Transcripts For CNNW The Situation Room 20120713 : compareme

Transcripts For CNNW The Situation Room 20120713



as we await jim acosta's interview with mitt romney, there are important new developments in a search for a running mate. we're seeing reports that there is now a short list of possibilities and the biggest name on that so-called short list is the former secretary of state, condoleezza rice. let's bring in dana bash. she's working the story for us. the name has been floated out there for a while. but all of a sudden it's getting a bit more imptous. >> interesting you used the term floated. there's no question this is a trial balloon and a clever way for the romney campaign to change the sject from a whole bunch of things they would probably rather not talk about today. but since we do know that there are a few people, the romneys and one or two other staffers who really know what's going on with regard to him choosing a vice presidential running mate, we figured we'd bite. condoleezza rice for veep? before we go a to z with pros and cons, let's start with why. why team romney may have floated the balloon now. >> i'm going to work to reform and save -- >> reporter: romney getting booed at the naacp was running on a virtual loop. then suddenly an exclusive about a black woman being considered for romney's running mate pops on the drudge report. according to gop sources the go-to blog for a top romney aide when he wants to change the narrative. still, it's worth exploring. rice the running mate. first the condi pros. there are many. beginning with aforementioned would make the influential and romney happy. >> do you think he should nominate a woman? >> we've been looking at that. and i'd love that option as well. >> reporter: rice has never run for office, but she's no stranger to presidential politics. by george w. bush's side during his campaigns. she's an intellectual with a good personal story. and a concert pianist. the former secretary of state and national security advisor would bring some needed foreign policy chops to romney's ticket, which brings us to the condi cons. she was a central bush administration player making the case for the iraq war, warning about saddam hussein's weapons of mass destruction that turned out not to exist. >> there will always be some uncertainty about how quickly he can acquire nuclear weapons. but we don't want the smoking gun to be a mushroom cloud. >> reporter: some gop sources tell cnn they can't imagine romney would want to reopen wounds from the bush years. last but hardly least, rice's stance on abortion. she calls herself "mildly pro-choice". >> i worry about the government being involved in, but i'm like most americans. i think abortion is a terrible thing. >> reporter: one anti-abortion group already e-mailed around this clip of romney last year saying the running mates he would consider would be anti-abortion. >> i would expect they would all be pro-life and pro-traditional marriage. >> reporter: several prominent conservative leaders tell cnn rice's abortion stance disqualifies her because there's so much distrust of romney on the issue. >> he needs to have a running mate who is without question pro-life. but rather who has a portfolio of leading out on that issue and being a voice for the unborn. >> now, it's important to note that rice herself has had multiple times including to our own piers morgan that she doesn't want the job. and her statents appear to be more airtight and a bit more genuine that others who have said the same thing. though the timing of this trial balloon may be suspect, gop sources tell cnn some of romney advisors are and have been pushing for her so much wolf that i spoke with a prominent evangelical leader today he heard this last week and called the romney campaign said please tell me this is not true because republicans and the base would not be happy about it. and hurt the base and not excite it. >> you have to weigh the pros and cons. you pointed out, there are pros and cons if you are the republican presidential candidate. dana, thanks very much. >> thank you. >> once again mitt romney is in "the situation room." jim acosta's getting ready to ask him some of the questions. maybe he'll ask about condoleezza rice. that interview will air in its entirety at exactly 6:00 p.m. eastern, 6:00 p.m. eastern right here in "the situation room." president obama's campaigning in virginia this hour trying to hold a long-time red state. he became the first democrat to carry since lyndon johnson in the '60s. jessica yellin is joining us now. she's keeping tabs on the president's travels. jessica, he's doing a lot of traveling. >> reporter: he is increasingly, wolf. and the most recent polling shows that the president in virginia is ahead of romney in the state by five points, but that doesn't necessarily mean all that much for the obama campaign. because the same poll shows that 6% of voters there are still undecided. that means that state is up for grabs. and today the president went after that state's military vote. last time president obama won virginia by six points. >> when we win virginia, we're going to have won the election. >> reporter: this time he'll have to fight just as hard. >> i am going to need you more than ever in 2012. >> reporter: at least 12% of virginians have ties to the military, and the president is targeting their vote. >> we have gone after al qaeda, decimated their leadership ranks, taken out osama bin laden. [ cheers and applause ] so now i think it's a good time for us to take half of those savings that we've gotten from winding down these wars, use half of it to pay for the deficit. use the other half to do some nation building here at home. [ cheers and applause ] >> reporter: the romney campaign is vying for this group as well. in a letter printed in the virginia pilot newspaper, the republican candidate said of the president, the defense cuts you signed into law will hit virginians hard and potentially shutter virginia's