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Something that i didnt notice in the book. you mention that we all know that president george w. bush was a big tax cutter. but its also true, you say here, that he was the only president since weve invented the tax code who never raised a single tax in any way. >> well, at least since hoover. i dont think coolidge raised any taxes, but every president since herbert hoover has raised taxes to some degree or another. but george w. bush never did. and theres a footnote in my, to a treasury documen...

>> bruce, you point out something that i didnt notice in the book. you mention that we all know that president george w. bush was a big tax cutter. but its also true, you say here, that he was the only president since weve invented the tax code who never raised a single tax in any way. >> well, at least since hoover. i dont think coolidge raised any taxes, but every president since herbert hoover has raised taxes to some degree or another. but george w. bush never did. and theres a footnote in m...

including the same unit that killed osama bin laden, stage another daring raid, this time on mission to rescue hostages from pirates in somalia. tears on both sides of the aisle. congress bids an emotional farewell and gets an inspirational message. im wolf blitzer. youre in "the situation room." but first this just coming in. were seeing a tight race, a very tight race here in florida. that makes tomorrow nights cnn republican presidential debate potentially all the more important...

>> you know, murphy, im going to run out of these things. but ill tell you what, ten days ago, we could have used your martians and your subs on newt gingrich winning by 12 points in south carolina. >> one primary is not a nomination. let me quickly say one little footnote. the way most delegates are chosen, some are elected, some are elected by their own kau cusses. if you let them loose to vote who they want to vote for, a lot better for newt. a lot of romney are looking for a dominant. >> but...

also, wow, two more contests within a fortnight. are you kidding? they are heading to florida. its getting ugly. romney is calling gingrich a failed leader. but why? >> the mayor of the island where the cruise ship capsized is warning of an ecological time bomb. there may have been more passengers than originally thought that werent on the roster. >> heads up football fans, super bowl sequel, giants and patriots meet again at this years super bowl. well begin this hour with powerful ...

House and he says that romney needs to release his tax returns first. meanwhile, markets around the world of course, keeping a very close eye on whats happening in the presidential race and how it moves along and the saudi stock exchange up better than 1%. to the aforementioned tomorrows ham house in greenville, south carolina, this is a more conservative part of the safety and probably benefit a newt gingrich than it was lets say a mitt romney, but thats not a given mu, but thats generally the ...

-- the web. we begin in south carolina this evening with a fast-change republican presidential race. fast as in overnight. our new cnn time orc poll tonight shows mitt romney leading here by 10 points. 33% for the former massachusetts governor to 23% for the former house speaker newt gingrich. but, and this is important, the final 24 hours of our polling suggest a gingrich surge. my sources in several republican campaigns tell me tonight their numbers, too, are detecting a significan...

we talked to one of the convicted killers pardoned by mississippis governor. were going to hear his reaction to the outrage over his release. im wolf blitzer. youre in "the situation room." >> mitt romney, the clear front-runner in a cnn/orcp poll out just now. romney with a double-digit lead, asking republican voters their choice for the nominee. look at the battle for second place. newt gingrich, ron paul, rick santorum are all in a statistic cal tie, each getting between 15 and 18%....

Critical question which is what purpose does it serve. most of the other markets you talked about are there to create capital raising function. so much of the swap market, the credit markets, now are revolving around these arcane products that dont do anything other than permit people to bet in a casino without having any real social utility. and so you ask the yes why are we even supporting it. and what wouldnt we do better just to eliminate it. >> i asked dick, he used to run the new york stoc...

Competitive. that would prohibit a ton of candidates from forever getting a hearing. this system is -- has a lot of flaws but its hard to design one that is better. >> just to throw a footnote in real quick, barack obama was actually trailing among african-american voters going foo iowa. there was no indication he was going to have that support till he proved himself in a state with the grassroots vote. >> and the legacy of americas first, quote unquote, first black president. when we come back,...