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Economic climate on a federal level and at the state level. these jobs probably would not have come to michigan without the stimulus money because we've got the worst tax code in america. it is expensive. it is complicated. we are over regulated. we created an antijobs environment in michigan. i wish the governor rather than looking for incentives was out trying to create a better business climate for the state of michigan and we'd all be better off. >> help me understand how you would approach it then. is it that all federal money like this is bad? the federal government has loan guarantees o...

Bring the oil up to the ships up on top of the water? that is the big question. we are tracking this. again, logon to the live feeds if you want to see them at home. next we'll try to explain another big development today. the senate passed and then congress sent to the president sweeping financial reform. they say it's the biggest financial changes since just after the great depression. one of the men who helped write it, chairman barney frank, is right here to go one-on-one and explain what happens. to just st by the pool and relax. yea. [loud music playing and yelling] with chase sapphire y...

Pressure fluctuation. one thing i should point out that nobody has been talking about yet is the top kill failed, you know, back in may, the top kill failed and the reason that it failed was that there was too much flow coming up the well bore. now that the well is shut in something like the top kill should be possible even without the relief well. i mean, it should be possible to start it up and kill it very soon. but i haven't heard anybody talking about that option yet. >> an excellent question and we will put it to bp as soon as we get the opportunity. steve wereley, appreciate your time. ...

The president was on the road for a few hours today in one of the hardest hit places by the recession. today's trip was a snap shot of the white house political argument in this tough mid-term election year. just 4 in 10 americans have approved of how the president has handled the economy and many americans don't think the nearly trillion dollar white house stimulus plan was worth it. add in high unemployment not only in michigan but across the country and history suggests it could be a punishing year for the president's party when voters pick a new congress this fall. but the president wants ...

Oil spill. they'd like to get back up to 50 by the election. if you ask the american people, country right track or wrong track the wrong track number has spiked up since the oil spill and most pollsters tell you it's part of it. that it's mostly the economy but people keep looking for something to be happy about and when you see those images of the oil that certainly doesn't help. how do they see it there? >> two different ways. first of all in terms of the impact on his agenda they say inside the west wing, look, this president got the stimulus bill, got the health care reform. now he's got ...