military bases. he's referring in part to the threat of almost $500 billion in defense cuts that will kick in along with cuts to medicare and otr programs if congress can't agree on a long-term deficit reduction plan by next year. virginia as a battleground is a new political reality. >> virginia has changed. it's no longer that deep south state that is very red, very republican. it is now more of a swing state because of the dc suburbs in northern virginia. but it also says that this race is going to be so close nationally that a handful of states matter. and the swingiest looks to be virginia. >> reporter: and, wolf, with so much government work in virginia, unemployment there is at 5.6%, that's well below the national rate. that's a fact the president hopes will play well in his favor. >> he's going to have to energize the african-american vote in virginia to make sure they show up like they did four years ago in the northern part of the state, elsewhere if he's going to be able to carry virginia. i assume they're working on that. >> reporter: that's right. 20% of that state's population is african-american. and they are aggressively targing those voters as well. as you point out, the goal there they are already supporters of the president, the goal is to keep the turnout rate just as high as it was in 2008. and, yes, they are working on it aggressively. >> that's a major, major challenge. thanks so much, jessica yellin. we're expecting president obama to deliver another speech in virginia this hour. you're looking at live pictures right there. we're going to show you some of the highlights and maybe carry some of it live as well. the president of the united states getting ready to speak to another group in virginia. our political director, mark preston, is joining us now here in "the situation room." mark, as you know, our own jim acosta getting ready to do an important interview, sensive subjects with mitt romney. what does romney need to do on this day to get some of these other controversial issues behind him so he can move on and talk about the economy? >> two things. he needs to change the subject clearly. there's been a lot of questions about whether -- what time did he leave bain capital, but he really needs to focus on not only getting past that, but to focus on the economy. that's where he really shines his best. he needs to talk about how, wolf, he can be a job-creator. how him as a businessman should be the ceo that leads the country at this time. and what's interesting is i think this could be the beginning of the message war that we're seeing in the presidential campaign. we saw president obama do an interview with cbs which will run in length on sunday. and now we see these interviews that mitt romney's conducting today hastily put together, very quickly put together. he's talking to everybody. and i think we're starting to see mitt romney come a little bit out of his shell that we haven't seen in the past. >> how vulnerable is he on the refusal so far to release one year, maybe two years assuming he releases 2011 income tax returns, he's filed an extension for that. how vulnerable is he if he doesn't release several years passed? >> it feeds into a narrative that he's being very secretive about what his holdings are, how wealthy he is, and to a larger picture, what is he going to be like if he's president? is he going to be as secretive and open? that's why we're seeing the obama campaign hit very hard. interesting to hear president clinton come out the only way president clinton could not necessarily to attack mitt romney, but what he did was to say he was perplexed and surprised. >> he was so smooth. >> he was so smooth. surprised he wouldn't release this information. >> on the whole issue of bain capital, what's the difference -- why is it such a big deal if he left in 1999 as oppose today 2002? we know in 2000, 2001, 2002 he was effectively running the winter olympic games in salt lake city. why is it such a big subject? >> one issue is the fact did mitt romney lie to us? did he lie to the voters and say in fact he had left bain capital when he had not? >> he said he left i1999, but some documents show including one with the s.e.c. that he was still there in 2000 and 2001. >> still very much in control in 2000 and 2001. it comes through a credibility issue. is he being credibility and honest? at the same time it goes to the issue john king has a piece on cnn.com now km talks about one of the bain capital investments. one was in a firm that discarded fetuses, a medical company. and that could hurt mitt romney when it really comes down to social conservative voters in the final week and john really details that as well. >> yes. the other sensitive issue is the outsourcing because the allegations were that after 1999 bain capital was dealing with some companies that were outsourcing american jobs overseas and not necessarily before. he says he wasn't involved in bain capital when they were doing it. but if he was involved, that would be another sensitive matter. >> it would be another sensitive matter and you hear the obama campaign call in the insourcer in chief and mitt romney would be the outsourcer in chief. that would play poorly in states like ohio and the rust belt. >> thank you, mark preston. our political director. once again, we're standing by, we're going to hear from mitt romney in "the situation room." he's going one-on-one with our political correspondent jim acosta. jim will join us live later this hour. the full interview with mitt romney will air at 6:00 p.m. eastern in our brand new 6:00 p.m. eastern "the situation room" hour. up next, jpmorgan chase finally discloses how much they lost on this year's rather disastrous trades. the number's a lot, a lot bigger than officials first led us to believe. and researchers say chemicals, perfumes, cosmetics and plastic packaging may, repeat may, be linked to diabetes. ♪ hajimemashite. hajimemashite. hajimemashite. you guys like football ? 