here's abc's david kerley in washington. >>>>eporter: standard & poor's is making no apologies tonight for downgrading america, telling investors the gold standard of global finance is no longer the safest place to put your money. >> our job is to hold the mirror up to nature, and what we're telling investors is that the united states government is slightly less creditworthy. >> reporter: the rating agency says, in essence, washington is broken. >> put something on the table. tell us where you are! >> reporter: and hasn't done enough to cut t e debt pointing to the gulf between the political parties, which used the debt ceiling as a bargaining chip leaving the u.s. less stable, less effective. >> this is not really a serious way to run the country. >> reporter: the obama administration fought back against the downgrade pointing out that the rating agency made a $2 trillion mistake in its math declaring "a judgment flawed by a $2 trillion error speaks for itself." the entire financial world will be holding its breath tomorrow

i'd like to go to you but and i'd like to everyone keep a thought in mind as david because david said he when he got to three points here i think was mendelian albright said that the united states stands taller so we can see farther that is a very arrogant statement and it's not taken very well around the world so go ahead david. especially if someone from her diminutive said i i'd like to i'd like to go to that to godfrey's point about woodrow wilson the united states it was a result of world war two one that the united states came out as a predominant power but it was not wilson campaigned about keeping neutral there was a huge debate united states we weren't prepared and it was a tragic result of the ravages of world war one on europe that the united states did come out as a more dominant power relative to the destruction of europe after world war one but look what happened after world war one look what happened after world war two the united states' role in rebuilding other countries other former enemies was specific and peter i think i think obviously we should all learn more abo

you discuss the meaning of american exceptionalism i'm joined by david merkel in copenhagen he is a former deputy assistant secretary of state in the administration of george w. bush in oxford we go to godfrey hodson from oxford university and author of the myth of american exceptionalism and in new york we cross to peter shock he is a professor at yale law school and coeditor of understanding america the anatomy of an exceptional nation and another member of our cross talk team yell on the hunger all right gentlemen cross talk rules in effect that means you can jump in anytime you want since you wrote a book on it i'd like to go to godfrey first in oxford you are quite open out there it's a myth why is that a myth well first. well a myth does not mean that everything about it is untrue it is an idea or a story which is partially true and one of the things i say in terms in the book is that it's not a good thing to believe things which are not wholly true now that basically two parts to my thesis one is that historically. people in the united states exaggerated how different they are and h

, david. (laughter) >> what mr. crockett preferred and actually he didn't wear a racoon tailed hat, he wore a ca ron pelt chappeau. they gave me the sen ten-- sentenced uttered every four years. our top story tonight is in a mark es, eye watch. the iowa straw poll which is the subject of indecision 2012, corn poll edition. the iowa straw poll is, of course, the early august to the very predictive precursor to january's wildly nonpredictive iowa caucus. (laughter) the idea is presidential candidates set up tents. in those tents the candidate offers to pay an individual $30 straw poll entrance fee. in return, the individual promises to cast their vote for said candidate all while both parties pretend this corrupt transaction in no way affects either party's inherent heartland foxiness. it's just good old parked down home country vote buying. (laughter) all the fun of a poll tax with none of the consequences. (laughter) >> so clearly the key to ining with the iowa straw poll is not some of having

>> yes. >> reporter: david. >> david. >> reporter: david. emma wrote me on facebook, saying, used your reports on a church class for teens. they're ready to respond. there was the mother, heather, who wrote us, my youngest, extremely inquisitive, is always asking, can we watch "world news" and help the hungry children? and patty, who once worked with doctors without borders telling us, it is great to see their hard work in action. less than a dollar a day for two meals? i will be donating for sure. it's reallllbeen something the response so many of you have had. fact, doctors without borders tells us that viewers of "world news" have donated more than $100,000. that's going to pay for 200,000 of the supplement peoples, this is the entire meal right here. they thank you, and so do we. more much more on the entire list to help, it's at abcnews.com/help and we, of course, will stay on the story here. >>> still ahead here on "world news" tonight, the unseen danger at the beach. the suf date suffocating sand, the dramatic rescue pictures and what

selleck david welcome back. thank you for having me thomas always it's a pleasure thank you why do you hate factory workers david. i do not as a matter of fact i am a strong advocate for american factory workers and that's why i'm calling upon this administration to renegotiate some of the terms of this deal for instance if you take the imports that are coming from south america and korea and structure of this deal so the. items that they make are not completed for instance tables for example would not be varnished over there and would not be assembled over there but rather they be assembled and varnished in the united states particularly in urban areas we could put american citizens back to work and money would flow into our tax coffers and we would make a significant dent in our unemployment problem unfortunately this is ministration cannot negotiate any successful deal they are suffering from on your show every negative consequence that rolls from that well first of all what you're suggesting would be roundly

