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Lou Dobbs on Leadership in a Crisis

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  • Description

    FBN's Lou Dobbs weighs in on President Obama's leadership.

  • Duration 4:32
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This transcript is automatically generated

Time to give -- some credit really yes.

You talked about this very subject here.

And our next guest points to this quote it's sitting on the top of his web page -- from didn't senator Barack Obama in 2006 when you said quote.

The fact that we are here today to debate raising America's debt -- -- a sign of leadership failure.

Washington is shifting the burden of bad choices today onto the backs have our children and grandchildren.

America has a debt problem and -- failure of leadership.

Americans deserve.

That are there you go Lou Dobbs is here from Lou Dobbs tonight I've talked about it -- -- way to show that both sides are a little bit crazy but maybe it is a way to talk about leadership as well that a crisis.

We put that up on on the top of Lou Dobbs dot com to put in contrast with something from Cicero that we carried throughout the the range of the debate there.

Think about it Cicero 2000 years ago talking about the importance of balancing budgets four four stalling further adventures in foreign lands.

And bringing -- Into alignment with its traditions and preparing for its future.

The words were elegant and relevant to today from 2000 years ago.

And the president's words resonate justice true now don't think.

The press is done a pretty good job though of in just a matter of weeks trying to rise to the top and look like.

Again -- great triangular eight air tonight is Connell word and to say that he's bringing the parties together.

And he's committed sue really reducing our -- but that is not what he's been doing during the bulk of his presidency talking are trying to -- sides together.

Yeah He is hadn't a great conciliator.

He is not.

But He has high emerge from this -- and I think we triangulation is exactly right call.

That He is attempted this in -- clumsy sort of way right but it's difficult to try and delay between you stake out.

Proposition and adamantly and ideologically.

That you continue to pursue the most accidental -- -- absolutely the most backed into it but emerging from this I think frankly Obama.

Boehner and even read.

-- are coming out of this on a net positive because it's it's it's a matter reconcile you don't think it hurts him in 2012 are I think that probably that President Obama hands avoided the greatest threat.

Which is that there would have been another -- counting on the national debt ceiling another debate on it leading into the election 2012.

And this is a big victory for him and us.

And -- what this deal doesn't really deal with Medicare Social Security entitlement.

Problem but.

He's got just one of his programs he's got Obama -- that begins to kick in after the election next year.

Which is going to be another great entitlement bond you're gonna have a more than half of government have a health care spending.

In the hands of the federal government lesson that day.

And as you say and I'm on the beginning of 2013.

We're going to start to see -- the impact of that.

Sort of -- 3% tax built into obamacare.

And even -- -- mentioned.

And concur if you're on the on these.

If you will the strategic victory.

For President Obama.

And the Republican Party and in particular the the Tea Party movement in this country have forcefully demonstrated that this is a new era.

We could -- even imagine this debate level on this result a year ago in this country are six months -- and yes it is.

I think are a reason that S&P and Moody's should stop the nonsense about downgrades.

And start talking about an upgrade because this means -- we're gonna have responsible fiscal policy.

I don't.

And years and I said an early not to pat myself on the back -- -- Americans were getting their own financial houses in order.

And they would ultimately demand the same things from their government and -- hope that election last year proved that certain.

This for the right thing absolutely -- -- we're universe were reporting today.

That personal spending decline yes -- point 2% there's a reason for its call rationality.

The American consumer besiege -- insecurity.

And uncertainty has to do the prudent thing.

And limited resources so must the Gump all right Lou thank you for -- I think we've established an offer of messaging assist in the -- certainly the two of you.

But I'm I'm gonna Paula you very careful watch it today and every guy I mean obviously I credit for when I that was rare note -- -- and of itself suffered yet posted.

On the Fox Business that -- Lou Dobbs tonight thank you.

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