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>> isn't this the core of the critique from the obama campaign against mitt romney, which is that he is a big scarinessmy businessman that doesn't care about the little guy? >> i think it's tough to stigmatize a firm and say it's a bad firm to bring them into the race without being able to be accused of attacking business, attacking the free enterprise system. mitt romney didn't do a great job of this in the primaries when he was attacked. hopefully he'll do a better job in the general election posting up and explaining to the american people economics 101. this is how the economy works. somet...

Attacking entrepreneurship. attacking business. this is the republican party. if you want to talk about romney's flip-flop on abortion or flip-flop on gay marriage or raising taxes on businesses as the governor of massachusetts, those are all fair game but the one thing that newt could not afford to do is hear pet lent negative nasty and this is exactly what he's doing. >> i think he can't afford it. for him, it's the last hurrah. i think newt gingrich sort of knows if he's going to go out, he's going to draw that car off the cliff like thelma and louise and maybe he feels he can't attack mitt...

And the new buzz word here in washington, or at least at of the white house, competitiveness, competing for markets abroad, alex. >> mike, in an economically related issue, another key issue, spending and the deficit. let's hear what the president said about that. >> we're also going to have to deal with our deficits and our debt in a responsible way and we've got to reform government so that it's leaner and smarter for the 21st century. >> so, the first couple years of his presidency have been these big government initiatives. >> right. >> is that now going to take a back seat? >> well, even ...

His rhetoric and with federal dollars, which is something he could help himself so much politically by doing that, paul. he's a beleaguered president right now. i think this is what people thought they were electing barack obama to do, that sort of a change. >> paul: yeah, i agree with that, it could help him politically and give him a more centrist view. and the public says he's willing to take on a political group in his own party instead of attacking business. still ahead, it's the trial of the summer and the white house is hoping nobody is watching. as the prosecution rests its case agains...

>> but he can leverage it with his rhetoric and with federal dollars, which is something he could help himself so much politically by doing that, paul. he's a beleaguered president right now. i think this is what people thought they were electing barack obama to do, that sort of a change. >> paul: yeah, i agree with that, it could help him politically and give him a more centrist view. and the public says he's willing to take on a political group in his own party instead of attacking business. still ahead, it's the trial of the summer and the white house is hoping nobody is watching. as the pr...