in this environment where everybody's watching the presidential politicking only on the republican side, in this environment, president obama has effectively started his own reelection campaign this week. the president embarking on a bus tour of the midwest starting yesterday. >> hello, cannon falls! hello, minnesota! hello, decora! hello, iowa! it is wonderful to be back in iowa. this place is as pretty as i remember it. >> well, everybody in the beltway has been flipping quickly through the coverage of president obama's midwest bus tour to see if he said anything sound byte-y about rick perry, michele bachmann, or mitt romney, what the president has been doing out there is how he's going to be running for reelection. >> i want everybody to understand here that i'm not here just to enjoy the nice weather, i'm here to enlist you in a fight. we are fighting for the future of our country, and that is a fight that we are going to win. if all of you are enlisted in the fight to make sure that we've got a country that is looking out for middle class families and promoting common sense and th

is it for you to care about something so deeply and to see people in your own congress and body politick, your own white house, that do not seem to be as concerned about these issues, especially where ethnic cleansing is concerned as you are? >> to our defense, i think america is doing more about it than any of the countries around the world. maybe with the exception of france. you feel like you bang your head against the wall. what else can be done? there was a u.s. convoy when i first got a ball. then they appointed one. that did not work out. now the ambassador susan rice is involved in negotiations over there. it seems like without a boon to be gained, it is just humanitarian, countries are not incentivized to get involved or risk their soldiers. not that i think that the solution is us innovating a muslim country or somehow trying to overthrow government or insert our politics in a sovereign nation, i think our involvement hasted be at a level that is more robust and consistent to make sure the agreement said these countries have made are honored. we have done it before. there is a

she didn't acknowledge that rick santorum was there she didn't do the type of retail politicking that iowa within as demand. they were frustrated. one guy said i want you to report it at length tomorrow. i suggested that they might sleep to have and change their minds by today. but there has been some press reports about it. they continue to sort of carp about it. bachmann has a very, very disciplined and tight nit campaigned approach. she seldom ventures very far from her bus when she is out at campaign events, et cetera. some some of the folks in iowa took offense at that pro. ed headlines that perry had upstaged her in her own hometown. that's probably exaggeration. perry took a big hit because he announced his candidacy on the very same day of the iowa straw poll. that had a lot of hawkeye republicans ticked off as well. he arrived here yesterday. he came to the state fair today. just as it's likely that folks in her hometown will forgive her for one night's performance. rick perry seems to have been largely forgiven by iowaians by were announced in south carolina. who would have

the first is the on going politicking in washington, the debt ceiling issue has only been kicked into the long grass. people looking for a bigger resolution. we're also hanging on the data numbers to see if the u.s. economy is really alive and kicking. close look on retail sales later today. and the other big one is the eurozone debt issue and lb the politicians bang their heads together and finally give us an answer as to how we're going to deal with these huge budget deficits being run by these european countries. they can no longer afford to pay for these big social welfare programs. until we start getting firm answers from the politicians, the volatility is here to stay in the markets, jonathan. >> geoff, thanks. still ahead on "way too early," football is back. and tom brady hit a home run or something. yeah, i can't do sports. this is going to be a disaster. that and a check on weather when "way too early" comes right back. >>> for all those whose care has been our concern, the work goes on. the cause endures. the hope still lives, and the dream shall never die. [ man ] behind e

emerging market countries i mean china india brazil so i think over time there is a shift in economic politicking plays one is to asia i'm not another we're looking at it is really the rising rate of emerging market countries and i think you're thinking of a world in which there would be a large number of relatively equal economic grouping as you want to global system that can accommodate it it can't be a global system which is run only by saying well look this is the center of power and everybody else must adjust and it's been said that europe has dominated the air national monetary fund in your opinion is that part of the problem or of the thought i do think that the dominance of the industrialized countries of these two institutions has to change remember that as long as europe and the united states are together. they count for almost half the votes in the armor from the world bank so even if you made a voting system they would be able to get their candidates in providing they collaborate with each other but you don't want to system where it's assumed that one organization will be run by one c

