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Former deputy assistant to President George W. Bush Brad Blakeman and former Clinton advisor Doug Schoen debate whether the U.S. should advise Europe ...
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Markets now continues with our coverage of the president's side this conference is from which just wrapped up and the reporting.
A Charlie Gasparino which we just heard about the Tim Geithner the Treasury Secretary is essentially pushing for -- European version.
Up TARP -- like and former deputy assistant to President Bush.
W bush and Doug shown former vice President Clinton they both join us right now.
Doug you first what do you make of that that president I know it's one thing to blame Europe.
It's another thing -- -- -- -- Europe on what to do which appears to be the next move out of the White House Smart or know.
Well I think it's a two step.
-- it's.
Tell Europe -- spend money to stimulate the economy at least through November.
And tell the Republicans to pass your jobs bill so that you can push blame off your administration.
Right hopefully minimize the political battle.
Latter is obviously -- political the statement at best because it's just not.
We things is not gonna pass we've covered that over and over again that the president can talk about all these things Brad but getting them through congress whether they're good ideas or not is unlikely to happen.
What about the idea of now pushing the Europeans to act be as Doug says.
Not -- Nestle -- cut their debt but to try to get themselves get the bank's fixed up and -- -- growth again.
While this is another part of Obama's grand deflection playing defense instead of offence you know this reminded me of this press conference last march.
After -- tsunami earthquake in Japan where the president again blamed.
Are bad economy on what is likely to happen in lieu of a natural disaster we're now seeing it again today the president is blaming Europe.
As as a intricate part of why our economy is not progressing faster -- he would have liked to have seen.
-- -- problem with this president as he never takes responsibility.
For the problems that America's space and there's a direct result.
At his policies and inaction telling -- Europeans what to do when we can't even get our own house in order when this president can't even pass a budget.
Is hypocritical at best.
But he's afraid that Europe is gonna be the reason no one of them that he doesn't get reelected.
-- the reason why he won't get reelected is because of his policies we think -- Oh I think that that's absolutely right -- I think.
He is scared we're gonna have a worldwide recession that begins in.
Europe that tanks are stock market.
Reduces hiring and ultimately.
-- -- -- dug in your view of from how you from how you look at is that -- jitters -- right that they you know it's gotten up to do in Europe it's his own policies that he should be worried about.
-- all ultimately he's going to be held accountable to the results of his policies but it -- to this event's impact on our economy.
The buck stops with him so now he's got to do what every can any way he can.
To get through the next 45 months blamed as bad as one thing and congress yes but.
I think I -- dug their -- to the extent that.
Europe is an issue and you know whether you can can disagree about a but Europe is an issue in terms of slowing economic growth globally so.
You could see where he's coming from here in terms trying to boost their growth because otherwise he's gonna get blamed for it definitely it.
Look it is definitely an issue but it's not the issue the issue is the American economy.
The issue is creating jobs in America spending too much -- we take -- and it's not necessarily Europe.
It's the tail wagging the dog yeah who if America had its Allison order economically.
Than Europe would be in a much better condition -- they find themselves today.
Also very interesting in terms of jobs -- we gotta go guys thank you that is pushing for government.
More government jobs and profits junior jobs OK yup exactly right in the news conference to her to -- discuss Duggan Brad always good to see both of you don't -- -- -- --
