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issue and on -- he sat there talking body blows for three days, let the momentum get away. tactics of the campaign. he could have changed the entire dynamic of the week monday and tuesday. >> i think elliott is right about -- about the fact that this was about offense versus defense. that moment when john king asked that question of newt gingrich and this should have been a moment when gingrich was on defense and no, he goes -- immediately on offense and all of a sudden that whole narrative about the ex-wife and that changes because he goes on the offense. so had the -- i don't know, maybe i will be as good as my dad. but instead it had been -- actually you will see those later tonight. pulling them together now. ten years i'm going to be better and give you 20. right? had it been something different, i think that's right. he could have spun that narrative different. >> i other candidate in the race, the one that will get the nomination for sure, of course, is president obama, democrat. his state of the union speech is two day as you way and i think the first big campaign speech
opportunity than somebody else. >> last night indicating he will stay in the race. that makes sense because think there there is a lot of feeling newt ginrich may say something -- melissa made a blowing up motion. may do something that -- i want to you weigh in on that right after we take this break. [ female announcer ] experience dual-action power,
generals into the banks. there have been negotiations ongoing between the largest banks and the attorneys general represented by tom miller of iowa about reach something kind of settlement and there have been i did centers from the negati -- dissenters. they don't want a settlement if it allows the banks to escape accountability. sean donovan, the head of hud, under president obama, meeting, believe, with a number of attorneys general tomorrow. we think the reporting indicates to -- talk about the terms of a deal they want to announce in the state of the union. elliott, former attorney general, i -- i wanted to hear you weigh in on your thoughts on this. if this goes back to it looks like it is going to few zbligs short answer, i don't know. i have spoken to a number of folks who are involved enormous pressure being applied by the white house, justice, hud, ags, to acquiesce to a deal, announce
been. the very -- very candidacy of newt gingrich is emblematic that it is not. >> hold on. let me say something. $5 million check written bay loan billionaire to go on the air in south carolina is more than an incremental change. entirety of his media. >> you are missing the point. in so many prior campaigns, almost the entirety of the advertising comes from the same special interests. this was not different. >> one individual. >> so what. >> it is not a democracy. >> power of money to influence the debate has been a pervasive problem for years. >> money had to be collected from multiple individuals. not given by one. >> it could have been one corporation, one union. >> no, it was than. no, it was than. that's not opened up. >> it was. it was in terms of the way it was done. >> this debate has been going on for four years. first thing that worked out on capitol hill is a young guy 1970 with common cause, campaign
renting. if poor people can't afford housing services they need then that's an income transfer payment. we should give them cash. when we tried to get into this complicated housing market and fiddle and adjust and prop up and mitigate, we simply make a lot of windfall profits for automatic kinds of housing than rates. >> ron paul beaming momentarily into the body. >> a lot of what you are describing is something that actually economists are suggesting like making it's easier for banks to turn homes that they -- foreclosing on. i was going to say occupy. that's another -- turning those into rentals. that's what you are talking abo about. >> banks can do that if they wanted to. what he is talking about subsidize the banks for now. we don't need to do that. >> but public housing which was the housing for people on the brink of homelessness and was
few savers in america and that that was in part that -- in part the driver of our economy. that our economy is driven in part -- so largely by -- >> last 10 to 15 years. >> consumption. and i think what i find sort of most obscene about that reality is that post-9/11 as we move flood an era of war we were asked by our government to consume and not to save. when we have previously been asked in the context of war to be savers and to represent our patriotism by sort of stockpiling so we could have something. that's right. we were -- don't be prudent and go out and save, save, save. part of -- i think part of the reason the government has responsibility here is because the government is in part responsible for how we were told to behave in the decade of war that followed september 11. >> i want to turn to slightly related topic which is the fact that -- it is conceptually distinct but all 50 attorneys
are worth more. >> you said something that's technically correct, of course, if i had usua fiduciary responsibility. economists on both the left and right agree that exactly this point you don't write down the principal, consumers generally will not be able to begin to go back into the mark it and spend in an important way long term. it is a mess. >> here is one from the right who doesn't agree with that at all. okay. how much more damage are we bogey to do to the housing market in the name of ownership or of reviving the price structure than the -- damage we have done over the last 30, 40 years? >> i just want to be clear. mitt romney said when he was in nevada, howing market has to find the bottom fame usually. you are saying that's right. >> government needs to get out of the way. and we need to recognize two principles and then we will make headway. one, no virtue in ownership over