. >> while all of this politicking is going on and campaigning is going on. meantime, the economy is a topic that president obama tackled in his weekly address. says america is a great land of opportunity, but some lawmakers are standing in the way of progress. >> while there's nothing wrong with our country. there is something wrong with our politics and that's what we've got to fix. because we know there are things congress can do right now to get more money back in your pockets, get this economy growing faster and get our friends and neighbors back to work. we can't let partisan brinksmanship get in our way. the idea that making it through the next election is more important than making things right. that's what's holding us back, the fact that some in congress would rather see their opponents lose than see america win. >> kelly: but republican senator pat toomey disagrees and says the president's own politics and holding things back. >> a big part of the policy has been job killing regulations. every day small businesses owners and entrepreneurs are bo bo

but i repeat today as i have on many occasions these last few years that the reason i'm in politick is to build a bigger and stronger society, stronger families, stronger communities, and stronger society. that's when i came into politics to do and the shocking events of la week have renewed in me that drive. so i can announce today over the next few weeks i and ministers from across the coalition government will review every aspect of our work to mend our broken society of schools, welfare, families, parenting, addiction, communities, on the cultural, legal, bureaucratic problems in our society, to from the twisting and misrepresenting of human rights that has undermined personal responsibility, to the obsession we -- with health and safety that in many ways eroded people's willingness to act regarding to common sense. government can't legislate to change behavior but it's wrong to think the state is a bystander bause people's behavior doesn't happen in a vacuum. it's affected by the rules that government sets and how they're enforced by the services government provides and how they'r

sixty five is agreed to all right so there you have it but the question still remains with all the politicking to get to this point is the way the system is this the way the system is actually supposed to work or is it broken and as tea partiers gain ground are progressives now working to play catch up and if so what would it mean for the presidency. shouldn't take the risk of default. the risk of economic catastrophe to get folks in this town to work together and do their jobs but it did so who are the winners and losers of the budget negotiations and doesn't even matter as the bark just keeps getting passed around. and tens of thousands of protesters will ram is really streets of protest for social change so why isn't anyone in the mainstream media. it's tuesday august second i'm christine for zero in washington d.c. you're watching our t.v. . well let's start out the way we've been starting the most days lately with a look at the very latest in the battle over the debt ceiling budget battle over the debt ceiling and the default and all the strings attached to this debate and this deal that

bill three sixty five is agreed to so very hard it for the question still remains with all the politicking to get to this point is the way the system is actually supposed to work happening or is it broken and as tea partiers gain ground are progressives now working to play catch up if sell what would it mean for president obama. shouldn't take the risk of default. the risk of economic catastrophe to get folks in this town to work together and do their jobs but as it turned out it did so who are the winners and losers of this budget negotiation and does it even matter the proc just keeps getting passed around. and tens of thousands of protesters cram into the streets of israel to protest for social change so why isn't anyone in the mainstream media. it's tuesday august second eight pm in washington d.c. i'm christine friends out there watching our t.v. . but start the evening with the way we've been starting most evenings lately have a look at the very latest in the battle over the debt ceiling and that ceiling deal now the debt ceiling law after dominating our national discussion for the l

three sixty five is agreed to sell their your happened but the question still remains with all the politicking to get to this point in this play the system actually supposed to work or is it broken and as tea partiers gained ground are progressive now working to play catch up if so what would that mean for the president. shouldn't take the risk of default. the risk of economic catastrophe to get folks in this town to work together and do their jobs but it did so who are the winners and losers of the budget negotiations and doesn't even matter as the clock just keeps getting around. it's tuesday august second four pm in washington d.c. i'm christine friends out there watching our team. well let's start out the day with the way we have been starting out most days lately with a look at the very latest in the battle over the debt ceiling default and all the other strings attached to this debate and this deal that have dominated our national discussion for the last several weeks and within the bill a plan to cut budget deficits by two point one trillion dollars in the next ten years yesterday we sa

obviously, libya's a -- society, so there will be some politicking both at the wholesale level and retail level, but these are groups that have done business with each other for a long time, but there will be some jockeying going forward. a second challenge for libya is the matter of oil, getting oil back flowing again will generate revenue for the country, but as we've seen with the resource curse in many countries, the fact there's now something to fight over, now no longer under the command of gadhafi means that's an enticing irritant or splinter that could, you know, pick at the unity that we hope libya will achieve. >> do you have any sense of how unified the country is behind -- behind the rebels? i mean, that seems to me it may be an important part of how bright the country's future is at this point, not just how together the national transitional council is in terms of holding basic governance together or establishing basic governance, whether or not there's going to be an insurgency and loyalists continuing a fight or somebody else trying to overthrow this government that's tryin

