charles blow, joe watkins, stick around.e mitt romney's speech coming up shortly. >>> in the meantime, we could be in for some pain at the supermarket. mandy drury is here with what's moving your money. how much more can we expect to pay? >> possibly 2% to 3% more. really just depends because at this stage, it's anybody's guess what is going to happen with the drought, how long it lasts and how bad it gets. we do know this morning that the department of agriculture has cut its corn production forecast saying that farmers are expected to harvest about 12% less in terms of yields than from their estimate just a month ago. now the drought is really tearing through crops in portions of illinois and indiana in particular. it's reduced yields in other states as well. of course, lower supply, no brain science here. it means higher prices. higher food costs for us. so in terms of the supermarket, we're all going to see it and feel it. >> mandy drury, thanks so much. >>> again, big, big gathering of the naacp. the oldest civil rights

with us and says not only are the attacks effective but they are accurate while the strategist and joe watkinspresident is desperate to deflect from his own economic record, so we have both sides right here. governor rendell, it's good to see you again, how effective is it for the president to attack him on a strategy from years ago when it was prudent to outsource jobs and ring out costs, what was wrong with that? >> i think there is a combination of things. the american workers, whether it was prudent, they didn't like it, it hurt them and cost them jobs, and you also spoke of the willingness to remove the tax break on the corporations that outsource jobs and capital in foreign countries. >> is private equity a bad representation of capitalism in is country? >> no, it isn't, and remember private equity's job is to make money for it's investors. it's not as governor romney claimed to create jobs. private equity cannot outsource jobs. american workers don't like they. -- that's a legitimate inquiry by the american voters and the american's voters right to bring it up. >> is this an appropriate

. >> joining me now joe watkins and "the washington post" deputy national political editor ann corn bloom i have to apologize to make this clear. i'm going to be honest with you. i don't think people know where mitt romney stands on this. first for the record he said he technically did not agree on eric's first original take that this was a penalty. and then he fast forwarded that it's a tax. for clarification does mitt romney say this mandate is a penalty or a tax and why would it be different than what he adviser said on monday? >> advisers mean well. >> they're not paid to mean well. i'll have to call you out on that. >> call me out. >> let's scratch that out. >> he said it's tax. i think he made himself very, very clear when he gave that interview on cbs. >> why didn't he say that initially? first he didn't say it. why didn't he immediately come out and say eric has it wrong, he's a nice guy, but i never said it's a penalty, he means well. >> he's human. candidates are human. everything they do is not perfect. they make mistakes sometimes. he's rectified it. he's done on c bbs, he's r

. >> joining me now joe watkins and "the washington post" deputy national political editor ann corn bloome this clear. i'm going to be honest with you. i don't think people know where mitt romney stands on this. first for the record he said he technically did not agree on eric's first original take that this was a penalty. and then he fast forwarded that it's a tax. for clarification does mitt romney say this mandate is a penalty or a tax and why

and former white house aide joe watki watkins. going to give you the first take on the tweaking of the romney message. and in particular his turnaround skills. we need a turnaround. >> well, first of all, we may have the makings of a romney-kudlow ticket here if you have such strong views. he was here last night, maybe he'll come back and talk to you more. the big problem is when you look at the overall tax plan he's put forward, it cuts $900 billion out of the federal budget. if you're going to be honest with the public about a turnaround and what you're doing, you're not having human capital programs of any scale when you're cutting what amounts to one out of every four dollars in the budget. you can be a big cut ir. but you can't promise everything. that was a problem for mitt romney in massachusetts. you touched on that in your interview last night. he couldn't own up to he did sign a permanent assault weapons ban in 1994. i think it's a good thing. it concerns me on the economic policy and gun policy he can't keep a straight

joe watkins worked in the h.w.'s administration as a republican strategist on camera left and jimmy williams is a former senior adviser to senator dick durbin, and is a democratic strategist, and so many rich things, the texture -- no, just overnight, just i haven't mentioned this yet but former speaker pelosi, the minority leader. >> yes. >> was talking -- dp >> your favorite person. >> she was all over the tax issues, until someone said you got some interesting stuff going on with you and your husband. how about yours? now you saw what she said. >> the economy is what you're saying. >> out of the 35 members in congress that released tax returns that have been asked, 17, 17 members of congress, and then what we were just talking about off camera, jimmy, i said to you that the right track, wrong track thing, is the 8.2% is one thing. the unemployment, right track, wrong track, 32-62, a 30-point difference. that's problematic. >> this is the cbs/"new york times" poll? >> every day we see 32-63 but the "new york time