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President said last night, we could see in a drop in the dollar, a spike in interest rates that would lead to higher mortgages, higher credit loans. a double dip recession which would be the most dangerous part. tax receipts would fall further and we d be in this vicious cycle of bigger deficits. there is a risk. there are obviously a couple of weeks with which to play. next tuesday may not be the drop dead point in this process. until and unless they get an agreement, wall street will get increasingly nervous as we move toward whatever day that? ? thank you so much, ron. how is all this playing in the presidential race? how is presumed front runner mitt romney dealing with washington s debt ceiling crisis? john harwood is live in boston and has been looking inside the romney camp. he s basically not dealing with it, is that fair to say? that he s kind of flying over the dysfunction that we see in ....
They also say that everyone trying to apply rational to an irrational situation won t work. they admit that there s a problem with their client. his manifesto, his defense lawyer said i don t want to talk about that. that s not something i want to do, i don t want that message spread. it s obvious that they re having problems defending him as well. it s a struggle for the defense team to do that. it s also a struggle for so many here in oslo. the makeshift memorial behind me continues to grow. hundreds of people coming down throughout the day. take a look behind me. you can see all the flowers here, a sea of flowers is what they re calling it, the candles, the poems, the flags they continue to bring them down day and night. people pausing some for hours. others for just minutes. andrea, they continue to cry, they continue to console each other and say they need the strength of being together to get through this. jay gray, just devastation there. thank you very much. and up next, in ....
Confusing to a lot of other people i read about it in the washington post last night s speech from the president sounded more like a political speech, a 2012 speech. he was talking about a balanced approach the very day that the white house signed off on the harry reid approach which was not balanced because it didn t have any taxes in it. the bottom line is why come out and give the speech he gave last night when he had already endorsed a fall back position which did not include taxes, the harry reid position? i have to say i ve read some some of those comments, i don t think they re right. i don t think that last night s speech was a political speech. the president was talk og the american people about core american values. something that outside of washington everyone knows the ....
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