Also in this playlist...
This transcript is automatically generated
Bhutto's with a straight Cecelia I asked for some on the president's speech tonight to tell you -- -- enough Fox Business Network and Rory coming in which we'll get to the moment but -- again I'm hanging in there.
I'm Greg and welcome to the cold this miracle on ice -- right up there and -- -- -- the right people are going to get -- -- -- isn't even -- the -- -- -- Lot of it is the united don't call acidity union you know -- -- reason -- it but it is about the state of the union and he's going to really.
Outline -- has to be done you know we we we we miss the point that this is a very popular president he's he's off its highs but still 60% approval is pretty darn -- Brought up the point earlier that -- then that you Washington Post poll that had about 68% and you -- wonder if you took the survey.
We get so Wall Street centric around here -- -- people there all the time that the numbers would be.
Yeah I think it's fair to say a lot different people have so many objections to Geithner and everything else but then your your point is well taken in the in the public at large it's very very popular.
You know I mean I architect really going -- my age a little here but that there was always had a dichotomy between Ronald Reagan's personal popularity.
And the popularity of this initiatives early on this presidency.
He remained -- president in the sixties approval rating for quite some time.
Even though some of his policies at the time particularly dramatically building up military spending in the early 1980s.
Was greeted favorably by less than 40% of the public so sometimes there can be a great dichotomy between the personal charm.
All the president and some of his initiatives.
-- got out one other thing guys I think it's very interesting that the president's speaking tonight after markets have closed because every time he has.
What administration representative asked the markets of tank.
Now that's not just -- to this precedent it because back to the last president and whether he or any of his.
Economic officials spoke.
The guy breaking the trend not stars seems to be Ben Bernanke will see if he can hold out.
Yeah but right now the better part of valor when any of these guys speaks is -- cells of the president's last.
But speaking to the nation after the markets of -- -- Think he'll say tonight what is the message and needless to say it is now the economy that everybody is so desperately concerned about.
But what kind of message will be out there tonight and why does he need to speak now vs after the first so called 100 days.
Well I think he needs to relate -- -- sense of urgency and a sense of hope you know I think it's very true as reported -- There -- a lot of Americans have a lot of doubts about -- global spending going on here.
And whether the -- will justify the expense of means so he's got to justify that and he's also got to reconcile that with the idea -- longer term he wants to be.
A more disciplined fiscal Steward.
You know it it that's a tough sell because this is a president who -- I've often said in galactic terms is doubling down taking a trillion dollar deficit.
And making it to train -- of the virtue of all the stimulus spending.
Now that doesn't work is going to be held -- that it does work and it does reignite the economy and it does create -- book you know we're off to the races if it does not.
This is -- -- and this is the moment in this is tonight there which will save the seeds of disaster -- -- you know it is so it's a tough tough pit.
You know Doug -- writing in on our live chat this coming up -- his message is going to be crisis crisis crisis worse economic situation says situation seventy years failed bush policies usual rhetoric as he puts it now.
Have you been -- it mean you know it's a sarcastic to the point but making this point that this president has not been.
Optimistic have you been surprised that his his hone our -- in his presidency -- So much so I guess tonight he's a very Smart basically and his own purchase a pragmatic individual but I think.
-- got to get some historical comparisons and -- this is not the worst since the Great Depression.
You know I'm old enough to remember.
The last two serious recessions and when they -- gas lines and cars lining up around blocks.
I can say -- going maybe that's my own idiocy of the moment that my first mortgage.
Was a thirteen -- percent mortgage my -- and I got in the early 1980s.
So that was then very different from right now and I'm not saying that we have the potential to make a bad situation even worse.
But we have to get our comparisons of our history is right.
The depression this is not a serious recession that's us.
Conversely though he has been very want to -- Make it sound better than it is going to -- -- be great will be okay he did say on.
We will pull -- ourselves -- our bootstraps this is America we will get out of this.
But by the same token we're looking at a man who does not want to -- Perhaps sunshine and rainbows out there now we were just talking in the last half hour about how.
Under the Bush Administration Henry Paulson came out several times I would have to say at least half a dozen to nine times over 2007.
To in -- say.
That the basic underlying fundamentals of the financial world here in the US were healthy nothing -- -- here right nothing to see here keep moving folks it's fine.
That we don't know if that was just sort of -- or not really knowing the extent of it because who knew that Bear Stearns had 470000.
Derivatives on its books.
But he does have to strike a very fine tone here of not being too.
It's the Great Depression or one step above that vs.
Everything's going to be.
-- I I don't know if I.
I think when you address the United States it is incumbent upon a Republican or Democrat to be the nation's cheerleader in chief to visit great responsibility where you can't scare the but Jesus that people.
You'll also have to step back and not make -- even think that all of a sudden we're so you know life is -- the -- roses but.
