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Detailed text transcripts for TV channel - MSNBC - 20140706:16:05:00

let s switch and talk about the economy here. some big news to discuss. the dow surpassing 17,000 for the first time last week. also employers adding 288,000 jobs in the month of june, which is far more than expected. however, this is interesting. the latest gallup poll shows only 34% of americans approve of the president s handling of the economy. so how do you explain this disconnect? why isn t president obama getting more credit on the economy? alex, i think these polls are kind of meaningless in this day and age. i think what we need to have is kind of a relativity index of confidence. so if congress has confidence of 7% or 8% of the american people and president obama has 34%, that s five times greater. if you probably compare confidence in the president with confidence in corporate ceos and members of the clergy and journalists, you name it, he s probably going to be just as high. the only institution in this country that has any real credibility right now is the

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