president a liar at all? welcome home, mr. walsh. and what is wrong with this picture? >> no! >> mike huckabee, one-time presidential candidate and full-time fox news contributor profiting from 9/11. we ask a firefighter who lost his son on that tragic day. moments ago, president obama signed into law a bill to raise the debt ceiling and stave off a historic default. and now the halls of congress are spilling out, and lawmakers heading home after a fractious race to reach an agreement. the senate signed off earlier this afternoon voting in favor of the measure by a count of 74-26. before the historic vote was cast, senate majority leader harry reid summed up what this fight may best be remembered for. >> the new senators and the new members of congress who came

here, i welcome them all, but a result of the tea party direction of this congress in the last few months has been very, very disconcerting and very, very unfair to the american people. >> and the bill then headed to the desk of the president for his signature, but not before he stepped to them cameras in the rose gardenb and said it is time to move on, and that there is so much more work to be done. >> when congress gets back from recess, i will urge them to immediately take some steps. bipartisan commonsense steps that will make a difference. it will create a climate where the businesses can hire, where folks have more money to have in their pockets to spend, and where people who are out of work can find good jobs. >> if the debt deal has been met with some glee among certain republican lawmakers they may want to lower expectations about how the deal will be received at home. a new poll from the pew

foundation shows that the public views the last few weeks of the debt debacle as an all-out disgrace and asked for a word to describe the debt debate, ridiculous tops the list, and followed by disgusting, stupid, frustrating and and terrible. and nobody comes out smelling like a rose, and this second one, a poll from cnn sums it up succinct succinctly, 77% of voters believe that lawmakers in washington behaved like spoiled children. and despite the deal, the market is giving it a cool reception, and the markets are taking a wallop this afternoon. i'm delighted to be joined by congressman charlie rangel. the president has not disguised his anger over this or his statement to the press earlier, a jound been there for 40 years, has this in your experience the most dysfunctional congress you

have ever worked in? >> without question. and it's due to people talking with each other. it is due to a cult that has come into the house and into a limited part into the senate that truly believes that you and i talking and disagreeing and reaching a conclusion that, that is a compromise and that is unpatriotic. and unfortunately, they are ready to jump off of the cliff and take you with them in order to make their point. so, it is not a sane discussion, and republicans who have been there are victims of it, too, as well as the democrats. >> and you are describing the 87 freshmen, these tea party members as a suicide cult, that is what you just said. >> they di-- i'm amazed how far

they were willing to go to take the great nation's fiscal credibility down the tube. and if you push them, it is not that they know what they are talking about, but they can explain their position in saying that this is not working. this is not the america that they were thinking about with the constitution. and we have to start all over again. that means a complete collapse. it means no more obama, which is their major fear to get rid of him, and it goes down the line as they think that some of us are just unworthy of op participating in this great society, and the fascinating thing is that this cult doesn't rely on hope and dreams, but it relies on meanness. i have got mine, jack, and don't you dare think that you have got to get resources from those who have made it in this great country. there is no dialogue, and to take the leader of the free world and embarrass him in front

of the international community, and not feel it themselves, and i don't care what party, that is our president. >> and the president has been critical of congress as i have said, but are you maybe a little bit disappointed over his leadership of this matter? >> well, disappointment is a vague term. you bet your life that most of us dreamed and hoped for more, but the president was mugged. and when you survive a mugging, you don't talk about what happened to the president, you say, hey, we survived, and thank god that this great country has survived. and the same way that these people came into office, because of the anger, and the frustration of america and kicked the democrats out, the congress only has a two-year contract, and comes 2012, we will see whether there is sanity involved in what we are doing.

