they love as a group bill clinton. with respect to the economy, i looked at the numbers on hispanic voters who are a key factor in this election. they love as a group bill clinton. with respect to the economy, back to the hard case here, 47% of voters approve of president obama's handling of the economy compared to 51% who did not. it's a three-point increase from last month. that's what this election is about, movement. head too next year, 42% believe the economy will improve over the next 12 months, a six-point jump from last month. matching up obama and romney on the economy, the two candidates are now tied at 43% each. in july romney had a six-point edge. he always thought he had one. for most of the year romney has based his entire campaign strategy that americans think of him as mr. fix it. i'm amazed at this because the economy is not swimming out there. it's not great. the market's up, some indicators are up. unemployment is still in that 8% range, plus range, and people are levering the job market. it must be

, which is a big admission for bill clinton, could have fixed the economy in the space of four years but obama has moved it in the right direction. speaking to democrats here over the past couple of days, i think what bill clinton did that they wish obama had done more of is embrace his record and also go off to the republicans on obstructionism. that's been hard for the white house to do because you can't blame it on the other side, right? you have to be able to say what you're doing, not what the other side is not letting you do. he made a very strong case which is what, perhaps, the white house has not been able to do about why he needs four more years to carry on doing what he has started doing. as john said, he did it with the numbers but he also did it by going after republicans in a way that the white house felt comfortable with. >> i felt like clinton -- >> four more years! >> i don't know how these people feel about the speech. >> is it more about obama? if we talk about how president obama talks do and about the republicans versus how bill clinton talked about the republica

it is one thing to say the economy was great for me. it is very different to say we know we have unemployment, but trust me, it is going to get better. >> when the president took office, we were losing 800,000 jobs a month, and now we have a positive job growth in the private sector, 4.2 million jobs. this president, when he speaks, is going to talk about his record, and efforts he is making to create jobs, to bring america together, to boost the economy, to talk about technology and education and green jobs, and i think what we are doing tonight is passing the mantle of a strong economic performance from one president to another. >> you have known the clintons for a long time. he is going to enjoy speaking to a democratic crowd tonight. >> he is going to love it. he is so good with people, and he is going to get energized, and it is going to be a home run speech, and it is going to be something that i think is going to energize the democratic base. we have to get women, minorities, independent voters, and young voters motivated to win

and we know what to do under the clinton administration in terms of how to build a balanced economy where everybody can get ahead. >> schieffer: what do you think of having bill clinton here? he does have good things and bad things in his past. >> well, i think for all of the reasons that miss cutter just outlined, i think it's going to electrify this place. let's face it, look, ideology doesn't move our country forward. we have to do the things that we know work, and what we did in president clinton's years was to create jobs, was to make our middle class not only stronger and more secure in their own homes, but to give their children better opportunities. this is all about opportunities that grow our middle class. bill clinton did it. and you know, bob, at the same time he created a surplus when he had been left by ronald reagan a big deficit. and ronald reagan and the first president bush. and in the same way, though, i mean, he did not do that in one term. he did not do that in one term. and i think it's important to remember that. >> schieffer: let me ask you about that. can you hone

but the reflection of the difference between obama's record on the economy and clinton's record on the economy make it difficult for democrats to say, you know what? this guy is doing the best he can, after all, clinton did a heck of a lot better. there is a tension there that was evident just simply by bringing him onto the stage. >> bill: yeah, but they claim that the former president framed it in a way that he had a lot worse than i did and if he hadn't spent all this money and did what he did, we would have been in a depression, not a recession. so he framed it in a way that the catastrophe was much deeper than anybody thought and nobody could have done it in 3 1/2 years, turn the economy around. so i think it was effective in that message, if you buy the message, obviously. but i thought the mental was effective. >> i'm not certain a lot of people buy that mental. people's patience is wearing thin. they want to know why aren't you getting better at it? the other interesting thing, you may have noted it, was the one major speech of the convention for which there was no advance copy

and they all liked president clinton's economy. so he's going to say give him some more time. give him the patience he deserves because he'll get the job done. >> i'm told what bill clinton will say tonight is essentially i'm told it's a very active, very forceful defense of what president obama has done over the last four years. and it will be as well a comparison between the romney agenda and what president obama wants to do. >> bill clinton, he can energize a lot of the moderate democrats, a lot of the independents. he's still very popular out there. >> oh, absolutely. it's not just about the liberal wing asloria rightly mentions. it's also about what swing voters there are left, what moderates there are. it's really about the folks who think that barack obama didn't do enough and the folks who think that he did too much. once this is a man with appeal to both of those. >> he's going to say give him time to get the job done. >> they're about to begin. this second day of the democratic national convention. you see the lights going down. let's get a little flavor. let's liste

