so it's a weak scenario. and when you look at most people's global as far as, they were at 4% or so. so remarkable how little progress has been made. >> the weaker the readings, the more action needed from policymakers. so you'll get this rebound. and what we've seen at the moment is almost harking back to 2008 where finally internationally they're grasping the needle and saying we all need to do something in a coordinated fashion. i don't know if that's what's happening behind closed door, but you can see the coincidental teaming of the ecb, the fed -- >> but that said, i think action perhaps would have almost a bigger impact here in terms of global investor sentiment and that's not what we're seeing. india is on hold, we keep kind of waiting for more. like waiting for -- >> yeah, i don't know to what extent that's true because they're getting the problems arising. those countries are looking to the developed world to sort their economies out. especially europe. and that's where the growth consumption needs

right now, the united states is the weak horse. in iraq, it's unraveling. in iraq, al qaeda is coming back. it is in danger of breaking up into sunni-shia and kurd-- by the way, iranian flights are overflying iraqs with weapons for cd barb. in afghanistan again, you just saw, the worst thing for any military moral is the killing by your allies that continue to escalate. it's unraveling because all we tell the afghan people is we're leaving. we're not telling them we're succeeding. we're telling them we're leaving. in syria, 20,000 people have been massacred. these people cry out for our help. they've been massacred, raped, tortured, beaten. and the president of the united states will not even speak up for them, much less provide them with the arms and equipment for a fair fight. when russian arms are flowing in, iranian help and hezbollah on the ground. >> schieffer: what is it that we're doing wrong here? >> well, it's disengagement. prior to 9/11, we had a policy of containment. then after 9/11, it was confrontation with the terroristterrorists and al qae

and it gets to a weakness in his campaign about what does he believe? did he do it for pure crass political reasons in order to satisfy the base? or to get -- push to the right by the neo-conservatives? why has mitt romney gone out through the campaign promising a trade war with china, taking on russia as america's most dangerous foe? it has the tone being to try to put daylight between himself and a president who is strong on national security issues because he doesn't have a strong position on foreign policy. chris: so who is he listening to? is it ideologues of press attack types or who is it? >> the folks at the highest level of the romney campaign said the governor drove a lot of this. with consultations with john bolton and richard williamson and former state department officials. chris: which comes out of his book. >> the governor saw this as an opening for himself. and in part drove this message and collaborated then with his staff. it wasn't something brought to him and hey, governor, here's an idea. why don't you jump into this? he initiated i

when the white house is silent, that's a weak message.ence and a lack of a message is really a problem. i think that's what mitt romney was saying, 15 hours later. >> some people may think that mitt romney jumped out after 15 hours. i actually think that we should have an american president who absolutely sees developing problems and says, i am going to enter the situation and try to calm it down. i don't think it is too much wolf, to say, if the president of the united states would have jumped in early and said something -- >> rick, how would he calm it down? you use the bully pulpit. by asking that question, there is a sense in that question that the american presidency doesn't have power or the white house doesn't have power. >> i just said i think we should be paying less attention to these kind of behaviors and activities. at the same time, you are saying that the president's silence increased the violence. what is he going to say? don't make people angry. i don't understand what you are suggesting he should have done. >> let me be c

stocks could be worse off if these weak numbers didn't make wall street more convinced that the fed would move with a monetary stimulus to revive the economy in some way. >> here is where we stand, the dow jones is lower by 9.5 points. the nasdaq is still -- i spoke too soon, it had been slightly positive -- >> give it another couple minutes. >> 3134, the s&p is still in positive territory. >> it's like the weather in hawaii, you don't like it now? just wait it will get better. a bailout may be a fore gone conclusion, but is this likely to happen because our economy is not better -- >> we have steve leisman and rick santelli. the jobs report was not pretty, are we still maintaining the levels that we've got because of hopes of the central bank acting next week. >> yeah, i think it's a global liquidity, and i think the behavior all argue for that premise. steve tough to find silver linings but they revised june and july as well. >> yeah, it was pretty uniform, normally you find some that tell you look at this this way or that way. the only thing i can find good about it is most of the job

