i've traveled with steve king four years ago. he endorsed fred thompson to whom i was the senior adviser. and i think that may have something to do with his lack of enthusiasm. >> that worked out really well for you, rich. >> but the point i think is that republicans, conservatives and moderates, may not have their first choice as the nominee, but their last choice to be president is still barack obama, and as we move through this process, i think it will become clearer and clearer. and the polling shows both in the battleground states and elsewhere that enthusiasm among republican and republican leaning voters is much higher than it is amongst democrats. and that's what happens at the end of a first term when you've got the kinds of problems, some of which were the president's making. many of which were not. but people -- we've become the 11:00 society. we expect all crimes to be solved by 11:00, and all problems to be solved in an hour. >> you know, maria, that's one thing that rich raises here that i think is a very valid poin

i've traveled with steve king four years ago. fred thompson to whom i was the senior adviser. and i think that might have something to do with his lack of enthusiasm. >> that worked out really well, rich. >> but the point i think is that republicans, conservatives and moderates may not have their first choice as the nominee but their last choice to be president is still barack obama, and as we move through this process, i think it will become clearer and clearer and the polling shows in the battleground states and elsewhere, enthusiasm among republicans and republican leaning voters is much higher than it is amongst democrats. and that's what happens at the end of a first turn when you have the kinds of problems -- some of this were the president's making, many of which were not. but we've become the 11:00 society fp we expect all crimes to be solved by 11:00, and all problems to be solved in an hour. >> you know, maria, that's one thing rich raises that is a valid point. i think if i were a democratic leader right now, the bigge

recognize the other guy, congressman steve king, he's a big deal in iowa and everyone wants to know what he's thinking with just days to go until the caucuses. i will ask the congressman why he has not made a pick among the republicans. >>> later on also, the mystery of a little girl's disappearance, and the new reward being offered to anyone who can help find her. first, let's check in with isha sesay. what's going on? >>> we'll bring you the latest in the investigation as to what happened at a connecticut home early christmas morning, and why firefighters could not do more to save the people inside. what's going on? we ordered a gift online and we really need to do something with it... i'm just not sure what... what is it?

welcome back to the kaiser report of the big macs all right steve king and your area of expertise amongst others is the minsky moment now recently mark carney head of the central bank of canada used this exact phrase so tell us what the minsky moment is what is the significance of the central bank governor using it well the moment is a point where you go from a period where debts thing private to spin raj singh no it's time and rausing private debt finance is a high level economic activity and you can do just with income alone because you can't be of accumulated some much debt that's that's simply becomes impossible that stops rausing and a sin is the change in doc that goes from being positive to negative suddenly debt which is to add to demand subtracting from demand and you know a whole new gold gangly of what's actually drives the economies not rising debt driving it up but to reducing deadly region drawing it down and the significance of the central bank in mentioning this is central bankers think coming from many near classical background argue that the level of product it d

and we'll hear from iowa congressman steve king, whose endorsement in the iowa campaign could be crucial. plus a preview of steve kroft's "60 minutes" interview with president obama, and analysis from cbs news chief white house correspondent norah o'donnell and political director john dickerson. then, we'll have an important announcement about "face the nation." it all starts now. captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. >> schieffer: good morning again. congresswoman michele bachmann who was on fire during the debate last night is joining us from des moines this morning. congresswoman, appreciate you getting up early. to come in and be with us. i want to ask you this question. it just struck me last night watching the debate. you're a social conservative, but when newt gingrich's three marriages came up, all the other candidates just jumped right on it. you did not make any direct criticism or reference to him about that. i just wonder why that was. >> well, i was asked a question about character and what that meant for the presidenc

we talked with steve king, the republican from iowa.e is on that judiciary committee a moment ago. he has plenty of answers and does expect to have multiple interruptions with the attorney general if he is not getting the answers that he is pursuing. one member of congress described this hearing as "fast and furious" in its own right given the questions and answers back and forth. william la jeunesse reporting over the weekend about these internal e-mails with agents from the atf after the botched gun-running scheme was discovered and the border agent was killed, they talked about in e-mail form about controversial new rules regarding gun sales which would seem to suggest some sort of assault on the second amendment. we expect, according to congressman king, for that topic to come up as when this hearing gets underway. martha: one of the most interesting things here if he didn't know about it, is that evidence of incompetency? if he did know about it, then he misled on it what he knew and when. that is the biggest issue at the central p

