but fdr was part of that. and i've always thought it was interesting, and, actually, there's some fdr -- fdr did some writing in the 1920s both for small newspapers and for magazines, and almost invariably -- not almost invariably, but frequently on foreign topics. and a strong proponent of america in the wilsonian sense as a beacon of democratic enlightenment. we have this power, we have this great example of our people and our system, and we should be promoting this to the extent that we can around the world, that we're challenged by alien ideologies in russia and in germany and italy and elsewhere and that america is a beacon of hope. there's an interesting incident in 1932 right after, um, the election. you may know the story. fdr is president -- of course, in those days there was a four or five-month gap between the election and inauguration which was in march, not january. and fdr famously paid a courtesy call on president hoover, and somewhat to his surprise and annoyance, hoover had with him another du

this is fdr.ing, warning against electing republicans, and doing it with a kind of charm, with this smile, with this attitude, that i hadn't seen before in the limited amount of fdr speaking stuff that i've seen. let's just watch it and glory in it once again. >> let me warn you and let me warn the nation against the smooth evasion that says, of course we believe these things. we believe in social security. we believe in work for the unemployed. we believe in saving homes. cross our hearts and hope to die. we believe in all these things.ç but we do not like the way the present administration is doing them. just turn them over to us. [ cheers and applause ] >> we will do all of them. we will do more of them. we will do them better. and most important of all, the doing of them will not cost anybody anything. [ cheers and applause ] >> yeah, that guy won. chris, president obama we know doesn't like that direct confrontational language. but there's fdr. there's a harvard man, an ivy league dignified g

with fdr i came across one interesting thing. people talk about fdr. so here is a president, you know, 1930's, 1940's. i point out that for much of franklin delano roosevelt's presidency, there was for much of his presidency he was never questioned by a black journalist because for most of the time that franklin delano roosevelt was president, there was a rule that allowed only journalists from the daily newspapers to question. the white house made exceptions for certain journalists but not for black journalists. and i talked about in the book, it was that black journalists finally got to question the president. what happened is that the president -- fdr was seeking reelection and he went on -- he was campaigning in harlem, and he won the fdr's chief lieutenants got in a scuffle with a black policemen and actually need the policemen in the groin, and this caused a minor scandal and people asked the policeman given what's happened are you still going to vote for fdr and the policeman said yes and still going to vote for fdr i'm still a loyal supporter o

when fdr was running in '36 it was just as much about hoover. those races were about the policies of the past. >> i would point to 2008 barack obama ran as much as george w. bush as john mccain. can he run against george wuch bush and the economy. he gave an interview on the tom joyner show saying george bush left us with trillion dollar in deficit it's been hard to dig out. will that work in november 2012 is that where they go? >> polls show that more americans blame bush than obama. even at this date. >> it's a remarkable thing. 51-31. >> the issue for obama is he doesn't have to blame bush. he can connect bush through the republican congress that's happening right now to the nominee next year. he can say it's not just about bush, it's about the paul ryan plan. it's about what these candidates have been saying. they don't have a plan for jobs. the plans they do have are austerity measures that hurt growth and run on that. >> we're back in some ways is 2012 a referendum or a choice? for obama to win or at least have a better chance of winning i

ç can fdr and ronald reagan offer a blueprint for victory next year?and ten years after 9/11, are we really safer from terrorist attacks? a lot of experts say, no. also, they're in, they're out. they can't decide. what was behind yesterday's other scheduling circus? this one involving sarah palin and christine o'donnell. and, finally, let me finish before i don't believe either what either the white house or the speaker's office said during yesterday's childish spat and what that says we can expect from them in the future. we start with the timing of the president's jobs speech. clarence page, a chicago tribune columnist, and sam stein with "the huffington post." welcome to both of you. i'm not buying any of it, sam. i believe the white house selected that initial date specifically because it was the gop debate, and i don't buy what the speaker said either. perfunctory votes getting in the way or a security clearance sweep that's needed to be done in the house. what do you make of it? >> i agree on both points. i think the white house wanted a contrast