do they view him as weak. >> osama bin laden said if you have a strong horse and a weak horse, peopleorse. america is perceived as the weak horse, on the retreat. our economy is in shambles. we're leading from behind. we are the weak horse. >> sean: mr. attorney general? >> the... the administration has -- has refused to back freedom fighters in iran. during that uprising, the president was notably silent. we are, as you pointed out, irrelevant in syria. we have announced that we have pivoted to asia and the pacific. so what that means is, we are out of the middle-east. we are withdrawing from iraq and afghanistan with a deadline. we're telling them, basically, we are no longer here. >> sean: got to run. i have a question for president obama. mr. president, we have a dead ambassador, we have two dead navy seals. we have another dead american. and the al qaeda flag is flying over our embass netunisia. president obama, what are you going to do about it? when are you going to do it? coming up, the president is wat the -- the president is not the only one failing the country. critical que

it's a foreign policy projects weakness. we give them money.ing these people money. >> and not only that. this is a part of the world where they kill christians. i'll take lectures, but not that crowd. >> and mistreat women on a regular basis and that this president wants for sharia law. did they come to our rescue as our embassy was being raided and flag torn down? i didn't see them there. >> this is why there is a mess that we have. and that is why the national media is going to do anything but report on that. >> pretty sad. fires still burning tonight and being set. police continue to crash and clash with protestors that three days have been gathering outside of our embassy. u.s. officials warning violence only going get worse and continue, and it's going to fan out across the region. when we come back, senator john mccain will weigh in right here on "hannity". so anyway, i've been to a lot of places. you know, i've helped a lot of people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have

they see great weakness, the arab spring has turned into the arab rage.immy carter there. he was saying he's a great leader and we have to let democracy start up. we have no idea who they are. we have no idea at this point in time, whether they are our friend or allies, and in all probability not. have you to throw the gauntlet down and say, you can't protect our embassy, if our flag's going to be burned, we protect your people, we are pulling our people and we will go to the imf and make sure you never get another penny. >> sean: shouldn't romney be saying that? >> that's what i would be saying. >> sean: that's what i would be saying. >> he has to. he has to move forward with courage and vision and say, haven't you had enough of this guy and a presidency that continues to bow down and bend over to insurgents and regimes that support terrorists! enough is enough. if this isn't a glaring, frightening example of an abysmal failure of obama administration's foreign policy, what do you need? the guy's gotta guy. >> sean: you were speaking about gel intelligen

they are always right and compromises weakness. >> it's good advice that the politics of cooperation are better than the politics of conflict. it has not happened under president obama in washington, d.c. which leads me to another big story tonight. a new controversial book by famed journalist bob woodburg posits the notion that congress wrestled control of government from a weak, ine if he can si

democrats, weak. but it doesn't really work anymore. it doesn't work not only because that's not obama. but because america's not divided between hawk and dove anymore. and a large part of the republican voter base actually think we shouldn't be in foreign countries at all. so i'm not persuaded it will be an effective -- >> eliot: i agree. there are two data points that matter. libya which certainly, until yesterday, which is a little bit -- not a footnote. we lost an ambassador. in terms of the arc of history we had succeeded in libya. gadhafi is gone as you just said so pointedly an election which brought a government that is as close as one might have hoped to have electorally brought into power and bin laden. those two data points, bin laden is not weak on foreign policy. the argument that mitt romney is trying to make simply doesn't work. i want to switch to syria. both written passionately about this. ambassador, where are you snow how comfort are you -- should we be doing more? >> it is only getting worse. as i've said to you and

confidence is very weak. fiscal policy is being tightened. interest rates are very high in southern europe. all of those are contributing factors to the downturn, and therefore it's unsurprising we're seeing the data we've -- that's recently arrived here as well as in the united states. >> markets saying these figures point to eurozone contraction of 0.5% in qe. what's your outlook? >> it's in line with our numbers. we think for the full year the eurozone contracts at 0.4% rate, so not far off what you suggested and that seems to be consistent with the underlying data coming in. no real revisions just yet but we'll watch and wait. >> what about 2013, is that a year -- 2012 we see europe broadly contracting. what about 2013? >> a lot hinges on the global environment. hinges on whether the u.s. can slowly grow and maybe grow a bit faster. whether china can begin to pick up steam. external stories can be critical for europe. >> larry will stay with us. let's check in and check out market reaction. >> one hour into european trading session. 73 de

