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Term he averaged in the polls 6% approval rating. you were in the seat then as his advisor. his second term all the way down to 36.5%. bad poll numbers. obviously you saw what happened. mr. obama won the election. what kind of a psychological effect does, you know, the polls going from 62 to 36, there is a steep drop, but you almost have the same steep drop with obama. he started out at 69. he is down to 41. what type of psychological play is that on a president? >> it depends to some degree upon two or three intangibles in the president's psyche. one is has the president got a confidence in t...

>> a little bit volatile. >> that's the word to use, right? >> that's like down 500 at one point? >> steep drop. >> i went out, i went and you know did my -- tilling in the garden. and i came back in, 15 minutes later and it was, it was -- >> you did exercise, that was historic event. it's tuesday, february 6th. with us we have -- former treasury official and "morning joe" economic analyst steve rattner to explain what happened yesterday. he knows everything about it. >> i'm sure he is, what happened and what's going to happen. >> he's going to tell us exactly what we should do. >> president o...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.

Term he averaged in the polls 6% approval rating. you were in the seat then as his advisor. his second term all the way down to 36.5%. bad poll numbers. obviously you saw what happened. mr. obama won the election. what kind of a psychological effect does, you know, the polls going from 62 to 36, there is a steep drop, but you almost have the same steep drop with obama. he started out at 69. he is down to 41. what type of psychological play is that on a president? >> it depends to some degree upon two or three intangibles in the president's psyche. one is has the president got a confidence in t...