the weekly standard likes fdr. and we like the sort of roosevelt/truman/kennedy approach to foreign policy in the democratic party. when i took my present job, um, i was putting my various things in my office. and one of them, they have a few over here in the library, i have a clock which has -- it's franklin roosevelt, it's this little statue of fdr, and he's standing sort of holding the clock as if it's a, um, a ship's wheel. and it says at the wheel of the new deal. and i put it on this table behind my desk, and i remember our editor, bill kristol, come anything and looking at that and saying it's truly a neoconservative office. we have a shrine to fdr here. [laughter] i think, you know, who knows? i mean, it's always difficult to tell what historic figures would think about anything after their death. i mean, democrats are always lecturing republicans confidently about what lincoln would think about things, you know, he'd be horrified by the republican party today. um, some -- [laughter] somebody asked, somebod

how about -- >> how about they tell fdr do that speech tuesday, pearl harbor.onomic crisis, it is very important. [ talking over each other ] >> sean: wait! it was not that important that he would cancel his vacation. >> all of an sudden it is an emergency. [ talking over each other ] >> sean: one at a time. >> why hasn't he given it in the last six months? this isn't pearl harbor. this isn't time sensitive. wednesday, thursday, the economy is going to suck either night. >> sean: it is not a day that will live in infamy. >> that was contrived. he thought he was going to pull a slick move. john boehner, says i'm sorry no can do now he looks silly. >> you have to respect the office he should have granted the request. there's going to be 40 republican debates who cares about that. >> he said yes we can have this forum this is not the appropriate date. that is not disrespect. >> sean: if it was so important, he didn't have to go to martha's vineyard to hang out with -- >> congress was out of session. [ talking over each other ] >> he can't make appointments to have

they were unable to learn through fdr's failed policies. they exacerbated the depression.istorians revised history, in college they preached keynesian economics. and so, they continue to believe it. obama presents this trillion dollar stimulus package almost. it not only didn't work it has exacerbated the problem. i use that word advisedly again. it has caused unemployment to stay above 9%. now he's going for another stimulus. >> sean: this is it. infrastructure, which means more spending. even something as simple as letting the tax on gasoline expire, which i think would make a lot of americans happy, because americans are struggling. he doesn't seem to have the intuition, that even bill clinton had. >> he's fixated on his ideology. it scares me. he's the one guy standing in the way to the only reforms that can save the nation. we are at that turning point. we've talked about it before. we talked about it with clinton. now it is really true. we are approaching a point if we don't reverse this debt -- last year alone, our unfunded liabilities grew 10 trillion dollars. now

from my window i saw the fdr drive flooded. roosevelt island in the middle of the east river partially covered in water, something i had never seen in ten years living there. the fact is, with all the warnings and all the people off the streets and off the roads, i think it was actually quite helpful. i think people were not on the fdr drive and weren't there getting stuck in three feet of water that i saw from my window. in the end, it's 20/20 hindsight. who knew the storm would veer off and not be as bad as it was going to be? you couldn't predict that. >> howie, i also make the point when you say the media was located in new york and focused on this as a story, i think if a storm was going towards any coast where there's 35-odd million people lived, the media would be focused on that. there was a population here that would be affected by this that i think warranted a great deal of coverage. >> whereas washington is largely spared. i didn't lose power and i lose power at my home when there was a drizzle. philadelphia was very

you have to be like fdr and have another $1 trillion jobs program. what are they asking him to do? >> they are asking him to go big. >> but what does it mean? >> it means to do big, it means to spend as much money as he can, maybe $250 billion. $300 billion to propose a big infrastructure building program. roads, schools, airports. bridges. >> didn't we do that? >> we did. that i want to repropose card check and do things that politically are impossible for him to do. >> they want him to do things that the republicans aren't going to pass. >> right. >> what is the purpose of that? >> they will feel better if he does that. >> the president says we want a bipartisan plan. something i know will pass. that is the white house line. we are going to propose something that both parties like. >> paul, there is an enormous frustration in american politics now. we sat here at table -- sat at the table wanting to push government in default over the debt ceiling debate. though there was no possibility of them winning on the argument. >> this is the liberal equivalent. >> progressive equivalent