>> and a final question, i repeat, how disappointed are you with the president in terms of his management of this issue? >> you may be too young to know henny youngman when asked, how is your wife, and he used to respond, compared to whom? so any time i get frustrated i look at the list of candidates and rush home and say, don't ever leave us president obama, don't ever leave us. >> thank you, charlie rangel. >> thank you, martin. and now or the latest on the historic vote we go the luke russert who covers capitol hill with us, and kristen welker sat the white house. and kristen, the president speaking a short time ago was highly critical of the congress saying that it should not be the risk of economic catastrophe for people to take action, and is there an abiding sense of annoyance of how tough this process has been at the white house? >> well, the word around here is

frustration. there is, martin, some annoyance with how this whole process has been handled, and president, himself, called it messy, and other people have called it an ugly process, but look, the white house is arguing that this is a good compromise, and that a crisis has been averted here and that the debt ceiling has been increased through the 2012 elections which is a good thing and what president obama had been fighting for all along so that the congress and the white house don't have to come back to renegotiate this debt ceiling issue in the middle of the campaign season. having that said, members of the president's own party are frustrated, martin, saying that the bill slashes government spending and putting the burden on the poor and the middle-class and does not increase taxes, so a lot of the frustration is going around right now, and a lot of the people are wanting to turn the page today, martin. >> indude. lu luke, you have followed this passage with the senate vote of 74-26, is that what you expected? >> it was, martin, and we spoke

earlier this morning to john cornyn, and chuck todd did and said how many to come along and he said 75 was his guess and they did almost hit that with 74. and number one kirsten gillibrand who is running for senator in new york voted no and joining her new york delegates in the house, and also the two senators from new jersey menendez and frank lautenberg saying no on that vote. so it went as expect and those three senators voting no made a stand for what they saw was a bad deal. every democrat you talk to absolutely hates this deal. it is referred to as a satan sandwich by senator cleaver, and the republicans are not liking it any better. >> and are the american people appalled by this process? >> well, i am sure that the

lawmakers will find out real quick in hot august and when they go back to the constituent meetings the folks who made the telephone calls will be engaged. up with thing that this taught us, martin, is that the american people once they know and understand an issue and once it has been explained properly, they are really much engaged in it and care about it. i suspect that you will have a few angry town hall meetings to members of both parties over this recess. >> kristen, the president is about to celebrate his 50th birthday, but i geuess recent experience has put a dampner on the celebration? >> well, the president will be traveling to chicago tomorrow for campaign fundraisers, and he is meeting with members of the space shuttle today, and so he is definitely trying to turn the page on this issue, and as i said, having said that, remember, there is that bipartisan committee that is being set up to renegotiate

entitlement reform, and renegotiate tax reform, and so that the president, and the members of congress are going to have to come back to the table and look at some of the big pressing issues once again, and you could say that there is a bit of am damper this week. >> thank you, kristen and luke. and coming up next, can i call you joe? palin takes a swing at the vice president from the safety of fox news of course. stay with us. [ female announcer ] it's time to raise the bar

and replace your old mayo with the full flavor of kraft mayo with olive oil. ♪ made with half the fat and calories of hellmann's real mayo... ...kraft mayo with olive oil is the new standard in mayo. over a million people have discovered how easy it is to use legalzoom for important legal documents. so start your business, protect your family, launch your dreams. at legalzoom.com we put the law on your side. launch you♪ reams. ♪ ♪ ♪ introducing purina one beyond a new food for your cat or dog.

pnc virtual wallet gathers your spending and saving in one place. credit and debit purchases, checks, bills, and other financial information. it lets you see the details as well as the big financial picture. so you can do more with your money. see what a complete view of your money can do for you at pncvirtualwallet.com. ♪ pnc bank. for the achiever in you.

while the debt ceiling debate has been the central focus as of late for most american politicians the presidential race also ticks on, an indeed, we are a week away from the all-important iowa straw poll and the gop potential

nominees are taking aim and making their voice heard. today, many are lashing out at vice president joe biden who reportedly likened the tea partiers to terrorists, and for his part vice president joe biden denied using that term, but that did not stop sarah palin last night. >> i guess it is more appalling to be called acting like terrorists today from the he who is second in command of the most powerful office in the world, and it is quite appalling and certainly proves how out of touch this white house is. >> she is appalled. nicolle wallace is a former senior adviser of the palin campaign, and novel of "18 acres" which is a novel i have just started reading, and sarah palin bitterly complains that her words are taken out of context and michele bachmann repeatedly complains when people point out her mistakes to

