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Of his own party is saying that. it's remarkable. >> and the third prominent democratic candidate today to say that, mark udall from colorado said something imearlier in the day. and mary gerk in wisconsin running for governor against scott walker, her campaign said she had scheduling issues so she can't appear with the president. >> in north carolina, kay hagen didn't appear. mary landrieu has been putting as much distance as she can from the president on obamacare. >> joe manchin, the conservative moderate democrat from west virginia who many of those other democrats look to. a form governor...

Stolen in the old fashioned swipe machines at the stores? simon, let me start with you on this. i know in europe, frankly all the rest of the world, right, has a digital kind of a system? what's the difference? >> it has a chip. basically, it sends an authorization code, a different one for every transaction. it's encrypted. it sort of rotates it so you can't just take that and use it again once that encryption, that code is -- >> why don't we have it here? >> well, i think it's because the banks have no incentive to deal with this. there's relatively few banks. we've got less and less banks. ...

Stand your ground in self-defense if you think -- if someone's chasing me with an axe, i can shoot the person, i don't have to see if i can outrun the person. >> it wouldn't be reasonable to expect you to retreat, correct. it wouldn't be reasonable. >> but this whole thing of stand your ground is confusing everybody. it's just self-defense. >> right. >> i think it sends a signal, i think it is a dangerous law. it sort of sendses a signal, you don't have to do anything else. you could more easily use a weapon, i like the ideas if you have a reasonable opportunity to retreat before using deadly ...

You might expect. >> right. >> and here's the thing. what these actions do, as you just described, is they lower interest rates, they create more liquidity in mortgage markets, things like that. and that's helpful. but in an economy that where demand is still weak, it's kind of like you've set the table but you don't really have the customers in there. >> yeah. >> interest rates can be very low. frankly, they're already quite low. there can be -- there's lots of cash sitting on the sidelines that aren't really taking advantage of the low rates we have. so monetary policy gets you part of the w...

>> right. >> i think one of the questions is whether or not we've hit sort of a point in the congress where it can work. the reason i'm personally optimistic about it, i think the housing recovery, which is where recoveries tend to come from -- >> right. >> -- as you know better than me, has begun to take hold enough that this could really be an accelerant. if this is an accelerant of it, this is the real economy, not just liquidity and interest rates somewhere off in -- >> you're more bullish on this as i am. i'm bullish. i'm not as bullish as you. first of all, you're absolutely right. berna...