debt problems. let s bring in our chief business correspondent ali velshi who is watching all of this. we re about to know any minute now, ali, how much the stock will go for. bottom line is they could take hours. we think it will come out very, very quickly. the top of the range is $38, all indications are that facebook is oversubscribed. there are more people who want to buy the stock than there are stocks available and as a result they re going to the high end of the range and they can go higher, but we re thinking about $38 and that is the price at which institutional investors will get it. that s not the price that retail investors at 9:30 who want to buy it are going to get it. it s important to understand. look at that loss on the dow. that s got nothing to do with facebook. that has more to do with what s going on in europe and the average person, greece has more to do with your economic life than facebook. there will be a whole bunch of people who will get a lot ri
choose to incorporate in delaware. let me ask you about what apple is doing. do you say apple is doing the wrong thing or you cannot criticize because of the way delaware competes for business tax money? well, again, the taxes are really not central to why companies choose to incorporate here. i think companies are taking advantage of different tax provisions in different countries i think that is something for us to take a look at. i wrote an article saying we have to be compared to compete with the tax system around the world when we see companies choosing to leave the u.s. and go elsewhere. they moved their head quarters from chicago to london in part they said because of tax reasons. i think we have to be prepared to look at that so we have more companies choosing to locate here both for incorporation and
plus, the shocking end to an equally shocking case in saudi arabia. a woman beheaded for witchcraft. i m wolf blitzer, you re in the situation room. just 24 hours ago, the mud was flying between newt gingrich and mitt romney as they campaigned in the first primary state of new hampshire. now gingrich is vowing to run a clean campaign and refrain from initiating the kind of attacks that have come to characterize the modern race for the white house. some question, though, whether newt gingrich means it, whether he can live up to that commitment. joe johns is working the story for us. what are you finding out? well, wolf, the last few days have certainly been ugly, but now both candidates are saying they re going to do what a lot of voters have said they want and that is have a campaign that is free of negativism. of course, newt gingrich, the former speaker of the house running for president has gone as far to put his words actually in writing. though a lot of people out th
position? absolutely. only 18% of the population in fact thinks that they will be better off under obamacare. what john is missing the point is in this bill,ç they rushed through all of a sudden, nancy pelosi is right they had to get it passed before we found out what was in it or what is not in it. there is not a provision to eliminate the marriage tax penalty. the bush tax cuts of 2003 did that. we ve extended that until the end of 2012, in regard to taxation and filing jointly and encouraging people not just to co-habit for tax reasons but to actually get married. we believe in the sanctity of marriage that was not provided for in obamacare in i think when john guess back and reads the bill or has his staff inform him about that, thatç was one other provision like the lack of severability of
rattner was writing something down. if you go back to 2000, you have 21% of our government budget sorry, our gdp came in the form of rev news and that has gone down. we have a spending problem and revenue problem. we have from surplus to huge deficit. it occurred for spending reasons and tax reasons. if you look at the two lines, the red line is spending going way up and the blue line is revenues going way down at the same time, and this looks like the perfect storm. yeah, you will see we are way above historic averages on the spending side and on the revenue side. it gets to the point where we need both to close the gap. one or another loan is not going to get us back to where we were in 2000. what kind of tax reform do