will see you back from new york tomorrow, the willis report is coming up next. >> with just two weeks until election day, president obama unveils hissbankrup blueprint fr america, welcome to willis report. gerri: i'm jerry willis, president obama and mitt romney back on the campaign trail where president is blasting romney's foreign policy, wrong and

reckless but, one republican senator said it is obama's foreign aid that needs to be looked at. rand paul of kentucky with more, welcome back, so, you have been talking about foreign aid for a long time, now you put your money where your mouth it, tell us about the ads. >> we're running ads in west virginia, ohio, florida, missouri, and we're contemplating going into montana and pennsylvania next. letting people know that their senator continue to vote to send aid to countries that are burning our flag and not protecting our embassy, i think that most americans would be appalled to know this. gerri: it is not chump change, pakistan $2 .1 billion, egypt $ 1.6, libya 13.1. should we yank the money from the countries and what is the bases for deciding who gets aid. >> a story today the president

of egypt saying amen to annihilating the jews, i do not see giving money to people whose policy is anile latin annihilat, i ask in my amendment that many senators vote the against was to make the aid contingent, willing and able to protect our embassies, pakistan should turnover the doctor that helped us get bin laden, and libya should turnover the people that assassinated our ambassador. that is the least you could do. we're putting senators on notice who vote forward this aid, letting them know we'll participate in the election, and let their voters know how they voted. gerri: a picture of the senators here. manchin responding, oh, we don't

have that sound. i think that senators are not so happy about your pac dollars go into their race, have they talked to you about this. >> not personally, i would say 90% of americans republican or democrat, are tired of seeing our money go overseas when we have problems at home with bridges and roads that need to be repaired. people in kentucky and across united states don't understand why we're sending our money to countries that are burning our flag and chanting death to america. i don't think most ac payers understand that. these -- taxpayers understand, that these senators all have some explanation, it makes no sense to me or the american voter. gerri: moving on the debate last nike i am wonder figure you thought that romney misan opportunity to attack president on his handling of libya? >> you know, i probably would have been stronger, but romney is so far ahead he does not want to come out and be too

antagonistic to the president, i thought that president looked defensive, like someone who is behinded and looked unhappy throughout most of debate, i would have said that i don't think that romney said strung enough, i would say why were there no marines guarding the ambassador, why did you remove the security team guarding the ambassador and why remove the dc -3 the plain that was there for security, those are very important questions. gerri: imente want to ask but de sequestration, president said it is not going to happen. what do you make of this? and fiscal cliff in front of it seems that our economy is already on a precipice. it will get worse? >> well you know president signed sequestration bill, so i thought that meant he was in favor of sequestration happening, when he said it is not going to happen, some pundits in washington may agree

with him, but no one has come up with allege latest fix -- legislatist fix how we cut the money for spending we have to look at military spending and domestic welfare spending, they both have to be looked at if we're ever going to balance the budget. gerri: senator paul, always a pleasure, be interesting to see if you get much reaction to the ads. >> thank you. >> well, candidates dashing to finish line, president obama ii worried he is not making his bottom line for a second term clear. so, he is releasing a 20 page book met on his plan. -- booklet on his plan. >> my plan will move america forward. and by the way, the mask in my plan, adds up, folks were not convince they'd can look here and find out what it and i intend to do in the second term. gerri: so, 14 days until

election, it is too late, really ask kirs tin power, this is not that easety find, maybe we could have gotten this a year ago it would have made more sense. >> that would have made sense, i guess they decided to do this because they want to try to pin mitt romney down by saying they are being specific. now he needs to be specific there is this back and forth over romney tax plan and whether it adds up and they want to try to pin him down on saying what cuts he would make. gerri: but romney had i believe a 59 point plan for jobs it was laughed at by media and thought to be too complicated, so he filed it down to 5, is there a lack of information on the romney side. >> presidential candidates never

cross all of the t's and dot all of the i's. i would say that mitt romney's plan is more details than most candidates, he has done a good job, one thing he has been -- the most is how you going to cut the taxes here is thing, i think he has come up with a en genius solution, say everyone gets a 20,000 deduction, you pick and choose which you want. and the neat thing about that plan for someone, you know to left of me, is that actually rich people are those who take most of the deduction, if you look at our editorial, average person makes over $10 million. they take 4 million of deducts, if you give 20,000, you take away -- it is an example of how actually, i think mitt romney is being specific. gerri: to you, we're talking

about taxing millionaires that is a big thing, but taxes go up across the board, and the what the average american family will find is a 3500-dollar increase in their taxes. do you think that people know that is coming. do you think they have a sense of how economy could fall apart once we hit this huge fiscal cliff? >> no, and no, i don't think that anyone thinks their taxes are going up that much, and they are not aware of the fiscal cliff, because they are living their lives it has not been discussed that much in the debates, maybe people hope as i do, that it will be you know, that there will be some way they can figure out how to work together, and maybe hope against hope we keep having that some day, dc will be functional. >> a pipe dream. >> i have a dream.

