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>> well, we spent money we didn't have, obviously. now we're looking for a way to resolve that. i think what you're hearing, too, part of the nervousness and part of the problem pr republicans is the things they are talking about aren't popular. as you've talked about a lot, there's political will to raise taxes on the wealthy. there's political will to make cuts in the pentagon. there isn't political will to cut entitlements. . so the kinds of things that republicans say they want to do, including preserving the tax rates for the top 2%, are not things there's a huge amount of public support ...

It's hard to imagine the mitt romney corollary. >> there is also a bit of jiu-jitsu in the ad. romney is saying i'll get rid of obama care, get rid of regulation, have the keystone pipeline. this is the president saying here's all the things romney believes in, some associated with the ryan budget, some associated with bush policies that aren't popular. now the president is saying he's going to run against my record. i'm going to run against what his record would be if you elected him. that gives them exactly what they want as the title of the ad says, a choice rather than a referendum. >> i t...

Issue, and even though, you know, i want to believe that americans understand we have three branches of government, republicans in control of the house. i think the responsibility is ultimately going to fall on the president, and if the economy is still struggling that's going to hurt his party and going to make democratic chances of taking the house more difficult, you know. it's true that congress isn't popular. candidates aren't popular but race by race i think it's still an uphill fight for democrats. >> as the folks on congress always like to say, as bad as our rating is technically, the ...

Democrats. there are lots of democrats who are not only to be seen with president obama but want president obama because he brings the energy, the big crowds and the money. when we are talking about a specific slice it's true that for conservative democrats worried about their political fortunes they don't want to do it. when the local voters don't see sit, i think it sends a signal. but this is not representist entire democratic party running away from barack obama. megyn: nancy pelosi says no one views the president as a political liability. she says any member of the democratic caucus would...

This revenue-raising fee for other airports, not very popular among traveler groups. >> there's a lot of things that aren't popular and you hear from the gop we need to cut more. >> and none of this -- the three big drivers of the debt, medicare, social security, a lot of cuts, programs that many people say should be eliminated, completely eliminated. but you're right, republicans say we need to go farther. and deficit hawks say we haven't gone and touched everything that needs to be touched. >> christine, thanks so much. former first lady barbara bush poking fun at her husband, president ge...