all of a sudden, larry lindsey was gone. was he fired? larry -- first of all, the assertion that larry was fired because of his prediction about how much the war would cost is just flat wrong. i have seen that in print all over the place. just flat wrong. it wasn't even -- he didn't say, that is what is going to cost. what he said was, if history is a guide, this is what a war of this nature has tended to cost. he was giving basically an academic history cancer. answer.ric it turned out to be controversial but that wasn't it. larry had the misfortune of trying to be the coordinator of economic team in the first couple years of the bush administration that resisted coordination. end of his first two years in office, president bush decided, new team. >> as long as we are on iraq, the general also said we are going to need more troops over there and all of a sudden, he was gone. was he fired? >> i wasn't privy to all of the details of that but my recollection was he was on the way out anyway. he certainly didn't endear himself to the civilian

as larry lindsey said. she's got a great resume.ics. clearly, janet yellen owes her seat to a real push by liberals in the senate. the president expects the fed to bail out the economy, even if fiscal policy is bad for growth. and back in the 1970s when richard nixen had burns on a tether, it led to inflation. that's my worry. in the end, the fed will stay too easy, too long, trying to help the economy when fiscal policy is so bad. and i think janet yellen would likely lead the fed in that direction, and that -- that worries me. whether she's qualified for the job, i'm not worried about that at all. >> yeah. >> what i'm worried about is the policies that she would follow. >> echoing what a lot of detractors will say during the confirmation hearings. christina, brian, thank you so much. >> thank you. >>> meantime, a big meeting for hewlett-packard kicking off. they're holding the analysts' meeting. meg whitman sure to be in the spotlight. jon fortt is following it and joins us in san jose with more. hey, jon. >> hey, carl. yeah, she'

i will quote when larry lindsey said, who was a major economic adviser to both bushs and reagan, i said, no, let's not put these people into homeownership. let's build rental housing for them. the record is very clear. the -- yes, there was a congressional failure to act. it was on the backs of the republicans. they controlled the congress from '95 to 2007. the record again is clear. when i became -- i became chairman-elect in november of 2006. hank paulson says in his book, i said to him, yes, i agree, we'll fix fannie mae and freddie mac and we passed one of the first bills under my chairmanship was to reform fannie mae and freddie mac. i agree, while i didn't see the overall housing crisis, the fact is when it came to putting poor people into low-income homes, i was one of the leading opponents of it. >> there's one thing everybody says about you, in business and the banking sector, that are you one of the smartest guys in the room. that you understand some of the complex securities that have been created, are still being used. so let me ask you this, what is your opinion of jpmorgan

lindsey learned cpr as a freshman in high school. because of his wife's near death experience laur;w> larry dolan now also learned the life-saving techniqueer installed, and she's doing well. >> what a story. >> thanks, bob, for that. that was great. >>> the blue angels will be back next year. good news for blue angels fans. the high-flying jets will rrn for fleet week. they had to cancel all their shows this year because of federal budget cuts, but the military found other areas to cut, so it could bring them back for 65 shows next year, including the weekend of october 11th in san francisco, so mark your calendars. that's in 2014. >> always a huge attraction. >> yes. and performance, and according to what we had outside, all the í%low-hanging clouds, probably wouldn't have been able to see anything. the temperatures starting to get nice out there. >> yeah, they are. qlpÑup, it's really cold outside, completely socked in with fog, and he then by the end of the day, what do you know, all those low clouds vanish. beautiful blue sky. we're already getting it right here in senole. san francisco, though, still plenty of low cloud cover linger