above politics. from the very moment that barack obama took his hand off that bible on that cold january day in the mall he s done just that. he has put country first. [applause] when the economy was about to go over the cliff i watched him make some of the toughest decisions any president has had to make since franklin delano roosevelt. he saved the nation s financial system. in doing so he prevented a worldwide depression. it wasn t a popular decision but it was an essential decision and he was right. along we need the national phones aol system to function and credit to flow again. he stepped up to rescue the automobile industry. it was not popular. it was not popular [applause] but it was critical and he was right. jon: vice president joe biden addressing the crowd at the naacp convention in houston. if you want to watch the
they think mitt romney is better for the economy than barack obama and majority of american people agree with that. jon: is the economy a millstone for the president, robert? oh absolutely. for both candidates because it is a millstone for the american people. american people want to know what is the romney plan, not just lower taxes and repeal obamacare on which romneycare was designed. the, the money question, barack obama and the democrats raised a lot more money in the first half of the year. they have as much or more cash on hand. jon: actually, they didn t report cash on hand, did they in the last go round. i don t think they did. that s right. one of the challenges for money, where are you getting your money? as this money comes in a lot is coming from wall street and lot of it is coming anonymously. anonymous money in american politics is anti-american in my view and a lot of people s view. i think it will be huge pressure on romney campaign to disclose where these big chec
champagne, sam? are we ready to go that far or do we need a strong dose of reality when it comes to the housing market? we should have a tempered view. over last couple years the data hasn tcations of fits and starts of improvements in the housing market. increases sales volume and firming of prices. we need to look a little deeper and understand it is still very difficult to qualify for a mortgage. that is limiting the capacity of young households that drive a lot of net new demand to make their way into the housing market. i think a big part of this we have got these modest improvements in the context of 30-year residential mortgage rates that are at historic lows and we have to ask the question, how sustainable are these improvements if on one hand we have a slowdown in job growth which is critical to driving demand but also we inevitably face the fact that interest rates are going to rice, mortgages will get more expensive. not sure it will be easy to