mr. boehner is, too. the speech this week did not indicate too many thoughts about the future, much more centered i think upon the rather poll rised political situation currently, and i don't excuse anybody necessarily, but i would say many people in the country are hopeful if we do have republican majorities we will also have some republican ideas and programs and be able to articulate those. i'm among those who feel that's important and so we'll continue to work with senator mcconnell, at least in our party, to do that. >> you also mentioned the possibility of mitch daniel putting his hat in the ring for president. i wonder if you've heard from him. >> well, i've had a good conversation with him in indiana just a week or so ago, and he has made no commitment and this will not be the time in which we make an announcement that he will need to make at some point. i have encouraged him to run. i think that he would be an outstanding candidate and a great president. but he will have to make that decision him

mr. boehner rightly said that we needed deficit reduction plan. he sadly wrong -- he said that this runs the risk of causing the damaging spike in interest rates that would cripple job creation. so how is it that in that very same speech, he proposes to do what would be a $680 billion blowout in --: the deficit over the next 10 years? that was send a terrible signal the united states is fiscally reckless, and we've not done our economic house in order. in the longer-term that debt will limit our economic growth. but apparently the republican leader and his colleagues are willing to risk our future economic growth in order to permanently extend that portion of the bush tax cut but does to the wealthiest 2% in our country. the non-partisan tax policy center estimates the 96% of that $680 billion will go to the 923,000 households that make over $500,000 a year. and under that plan, next year households making over $1 million would receive an average tax cut of $103,000. the notion that we need to permanently extend these deficits-busting tax cuts for

mr. boehner is nostalgic for those good ole days, but the american people are not. >> and another bleak economiceport today. the national association of realtors says sales of previously owned homes in ju fell more than 27% to the lowes level in 15 years. the housing market has struggled since tax cdits expired on april 30th. >> the u.s. department o employee shirley sharod said she will not being taking the new position with the department. she resigned under pressure last month after a conservative blogger posted on the internet an edited version of a speech she gav she is not ready to acce his offer to return. >> i think i can be helpful to him and the department if i just take little break and look at how i can be more helpful in the future. >> she was offered a job in the office of advocacy and outreach for work in the civil rights area. she did agree to work with the agency as a consultant. >> we're going to check in with mike yet. any triple digits yet? >> not yet. but it will be probably around 1:00 and 2:00. show you waus going on. look athe beautiful bay water. the lor mirroring the sk

mr. boehner wants to do is extend the tax cut to the remaining 2%. that means going out to have to borrow another $70 billion over the next ten years to give $100,000 tabs tax cuts to someone making $1 million. >> the vice president also said republican leaders have not offered any constructive ideas to help the economy. >>> well, the latest sign of trouble, the biggest drop in existing home sales ever recorded. existing homes, in other words, not new homes, are selling at the lowest rate in 15 years after a 27% decline last month. right now, there are nearly 4 million unsold homes in the u.s. and 12 1/2-month supply. that is the largest in 30 years. at the same time, congress can't decide how to reform money-losing fannie mae and freddie mac, which are responsible for more than half of all mortgages in the u.s. anthony mason has that story. >> fixing this system is one of the most consequential problems and complicated economic policy problems we face as a nation. >> reporter: in florida this month, fannie mae auctioned off nearly 100 foreclosed pro

mr. boehner's party ran the economy in the middle class literally into the ground. they took a $237 billion operating surplus inherited from the clinton administration and left us with a $1.3 trillion deficit. in the process quad droolled the national debt, all before we literally turned on the lights in the west wing. gwen: now it was a wedged over a distance by two men who clearly were prepared, reading off a teleprompter their attack lines. why are they having this fight now? >> this is a battle for the soul of the stimulus going into the elections. both boehner and biden want to present a narrative about whether the stimulus worked or not. of course, biden is claiming and has been out all week with various statistics and offerings saying this thing kept us from having a depression. it would have been so much worse if we hadn't spent all of this money. boehner, on the other hand ecks is portraying the stimulus and all of the federal efforts since the obama administration came in as really an assault by government on the private sector causing all kinds of uncerta

mr. boehner is nostalgic for those good ole days, but the american people are not. >> and another bleak economicrod said she will not being taking the new position with the department. she resigned under pressure last month after a conservative blogger posted on the internet an edited version of a speech she gave. she is not ready to accept his offer to return. >> i think i can be helpful to him and the department if i just take a little break and look at how i can be more helpful in the future. >> she was offered a job in the office of advocacy and outreach for work in the civil rights area. she did agree to work with the agency as a consultant. >> we're going to check in with mike yet. any triple digits yet? >> not yet. but it will be probably around 1:00 and 2:00. show you waus going on. look at the beautiful bay water. the color mirroring the sky. the pollution in the air. another spare the air day. how that probably ends tomorrow in most areas and how the heat ends in some areas tomorrow too. >> mike, thank you. also we're live with the latest on an attempt right now to complete a marathon