geography and so on, and yet when biden says anything, they jump on him, and is there not a little bit of hypocrisy here? >> well, i think that everybody is walking on the egg shells in washington, and i think that you will see a lot of prickly politicians, and that is the unfortunately the state of play in washington these days. i have to say that my understanding is that biden was repeating this term, so if i could cut him a little bit of the slack, and i understand that was the mood in the room, and what was interesting to me of that is that one political side's terrorists is the other side's freedom fighters, and the tea party caucus whether you agree with them or not had a role in this debate that is fascinating. they were the most transparent advocates of the most clear principles in the entire debate. i think that whatever you think of president obama, it was very difficult to ascertain where he stood in the debate, not so for the tea party members. they advocated a very clear position and

transparently, and at the end of the day, they had an indisputable impact of the outcome, and yet none of them voted for the bill. >> it is fascinatingch and mitt romney who is ostensibly the front-runner came in late to the debt ceiling discussion, and can you explain that? >> well, mitt romney is armed with the most impressive amount of knowledge on how the economy works. >> and business. >> and the silence was more mystifying than the weighing in yesterday, but the way i see it from a purely political standpoint and you have to look at anything that a candidate does as having politically incentivi incentivized is that he didn't gain anything weighing in yesterday after the minority leader, and mcconnell and boehner had taken all of the lashings from the right and the left and the media and done the hard work to make sure that this country did not default. it was an unfortunate time for mitt romney to weigh in. >> there are some suggestions that mitt romney and jon

huntsman have an adversarial competitorship both being mormons and running for republican nomination, and do you have a sense of that being true? >> well, i have not heard that, but i find them similar in temperament, and cool, and even-keeled professional men, and i would imagine that they don't share beer, because they are mormon, but sharing a soda pop together and having a lot the talk about, and they both have a lot of vast understanding of the global economy, so i find that surprising. >> okay. nicolle wallace, thank you for joining us this afternoon. next, we tackle some of the unfinished business left behind in washington. stay with us. while i was away e-trade's techno-magic --

thanks martha -- triggered my stop loss orders... saved me a pantload. [ crying ] oh great. every time i fly. my ears! swallow! [ male announcer ] upgrade to first class investing technology... at e-trade. you've been stuck in the garage, while my sneezing and my itchy eyes took refuge from the dust in here and the pollen outside. but with 24-hour zyrtec®, i get prescription strength relief from my worst allergy symptoms. it's the brand allergists recommend most. ♪ lily and i are back on the road again. where we belong. with zyrtec®, i can love the air®. there's another way to minimize litter box odor: purina tidy cats. our premium litters now work harder to help neutralize odors in multiple cat homes. purina tidy cats. keep your home smelling like home.

ask me. if you think even the best bed can only lie there... ask me what it's like... when my tempur-pedic moves... ...talk to someone who owns an adjustable version of the most highly recommended bed in america... ask me about my tempur advanced ergo. ask me about having all the right moves. these are real tempur-advanced ergo owners! find one for yourself. check out twitter. try your friends on facebook... see what they have to say...unedited. it goes up... ask me what it's like to get a massage ---any time you want. ...it goes down... ergo...nomics... ergo...nomics... tempur-pedic brand owners are more satisfied than owners of any traditional mattress brand. (in chinese) ask me why i never want to leave my ergo. ask me why i'm glad i didn't wait 'till i was

too old to enjoy this. start asking real owners. ask me how to make your first move... find out more about the tempur advanced ergo system! call the number on your screen for your free dvd and information kit. to find an authorized dealer near you, visit tempurpedic.com. tempur-pedic. the most highly recommended bed in america. president obama who will turn 50 on thursday appears to have finally the debt showdown

behind him, but before him is an economy badly in need of help and now a re-election campaign where the critics are insisting he is increasingly vulnerable and despite a prime time address and town hall address, and several closed door meetings, in the end, the president failed to get any new revenues and effectively pushed to the sidelines, but not so writes jonathan capehart and abc contributor and writer for the washington post, and he joins us now. hello, jonathan. >> hi, martin. >> he says that the bill does not correspond to the poll icie he believes in, and hasn't he also lost in appearance, because he is not looking like much of a leader, has he? >> well, if you are going to base your critique on the president by how many press conferences he has given or how much he's dealt with the optics of being a leader, then sure, the president will probably come up short. but the problem i had with sort

