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Rep. Chris Van Hollen on 'Your World'

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    Maryland congressman on economic crisis, 2012 race

  • Duration 7:04
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This transcript is automatically generated

You remember the Republicans had this gigantic clock in the arena.

-- in the size of the national debt.

And Paul told America.

If you elect Republicans.

We can fix that.

But.

If Paul Ryan was being honest.

He would appointed to that debt clock and said we built that.

I think congress -- I don't know what's it.

-- it -- -- who at least address but that -- maybe not the way some Republicans would like releasing meant to defeat Georgia right now and I thought I'd say congress and out.

It is amazing to me to be sensitive you're referring to that Clark how few of your colleagues speaking down there.

Do like it doesn't exist.

Well I I beg to differ on that night condition myself for the number of others -- President Clinton talked about the deficit the debt issue and he pointed out.

Really what -- pointed out which is that when he left office.

We actually had projected surpluses for a long period of time.

Because when he put together his economic plan.

He did it a balanced way he invests in the economy but it's your call.

Back in 1993 he also said we gotta take on this deficit and he asked for some more revenue.

He got it every Republican in the house everyone voted against it but we had a balanced budget eight years later.

What's weird about it it is yet to hear maybe -- speakers and as.

Can anyone say this president's done wrong -- -- the president that he's made any mistake it'll stand and I think that the president's most revealing I was -- -- tell my story better argue my case better but never that he thought standing.

-- the president botched any kind of the Republicans are evil and their motivations of systematic -- -- -- but I mean.

-- deep deep DD -- in your opinion.

Any seeing.

Wrong.

Not not the substance of it and but let me talk about health care you let some Republicans especially the senate make him think.

That they actually -- -- work out something along the lines of the Mitt Romney Massachusetts plan and people like senator Grassley who used to be very much in favor.

Of course of the -- plan that Mitt Romney had in Massachusetts and he had wanted to make it national.

Democrats thought hey here's a guy we can work without forward looking at his model.

But other than that kind of thing I think the president was in very challenging times we know that the academy was -- Give that a rest -- -- the challenging times thing injustice we know you inherited man as he announces he's gonna blame others and I don't know maybe move onto another one made -- look.

-- Fillmore I don't know but do you think the American people and a movie here oh my god here goes again and equities here's the mess I got to -- -- or -- -- -- you said that we think all -- the Republican street but you know that's true that's my -- Iraq and no doubt they'll look I get along well personally with our own -- I remember you do it literally you know we did our -- we do and but we have really strong differences -- on these issues.

And when it comes to this situation the president inherited.

It is certainly reasonable to point out that when he was elected we were losing 800000 jobs a month and that we have now seen 24 straight month surprise surprise it's like.

By the way that's another thing we've -- this -- Move numbers right I mean art both parties are inclined to do this -- -- Lisovicz is always sense but now -- thinking seems to be look at the four million jobs created since what.

-- 2010 minutes.

So that's become the nuclear not -- when it -- office when things really -- -- every 2010 but we judge.

Presidencies fairly or not a congressman.

On how they did from the point -- -- and so it's like you're trying to move the field.

Well -- -- a look you know I think we all know that when something's going down really fast.

It takes time to stop that the president acted immediately passed the recovery bill -- passed the auto rescue bill I would ask.

What -- Mitt Romney and Paul -- do we know that Mitt Romney was in favor of government intervention to help Wall Street right he was in favor of the bank rescue hole when it came time to help the auto industry and American manufacturing.

Forget it no government role.

There is some of the jurors who look at rescues you know I chatted about this congressman who were afraid in and on this that we embrace that are concerned about President Bush starting the bank rescue that it is -- slippery slope that it leads to other industries.

Expecting something from watching and that indeed.

Is what has developed to the point now where we've got a lot of folks very dependent on the bigger government how do you answer Americans want seeking.

This -- moment yes I feel and happy for those.

Whom now have something they didn't have the floor and a little girl is going to be taking care of now but what about all the taxpayers are gonna be saddled with the bill.

Well I mean the moral hazard issues of real issue now let's apply -- to what happened with the Wall Street meltdown.

Republicans and Democrats alike -- mean after all President Bush is the one that asked congress to intervene.

Happy about it because they believe that I think they were right that if you had to -- you would -- total collapse.

Of the American economy -- -- a lot of us would be willing to let the financial sector sector.

Take a hit if it wasn't gonna spread to the rest of the economy.

So.

Is that it doesn't necessities of life today that -- -- America were to go belly up what would you bet.

Saturday rescued with what -- losses now.

You know no no one of the reasons we passed the Wall Street reform bill was to prevent the American taxpayer for being on the hook and one of the provisions in there requires.

That companies have to pay in the end for the rescue Freddie rescue -- Anybody -- -- -- melting says literally had to -- like this is that it believes she didn't you raise it once that if if we're in another meltdown environment you know everything.

Full -- -- in that -- in that environment so their assets or would spit in the end with the government then.

Got a -- we got back to that -- -- -- America's gone belly up.

Step back to Politico going.

-- that's why we tried to we're trying to create fire -- in the Wall Street reform might be the first to agree that it's not perfect but it's better than where we worry in terms of preventing the contagion from spreading for an.

What we're all trying to get to is a point where the hope that we don't have to.

Rescue these these these banks and that they'll they have to go bankrupt and and reach that you know.

When they reap the benefits of the decisions they get to keep them taxpayers shouldn't be on the.

Well -- all right let's have it right at that even though you wouldn't be playing slow grind for the president.

Offer Joseph Biden -- it's -- practicing for the debate.

Because that don't.

Well look we're we're gonna get started in -- and -- The vice president there's these issues well from budget issues to national security foreign policy issues I know -- -- -- to present.

Those issues and so I think I may be able to us we have some help from my.

Republicans are salivating that the vice president resolute standing cynicism and stupid.

-- Republicans are getting ahead of themselves.

Well look at the vice president is somebody who speaks from the heart he'd be the first to say that there have been times when he has misspoken but with the American people know from Joseph Biden as he may have the title.

Vice president Joseph Biden but he's a guy is always looking out for the average show he's known for that aren't -- come through congress and thank you very much see you it's Jones had no sleep but.

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