in my hands the only copy of the build an bill and the white was issuing already a veto threat and it was tabled without any discussion or debate. we need a serious discussion in this country about cut cap and balance about specifically about a balanced budget amendment. shannon: on the folks on the other side of you, they say what you are sending them is not a compromise, all one sided and only for the republicans and, of course, they are not going to vote on it. how do you respond? they should at least debate it or amend it. whatenate i don t know bahar they do over there other than the potluck winner with the wheel chair bingo. we produce cut cap and balance and have been out there trying to be as compromising as we possibly can. for a guy like me to vote to
can washington patch up the damage it has done? u.s. investors will be watching carefully. traditionally in downs like this, a smart, big investor says stocks are cheaper and jumps in. you might want to wait until you see such action before you make sufficient a move. shannon, back to you. shannon: now that the s&p has downgraded us we heard talk about how long it could take to earn back a aaa. that it may require severe choices and changes. what is the prospect for us possibly regaining that? it was a very, very dramatic move. i think the biased right now is to take it lower. i think it would take tremendous work by this committee to actually cut the debt. it might mean higher tax increases. that hasn t been said that is the other side of lower spending to raise taxes. that of course won t go over
hoping for a good result and really going from there. okay. so in iowa obviously we know that it tends to be some where that is better for more socially conservative candidates. evangelicals and michele bachmann and tim pawlenty and others who are outspoken about their faith and you are prochoice and take a different stand on gay unions and marriage and legalization of certain substances that are currently illegal. do you think you would have any chance to resonate with iowa voters out there? sure, i absolutely do. i think that the republican party is going to nominate a candidate that is going to lead with social issues meaning stick the chin out i m all about social issues, i don t think republicans are going to be successful in in upcoming presidential election. so of course, i m puting that to the test. i really believe that republicans need to be first and foremost about the pocketbook. i m in the camp that believes
participating in the ames straw poll. he is in new hampshire and joins us live from there. governor, great to see you today. shannon, great to be on, thanks. shannon: tell us why you are not spending a whole lot of time in iowa. i m the least known governor out of all of the candidates. i m the least known candidate running for president of the united states. they did a poll six weeks guy on all of the presidential candidates and their favorabilities in their own state. there is only one presidential candidate viewed favorably in his or her own state, me and i m in last place, i m the least known. it is kind of a resource deal. it costs a lot of money to be in ames. it is votes for barbecue kind of thing that we really can t afford. we will put the chips on the table here in new hampshire, the first primary state. of course, iowa s a caucus state, a little bit not just a little bit different but a lot different. going to put the chips on the table here in new hampshire
geico, saving people money on more than just car insurance. shannon: world lead hes trying to deal with the fallout from america s downgrading. high level ministers plan to meet before the asian markets open our time tonight. fox news, of course, wants to keep you updated on the very latest in this credit downgrade. so we will have very special business coverage tonight with fox news you channel second simulcasting with fox business