a joint session of congress is a place where fdr asked the country the day after pearl harbor for a declaration of war on japan. well lbj stood and asked for a revolution in civil rights. obama used it as a way to kick off his campaign. >> i could give you -- i would not have preferred to see him use the house chamber for that. the question is, as it was before he gave the speech, can he get anything through congress. the payroll tax cuts i think will get some support. the proposals -- a infrastructure, that kind of spending. but it might be the economy. >> welcome back. >> thank you for having me back. i am very happy to be here. i do think the republicans are starting to send some signals that some of the infrastructure might get support from some republicans. it is useful to keep in mind that the infrastructure bank is a proposal that was developed by the u.s. chamber of commerce, which is a great friend of republicans. also supportive of the afl-cio, a great friend of democrats. it has a lot of strength behind it in terms of lobbying and those who would advocate for it. but it does require

some of his liberal colleagues are talking about, friends are talking about, saying we'll go fdr all over again, we'll go with a big, new jobs program financed by government, we'll go with more regulation. i think that's going to be a recipe for gridlock coming for the rst of the year. it will certainly set up a framework for t election debate. but if he wants to get something done, i think he can confound the republicans in part, by going for a big tax reform, saying we're going to -- you want tax cuts? okay, we'll reduce the rate. let's get rid of the credits and other things to help pay for that, and that will -- ion't know what they do. i think they'd b back on their heels and say, whoa, this changes the debate in a way that we hadn't expected. we're going to plan a run against washington. he's now argueing on our turf. i think that's the fundamental choice the president has to make. i don't know whichway he'll go, but if he wants to change the debate, that'sthe direion i'd go in. >> we've been talking, as we get closer to labor day, congress n wate, labor day being tomorrow, we

both shattering the commonly taught myths about the great depression and showing how the policies of fdrf the depression, but prolonged the depression. there's another book i recommend. finally, i would say that probably the best book i can think about on communism that i left off is "animal farm" which hopefully you've read. it describes what's happening in cuba today, north korea, certainly. his book "1984", "a brave new world," a lot of great novels with lessons for us. we talked about rand, and i know more and more people who are in this movement for freedom that were introduced to these ideas by reading "atlas shrugged". they are not necessarily randans today, but they are great novels in introducing people to the fear of the growth of government. certainly, they were important books to me while i was in my 20s and i was exposed to a short book, "anthem" as well. i'll pass out the list this afternoon. maybe someone on the young america's foundation staff can do that. i will say this, on the back page of the handouts, there's gold seals on about 5 -- that 25* of these, and if you hav

goes through the progressive movement with wilson and fdr and the great society. arthur schlesinger's the vital center came out in the late 40s for early 50s. he gets lost in history a little bit but he was known to be a liberal but conservative on certain things when it came to defense and talking about communism and finding ways in which left and right can work together in winning the cold war. i suggest that. dan flynn's conservative history of the american left. >> i meant to use this joke earlier. i am the only person in this room who owns maureen dowd's book. if you want to do a liberal's office is in my office too. on a regular part of one's reading diet it is a good idea to read contemporary liberal writers who have influence. that would be one example. she gives a very good window, why it is necessary is the name of her book and believe it or not i think it is a -- insightful at the moment or a window into left thinking on some of these social issues but also the impact the sexual revolution has had on the relationship between men and women and she doesn'

