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Can Romney, Obama Cash in on Europe’s Debt Crisis?

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    FNC’s Karl Rove on whether the European debt crisis will benefit Obama or Romney and their economic plans.

  • Duration 4:35
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Anything good come from the economic disaster in Europe maybe if you're running for president both candidates are gonna try and -- in the crisis situation to their advantage.

But this a better shot at using it to get -- and November Karl Rove -- Senior advisor to president George W.

Bush welcomed the show crop thanks for joining us.

You -- thanks for him.

So basically they're both trying to use it as their own economic talking point I mean you have President Obama saying that this is the reason -- our economy is -- -- this event in Europe that we can't possibly control and of course your Mitt Romney saying.

You know this is what happens when government spending it's out of control do you think either of those arguments getting traction with the American public.

Well I think the better argument goes -- it did governor Romney the economist did a survey recently and they said what do you think is indeed you know do you prove or disprove the president's performance on the issue of the economy.

36% approve appointee 14% strongly disapprove 52%.

39% strong and number two issue was a deficit.

The president's approval was 3311%.

Strongly than disapprove 54.

40% strongly so to the degree that this is about deficits and spending.

And are we gonna make our economy stronger or weaker the president's gonna suffer on it and the president's side of the argument doesn't help him in my opinion.

If the president were to go out there and say look like Ben Stein suggested you know let's get the International Monetary Fund in let's stop this before -- -- our shores.

He looked like a strong leader but simply -- -- There's another example why it's not my fault it was a Japanese -- is -- the ATM it's all Bush's fault announced the Greeks fault of the Europeans fault.

The problem for that is is that it doesn't help them look like a strong leader and in the latest ABC Washington Post they said.

Does -- phrase strong leader plotted to President Obama 51 -- yes 48 know those are not very good numbers.

-- -- -- -- I could make well look I -- make him to a claim we can -- a three board of innocent -- likely you know three board moment I I I just you know I wanted to give -- this space and time to do the words that you wanted to do there but what you are saying to me it sounds like is that money in the economy.

Are going to be the number one issue for the fall it.

I mean -- is that it you know.

Without question.

Yeah you've got to UBS exactly you've got you've got it is that they -- they're two separate issues but they don't -- in some -- -- -- -- that are different sides of the same coin on the one hand.

The economy and jobs are the is economy go and our do we have a sense of prosperity -- -- have a sense of optimism and the other side of the coin is.

You know I just a generalized belief that we're spending too much as a country in the dead deficit has become too large.

People can think about their personal experiences the average voter the last three or four years.

They've had to make tough decisions in their own personal lives in the enterprises which they work to make tough decisions they're looking -- -- Mr.

President.

Why aren't you make in the tough decisions.

Let's talk about the blame game a little bit because -- that poll out from Gallup today saying -- you know.

Is bush to blame for the economy -- great deal or moderate amount 68%.

Say yes 31% say not much.

Or not -- all of that act and doesn't matter who people blame at this point whether they blame.

President Obama directly or who will -- -- they did is still won't blame President Bush but remember the number what are the numbers for -- Obama 52% blame him.

And look at some point it doesn't become a question of how -- we get -- as it gets to be a question -- had a we get out of it.

And when you have the president the United States -- approval ratings on the economy of 36.

52.

And on the deficit 3354.

It doesn't matter who they believe my are invited have some responsibility some culpability for it.

They're going to be looking to the guide charges in are you doing something positive about it and they don't think that about this president.

Two thirds of the American people believe his policies on the economy have either had no effect or have hurt -- economy that's not a good place to be.

Do you think things could possibly get so much better before the election meant that they wouldn't Britain -- -- -- no longer would feel like things are okay is there -- like an unemployment number.

You know under which you think he could get reelected everybody starts up at 8% as being magic number.

Yeah -- not 8% the last time the last time we had a president who got elected with seven point 4%.

Or higher was Ronald Reagan in 1984 but with the economy was growing three times as fast as this one is slick.

The economy I talked a lot of comments you talked to on the economy is not gonna change didn't -- dramatically for the good between now and November.

According to every economist had talked to that means a president's got a rough rough ride.

Yeah I mean I wish the economy -- get a lot better quicker but it just doesn't like that's possibly the case all right thank you so much probably appreciate your time have a great weekend.

You -- you do.