yeah. >> let me say something about this. i did look through it, the problem for president obama, there is a lot of -- not a lot of specifics but the problem is president obama has had 4 years to 28 jobs it has not gotten done, looking through that report, there was not a lot new. it does kind of confirm what mitt romney is saying, the next 4 years will be very much like the first 4 years. i don't know kristin if you saw anything new but i didn't. >> i don't think they are coming up with new things, i think this is just a tactic to say you know try to get romney to be semiconductor specific on the things -- i am not saying that romney has never offered any specifics. gerri: 59 points last summer, a 40 page plan that no one could get through.

moving along, steven, you bring together politics and policy, you are good at it today, market sell-off, almost 2% on the dow, dupdupont cuts jobs worldwide is this economy shrinking again. >> every time it looks like this economy, the slumbering giant will pick itself up, we see another falter this is troubling, their earnings had been picking up. now with a series of really lousy earnings reports am the reasons that the repoots are so bad is because people are not buying these company's products, consumers are not spend will that is a problem. circle this back to politics that is a problem for barack obama two weeks over the election. gerri: and kirs tin middle american having trouble as well,

with incomes, falling dramatically. at the end of the day when people go to polls do you think they are voting -- last night we talked about foreign policy, is it going to be about the economy? >> almost entirely about the economy, about what people feel, and what they think that obama -- do they feel it has improved at all? we're on the right trajectory, and obama has a handle on this? we keep moving in that direction? hor do we need someone to come in do something radically different. the thing is that mitt romney, the reason that mitt romney is now where he is, he presented an alternative, it is not control referendum thing, it is a choice, mitt romney is a valid choice, he is presented himself in the debates at a minimum as someone who could be president. >> this is all -- -- you are right, this is all a confidence game right now.

if people go to polls two weeks from now they feel that things are getting better, i think that obama will win, but if they are feeling uneasy -- >> people are still at play. >> they are. gerri: they are still at play. >> most important poll of all. who came out on top. coming up next. bob...

oh, hey alex. just piing up some, brochures, sters

copies of my acceptance speech. great! it always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'mlad we're both running a nice, clean race. no need to get nasty. here'sour "honk if youad an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. gerri: the president said he is moving america forward, but the way that mitt romney sees it. the past debates have voters moving towards him. >> these debates have super

charged our campaign, there is no question about it we're seeing more and more enthusiasm, more and more support, we're going to make sure that message of the debates keep going across the country. gerri: let's find out if romney is right, downing me again. kristen power, and steven poor. i want to score who won last night, how much by? >> oh, well, it is -- i felt that romney had won after debate but not by a lot. but just in sense he had preserved his lead. so it was not, i think that president of the was response in a lot of ways, forceful, and seemed presidential but were mined himself a little bit with the i is a sar ca sarcasm and s.

gerri: steven. >> i think that san francisco giants won. i have to confess, that debate was really not the most dynamic. one interesting thing that you said off the air, that i agree work political pros score these things different than middle america, political pros said it was a knock out for barack obama. he was in command, but actually, when you look at actual all of the undecided voters, they seem to think that romney held his own. gerri: your 88-year-old mother who really liked romney. i want to talk about tone. i think that president's tone at time had me on edge, here is an example. >> you mentioned the navy for example, we have fewer ships than in 1916. well governor we also have fewer

horses and bayonets because the nature of our military has changed. we have these thing things call the aircraft carriers where planes land on them, we have ships that go underwater, nuclear submarines. gerri: what do you make of that tone it seems derisive. >> it is very, sometimes you can say that and be joking but, most women at some time in their lives have been on the receiving end of that kind of tone, and. jimand. gerri: that just ridges true with me. >> i am not touching that one. >> i am curious to know how it played with women, the women that i spoke to said they did not like it. >> important thing, when i talk with people in romney camp, about what was going on last night it seemed that romney was

