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Create jobs. the jobs bill is sitting there three years that kong refuses to pass. >> they say it is moving in the house but not picked up in the senate. where are the pro economic policies? >> here's the problem. sorry. >> they are not there. here's the problem, the answer that julie couldn't give you. there is no confidence in america. consumer consumption makes up for 56 percent of america's gdp. small businesses who create half of america's private sector jobs are scared to death and they don't trust the president or boehner or mcconnell and so when you have a confidence problem, everybody...

>> the best part of the job is coming to places like this, right here in iowa where you can talk to everybody and everyday americans. there's plenty of fear and anger right here in america's heartland and indeed across the country right now. i sat down with the president just a little while ago for an in depth interview about job, the economy, the 2012 campaign. the war on terror and a lot more. specific about the short-term plans for boosting the economy and how it could make or break his reelection campaign. >> you said if you don't turn around the economy in three years it's going...

Feet, now we've got to put money in the hands of consumers. bill: that was the stimulus, oscar. >> excuse me? >> bill that was t.a.r.p., the money that went to the banks. the stimulus, everybody thought it was going to rebuild the structure of -- the infrastructure of america. >> no, we stopped the stock market for crumbling, that got done, okay? away from that, the banks are stable enough, now you got to get money in the hands of consumers. as we know, 70 percent of our economy is consumer consumption. we need us spending our money. bill i'll give matt the last word. >> listen, i do agree the...

Will come out on friday and consumer sentiment could be impacted by the gulf oil spill. analysts believe that hurt the index last month. so for more on what to expect from the economy this week let's bring in neil irwin financial reporter for "the washington post." good morning. >> good morning. >> getting worse? an economist at moody's is saying there's a chance the economy will soften a 25% chance we could have another recession? what do you think? what's going on? >> it's pretty scary. what's going on is the transition, pivot from an expang driven by -- expansion driven by businesses rebu...