Straight Talk on Jobs

As the Cowardly Democrats in Washington prepare to cut the budget, thus smothering what little economic recovery the too-small spring stimulus provided, one of the few sensible voices on economics in D.C. explains what's really going on with the lack of jobs:

What exactly is going on with the economy? Stocks are up and big bonuses are back, but while they're throwing parties on Wall Street, there's pain on Main Street. One out of every six workers is unemployed or underemployed, according to government statistics - the highest figure since the Great Depression.

This week NOW gets answers and insight from Harvard professor Elizabeth Warren, who's been heading up the congressional panel overseeing how the bailout money is being spent. NOW Senior Correspondent Maria Hinojosa talks with Warren about how we got to this point, and where we go from here.

What will it take to put both bankers and American businesses on the same road to recovery?