hoping to take on the candidate who may pose the greatest challenge to president obama. we are talking about mitt romney. herman cain is live with us here in the situation room this hour. we will talk about what is behind declined in the recent polls. criticism of his 9-9-9 tax plan and much more. i m wolf blitzer, you re in the situation room. he s the only candidate whose been consistently at the top of the polls in the volatile republican race for the white house. that has mitt romney increasingly targeted by president obama s supporters. now in an unusual move, the democratic national committee is targeting romney in an effort to sway the gop nominated contest pmt cnn s joe john says working the scene for us. joe, what is going on here. it raises the question, whose primary is this anyway. it was much easier to keep track of this when it was just republicans fighting among themselves. the latest in the republican battle comes from the democratic national committee,
for the wall street journal and david gergen. what was behind the selloff, er? i was talking to a few investors today what ben bernanke said yesterday, anderson what is the market expected him to same we know things are weak we know europe is a very severe issue but him saying it, even though they knew he was going to say it makes people more worried, people are kind of looking for nothing hold on to, maybe for a little bit of hope, why you see this people are saying this is a rather dramatic selloff and might see stablization that isn t the same thing as saying we aren t in a real economic problem. we know that we are. and steven, seems like the markets were also underwhelmeded by the fed s latest moves to kick start the economisome there anything at this point that policymakers can do to raise expectations? certainly not the fed. anderson, certainly not the fed. the fed has been deluging the economy with money for the last three years and the idea of more purchases
saying it, even though they knew he was going to say it makes people more worried, people are kind of looking for nothing hold on to, maybe for a little bit of hope, why you see this people are saying this is a rather dramatic selloff and might see stabilization that isn t the same thing as saying we aren t in a real economic problem. we know that we are. and steven, seems like the markets were also underwhelmed by the by the fed s latest moves to kick start the economy. is there anything at this point that policymakers can do to raise expectations? certainly not the fed. anderson, certainly not the fed. the fed has been deluging the economy with money for the last three years and the idea of more purchases of government bonds by the fed, which is what ben bernanke announced yesterday, i m not sure sure they had a very camel effect. i think erin is right. i think the president s message this week wasn t very helpful. as you know, anderson, on monday, the president announc
phone hacking scandal that doomed a best-selling tabloid and rocked the very pillars of society. today, the parliamentary committee that grilled rupert murdoch and his son james last month released letters suggesting that illegal snooping, hacking, eavesdropping, were a lot more common at the now defunct news of the world than the murdochs led on. one such letter is from a reporter named clive goodman who was sacked and jailed for hacking the cell phones of the royal family. he writes to his paper s human resources department, this decision is inconsistent because, here s a name blacked out, and other members of staff were carrying out the same illegal procedures. he says this practice was widely discussed in the daily editorial conference until explicit reference to it was banned by the editor. now james murdoch appears to have some explaining to do. highly likely james murdoch will be invited back to give evidence. before that we want to take a very detailed account of