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rhetoric certainly is getting sharper. and there are seven major candidates now but after seven more days, will some of those candidates start falling by the wayside on the campaign trail? that s coming up in our strategy session this hour. i m wolf blitzer. you re in the situation room. we re here in dubuque. a bit chilly but no snow. it s getting ready, a week from today, the iowa caucuses. you re looking at live pictures from dubuque. this will be the first state to have an impact on the 2012 presidential campaign, and it s all happening here in iowa. the republican caucuses candidate are out on the campaign trail today. they re scrambling to cover as much ground as they possibly can. newt gingrich slipping a bit, but still among the leaders. he s ready to roll across the state by bus. he ll join me live here in dubuque later this hour for an in-depth interview, but let s begin with cnn s jim acosta, he s in des moines, the state capital. iowa certainly very much ....
issue many people thought would settle. i m wolf blitzer. you re in the the situation room. president obama is going around congress for his latest plan. he is out west focusing in on the ongoing housing crisis that continues to drag down the u.s. economy. he wants it make it easier for a homeowners who are under water to refinance and he is unveiling his plan in one of hardest hit housing markets in the country. we are talking about las vegas nevada. jessica is joining us now with details. jessica, what is the president doing? he is rolling out a new plan to help homeowners drowning in massive mortgage payments who can t take advantage of the historically low interest rates because the value of their home has plummeted. that s the policy but there s politics here too. nevada, a must-win for the president in 2012. statewide home values have fallen 53% since the height of the crisis, 59% in las vegas. so that s where the president is unveiling his latest housing pl ....
is he eating? is she sleeping? well, you know, it s been very tough for her. you know, especially these last three hearings. it s been, you know, everything against her. so, you know, with literally her life hanging in the balance of what the decision is in the courtroom, it s very tough to sleep. she has been thinning down a bit too. were you, kurt, in court today when that lawyer called your daughter a sex-loving she-devil? yeah. you know, it was this particular lawyer, you know, even during the first trial essentially did the same thing. it was extraordinarily hard to listen to. it was even harder for amanda because, you know, she hears it all in italian and can understand it where i can only understand bits and pieces of it. i can see her wincing periodically. it was very tough for her. what i find very hard to believe is how this person can start calling her that when he s never even talked to her, never met her, and never really knows who she really is. th ....
explained his plan today. we have to prioritize. both parties agree that we need to reduce the deficit by the same amount, $4 trillion. so what choices are we going to make to reach that goal? either we ask the wealthiest americans to pay their fair share in taxes railroor ask seno pay more for medicare. we can t afford to do both. either we gut education and medical research or we ve got to reform the tax code so that the most profitable corporations have to give up tax loophole that s other companies don t get. we can t afford to do both. this is not class warfare. it s math. so let s take it this a step further. let me explain his reference to class warfare. a lot of top republicans say that s what the president is, they say that asking the wealthiest americans to pay more taxes is just simply unfair. and they reject any tax increase saying it it s bad for our fragile economy. the president sent his treasury secretary out to sell his plan. the first question he f ....