>> david moses: david moses! 15! brooklyn, new york! >> stahl: you're watching, and rhonda-- you know she's third, next, second, next... >> higginsen: yeah. i'm sitting on the edge of my seat. ( laughs ) >> stahl: "is she going to do it?" >> higginsen: "is she going to do it?" >> rodriguez: rhonda rodriguez! >> higginsen: yes! she did it. >> ♪ go down, moses... ♪ ♪ >> stahl: you spend nine months with these kids, you give them everything. and they finally get up for this performance. >> higginsen: i couldn't stay in my chair. my heart's dancing. my mind's racing. i'm watching everything and i'm watching everybody. >> stahl: and what she, and everyone else, saw that day was a group of teenagers transformed. ♪ ♪ >> francois: i can't even describe it. it's the most wonderful thing i ever been a part of with my life. ♪ ♪ >> stahl: are you going to come back next year? >> david moses: definitely. >> stahl: definitely? >> david moses: definitely. >> stahl: what's going on inside? >> howard: joy. that's what's inside my heart all

david brooks, what does his candidacy mean? >> it means he's the front-runner now and it means the republican party was waiting for this guy. if you looked at the 2008 electorate, romney would have been perfectly fine for that electorate right now, but the 2012 electorate is a different electorate. the country as a whole has moved to the right. the republican party has moved vehemently to the right. and what the core message is, we hate washington, we hate the quarter, all those folks who just got hit by the hurricane, but we also have a fear of national decline. the country's losing its vigor. we've got to get back to our hard, sort of pioneer virtues. rick perry personifies that. he's got tons of baggage, but he meets the republican at the moment. >> not just a summer fad, as you wrote in your column. jamie and katty, what's interesting about this is there's got to be a fight within the republican party about what it's going to be for this election cycle. you have mitt romney, who's hunkered down, who does not want to engage.

david kay he is not going to be done with this for quite some time david kay wants more time but he says it could take another six to nine months to make a definitive finding ministration is asking congress for hundreds of millions more six hundred million dollars to fund the continuing search have not yet shiny twenty things that i would call a weapon before we can draw from conclusions we need to let the iraq survey group complete its work. we were all wrong probably in my judgment and that is most disturbing. sometimes the truth takes units takes the unpopular course but helps the country of origin stakes and even if they come this way at least from china patriotism is the last refuge of scoundrels and i think these are scoundrels they have no argument now they have no defense for what they did the country is in a terrible international security situation and i think it's perilous so they're attacking the patriotism of others. it used to be an ideal place for a holiday has it changed in a moment. to keep the wounds of war are still visible. the republic is not only relieved but also s

starting to your far lesft, border supervisor david chiu. sitting next to him, the mayor of our great city, and elite. -- ed lee. [applause] the chief marketing officer for audi america, organizer of this event. [applause] the man whose design we will be enjoying, walter hood. and finally, the director of the business improvement district. [applause] here in san francisco, on a beautiful, sunny day, it is time to celebrate the innovative spirit of san francisco. we innovate social policy, housing, the environment, on transportation and technology. we innovate when it comes to the weather. we call this summer, here in san francisco. and when it comes to the public way, it is hard to think about innovation. it was billed years ago and it is hard to change, at least that is what some people think. although much of the public rights of way in san francisco take up 25% of our city, they were built generations ago, in a different time to serve different needs with different sensibilities, largely built for people to pass through, as opposed to bei

john paul nidia he's author of the book don't speak english parlayed globish and in hong kong we have david read all he is a distinguished visiting scholar at city university of hong kong and another member of our cross talk team yell on the hunger all right gentlemen this is cross talk we can jump in any time you want to jump on i'd like to go to you you have a new i suppose a language or quasi language that you're introducing to the world and it's called globe ish and how is it different from english and if you could for partly could you answer in globish for us. oh there globish is english is even meant to be very correct english but it is what we call english lite it is a simplified form of english with less words you would six hundred fifteen thousand words in the oxford english dictionary that's way too much so i make the demonstration that with fifteen hundred words and to choose one of those words to david lives of those words you can express all you need in the world for business purposes or as a tourist so it is in english light but still correct english all right well give us an

