>> bret: bill, it was interesting to hear mark melman, the democratic strategist talk as openly as he did about the democratic issues on the economy. >> i know mark. i was wondering, you know, when his phone was ringing, rahm emanuel on line one. "mark, you're not supposed to say that." a big problem. perceptions are bad. to pick up where charles said, economy rallied strongly in the fourth quarter, it was up in the first quarter. 2.7 or something in second quarter. it's going to be revised down. >> bret: under two. >> maybe 1, 1.5 with the new data coming in. that is a big problem. they did the stimulus, they got the balance. to peter out this quickly is terribly politically. with reagan, we went through tough times the country did in 19 #2. reagan said stay the course. he can say plausibly the tax cut on january 1, 1983, going through the tough times and better times are ahead. luckily for reagan, better times were ahead.