. >> hindsight, though, being 20/20.te some time the white house has said the president has a very full plate and he would not take the time to get to copenhagen having to send the first lady and oprah winfrey there to support her bid. hindsight, again, being 20/20, do you think it was a smart move to send him? >> absolutely. this president is going to go anywhere he can to promote this country, to try and bring good things back to this country. the fact is that he left at 7:00 last night and he'll be back in an hour or two, so it isn't exactly like he was gone very long. we trumicated the trip so he didn't miss time back home. i have no regrets and i know he doesn't. >> david, this being a very political town many critics say it was a wasted effort and that, in essence, this is a referendum on barack obama and by extension, america. what do you say to those critics? >> well, i don't think that's true and i think the world leaders would not concur in that. the criticism is part of this job. if you can't take it, you shou

>> that's obviously a judgment question and in hindsight an ill-advised decision. it gives them permission to all three leads, but obviously it doesn't seem like it was a good call. all three are now back and hopefully lesson learned. >> to chief frank cooper, what about it? >> that's a question that will be asked as we complete our investigation. one thing we can't say enough about, we activated the child missing program last night. a phone system that calls residents in the neighborhood and lets them know the children are missing and gives a description. that helps to develop leads and that's a great system. we appreciate you getting the word out. folks don't forget about the victims as long as they have a voice. >> chief, i appreciate that and god bless the children and chief, thank you for what you and your force did in finding these children alive. everyone, let's stop and remember air force senior airman aft on goodman. our family's third generation female to serve in afghanistan where she mentored local women. she loved writing, social development, photograp

now, in hindsight i think the parents -- what parents need to understand is that time is the enemy in all of these cases. 74% of children that are murdered as a result of an abduction are murdered within the first three hours. therefore, it's incumbent upon them to know who their kids' friends are, to know the routes that they use, and to make that search very, very quickly. and if they don't recover the kids very quickly, then get a hold of law enforcement and let them do what the chief and his people did so well, which is go out, find the kids. as the chief said, they could have found them at the carnival and resolved this much more quickly and resolve these things and bring these happy endings along. now, i would also suggest that if parents are going to send three young children like that out for a walk the 13-year-old should have an open, on cell phoneopen, on cell phone for all of the reasons we've spoken about earlier and so the parents can call them and say, where are you, should it get too dark. >> chief hooper, chief frank hooper is joining us. chief hooper, why is the 13-ye

relationship between the united states and the people's republic of china with the benefit historical hindsightthat looks like a turning point of the second half of the 20th century. i have written recently about that relationship becoming a some biotic one. i coined the phrase chimerica to what seemed like a fusion between the two economies but i wonder whether that fusion is beginning to disintegrate and whether we are entering a new phase in relations between china and america in which a degree of strategic rivalry begins to take over from common economic interest, partly and simply because we are no longer such an attractive customer but partly because they are becoming more and more an economic equal to the united states. if anything poses a real historic challenge to the united states today it is the fact that within a relatively short space of time, some say as soon as the 2020's china will be as large economically as the united states, something that never happened in the cold war foe of the soviets durham of it. tellus your vision of the future relationship between the united states an

this is sort of 20/20 hindsight. >> in the fed, they didn't, but outside of the fed, free market economistsat's exactly what they were doing. certainly, "the wall street journal" editorial board. you had many financial institutions and free market economists that pointed this out at the time, including the london economists. i remember reading the editorials back then of what the likely consequences would be. my hope is that the fed learns from this mistake and in the future, won't replicate. >> can you give us an update on this legislation? as we hear this hearing and go through the weeds of financial reform here, is there actual legislation that you feel is on track here to become law sometime in the near future? >> we haven't seen the chairman's mark on it yet. but as you can tell, there's still a great deal of acrimony and dissension. >> doesn't seem like we're getting any closer here. the legislation submitted a bill and now, it's been in congress. it doesn't feel like it's coming together. >> and there are real differences of opinion. to go back for a moment on the one issue i discuss

