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CNNW The Situation Room With Wolf Blitzer August 12, 2011



could affect all of us, including our own mail delivery. i m wolf blitzer, you re in the situation room. jtsdzer. it all begins in iowa. right now many of the republican presidential candidates are in that state, a state that holds the lead-off contest in 2012. they re working the crowds at the state fair before tomorrow s pivotal iowa straw poll. and they re taking direct aim at president obama s handling of the debt crisis and the u.s. economy. listen to some of the republican hopefuls, including sarah palin, who insists she still hasn t decided whether to run. i think the question should be asked, is the president responsible for the down grade? i would say yes. from the top, that leadership starts from the top. look what happened two weeks ago. when barack obama s back was against the wall. what did he do to try to scare americans to call their members of congress? he threatened social security recipients that their money wouldn t be there. he threatened med ....

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CNNW CNN Newsroom August 12, 2011



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 temporary ban on short selling. what short selling is is when investors bet that a stock will go down in its price, and europe s version of our securities and exchange commission, it put a temporary ban for 15 days on several european countries, including france, italy, spain, and belgium to put a ban on this practice to stabilize the markets after we have seen the extreme moves over the past we ....

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