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To that argument, or to that suggestion is, look, the classic situation is, you get money from some corporate interest and then you go and do their bidding in government and here's an example of him doing precisely the opposite. but i thought the tone in john harwood's interview was notable and i think that we'll see something along those lines tomorrow when he makes this speech at cooper union in the shadow of wall street. it's not going to be one of these barn burners. he's not going to put the screws to wall street. he's going to say, can't we all get along in one form or another, saying it...

>> well, that's their problem. the fact is you and i have to get on airplanes and show an honest i.d. card and if it's not an honest i.d. card, it's fraud. okay. and if we go to the bank and try to get money out and if it's not us, it's fraud. if we try to check into a hotel and use a phony name it's fraud. go the other congressman. what about arizona? why does states try to get into the business the federal government is into? which is protecting us from illegal immigration? >> well, i think the same reason they're involved in the drug war, too, chris, is that this is a community problem. it'...

So he can hold tough on some the controversial elements and they'll come along. if he only got five for a tough bill i think we would take that, but if the whole rest of the crew wants to sign on board and have a consensus bill, i think he'll say, i made them take it. what republicans are going to say, by the the way, chris. we stood up against bailouts. we protected the taxpayer from that. >> thank you very much, john harwood. thank you, savannah guthrie at white house. has a healing touch. there's a factory giving old industries new life. and there's a train that got a whole city moving agai...

And they never discussed with us anything with respect to the charge that will be brought. so this notion that somehow there would be any attempt to interfere in an independent agency is completely false. >> okay, john harwood, help me out here. why would it look bad for any politician to say let's get tough with these bad guys to any regulatory agency? i guess i don't sew see where there's a downside to saying, let's all be dick tracys here? >> reporter: i think you have a point, chris. i think the question is was there any interference? and the president was very strong in saying, absolutely...

A lot of people started to conflate the recovery act, stimulus act, the $70 billion act with the bailouts of wall street. so in a lot of ways the president was getting lumped with that kind of mr. bailout narrative. so this is a way for him to say, i'm fighting back against wall street. i'm trying to crackdown on them. and frankly, that's why democrats were not freaking out when there were 41 republican senators signing on a letter in opposition last week. they felt like at the end of the day, republicans are going to get cold feet, a few will peel off and we're going to get our bill. >> repor...