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Success on Wall Street trickling to Main Street?

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    What does market uptick mean for economy?

  • Duration 2:41
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Gained five durable goods orders were up four point 6% in December led by a surge in military aircraft sales.

So what does all of this mean for you and the US economy.

Here's White House correspondent -- -- But the Dow industrial average closing in on its pre recession high of 141164.

Set in October of 2007.

And the Standard and Poor's index already passed its high point that year the stock market is arguably recovered from the worst recession since the Great Depression.

But -- unemployment still seven point 8% if you would say the same for middle America.

And critics argue the president's recovery effort.

With a trillion dollars in stimulus spending and hundreds of billions in bailouts may have saved Wall Street but it hasn't done the same for main street.

Wall Street bonus -- continue to be very large there's lots of profits being made there.

But most folks there wages are declining and if they have investments and iris in Tokyo's and so forth.

Over the last thirteen years they haven't made any progress at all the White House says keeping the financial industry afloat was an essential part of rescuing the overall economy.

The president does not believe that anything we do in Washington.

He is worthwhile if it doesn't.

Have as part of its.

Purpose.

-- strengthening our economy.

Strengthening program and providing more security for our middle class.

His aides have often said the recession would have been worse without the president's program which included legislation aimed at preventing future bailouts of institutions deemed too big to fail.

Though not all agree how effective it will be.

Peter -- C believes while big investment houses are driving the average investor is not.

If they Biden ordinary mutual fund they have are very high probability of not keeping up with the market.

And if they buy the S&P index which is the market.

It doesn't make any progress in the White House says that's not.

The fault of the recovery plan even -- majorities in the house and senate the stimulus bill contained more tax cuts and less spending -- the president's advisors want it.

Jay Carney says the compromise was the best they could get the idea that we would have somehow garnered more support in congress.

For something different.

Is a misreading of history.

Meanwhile although most people agree uncertainty is holding back economic growth.

Congress is only agreed to extend the debt ceiling until May and still -- an agreement with the president to avoid across the board spending cuts.

-- Marie C believes one thing holding back job growth as the current nature of investment -- relatively few people making a lot of money as he puts it.

Flipping stocks in a way that doesn't really send capital where it needs to go to grow the economy.

-- -- a lot of north -- Wendell thank you.

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