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america and china's taiwan faceoff. tonight, tensions escalate ahead of speaker nancy pelosi's possible trip to the self-governed island. adam yamaguchi is there tonight as war games with uh underway. >> the fact we're seeing an amphibious assault suggests that the taiwanese think the chinese will take islands in the south china sea and -- >> dickerson: another supply chain log jam in the warning from the nation's businessiest port. terror shark encounters. what had swimmers racing to shore. and renning the life and careers of two americans icons and thee. ♪ ♪ ♪ this is the "cb...

Election. it reminds me very much of 1980. i was around in america. >> tell us what it was like back then. >> you wouldn't believe it. >> way back routine. >> no, you had carter vs. reagan. reagan wanted to expand the economy with tax cuts. president carter had not exactly a government kind of guy but himself in a lot of trouble with the economy. that was a stark choice back in 1980. i think that's reflected in 2012. >> with the 2012, i remember 1980, too. i remember the gas lines of the carter administration and i remember home mortgages were 18% in some instances. but like ali said, you've g...

And reconnaissance. >> sean: churchill, chamberlain, peace in our time. carter vs. reagan, peace through strength, trust but verify and the appeasement policies of carter.ç for the prism of that history where does barack obama stand? >> one of the misstatements he made this week reaffirmed by his secretary of state hillary clinton, both ever saying, we are going to be the dominant military force as we've always been. i hate to tell them this. in 1941 we were not the dominant military force. it took us two years to gerd up to fight world war ii. -- first offensive operations in world war ii a...

And reconnaissance. >> sean: churchill, chamberlain, peace in our time. carter vs. reagan, peace through strength, trust but verify and the appeasement policies of carter.ç for the prism of that history where does barack obama stand? >> one of the misstatements he made this week reaffirmed by his secretary of state hillary clinton, both ever saying, we are going to be the dominant military force as we've always been. i hate to tell them this. in 1941 we were not the dominant military force. it took us two years to gerd up to fight world war ii. -- first offensive operations in world war ii a...