recession will be seen as having ended by now, when economists finally look back on this with 20/20 hindsight but it is common for unemployment to continue to rise even after a recovery is begun. what seems to be happening higher and the stimulus is done so far very little to stem that, if anything and the nature of it is, and this size of it is such, that -- amount of debt incurred is so great, that the stimulus now acts as a drag on the economy going forward. so, in addition to all of the other problems with it, it is -- the stimulus now is a burden on the economy instead of being a help and my sense is, that what we are seeing is chickens are coming home to roost on one of the worst things congress has ever done. >> bret: no political appetite for a second bite at the andal. >> i hope not. >> bret: health care, the speech of saturday the president linked creating jobs to his health care overhaul. and mara, do you think that this bill, that is coming out of the senate finance committee that does not have a government run option, public option, will be what drives the day or will it somehow

recession will be seen as having ended by now when economists finally look back on this with full 20/20 hindsight, but it is very common in recessions for unemployment to continue to rise even after recovery has begun. that seems to be what's happening here. the stimulus s done so far very little to stem that, if anything. and the nature of it is and the size of it is such and the amount of debt incurred is so great that the stimulus now acts as a drag on the economy going forward. so in addition to all the other problems with it, this thing, the stimulus is a burden on the economy instead of being a help to it. and my sense about it is that what we're seeing here is chickens are coming home to roost on one of the worst things congress has ever done. >> no political appetite for a second bite at that apple. >> i hope not. >> on health care, on that speech on saturday, the president linked creating jobs to his health care overhaul. mara, do you think that this bill that's coming out of the senate finance committee that does not have a government-run opg, a public option, will be what drives the da

>> that's obviously a judgment question and in hindsight an ill-advised decision.hree leads, but obviously it doesn't seem like it was a good call. all three are now back and hopefully lesson learned. >> to chief frank cooper, what about it? >> that's a question that will be asked as we complete our investigation. one thing we can't say enough about, we activated the child missing program last night. a phone system that calls residents in the neighborhood and lets them know the children are missing and gives a description. that helps to develop leads and that's a great system. we appreciate you getting the word out. folks don't forget about the victims as long as they have a voice. >> chief, i appreciate that and god bless the children and chief, thank you for what you and your force did in finding these children alive. everyone, let's stop and remember air force senior airman aft on goodman. our family's third generation female to serve in afghanistan where she mentored local women. she loved writing, social development, photography, animals and dreamed of being a

sort of the culmination of a series of events, that are now becoming more and more clear, and in hindsightf course goes to denmark, to talk to the olympic panel, and, while he's there, he has a 25 minute meeting with our commander in afghanistan. general mccountriesal, whom obama himself appointed to the position, and to carry out a new strategy, and, one of the things that came out, during the last couple of weeks, is that mcchrystal and obama have only spoken once, since obama appointed him, and, meanwhile, mcchrystal was out there trying to make the case to the president, and to the white house, about the need to change the strategy to resource it, as they call it in the military and make it work, saying, if you don't you are going to lose the war. you have sort of a -- anonymous quotes from the white house pushing back on mcchrystal. meanwhile the president, to my knowledge, has never been to afghanistan. and yet he can go to denmark, to pitch for the olympics. now, i don't mind him going to make the pitch for the olympics but i think he can't do it if he can't find the time for afghan

but in hindsight, it's also a breakthrough. >> you're starting to be able to say to yourself, i didn'tsh. there's a closet full of clothes. >> reporter: this is rodeo drive. >> yes. >> reporter: beverly hills. is it hard for you to walk by all this and not go inside? >> absolutely. you know, for me, walking by and looking at something like that and not going in is like a punishment. >> reporter: i'm sorry. >> but it's a growing thing. >> reporter: eventually, dr. sophy says ginger will be able to shop like we all do. for groceries or sox and underwear. and as part of her treatment, she needs to purge. >> this is -- >> oh, my gosh. >> this is the progress. >> you can really see -- you can park your car in here. >> there's not 50 bundles of clothes and clothes hanging out of the closets. >> reporter: ginger admits she has progress to make. but says she's over the hump and moving forward. >> the journey back to ginger has been a bumpy road. it's been a really bumpy road. but i'm liking who i see more and more, every day. >> so happy to report that she's really working on this. she's findi

