. >> woodruff: so jim surowiecki, the president was defending his approach to this and governor romney was taking shots at the president saying the u.s. is headed down the same direction as europe, why do you think we're not seeing a fuller, more robust discussion about this on the campaign trail? >> i think there are a couple reasons. the most obvious reasons vn that simply that frankly there's not much the that the president can do about what europe is going to do. so certainly the obama administration has tried to exert various forms of moral situation, tim geithner has been pushing policymakers in europe to deal with the crisis but in reality that's about all they can do so that, i think, is probably the biggest reason the second reason is the complexity of the euro crisis plays itself out in a variety of ways so you can spin the story in many different ways and i don't think it lends itself to a clear narrative. mitt romney wants to reduce it to too much government spending in spain or greece. the spain case is very odd. spain got into trouble not because of too much government sp