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That way the interest rate would be accurate. it wouldn't lower than it should be when the government -- >> dana: it would be competitive. see, president obama last year -- >> bob: you'd trust banks in this country to control student loans? >> kimberly: that is the problem. >> dana: i do. i trust them more than the government doing it. >> bob: why? >> kimberly: the idea is you want people to better themselves, seek out an education otherwise they might not be able to, because they couldn't afford it. people are trying to pay back the loans. if you look at the credit card debt, mortgages. stude...

Resource to borrow money. that way the interest rate would be accurate. it wouldn't lower than it should be when the government -- >> dana: it would be competitive. see, president obama last year -- >> bob: you'd trust banks in this country to control student loans? >> kimberly: that is the problem. >> dana: i do. i trust them more than the government doing it. >> bob: why? >> kimberly: the idea is you want people to better themselves, seek out an education otherwise they might not be able to, because they couldn't afford it. people are trying to pay back the loans. if you look at the credit c...

"situation room" starts now. thanks very much, brooke. happening now, republicans pouncing on president obama and a horrible new unemployment report. this hour, the numbers and the politics and what it all means for millions of americans who need a job now. plus, i'll talk to a republican congressman who plans to boycott the president's big jobs speech before a joint session of congress next week. also, a new worldwide travel alert as we approach the tenth anniversary of 9/11. national security insiders tell us what they know about the risk of a terror attack. revenge, as far as al...

>> he's running for reelection. he's sago owe i'm saying he's got a lot of explaining to do about the economy if that's what he's out talking about. i don't think the folks in iowa are going to be real excited about unemployment rate where it is and the number of americans who are out of work. this president has been an ab jekt failure when it comes to the economy. >> republican candidate michele bachmann's bus will be in dpreenville and spartanburg, south carolina, today. today is the national day of action. latino groups will protest the immigration policies. he's been criticized...