From last night’s All-Stars.
On Democrats denouncing the town hall protests:
Well, I think they tried to exploit the fact that there was rowdiness, and I shared the view that that would actually hurt the opponents of health-care reform…
But the polling has shown the opposite. It has shown that the reaction that people see in the town halls has strengthened opposition.
And that tells you that even though the Obama team is very good at street fighting, at one-on-one hand combat and campaign style, which they showed last year, when they’re up against the fury of ordinary Americans, that doesn’t work the way it does when you’re up against the Clintons.
On whether Obama will be able to take credit for an economic recovery:
Of course the president will get all of the credit. That’s how it works in our politics. It makes no sense, but he will be king of the world and be hailed as a genius — not only a messiah but a genius, a double combination.
Look, what is happening here is that when you say “it” is working, what is working is what the Fed has done over the last year, which is pump an unbelievable amount of money into the economy, and what the Bush administration started and the Obama administration continued, which is to bail out the banks and to keep Wall Street and credit open and going.
And what’s happened is the panic is over. The recession isn’t over, but the panic is. There was a time at the end of last year when people were worried that the dollar and the economy was going to explode, and we would be hunting and foraging. People were sticking their dollars under mattresses.
Well, that is over as a result of the Fed, Paulson and Bush and Bernanke, and Obama and his team.
The stimulus is having a negligible effect in the real world. However, in the political world, it[the stimulus] is the issue out there, because it is the largest spending in the history of the galaxy…If the economy improves, Obama will get the credit. But I think it is going to improve extremely slowly and he is going to be in political trouble all through until the elections next year.






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