Detailed text transcripts for TV channel - MSNBC - 20120520:

Detailed text transcripts for TV channel - MSNBC - 20120520:13:38:00

chorus and -- i say that because they remind us that this president is leading us towards greece. one reason we're going to get rid of it is to make sure we don't continue to have the kind of deficits that lead to greece. my guess is when the president speaks at the democratic convention in charlotte this year, he will not have greek columns behind him. because he won't want to remind people of greece. >> are we greece, ezra? >> i can't stand this. i can't stand it. the european -- it is a bad analogy all the way around. both on what europe needs to do and what we need to do. as bill points out, greece is a tiny nation that cannot control its own currency. that is completely uncompetitive. they are ranked between el salvador, it's unbelieve low on the international competition rankings, their fiscal situation is unbelievably bad. their growth prospects are nil. we are the largest, safest, best-respected economy in the world, with the most-understood

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