more subdued. it is clear that mitt romney had one audience last night, undecided women voters. you saw a little bit of feminismation of mitt romney last night. gerri: he did attack at times. >> we can't kill our way out of this mess. we're going to have to put in place a very comprehensive and robust strategy, to help the world of islam, and other parts of the world reject this radical violent extremism that is not on the run. gerri: what do you make of that? he is attacking, not like he has -- pulled a give out of his backpack. but you know, he is making his point. was he effective? >> i look at not point by point, just at bigger picture, i think he was. there were some points he was

the effective on and others i would quibble with but he was effective in preserving his lead, he was very targeted. at first i thought that what is going on, i thought what steve said, they have internal polling shows he is ahead, and he needs to preserve, that who is he trying to reach, obviously women. gerri: there is one other piece of sound i want to play, the romney apology, quickly. >> reason i call it an apology tour, you welcome to the middle east, flew to egypt, and saudi arabia, and turkey and iraq, by the way they noticed you skipped israel, and you said that america had been dismissive and dericivederisive, you said thata has deccalitied to other nation -- dec taile dictated to othern,

mr. president we have not dec dictated to other nations, we have freed. gerri: this is the last one. hurray. we're flat they are done, i can't take any more. >> i am with you. gerri: are you glad. >> i love them. >> you are efficiently a geek. thank you great comes, interesting stuff. gerri: all right, small but mighty the world on apple's latest production, the early reviews on the ipad mini. with weeks to go. i'll break is down next on the willis report. 0t[h7

gerri: president obama claims his way is the best way for the economy, saying it has been working for last 4 years, should we be satisfied with the status quo?

gerri: way back last summer, mitt romney released a 59 point plan for growing jobs in america. you didn't hear about it? not too surprising, the media largely ignored it, too complicated for nightly broadcast, and too dense for editorial writers he boiled them down to 5, energy independence, more trade, better education, he

want to cut deficit and encourage small business, last night president released hid plan for growing jobs with just two weeks before the election. here is obama's list. energy independence, encourage small, cut the deficit, better education system. does it sound familiar? the period unveiled his list last night, here is an on-line copy that i printed, look at this, they both want energy independence and encourage small, cut the deficit, better education. now not only does obama claim these are his goals, and he said he as already accomplished many of them or on the way, but the reality is different, let's start with manufacturing, no doubt about it, more manufacturing jobs would be good, and president said he has created 500,000 jobs over the past 31 months.

close. he created 480,000 during the period but why just 31 months since president has been in office more than 45 months, using that, as a yard stage, manufacturing job has shrunk by 610,000 jobs. and if he was serious boo ending our alliance on mid east oil why not approve the pipeline from canada. creating 20,000 jobs. then obama said he wants to cut deficit by 4 trillion. that would not undo the damage of his first term who obama deficit total more than 5 trillion, the record here is not good. too much spending, not enough cutting back, i could go on, but you get the point, that pamphlet, feels like a piece of fiction than a real road map for

getting america back to work. it is claiming that obamacare would enclose. is malarky, congressional budget was on the said that health care reform alone would cost $ 8 -- 800,000 jobs, this administration has settled for middling performance when it comes to the economy. and president seems okay with 23 million of us unemployed or under employed. and 46 million of us on food stamps, can't we do better? i think we can, let's set the bar higher. but what do you say? is this status quo where you want to be? here is our question, is the status quo good enough for you, vote on right-hand side of the screen, i will show the results at the end of tonight's show. >> this is ipad mini. >> did you buy an ipad mini? that is the big question today, is the price right, we'll find

out next. >> and an amazing career as one of the best running backs in eagle history, but decided not to get knock down any more, ricky waters is here to tell us why he gave up the sport he loves. >> and two weeks before election day, is the housing picture as rosie as some would say? we have the answers, next on the willis report. [ male announcer ] do you have th legal protection you need?

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gerri: well a bad day for stocks, a huge market cell off sent dow jones plummeting 223 points on weak corporate earnings and economic outlooks, that is what the pros were saying, it is now at low est level in 7 years, and commodity markets took a hit, what is going on. do the pros have it right, gary, is it about earning?

