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october 2010. >> thanks to a gigantic loophole, they can spend unlimited amounts without disclosing where the money is coming from. we don't know if it's from the oil industry, if it's from banks, if it's insurance companies. could be coming overseas. we don't know. they won't tell you. they don't want you to know. they don't want you to know. they won't stand behind what they do. this isn't just a threat to democrats. this is a threat to our democracy. >> president obama, that was october 2010. here he is a few weeks earlier identifying some of the groups he considered culprits and ...

that the president is doing this at all because it represents 180-degree shift, a total reversal in his prior position on super pac money. listen to what he said back in october of 2010. >> thanks to a gigantic loophole, these special interests can spend unlimited amounts without even disclosing where the money is coming from. we don't know where it's coming from. is it from the oil industry? we don't know if it's from banks. we don't know if it's insurance companies. could be coming overseas. we don't know. they won't tell you. they don't want you to know. they don't want you to kno...

shopping sprees, but are still out there spending and that's good. the dow fell to the lowest level in 30 years, but we are not seeing the wild swings we saw all week. the dow closed down 600 on monday and up 400 on tuesday and down 500 points on wednesday and up 400 yesterday, and it was the first time in the dow's history we have seen closing numbers like this. drew? >> you could probably measure the heartbeat of traders the same way, up and down. tell us what happened in europe? they are trying to prevent the wild up and down swings. >> what they are doing is they are putting a te...

split, 6-6 along party lines. they'll have until thanksgiving to come up with a package of cuts and/or taxes to get the $1.5 trillion. now, congress would then vote up or down on the entire chunk. they have to vote. but remember, the supercommittee was set up to do what congress and the white house failed to do. keeping them honest tonight, it's not like this is the first time politicians have decided to set up a committee to do what they themselves have failed to do. in targets we have all been to this rodeo before. >> this commission has given us a warning for the future. but you h...

leaders each get to name three members. meaning the panel will be evenly split, 6-6 along party lines. they'll have until thanksgiving to come up with a package of cuts and/or taxes to get the $1.5 trillion. now, congress would then vote up or down on the entire chunk. they have to vote. but remember, the supercommittee was set up to do what congress and the white house failed to do. keeping them honest tonight, it's not like this is the first time politicians have decided to set up a committee to do what they themselves have failed to do. in targets we have all been to this rodeo be...