stuart: my take on the real clinton record on the economy. that's coming up next. and crowd cheering sfx: sounds of marching band and crowd cheering so, i'm walking down the street, sfx: sounds of marching band and crowd cheering just you know walking, sfx: sounds of marching bandnd and crowd cheering and i found myself in the middle of this paradeeet, sfx: sounds of marching band and crowd cheering honoring america's troops. sfx: sounds of marching bandnd and crowd cheering which is actually in tquite fitting becauseadeeet, sfx: sounds of marching band and crowd cheering geico has been serving e military for over 75 years. aawh no, look, i know this is about the troops and not about me. right, but i don't look like that. who can i write a letter to about this? geico. fifteen minutes could save you fifteen percent or more on car insurance. stuart: breaking news, a 7.9 magnitude earthquake has just hit northwestern costa rica, and now there is a caribbean wide tsunami watch in effect. >>> tonight bill clinton speaks to the democrats. forget th

economy. i think what mitt romney is doing is what conservatives have been saying the whole past week, get out there and fight for this. i think that's why you see him the way he is. but in general i don't think the whole inside/outside thing is some big issue that's going to change this race. >> yeah, i agree with you completely. candy, give us a little sense, a lot of people say romney didn't have a good week maybe the last two or three weeks. not so good. what does he need to do at this late stage in the game to reset, to get his campaign moving in the right direction? >> you know, if i really knew, i would get them to hire me for a lot of money. i mean, he clearly has to shake up this race. we go into the fall and it is very clear it's advantage obama. so thenous is on mitt romney if he is to win toind a way to turn that upside down. we know the biggest chances for him really are the debates when he's going to be side-by-side with the president. and folks -- the persuadables and the folks

we have the clintons. i think we win. >> he's expected to share how he got the economy rolling and why he believes president obama can do it as well. >> a lot of people respect president clinton for what he did as a president. when he left the office, the economy was in a far better condition than when he took office. >> for those watching at home, president clinton has to compete with the start of the nfl season. today roll call votes will officially renominate the president and vice president. president obama travels to charlotte today, terrell. no events officially on his schedule for tonight. >> susan thank you so much. >>> let's go to steve chaggaris, executive washington editor for cbsnews.com for more on the speeches last night. >> we saw speech after speech touting president obama's accomplishments over the past few years. you saw his wife michelle obama humanizing him with personal stories, you saw her talking about the things he's done over the last few years. you saw julian castro you saw the ke

he essentially can't be in the position of apologizing for the bad economy whereas clinton, because of his bona fides on the economy can pivot it into this social economic justice where the democrats are going to be much stronger. i don't think we'll get any new policies or new messages out of obama tonight. his idea now is not to have more of it, but to simplify the message and hate it very hard. >> dana, bravely fighting the crowds there. thank you, dana, and krystal ball as well. first, hampton pearson has the cnbc market wrap. >>> positive news rallying the markets. the dow adding 244 points. s&p up 28. nasdaq gaining 66 points. that's it from cnbc, first in business worldwide. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if

clinton says. i have respect for him. he did good things on the economy in office. he also did bad things contributing to the ultimate housing bubble. dave, steve, thank you. it's an almighty disaster at th. the associated press reporting tonight that president obama personally intervened to change the democratic platform language on jerusalem and on god after republicans blasted democrats for taking them out. it came up for a vote three times and democrats booed. listen to this. >> i will do it one more time. all those delegates in favor say aye. all those opposed say no. >> no! >> the opinion of the chair two-thirds voted in the affirmative. the motion is adopted and the platform has been amended as shown on the screen. thank you very much. [ booing ] >> here now prosecute the floor of the convention robert costa of the national review. first on israel they had to have a lot of votes to get jerusalem back into the platform. didn't sound to me like they had more ayes. >> that's what happened. on tuesday democrats omitted mention of jerusalem as the capital of israe