>> it is about earnings, and sales growth is heading south even harley-davidson, that was up today, sales growth is down 11% year-over-year, the dogs are not going to hunt. a defining force is earnings and sales growth, it is going the wrong way. gerri: what is going on. >> business is not so good. demand is not strong, there is a lot of slack. i'm a big believer that it has been fed printing money, and maybe market is not caring much about bernankeeprinting money any more, now it is back to earnings. gerri: some stocks we saw sell-off today, dupont those are old fashion stocks but leading growth stocks amazon, apple and google under pressure. >> googles earning growth down 7%, when you are a growth stock then all of a sudden your growth

rate goes south not north all of mutual fund that own your stock they sell, they are momentum type people. when is not just had is a whole host of names that have been getting hit. it is amazing. i think that market could have been set up where expectations are so low if they did anything decent would be okay. but guidance going for is really anemic and not thrilling. gerri: you know, i know you are circumspec about federal reserve, and ben bernanke, but talk that qe3 could get super sized. how much more super sized can we get? >> i have to tell you, it was we could talk billions now we talk trillions as far as the eyes can see. i think that these people are nuts to try to manipulate and rig the biggest market in the world, the bond market and try

to get asset prices up. long-term it will come back to haunt you. they are taunting markets, yesterday it is 3:00, when that came out, that is what goosed mark into the close yesterday. and today the market could not careless about it. gerri: i have to ask this, we've help hearing this from -- we've been hearing this center sources, wealthy clients with expensive advisors are told, get out of the market now. do you believe that? is it the right thing to do? >> look, i went low beta in last couple weeks with my money, getting out, and to less volatile, i told you about that, i think that could be going on. remember these smart advisors, understand what earnings mean, and also the fiscal cliff that is out there. and if taxes go up, people may start selling this year, instead of waiting for next we're, that is entering the equation right

now. gerri: bow howdy, what a sell-off that will be. >> yea. gerri: always great to talk to you. thank you, gary. tech headlines weighing on minds of investors and consumer, facebook reports slightly stronger earnings sense its soaring after hours, and even though late steve jobs said it would never happen, apple unveiled the much anticipated ipad mini. is it worth the price? lance, i have to start with the ipad mini. you said that you are not necessarily a fan, why? >> well, it is less of everything. it you know i have my ipad, it is 9.7-inch device, a big screen, i enjoy it i kind of love it as tim cook said, this is a smaller device that costs a heck of a lot more than other competing devices in the same size range, $329 at base.

gerri: some so the question is, can you use it to do everything you would use an ipad for? >> morer less, yes. it is right into apple eco system, is has all that, that is the nice thing about what apple does, all of these devices support the apps and all, pad apps, but this is a smaller device. you will use that mostly for media consumption, reading books, and watching movies and listen to music. gerri: you can do that with an ipad. my real question, is the company cannibalizing itself, is that why the shares were down. >> i don't think that apple had a chase, they had to get in the market, everyone is rolling out 7-inch devices with amazon, and barnes and noble and google, people are buying then at $199, we believed that apple was going

to get in the market. when chief jobs said he was want going to do it the market was different. gerri: the longer i hear i have to love apple. the more annoying i find the argument. >>. facebook maybe mmking enroads on mobile space, but zuckerberg said before, if you think we weren't doing well with mobile advertisement, we were trying 6 months ago but now we're trying. gerri: you don't just say we did a lousy job of that before. >> they are having success that is the key for facebook going forward, to have mobile advertising success. gerri: always great to see you, appreciate your analysis, lance.

>> my pleasure. gerri: a new housing reports paints a stark picture just time warner weeks before the election. >> and next, he is a super bowl champion, who walked away from football to save his life, ricky waters is with me. talking about the dangers of america's most popular sport. stay with us. look, if you have copdike me, you know it can be hard to breathe, and how that feels. copd includes chroni bronchitis and emphysema.

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gerri: we're 8 weeks to 2012 nfl seen, and injuries just keep piling up, a blow to washington redskin quarterback a week ago left robin griffin iii motion less on the turf, and is begging the question, is the league doing enough to protect its players, some are fighting back with lawsuit, including our next guest ricky waters, thank you for coming up. we appreciate it. >> great to be here. gerri: before -- we're glad you are here, before we get into details of the suit. tell us a little bit about your life, you are 43 years old and retired what is it like? >> yeah, it is tough. pretty tough when your body fails on you, a little bit, and you start to you know not feel so super human any more. and also when you start to forget some things, and it is pretty tough, tough to stay in shape as well. because whether you work out it

