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Previous time, it was a call to go forward on the basis of these values, the values that we care about one another, that we work for one another, that we stand together and that there has to be fundamental fairness of the society. i think that's why the speech will endure. i think it's an indication of where we're going to go in the next few months. and i have to add one other thing, i know good lines when i hear them. instinctively and innately, i wish i had written them. >> i love your jealousy, thank you, bob schrumm. >> it's not jealousy, it's aberration. >> up next, a look back at the man...

Prospective, except for lincoln's, of course. i thought this was a great speech. i thought it was much better than his first inaugural. it was forth right in setting out a vision of a kind of government that obama wants. in a way, it was, like, it was kind of a liberal version of reagan's first inaugural where he disparaged government. this was a firm defense of a word he dared to use. of clengtive action. and bill the way, that one drove them nuts at fox news. >> well, bob, the president referenced this early in his speech, very much like lincoln did. >> for history tells us that while these ...

As the economy and the population gets larger, we're going to, by definition, spend more. i was arguing with someone today, i was pointing out that in order to stabilize the debt, we need $1.2 trillion over the next ten years. that's just the way the math works out given these recent deals. they're saying one trillion, that's a big number. it's a half of percent of the the gdp over the next year. >> bob schrumm, let ee's talk at the politics of this. if the house republicans are in this, then i'm here to argue that surely their constituents are not. i take telephone calls from them each and ev...

Optimistic about the 113th because even if they do try to do things through regular order, these same underlying dynamics are still governing what's happening in congress right now. >> one of the things that's troubling, the national journal has done a great job in documenting this by taking the ideological temperature of congress for the last 30 years, and they find that every democrat, i'll focus on the senate, every democrat in the senate is more liberal than every republican. every republican more conservative than every democrat and you might think, well, isn't that always the case? it is...

Well, hey, we're thinking about it both the democrats and republicans not doing their best to create jobs. you bring back the $1 trillion and get some people hired. the money has to come back. and the president has to say, i want it back and want it back now. >> i want you as secretary of the treasury. >> i'll take that job in a flash. for more on the politics of the economy, let's turn to long-time democratic consultant, bob schrumm. it sounds like rethe and democratic old-style politics have met. the latest "new york times" clsh cbs poll has 62% of the country saying that nation should giv...