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Chair. she's talking about the challenges of growing up in the segregated south. stand by to hear from condoleezza rice. she'll say a word you never expected her to say on national tv. i'm wolf blitzer. you're in "the situation room." we begin with the president. he's standing shoulder-to-shoulder today with joe biden in the vice president's home state of delaware. he seems to be sending a strong message to any democrats out there wishing for an obama-clinton ticket in 2012. listen to this. >> the single best decision that i have made was selecting joe biden as my running mate. single best d...

The u.s. debt is issued in u.s. dollars. greek debt was issued in euros. that is a crucial difference particularly now when the increasing volatility of global markets has actually made the dollar a safe haven currency, so even as we have seen increasing problems in america's fiscal situation, we have seen a pretty strong dollar and actually america for now being able to borrow money really cheaply. the question is as peter says, how long is that going to last? and a smart american government could start taking the measures right now to prevent a greek crisis not right now, but in 2012. >> lis...

To impose their will on the rest of the country." those close to bayh said he considered the move for a year, even sharing his resume nations with president obama. his latest frustrations, one, the senate hasn't passed a deal to deal with its top priority, two. and two, he was outraged that seven senators voted against a measure they originally sponsored that would have reigned in federal spending. >> i love helping people make the most of their loves, but i do not love congress. >> reporter: his political future may still be bright. he was once indiana governor and the seat is open in 2012. l...

Seven senators voted against a measure they originally sponsored which would have reined in federal spending. bayh said it was all about politics. >> i love helping our citizens make the most of their lives, but i do not love congress. >> reporter: but bayh's political future may still be bright. he was once indiana governor and the seat is open in 2012. listen closely. does it sound like he's running for something? >> i'm an executive at heart. i value my independence. i'm not motivated by strident partisanship or ideology. these traits may be useful in many walks of life, but unfortunately t...

Political future may be bright. he was once indiana governor and the seat is open in 2012. listen closely, does it sound like he's running for something? >> i'm an executive at heart. i value my independence. i'm not motivated by strident partisanship or ideology. these traits may be useful in many walks of life, but unfortunately they are not highly valued in congress. >> all right. jessica, what are the democrats trying to do to hold on to this seat in indiana? >> well, they're in a bit of a bind, wolf. because the timing was really bad for whoever runs in senator bayh's place. the deadline ...