Stay updated with breaking news from Job creation plan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
i m wolf blitzer. you re in the situation room. the largest bank of the united states is called to before congress to explain a $2 billion loss that one lawmaker compared to russian roulette. jpmorgan chase ceo jamie dimon appeared before congress saying he could not defend or justify the trades that ultimately imploeded. liz zi was there watching it all unfold. and it was very dramatic. it was very dramatic. i ve known jamie dimon and covered jamie dimon for a long time, wolf. usually when he comes to washington this is a town where he s received with open arms, even at the white house. this position was a little unusual for him. hi, jamie. how are you? i m good. he usually loves the cameras, but he got more of the rugby scrum. they re the job destroyers. this man is a crook. we ve let a lot of people down. and we are very sorry for it. he apologized for losing billions, took some blame, but embracing more regulation, maybe not. we think don t make se ....
Morning. the president is really out of touch with what s happening across america. that was quicker than i even thought. the president but it is interesting, isn t it, how they have turned that criticism on its ear. and what do you say to that? when i think they re using what the president said out of context or not, to point to the problems that are out there. we welcome the debate with mitt romney about who is out of touch. this is a candidate who joked about being unemployed and said he liked to fire people. the entire context of the president s remarks were about additional steps we could take right now to create jobs. and to promote economic recovery. the president has got a plan to create 1 million jobs right now. mitt romney has got a 59-point plan. not one of those points would create jobs. and he has had years to present a job creation plan. last week, he presented it. unfortunately, it was a job elimination plan instead of a job creation plan. he actually thinks th ....
Business hold on a second. he takes a very different position. specifically talk about because when you came on the set, you were bothered that. his body of work is broader than the 10-minute interview. he is a great interview. i loved it. i think you can engage in short-term stimulus, long-term spending control. and you can go about providing a tax reform package that would encourage spending, job creation plan in the private sector. that s where i disagree with mr. krugman. i think he could emphasize that more. no disrespect to my friend lawrence. but at the end of the day, the country could use a little more certainty in the marketplace. could use a little more certainty in the regulatory environment. and if you ran a big business, you had shareholders you were responsible to, you would answer differently than krugman did. canesian economics. he believed when you had good times, you ran balanced budgets. ....
Governor romney said is, trust me. i m a business man. i know how to fix the economy. but other than the same old recipe of keeping taxes low and reducing regulations, which didn t work during the bush years, it hasn t really worked any time in the last 50 or 60 years. there s no specifics. there are no details to his plan. i thing president wins on both. on fairness and on job creation plan. well, chairman steele, let me say this. i think it s going to be close the way the country is polarized. but i ask for a sign and i got a sign. i saw a guy from new england throw a ball last night that could have made it, but they dropped the ball. i predict that s going to happen in november. just a prediction from a new yorker who just won the super bowl. i understand, reverend. i understand. i know you do. governor ed rendell and michael steele, thanks for joining me. have a good night. coming up the more voters learn about mitt, the less they like him. some devastating signs for th ....
newspaper. here s part of the conversation. port authority, we ask you if all is well there. concord yeah, all is well. it s only a technical failure. port authority, how many people are on board? captain, 2, 300. port authority, how come so few people? are you on board? captain, no, i m not on board because the ship is keeling. we ve abandoned it. port authority, what? you ve abandoned the ship? captain, no. what abandon? i m here. a judge questions the captain at a closed hearing today. he s under arrest and he could be charged with manslaughter. dan rivers is live on the scene once again for us there in italy. dan, six people are dead. 28 are missing, including two americans, and crews are still searching for survivors, right? reporter: that s absolutely right, yeah. it s getting along four days since this happened here in italy. you can see the wreck right behind me. there s a lot of activity there. a lot of ships around. the divers, again, are making th ....