of the mean that was going around in washington is that somehow the president had creedcreed -- ceded the floor to congress, and the other side, and it is important for people to remember that dratic press conference a week ago friday night when the grand bargain blew up, the president went to the briefingm room, and he said, okay, that's it, i order congress to come up with a plan, and to show it to me. something that is balanced and so on. so, the idea that the president was pushed aside by speaker boehner or -- >> but, jonathan, jonathan, he didn't get any revenues. >> well, looking it is a negotiation one. >> he didn't get a cent. >> he didn't get a cent, and again, it is a knee goschation and compromises were made and more than anyone felt he should have, but as we talked about

over the last two weeks, the president was dealing and speaker boehner mind you, was dealing with a small minority within the republican conference that wasn't budging at all, and they were willing to pull the trigger on the american economy. and you know, quite frankly, the president didn't want to have that happen, and i think that he made the right decision. and also -- >> and we have had this talk of triangulation and the president being the only adult in the room seeking compromise, and that has been portrayed as something of an asset, but it is not hope and change, is it? >> well, no, it is not hope and change and remember that hope and change was on a campaign trail. hope and change has run up against governing time and time again in this barack obama's presidency. and i think that what we have to realize is that a lot of the promises made on the campaign trail may or may not happen once you get into the white house or into the hall of congress. you know, martin, once thing that we all have to keep in mind is that the debt deal is not the

end of a process, it is the beginning of a process. the nation is about to go through a series, ongoing series of conversations, and difficult conversations about what needs to happen in terms of debt, deficits and the trajectory of the country in terms of the spending. this is by no means the and. >> jonathan, do you think that therefore the target of his opposition is going to be the tea party? that he is actually going to focus on their vision for this country and much as charlie rangel, congressman rangel who was on the broadcast a few moments ago said that these people are the problem, and they don't negotiate, and they don't compromise, and they are the opposition. >> well, sure, martin, we saw it for the last couple of weeks, they are the opposition. half of the way that the president could not get any revenues or the speaker boehner could not follow through on the grand bargain is because the 87 freshmen were hell bent on saying no. and so, you know, i just think that as time goes on, and as we

go into the presidential campaign, they make a wonderful foil, the tea party, and quite frankly with the polls out showing that most of the american people wanted a balanced approach, the president has a winning hand here. >> and jonathan capehart of the washington post, thank you very much. >> thanks, martin. and next, is mike huckabee trying to turn a profit off of 9/11? the dad who lost his firefighter son on that terrible day joins us live. at exxon and mobil, we engineer smart gasoline that works at the molecular level to help your engine run more smoothly by helping remove deposits and cleaning up intake valves. so when you fill up at an exxon or mobil station, you can rest assured we help your engine run more smoothly while leaving behind cleaner emissions.

it's how we make gasoline work harder for you. exxon and mobil.

but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we have access to great specialists, and our pediatrician gets all the information. everyone works as a team. and i only need to talk to one person about her care. we're more than 78,000 people looking out for 70 million americans. that's health in numbers. unitedhealthcare. the tenth anniversary of the attacks of 9/11 is now just a month away and we have just learned that the president and the first lady will visit all three sites to commemorate the events of that day. here in manhattan, at the pentagon and shanksville,

pennsylvania. and we have learned that former presidential candidate and fox news anchor mike huckabee has decided it is a good time to sell a new cartoon depiction of what happened. take a look. >> no! ♪ >> who would do something like this? >> al qaeda is led by osama bin laden. >> the time for jihad is upon us. death to the americans. >> wow, look at the police and the firefighters. they are right into the middle of it. >> and what is this former pastor turned politician turned of the host hoping to gain from the cartoons of american history? well, he appeared today on the 700 club to explain. >> the newest one that is coming out really just in time of the

