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trillionplan to cut the deficit. reduce spending in iraq and afghanistan and higher taxes on the wealthiest american. republican leaders promptly dismissed it calling the plan class warfare. does the president's plan have a chance? joining me is gene sperling director of the national economic council. thank you for joining me. the president announced today he'll go after the rich. the republicans say that is a form of class warfare. the president says it's math. but the reality is it is class warfare. the rich are a class and he's going after them. >> it's the opposite. the president...

lost the ability to inspire confidence in the american people here? >> the entire country is show-me state. they have heard for some time from the very beginning before the stimulus plan, that the stimulus plan would keep unemployment under a certain amount, grow the economy this amount. they've heard a lot of things that didn't happen, whether it was because the economy was worse than anyone thought it was, whether it was because it was the wrong remedy or not enough remedy, whatever the reason is the american people are now skeptical that washington, including president obama, can ...

time, since before the stimulus plan, that the stimulus plan would keep unemployment under a certain amount, grow the economy this amount. they have heard a lot of things that didn't happen, whether it was because the economy was worse than what they thought it was, whether it was because it was the wrong remedy or not enough remedy, whatever the reason is the american people are now skeptical that washington, including president obama, can do much to change things. i think that's what's reflected in the polls. everybody wants to see it before they believe it. >> those same polls sho...

>> interesting. maybe they'll have a better on-line presence. that's what zagat needs in my humble opinion. thank you very much. we appreciate it. "american morning" continues right now. i'm christine romans. here's what you need to know to start your day. people in new york and washington being told to stay alert and stay calm. the feds watching a possible terror threat as our nation marks ten years after 9/11. i'm carol costello. a fiery president obama announcing his jobs plan to jolt the economy and create jobs, challenging congress 17 times to pass his bill right away. we'll...