mr. boehner is nostalgic for those good old days. but the american people are not.ant to go back, they want to move forward. and so, folks, i am still waiting for what it is that they are for. >> larry: okay, ben, what do you make of boehner and summers? >> larry summers is one offer the smartest guys in the world, we're incredibly lucky to have him in public service. geithner should be pushing cookies in a foreign embassy. bp biden has put his hand on the problem, we don't know what to do, democrats don't no what to do, republicans don't know what to do, miss schultz doesn't know what to do, nobody knows what to do. >> larry: is that true? >> there is some truth to it. i have to give it to ben. it's refreshing to hear someone be that honest. we can be that honest because we're not running for office in november. at the same time, i do think there is a distinction between one party which is putting forward forward looking solutions, innovative solutions and another party that wants to play, looking back in time and going backwards when we know what those policies go

mr. boehner is nostalgic for those good old days, but the american people are not.'t want to go back. they want to move forward, and so folks, i am still waiting for what it is that they are for. >> larry: okay. ben, what do you make of boehner and summers and -- >> actually, larry summers is one of the smartest guys in the world, and we are incredibly lucky to have him in public service, and geithner is a cipher and he should push cookies in an embassy in some foreign country, and biden said, we don't know what to do. democrats and republicans don't know what to do and ms. schultz does not know what to do and i don't know what to do and nobody knows what to do. >> isn't that true alicia? >> well l is some truth to it, and i have to give it to ben, because it is refreshing to be that honest and we can be that honest, because we are not running for office in november, but there is a distinction between one party putting forward, forward-looking solutions and innovative solutions and another party that wants to play looking back in time and just going backwards, when

mr. john boehner raised this the other day in his speech. it is a provision that requires small businesses to report on payments they made exceeding $600. we had a vote in the house to repeal it. democrats proposed -- proposed repealing that provision. we pay for that by closing down loopholes. when faced with the decision, do you help small businesses by getting rid of what everyone agrees is an onerous provision or, again, supporting incentives to shift american jobs overseas, they voted to protect those overseas corporate profits. it was interesting to hear john boehner raise that issue, since, to a person, his colleagues voted against the opportunity to repeal 1099. >> a question? >> political report. this is getting to be this season where we will start seeing a lot of ads from the other side, and the committee has reserved at time in over 60 districts so far. how coldblooded are you willing to be about strategy, and are you open at all over the course of the next month to pooling resources from races beyonce bifurcating and allocating

mr. john boehner raised this the other day in his speech. it is a provision that requires small businesses to report on payments they made exceeding $600. we had a vote in the house to repeal it. democrats proposed -- proposed repealing that provision. we pay for that by closing down loopholes. when faced with the decision, do you help small businesses by getting rid of what everyone agrees is an onerous provision or, again, supporting incentives to shift american jobs overseas, they voted to protect those overseas corporate profits. it was interesting to hear john boehner raise that issue, since, to a person, his colleagues voted against the opportunity to repeal 1099. >> a question? >> political report. this is getting to be this season where we will start seeing a lot of ads from the other side, and the committee has reserved at time in over 60 districts so far. how coldblooded are you willing to be about strategy, and are you open at all over the course ofhe next month to pooling resources from races beyonce bifurcating and allocating th

mr. boehner's party ran the economy and the middle class into the ground. >> reporter: david, whoever is responsible, some economists say, that the $6 trillion in value that the housing market has lost in the last five years will take decades to recover. and some economists say that is never coming back. david? >> overwhelming to hear. jake tapper, thanks so much. >>> we're joined by alexis glick, and political contributor, matthew dowd. good morning to you both. >> good morning. >> i wanted to start with what jake just reported. republicans calling for the economic team to be kicked out of the white house. look at the numbers this morning. a new poll out by the associated press, shows that 56% of americans disapprove of the president's handling of the economy. not terribly surprising. but what is the next set of numbers. the republicans haven't gained anything with the economy. 45% still trust democrats on the economy. 43% trust republicans. why haven't they been able to gain ground here with the president in trouble? >> the interesting thing, when republicans are relatively even, they

mr. boehner is nostalgic for those good old days. but the american people are not.o go back. they want to move forward. >> reporter: the latest associated press poll asks voters whether they trusted democrats or republicans to handle the economy. voters said they were split. rob and vinita, back to you. >>> the last primaries before november's election have wrapped up with political veterans victorious in major races. in florida representative kendrick meek won the democratic nomination. scott is the republican nominee for governor. he spent $38 million of his own money to campaign. in arizona john mccain cruised to victory over his conservative challenger. in alaska, incumbent senator lisa murkowski's race is very close. sarah palin has backed murkowski's opponent, joe miller, in a vigorous campaign. >>> the justice department is rushing to appeal a court decision that blocks federal funding of all embryonic stem cell research. >> the challenge is brought by researchers who want funding for adult stem cell research instead. t.j. winick has the story. >> reporter: o

