Obama calls Dimon 'one of the smartest bankers we got' while Mitt Romney goes on the attack against the stimulus - live
On The View, the politics appears to be over and we have moved onto the personal stuff, with Obama riffing on how terribly the First Lady teases him.
Now Whoopi Goldberg is imitating how the President gets off the plane.
And we learn that Obama also coaches his daughter Sasha's basketball team, and Obama ties it into the passage of Title IX boosting women's sport.
Asked who he thinks will win the NBA title, Obama appears to think they all will, which is nice.
In a spooky bit of timing, while Obama's segment is appearing on The View, in real life President Obama is speaking at a memorial service for 156 peace officers killed in the line of duty:
Every American who wears the badge knows the burdens that come with it. You carry these burdens so the rest of us don't have to.
So, says Walters, Mitt Romney's really rich. How about that? Hey I hear he's a nice guy, responds Obama, before rolling out a Joe Biden-derived joke: "Don't compare me to the Almighty, compare me to the alternative."
Then it's an ad break, and one of those creepy pet food ads in which owners treat their dogs like children.
Elisabeth Hasselbeck is back with another question, bringing up Obama's 2009 comment about turning the economy around in three years, and wants to know his view now. "I don't want to give a letter grade, it's still incomplete," says Obama, who then lists the US economy's various failings, including the housing market, which he calls the biggest drag on the economy.
Hmm, that line from 2009 is a big talking point on the right, and Obama should have figured out a better response to it by now.
"I watched this JP Morgan Chase thing go down," observes Whoopi Goldberg, and wants to know what Obama is going to do about it. This exchange leads to the rather kind comments by Obama about Jamie Dimon, as previously reported.
Obama leads on to a wider discussion about financial regulation and the need for Wall Street reform. "We're still fighting this battle ... a lot of Wall Street is still fighting them, they've hired lobbyists and pushed back against a lot of things," says Obama.
Are you going to do anything more? asks Walters, who is as usual top notch at this interviewing thing. Did you know she used to date Alan Greenspan. True fact. Anyway, not much of answer from Obama, other than more of the same.
Sherri Shepherd now asks if the 2012 election is going to be tight. "When your name is Barack Obama, it's always going to be tight," responds Obama.
More seriously, "There are a lot of folk still hurting out there... in that kind of environment, it's a tough environment." People might like the president, Obama says, before wandering off vaguely to talk about "other options," by which he presumably means: voting for Mitt Romney.
"Who's going to win?" asks Walters. "Oh, I'm going to win," says Obama, confidently. As you'd expect.
Now it's Elisabeth Hasselbeck, The View's token Republican. Your position is just like Mitt Romney in leaving gay marriage up top the states, says Hasselbeck, so what would you do differently.
That's not right, says Obama, reminding her that Romney supports federal law to recognise marriage as only between a man and a woman.
But will you campaign to change the law, asks Walters.
"Look, Congress is clearly on notice that I think this is a bad idea, and this is clearly going to be a big contrast in the campaign," says Obama, and hits Mitt Romney for wanting a constitutional amendment barring same-sex marriage.
That's not exactly a full-throated commitment.
What about changing some federal laws that affect gay marriage, asks Walters. Will you now fight for a federal bill?
"A lot of this has to do with the Defence of Marriage Act," says Obama. "This is part of the reason why my justice department has said to the courts, we don't think this is constitutional."
And now it's over to The View – and here's the 44th president of the United States, Barack Obama. Cue applause.
"It's good to be back," says Obama.
Is it true that you were going to announce your change on gay marriage, asks Barbara Walters. "It was a possibility," says Obama, who explains that he had been thinking about it "for months".
Mitt Romney's campaign is in Iowa today for a full-frontal attack – based on his pre-released remarks – on the federal stimulus package passed in 2009.
The visit comes complete with this long and Ken Burns-like ad on the struggles of the unemployed and underemployed in Iowa.
After yesterday's mini-documentary from the Obama campaign aimed at Mitt Romney's record as a vulture capitalist at Bain, the Obama-supporting super Pac Priorities USA Action launches a new and much harder-hitting variation on the same theme.
The most effective hit is a former steel worker from the steel plant that closed under Bain's ownership, looking at the camera and saying:
He promised us the same things he's promising the United States. And he'll give you the same thing he gave us. Nothing. He'll take it all.
That in a nutshell is the Democratic party's 2012 election campaign theme.
Well-known soccer-baller David Beckham appears to be unfazed by the thought of meeting President Obama at the White House with the LA Galaxy today. He told ESPN:
It's going to be great to go meet the president and the first lady, and we're obviously going to enjoy that. And then it's back to business.
David Beckham didn't get where he is today by saying anything interesting.
President Obama makes a daytime TV moment when his taped appearance on The View is aired today, while Mitt Romney is ratcheting up the rhetoric in Iowa with a verbal assault on the White House's 2009 stimulus package.
But the biggest photo opportunity of the day is when Barack Obama gets to meet David Beckham as the Los Angeles Galaxy football team visits the White House this afternoon to celebrate their MLS championship. Beckham has probably met more heads of state than Obama but then he's been doing this for longer.
Here's a summary of this morning's politics news from Ryan Devereaux.
Barack Obama has made his first comments on the JP Morgan fiasco, saying it underlined the need for tighter financial services legislation. But Obama was careful in his comments in his interview on The View on ABC, saying JP Morgan was "one of the best managed banks" and praising chairman and chief executive Jamie Dimon as "one of the smartest bankers we got". He said his Republican opponent, Mitt Romney, wanted fewer regulations.
Obama has indicated that he believes the economy will ultimately determine the outcome of this year's election. Elsewhere in his interview on The View, taped yesterday and airing today, Obama said it's "hard to say" whether his new stance supporting same sex marriage will hurt his chances. Giving a gave a commencement speech at Barnard College on Monday Obama he highlighted the role of women in public life. Obama, whose sister Maya Soetoro-Ng graduated from the school in 1993, urged the nearly 600 female graduates to "fight for a seat at the head of the table."
Romney will be appearing in Iowa this afternoon, where he is expected to criticize the president's handling of the national debt. The topic marks a turn from social issues – such as same sex marriage – which have dominated the headlines in recent weeks. Romney has not visited Iowa since this year's caucuses kicked off there.
Texas congressman Ron Paul announced on Monday that he would no longer be actively campaigning for president, though he is not dropping out of the race. In an email to his supporters, Paul did not mention Romney, nor did he vow to help him defeat Obama. Instead Paul vowed to continue his "delegate strategy" as the Republican National Convention draws near. Read More
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