'This Week' Transcript: David Axelrod

AMANPOUR: So what will be the first that you propose, then? Will it be the payroll? Will it be the infrastructure? What will be the first bits that you try to reassemble and get them passed (ph)?

AXELROD: That is -- I'm not going to -- I'm not going to discuss a legislative calendar here, but they will be done sequentially, and the sequence is being discussed right now.

AMANPOUR: And you think that you can get it all reassembled, then. But the millionaire's tax, do you really think that's going to go through?

AXELROD: Well, we'll see.

AMANPOUR: There's a lot of opposition.

AXELROD: Well, not among the American people. The American people strongly support it. And the American people are going to be heard on this legislation. I think so many Americans are just sitting there saying, "Act," to Congress. "Do something. Stop playing games."

AMANPOUR: So what about Occupy Wall Street then? Is this something that will benefit your party, benefit the president as he goes into re-election?

AXELROD: Well, that remains to be seen. Obviously, I don't think any American is impressed when they see Governor Romney and all the Republican candidates say the first thing they'd do is roll back Wall Street reforms and go back to where we were before the crisis and let Wall Street write its own rules. I think that will be an issue in this campaign...

(CROSSTALK)

AMANPOUR: Is it beneficial to the president or is it detrimental to the president? I mean, after all, some of them are saying, you know, the president himself has a lot of Wall Street in his cabinet, for instance?

AXELROD: You know, I don't know, and I don't know how to judge that, and I don't know that anybody does, and we tend in this business to try and treat everything as a kind of seminal event. And you see some of that around these Wall Street protests.

Now, I do know this: The American people want a financial system that works on the level. They want to get a fair shake. And they want to know that the dealings that are made are done transparently so that if there are problems, such as the ones we saw before the crisis, we'll be alerted to them and we can stop the whole economy from being -- from being turned over.

AMANPOUR: If the president can't work with Congress or Congress can't work with the president to get these things done now, how will it be different in a second term, when maybe both houses of Congress will be Republican?

AXELROD: Well, first of all, let's see what happens in the election.

AMANPOUR: But how -- how do you think it will get any better?

AXELROD: I think that -- I think that there -- I do I believe that, when the president wins this election -- and I believe he will win this election -- I think there's going to be an occasion for self-reflection on the part of the Republican Party, and they're going to have to decide, do they want to keep going down this road of obstruction, keep doing down this road of non-action, or are they going to work together to solve problems?

AMANPOUR: Well, let me ask you this. Mitt Romney, you had a conference call this week, basically highlighting what you want to see in the upcoming campaign. You're saying that he's a flip-flopper. You're talking about all sorts of ways in which you hope to be able to beat him to the post. Do you think that Mitt Romney is going to be the nominee who President Obama faces?

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