overturned because i always thought the welfare state was either the invention of the new deal of ground fdr and the great depression or a 1925 labor government. >> low and we hauled and lo and behold the idea of the welfare state were products of the world for one and the invention of the woman. >> not only inside and outside the economic profession. what were the concerns? >> weir beatrice potter was a rich and beautiful heiress, and the daughter of a railroad magnates all sisters married rich and powerful and influential men. for those child day shall have other ideas. it turned out her mother had written a novel and was an activist of the free trade campaign. coming from of family of manchester and was best friends so beatrice had to invent yourself. spending 15 years what to do in was terribly torn between her own family and society's expectations for a rich and powerful man and hopelessly infatuated with the best looking and best dressed politician in england, joseph chamberlain who fy i is neville's father. >> and you never really reciprocated the affection? >> and it was on top of no

he ran against fdr in 1944. he famously ran against harry truman in 1948. remember, do we had been the gangbuster, this great courtroom prosecutor who became famous when he was still in his 30's for putting away mobsters. he was a courtroom performer, and that actually translated superbly well to a television studio. >> richard, let me disagree a little bit. i mean, this is a guy who clare boothe luce said looked like an ornament on a wedding cake. that might be a complement on one hand, but on the other -- >> he could not be handled. the people to try to handle and told him to shave off his mustache. it reminded people of charlie chaplin or hitler. and he would not. he also had the two front teeth with the big gap. he would not fix it. he said his wife liked him the way he was. that says something about personal character. i think as a persuader, someone who could market that and make the tv camera his ally -- >> how about willkie, who runs in 1940 against roosevelt? how would you done on television? >> well, will he seems to me to be a little -- he belong

. >> and modeling was in me for a long time, five years ago i was riding down fdr highway. i just looked at the water, water does something with me. shower, tub. and pool. whatever. i did come see. i looked out at the water and the idea came to my head. >> and neil patrick harris will be doing posing today, receiving a star on the hollywood walk of fame. and in movie news, lenny kravitz's daughter zoey is teeming up for the film "yelling to the sky". it's about a 17-year-old girl fending for her snefl a tough neighborhood. the movie screening to moss pos tiff reviews. >> and up next, san francisco is about to get more parks and lose parking spots. >> and there is a texting program to help drivers find coveted spaces in san francisco. >> and this is interstate 580. you can see there is a big rig there. bart delay about 10 minutes, traffic delays are huge now. and no word as when that car and big rig will be removed from the scene there. stay with us. the news continues right after this. >>> tomorrow is parking day. no. doesn't mean you get to park free. >> there is a global

same thing with fdr.ing with a strong great president. >> joe, there was a story that used to go around in the '60s and early '70s about the johnson presidency, probably apocryphal, but i don't think a lot of people thought it was apocryp l apocryphal, they thought it was more or less fact. senator church from idaho was a vocal critic of the war in vietnam, a vocal critic. and at one point, senator hughes from iowa, who was on the fence about supporting the president in the war in vietnam, had a line item in an appropriation bill for a dam on iowa, on one of the big rivers, the missouri and mississippi that runs through iowa. the president of the united states, lyndon baines johnson, called senator hughes and is said to have told him, you want that dam in iowa, call frank church and hung up the phone. in other words, you know, you want to deal with frank church, see if he can give you the dam because i'm not giving you the dam. >> this does happen typically in washington. maybe people don't like it, but t

>> i think he would be regarded as the best president between lincoln and fdr. he was a sort of. -- assertive. he had a lot of talent. people are consumed by the presidency. it is a malignancy that they suffer from. if they survive it, and they leave the office, james blaine was someone like clay. they were both very charismatic, polarizing figures, who, in office, would have distinguished themselves. >> sometimes we overdo the presidency. there is not much we would have changed if we shuffled these men around and put one in a place of the other. there are obvious exceptions. they are worth talking about. there is this a jump from the contenders in 1884 to 1824. henry clay -- do we have a moment to stop? a critical election in 1860. where it really did make a difference who was elected. i think it is like a chess board. these presidents often, because american politics is so senseless, they are over here on one issue. they will move back -- >> if you look at the republicans, often dark forces, -- a dark horses, who were elected. james blaine stands out in terms