everybody is politicking to be on the committee. that's the hardest decision the committee has because everybody wants to to be on it. get together as a group forget about the committee nonsense and thanksgiving and come up with a solution right now. >> greta: maybe they should come back to town and start working. >> they should, no question. that's what you would assume would have happened with s&p. as pathetic as s&p is, you would have assumed that because of what they just did they would all get together and work out a solution. i haven't heard the you go -- the suggestion of them coming back and knocking out a deal, very sad. >> greta: didn't tpald, thank you. >> thank you greta. >> greta: dysfunctional government or dysfunctional credit agencies? or maybe both. s&p's downgrade is almost reducing wall street to rubble. there are lots of questions tonight we'll tell you what is going on, next. >> who to blame for that nasty credit downgrade? did you hear who is blaming the tea party? this is going to roughly -- to ruffle some fea

on the one hand he's been able to reconnect with voters with one on one politicking on this noncampaign trip but had tougher moment with these confrontations with the tea party. in an interview with cnn the president was asked whether he'll be a one-term president if the economy doesn't recover? and he seemed to acknowledge that tough situation. >> ultimately the buck stops with me. i'm going to be accountable. i think people understand that a lot of these problems were decades in the making. but ultimately they say, look, he's the president. we think he has good intentions but we're impatient and want to see things move faster. >> of course, this trip has been sort of a split screen for us with the republicans. rick perry in particular and his campaigning miles from the president but yesterday he was more subdued. he got back on his jobs message still accusing bernanke of treason, didn't ril up the white house. the president chose not to pick a fight with him. >> you've got to ask yourself, what is the president's idea to fix the economy. well, apparently it's to create a new jobs agen

a lot of politicking going on in recent days. a lot of it probably unnecessary, shep. that in washington. >> shepard: imagine that, doug mckelway in washington, d.c. tonight. devastating famine in east africa has killed nearly 30,000 children in somalia in the last 90 days. figure is stunning from the united nations that more will likely die with more than a half million children starving right now and acutely mal-nourished as one woman there put it death is inevitable. she says she had to bury four of her children in less than 24 hours. we're told they starved to death. as the family traveled in search of aid. humanitarian organizations have been struggling to deal with the heart breaking fallout of the drought said to be the worst to hit the region in six decades. a militant group which controls much of southern somalia has denied that there is a famine. has severely restricted access to aid groups so the helpers can't get. in vice president biden's wife jill will visit neighboring kenya this weekend. as part of a u.s. delegates going to assess the situation. as the

also, people have been very concerned and actually the state media has dubbed all of the politicking an irresponsible and dangerous game of chicken. they've been saying to stop playing that. still a lot of caution here because of the debt concerns and that's really what we're seeing playing out in the markets. as you said, jitters here but at the same time people are feeling somewhat relieved. >> that's interesting. american media and chinese media, state media, on the same page. >> right. >> dangerous game of politicking and game of chicken. that's very rare that happens and we're both sort of taking the same point of view. thanks. >> let's go to london. trading is under way right now. nina de santos is standing by in london. as we mentioned, we had a strong market in asia overnight. started to weaken as we get through europe and futures in the u.s. still looking like a positive open. but what's the feeling where you are? >> cautious optimism is the only thing i can tell you, ali. what we have at the moment some of the markets rising in excess of 1%. some of the traders behind me on

we help support them and advance their cause and give them resources within the inner politicking ofebel leaders, and we help advance them so they emerge in the internal politics of libya as the people on top, not al qaeda, not the supporters of radical islam. megyn: last time you came on you had written a piece talking about how you might be a 2012 presidential contender. is that still possible? >> i'm thinking about it seriously. i'm going to make a decision by labor day. there is a logistical matter. i have to make up my mind then. megyn: we'll look forward to your decision, sir. gadhafi could join the quaings of others who were overthrown. tunisian's president. saddam hussein who was ousted before he was put to death in 2003. also president of romania was removed after 20 years in power. as welling a the shaw of iran and. we are getting hundreds of emails about a stor story we brt last hour. shannon bream work on a story on a group of psychiatrists who are working to make pedophiles more acceptable in society. she is speaking with a doctor who was treating pedophiles he knew were

and there is still plenty of time for politicking before the day is over. we'll hear from lawmakers "early" this monday morning, we'll hear from lawmakers "early" this monday morning, august 1st, 2011. captioning funded by cbs >>> and good monday morning to you. you see a beautiful morning here in washington. i'm erica hill in washington. it's been a wild ride in the capitol with a tentative agreement last night. for once, though, there is perhaps a hint of a few smiles here. chris wragge is in new york. >> will wonders ever cease to amaze, correct? >>> coming up, so much of the news to get to as well. critical announcement affecting all women using birth control. it will now be free. >>> a surprising new lead in the d.b. cooper case, the famous hijacker from the '70s who jumped out of plane with $200,000 ransom and just disappeared. now let's get back to you with the latest on the debt deal. >>> we are here in washington. senate and the house are set to compromise on a plan to raise the nation's borrowing limit. nancy cordes is on the hill to tell us exact

