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2012? >> i want to pick up on joy's flavor, because you put her on blast tonight for being corny. i want to be corny with you now and say government intervention in our economy was the biggest winner. barack obama came into the office after tremendous elite failure, fundamental distrust of what our government can do. if you boil it down, he outlined a series of proposals that intervened in our markets, the health care market, the insurance market, the car market, wall street with regulation and stimulus. and each one of those things has worked. he won over the public, because they were skeptic...

Watched katrina drown the city of new orleans on national television. >> dissipated. >> after talking about watergate, during watergate, there was a sense in the country we were under going a crisis of authority in which faith in our institutions was at an all-time low. and organizations like gallup and general sources started polling on it and it turns out in retrospect that was a high water in faith in institutions. in fact, the low point in faith in our pillar institutions and that's government and the private sector accident, things of the left and right both tend to have distrust towards....

Political institutions in the world. we do have this debt ceiling problem. but eurozone has been around for ten years, it began in 1999. greece came in in 2001. we did not come into -- we did not come into existence ten years ago. so what people are pricing in in europe is a belief about political failure. a belief about the future survival of this currency. we have nothing like that. this means they need to do things we don't. we think of austerity in this country and we think stimulus. stimulus is ha they need. and that's a bit of it. but it's bigger there. they need to be willing to deals w...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.