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Detailed text transcripts for TV channel - MSNBC - 20110809:21:12:00

public still have the power to control the outcome of the policy. the other biggest problem for the president is that to take the path that you re suggesting would be tantamount to them saying, look, we got it wrong. as recently as six months ago when we put deficit reduction in the middle of this, didn t make the argument six months or 18 months ago, we were just wrong. has we, the policy we pursued for 18 months was the wrong policy. more than that. 2 1/2 years was the prong policy and you know how hard it is for any politician, particularly for a president, to say, guys i was wrong. i need to start from scratch and do something that is in total contradiction to the way i ve governed so far. i just think it s going to be very hard to get barack obama to admit that. well, it might be hard to get him to admit it, but if he realizes his presidency is at stake he might change his mind and i think he could argue at least attempt to argue that they learn from the first stimulus that it d

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