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Cyclical. we haven't had a recession in a long time because the last one was so deep and took so long to come out of. but presumably there will be a recession, then you wonder how the sort of blame switch gets flipped. >> i don't wonder. he'll blame president obama. he'll take credit for the economy and the bailout and all the things that led to the economy improving. he'll take credit for it. the problem for democrats is they need to fight back. they can't let his messages and what he says go out and not push back against these messages. i'm saying trump supporters, yes, they'll believe whate...

This isn't about secretary clinton, this isn't about senator sanders, governor o'mall o'malley, senator webb or chafy. what we've all seen -- this is the best that we have. the republicans are out there offering a vision for america that's not even close to what i would like to see and i'm sure what the vice president would like to see. so this is about his voice in a debate. >> it's interesting you talk about the last man in the room, advisor to president obama. because it strikes me that should the economy continue its current trajectory, which is generally up, even though there are all sort...

Even as the economy moves to growth, the distributional problems will be worse and not better. >> i want to thank my guests. richard wolffe, susan crawford, carl smith from the university of north carolina at chapel hill, and chrystia freida. >> thank you. and throughout 2012, it has been an amazing year, and we will be back next week when filmmaker oliver stone will be here to talk about his new series "the unhotold history of the united states." and coming up next is the one and only melissa harris-perry, and we will see you next week here on "up." new years clutter is no match for someone...