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Detailed text transcripts for TV channel - MSNBC - 20110408:20:34:00

way. thank you. çseriously, what is the long glad i passed those new york standards. but is it designer, ron? yes. project runway? he s like i came here to talk about welfare reform and capital gains taxes. go ahead toure. if the shutdown happens, what is the long-term political fallout for obama that you see? is this going to be an issue that comes up in the campaign and becomes a problem from there? i don t think either side knows exactly how this plays out. there s no question the last time it happened, it was the absolute turning point in bill clinton s presidency. he essentially was on the defensive from the spring of 1994 through the fall of 1995. of course, the republican landslide occurred in 94. in the spring of 95 he was reduced to declaring that the president was still relevant. newt gingrich was portraying himself as a prime minister. during the second government

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