tenth anniversary of 9/11 is a history of 9/11 and what happened that day. you can go to learn our history.com and you know, get all of the details. the videos are like the first one is $9.95 and $11.95 after that, and a lot of things come with the first ones, gifts. >> and joining us is a firefighter who also lost his son, also a firefighter on 9/11. and what is your reaction to mike huckabee selling cartoon videos of an event that took your son's life. >> i think he has no shame at all. it is like blood money. i saw this video, and i mean, going out there to try to make money off of the bodies of dead people. i saw the video, and the video is should be done by educators and child psychiatrists and not done by politicians. they don't know what they are doing. >> mr. huckabee says it is a educational facility and

resource to teach young people history from an educational point of view? >> well, he is setting back the youth, and i have watched the video and that is not something that should be done and any professional would tell you that is a hor rib job. >> well, the truth is that a number of people have made movie, and oliver stone has made a movie, and paul greengrass has made a movie about flight 93, and how do those movies differ from this cartoon? >> well, it looks like the timing is right before 9/11 and he is trying to punctuate it and get money out of this, and that is what he is doing. rudy jougiuliani made $21 milli on speaking tours, and he had no shame at all, and they are making a living off of 9/11 and the horrible, and if you want to volunteer and do the right thing, do the right thing, but some of that money should go back to something else. >> we have tried to ascertain exactly where the money is going, and we don't as of yet and it does not as of yet be any contribution to charity of any kind, but if mr. huckabee is so

serious about educating young american kids about what happened on september 11th, why not become an edgeb kay or the and go to teacher training school and be a teacher? >> well, i saw the video and it is horrible and it sets us back. most of the people who sent us pictures were horrible about people jumping out of buildings and towers crashing, and we said it is not appropriate for these kids at this age, and we have to address, that and he is just trying to make money like a lot of other people have done. >> and promoting indeed this morning at 700 club he said the venture and the price and the money, and you heard that there and what would you like to see him do with the profits? h. >> i would like to see a scho r scholarship fund for the children, and the one that bill clinton ran, and they are not giving them the money. and i would like to see the

people not worry about college, and let them go to college and be educated and not the politicians, because they can't get the debt budget in time, and i would not want them teach mig children. >> so you have thrown down the gauntlet to mr. huckabee, that if if you make money from the cartoons, it should go to children of the victims of 9/11. >> yes, they should not be scrimping and saving, they are given $1,000, and this is not for the people to put back into their pocket, and that is blood money, and they will pay for it some day. >> and obviously, our thoughts are with you and your family. and obviously, the debt deal has been passed by the president, and obviously lawmakers are fleeing washington no doubt desperate for a break, but before they decline in the sunshine, they might want to look at the word cloud of the terms that people used to

describe the fight. stupid to take the top spot, and joe walsh is the case in point, because he has been spending the weeks playing the default game, and calling the president a liar and refusing to pass any such agreement. >> they are trying to scare the american people, and the president should know better. >> now, democratic controlled redistricting may force mr. walsh to face a republican primary challenger and not only that, but budge entry hardliner is facing charges that he owes over $100,000 in child support, so what kind of welcome home awaits him and his cohort? lynn sweet is the bureau chief for the "chicago sun-times" and delighted to say she joins us now. >> good afternoon. >> and mr. walsh is a stalwart of the tea party, but what kind of welcome will he get when he gets home? >> well, he will find out soon, because later this week, he is going to do a blizzard of town

hall meetings. i talked to his office today, and he plans ten meetings in ten days, and doing at a lot of the town hall meetings and not the tele-town hall meetings that some of his constituents run. and he will find that those reactions from his district will be telling. i can't say what they will be, but certainly, as you know, he has, his profile has soared in the debt debate. >> it has, and he has been appearing on this show regularly and many others. but a new cnn poll says that 77% of americans believe that congress behaved like spoiled children in the fight. only 11% say we have responsible adult leadership and how much of the responsibility for that do you pin on the tea party freshm freshmen? >> well, i think that -- you know, the pluses they were able to connect the issues and made the linkage and used the

