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>> talk about this. what does the debt mean to me? here's a perfect example. you're a businessman. you want to start a new business. you go out to the bank. if you have good credit. they say, come in. we want to give you money away for free. it's like eddie murphy from "saturday night live." if you've got bad credit, it's going to be 10%, 15%, 18%. the united states is getting their money for free. if this keeps going it's going to be 4%, 5%, 6%. devastating. >> any smallman, any person understands that. this is big news but this is no news in reality. everybody knows we're in the situation we...

Self-fulfilling prophesy. the markets react one way and the american populous reacts another. they're not going to spend today like they would last friday. those latest approval numbers to me are very, very scary about what they think is going on in the economy. if they thing this way, it is. >> i agree -- i completely agree about the disapproval ratings but i think there's very strong evidence both right now and literature that says that is linked to stagnating and declining average personal income and a high unemployment rate. there's no question that there's public anxiety about the debt bu...

United states' better -- >> they could say this is serious, we've been telling you it's serious for a long time and now it's time for the morons on capitol hill to firks it. saying it's not a big deal sends a message to the markets across the world that we're still clueless. >> well, i hope they have something more serious to say about it today and it's depressing for people to watch the statements from both sides, the white house and the democrats on the hill and the republicans on the hill saying it's the other guys' fault. we have a plan and it's their fault. it's so predictable and so tire...

>> it is not good news. even though the white house is saying they have political differences. no, it has nothing do with politics, everything to do with economics and numbers. u.s. unload on the debt. comes from financial times. "the washington post" also, "s&p lowers its u.s. debt outlook." don donny, you are an extraordinary successful businessman. >> much, much more than mitt romney. >> you are bigger. two inches. mitt's only 6'1". that's an old rutle's joke. they didn't say they were bigger than god but bigger than rod. he was only 6 feet. >> gotcha.

Him he was going to balance the budget within three years. record dicits. ran up record, and is ithcoind. this is clearly a fundamental teneof the rublicans a oplepeeetotart learning this kind of information so they can counter what are just flat out lies, particularly the claim by republicans that they are not raising taxes on anybody. they raise taxes on the working poor isn't much of our economy run on how people feel? it's hard for the president to make the country feel good and feel confident when there's this constant narrative that's out there that, well, he doesn't understand business....