(CBS News) Steve Kroft interviews the president on a wide range of critical topics, including Obama's performance in office; the U.S. economy and the state of unemployment; congressional gridlock; and the mounting deficit. President Obama also sizes up his competition in the 2012 presidential race as he begins his own quest for re-election.

WALLACE: I got to ask you what everybody is talking about. What did you think when Mitt Romney made or offered a $10,000 bet on something in his book? PERRY: I was taken a little aback. I'm driving out to the station this morning. I'm sure I didn't drive by a house that anyone in Iowa would even think about that a $10,000 bet was possible. So, a

George Will, Leslie Sanchez, Donna Brazile, and Kathy Obradovitch discuss.

Gov. Terry Branstad, Ted Koppel, Lisa Myers, Alex Castellanos and Chuck Todd talk about Newt Gingrich’s performance at Saturday’s debate and whether his lead in the polls will hold.

"If you have a big government progressive, or a big government progressive in Obama… ask yourself this, Tea Party: is it about Obama’s race? Because that’s what it appears to be to me. If you’re against him but you’re for this guy, it must be about race. I mean, what else is it? It’s the policies that matter," Glenn Beck said on FOX Bus

One of the best lines from the skit: "We put a blueberry pie in a box and the Nazi would come around and try to get it. Isn’t that what the Republicans are trying to do, steal our pie? Are Republicans Nazis trying to blueberry steal pie out the box?"

Paul Gigot, Mara Liasson, Liz Cheney and Juan Williams discuss the upcoming FOX News Channel debate and what the candidates should be asked that they haven't talked about already.