leverage of the debt ceiling for cuts, but this the end, and this is what i am trying to report on and figure out, at a certain point after you fulfill your pledges and vote a certain way or you try your best, you are sent to the house to govern, and that is where sometimes you have to compromise if you want to get something done or in the end you may or may just find yourself marginalized and we will see how it plays out in the future, and you saw here in the end, martin, that the bipartisan deal that was carved out was done in the roll calls were done without needing the tea party votes, and that is not what you want is marginalized so you don't have a say in the matter. >> mr. walsh was remarkably absolutist and doing mat-- dogmatic, and he bare cli scraped to get the votes in his district, did he? >> well, it was a fluke, because of a third-party candidate and he went through a republican primary that he got through, and

he is seen locally as somebody who did come out of nowhere to win which is why there is so much attention now being put on him, because he has not been a known political figure, and he ran a few times for office before he won in november 2010. so illinois and the chicago area is still getting to know him. >> and now given that he may not even have a seat to fight at the next election, do you expect that he may well appear as a larger than life figure on a talk show of some kind on a particular television network perhaps? >> well, first, he will have a place to run from. he just will probably face a republican primary, and that will probably be a brouhaha well, he has carved out a personality and i would not be surprised if people who often don't win re-election have found places as talk show hosts or paid pundits, you know. i think that right now he told

me he is planning to run for re-election, so i don't know if he is thinking of the immediate future, because he is going to try and win. the democrats tried to make the new math as unattractive for republicans as possible in illinois, but there is turf he could run from and easier in some ways for him to face an ill-funded republican than a well-funded democrat. >> i think he will be on a radio show soon. lynn sweet, bureau chief for the "chicago sun-times." >> thank you. >> and no doubt our reports will provoke a reaction from you, our viewer, and we invite you to weigh in at twitter at the bashirlive. and also on facebook. coming up, sarah palin's undefeated defeated. stay with us. [ male announcer ] this is coach parker... whose non-stop day starts with back pain...

and a choice. take advil now and maybe up to four in a day. or choose aleve and two pills for a day free of pain. way to go, coach. ♪ he needs some gellin'. yeahhhhhhh. gellin' is like having a teeny tiny foot masseuse in your shoe. you like ? nice ! dr. scholl's massaging gel insoles. outrageous comfort, all-day long.

welcome back. my colleague milissa rehberger is in the newsroom with stories developing right now. hi, milissa. >> well, we are keeping an eye on tropical storm emily. south florida could be in for a tropical storm and heavy wind as emily moves across. right now she is near puerto rico and the dominican republic and haiti are expected to be slammed with winds as well. martin, back to you. >> thank you. and next, sarah palin's box office mojo may show she is not quite ready for a run to the white house yet. [ man ] behind every business is a "what if." what if we designed an electric motorcycle? what if we turned trash into surfboards? whatever your what if is, the new sprint biz 360 has custom solutions to make it happen, including mobile payment processing, instant hot spots,

and 4g devices like the motorola photon. so let's all keep asking the big what ifs. sprint business specialists can help you find the answers. sprint. america's favorite 4g network. trouble hearing on the phone? visit sprintrelay.com.

i'm brad goode with the cnbc market wrap. if you are wondering how the stocks are today, you may not

want to look. the dow is down 225 points and down 28 at the s&p, and 64 at the nasdaq. plenty of uncertainty out there caused americans to cut spending in june for the first time in two years and barely growing incomes and gas prices an unemployment squeezed household budgets and put a brake on the overall economic growth. and ford is recalling 1 million trucks saying that metal straps that hold the metal gas tanks in place could rupture and fall and causing the gas and the tok catch on fire. injuries have been reported already. and the debt deal is done and i don't care which is the attitude of the wall street with the dow falling very fast at the moment for the eighth straight day. an investors responding to more signs of weakness in the u.s. economy, so what does an end to

