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. reporter: chris, you wouldn t dream up a fight more than the white house would want this
because a counternarrative that has come up in the last year. a lot of people started to conflate the 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 frank lie, 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. chris you couldn t dream up a fight that the white house would want more than this fight right now. well, is the president going to you re telling me, though, he s going to go up there more carefully than i might have thought of two days ago. well, i think the the level of the rhetoric may vary according to how much resistance he s getting from the
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. reporter: chris, you wouldn t dream up a fight more than the white house would want this fight right now. well, is the president going to you re telling me, though, he s going to go up there more carefully than i might have thought of two days ago. reporter: well i think the level of the rhetoric may vary according to how much resistance he s getting from the other side. when he gave that radio address over the weekend and