congressman steve king joins me straight ahead. i'm with scottrade. and i'm loving every minute of it. [ rodger riney ] at scottrade, we give you commission-free etfs, no-fee iras and more. come see why more investors are saying... i'm with scottrade. but wanted to do something more for my nutrition. there's so much information out there. what's good for you today, is bad for you tomorrow. i had no idea what to choose. until i found pronutrients -- a new line of supplements from centrum, who i totally trust. omega-3 supports not only my heart, but my brain and my eyes too. probiotics helps with my digestive balance and my immune function. and fruit & veggie has antioxidant properties. new pronutrients from centrum helps make nutrition possible. >> new jobs numbers release educate a very mixed message for the american economy. according to the labor department the unemployment rate has dropped sharply from 9's to 8's 6%. the lowest level in more than two years, a feat for which president obama wasted no time taking credit. >> this morning, we learned o

>> he's congressman steve king, a very prominent republican from the state of iowa whose endorsement is coveted big time. he didn't endorse santorum today and i spoke with him by phone as he was driving in the car, ali, to this hunting event with rick santorum. he told me he'd planned to endorse months ago. he wanted to back one of these candidates to try to have a big impact in the iowa caucuses and he still to this day, eight day away, he says he can't do it because just like many other republican voters in iowa, he can't make up his mind. so certainly helpful to rick santorum to have this picture that we're showing right now, but he did not get an actual endorsement from steve king and it's fascinating that he is just perplexed that he can't make up his mind. >> santorum is going to all 99 counties in iowa. michele bachmann is about to achieve that. he has really, really worked hard in iowa. is it helping him? the latest poll has him at 4%? >> no. if you look at the poll, it's not helping him at all, but the thing about iowa and the thing about the caucuses and the way they work i

>> he's congressman steve king, a very prominent republican from the state of iowa whose endorsement is coveted big time. he didn't endorse santorum today and i spoke with him by phone as he was driving in the car, ali, to this hunting event with rick santorum. he told me he'd planned to endorse months ago. he wanted to back one of these candidates to try to have a big impact in the iowa caucuses and he still to this day, eight day away, he says he can't do it because just like many other republican voters in iowa, he can't make up his mind. so certainly helpful to rick santorum to have this picture that we're showing right now, but he did not get an actual endorsement from steve king and it's fascinating that he is just perplexed that he can't make up his mind. >> santorum is going to all 99 counties in iowa. michele bachmann is about to achieve that. he has really, really worked hard in iowa. is it helping him? the latest poll has him at 4%? >> no. if you look at the poll, it's not helping him at all, but the thing about iowa and the thing about the caucuses and the way they work i

naked emperor dethrone if you want to follow steve's work as website is debt deflation dot com steve king welcome back to the kaiser report of the big macs all right steve kane your area of expertise amongst others is the minsky moment now recently mark carney head of the central bank of canada used this exact phrase so tell us what the minsky moment is what is the significance of the central bank governor using it well the scheme in it is a point where you go from a period where debts thing private debt stand rock thing no it's time and rossing private debt finance is a high level economic activity and you can do just with income alone because you can't be accumulated so much debt that that's that something becomes impossible that stops rausing and a cent is the china it goes from being called it is a negative suddenly debt would use the absolute demand so it's attracting from demand and you know a whole new gold gangly of what's actually drives the economy is not. crossing debt driving it up but to reducing debt do leverage and driving it down and the significance of the central bank in

so happy that we had you here on the show thank you so much for being there that was professor steve king is also author of debunking economics. all right time for viewer feedback a chance for us to respond to your comments and questions and our conversation with steve keen and cited a really interesting discussion about the state of education and especially economic education and the next three five one six said occupy the universities is again a sound like a good idea our local university has turned into a breeding ground for the next generation of elites while the student loan bubble is driving up to wish and costs and will assure that the graduates remain in debt for ever as they search for non existant jobs now you bring up a lot of really great points and if you take a look at this chart right here you can see just how much student debt has exploded student loans have doubled in the past decade as you can see right there and as of june two thousand and ten total student loan debt passed total credit card debt for the first time ever meanwhile to wishin is up eight point three percen