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( laughter ) why's the new guy sending me emails from paris ? paris, france ? verizon's 4g lte devices are global-ready. plus, global data for just $25. only from verizon. president-elect of the united states of america. >> excitement in virginia right now. looking at live pictures. they're getting ready to introduce the president of the united states, president obama will be speaking at a campaign event there. we're going to take some of that live. you'll see it here in "the situation room" this hour. virginia obviously a key, key battleground state. other news we're following right now including jpmorgan chase. it now says the disastrous investments officials first disclosed back in may were much, much more costly than anyone guessed. $5.8 billion, billion, so far this year. originally they thought it was about $2 billion. but get this, the bank's stock still went up today. cnn's alison kosik is joining us from new york right now. all right. alison, a massive loss, more than $5 billion. that's what we know. we were originally told it was about $2 billion. >> right. >> but the company stock goes up. go ahead and explain what's going on. >> reporter: and you know, just so owe now, that trading loss is expected to go even higher. anyway, wall street is still pretty darn happy about it. jpmorgan shares rallied today up almost 6%. because, wolf, the way investors see it, they feel the worst is behind jpmorgan. they knew these big losses were coming. and guess what? they didn't think they were that bad after all. even with the controversy, jpmorgan has still made $5 billion for the april through june quarter, the second quarter. and it's made $9.9 billion so far this year. plus, jamie dimon, the ceo of jpmorgan chase said they actually may make money on these risky trades that they made that they're unwinding. outside of this trading disaster, business is good atd jpmorgan, investment, retail and loan business. >> explain this to our viewers. a lot of them have 401(k)s how does this huge loss $5 billion or so for jpmorgan affect their 401(k)s. it's the largest bank in the united states. >> most people don't realize it's in a lot of their everyday investments. look at the total value held by mutual funds, it's actually more than $50 million. one person we talked with tells us that it's really tough to quantify at this point, but the trading loss isn't really likely to have a huge impact on your investments. you know, even with jpmorgan shares sliding 16% since this trading loss was revealed in may, shares of jpmorgan chase, they're still up 4.5% for the year. so at least some investors may be making some money on jpmorgan shares despite this huge controversy. >> huge controversy indeed. thanks very much. good reporting, alison kosik. mitt romney takes a break from fund raising to talk to us. we're going to have a one-on-one interview with the republican presidential candidate. our own jim acosta will ask him about his tax returns, his departure from bain capital among other subjects. the interview will air exactly at 6:00 p.m. eastern in our new hour. also, another staggering death toll coming out of syria. protesters are demanding international intervention. i go? 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got anybody here? >> mark warner, he's pumping up the crowd. they're getting ready in hampton, virginia, to hear the president of the united states. as i've been pointing out, virginia being a key battleground state. they're all excited in virginia about some of the president's remarks live. we'll see what he has to say especially about his opponent mitt romney. mitt romney is sitting down with our own jim acosta for an interview. that will air at 6:00 p.m. eastern here in "the situation room." but there's other news we're following as well including word of a massacre, another massacre in syria. and demands for an international envoy's removal. lisa sylvester's here. she's monitoring that, some other top stories in "the situation room" right now. so what's going on? >> hi there, wolf. well, the opposition reports syrian regime forces targeted a village and killed over 200 people late last night. opposition says yesterday's death toll was 287 making it the bloodiest day since the uprising began. special envoy kofi annan is ineffective and should be removed. we'll hear from two experts on syria within the next hour. rick santorum will make his first official campaign appearance for mitt romney tomorrow in pittsburgh. just a few days ago santorum said he hadn't been in contact with the campaign. the former senator has clashed with romney over immigration and health care issues. even after santorum suspended his own presidential bid, it took him nearly a month to endorse mitt romney. and researchers say a commonly used chemical in perfumes, plastics, packaging and cosmetics may be linked to diabetes in women. a new study finds women with the highest level were twice at risk of having diabetes. one doctor says even if products say they're tlat free, the packaging still contains. and a chance to own arsenal of a couple legendary gangsters. arson officials expect two guns recovered from bonnie and clyde to go for $45,000 each. the colt 45 was strapped to one of bonnie parker's legs. the auction will be held september 30th. each one of those guns expected to fetch about $100,000. >> might even get more. people like that stuff. thank you. the questions are mounting. we're going to get some answers in our one-on-one interview with mitt romney with his career at bain capital among other subjects. the interview will air at 6:00 p.m. eastern. and charges in a conspiracy to supply iran with the ingredients to make nuclear weapons. we have details of that case. that's coming up in our 5:00 p.m. eastern hour. i have to know the weather patterns. i upgraded to the new sprint direct connect. so i can get three times the coverage. 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