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Obama pleading for patience

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    Bob Cusack on the president's promises that economy will get better if he's reelected

  • Duration 7:19
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Ready to go check it -- And that we were just talking early -- with without -- About President Obama is sort of big for the base now with the immigration nine executive order now it's Friday.

But he's also the same time pleading for patience what what does he mean by that exactly.

Patients on the economy and we saw this 2000 forward George W.

Bush ship pleaded for patience on another issue on Iraq on national security.

But -- here now Obama has it very difficult task because he is pleading with -- Americans be patient on the economy he claims that it's getting better.

And it will get better.

In his second term but you know you look at the last -- elections 200620082010.

Wave after wave after wave some Democrats win some Republicans of one.

But that the electorate is very impatient so it's a very tough sell to make the case on one hand that the economy has improved.

But there's a lot more work to do and I would get it done and that is going to be -- -- -- delicate balance for Obama.

But it's one he has to -- to make he doesn't have many options here because he he's not talking a lot about.

His health care and stimulus achievement said they are very popular and it does come down to the economy.

He's got to make a winning argument and that wind possibly it's going to be close but he -- he still is -- Accent as well it seems to me -- making the argument that we inherited this mess it's not really Al fault we need more time rebuild it was talking about the I think you made a comment last week that he was like somebody walking into a restaurant.

Ordering a cheese steak dinner and then Martinis etc.

and then leaving you with the bill -- -- is -- is an argument -- -- from any polling that you've seen.

That he's gonna look with -- -- is three and a half years into his own terms.

I think it's it's tough but I mean polls do show that a lot of voters still blame -- George W.

Bush for the economy and honestly.

That's the only reason Obama is in this race I mean if they didn't blame bush Obama would be down.

Ten points so it made the -- they do have to and I think they will continue to make.

That argument but you know we've seen the -- 2009 that the recovery summer that didn't pan out and we've seen Obama make these comparisons to the economy being.

Like a patient who hadn't had a heart attack and you've got to be patient because there's still recovery.

Going on wealthy don't have a job and and you hear the president blaming bush and you see more congressional Republicans.

Going after the president on how he is blaming everybody else.

Except for his policies that he's put in place so.

To some extent it and if they had shown at work because a lot of voters still blame bush but at the same time near the -- -- -- -- president.

You've been in charge for three and a half years and bush is not on the ballot this year all right that but I did related to.

The economy of calls ball but I -- poll.

Showing that a lot of voters feel we are headed towards a so called double dip recession.

The idea a new poll -- and we came out this morning three out of four.

Likely voters saying that they are there concern it would only two gonna go to a double dip recession.

-- those are very bad figures four Obama's reelection campaign the fact he had so much angst out there about the economy.

That they think we could do a double dip recession.

And if that obviously happens or if we see.

Keep continue jobs reports that are as dismal as as the one a couple weeks ago you know I've got some Democrats in private -- they say if that happens.

In -- -- is probably gonna lose because if if the economy is going south and most people think it's going south.

With very little chance of of moving upward anytime soon.

-- -- -- -- -- -- -- -- -- Three out of four isn't he isn't really kind of -- -- devote as it traditionally ball being in your experience and the knowledge.

Do they vote on what they think -- coming rather than the way they actually feel.

I think it comes down to their own personal going back to re -- -- better off his line you better off and you know four years ago I think that's when it comes down to -- and Obama has admitted that.

Things aren't better.

For most people.

And they were four years ago so it in a way -- trying to take that off the table because he said listen it's we had this Great Recession in 2008 financial implosion.

And we're still recovering from an -- and then he goes back to that patients argument.

But but voters haven't been patient so I think comes down to where you think you walk and way you think.

Your kids are gonna be they gonna be better off but it comes down to.

Today your bank account your job situation and that it that's that's good for Mitt Romney because most people are unhappy with the direction of the country.

All right and that causes -- less popular than either presidential candidates I think it's approval rating still hovering around the single digits somewhere.

That you did there isn't another story looking out at the hill this week.

Saying the legislators if they want to get any of major piece of legislation through it and now more and you gotta wait until after the election.

Yeah this is a crucial stretched to weeks here before the July 4 recess for congress we have.

Fair amount of bills that are pending -- -- highway bill that may -- may.

Get signed into law and you had a student loan rate bill that both parties want to keep.

That's the loan rates at 3.4 percent but they disagree over how to pay for -- those are June 30 deadline so.

Unless congress -- -- federal student loan interest rates are gonna double to six point 8% some conservatives say that.

Foundation be involved in this anyway.

And nation let that rates double so I challenge for Republicans and Mitt Romney favors keeping the interest rates at 3.4 percent -- -- other bills like cyber security.

A crucial stretch here we have the house and senate.

In -- the next couple weeks and then it's after July 4 it's really.

Much legislation it's just not gonna happen it's it's all about the campaign so -- crucial -- for reconnaissance.

You know actually the last couple weeks that congress -- approval rating has gone up a little bit it's it's -- -- -- double double -- but -- it is.

In the fifteen to 17% range and and that helped present Obama because he's obviously running against congress in his campaign strategy.

They must be so proud of that bump in their approval -- all the way up to 17% on a good day.

I'll I'll just quickly to the inside track on any thing -- tell us what day we getting the Supreme Court healthcare decisions -- know you know.

Well the well I I don't know what I -- bit the next day that it could happen would be this Thursday.

And then in all likelihood if it's not Thursday it's gonna be early next week so.

Imagine you know the -- crush of journalists.

The public lawmakers.

Trying to read this in just a flurry.

Of of activity and not knowing that you had the immigration -- Arizona immigration Supreme Court ruling.

This is all gonna happen within the next week unless the Supreme Court decides that they're gonna release it a little bit later next week but.

In all likelihood within the next week we're gonna know -- how the Supreme Court has ruled on health care and the Arizona immigration law.

Wow it's going to be a busy and fascinating political week and we know you'll how -- inside information fourth ball was always great to see a -- segment.

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