but you won't get away. the video that has everyone talking on this "american morning." good morning. it's wednesday, august 3rd. this is "american morning." a lot going on today. we should get right to it. >> yes, we should. >> isn't the debt deal done? >> it's not done yet. they have to do the super committee. >> and decide what they will cut, cut food inspectors, education grants, they are going to cut stuff out of education. >> at least some of it is done? >> some of it done. one of the bitter and dangerous debates this recent history is now history. the bill to raise the debt ceiling and cut spending is law. this is a picture of president obama, he signed the bill in private. nobody around him. notice that. he doesn't look very happy either, does he? he called the compromise a first step toward fixing the economy, though, and argued more must be done. >> this is, however, just the first step. this compromise requires that both parties work together on a larger plan to cut the deficit, which is important for the long-term health of our economy. and since you can't close the deficit with just spending cuts, we'll need a balanced approach, where everything's on the table. >> so see, ali, the debt ceiling fight is far from over, but the showdown over the national debt has only just begun. now a group of 12 lawmakers, the so-called super committee, is responsible for identifying $1.5 trillion in cuts by the year's end. send up to congress to pass that plan or risk deep cuts to programs that are important to both parties. >> plenty to talk about. for months to come. because the debt ceiling bill is now law, at least one fear has been alleviated. two of the nation's leading credit agencies decided not to downgrade america's credit rating. still at aaa. by no means has the cloud of economic uncertainty cleared, unemployment still high, economy barry growing and as the ceo of the investment firm pimco told piers morgan last night, there are jitters, the u.s. credit rating could be downgraded. >> a negative outlook means there's a possibility of a downgrade. s&p has take an further step. they have put the u.s. on a negative watch. a negative watch means they will downgrade the u.s. unless good things happen, so the market is very nervous about what s&p is going to say and expect it to say something in the next few days. >> he said all of this drama in washington did more harm than good. raising a political problem caused by washington, concerns about the economy that drove the dow down more than 260 points yesterday and the nasdaq was down. the sell-off pushing the s&p 500 into negative territory, folks, for the year now. >> and congress may have finally acted on the debt ceiling, but the gridlock that continues to grip the nation's capital means a number of important things did not get resolved. one of them is funding for the federal aviation administration. we've been talking about this because it's not only costing the government money, it's costing real americans their jobs. >> 4,000 faa employees have been furloughed, through no fault of their own. 70,000 construction workers are out of work today. 70,000. and here we are, right smack dab in the middle of the construction season in america. >> ted rowlands live at chicago's o'hare international airport for us. what's the impact of this lack of funding? >> well, ali, we should point out right away that safety is not impacted at all at airports like o'hare. that's a totally different pot of money. passengers will not be impacted in terms of long lines, et cetera. that is off the table. what is impacting airports are the construction jobs, stop orders put out on hundreds of jobs across the country at airports like o'hare, meaning those construction workers, 70,000 of them, are not coming to work together and those 4,000 faa employees are furloughed indefinitely while congress continues and takes its august recess. take a listen here to randy babbitt the head of the faa, he is very frustrated. >> this can't go on a day longer, much less six weeks longer. we're going to suffer a lot of long-term damages. we have billions of dollars in construction money that should be going out the door that's not. this is money that's available. we can't spend it. >> and ali, as you can imagine talking to passengers here, for those folks already frustrated with washington, this really leaves a bad taste in people's mouths in that they just left on their august recess without getting this done. this is something that they've been haggling over since 2007. they've had band-aid extensions. they couldn't get that done. people very frustrated. a lot of the flying public frustrated at the inability for the two parties to get together and come up with something to at least keep these jobs going when -- as ray lahood said earlier, this is the middle of construction season in an industry that is really hurting right now, the last thing people need. >> ted, the construction is not getting done. but the bottom line the faa has said safety is not in jeopardy. the air traffic controllers are on the job, the security workers on the job, but i'm going to talk to a former faa head earlier who says there are concerns, there are safety concerns, this could be a safety concern. have you heard any of that? >> well, one thing that is impacted here is the inspectors that go around to different airportings and they check the tarmac and the systems and towers, those guys are working even though they're furloughed and expenses right now are being shouldered by themselves. there's an faa memo that was leaked basically telling some employees, put the expenses on your own credit cards until we deal with this. with congress gone and this could be a month now, there will some safety concerns as you mentioned. however, the official line from the faa is no concern over safety. >> wow. it's a good thing the government has a good credit rating so people put things on their credit cards they know they're getting