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FNC Contributor Karl Rove on why the economy is the key campaign issue despite Obama stating his position on same-sex marriage.
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In the nation's economy.
Joining us now for more on the presidential election the issues that will likely decided Karl Rove former deputy chief of staff senior advisor to president George W.
Bush.
Fox News contributor.
Our Karl this how impressed -- -- with this seven point -- his largest that has been able to put together over the president.
I'm surprised that.
Governor Romney at this point just a few weeks after the end of the bread or contentious Republican primary that was not particularly attractive as it got towards its -- I'm surprised -- -- governor Romney is.
Tied or slightly ahead of of of President Obama and his public polls and in -- leading of the Gallup today leading in the -- for most the last couple weeks.
Of the Gallup also had another interesting number that -- -- they said if President Obama were elected to another term or governor Romney were elected to another term how.
It -- how do you feel they would do it handling the economy.
And governor Romney was 62%.
Said that they.
Thought he would do a good or very good job.
33% said that they thought it would do -- poor or very good job.
The numbers for President Obama were fifty to 44 with 22%.
Of the people send that they thought he would do a very poor job.
-- this this shows me that governor Romney's got a eighty.
Got traction on on the most important issue facing America today which is -- our economy moving again.
I know you've got to be tempted to say that -- governor Romney's.
Focus and staying on message on the economy is responsible for that that lead that has been extended.
In the Rasmussen Reports all.
To what degree though do you do you credit the the president's.
Involved -- statement and and change your position on same sex marriage.
Yeah well first I think what matters more than anything else is the real conditions on the ground.
When you've got 75 to 80% of Americans think -- that the economy is still in recession.
When you have two thirds of Americans thinking president Obama's policies.
As either fail to have any effect at all or actually hurt the economy it's it's it's that matters more than a -- what either candidate does.
I don't think on the question of gay marriage that we've had -- yet baked into the cake so to speak I'm not certain that that is yet had time to sort of make itself felt in the body electric and even if it does I think it's going to be a small -- for the president.
Not a big minus because look of people are really concerned far more about.
The economy this year than they have been about social issues and I suspect that but you know that this gonna cause -- drop a little bit.
In states like North Carolina Virginia which may be enough to tip the election in those states.
But -- the big issues going to be in isn't gonna remain the economy.
But I did so very and my reasoning is Karl that.
Most people understood the president I believe to for this to be his position on gay marriage.
Irrespective of what he said or did not say.
Yeah I think you're right I mean when you say when you say.
How many -- -- ended -- Don't Ask Don't Tell when I've told my solicitor general -- going to court and support the defense of marriage amendment.
When I keep seeing on my position on the issue is evolving.
I mean we all got that we all got that notion so I don't think he's gonna get a lot of upside was from a I -- think you are gonna get some people and we sought itself and in North Carolina.
61% of the people North Carolina voted on Tuesday.
For a traditional marriage amendment and on Wednesday President Obama says.
I'm no longer with -- And this is what I think it's gonna have more damage with regard to the image of him as a strong leader -- we now know that he planned to make this -- -- that he made this decision sometime in the past.
They was planning to announce decision has the White House said closer to the convention.
So as to get greater political loved benefit from -- I mean here how strong the leaders that you make up your mind you hold your -- close to wait for three or four months.
-- do you think he gives you the maximum political benefit.
And then you come out and announce that that that seems very calculated and not the medium doesn't add to an image of -- strong leader.
-- who would have ever thought the president would in some -- at least be perceived.
As leading from behind his own vice president.
But that seems to be the -- The their education secretary.
And on and on and on -- -- education issue so.
The that the the JPMorgan Chase fiasco.
-- providing all the fuel in the world.
To push through the Volcker Rule two.
And it's already being seized upon.
By the democratic party for more intensive regulation of Wall Street.
Are your thoughts you think and your thoughts on what you think the governor.
-- should do with this issue.
-- will -- look I think I think what we saw today was evidence that the -- rule probably won't work I mean this this this a transaction looks like it was within.
Adams of the four corners of what the Volcker Rule would allow.
And yet to JPMorgan still lost money Jamie Dimon had a right this is -- violate the Volcker Rule but it violated the diamond rule and the bank and diamonds leadership are gonna be.
Are going to be dealt with by the markets the stock is gonna be hurt the profit the earnings have been hurt.
And I suspect that investors are gonna are gonna say something about it.
But.
Look.
I must admit I -- I have a sense that the Dodd-Frank bill we are only now beginning -- get a sense of how.
Much it does.
Sort of put in place the too big to fail.
-- scheme and these banks have got to be you know they did that there's a reason why that there that they don't like some what's regulations -- -- on the other hand.
It does provide a regulatory structure that -- gives them an advantage I mean -- that was community bankers around the country -- -- Who say look we're gonna we're gonna be merged or go out of business because Dodd-Frank essentially makes it.
Far more difficult for community bank to continue to operate and and -- five billion dollars a bigger in size you're gone.
And and that's not healthy for our company our country's financial structures that have too much of our banking concentrated into few hands.
In just about 80% of the total assets in the top five or six banks.
Can agree with you more Karl Rove thanks for being -- Thanks thanks for have been -- on wall.