mr. john boehner raised this the other day in his speech. it is a provision that requires small businesses to report on payments they made exceeding $600. we had a vote in the house to repeal it. democrats proposed -- proposed repealing that provision. we pay for that by closing down loopholes. when faced with the decision, do you help small businesses by getting rid of what everyone agrees is an onerous provision or, again, supporting incentives to shift american jobs overseas, they voted to protect those overseas corporate profits. it was interesting to hear john boehner raise that issue, since, to a person, his colleagues voted against the opportunity to repeal 1099. >> a question? >> political report. this is getting to be this season where we will start seeing a lot of ads from the other side, and the committee has reserved at time in over 60 districts so far. how coldblooded are you willing to be about strategy, and are you open at all over the course of the next month to pooling resources from races beyonce bifurcating and allocating

house republican leader john boehner told the american legion convention in milwaukee mr.bama must put progress ahead of pullouts. >> using campaign promises as yardsticks to measure success in iraq and afghanistan runs the risk of triggering artificial victory laps and premature withdrawal dates unconnected to conditions on the ground. >> reporter: at that same convention, defense secretary robert gates also pointed to progress in iraq, but he counseled caution. >> i'm not saying that all is or necessarily will be well in iraq. the most recent elections have yet to result in a coalition government. sectarian tensions remain a fact of life. al qaeda in iraq is beaten but not gone. this is not a time for premature victory parades or self-congratulations. >> reporter: in fact there's been a new spike in attacks since the iraqi elections ended with no clear winner last march. but vice president biden met with iraqi leaders in baghdad today and said things are much safer. and in a televised address prime minister nouri al-maliki said the end to u.s. combat operations is a key

that would be -- the decision would be made by speaker boehner and our majority leader, it could be mr. cantor or mr. pence, in conjunction with the senate republican leadership. my guess is, again, don't count your elections before they happen, but if we were in the majority and we didn't feel we had the votes for a straight repeal, that is something they would look at. it is certain within the rules and has been done before on both sides of the aisle. on the border situation, i support barriers along the border and i had voted for those fences and barriers and all of that. but we're not trying to build for lack of a better term, a berlin roll or what rommel was doing along the french coast. you are correct, when you build a barrier, you are trying to stop them temporarily and give them an opportunity to get personnel there. some of the people coming into this country are really bad people, the drug dealers, terrorists, a lot of them just don't have a job in mexico or wherever and think they can get a job here. i don't see them as a military threat. i don't see a reason to have an arm

boehner said, "mr. president, you and i were not here for what." and he said, "not only were you here but you voted for it." there has been a lot of amnesia about the actions of those in the previous eight years. >> on iraq, to the president consider delivering to marmite's speech from iraq? did he decide not to because he needed to be here because it is too dangerous? >> no. i do not believe there was ever a serious discussion about delivering what the president will deliver tomorrow from iraq. obviously, the vice-president is there. he is there because of the continued work that has to be done that has to make progress on the political side. an election was certified in june and a government that has yet to be fully formed continues to require the work of this administration, particularly the vice-president. >> i have a similar question about the search. -- the surge. in the final analysis in understanding, does president obama still think the country and the world would be better off if the u.s. had never invaded iraq fax -- iraq? >> if the pres

mr. baker can do this? i said not for a moment, and mitch mcconnell said we are planning and put together plans. i said this is good news. maybe john boehner is, too. the speech did not indicate to many thoughts about the future. it was much more centered upon of polarized political saturation. -- political situation. many are hopeful that if we have a republican majority, we will also have some ideas and programs and yet to articulate them. i will -- we will continue to work with senator mcconnell to do that. >> i am wondering if you heard from mitch daniels after publicly encouraging him to go in that direction. >> i had a good conversation with him in indiana just a week or so ago. he has made no commitment. this will not be the time in which we may get announcement that he will need to make at some point. i think he would be an outstanding candidate and a great president, but he will have to make that decision himself. >> senator, thank you for your time. we have just finished a wide- ranging conversation with the lead republican on foreign affairs, senator dick lugar. you mentioned this is a big week for foreign policy issues. i wonde

mr. john boehner rightly said we need a deficit reduction plan. he said economists have warned that all this borrowing runs the risk of causing a damaging spike in interest rates wch would cripple job creation. how is it that in that very same speech he proposes blow what the nonpartisan congressional budget office would say is a $680 billion hole in the deficit over the next 10 years? that would send a terrible signal that the united states is fiscally reckless and we have not gotten our economic house in order. in the longer term, that that will inhibit the economic growth, but the republican leader and his colleagues will risk our future economic growth to permanently extend the bush tax cuts that the to the wealthiest 2% in our country. the non-partisan tax policy center estates 96% of that $680 billion will go to that 923,000 households that make over $500,000 a year. under that plan, next year househds making over $1 million will receive an average tax cut of 100 feet thousand dollars. the notion that we need to permanently extend these defi