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head matchup with mibarack obam. kim jong-un's first speech in public. i'm wolf blitzer, you're in "the situation room." it can be a politician's worst enemy as politicians from ronald reagan to barack obama have learned the hard way. now a would be president is having his own open mike moment, mitt romney speaking candidly at a public fund-raiser about eliminating tax deductions and other loopholes. jim, tell our viewers what's going on. >> this is sort of an open mike moment, even though there were no microphones, mitt romney has been reluctant to offer many details to voters. ye...

Would have trillion dollars more. >> heather: how much money is the buffet rule going to raise? >> that is not the issue. i agree that why can't you do both? why can't you do the buffet rule and close the loophole? >> absolutely. this is not going to be a happy moment when it comes for mitt romney. look what happened last time. there is a difference between $800,000 what the president made and paying 20% and $42 million which is what he earned and paying less than 15. that is because you have a little bank account in the bahamas and use the swiss bank. i think on this one, mr. romney is really...

Buffet rule to force the rich to pay more, but critics claim his plan is pure politics, and the press too baffled to dig for real details. >> we just wanted an arrest. we got it. >> following weeks of protests and racial tension, the man who shot trayvon martin gets charged for murder. did the media play a role? details next. that's on " let's play indoors this weekend. all we need is a couple of gallons of our hardest-working paint... ...from the get-it-done place that gives us more top-rated brands than anywhere else...

To call for this idea, that everybody has to do their fair share. if it will help convince folks in congress to make the right choice, we could call it the reagan rule instead of the buffet rule. >> so how about that reagan razzle-dazzle? did the media buy it? >> the rolling you hear is president reagan turning in his grave, to suggest he's a wealth distributor. some folks in the media took him on on this, scot pelly and others on cbs said you can't compare your economic strategies to what president reagan did in office. >> worth noting the president just released his tax returns on friday. $7...

Cancer. and diabetes. and all the other things. and that happens when we raises the best generation and we believe that it is important enough to do what have it takes to do it right. catherine and rosie thank you very much for your perspective. grit to have you both here. [applause]. >> president obama so-called buffet rule just trying to divide working class americans from the rich? i'll ask peter ship about that i'll ask peter ship about that when we come [applause] [ male announcer ] lately, there's been a seismic shift in what passes for common sense. used to be we socked money away and e...