Politics of US economy
All-Star Panel weighs in
- Duration 5:28
- Date Jun 7, 2012
All-Star Panel weighs in
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This transcript is automatically generated
Bill Clinton talking back walking back something you said yesterday about extending.
All of the bush tax cuts at least temporarily.
That's his answer today we're back with the panel Charles.
And concise way to summarize that is it depends what is it is.
I mean I write for a living and I noted in my day and I visited some lousy company that I can't make heads or tails of -- It's really unedited -- psychiatry and if there's -- -- -- raving lunatic excuse me psychotic who comes in the door.
And makes no sense you you you say he's speaking -- word salad this is a word salad with vinaigrette on and I he's apparently trying to -- -- this idea.
He contradicted Obama on.
Extension of the bush tax -- knows he did he's not changing his position.
That I can understand but he's basically saying I'm sorry.
I don't think it watches and I think you -- took a look at him -- you know.
That he's saying so essentially he's doing with a wink and an item under duress.
Don't pay any attention -- and I'm saying.
Houston this comes as new polls are out Fox News polls out today.
That's the vote for president were held today it breaks down like this.
43% there you see the difference between may and now according to our polling.
And it's a plus or minus 3%.
And then you look at independence.
And it's Mitt Romney 38% Barack Obama 34%.
Your take on these polls.
Well this is what I -- predicted would -- was that it would it would tighten up this way it's interesting that Mark Halperin of time magazine story out today saying that Democrats are now the concern that Obama.
Could possibly lose which was always obvious that he could potentially lose but for some reason on his people in Obama land and the Democrats -- living.
I don't know in some other bubble where they didn't realize that this was going to be a really tight race I think they're starting to realize -- and -- -- a poll like this is gonna just reinforce that.
The good news in the poll for Obama and it's not Hamas and this is amazing news is that a lot it was 55%.
In April -- -- ten -- we're in a recession vs 41% now.
He needs that trajectory to be you know at least people feel that we're no longer recession they think -- a downturn now -- a slight improvement.
Only about 1% they'll put up a number five as you could that that poll that here's since talking about is that 41% say their.
In a recession 42% say the downturn 15% say you know doing OK I -- down from a borderless yeah I thought bill.
I would love to be final on November 6 and election and the video -- -- on the in the voting Booth in Westchester county New York -- Bill Clinton it's.
I'm Alexi who Bill Clinton is really gonna vote for in this election I think Bill Clinton will vote for -- property -- -- yes he deeply well a -- I think trying to be better president these Clinton at the end of the day it's a grown up who.
Did have a reasonably good economic record and those that Barack Obama is clueless about the economy.
Beat President Clinton is justly proud of the fact that he took the Democratic Party to the center he rescued the Democratic Party from his failures -- preceding decades that.
Dukakis Mondale party and Obama's taken -- back there.
And he's done so while dissing Bill Clinton continually and it is really startling you can listen to Barack Obama -- -- for months.
And of the last thirty years from recognition for terrible right wing income inequality has always failures.
And you know bill Bill Clinton must listen to the speech is saying hey I was -- -- -- -- he hears that the way in Obama's mind as sort of Reagan bush parenthesis Clinton.
Bush bad years I'm the savior and I think Bill Clinton does not really appreciate that -- -- -- Russell while he says in response to questions about that that that's knots and then he says if Mitt Romney was present -- be calamitous.
You just don't -- that.
It's shocking rapid I don't entirely believe that Bill Clinton as -- -- 100% -- under a 100% of the time I do wanna mention that the Fed chair Ben Bernanke was up on Capitol Hill today.
Said that the crisis in Europe Charles has affected the US economy dramatically.
And is calling on European policy makers to take a number of actions.
-- how do you think that all fits into the picture of the US.
And I think it helps explain why there's worry of concern or panic in Chicago Lenovo and camping.
It is only the failure of the -- out of the campaign effective Romney's doing.
Well and -- they understand there are completely hostage to Europe.
They came to a thing about it and the reason that the markets have dropped except for yesterday but a dramatic drop.
Almost all the gains of this year given to -- is because.
We're as people thought they were around the court has turned a corner on in Europe earlier in the year it looks as if it's really in bad shape of the bags in Spain on the brink.
Greece could have an election that could to have them leave the Euro zone.
If all of this happens far more likely today meeting collapse in Europe and would have been six months ago it's certainly -- -- -- US economy and it will hearted.
Early enough to to affect the election and they know.
There's nothing that this administration can do.
Any administration it's really -- -- alliance.
Even pressuring Germany to act more than it is I don't think Germany is gonna respond -- pressure what exactly is our leverage.
Are we an exemplar to say look how well we did so you ought to do what we do.
Germany's one of the success stories is not gonna jump off a cliff because -- -- -- president -- -- they say I need you to help my reelection.
Not gonna work.
That does it for the panel the -- -- this.