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Detailed text transcripts for TV channel - CNN - 20120108:20:13:00

Don t support that is because this consumer financial protection bureau is bad for jobs. what do you have to say for that? the argument is going to be made, ali, at least at the surface level the consumer financial protection bureau is a problem structurally. we have ftc, fdic, alphabet soup of government watch dogs that have done a poor job. making this uber agency, it would be with a huge amount of power, you re not going to solve the watchdog problem. there is a bigger argument at the roof of it. transactions between the consumer and bank or credit card company are voluntary transactions that do not need the government being the arbiter of the transactions. the argument from cordray it s too complicated for the consumer to understand. we all sign credit card agreement, bank card agreements, we know they are 10, 20 pages long. when you skip to the back page without reading it, you know you re doing that bad. by outsourcing that judgment to the government, you re not going to solve ....

Ali Velshi , Consumer Financial Protection Bureau , Watchdog Problem , Huber Agency , Alphabet Soup , Richard Cordray , Credit Card Company , Back Page , Credit Card Agreement , Bank Card Agreements ,

Transcripts For CNNW Your Money 20120108



as we count down to new hampshire, the economy is still the driving force in the minds of voters in the united states. but is it the driving force in the republican primary? welcome to your money. i m ali velshi. the latest cnn/opinion research corporation poll shows 57% of americans think that the economy is the most important issue facing this country. i want to bring in cnn senior political analyst david gergen. david, the polls say mitt romney has the best chance to beat president obama in the republican field. do conservatives still reluctant to get behind romney feel he lacks what it takes to turn the economy around or is it something else all together? he is actually doing well when people asked is your most important issue the economy in iowa. he won a healthy plurality of those voters who thought the economy was number one. he s having some trouble connecting with voters emotionally. they seem stiff, reserved, can t quite understand him, santorum in the cas ....

President Obama , David Gergen , Mitt Romney , Can T , Ron Paul , Iowa Survey , Rick Santorum , New Hampshire , Will Cain , Manufacturing Jobs , Blue Collar Workers , Manufacturing Strategy , Point David , Michele Bachmann , Herman Cain , Rick Perry , It S , Newt Gingrich , In The End , Free Trade Agreements , Medicare Part D , Tax Rate , Mark Skoda , Tea Party , Let S Go , Mitt Romney Road ,