jeff johnson, do you believe in miracles?y use hockey to do well in this iowa straw poll? >> quickly? an ad like that to me i don't think sends confidence, sends desperation. in my eyes, in gender, one, the poll numbers don't support it and, two, i don't think he's in a position to say he will create a miracle. the u.s. hockey team had skill. i think there's something he's lacking within the campaign that allows him to create that kind of miracle and feels force. >> stay here. we'll talk debt. trivia time, who was the last democratic incumbent congressman to lose re-election in california? the answer was gary condit. in 2002, condit lost the democratic primary by a wide margin to dennis cardoza, in the missed of the chandra levy investigation. [ man ] i got this new citi thankyou card and started earning loads of points. you got a weather balloon with points? yes i did. [ man ] points i could use for just about anything. ♪ ♪ there it is. [ man ] so i used mine to get a whole new perspective. ♪ [ male announcer ] the new citi

joining me now, jeff johnson. good morning, jeff. >> hey, chris. >> i looked at those numbers. even though i knew obviously about the wealth gap, i found them to be astonishing. how did we get here? >> i think one of the things we don't see is we're not talking about the historical implications. clearly the recession hurt everything. when you begin to look at white families in particular there's a great deal more of generational wealth that's passed down. you look at the asian numbers in particular, because the median health was higher than whites. you get the sense these are first or second generation folks coming to this country, building businesses, but don't have the economic foundation of generational wealth that many whites have. >> do you think, though, that given these numbers there are political implications for 2012? >> well, sure, i think there are political implications, because the country is looking to be able to get back some of the wealth they lost, so clearly it's an issue for the entire country, but i think it's been an issue, so job create will be clear, the

ron johnson began this last week. kelly and jeff and kay bailey hutchison and roger and a lot of folks have been involved in getting us where we are. i've been in business 33 years. you made me do the math. [laughter] one of the things that's frustrating about being in a place like the u.s. senate, typically when you have an ox in business, you focus on that, you don't go off on a tangent that is unrelated to the issue at hand. america is fiddling while we have congress -- or rather congress is fiddling while america has this problem. libya, the house has already voted down this resolution. it was a filler. some republican senators had to defer on an issue that they felt was very important, meaning libya, to agree and consolidated on the idea that this is the number one threat to our country, the debt issue. i'm glad we were able to do this. i do hope we will focus on the things that actually have something to do with the budget. 797 days since we have had a budget in the senate. we have not had one brought to the floor this year. w

jeff, the instructor did really well on that obstacle course. wouldn't do as well and probably hit a lot more cones. reporting live, sherrie johnson, abc2 news. >> we need to get the camera rolling and have her go through that. >> do it. >>> all right. he is credited with changing the way the national football league was played. more importantly, he was known as loving the city. >>> coming up, -- >> coming, we remember the hall of famer john mackey. >>> one of the royals coming to the states. the importance of the visit to the golden state. . >>> i walked two miles through a cornfield, let's play football. >> you want to see the parody stars ray lewis and a teen heart throb. we will talk about this -- heart throb. we will talk about this but first up to new york with the latest business news happening right now. >> reporter: good morning. topping america's monde the -- money, the administration is cutting the number of foreclosures extending the length of the period during which unemployed homeowners can miss their mortgage payments. big pickup trucks are not selling. instead they are sitting on dealer lots and now there's concern

jeff gordon -- how big is that team? >> well, we -- >> jimmy: how big is your team? >> i mean, our organization, we have four teams -- jimmie johnsoncars. there's probably 60 dedicated to just our team. >> jimmy: and gosh, i mean, you have the most loyal fans on the face of the earth. >> i think the guy from alabama actually -- >> jimmy: yeah, yeah, yeah. you brought him with you? yeah, yeah. thanks so much. i knew something was up. i went to a couple nascar events and you just see these people. i mean, just like -- it's the most fun thing. if you've never done nascar. i mean, a lot of new yorkers probably don't know it as much, but go out and try it because it's the most amazing -- it's almost like going to lollapalooza or something. [ light laughter ] >> yeah, it is really like a cult following, you know, and every weekend hundreds of thousands of people there. >> jimmy: and even if the race isn't remotely in town. >> oh yeah. >> jimmy: there's tents and rvs and there's like people hanging around. >> the rv world loves our sport. >> jimmy: yeah. [ laughter ] >> and then the locals that are, you know, chopping wood for the fires a

cbs news correspondent whit johnson is on capitol hill with an example of that. whit, good morning. >> reporter: jeffan's second district you probably don't know much about congressman bill huizenga. he now has an unexpected political power. >> it's been an active day? >> active, productive. >> reporter: with his 13-year-old song garrett visiting from michigan, he doesn't have a minute to catch his breath. >> i think everybody's looking for details, and we don't have them yet. >> reporter: and there's little time for family as his effort to avoid a government default has become a high-paced workout. >> thank you for your call. >> reporter: while his staffers man the increasingly busy phones -- >> we are certainly getting calls from both directions. >> reporter: he's chatting with constituents online. >> concerns for the district. >> reporter: and in person who are asking about what else, the debt ceiling. >> what are we going to see on august 2? >> first of all, good question. >> reporter: with no time to waste he enters more meetings with the republican caucus still undecided on whether he'll break

ron johnson, as was mentioned, began this last week and kelly and jeff and kay bailey hutchison and roger wicker have been involved in getting where we are. i haven't done the math. i have been in business for 33 years. you made me do the math just because you mentioned it, but one of the things that's frustrating in being in a place like the united states senate, typically when you have an ox in the ditch in business you focus on that. you don't go off on a tangent that is unrelated to the issue at hand. as ron mentioned, congress is settling while america has this huge problem. to take up libya, which is an important topic, but all of us know no matter what we did on libya wasn't going to affect what happened in libya. the house has already voted down this recommendation. again, it was a filler. and i know what we have said it and did it in a unified way and i might add some republican senators had to defer on an issue on an issue they felt was important, and agree consolidate around the area that, as has been said by our national security advisers, the number one threat to our country