in hindsight i'm going to tell you the whole family is delusional. they follow cindy's lead. makes up a lie, and the next thing is everybody's following it. and the reason they don't bring kronk into the middle of this whole thing is because they are afraid what they might have to reveal as what was overheard by kronk, what kronk knows, how he got his information where the body was, and jose baez, himself, is concerned about that. he cannot say, well, this is what happened. casey told me the body was at such and such a place and somehow kronk got that information because it was overheard by somebody in the jail. so -- >> patricia saunders -- they're all delusional. >> all right. got your point. thank you. patricia saunders, we've got just a few seconds. but everyone is protecting casey anthony. who's protecting caylee tonight? >> the prosecution is protecting her. >> all right. and tonight we now have "cnn heroes." >> this is "cnn heroes." >> hello. i'm john legend. during last year's "cnn heroes: an all-star tribute" i had the honor of performing and helping to recognize the

in hindsight i'm going to tell you the whole family is delusional. they follow cindy's lead. makes up a lie, and the next thing is everybody's following it. and the reason they don't bring kronk into the middle of this whole thing is because they are afraid what they might have to reveal as what was overheard by kronk, what kronk knows, how he got his information where the body was, and jose baez, himself, is concerned about that. he cannot say, well, this is what happened. casey told me the body was at such and such a place and somehow kronk got that information because it was overheard by somebody in the jail. so -- >> patricia saunders -- they're all delusional. >> all right. got your point. thank you. patricia saunders, we've got just a few seconds. but everyone is protecting casey anthony. who's protecting caylee tonight? >> the prosecution is protecting her. >> all right. and tonight we now have "cnn heroes." >> this is "cnn heroes." >> hello. i'm john legend. during last year's "cnn heroes: an all-star tribute" i had the honor of performing and helping to recognize the

. >> isn't it something that's a lot easier to look in hindsight and figure out what's happening.realize the decisions we're making in the course of days people were working for 72 hours on end without sleep. it's easier to look now and say here is where we maybe could have done better, correct? >> absolutely. that's part of why we were created, to look back and see where mistakes made. it's an important lesson to learn. for better or worse, there will be new bailout programs and rescues in the history of our country. it's important to look back and learn from these lessons. one of the key ones we learned from this, transparency, being honest with the american people is important not just for the sake of transparency but the long-term unintended negative consequences that come when we're not honest, not forthcoming. the bottom line is american people saw very shortly thereafter these weren't all healthy institutions. lending didn't increase. so that hurt the credibility of the program. i think a lot of the unpopularity of the t.a.r.p. and criticisms of treasury can be remedied, ma

with the benefit of hindsight, he got caught in the middle of a few things, bad pr. >> merrill lynchlready contributed. so has countrywide contributed. they are contributing now. bank of america has made -- >> why stepping down without any clear succession plan. he goes on vacation, comes back and surprises all of you and says, you know, what i said i was going to stick around but i'm not. >> i think he had an opportunity to reflect on where he was in his life and career and came back and made that decision. look, there are many capable people, men and women at bank of america that i have lots of confidence in. i think this will be an orderly succession plan. he's going to be there until the end of the year. he'll be at his post today. so i'm convinced that under the leadership of our chairman walter, who is unflappable, it will be a good process. >> what are the qualities of the next person? >> i think there's some quality that ken lewis has that you would want to see in the next successor. >> grit, competitiveness. core values of bank of america are very, very soft. very soft. unde