he wants to raise the capital gains tax to 28%, and add new fees on the nation s biggest financial institutions and banks. but republicans say the president s tax agenda is a nonstarter and there s no way they will support any tax increases. t.j., reena. karen, thank you. george stephanopoulos will lead our coverage tonight as we cover the state of the union and the republican response. join us live at 9:00 eastern tonight. president obama commemorated the martin luther king holiday by taking part in an annual tradition, a day of service in king s honor. the president and mrs. obama and their oldest daughter malia joined a boys and girls club and helped color with the kids and reading as well. marches were held across the country yesterday calling for the end of racial injustice. in new york, the crowd walked from harlem to the u.n. saying they were paying tribute to dr. king by reclaiming his dream. the event kicked off peace week to honor his commitment to
what is his economic plan. tax agenda to make capital more attractive. specifically. reducing tax rates across the board making it easier and less expensive to invest in american companies. deregulation. putting a fine tooth comb to the regulatory regime so it s easier to deploy capital from abroad. in short, it s a very competitive regime. real quick, what s good about the ad, the devil you know versus the unknown. now, they are painting a picture, literally. no, this is day one. it goes after what i call a blank page scare. it s a very effective ad. do you think the romney campaign has done a good job sticking to the economy? we saw it yesterday. romney tried to swing back to the economy.
jury s hand. what they tell us about the deliberations. we begin this evening with what you might call the facebook hangover. after the hype and buildup after the initial offering of stock, trading started late, price didn t sky rock and facebook closed essentially flat, just $0.23 higher than the opening. at least facebook was up. dow industrials, nasdaq, s&p 500 closed out their worst week of the year. discuss with business correspondent ali velshi. let s start with facebook. what happened? generally you set a price for a stock, $38 in this case that is posed to create enough demand the stock goes up. early stage investors get to sell that stock. they are happy, investors are happy. they get the stock at a good price, we all live happily ever affiliated. as you cy, trading late. seemed to be technical problem at the nasdaq. more than 500 million shares traded by the end of the day. just to give you perspective, on a normal day microsoft will trade 50 million shares, app
determines their success in life. then we ll have a bunch of people sitting on a couch waiting for the next government check. that s new jersey s governor chris christie. he s endorsed governor mitt romney for president. who knows, the two could be running together against president obama in the fall if romney taps christie to be his vice presidential candidate. threats to hard work is hardly a new issue for president obama either. it was a central team in the kansas speech the president used to lay out his economic agenda at the end of last year. listen. for most americans the basic bargain that made this country great has eroded. long before the recession hit, hard work stopped paying off for too many people. fewer and fewer of the folks who contributed to the success of our economy actually benefited from that success. now, the president is referring to the wealthy when he talks about those precious few who are seeing the benefits of this economy. stephen moore an ed
believe this is a place where only their willingness to work hard and to act with honor and integrity and ingenuity determines their success in life. then we ll have a bunch of people sitting on a couch waiting for the next government check. that s new jersey s governor chris christie. he s endorsed governor mitt romney for president. who knows, the two could be running against president obama in the fall if romney taps christie to be his vice presidential candidate. threats to hard work is hardly a new issue for president obama either. it was a central team in the kansas speech he used to lay out his economic agenda at the end of last year. listen. for most americans the basic bargain that made this country great has eroded. long before the recession hit, hard work topped paying off for too many people. fewer and fewer of the folks who contributed to the success of our economy actually benefited from that success. now, the president is referring to the wealthy when he