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Tough Sell?

Title:

Tough Sell?

Published: Thu, 19 Feb 2009

Description: How can President Obama increase America's confidence in the economy?

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Automatically Generated Transcript (may not be 100% accurate)

" look at the airport in Ottawa Canada. And those are some cars belonging to president Obama's motorcade we're expected to see the president at any moment now he'll make his way to parliament hill. And then on to a meeting with Stephen Harper the Canadian prime minister where they're going to talk about the economy and a lot of economic interest shared between these two countries. But back home very very bleak picture when it comes to the way people are feeling about the economy even as president Obama. Is pumping trillions of dollars into it try to get nation back on its feet. Some new polls those suggested that Americans remain fearful about the future they're worried about losing their jobs. They're worried about paying their bills and with public fear on the rise what does president Obama need to do to sell his ideas to the American people. And also to the banks could loan money to help with that Michael may have with the senior adviser today Kerry Edwards campaign he joins us as does Bradley good. Who was deputy assistant to President Bush gentlemen nice to talk to both the view. Michael let me start with you president Obama swept into office nearly exactly a month ago with hopes of RJR promises rather of hope promises of change."

" Well I think he made it very clear another night that he got elected that the problems that he inherited were so it's steep it's so severe that is going to take a lot to get it done. I think you saw the first month of his presidency got a massive stimulus bill passed. Just cited an alarm few days ago and we're going to begin to see some of the positive effects of that the banking gun situation in the housing situation that they announced yesterday. That there working on seven of nine million people who play by the rules who houses are now under water on their mortgages to get help to save them so little have to foreclose because they have been playing by the rules. So the -- vivid multi headed problems require a lot of work and a lot of shoulders. And you got to get a new government opera running in the same time and I think he's done outstanding job given the circumstances."

" We base but he also has to instill confidence brad and so far it seems like anyway. Americans aren't the only one not."

" They're not because they don't like what they see the American people don't believe. That you spend your way to prosperity they believe you grow you way to prosperity. And they're afraid about the future and they don't know when the spending by -- the president this administration is going to end. We just saw massive spending bill the largest in our nation's history the world's history. Now we have the housing market that's coming knocking at the -- soon to be the auto industry coming back and what about the credit crisis that's about to happen. We haven't heard anything about that Visa Mastercard are going to come knocking the door to because there are people are default the American people don't feel light at the end of this time."

" We have -- new fox poll numbers that are going to come out a little bit later on today but earlier this morning we saw some AP poll numbers and let's put them up real fast. These don't look good gentlemen let's sort of examine this right now to give us a sense of where we are. Polls -- a snapshot but this is not a pretty picture this is the percentage of people afraid of losing their jobs 47. Percentage of people who are having a hard time are concerned about paying their bills 65. Percentage of people who are worried about their stock -- their retirement investments 69%. Michael. What can the president be doing if anything to turn those numbers around."

" Well I in those numbers have grown over the course of the past year and it much worse than it did the daily bombardment of the problems that the country faces that that this president inherited I think -- what he's trying to do is find find ways to come together with the Republicans in the congress and the Democrats. To help shore up the difference sectors brad just mentioned -- to -- to sell multi headed debt debt to find something that that has transparency that has our accountability are the hallmarks of why don't the president Obama is looking for. And it's going to get worse before it gets better the predictions of unemployment are going to be in 8910%. By the end of this year and next so. There's not a quick fix to the size and scope of this problem."

" I think back to Ronald Reagan though brat who came into office said there were some tough economic times that he faced as well in his first term. And yet I think he'll always projected. The image of confidence. And yet yesterday when we heard from president Obama talking about his mortgage plan. He used the word crisis over and over and over again. And he's been criticized a bid for that I'm just wondering hope but Americans keep hearing that word. How are they supposed to feel optimistic about the future."

" When you can't if your president who's the cheerleader. Of the country and and in this somebody who must be. Some we will look up to -- confidence is telling you about gloom and doom. And doesn't give you hope Americans want to see light at the end of the tunnel they want to be hopeful and want to believe in our presidency. This guy has high approval ratings to continue that he's got -- on -- level with the American people. But be hopeful and optimistic about the future and Telesis plans are going to work and show us how they're going to work that he doesn't do that the American people are going to lose confidence in him. Whose confidence in themselves and only going to dig ourselves a bigger -- Bradley -- Michael Meehan gentlemen thank you so much for coming on talking to us about this of course will be watching and listening. President Obama in the days and weeks ahead of."

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