in fact, michele bachmann is one of steve king's close ef friends in the u.s. congress. e with all three can dates, none at this point, has the ability to get the nomination and beat barack obama. but king made clear that may not stop him from endorsing any of the three. he said, maybe because this is so tough for him, he would not worry so much about viability this time and pick somebody who he thinks he could help position in iowa for the next go round, for the next presidential election. but he told me he planned to endorse. he thought by now would he have endorsed month answers months ago but he hasn't made up his mind. eight days before, he might not. >> senator chuck grassley hasn't endorsed either. >> he has not and he will not. >> and the governor hasn't either. >> correct. both are very republican fles that state. both said they will stay neutral tral. >> thank very much. >>> let's dig deeper in the strategy. joining us from new york, here in washington terry holt. thanks guys very much. we will see rick santorum next hour hunting with congressman steve king. san

welcome back to the kaiser report time now to go down under talk with steve king he's got his new book of course debugging economics and i hope you bought a copy not only for yourself but does make excellent christmas gifts for everyone you know on your list to get this book goes explains why things are so screwed up now the book is also available for download on kindle it's called debugging economics the naked emperor dethrone if you want to follow steve's work his website is debt deflation dot com steve kean welcome back to the kaiser report of the big macs all right steve king your area of expertise amongst others is the minsky moment now recently mark carney head of the central bank of canada used this exact phrase so tell us what the minsky moment is. is what is the significance of the central bank governor using it well the moment is a point where you go from a period where debts thing private it's been rotting out it's time and rausing private debt finances a high level of economic activity and you can do just with income alone because you can't give accumulated some much debt t

as we merred from republican congressman steve king of iowa a short time ago, his campaign was dead inater. you know, king said, virtues or not, whatever you believe of herman cain will he's in or out, his campaign is over and all you had to do was look at the numbers in the dehe mons mo, iowa, you can't run for president with numbers like that. >> kelly: going over something that he said. the american people have learned something about president, the fact that it's a dirty, dirty game. what do you think of that, do you think he was send ago shot against those accusers, as well as those who perhaps may have orchestrated allegations as he contends? >> well, you know, kelly in all fairness that's not first time we've heard a candidate say that. politics is a dirty game. politics is a nasty game after lot of negative campaigning, but herman cain went out there into a large degree blamed the media for what he's going through now. and you could argue both sides of that. you can say yes, the media did repeat accusations that had not been proven, but then at the same time, those accusations

pheasant hunt today, it's not what he shot, but who he shot it with, influential iowa congressman steve king. let's bring in cnn senior congressional correspondent dana bash. dana, you spoke with him today, give us a sense of why king's endorsement is so important and what do you think it means. >> he is very prominent when it comes to the iowa republican community and he is somebody who is rock solid conservative credentials, in the past, four years ago, for example, he did endorse fred thompson and he ended up coming in third in iowa and he lived on to south carolina which nobody expected him to do before hand. he told me today, very interesting, that he had planned to endorse months ago, that was his plan, but like other iowa voters, he can't make up his mind, he just doesn't know which horse to back. he might not endorse anyone at all. newt gingrich says he thinks he has a really good economic plan, but steve king is a hard liner when it comes to immigration and he doesn't like newt gingrich's take on immigration. and ron paul? there's no love lost there, particularly due to his position

joining me to explain what this could mean for the former speaker's chances, iowa congressman steve kinggreat to see you again. let's start with your taking on newt gingrich on the illegal immigration issue. in the last debate he was talking about people who were here a long time, who, after getting into the country illegally, were law-abiding once here, and he was saying we can't deport them and break up families. you're calling that a gateway to amnesty. do most iowans agree with you? >> i think they do. i didn't intend to be particularly hatch on -- harsh on his stand on am necessary. to grand amnesty is to pathway immigration lawbreakers and reward them with the objective of their crime, and there's a whole other universe larger of illegalness the united states to be addressed in a different way. i think it wasn't prudent to start with the things that would be at the end of getting the policy right rather than the beginning of getting the policy right, which is seal the border, shut off the bleeding at the border, shut off the jobs magneton sanctuary sits, and the rule of law is an e