because i had always thought that the welfare state was either the invention of the new dealer under fdr in the great depression or else the 1945 labor government after world war ii, and lo and behold -- so a product of disastrous times and quite advanced into the 21st century, and lo and behold it turns out that the idea of the welfare state and the first experiment in the welfare state were products of, you know, this victorian boom before world war i and the invention of a woman. >> host: i thought that's one of the most fascinating parts of the book because i didn't think this particular woman was at all well known not in sight of the economics profession but let alone outside of the economics profession. tell me a little about this woman concerned. >> guest: beatrice webb who was born beatrice potter was a rich, beautiful heiress, the daughter of a railroad man and she had eight sisters. they all unmarried rich, powerful and influential men. well, beatrice was an odd and lonely child who had other ideas for herself. it turned up at her mother had written a novel, had been an activis

. >> these suspicions and theories surrounded fdr in his time. why? >> right. that's who drew me to this project. i'm doing research more on the pre-world war ii period but seeing so much relevance and residence with what's happening today. roosevelt represented and identified with so many of the characteristics fundamentalists had been expected, that there would be a world leader, that democracy would solely fade. more and more power would become infused into central governments and there would be greater international activity. that nations would start to work together and all this would set the stage for the coming of the antichrist. so for fundamentalists in the '30s they look at mumussolini, hitler, stollen. roosevelt runs for four terms, tries to back the supreme court, congress is a rubber stamp. for the fundamentalists there was a lot to think it wasn't mussolini they should be afraid of but roosevelt as well. >> in your op-ped piece, you made me reconsider an ad john mccain ran in the 2008 presidential campaign against barack obama. i want to show it n

. >> and if this president is going to be able to get around that, as fdr did.ecause fdr in 1936 was not able to say that things were better than they were in 1932. he couldn't even say that in 1940 because things were still bad in 1940. but fdr was somehow able to articulate to americans the fact, michael steele, that something dramatic had happened in america and there had to be a fundamental reset. and they were in the fight together to reset it. and we have been hearing for four years what a great communicator this president is. at the end of the day, though, when it comes to going out and educating the american people about the great challenge that we're facing, that this is not just a cyclical challenge, this is a generational crisis, this president seems unable to get that message across to the american people. >> you're hitting on a very interesting and i think somewhat defining point. because you go back and look at the 2008 cycle and what then candidate obama talked about. it was this idea of hope and change. people invested in that. not just liberals,

you know, you might say that fdr had a different type of intelligence. he certainly was smart.so could read people. reagan could read people. this is all -- another type of intelligence that may be very important in the oval office. >> it's an interesting question. we want to hear from you folks on this. does academic achievement bring oval office success? e-mail us. thank you, we appreciate the perspective. >> thanks for having me. >> what would you do if you spotted your stolen car? and the thief behind the wheel. you don't believe what one woman did when it happened to her. what's more important? the amount of sleep you get or the quality of sleep. a new study with alarming results. football is back, and verizon is bringing it straight to you. introducing nfl mobile for 2011. built to bring you the game. only from verizon. built so you can rule the air. >> when it comes to our sleep and our health, is it quality that matters over quantity? don't you want a lot of sleep? well, as it turns out, a new first of its kind study shows a link between a lack of deep sleep and increas

when we have an fdr we get movement.ded that and haven't had it. >> tom, i want to pick up on something jeffrey said. we spent the last decade -- the chinese have been making strategic partnerships economically in latin america, in asia, in europe, all across the globe, in africa. we have been dropping bombs over afghanistan, pakistan, iraq, libya, now yemen, somalia, countries where we haven't even declared war. we see more extended militarily now than ever before, less focused militarily now than ever before. donny is talking about declining empyres. i think it is time to dust off paul kennedy's book and look at the rise and fahle the great empires and just ask ourselves, how sustainable is our current military footing? >> you know, look, joe. i supported the iraq war for democracy reasons so i'm as responsible, you know, for encouraging that trend as anybody. and i feel terrible that we have spent so much money there. we can argue about the war and whether it could have been done better in ten different ways but what