I -- think you have to give them something to look forward to him -- I think you go back to Ronald Reagan he presented the challenges we face from the presidency inherited from Jimmy Carter.
Everyone knew those challenges but he was looking for morning an American and you know that was something he.
-- reelected on four years later.
The Bill Clinton -- you had much the same -- is sort of the approach.
You show what the daunting at the time deficit challenges what are.
But say if and when we get through this as our country consistently has -- we will be the better for it so it is incumbent upon the leader of the free world.
-- to give us something look forward -- I mean it you know there is such a thing as saying.
My guys surrounded by my mother lost her -- I think we'll have to step back could say I don't think she can I had to show what I.
Do we have to step back and just say.
Will win not dismissing these challenges but -- let's get -- historically right and not called the Great Depression dean let's let's get something.
Forward looking so people can now.
After these adjustments would get to work -- -- let's remind ourselves that in our DNA our parents and grandparents -- got to have a major depression.
And will warts -- -- in our.
Do not have as you're speaking Mike is writing in exactly -- this speech is different it's not a press conference we're not hearing.
So time for uplifting rhetoric -- -- that did this setting does make a difference right because if you are going to be this quote unquote cheerleader in chief.
Which it is difficult to do if you don't believe it right if you if you are negative if you do think things are gonna get much worse yeah.
My mother Lanka government what exactly are having -- got happy -- -- I mean.
You know it's funny that people -- who -- either inherently optimistic they're not right either preparing or you're not -- to believe that better days ahead you're not.
I registry study.
-- Those in hospitals.
Who have the best attitude tend to be the patients soonest out of the hospital.
And I'm being a little cliche and generic here but I think the lesson here is that.
Attitude counts for more than we -- Of these forward looking to positive about the challenges we've the -- counts more than we know we got -- nation to scare people don't -- -- what's -- Kennedy is not the job -- the -- that it states.
To scare the Mormon.
You can wish you could actually bring it to the auto industry and say that when you hear Alan Mulally of Ford talking -- like ticker.
He's got energy he's jumping -- brown pieces I believe that we can do this work at Ford is the way doesn't -- fusion Campbell got great I never like to hear his voice.
So maybe he was upbeat but that doing voice got.
It's not -- PR -- now.
Just going to are saying well we.
I think what we have to get past tonight cities and sort of the cliches of the I was watching the fiscal responsibility.
Conference yesterday when the president wrapped that up and he called -- -- one.
And that you might have given any any you know.
I -- it's congressman Jones have been wasting people's money for decades but I don't stop it.
As a -- I'm looking at this and I'm thinking maybe a -- -- -- that didn't really I decided they had.
All of -- that it does not think that is not the way.
Today ordered everyone says well I'm so glad you had this Mr.
President you're the greatest thing since sliced bread it's great that we're here.
I -- I want to do with the scarf got up and said hey you know it's great that we're all working together like -- why are we got and I take nothing away from the important.
To those kind of meetings but you have to get past the pleasantries on the niceties and it's so great to be here and -- to pass the coffee yeah and get.
To the business at hand I think the reason why market sell off in the face of this stuff is they see the same thing -- -- the same to you guys are reporting on.
Very little getting done so the niceties notwithstanding.
You now have to say what I think said yesterday we -- Social Security is a problem well.
-- -- It is so.
Democrats are still resist -- at that meeting to cutting benefits.
Republicans at that meeting was still resistant I -- payroll taxes to address the benefit.
Potential cutbacks so we still seem to be at this great issue Mexican standoff.
Well actually said on election night in grant park in Chicago where we were anchoring and -- and watching all of the developments somebody said.
This may very well be the first election where the guy who wins asks for the recount.
Yeah but you know one thing we remember -- -- -- -- and you've covered the president very closely as accountable.
He has an amazing way with words he is an amazing -- and it gifted speaker and a very eloquent visionary.
I want him to hearken back to that to give those on the right and the left something to look forward to.
Ronald Reagan had that knack winning over even the left.
The sort of a blue dog Democrats who might -- -- who ended up voting for a lot of his programs and making the difference and making light the night right after Tip O'Neill.
We need that someone who transcends party.
And reaches out to inspire.
We literally have a minute left so I did it just sounds like what you golden state of the -- -- -- called us are usually how often has become a laundry list of policy Nicklaus and everything else and moon you know you're.
Try to stay awake through -- you want.
To forget about the details to some extent and here they -- high minded language in the speech she wanted a speech -- I -- behind -- -- -- share a moment all right if I want him to come to the -- -- yeah.
Just yeah I want someone to inspire me.
To get over my -- and my sense of misery a lot of time that is justified but it is a C units the president to face the nation.
And just like share.
Slap us in the face and say get on -- it's not a little PM eastern tonight -- doing and Fox Business Neil Cavuto we'll have it with a whole host of experts and.
My mother in law and -- everybody I'm well thanks for his.
Filter by section