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The dow was closed that day at 7949. it was lower before his policy starts working. hitting 16,000 today means in less than five years of the obama presidency, the dow has more than doubled. we'll be right back. give me more power! [ mainframe ] located. ge deep-sea fuel technology. a 50,000-pound, ingeniously wired machine that optimizes raw data to help safely discover and maximize resources in extreme conditions. our current situation seems rather extreme. why can't we maximize our... ready. ♪ brilliant. let's get out of here. warp speed. ♪ afghanistan in 2009. on the u.s.s. saratoga in...

i'm wolf blitzer. you're in "the situation room." first it's today's new round of attack in the presidential race campaign and the much winning battleground state of ohio this afternoon. president obama slammed the tax proposals, warninging they'll send thousands of u.s. jobs overs overs overseas. > the romney campaign is accusing them of another dishonest attack. why did the president level this new corporate tax attack on romney in ohio? >> reporter: well, wolf, the president is trying to draw sharp contrast between his campaign and romney's campaign, trying to suggest romney is ...

more than $15 trillion in growing. politicians are deadlocked on how to fix it. only you can tackle your own personal debt. lynnette is the founder of askthemoneycoach.com. are americans back to their bad old ways? we saw consumer credit up. are people more comfortable or living paycheck to paycheck? >> i think they are living paycheck to paycheck. we saw debt in november. american consumers added $20 billion to their credit cards. i think that people have this sense of frugal fatigue. we have hunkered down so long. it's the holidays, i have deprived myself so long, i'm going to go s...

Back now with our roundtable. alan greenspan, i want to talk economy at large and a few pieces of data. from treasury secretary geithner, he thinks unemployment could be at 8% or below by 2012. this is interesting, too, consistently high unemployment, but look at the consistence of the stock market while president obama has been president. up from 2009, 7,949 up to over 12,000. as we always say on this program rvelsion that's real money, that's real wealth. yet, we have persistently high unemployment. what is this view? what is this outlook that you're seeing? >> first of all, the major reason...

Back now with our roundtable. alan greenspan, i want to talk economy at large and a few pieces of data. from treasury secretary geithner, he thinks unemployment could be at 8% or below by 2012. this is interesting, too, consistently high unemployment, but look at the consistence of the stock market while president obama has been president. up from 2009, 7,949 up to over 12,000. as we always say on this program rvelsion that's real money, that's real wealth. yet, we have persistently high unemployment. what is this view? what is this outlook that you're seeing? >> first of all, the major reason...