david? >> jeffrey kofman, thank you so much. as that scene plays out in green square, in the center of tripoli, there are journalists holed up in a hotel elsewhere in that city. among them, the bbc's matthew price, who i spoke with just a short time ago. >> there are about 35 of us here. we're wearing body armor at the moment as a precaution. and we've been hearing a large amount of very heavy fighting going on in the streets around the hotel. the government minders who are normally with us, most of them have left. their families have left. and you can, just as an illustration of what it's like here, even the civil servants who look after the foreign press here, he is walking around with an ak-47 at the moment. >> with an ak-47. you mentioned you are wearing body armor. are you able to look out the windows at all? what can you see, if anything, at this point? >> i can tell you what we've heard. heavy weapons being used. rocket-propelled grenades being fired. most of them outgoing, but they c

david, ladies and gentlemen. you want to talk money printing. >> okay. >> so welcome, david. >> thank you. >> i was just saying, do you know susan and karen? >> how are you? >> susan, karen, jimmy. he's saying, listen, as long as the federal reserve prints money in a way that congress can spend it correctly, that's okay. is that a fair characterization for you? >> i don't have the problem with the federal reserve -- >> i couldn't disadpree with that more. for the simple reason that allowing the fabrication of money without capital, without capital requirements, without any intrinsic value, releases the natural inhibitor to risktaking. in other words, the sooner they take the capital out and allow nstead of having to hang allow on a second, kro want to do that, i don't have that natural inhibition, this runaway with risk. is that a fair characterization, david? >> yes. rick perry used the wrong word. he should have said stupid, destructive, another huge windfall for speculators, that will harm the middle class eco

so i want to thank the judges for putting forth david louie as a finalist. for janana hero. we've grown up with jan. evening magazine from the mid 1970's to the 1990's, all. great wonderful shows that she's sponsored, pacific fusion and others. and you know jan is all around the bay area. all around the san francisco communities. she's helped us on engagement with our public and helping us dialogue with a difficult -- with difficult topics and being moderator or immediate -- mediator and hosted so many nonprofits and being there for every important fundraiser like the ones we've had with kristi yamaguchi and always dreaming foundation and being part of the osaka sister city association, founder member of course, and asian-american journalist association, again, others following her. for david and for jan, if you look at television today, no matter what channel you turn to, there are asian americans on the journalism positions. and i believe and i know it's because of both david and jan's work behind the scenes, in front, bringing just that whole professional care to what the

from washingtonçó d.c., david leonhardt. a columnistñrçó for the new york sometimes and won a pulitzer prize for reporting. i am please to do have each of them at this table and in washington to talk about taxes. but i want to begin with the question, what do you think of warren buffett's op ed and his appearance on this program or the core of his argument that the rich, the super ch are being coddled by washingto >> i think that just take a look at some numbers, okay. if you have dividend income, which he reported, so he has 100,000 shares, $1 dividend and that's a 15% tax, that's all, right? not really bause you're the owner a company. the company was already thoracicked -- taxed before you got it. that means you taxed 125,000 down to 100 by the corporate tax and then you have your own personal income x which is 15%. that's true. but then state and local is 12. so your 125,000 is 73,000. to do those that have more pay more. yes i think that's probably the way to do it. i'm not sure what he suggested was the only way to

david crockett. david. >> he never used the name davey for himself. never signed it davey. so it was david crockett. >> jon: and that, and he was not shy about promoting himself. so how did it turn into, is that just a creation of american-- it sounded better in the songs? >> yeah, and then the almanacs, and with the folks in general. i mean the people would call him davey crockett, you know. that was just his way of identifying himself. >> now what i know of david crockett is this. i know he was born in tennessee. killed a bash when he was three. and then i lose the trail. >> he was actually born in the state of franklin before tennessee became a state. and he had never killed a bear when he was only three but he was a professional bear hunter. one season he slew 105 black bears. >> so he was as much of a legend as he was, as much hyperbowl as was there, he actually was the real deal. >> he was the real deal. the truth is always better than fiction. and like so many of boomers, i grew up with the-- parker image of crockett. and it was entertaining and charming when you are

david axelrod. >> as president obama heads to martha's vinyard -- >> -- we were watching stocks go down again. >>> plus surprising numbers about whwhat is iviving ters with republican pollster frank luntz. joining our "roundtable" with george will, democratic strategist, donna brazile, jeff zeleny of "the new york times" and fox business network's liz claman. >>> good morning. christiane is off. i'm jake tapper. and we will l t to our exclusive interview with republican presidential candidate jon huntsman in a moment. but first some news since your morning papers. libyan rebels say they're closing in on moammar gadhafi's stronghold on tripoli. a day after fighters launched their first attack on the capit capitol. heavy gunfire and explosions battled tripoli with reports of coordinated nato air strikes after firefighters captured the coastal town. >>> in egypt. protests continued outside the israeli embassy in cairo after a rare apology by the israelry government on saturday for the deaths of three e

