a wake-up call from the ragin cajun. bill clinton s top adviser, james carville, along with two respected democratic pollsters out with a blistering 16-page indictment of the president s campaign strategy. carville says the president s efforts to convince voters that the economy is going in the right direction hit the wrong strategy and in his words will fail. he s right about one thing. the president is selling a message of hope, hard. we ve gone through the worst financial crisis and economic crisis since the great depression. we ve made significant progress. the good news is that we re starting to see progress. so we re making progress. we re moving in the right direction. progress? doesn t add up. we looked at some important economic indicators with bespoke investment research. look at the unemployment rate. this chart starts in the summer of 2007, when america was booming. at the very top, unemployment was 4.6%. a level it had hovered at for years. today it s 8.2. n
new york stock exchange here. they said they ll also be listening for any possible stimulus that the fed could hint to. it s something that the market points to a lot. when you see the markets tumble as they are doing, you know, the fed has done this before where it s bought up government bonds in great numbers, basically pouring a lot of money into the market and giving that kind of shot in the arm to the market. there are definitely two sides of the fence as to whether it s really helped the economy. at least it s done so in the short term. so once again, you are seeing stock futures turn around on hopes that the fed chief will say something positive or supportive on thursday. but no doubt about it, you re still going to see the same worries hang over the market today. you re going to see these same worries hang over throughout the week, worries about spain, worries about greece, worries about china. and then our own problems here in the u.s., that so-called fiscal cliff wh
and george zimmerman has less than 48 hours to report to jail. this is bad news for his trial. that s all outfront tonight. i m erin burnett. outfront tonight, stocks tank. the dow plunged 274 points today. it s the biggest drop since november. it was a really bad day and the reason was a terrible jobs report. usually using adjectives like this are sometimes a bit much for the markets but it s the way it was today. american employers added a meager 69,000 jobs which is about half the number needed just to cokeep up with current population growth. it was the weakest month of hiring for the year and the unemployment rate went up to 8.2%. it was a grim day for the president. today we re still fighting our way back from the worst economic crisis since the great depression. the economy s growing again, but it s not growing as fast as we want it to grow. now, according to bianco research, no president has been re-elected in this country with an unemployment rate this high
zimmerman s wife, shelly, lied at the bond hearing in april about their ability to make bail. here she is that day testifying by phone, first being sworn in, then not telling the truth. do you swear to tell the truth, the whole truth, nothing but the truth so help you god? yes, i do. are you of any financial means where you could assist in those costs? not not that i m aware of. because the judge believed the zimmermans to be strapped for cash, zimmerman was granted a low bail, $150,000 of which he only had to pay $15,000 out of pocket. what mrs. zimmerman did not say is that the couple actually had more than $150,000 in donations in a paypal account. the defendant through ms. zimmerman lied to this court about the amount of money they had. now i would argue to the court that that is an egregious violation in terms of the representations that were made to this court. it was misleading and i don t know what other words to use other than it was a blatant lie. wh
i m erin burnett. outfront tonight, stocks tank. the dow plunged 274 points today. it s the biggest drop since november. it was a really bad day and the reason was a terrible jobs report. usually using adjectives like this are sometimes a bit much for the markets but it s the way it was today. american employers added a meager 69,000 jobs which is about half the number needed just to keep up with current population growth. it was the weakest month of hiring for the year and the unemployment rate went up to 8.2%. it was a grim day for the president. today we re still fighting our way back from the worst economic crisis since the great depression. the economy s growing again, but it s not growing as fast as we want it to grow. now, according to bianco research, no president has been re-elected in this country with an unemployment rate this high since the great depression. that was when fdr won and at that time unemployment was 13.7%. what s happening? we went to find out.