paid. ted rowlands at chicago's o'hare airport. can you imagine that? >> no. >> that's like being in the government and not getting paid for three years. >> how is that fair? >> i read an article by one of these workers who are just waiting to see what happens. he doesn't make that much money. he said to put his mortgage on his credit card. causing a lot of hardship to a lot of people unnecessarily. >> biggest economy in the world. it's just -- >> yeah. >> political gridlock. >> one thing that does work the secret service. it works well. did you see this last night? a security breach triggered a lockdown at the white house last night, unfolded during "cnn's john king usa show" produced from the north lawn of the white house where this man with a backpack jumped the fence in front of the white house. it did not take long for secret service agents to come rushing in, guns drawn. here's how it unfolded. >> we want to alert you we're not sure what's happening here. i do not want to alarm you. from time to time packages are left here and they go on to high alert. the secret service has rushed out of the white house, guns drawn. i covered this building for eight years. see someone has jumped the fence, see on the video here. >> well, the secret service did take him into custody. they did have guns drawn, they really did. they described this guy as a homeless man who was previously ordered by the courts to keep away from the white house. secret service is not saying he posed any sort of threat. he's being charged with unlawful entry and contempt and after living many years in washington, this stuff happens pretty often. >> yeah. >> sadly. and it's scary, but -- and, of course, they never treat it as routine. >> sure. never know. >> it's difficult to get inside of those gates. one time a production snafu, sent somebody flowers who helped me get a live shot located on the lawn and i said did you get the flowers and they burst out laughing all those things are blown up. don't send flowers to the white house and don't take a backpack and jump over the fence. your flowers, pizza, card will not be received. it's being called the trial of the century in the middle east this morning. just a few hours ago in cairo, ousted egyptian president hosni mubarak arrived in court along with his two sons to face murder and corruption charges. mubarak driven from office six months ago after three decades in power forced to lie on a gurney in a cage in a courtroom facing the death penalty. cnn's ian lee joins us live on the phone now from cairo this morning. ian, what's the latest? >> well, christine, right now the protesters are making their case. this is the preliminary session, so they're asking for different witnesses to be brought forward, but both parties, both the prosecution and defense, have asked for field marshall to come in and give his statement and to give his account of the events happening. both are asking for him to come in and he is the de facto leader of egypt right now. these are progressing along. >> all right. ian lee, thank you so much. really compelling moments from inside that courtroom and a remarkable change, gosh, change of scenery for the former egyptian president on a gurney in a cage in a courtroom. in 30 minutes we'll talk about this trial and the impact on the arab world when joined by journalist and middle eastern expert mona eltahawy. what a bizarre sight, hosni mubarak lying on this hospital bed in court. we'll talk about that. now your chance to talk back on one of the big stories of the day. our question this morning, who do you trust to create jobs? as the senate passed the debt deal, president obama assured americans you can trust him. he's working on it. >> coming months, i'll continue also to fight for what the american people care most about, new jobs, higher wages, and faster economic growth. >> the president wants to grant loans to private companies so they'll hire people to work on the country's roads and bridges. republicans want to cut spending and they don't want to raise taxes or eliminate any tax breaks, hence the debt deal. a deal most economists say will not spur job growth. republicans argue it's too soon to tell but we do know this, most big companies are not hiring. they're actually laying off workers even though they continue to sit on piles of money. cnnmoney.com did digging. here's what they found. since january of 2010, businesses with more than 500 or more employees, have lost 29,000 jobs. small businesses are hiring. they've a added nearly 2 million jobs. they're not sitting on piles of money like the big guys. the big guys are sitting on $1.5 trillion cash. despite the fact president obama created a commission to convince ceos to spend some of that money on hiring. so, talk back this morning. who do you trust to create jobs? send us an e-mail, actually why don't you send your comment to our facebook page. facebook.com/americanmorni facebook.com/americanmorning. we'll read some of your comments later this hour. >> some of the big companies are sitting on piles of cash and opening r and d facilities in other country where they're looking for investments and new ideas and innovation and talent. some of the companies on the president's competitive council. >> ain't that grand? >> yeah. democrats venting their frustration, comparing tea party republicans to, quote, terrorists. will this help or hurt their movement? >> about to meet one tough cop. you can't stop him with a speeding car. 13 minutes after the hour. ooo whatcha got there? uh oh, sesame stir fry from lucky dynasty. oh, me too! but mine's lean cuisine, so no preservatives. 