grateful that you changed your position, it's a demand for even more weakness. i think that is going to be an interesting test of how the president addresses all this at his speech on tuesday. the fact is if the united states doesn't defend its interests and allies, our adversaries will take advantage of it. >> jamie: why is it perceived as weakness? >> because the united states has essentially abandoned the rhetoric and approach about the war on terror out of a mistaken view somehow the war on terror is offensive to all muslims. that is simple minded view of the muslim world to begin with and fails to recognize how much harm terrorism has brought to muslims. it also shows a declining withdrawing america from iraq, from afghanistan, not being able to deal with terrorism in places like syria and the gaza strip and not being able to restrain iran and support for terrorism and nuclear weapons program. all of that continues of the impression of declining united states. >> jamie: and increasing sentiment of anti-americanism in places we wouldn't have expected it and

is that a weakness as to how much they need to be funded overseas? particularly when we get currently weakness? >> it's a good point. i think the good news is not so much as they were. one of the lessons from the xrie sis is they did borrow excessively from overseas. but the loan growth has come off to around a 5% kind of level and at the same time, australians are fading more. so at the moment, they are not reliant on buying more money from overseas. they're lending australia from domestic deposits. so that reliance has changed. they're standing a lot of bonds and they need to refinance them partly in order to mead the basul 3 requirements. they need to build up liquidity, as well. but i would say they're much more vulnerable to that problem crisis than we were before. we've seen australian currency moving around dramatically over the years and yet the banks continue to fund themselves quite well in international markets. briefly join the crisis when virtually all international banks had difficulties. so they'd a pretty good track record in doing th

but obama is way too weak. and like with jimmy carter when the american president is weak, our enemies are going to take advantage of him. >> greta: how do we separate out that -- the crisis right now, we are looking at the beginnings of, we are looking at a from -- at a protest. how do we separate out the real crisis that the nation is facing tonight there and the political impact because this does have a political impact back home. it is used as a weapon, back and forth. >> i think that the administration has some explaining to do. there is a newspaper in britain, a credible source, the independent, which says that senior diplomatic officials in the united states report that we had 48 hours of warning of the libyan attack. and in any case, it doesn't take a genius to know that it is going to be september 11 and that that is a time when you need to boltster -- bolster security, especially in libya -- >> greta: let me stop you there. i saw that report. we have been trying to trace that one down to see if we can

course -- weak horse versus the strong horse. they can do what they need to do with impunity. responses will be muted. we are, the president now and his people are businessly going around and talking about a film -- busily going around talking about a film. they are saying don't blame us. it's not us. at the same time, questioning this first amendment thing a little bit as to whether or not it's smart and what we might have to do about it. playing right into their hands. we are absorbing some of the blames with the attacks against us. over a period of time we have shown weakness and most important part of it it shows a lack of understanding of the nature of the world we live in and nature of the threat. in the eyes of a lot of these extremists, this is something of a continuation that has been going on for 14 centuries. >> greta: in light of that its complex problem, what would you say looking at the last three and a half years, foreign policy put greater danger, natural progression of time or is he doing something, something he

the united states in the middle east is weak.e are seen as withdrawing and we are paying a price for that weakness whether it be unraveling in iraq, the tragedy in syria, the tensions with israel and afghan situation unraveling. there is a lack of leadership there. >> and in fact, p.j. he called it the feckless foreign policy. did it happen because of the the president's weak leadership? >> i don't agree with john mccain at all in his characterization of where we are. in fact having been attacked in the middle east is because we're staying there promoting democratic governance in libya and probably a faction that wants to see a different kind of society and different kind of governance. chris stevens died because he was trying to help create a new libya, not retreating fromm the old. >> and the pictures we're looking at now are live from cairo. nick, what will you be watching for as this unfolds over the next couple of hours and days? >> well, you know, yemen is a little bit of a side show. even libya isn't central to the middle

weakness is provocative. >> what happened to diplomacy, gentlemen?ou saying we should go to the war? [ talking over each other ] >> sean: stop apologizing for the pretext which is this ad which is the and cause is weakness. also coming up, a despicable and anti-christian piece. what they called so-called art is set to make return to new york and backlash from the white house is non-existent. no tv ads condemning the work and no shot of hillary clinton calling it deplorable and likely party to venorate this trash. party to venorate this trash. do you see a doubltçtçtçtçtç@@ jack, you're a little boring. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mo

