you feel good there? talk us to about these reforms are being proposed there in the legislation. will the reforms prevent another crisis? that s a good question because yesterday robert gibbs was asked specifically would these reforms if they re passed would they have prevented what goldman is accused of in this suit from the sec and robert gibbs basically said well, i ll refer you to the sec and he didn t have an answer because the administration doesn t really know ultimately where this is going to go. nobody knows for sure whether all these reforms will work and whether or not, if passed, they will prevent another crisis, but i think the case this president is going to try to make here just a couple of miles from where i am, just a few minutes from now as you noted, that there needs to be balance. he doesn t want to stunt economic growth, but he wants to make sure there are new rules of the road. take a look at how valerie jaret, one of his top advisers put it this morning on ame
morning. valerie was basically saying you need more transparency and break up the big banks if need be. you can t have this too big to fail mental they ali and christine were talking about. politically here, ed, the president appears to be on solid ground taking on wall street. what is he looking for here politically, particularly when we re talking about a senate vote on this potentially. is he looking for a what, a 61 to 64 vote majority? is he looking for more than that, 70 votes on this, the kind of bipartisan vote he had hoped for. you re right to compare it to health care. i want that overwhelming vote. and there are senior officials that they think they ll get there. they think some of this republican opposition will start melting because they think the republicans have been put on the defensive looking like they re defending wall street and when you talk to top white house aides they say, look, if come this fall, they have blocked major wall street reform, on the
chief business correspondent, the man, where s ali? ali velshi is here and christine romans in new york. ali, let me start with you. what are you expecting to hear from the president later this hour? well, he s going to be tough. yeah. but he will look to not make enemies. the bottom line is reform won t work unless someone is at the table. it is going to be targeted. the audience will be for the financial industry and look, it s gone a long time without rules and we need to change the rules of the game because they ve failed us. that s the opposition he s getting that if you put too many rules in, it will stifle business and it will hurt jobs and people s incomes and we can put rules in. wait a minute, rules. weren t we talking about sarbanes oxley not that long ago? we ve had little changes over the years, but we haven t had a real major change for the regulation that came in after the great depression and things have changed. we re more innovative about the way we
keep that going. you don t see that in the polls. every time people have had an opportunity to reflect in the polls they say something differently and you see something differently. governor wilder, i know we ve heard a lot of people talking about president obama not having a good relationship with congress. a lot of people like to put it at rahm emanuel or david axelrod or valerie jaret. if there s a problem, doesn t it rest with him himself? you put your hand on it. that s what the president has to be mindful of. i m offering constructive criticism. i m saying to the president, these are the people who should have told you from the beginning, have your own health care plan to submit to the congress and then ask them to support that plan, rather than have them waste months and months and months arguing about which ones they could support. then to have a job plan on the table already as to how you re going to get jobs, what you re
i ve seen more than my chairs of concussions and they ve never been diagnosed with traumatic brain injury. the wish wash journal post asked about concussions. are for you concerned about concussions, 40% said yes. 57% said no. do you think this is why valerie jaret said this summit is about raising awareness or do you think parents are aware or do they think it won t happen to their kid? where do you think we are there? i think the awareness is dawning on people now, on parents when they re seeing, you know, people like junior seau dying at such a young age, the suicides among not just nfl players, but the the injuries other athletes are having. i think it is only really beginning and i think it s hard to see and equate that right now with, you know, a lack of, well,