Get Adobe Flash Player to see this content.

About This Video

Politics of Fear

Title:

Politics of Fear

Published: Fri, 27 Feb 2009

Description: Dick Morris explains the effect of President Obama 'talking down' the economy

-

Automatically Generated Transcript (may not be 100% accurate)

" But I didn't Obama's spreading panic. That's the tide on Dick -- coming in and -- criticized president Obama for not doing enough to stop global panic about the economy. Whether or not you really Dick Morris it is true the president in very ominous language. Talking about our economy."

" Don't need to hear another list of statistics to know that. Our economy is in crisis in the coming years would transform. The American economy amidst brutal and -- depression. And even if your neighbor hasn't been hit by foreclosures -- likely feeling the effects of this crisis other ways. The situation we face could not be more serious I tell you that we've inherited an economic crisis is deep and as dire as anything of the Great Depression. Doing little or nothing at all will result in you were even greater deficits. Even greater job loss. Even greater loss of income. And even greater loss of confidence."

" Dick -- is the author of Clayson joins us live from the study hotel -- Yale in New Haven, Connecticut. Did I know I'll imported isn't the president instill a sense of enthusiasm. Optimism in us as we go out and they economy so we can stimulate I am am I don't know why doesn't say that it's great it's not the Dow got the honor in nineteen something that is that what you want them."

" Well the more he talks about how bad it is the more he makes it bad. And isn't that I don't think he's not doing these not during enough. To make us feel confident his deliberate strategy in my judgment from the time he got elected. Until now. Has been to magnify our fears of crisis so that he can get his stimulus package passed and it socialization of health care and his. I huge tax increases. That's what he wants to give. And this is not a means to an end that is the end. And by making us feel that the world is falling apart in the sky is caving and he does two things first really sure is that it is. And secondly you make sure can get his programs passed."

" So why do you say get it it's not. Just about economic recovery but it's about an ideology as well and is there -- in the pessimism. Around the economic recovery issue in an effort to achieve a particular ideology."

" Couldn't set a better exactly true yes."

" Precisely if you could never get 800 billion dollars through congress. Oh deficit spending increase in the deficit from 100."

" To -- one point two and one day."

" I you could never get these -- bid trillion dollars of tax -- through -- Clinton tried to get medical care through government through he couldn't do it. And if he convince everybody that they're -- going to drop dead and lets you see that. And what he's done is that everybody who has a job now is worried about losing -- everyone who has a home now it's worried about losing it. And as a result nobody spending money and -- transforming 82 recession into a depression."

" Eight downturn into a crash. And -- disaster into a catastrophe."

" Isn't that what he took every single American though I'm gonna give you change Hillary's time but -- let me talking about ideology in this week when he alike are not delivery nobody told every single person for the last two years it was going to them."

" Absolutely this guy is keeping every single campaign promise she's ever made. And frankly I think we finally found a man of principle who would rather see his program adopted didn't get reelected. The problem is it's entirely in the wrong direction. You know Lyndon Johnson's hallmark Greta was the war on poverty. Barack Obama's home mark is the war on prosperity."

" So now what that means so let let's let's say you're having this conversation. I year from now what you predictably the situation -- I take you worry they're going to be seen great phrases is it is a brilliant man are. What a cool look what he's done dodge which one -- a big Hattaway now."

" Be. It's going to be. What a full week and what -- he was. Because look. Everything that he hoped to accomplish in the stimulus package."

" He's officiating repealing blocking by his tax package. He's going to people and saying please have confidence please spend money please make investments please act like everything's gonna be great."

" But in eighteen months you're going to fall off a cliff and I'm going to take every dime that. Can be a little bit like -- being encouraged to eat. Knowing that he's tomorrow's breakfast."

More Videos From FOX News

Dick Morris' Take

Dick Morris' Take

Ex-Clinton adviser on former president rescuing U.S. journalists jailed in North Korea

Video|Wed, 5 Aug 2009|More from The O'Reilly Factor
|barack obamafound at3:04, 4:15

about here is the appearance of corruption I mean I don't think Barack Obama . Is saying okay because NBC news helped me get elected. I'm gonna give General Electric ABC NV I think he's doing that
turns into I'm asking every guest attack every political guests tonight agree Barack Obama . It's been a little bit more than six months they've been an office. What would you give them overall grade by his
'Gates'-way to Disapproval

'Gates'-way to Disapproval

Dick Morris on Obama's handling of Harvard professor's arrest

Video|Thu, 30 Jul 2009|More from On The Record
|barack obamafound at4:34

won -- a three way race. And then the third lowest is Barack Obama . Sorry I think that's pretty significant that his numbers are lower than. Really anybody at this stage of his presidency except for
Presidential Progress Report

Presidential Progress Report

Dick Morris analyzes Obama's prime-time press conference marking his first 100 days

Video|Wed, 29 Apr 2009|More from Latest Video
|immigration reformfound at5:02

count. Two questions on waterboarding. One question on abortion one question on immigration reform one question on how the minorities are being impacted by the stimulus package. No questions about. -- in the banks he answered