the deficit impasse mean to the struggling economist? peter morici is with us today. >> glad to be here. >> and the markets have not responded well to the uncertainty over the debt fight, and yet now that the matter is resolved, it has dropped 225 on the dau, and well, back to 217 now, and 63 on the nasdaq. can you explain that? >> well, the debt ceiling thing was a false crisis and now that it is behind us, the market is focused very much on the fundamentals, and most of the data that we are getting now for about two months indicates that the economy is entering a recession yet again. i can't say that with any certainty, because the economists never can, but the data is miserable whether it is jobs creation or durable goods ordered. all of the manufacturing reports are sour. >> and double-dip recession is really what you think? >> well, it is a real possible. afterall, look at the retail

sales, because they are hardly keeping up with inflation. the recent gdp report showed weakness in the consumer sector which is 3/4 of the economy, and the higher energy prices are a terrible tax. it is a very difficult situation. >> how does the president address this, because as you probably heard, he came out on to lawn at the white house just a couple of hours ago and talked about his relief that the matter was resolved and now they could get on with job creation, and that they could get on with improving the state of the american economy, and the condition of most people's states, financially, and economically, but what can he do? >> well, i think that the president is well aware that the trade deficit, in particular the trade deficit with china and on oil are huge drags on the u.s. economy, and when money leaves to be spent on those products and does not come back the buy the u.s. exports, it does not create jobs in america. he is well aware of it, and he is going to have to do things that he does not like and upset

the left further to address them. for example, he is going to have to take on china with substantive actions to resolve the impasse with regard to exchange rates, and he is going to have to boost domestic energy. you know, we have been following a policy of reducing production here, but it does not do the environment any good, because we shift the production to the developing countries, and it is not like we use less gasoline, and both of those things are things that he could do that don't require public spending, but they are stymied. >> and is isn't the president stymied by the fact that the chinese have currency they won't open up to other market currencies. >> absolutely a difficult situation, but there are things that we can do. they are artificially suspending their currency by spending the one-third of their value of exports by buying bonds to keep it low. we could put transaction rates as it relates to investments

abroad and have the same effect as a revaluation by china, but people would label him a protectionist for doing that when he wouldn't be. which protection icht is what china's doing. with oil, we could start -- i hate to say this -- developing domestic resources much more aggressively than we have. regulate the hazards better than in developing countries but that is not going to be popular with his base. >> the jobs reports. expecting a report friday. do you see unemployment coming down from the 9.2% it's at? >> no. a danger of it rises. we see jobs created, we need about 130,000 to be even. >> thanks for joining us this afternoon, peter more reici. >> you're welcome. the new sarah palin film may be called "the undefeated" but it's apparently not living up to its name.

after a dismal showing, it's headed to pay per view after just two week. revenues are down 63% with the film earning just over $5,000 this past weekend. for the few who have seen it, reviews have been mixed. with some 48% grading it with an a, while another 49% have given it an f, the lowest grade possible. is the palin train losing its steam? "in-touch weekly," joining us. >> good afternoon. >> what do you think of this film? what does it tell us about sarah palin's brand at this point in time? >> well, it's interesting. you just shows that, about 50% give it an a. about 50% an f. that's kind of like sarah palin. either you love her or you love to hate her. interesting, if you read the headlines about the film. it's either considered a remarkable success on opening weekend or a mediocre success on

opening weekend. i mean, it just shows the gamut of hour people react to her and what people think of her. you mentioned, it made about $6,500 per screen on that first weekend, and then in total i think box office mojo, about $112,000 so far after being open. it didn't drop, 65,000, then 24,000 and down to 5,000 the next weekend. >> not a blockbuster. in comparison, yore documentary as the hip hol group, "a tribe called quest" made its debut. if you look at numbers, there's really no comparison. the total domestic gross so far for the hip-hop movie, nearly 800,000. the palin movie, just over 100,000. what's going on? >> yeah, exactly. look, you have to look at political documentaries. did this stack up to fahrenheit 9/11? no, or any of michael mokchael

film, definitely not. you can tune into talk radio or cable news and get the same message they're getting. this was definitely a documentary that played to the faithful, played to her base. it wasn't necessarily meant to play to independents. and i think that's what you're seeing. you mentioned, it now is going to dvd. it's going to be on pay per view. video on demand nap will reach out to 75 million homes starting september 1st, and that and timing might be interesting. that could be right around the time where we find out if sarah palin is sgg to be running for president. that might tell people a lot in terms of how many people show up or tune in to get the video on demand around that time. >> but there's certainly a pattern of decline here? in there? her first book was very successful but the subsequent books didn't so so well. this documentary, which hasn't done very well, after an acclaimed series of reality shows. it looks as though, certainly from a merchandise dizing point of view, her star may be