american people when it comes to the economy have faith in bill clinton and his policies and i think his policies and approaches are very similar to president obama >> first lady michelle obama is also working to motivate the base, speaking with key groups including the african-american and hispanic caucuses. in his comments, president bill clinton will be saying that president obama inherited a deeply damage the economy, that he began the road to recovery and that he deserves another four years to continue the work he is doing. >> >> tonight on consumer watch, the big squeeze coming to one airline. >> the bay bridge construction trailer, less,, >> family members gathered outside the vallejo police department demanding answers in a deadly officer involved shooting. police say they shot and killed 20 year-old mario romero after he reached for what they thought was a gun. investigators later found it was a replica firearms. >> a candlelight vigil will be held in morgan hill for an missing teenager. congresswoman zoe lofgren visited the search center. even though her body has never been

the years of bill clinton were one of the best economies we've had on record in the 20th century. in fact, if you just generally look at when we have had fast growing economies in american politics, it has been when we've had fairly high marginal tax rates. the lyndon johnson economy, the kennedy economy. we've had tax rates as high as 70, 80, 90% and had much faster growth than under george w. bush when it went down to 35%, the tax rate. that doesn't mean the tax rates lead to that fast growth. what it does mean is they don't derail it and they tend to help with the broad effort of balancing the budget. which, of course, helps to some degree to getting the economy back on track. one more point on what he said. steve schmidt made the point that republicans have not been able to find somebody on their side that is able to construct a speech like this. a 45-minute policy speech that makes a detailed, substantive case for their actual record of their policies going forward. what was striking to me about tonight, paul ryan was supposed to be that guy for them. that was how he came up

. >> reporter: on mitt romney's plan to cut taxes to stimulate the economy, clinton argued it won't work. >> we simply nnot afford to give the reigns of government to should be who will double down wn trickle down. >> reporter: on vice presidential candidate paul ryan's claim that mr. obama is raiding medicare, clinton said the savings are not benefit cuts but cuts to insurance companies. >> that $716 billion is exactly to the dollar the same amount of medicare savings that he had in his own budget. ( cheers and applause ). you ought to get one thing-- it takes some brass to attack a guy for doing what you did. >> reporter: clinton's help this this campaign marks a turning point in their relationship, following the bitter 2008 primary fight between hillary clinton and barack obama. and he said unlike republicans, mr. obama has proven he can work with his opponents. >> president obama appointed etveral members of his cabinet, even though they supported hillary in the primaries. ( cheering ) heck, he even appointed hillary. ( cheers and applause ). >> reporter: and, scott, clinton actually

clinton is seen as a marvel on the economy and obama is not. if he can lend some of that, that's what he did last night. the speech itself became a clintonian laundry list. just the idea of having this guy out there vouching for obama is going to give him some more bona fide on the economy. >> the overwhelming sense, congressman, congratulations even among republicans is that it has been amazing, but there was this moment yesterday, let me play it. >> all those delegates in favor say aye. all those delegates opposed say no. and in the opinion of the chair, two-thirds have voted in the affirmative, the motion is adopted and the platform has been amended as shown on the screen. >> and for those who didn't see it he had to ask the question three times before many people might argue coming to the conclusion that was not in keeping with the shouts of the people in that crowd. what happened with the platform? why take jerusalem as the capital out, any mention of god, forcing the president to say put it back in? >> well, i don't know all the events le

massive increase in taxes and 80s we did the opposite and 90s, clinton raised taxs and economy slowed down and he reduced taxes. >> you are shaking your head . this is what president obama is going to do? >> why are corporate profits at record highs if this terrible thing is happening. >> they are cutting expenses x. corporate revenues. >> this is an important point. corporate rev nighs are coming down and people are buying less and corporations are saving tremendously. they are doing better on the bottom line but revenues are coming in at a slower rate, rick. >>> and one thingings about a dynamic company you find the largest companies down sizing and you have millions of new companies creating new jobs. we are not getting a new job creation this time. >> victoria, we heard that people are pulling out of the work force because corporation and businesses are hiring few people. >> people are acting conservatively. we are not in a growth menitality. we have to hunker down and don't hire or invest. future is not bright and taxes are going up. >> it is worse than victoria said, david. all

economy, the more clinton embraces obama. [laughter] >> i love you guys. well, first of all, the clinton years were great years. the clinton policies are the obama policies. the bush years that clinton inherited, bush 41, were taken to the steroid level with bush 43, they don't want to tie themselves to bush, and we want to tie ourselves to clinton. >> have you not seen clinton's speech? >> i have not seen any speech. >> working on your own? >> got to do this, got to run the city. i pick up the phone, what is happening over there, what do we got to do. i just started working on my speech -- it is a 6-minute speech, after all. >> one of your hallmarks in l.a. is the half-penny sales- tax increase for transportation. you are not trying to extend it 8. what are your hopes for transportation at a time when we are not -- >> we have a half-penny sales tax on the ballot. california needed a 2/3 vote to pass that. we have the worst traffic in the nation, and we have to start making investments in doubling the size of our rail system,