hurts. it is tough. gerri: so you are living with pain every day. and looking back on your career, you say, look you were in he he harrisberg, pennsylvania, san francisco, philly, and seattle, you said there were many days you went out to the field with a concussion, and other injuries. >> i played since i was 7 years old, i have played a lot of games, as far as concussions, many. you know many concussions, i would say maybe 50 or maybe a hundred or more. we just saw it as getting your bell rung. and you take a smelling salt, and pop a capsule, and take a little you know, sniff ofa and you feel better you play again. gerri: we have an injury report from nfl, that shows 268 players suffered concussions over last 2 scenes, you talk about smelling salt, maybe that perked you up

for next couple hours, through long-term implications what are they? >> well, physicly i mean, i'm hurting from head to toe. i have 5 screws in my ankle, and in my foot, and high hand, and a metal plate around my femur, my leg, a cracked turn um, and franc -- sternum, they all come back to haunt you later, you feel them, there is something you to dee deal work when i wort it really consists of physical eithetherapy and rehab. gerri: his no idea. i had no idea it was that bad for the people who are retired. you are famous because there was one point where you put your health first, a famous moment, you were with philadelphia. and you famously said, i'm not

going to trip up there and get knocked out for who, for what, you stepped away, and did not take the hit. and how did that work out for you. >> well, i retracked that statement. right after because, you know i was mad. we lost the game, and it came out wrong. i didn't want the fans or my teammates to think, they know i'm a team player, i was the leader on the feel, off the field. and i want nothing more than to win the championship. and i was totally dedicated to winning the championship. but i wanted the fans to understand, when you play on this level, you have to be tough, no doubt, but you have to be smart, and use your instincts. my instincts told me that day to be careful. and the thing is, you have a split second to make that decision. and that decision could last your life. >> we're showing a bunch of pictures of you playing,

quickly. but, you know you file this suit, you are one of many, many, many, nfl players in the same situation you are. i know a lot of our viewers would ask, what you should take time to answer, is, didn't you know there were risks? and do you feel like it is your fault or nfl's or els helmet ma? who should take the responsibility. >> i don't know whose fault it is as far as that. it is not for me to figure that out, courts will figure it out, but i do know, that nfl making billions of dollars off of our blood, wet and tears, and our less sees, at least they could acknowledge when we play this game, we got disabled. you know we were you know we thought we were super men, no, we didn't know about it we thought we were super men, and we were told we were invincible from time we started playing

football. and we're not, the disabilities came from playing in the nfl, the least they could do is get us lifetime medical care, and lifetime insurance. gerri: all right. >> look after us a little bit. >> ricky, you are a great guy, a great family, great kids, great to see you again, thank you, we appreciate it thank you. >> thanks for having me. gerri: to come, my 2-cents more and housing markets, are you better off than you were 4 years ago, the answer, no. a new look at a new housing picture, next. 0t[h7

gerri: the american and homeowner those zero whopping 65 percent say they are worse off now. here to break it down, i dare and it flies in the face of conventional wisdom how do you put the numbers together for the study? would is overwhelming. >> >> we looked at by

different metrics in the housing market over 900 cownie is nationwide. housing prices and unemployment rates. foreclosures comet inventory and share of distress sales nationwide. and found 65 percent of the county's are worse than four years ago. gerri: so it is not just one thing? that is surprising. how can the results be so different with housing starts, homebuilder sentiment, price of existing homes, where is the disconnect? >> there are signs of life short-term over the last

year. home prices and housing starts and even foreclosures have been down at the five-year low. but looking back now vs. four years ago, long term we are not out of whole or as far as 2008 before the last presidential election. gerri: wow!. that is a shocker. you did your homework. but the details is different markets. help us understand. >> again this is long term but compared to four years ago, 35% of the county's

better doing better. it boils down to how they can respond to falling home prices and rising foreclosures. coastal california, orange county, san diego is better off. even wayne county in detroit has responded instead of delaying foreclosures they have allowed them to be processed and that process is faster. they are better off than four years ago. gerri: thank you for coming. we appreciate it. we will be right back. plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more

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gerri: i like those results. we're noo number one. we barely crack the top 10. recent survey the best country is to grow a business. we were 10 place. why low? despite the biggest economy from management consultant company says it's all politics. gridlock in washington washington, sluggish growth growth, regulation. rules, regulations, red tape are a big concern with obamacare and dodd frank. under president obama regulations have quadrupled in corporations have highest tax rate in the world. singapore