what he's trying to do is trying to do retail politicking.'re not talking about the macro sense of what is happening in the now. but what they are both saying is that they are both more equipped to create jobs here in the united states. mitt romney has been very critical since day one since he announced he was running for president of the president's policies. and of course in the past week we've seen the same thing from rick perry. he's been very, very harsh regarding president obama's policies. so we will continue to hear this over the days and weeks to come. and certainly this will be the number one issue heading into november of 2012, fred. >> all right. no doubt. mark preston, thanks so much. for the latest political news you know where to go, cnnpolitics.com. >>> a lot of folks would agree family is important. straight ahead we'll tell you why family is really important when it comes to your heart. [ male announcer ] it's a fact: your nutritional needs can go up when you're on the road to recovery. proper nutrition can help you get back

into the gop primary field, had generally received high marks for his first 72 hours of retail politickinge hawkeye state, appearing in cedar rapids, iowa, yesterday he was asking for his opinion on the federal reserve. the texas governor then invoked federal reserve chairman, ben bernanke. >> this guy prints more money, um, between now and the election, i don't know what y'all would do to him in iowa, but we'd, we would treat him pretty ugly down in texas. [laughter] i mean, printing more money to play politics at this particular time in american history is almost terriblous -- treasonous, in my opinion. >> reporter: talk of treason. well, campaign spokesman mark minor just sent out a statement in which he says the governor was expressing his frustration with the current economic situation and adds that most americans would agree spending more money is not the answer to the economic issues facing the country. meantime, former house speaker newt gingrich was back in the nation's capital touting a concept known as lean six sigma. in a speech at the heritage foundation, gingrich appear today

. >> also some pretty smart politicking to make the announcement tomorrow to make sure he's not in iowa and not in the debate. he wanted to make sure he was a part of this news cycle and this story right now. >> reporter: sure. and it's the easy part of it, because voters love politicians the most when they are not running for anything. everybody looks great when they are not running and you get in and suddenly you're like just another politician. so not only are you in the mix, you're in the mix in the sort of elevated position of, oh, gosh, i haven't dirtied my hands yet in many whole political debate thing or whole straw poll thing. a great position to be in. let me remind you of fred thompson. all summer in 2008, saying he is the guy. they were madly in love with him. he got in the race and he tanked. it can go either way. i will say rick perry is a far better campaigner than fred thompson ever was, but nonetheless it's not predictable to go he is so popular. he is popular because he is not running and let's see what happens when he gets in. >> candy, always appreciate seeing you an

but he will also politick while he is there too. it will have a segment of both of them in there. host: we will leave it there. james in lakeland, forward. john harwood writes in "the new york times" this morning -- cannon falls, minnesota, the first stop in his road trip. on the road to economic recovery or political recover? cleveland, mississippi. on our line for democrats. lucinda, you are on "washington journal." caller: good morning, thank you. i would like to say -- about when do we stop blaming bush. when the president took office, he was given a credit card. on that credit card was the wars, medicare part d, it was the bush tax cut, and it wasn't paid for. and it is still on the card. until that card is paid, you can't say it is not bush's fault. it took eight years to get into this mess that we are in. host: what about today -- caller: i think the bus tour is a economic and political endeavor. and it is much needed. everybody else can get out and campaign, i think the president has the right to campaign. i think the president has the right to put forth his ideas as well

comes to jobs, the american people have no sense of humor and have no tolerance for the partisan politickingd that you can get away with when talking about the budget, taxes or spending cuts. when it comes to unemployment, the american people want solutions, they don't care who gets the credit. >> given what we went through on the debt ceiling debate that republicans will have an open mind and approach to the president's new jobs approach? >> i guess you would be foolish to have that inclination. the ceo came out with a study showing sluggish growth going forward. it could have two interpretatio interpretations. the president's policies have been ineffective so far. the second one, the more important one and the one s.e. is getting at, to get the economy back on track. when the jobs proposals come down, it's going to be important to see what the reactions would be. if there's additional spending, which a lot of economists say in the short term, even though big time debt and deficit reduction in the long term. we need to see what congress is going to do. there are people on the hill who actua