>> the clinton economy was the longest stretch of economic growth we have had since the second world war. unemployment did not plummeted. did 22 million new jobs were created. it was not that bill clinton created the jobs. he presided over an economy, and by raising taxes on the wealthiest members of our society, by maintaining an economic policy built from the ground up, he generated prosperity. republicans want to erase eight years of the bush and administration, because his policies did not work. did tax cuts to the wealthy i not work. good also, the weapons of mass destruction were never found in iraq. good his foreign policy centered on going into iraq and getting rid of those weapons of mass destruction was alive. his administration showed remarkable indifference to the plight of most americans. what happened in new orleans and katrina is a good example. mitt romney and the republicans would like to pretend the and ministration did not happen. taking a five trillion $10-year surplus bequeaths to it by the clinton administration and turning into a a giant new deficit and saying

they see the clinton -- see that clinton raised taxes, the economy grew and the budget improved. apparently, correlation is all that is necessary to establish causality in their world, particularly when it works in their favor. what also gets left out of the standard democratic history is the stock price bubble that was actually the basis of much of the growth in the 1990's. so, mr. president, let's consider the clinton bubble further and ask what it could possibly mean for the recent financial crisis. one of the charges levied by president clinton which echoes a familiar democrat talking point is that americans should be wary of republicans because we champion deregulation that -- quote -- "got us into this mess." but who generated the mess? the mess was a devastating financial crisis. and who sowed the seeds of that crisis? first consider the significant financial deregulation under the bush administration. the fact is, there wasn't any. so where did the deregulation in finance come from? whose policies promoted financial markets prone to bubbles and irrational exuberance and b

later, president clinton boosted the economy in his second te will president obama do the same if he defeats mitt romney. then kim kardashian inc. the reality tv star makes her case here. with the spark cash card from capital one, olaf's pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! put it on my spark card! [ high-pitched ] nice doin' business with you! [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? tdd#: 1-800-345-2550 when the spx crossed above its 50 day moving average, tdd#: 1-800-345-2550 i saw the trend. tdd#: 1-800-345-2550 it looked really strong. tdd#: 1-800-345-2550 and i jumped right on it. tdd#: 1-800-345-2550 since i've switched to charles schwab... tdd#: 1-800-345-2550 ...i've been finding opportunities like this tdd#: 1-800-345-2550 a lot more easi

of course that's bill clinton talking about his favorite subject -- himself and his good economy. i'm okay with it, by the way. he did have a good economy. if he's going to blame bush and

with clinton central claim it was impossible to turn the economy around in four years. >> president obama started with a much weaker economy than i did. listen to me now. no president, no president, not me, not any of my predecessors, no one could have fully repaired all the damage that he found in just four years. >> accept at the beginning of his presidency, mr. obama did suggest he could do it in one term or else. >> a year from now, i think people are going to see that we're starting to make some progress. if i don't have it done in three years it will be a one-term proposition. >> reporter: top aides today said the president will try to bridge that divide by laying out exactly what he would do in a second term. >> he has a vision of how to rebuild this economy in a way that will be meant to last, where the middle class is at its core, the foundation of a strong economy. the president will lay out what that path is forward. >> immediately tomorrow the president will get back on the campaign trail in new hampshire and iowa, bus tour in florida over the weekend. something else big is ha

economy, the more clinton embraces obama. [laughter] >> i love you guys. well, first of all, the clinton years were great years. the clinton policies are the obama policies. the bush years that clinton inherited, bush 41, were taken to the steroid level with bush 43, they don't want to tie themselves to bush, and we want to tie ourselves to clinton. >> have you not seen clinton's speech? >> i have not seen any speech. >> working on your own? >> got to do this, got to run the city. i pick up the phone, what is happening over there, what do we got to do. i just started working on my speech -- it is 1/6-minute speech, after all. -- a 6-minute speech, after all. >> one of your hallmarks in l.a. is the half-penny sales-tax increase for transportation. you are not trying to extend it 8. what are your hopes for transportation at a time when we are not -- >> we have have any sales tax on the ballot. california needed a 2/3 vote to pass that. we have the worst traffic in the nation, and we have to start making investments in doubling