, though steve king hasn't said who he's going to support in this race, at least right now.p here in the state is ron paul. congressman who is in the statistical dead heat with newt gingrich. and mitt romney. he's expected here in the state tomorrow. the one person, of course, we're watching closely here on cnn will be the former speaker of the house, newt gingrich, who is expected to appear on "the situation room" with wolf blitzer some time this afternoon. a lot of oquestions have now surfaced about newt gingrich and one of his divorces. some new papers that cnn has unearthed have raised questions about who filed and when. so, all of that coming up here from iowa and we'll be watching all of it for you, alina. >> all right, joe johns, waking up early for us. thank you so much, joe. >>> in order to get the republican nomination, the candidates have to first capture the hearts and minds of social conservatives with a week to go before the iowa caucuses, that battle is being fought in a very public way and it's getting personal. here's mary snow. >> reporter: newt gingrich's

steve king is part of that group. >> i thought i could come to a conclusion in september or october.it's nearly the end of december and i've not gotten to that point with my head and heart. >> reporter: it leaves candidates going the extra mile to win caucus support hoping it pays off down the long election year road. in washington i'm emily. >>> a new poll shows mixed numbers for president obama heading into 2012. the poll shows more people approve of the president's job performance than disapprove. 47% approve while 45% disapprove. that's a big improvement from october. president obama hit the lowest mark of 38% approval. >>> the north american exchange is seeking approval to trade on election results. they say trading is needed because election results affect public policy where money is at stake, the race and control of the house and senate would be listed on the exchange if approved. a decision from the trading come bigs could come as soon as next week. >>> the los angeles county coroner's office saying being over weight contributed to the death of heavy d. the 44-year- old coll

also second from bottom bolton host newcastle again haven't won six little pull welcome embattled steve king's rock bottom blank burn on monday night of second but still missing nine players through injury if they take on wigan recently draw with liverpool and chelsea leaders manchester city go to west brom and stoke aston villa in atlanta diabate while sunderland who won two out of three games under martin o'neill has to financially strapped others and were hoping to get in a striker in the transfer window opens. to really try to go forward and you know i would certainly want to bitch. because we know we're all a little bit short so if we could do that it would help us if we do it. to keep going. a quick look back at the top half of the table sees newcastle in seventh the mud pies were as high as thirty if not won since november the fifth and no one at the sports direct arena since the grounds nine of strangeness in james's park four days later on pardew side are at second bottom bolton on monday and the manager says his side's dip in form is just a blip. that's just happens in the premier le

that weekend off in its two points ahead of the paulson plan a five points adrift with manager steve king under mounting pressure israel has said to face the daunting task of a trip to russia just united on saturday. when chester united done you know seventy eight games ago you know they went back to have been solid and you know really hard to beat know the became a little bit more expansive again so we know that the strengths that we have within the squad i think we can take a lot of confidence were when we went to anfield you know when you look at what you know kenny put on the pitch on the bench as well and you know a fair we stuck to our task where we defensively so you know that's going to be key because normally we score when we play we from home. i mean timing things native scotland celtic have leaked from arch rivals rangers at the top of the s.p.l. following a tight one though a victory in the old firm dogma at parkhead chances came and went begging for both sides in the first off before joe ledley finally but the deadlock soon after the restart charlie mulgrew blasted in a corne

well last night more pressure is the manager steve king is his side slip to the foot of the table after a two one defeat to bolton they recently putting the visitors to know before you got one back for the home side and in the other game wolves came from behind twice to draw city with marriage but are still only two points clear at the relegation zone. now back here in russia lokomotiv moscow midfielder denis has been named russia player of the year twenty eleven proving to be a good season for the twenty four year old who who also became a regular member of the national side with more is richard porfiry. what's a difference a year makes twelve months ago denise culture coffee was just one of a number of talented russian midfielder. however at the end of two thousand and eleven he's established himself as one of his country's key players in this position crucial causes there's no particular reason for his rapid improvements though he did pay tribute to his new coach in my t.v. or sicko syria. the fact that the coach believes in me is vital and when you have this believe it's much easier

and steve king's endorsement is coveted as a part of the group.am >> i thought i will come to a decision in october is nearly the end of december and i not gone to the point where my head and my heart to come together. >>reporter: canids are running the extra mile to reach the caucus' support, hoping that it pays off of down the long election year road. >>jacqueline: a live look outside from our mount tancam down on the city, we have clear skies out there right now. you will see a combination of clouds and fog in through tomorrow morning. years in the desert storm tracker of war. the rain is moving to the north, we are not expecting any rain locally. it looks like it will stay will to the north. but the cloud coverage is getting closer. >>jacqueline: into tomorrow afternoon have mostly cloudy and cool conditions expected. another system could clip the north bay for friday morning. now take a look at the fog, for tomorrow morning we see widespread temperatures. as we move through the morning hours and that you have the door is so foggy give yoursel