Also in this playlist...
This transcript is automatically generated
President Obama adding lazy to his list of complaints about.
The American people about America over the past week and unfortunately a while talking to our international leaders.
The president back in September.
Chose to accuse America being soft told a crowded fund raiser in San Francisco last month that the American people lack -- imagination.
Ambition and determination.
My next guest is the author of the explosive new book on the infighting within the Obama administration the book is entitled.
Confidence men Wall Street Washington.
And the education of the president joining us now Pulitzer -- bestselling author Ron susteren our great to have you here -- out -- man.
You need to be doing dollar monthly installment to keep your -- up -- -- with this -- that.
You that you think that that you think of pulling back the curtain on the White House is like taking a bee's nest for you wonder basically -- Personal assault by the White House or some.
Well -- -- at this point the bees have gone back and an asset that was the first week or two -- people of read the but this is quite fair to the president it shows what happened how we got into this mess what was done and often what was not done.
And ultimately points arrows at -- as to -- -- we may go from here.
You know it's one of those can you handle the truth moments of the white -- I think is now owning that truth and I think that can only be good for our dialogue.
Well our dialogue right now is got we've got a press.
Then who is chosen for whatever reason.
To go out on the hustings and and meet with international leaders and say absurd things like.
Unfortunate -- -- unfortunately absurd things like.
We've been lazy for two decades.
Bemoaning -- lack of ambition determination focus the list goes on.
But doing so -- no apparent.
Specific purpose what do you think of this.
In the early part of this administration when he had political capital to burn in a crisis in his lap in the spring of 2009.
This president had many opportunities.
To restructure the financial system to step up.
In terms of the credit crisis to step up in terms of jobs all of those things he knows.
Those are opportunities -- now the question is as we royal back and forth -- -- cracked global credit system.
The contagion now coming from Europe who knows next will be Asia.
This president that others are not now stepping up even now.
To say what can be done.
To kill off fear.
To really take the tough medicine in terms of real changes -- -- -- -- Allah if you got Republicans and Democrats both a Huntsman Jon Huntsman the other day was talking about.
Too big to fail we gotta break up these banks that's a Republican saying it.
All the things Huntsman says our opportunities the Obama administration had and they simply just -- they took a fall for Wall Street.
-- -- -- -- Wall Street and now this walk.
The appropriations leadership this very night.
Is looking at delivering a package of financing -- -- Commodity Futures Trading Commission.
There will be fully up third less than what the president called for.
And apparently the White House tough regulator that it is is acquiescing in that battle.
Tall boy that's a great moment you know this Gary Gensler the head of that agency other commission he's in the book all throughout what was interesting it's -- -- out.
Tim Geithner the current Treasury Secretary and others in the white as were reluctant.
Gary Gensler what's -- we're doing he's a former -- Goldman guy he just trying to bring efficiency.
Of price discovery all the things that work in the New York Stock Exchange to the vast derivatives market that is killing us he's getting an opportunity to deliver efficiency because he's -- -- have basically a status quo budget.
That's gonna take some efficiency is.
There -- no doubt he's up against the entire Wall Street lobbying apparatus my got those guys are pitching tents in front of his building.
And to cut his funding is just a way to make sure he is overmatched.
And we don't fix these fundamental problems that is causing such fear such volatility.
That's really what that's what's killing.
The idea of investing of growing of having confidence in the future it's all about confidence that's what the books -- accomplishment.
-- why it's called confidence men.
Maybe it's also why the American people have so little confidence right now we appreciate your being with us -- us kind -- book is.
As -- -- -- announcement thanks for being with us must be.
Filter by section