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[ coughing continues ] log on to lungusa.org and tell washington: don't weaken the clean air act. personal pricing now on brakes. tell us what you want to pay. we do our best to make that work. deal! my money. my choice. my meineke. it is 15 minutes past the hour. time to get up, pay attention a little bit. because i think the new catch word in the world of politics is bizzaro or maybe terrorists and i don't mean the osama bin laden kind. tea party politicians up in arms over allegations vice president biden called tea partiers terrorists during the debt ceiling debate. he didn't. his people told our people. the word used by several members of congress. the vice president does not believe it's a appropriate term in political discourse. no matter. tea party leader and presidential contender michele bachmann is using this drama to raise money and sarah palin using it to thrust herself back into the spotlight. here she is on fox. >> independent patriotic americans who desire fiscal sanity in our beloved nation being called terrorists, heck, john, if we were real domestic terrorists, president obama would be wanting to pal around with us, wouldn't he? he didn't have a problem palling around with bill ayers back in the day. if we were domestic terrorists i think president obama wouldn't have a problem with us. >> palin invoking bill ayers once again. who better than john avalon, cnn contributist and esen tryst extraordinary. it sounds sillty on its face but trying to restore civility but now democrats seem guilty of this. >> we have this cycle of insightment in politics. fear amongering and fund-raising off that fear mongering and ♪ er side is immune. >> it is effective. >> hate is a cheap and easy recruiting tool. the extremes are the worst enemy. this stuff does not happen in a vacuum. it's becoming a real problem in our politics. look, terrorists are terrorists. tenth anniversary of 9/11 coming up. that's unacceptable and should be condemned. both sides treat their extremes as well, they may be crazy but there are crazies. >> i want to read something jenna goldberg wrote. he said all over the place conservative respectens are hostage takers and terrorists and traitors. they want to end life as we know on this planet. jonah writes today, that the tea party republicans can put aside their suicide vests. so, is it a case that liberals, let's say, democrats, are sick of the conservative right controlling the agenda, using these tactics? why not adopt the tactics themselves and fight back that way. >> because it's bad for the country. i mean, that's the problem we're seeing right now. i mean, when sarah palin criticizes, we go back to death panels or michele bachmann taking umbrage when she uses language like president obama bringing tyranny and slavery to the united states. when you throw that card and try to fund raise off it, you're playing politics by talk radio rules. no such thing as two extremes. a funding apparatus off that. when democrats start echoing that and ratcheting up that rhetoric, some democrats are willing to excuse it because it comes from their side. the point is we have to be consistent about condemning it or otherwise that gets out of control. >> condemn the democrats saying these nasty things about the tea party, but how much money did michele bachmann raise? >> $13.5 million last cycle. >> this has become a business plan. that's the problem in our politics. fund-raising off fear amongering and a real problem in our politics. >> look at the overall picture back to the health care debate, we must do it for a second, but remember the death panel thing. totally untrue, but that phrase death panel, it was hateful, stood out, stuck, and did make a difference in how we debated the health care debate. >> that's the danger, a temptation to throw the bomb to try to resonates, mischaracterizes, and it all of a sudden frames the debate. this is the problem. this goes back to something old in our politics, what's called the paranoid style in american politics and when you pander to that lowest common denominator you can get results in the short run. this gets back to the 70% of americans think that politics are acting like spoiled children. people seem more interested in scoring points than solving problems and offended by that approach. doesn't mean it's not effective but it does require you have to think a little bigger and be a little bigger. remember sort of an old lost adage that roosevelt used to say, decency is the most influential kind of politics. we have a breakdown on our civility. folks are playing politics by talk radio rules and starting to have an impact on our discourse on both sides. >> maybe it's the voters, because you know these polls came out and consider lawmakers childish and stupid and idiots, but if this rhetoric works to fund raise, then politicians are getting a mixed message from voters and isn't it up to us to say stop it and penalize the politicians in some way, which we kind of don't? >> that's the problem. there is a lack of accountability, right. they'll use fear amongering and then take offense when the other side starts engaging in the other thing and fund raise off it playing the victim card. that is the part of this cycle of incitement we've seen. it's going to stop when both sides stop criticizing the extremes on both sides. they're willing to use these folks to mobilize the base in elections, willing to fund raise off it, but that's really becomes the issue. the cycle of incitement gets out of control. we're heading into a new election cycle. if folks don't think this will get worse you need to wake up. >> i knew you would love this topic. i knew it. i'm going to throw it back to my fantastic, fabulous and talented colleagues. >> good to have him in the morning. he gets you ready to go and irritated right away. >> sounds like he's been up for a lot longer than all of us. >> i know. 21 almost 22 minutes after the hour. we'll check the business headlines after the break. >> many of them. historic drought in texas unearthing a piece of american history from the doomed shuttle "columbia" mission eight years ago. this was a surprise no one expected. it's 22 minutes after the hour. hey can i play with the toys ? 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