we've basically stayed at the presumptions of fdr versus ronald reagan. nothing wrong with either one of those sides. >> nope. >> i can believe in one side, you believe in the other. >> except for the fact in practice, many conservatives as you've pointed out -- those are conservative talking points about their -- about what they believe. >> right. >> what i think mika's point is that, you know, the president explicitly in his speech tried to point to things that republicans have historically voted for that he was proposing. and for boehner to say, to answer that by saying, you know, you're basically a socialist, you believe in the government running the economy, we believe in the -- >> now you -- is your thought process being infected by the rage to the left? >> why don't you just -- >> detract the word socialist and simply say, boehner's saying you guys want the government to run the economy. and the president's proposals were proposals that, as i said, in the past, take, for example, cutting the payroll tax. that is hardly a proposal that reflects a de

no one ran for nine percent unemployment since fdr. we don't know. it is har.oint about the long-term helping the short term. i agree. you will get an incredible boost from the international investing community and the markets. but he has to make a complicated argument. he's done bits and pieces and never put them together. we have a short-term problem and do anything about that right now and at the same time we do long-term structural reform. he has to explain why they fit together. he doesn't have to say about the medicare retirement age on thursday night. but has to lay out why they are connected. >> chris: when we come back, 2012 presidential race. rick perry tops the [ man behind every business is a "what if." what if we designed an electric motorcycle? what if we turned trash into surfboards? whatever your what if is, the new sprint biz 360 has custom solutions to make it happen, including mobile payment processing, instant hot spots, and powerful devices like the motorola photon 4g. so let's all keep asking the big what ifs. sprint business specialists c

it's a real thing created by fdr to quite literally turn the lights on all over america. the mission was to get electricity to american farms which had little electricity at the time and little hope of getting any ever. it cost to much to run wires to every far flung family with a few acres. yet the nation had an interest in it happening. and making it happen would make some jobs. so the government intervened. first in providing electricity to rural places and later in providing phone service. when president roosevelt acted in the '30s we were in the middle of the great depression. the nation was flat broke with bread lines and shantytowns and hobos on trains crossing the country for work. in the darkest hour when things were as tough as they'd ever been, the rural electrification administration worked. the chair of the appropriations committee grew up in our nation's poorest state in those tough times. congressman witten asked for a report, and it notes in the second photograph rural electrification was part of a general program of unemployment relief. it shows this char

. >> fdr said this would not make it through the 80s.omise you i have to work for the rest of my life, i've accepted that. >> with your voice i'll do whatever you tell me to do. >> it is a basic ponzi scheme the structure the definition. more importantly, me, my wife, my family we have not believed in social security and we've taken every step possible to ensure we are on a cash basis to make sure we have assets necessary to live through that. >> allow me to be political for a moment, electoral for a moment. aren't you nervous, going too an election with independents and conservative democrats that this language turns people off? >> no, not at all. he should look the american people in the eye and tell the truth. it is a ponzi scheme i am >> we are adults, we can take it. we understand what a ponzi scheme is. we know this is a ponzi scheme. >> if you asked everyone here the thing we want most is the truth. we don't trust our politicians at all for the truth. >> it is time we heard the truth. >> maybe we can't handle the truth! [ laughing

al smith comes out in opposition of fdr, doesn't support him in the 36 and 40 campaigns.appens every year. the presidential nominees goes to it during campaigning. >> barry goldwater going to make the list. george mcgovern make the list? >> yes. everybody says he got whitewashed. he was representative of an era. the democratic party changes at that point. >> changed the system of presidential primary process in a way that is still impacting. >> >> iowa, new hampshire, that system now. >> finally ross perot? >> i don't think you can go to a tea party rally and not hear echos of ross perot. a lot of people argue without perot, he was tied almost in a dead heat with george h.w. bush and drops out. he takes a lot of oats away from him. a lot of people argue bill clinton would not have been elected without ross perot. >> the series looks fascinating. can't wait until it's all out in one session as well. i got my tivo already set. >>> if it's wednesday, it is our hump day panel. we got special election results to break down. we'll talk about what this double whammy means for th