>> reporter: absolutely, david. the conditions here have really deteriorated in the last 15, 20 minutes. at least 10-foot waves, maybe 15 feet. yesterday the governor of this state chris christie famously or infamously told people to get the hell off the beach. about a million people have fled the new jersey shore. governor said he's concerned about 600 mostly elderly people in mostly highrises refusing to leave and are at risk. they'll experience much the same in philadelphia, just about 50 to 100 miles west of here later today and keep in mind that the hurricane is going to be passing offshore not until tomorrow, so things will get worse here, expecting flooding and power outages in this area in this state. >> all right. our brave ron claiborne, lone man standing on the >> ron claiborne, our lone man standing on the jersey shore tonight. good to see that people followed the governor's advice. >>> new york city, the first hurricane warning in 26 years. you've all heard the saying, this is the city that never sleeps

please help me welcome david. [applause] >> wow. what a surprise. i could not be happier this evening that he shared the stage with jan. we came into this market years ago at a time when there were no asian-pacific americans on television. we are celebrating something very special this evening and this month. yes, we are celebrating our history and rich culture, our culinary and fine arts, but as you look around this theater, you realize there are so many other examples of the ascendancy of ascendancyapa -- ascendancy of the apa community. there are so many issues and so many positive stories to report, and i feel so fortunate through the years to have had the opportunity to cover these stories that serve the needs of the community at large as well as our own apa community. the community should be proud and acknowledged for its role in paving the way for jan and for me and hundreds of others to be working in newsrooms across the city. it took activism by chinese for affirmative action and other organizations in the early 1970's to get apa's hired in

>> reporter: david, they're very close. they've agreed on the framework as far as we know, and the is this -- the agreement that the debt ceiling will be raised past 2012, the agreement that we're talking only, about a : trillion dollars up front in this first six months and then about $1.8 trillion in cuts for the rest of 2012. now, what had been the sticking point for the last three weeks had been this issue of an enforcement mechanism, what will force congress to do these cuts? republicans, of course, wanted another vote on the debt limit. that is not something the white house wants. so what was agreed to is an across-the-board cut. so, if this supercommittee that is created cannot come up with the cuts, there will be an across-the-board cut that will include medicare, it will include the pentagon, and it will be a tough spending cut that would start in 2013 and one that would be painful for both parties, david. >> the sticking point is still the house of representatives. they passed a different sort of bill. compromise

>> let's try one more time to see if we can check in with david. david, can you hear me okay? >> yes, wolf, i can hear you, can you hear me now? >> tell us what it was like when that hurricane hit where you are? >> for the last couple of hours -- >> all right, we are going to try to reconnect with david. let's be patient for a second and see if we can reconnect with him. david, are you still there? can you hear me? >> reporter: can you hear me now? >> we hear you, go ahead, we lost some of you. >> all right, as i was saying this, storm -- [ no audio ] >> all right, we're obviously having hurricane related technical problems and we'll check with david soon and hopefully we'll be able to speak with him from north carolina. this storm is goc to contining to move up the eastern seaboard. we're going to be reporting live for the next almost three hours as this storm moves closer and closer to the nation's capital. we're also going to new york city where hospitals have been evacuated, and people are getting very, very nervous. and ventilated seats wrapped in nappa leather, the same

prime minister david cameron yesterday said he understood the public anger towards the nation's banks but warned against banker bashing there is blatantly obvious that your own bankers are financially raping your people the right oh there cameron you say because you're in their pocket because shock while you go yeah great ball. now let's continue on this theme of how the banking looters are treated differently from the looters he's take ten dollars bottles of wine here's a little clip. from the third week of july two thousand and eight in the heat of the beginning of the real market meltdown. so. trillions of our paraded trillions were handed to bankers based on their fraudulent activities which destroyed the global economy they got drunk that's right and they committed massive fraud and they're all being applauded as entrepreneurs and meanwhile these so-called looters in the ghettos of london they should be going down to goldman sachs' office and j.p. morgan's office and getting in line to take jobs because they've demonstrated the ability to loot and plunder and steal that makes the