having instead of reagan and captain wein berger we have ambassador and clinton who are vacillate weak. i think even steve would support more foreign aid if we had reagan. >> think of what reagan and weine berger did. >> they funded genuine democrats when they put money in the old soviet union. they sought out people that shared our ideal, not the muslim brotherhood. there is sometimes a democracy that leds to good things and sometimes leads to bad things. we should only fund people who share our interest? >> right. >> what we used to call eastern central and now central not aid to existing governments but providing fax machine to solidary to help undermine the regime. that is a maul amount of money. i wouldn't call that foreign aid. that would be part of the defense budget and under president reagan it worked. giving money to bureaucracy breeds corruption. >> solidariity and the leader became president of poland. they shared our interest. if the money is going to the muslim brotherhood and if they are winning the elections, they don't share our interest, do they? >> the arab street do

i think the caterpillar weakness is not one of my closely want to own stocks, but the weakness is buyableg up with the averages because most of them are nowhere near the averages and they've go m

that's a little weak. interviewer asking mitt, and he says peanut butter sandwich and chocolate milk. nobody drinks chocolate milk anymore. mitt should have said i really love sitting in the back of my bentley convertible and having my driver take me out to the country. that would have been totally cool. >> it would be real. >> it would have been real. people would have admired that. >> his message is dower and apop liptic. it is why i don't think he will win. >> johnathon martin, a bentley in every garage has to be his slogan. >> and chicken in every pot. >> always good to see you. here's a programming note. spend your primetime with us on wednesday night for the debate. cnbc will be there live. i will have full coverage before and after the debate. >>> up next this evening, the president blocks a chinese buy business deal in the u.s. for security reasons. isn't that right? >> thank you, larry. a dramatic, unusual announcement from the obama administration involving a chinese wind farm facility in oregon

are we that weak?t wasn't two months ago that hilary clinton talked about obama forgives one billion of the billions that egypt owes us. are we so so weak that the president of egypt who of ared two billion dollars. two billion of our taxpayers dollars and takes him two days to condemn the murder of an american ambassador and three other officials? are we that weak to ignore four assaults in benghazi in the last several weeks? does the obama administration see no evil but hear no evil? these assaults with rocket propelled grerngrenades and explosive devices foreshadowed the deadly violence that occurred on the anniversary of 9/11. oh, yes. i have seen this movie before. the obama administration apparently didn't. with them, flattery will get you everywhere. i guess they never read about the trojan horse. and this is a fox news alert. the state department is ordering that all family members and nonessential u.s. government personnel leave sudan and tunisia. get right to greg who is there. >> good evenin

are we that weak?t wasn't two months ago that hilary clinton talked about obama forgives one billion of the billions that egypt owes us. are we so so weak that the president of egypt who of ared two billion dollars. two billion of our taxpayers dollars and takes him two days to condemn the murder of an american ambassador and three other officials? are we that weak to ignore four assaults in benghazi in the last several weeks? does the obama administration see no evil but hear no evil? these assaults with rocket propelled grerngrenades and explosive devices foreshadowed the deadly violence that occurred on the anniversary of 9/11. oh, yes. i have seen this movie before. the obama administration apparently didn't. with them, flattery will get you everywhere. i guess they never read about the trojan horse. and this is a fox news alert. the state department is ordering that all family members and nonessential u.s. government personnel leave sudan and tunisia. get right to greg who is there. >> good evenin

it's certainly true that it is weak. all the discussions are indicating that momentum is still slowing down and we're expecting growth of only 7.4%. momentum is still moderating. there's no sign of a peck up in real demand just yet. i don't think it's now deck start the chinese economy anytime soon in a big way. so i think we'll still see moderate momentum in china. i think after leadership transition, then we could see more fiscal stimulus, but what's very worrying right now in asia, not only in china, but across the board in most asian countries is the very big negative declines in exports year on year that we're seeing. and that's not good news for real demand for commodities. >> the dollar angle is important on this, as well. jane, no surprise we have gold up at seven month highs, dollar entex at seven month lows. so i suppose the question request is the momentum going to remain from a continuing weakening dollar. >> clearly as you pointed out the weak dollar is an enormous story, but for instance if you put copper a

i think the caterpillar weakness is not one of my closely want to own stocks, but the weakness is buyableg up with the averages because most of them are nowhere near the averages and they've got to make that money somehow between now and year end. i like to say there's always a bull market somewhere. i promise to try to find it, just for you, ri