that the president when he speaks to congress on thursday will talk about big plans on the scale that fdr had when he brought the new deal forward, because we have 14 million people unemployed and it is important to be mindful that just small steps aren't going to do it anymore. >> and if you were the president, how big are we talking about? how big does president obama have to come out to make a real difference here? >> well, i would hope that the president would call on the government's capacity to be able to spend money into circulation just like the fed to create money out of nothing to quantitative easing. the government has the capacity to spend the money into circulation to meet the infrastructure needs of the country, and the american society of civil engineers says there are $2.1 million of needs that has yet to be met. and you have half a million jobs right now that could find funding with the help of the federal government, and we should be looking at the green revolution in terms of funding it. nasa has enormous capacities to be able to help serve as an incubator for jobs in t

no one has run for reelection with 9% unemployment since fdr. it is going to be incredibly hard. the point bill is making about long term helping the short term, i agree. as soon as they have a credible plan in place for fundamental structural reform in all those areas we are going to get an incredible boost. but he has to make a complicated argument, i think he should have made it a year ago. he has done bits and pieces but never put them to be. we have a short term problem the jobless recovery, we have to do something about that right now at the same time serious long term structural reform. he has to explain why those two fit together. he doesn't have to say exactly what he wants to do on medicare retirement age thursday night. but he does have to layout why those two are connected. >> chris: we have to take a break. when we come back the 2012 republican presidential race. rick perry tops the polls and faces his first debate this week. f! >>> career politicians got us into this mess i am and career politicians won't get us out many >> we cannot concede the moral authority of o

with respect to fdr that that's no longer the case. americans have a will he expwrit mat fear that government is out of control. spending the nation into bankruptcy and failing to fix economic problems. that fear is real. and it's a present danger. what dick morris said on wednesday is true. if the election were held today, president obama would lose by a substantial margin unless his owe pony negligent had less credibility than he does. if the republican challenger presents economic solutions to the nation. it's hard to see how mr. obama can succeed because of his economic track record. this is not a partisan analysis. when president obama took office, i knew he was an income redistribution guy. in fact, i challenged him on that in our first interview during the 2008 campaign. but once elected, i decided to give the president a chance to see if his economic vision, big government management of the economy could turn things around. well, we all know things have gotten worse, not better. american voters are angry, frustrated and again m

fdr was spending money into circulation in order to get america back on its feet. weren't in a depression any longer then it occurred. >> bill: we don't have any. >> >> bill: i don't think you have to do it. i think the private sector can do it. with strategic legislation. i don't think the federal government can do it. >> where? >> bill: going to be catastrophic. >> that's exactly -- the fed printed 1.2 trillion and gave it to the banks which didn't loan money to main street. wall street high cotton and main street is suffering. >> bill: how did that work out. >> not very well. the banks got the money. the main street didn't. >> bill: makes my point the federal government can't run the economy. >> if they give it to wall street, it's a problem. give it to main street to create jobs. >> bill: you can't give anybody anything and you know that i want to get to this immelt thing because you were ahead of the curb on. this of course, i broke the story but you picked up on it. on august 26th, your osu released this press release and the headline is what other u.s. techn

they're looking at fdr, they're looking at ronald reagan. they're saying these two fellas got re-elected -- >> -- at 7.2. >> and unemployment was going down, not up with ronald reagan? >> it's hard to tell trajectory. but let me tell you what president obama has on his side. like no other candidate i have known, and even now as president, there is this in the ground water, a hope that he will succeed. they're mad at him, they don't like his policies, as we've seen in all of these -- but there's some kind of resonance there, that he still has, that if he can recapture some of that hope, all his opposition made fun of him, but if they can recapture it -- >> if you dig deeper in all of these polls, whether it's our poll or any of the other polls, the job approval number on the economy may not be good. the overall job approval number may not be good, but likability. >> unless you're part of the hard-core base of the republican party, which really does not like barack obama, but for independent voters, there's still a sense of giving the guy a ch