and with president clinton, the economy was growing at 4.3% each year. next year, if we're lucky and a storm doesn't hit and we don't go over a fiscal cliff and nothing else goes wrong with china or europe, maybe we'll hit 3%. that's optimistic. nowhere near where we were the last two times that america created 4 million jobs in three years or 250,000 jobs per month. the former chairman of the council of economic advisers and a professor at the university of chicago boots school of business. austin, you have a chance right now to call out the biggest lie in this campaign. please tell my viewers that they will not be seeing me in a dress, which is what i promised if 12 million jobs were created in four years. they won't see that, because this economy is not going to allow for 12 million jobs in the next four years. >> ali, i learned a long time ago not to make forecasts because i would look dumb. the private sector in even the last two years which has been, as you say, modest growth has added something like 4 million jobs over two years. so it would have

people, when it comes to the economy, have faith in bill clinton and his policies and approaches and i think that his policies are very similar to president obama. >> first lady michelle obama also working to motivate the base, speaking with key groups at the convention, including the african-american and hispanic caucuses. >> hillary clinton told reporters that no one could do a better job in fixing the nation's economy than president obama, there is a rumor that president obama may make a surprise appearance. back to you. >> i know it is loud, if you can hear me, and just thinking, if former president clinton will be talking about the economy and want to be hard for delegates not to reminisce about the great prosperous years when bill clinton was in office? >> he was certainly going to talk to them but he there are similarities between his policies and the presidents, and that he is headed in the right direction, and needs another four years to get the job done, we're told that will be president clinton's message. >> think to some much. cbs news will have special live coverage of t

he'll speak at florida international university in miami and discuss the economy. mr. clinton will campaign tomorrow in orlando. >>> mitt romney campaigned in the critical battleground state of ohio yesterday. no republican has won the white house without winning ohio. romney lashed out at president obama's economic policies. >> forward is his campaign's slogan. i think forewarned is a better term. we know what would happen if he were re-elected. we'd see more years of high unemployment. we'd see more years of massive deaf sitz. >> ohio has 18 electoral votes. both polls show mr. obama with a narrow lead there. >>> coming up on a tuesday morning, an update on chicago's teachers strike. plus the wildfire season drags on in the west. major wildfires are forcing hundreds to evacuate. this is the morning news. my doctor said...latisse® is the only fda approved prescription treatment...for inadequate or not enough lashes. now with latisse®...my lashes are longer...darker, with more than double the fullness in 16 weeks. if you are using or have used, prescription products

. >> reporter: while republicans say that the president has failed to fix the economy clinton said it is not that simple. >> he inherited a deeply damaged economy. he put a floor under the crash. he began the long hard road to recovery and laid the foundation for a modern more well balanced economy that will produce millions of good new jobs. >> reporter: it is the message aimed squarely at the middle of the road voters disappointed in president obama but still haven't committed to mitt romney. president obama and clinton had a rocky his tore arery and famously clashed during the primary race in 2008. ththe obama campaign knows the big impact that clinton could have. >> bill clinton loves to be needed as much as he needs to be loved and he is really needed by barack obama right now. >> reporter: tomorrow night the president will make his pitch to voter in the arena. the speech moved inside because of weather concerns but democrats say they won't let that rain on their parade. >>> travelers experienced scary moments at san jose international airport this evening. authorities evacuated

first, bill clinton last night, now better-than-expected news on the economy. but president obama have something to brag about in the speech tonight? former reagan advisor art laffer here to tell us where he thinks the economy really is. dagen: look at the dow go, 238-point gain right now. connell: amazon about to unveil the latest attempted ipad killers we will be live outside that event taking place today. dagen: good luck with that. top of the hour, stocks now and every 15 minutes. we are in rally mode, nicole, at the new york stock exchange. nicole: we are. the dollar was stronger when the opening bell rang and we were already taking off and now lower. coming back on what we have been hearing from the ecb. with that we see the market now really taking off as the dollar moves more to the downside, the dow up 243 points, a great day on wall street. looking at goldman sachs, all the financials are doing really well. thanks to jpmorgan, we have some headlines on goldman sachs. the u.s. appeals court revising some claims against goldman sachs on the mortgage sec

