'This Week' Transcript: David Axelrod

MARCUS: I would say it's actually a bigger problem, in that he came in exposed on two flanks. He came in exposed on the left flank with his comments about Social Security, monstrous lie, Ponzi scheme, and on the right flank on immigration. He was completely unprepared. this last debate performance at least was a sin of omission, where he sort of sat there and looked surprised and passive, not commission. But it was not a good week for him, and he really needs to step up his game to stay in the game.

AMANPOUR: And Cain, what does he have to do to stay in the game as high as he is?

MARCUS: Well, you know, he told he was not the flavor of the week, but I suspect -- and I'm a little bit stealing a line from Bill McInturff, the Republican pollster, that he's the souffle of the month. He -- 9-9-9, the more you look at it, it's more going to look wrong, wrong, wrong. It's a massive tax increase on poor people and middle-income Americans. And he's got lots of empty spaces and blank knowledge on other things outside 9-9-9. That's a big problem.

AMANPOUR: We're going to talk about it in our next roundtable, which is going to be about the economy. We dig into the candidates' jobs plans, including, of course, as Ruth mentioned, 9-9-9. Which plan has what it takes to put America back to work? Our special economic roundtable is next.


AMANPOUR: This week, Occupy Wall Street went global. From Rome to Paris to New York and across the United States, thousands have been rallying against corporate greed and government dysfunction, but also their fears about the unemployment situation. Their collective voice now too loud to be dismissed and their anger yet another symptom of the crisis which grips this country and the world.

So where does that leave the policy debate? Joining me again, George Will, Bloomberg Television's Margaret Brennan, Laura Tyson, who's a member of the president's jobs council and former Clinton administration economic adviser, and ABC's Jon Karl again.

Thank you very much again for being here. Margaret, you're down at Wall Street every single day. What are people inside the stock exchange making of what's going on outside?

BRENNAN: Well, it's interesting, because I'm inside the New York Stock Exchange every day and I went down to talk to the protesters on Friday. And the frustrations inside and outside are similar: 45 million Americans on food stamps, 14 million Americans unemployed.

But inside of Wall Street, they're more angry at what's not happening in Washington, the lack of clarity, the lack of momentum. And outside, they're sort of attacking the symbol of banks and the symbol of money, and it's not quite clear what they're asking for, but the frustration is something that -- that people are definitely noticing.

AMANPOUR: Well, their frustration, the Wall Street bankers' frustration about Washington, you're on the president's jobs council. What is going to happen? I mean, what is going to make some kind of impact in this jobs crisis right now?

TYSON: Well, you know, the jobs act that just went down to first round defeat that you talked about in the earlier segment has been evaluated by a very large number of economists, and they have said repeatedly, it could actually have an effect. It could create a couple million jobs next year. It could increase the GDP growth rate a couple percentage points. It could reduce the unemployment rate by a percentage point.

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