. >> you mean bill clinton and bob rubin started. >> okay, fine. >> and i'm not big fan of paulson, butbig layer on wall street was a brainchild. >> neil: i think what adam is saying they have little reason. >> how about dodd frank, here is the thing. >> neil: finish that point, quickly. >> he hasn't, he hasn't been a radical so there's a republican primary going ton right now, not a democratic one. >> under stood. >> don't go with obama 2. >> dagen? >> wall street wants to bet on a winner, pure and simple. if they see the tide moving away from the president. >> neil: it's a snapshot, a snapshot in the moment. >> it's a senate shot, but the money goes to the republicans. >> and anybody who wants to make more money should be listening. they had trouble selling out this event to raise a million bucks when, yeah, warren buffett and obama, warren buffett himself in june got 2.6 million just going to lunch with him. that underscores the thing right there. >> neil: go ahead. >> wall street has come to terms to dodd frank is squeezing profits and there are going to be layoffs and profits are g

you are going to take $5000 from bob rubin and turn around and give him a check for $5000?nomy 50% with no increase in greenhouse gas emissions with 100% refundable carbon tax by simply showing what the burden on the environment and economy and health care of the country was, by putting a price on it and showing people and giving them their money back. lo and behold, they made intelligent decisions. that is the sort of conservative liberal debates we ought to be having in america. not this antigovernment thing. i was proud of many things but when i left office i was very proud that the confidence in the federal government had gone up again, that people saw it as a positive force in our life, not the answer but a partner. i was proud that we had moved 100 times as many people from poverty to the middle-class but more than that i thought people could have their dreams again. and think about tomorrow again. so i ask you again to ask yourself, is it better to have a partnership or an antigovernment strategy? is it better to believe in investing grower trickle-down? is it better

i got to know some of these people like alan greenspan and bob rubin as a young journalist. they were active on wall street and not yet the quote-unquote great men they were about to become. .. so you can imagine how excited i was not so much because he was a civil rights leader and some people in retrospect were a little skeptical about him in that regard but because he was a baseball player at 11. who wouldn't be excited? look at his hand and his chest and his back. that is the real thing, i guess. anyway, i was pretty well sensitized to these issues and believe the america achieved something, a permanent lasting change and was reversing on the. it was hard for me as an observer to take in the idea that this would be a permanent attitudinal change. in fact it has been at least until this time. americans are by and large skeptical of government. everywhere you look people talk about how we have to restrain government, keep it limited, get taxes down. they don't trust social programs. they just don't trust social programs. they believe that it is government spending that has

captions copyright national cable satellite corp. 2011] next, we have former secretary of the treasury bob rubin and end to be interviewed by the chief economics reporter for " the economist." welcome. >> as we see, you are not the same person. you need no introduction, one of the most thoughtful and important voices in washington puree go -- voices in washington. >> i will not say anything about myself. >> i want to start with short- term outlook in the economy. chairman bernanke said the economy is close to faltering. many people are worried about a double-dip recession. how worried are you? >> we are in a difficult situation. if you go back to the beginning of this year when there are a lot of analysts that got more optimistic, i did not share that feeling, because it seemed to me it was enormously strong, and my view was that recovery and would remain slow. if anything, those headwinds have stayed the same work gotten more serious in --in the same or gotten more serious, so i think recovery is likely to be slower. i think the probability of a double dip is not that great, but i think nasa ha