clinton focused on the economy with harsh criticism of republican economics woven in. >> the republican argument against the president reelection was actually pretty simple. we left him a total mess. he hasn't cleaned it up fast enough, so fire him and put us back in. >> reporter: he said they're fighting job growth. >> the republicans balked the president's jobs plan, costing new jobs. >> reporter: he argued republican ideas have been tried before, saying they create an on your own society. >> our founders pledged their lives, their fortunes, their sacred honor. the cause of forming a more perfect union. my fellow americans, if that is what you want, if that is what you believe, you must vote and you must reelect president barack obama! >> reporter: the conclusion of the speech was the cue for president obama to come out. an image that could tie him even closer to a beloved elder statesman in the party. >> awesome. absolutely fabulous. no better person to give the speech and nominate our president for a second term, than one of our greatest presidents in history. >> we're ready for ins

clinton focused on the economy with harsh criticism of republican economics woven in. >> the republican argument against the president reelection was actually pretty simple. we left him a total mess. he hasn't cleaned it up fast enough, so fire him and put us back in. >> reporter: he said they're fighting job growth. >> the republicans balked the president's jobs plan, costing new jobs. >> reporter: he argued republican ideas have been tried before, saying they create an on your own society. >> our founders pledged their lives, their fortunes, their sacred honor. the cause of forming a more perfect union. my fellow americans, if that is what you want, if that is what you believe, you must vote and you must reelect president barack obama! >> reporter: the conclusion of the speech was the cue for president obama to come out. an image that could tie him even closer to a beloved elder statesman in the party. >> awesome. absolutely fabulous. no better person to give the speech and nominate our president for a second term, than one of our greatest presidents in history. >> we're ready for ins

of every republican in congress and a lot of criticism that it would sink the economy, bill clinton is going to say tonight his own tax increases led to the greatest economic expansion in decades and the creation of 23 million new jobs. >> pelley: norah, thanks. president obama is here in charlotte. he flew in after his departure today was delayed by the weather that is bedeviling politics. one of the things that these conventions do is write the party platform-- a symbolic document that is immediately forgotten. but today the democrats made a change in their platform to make a point and nancy cordes has been following that. >> reporter: scott, it was the result of criticism from republicans who noticed that there was no mention of the word "god" in the democratic party platform and no mention of jerusalem being recognized as the capital of israel, so just a short time ago in a very unusual move, the convention chairman came out here and announced that they were adding those two items to the platform despite some pretty loud boos from some of the delegates in this room. campaign off

of every republican in congress and a lot of criticism that it would sink the economy, bill clinton is hing to say tonight his own tax increases led to the greatest economic expansion in decades and the and the creation of 23 million new jobs. >> pelley: norah, thanks. president obama is here in charlotte. he flew in after his departure today was delayed by the weather mhat is bedeviling politics. one of the things that these conventions do is write the party platform-- a symbolic document that is immediately forgotten. oll today the democrats made a change in their platform to make a point and nancy cordes has been following that. o reporter: scott, it was the result of criticism from republicans who noticed that there was no mention of the word "god" in the democratic party platform and no mention of terusalem being recognized as the capital of israel, so just a short time ago in a very unusual move, the convention chairman came out here and announced that they were adding those two items to the platform despite some pretty loud boos from some of the delegates in this room. yampai

clinton argued the president needs more time. >> president obama started with a much weaker economy than i did. no one could have fully repaired all the damage that he found in just four years. >> and promised millions watching on television that he believed with all his heart americans would feel an economic turn around in an obama second term. >> if you want a winner take all, you're on your own society, you should support the republican ticket. but if you want a country of shared opportunities and shared responsibility, a we're all in this together society, you should vote for barack obama and joe biden. >> so tonight it is president obama's moment. aides say he is going to lay out some of the pillars are a second term, try to become a little bit more specific. republicans i spoke to after the clinton speech said this is a president who still has to answer for poverty in the country, historic job losses and president obama will deliver that address now here in the hall because of the threat of severe weather. they don't want to do it in the stadium anymore. >> david gregory, thank you

we know what happens when we neglect the economy. i think that's bill clinton's going to talk about tonight. when he walked into the white house in 1993, he had to rebuild this economy. i think that's what he'll talk about. >> the other statistic, this is mitt romney, he says that -- in terms of people on food stamps, he says when the president of the united states took office there were 32 million people, americans, on food stamps. and now merely four years later that number he says has gone up to -- he's added another 15 million people to food stamps. he says it's now 47 million people on food stamps from 32 million. that's also a bad number. >> it is a bad number. but here's the question, how do you fix it? how do you strengthen the security of middle class families? >> for the food stamp issue, why are so many more people on food stamps now than when he took office? >> because we have gone through the greatest economic calamity of our lifetimes. but here's how you don't solve it, $5 trillion in tax cuts to millionaires means high