falling. >> that we'll see. that will be something that time will only tell. the reality show, you're right. debuted to record ratings on tlc and declined as time went along, though people keep counting sarah palin out and she keeps coming back, whether with a reality show a book or movie. this, people will be tuning in and waiting to see what happens come september. there were definitely other things going on. casey anthony usurped all the pop culture chat nert news right around had this film opened. usually sarah palin can say something, it generates controversy. people either love her or defend her on hate her and despise her no matter what she does. this film didn't have the controversy around it and maybe it needed a little more of that. maybe they would have driven more people to the theater. >> thank you for your analysis. we'll be right back. >> thanks. ♪

yes! ha ha! [ clicking ] ♪ what happened? power went out, want a hot dog? [ female announcer ] oscar mayer selects are made with 100% beef and have no artificial preservatives. [ female announcer ] oscar mayer selects are made with 100% beef man: be kind to your eyes with transitions lenses. transitions adapt to changing light so you see your whole day comfortably and conveniently

while protecting your eyes from the sun. ask your eyecare professional which transitions lenses are right for you. woman: discover the protection, comfort and convenience of transitions lenses for the entire family at transitions.com/walmart or visit a walmart vision center today. plus the choice of every etf, 5-star research, and unmatched trading tools. there's price. there's value. don't confuse the two. e-trade. investing unleashed. excuse me? my grandfather was born in this village. [ automated voice speaks foreign language ] [ male announcer ] in here, everyone speaks the same language. ♪ in here, forklifts drive themselves. no, he doesn't have it. yeah, we'll look on that. [ male announcer ] in here, friends leave you messages written in the air. that's it right there. [ male announcer ] it's the at&t network.

and what's possible in here is almost impossible to say. all your important legal matters in just minutes. now it's quicker and easier for you to start your business... protect your family... and launch your dreams. at legalzoom.com we put the law on your side. and launch your dreams. diabetes testing? it's all the same. nothing changes. then try this. freestyle lite® blood glucose test strip. sure, but it's not gonna-- [beep] wow. yep, that's the patented freestyle zipwik™ design. did it just-- [both] target the blood? yeah, drew it right in. the test starts fast. you need just a third the blood of one touch.® that is different. so freestyle lite test strips make testing... easy? easy. great. call or click-- we'll send you strips and a meter, free. free is good. freestyle lite test strips. call or click today. it's time now to "clear the air." a miracle in congress on monday,

something most of us were too cautious to ever imagine would come to pass. not talking about the vote by 269-161 in favor of raising the debt ceiling. no. the miracle in the congress is the presence of gabby giffords. there before our very eyes was woman who just seven months ago had been shot in the head as she tried to meet the constituents that she served with such distinction in the eighth congressional district of arizona. and it wasn't long before the entire chamber realized she was there and erupted with spontaneous applause and rejoicing. they were celebrating a number of remarkable facts. that here in america we have the world's finest neurosurgeons, medical researchers, nursing staffs and rehabilitation experts. not always the best paid but they display a level of selflessness and commitment to others that is the very essence of virtue. most of all the house was celebrating the strength, courage and determination that

is driven gabby gifts recovery. as her husband said some months ago she's had to learn about life as if for the first time. in many ways, she lost her life seven months ago, but just look how she's regained it. gabby giffords is a powerful reminder of what public service really means. it means to lose one's self for the sake of others. there is something profound about the calling of public service that seems to be quickly forgotten as politicians settle into their d.c.s ors or are wined and dined by lobbyists and enjoy the new-found stardom that comes with appearances on television. they can easily begin to believe that it's all about them. but the gospel writer matthew puts it so perfectly when he says, for whosoever would save his life shall lose it. but whosoever shall lose his life for my sake shall find it. gabby giffords is the exale