'This Week' Transcript: Jon Huntsman, David Axelrod

But in the end, someone's going to have to stand up. And with all due respect, I don't agree about Washington. Someone's going to have to stand up and take responsibility for this mess, that the American people want someone to do what Jerry Brown said to Meg Whitman in the 2010 gubernatorial race. You blame me about the illegal maid, you blame me, you blame the press, you blame the left, you blame the unions. Stand up and take responsibility for your actions, admit you made a mistake, and learn from it.

That's what they're asking from Washington, D.C. And no one has done that. So it's all the blame game. Obama blames the conservatives. The Tea Party people blame him. Who's going to stand up and say, "I made a mistake, I got it wrong"?

TAPPER: OK. When we return, Obama campaign adviser David Axelrod takes on President Obama's bumpy road to re-election.

(COMMERCIAL BREAK)

(BEGIN VIDEO CLIP)

PERRY: Actions speak louder than words. And the president's actions are killing jobs in this country.

BACHMANN: He has failed all Americans when it comes to job creation.

ROMNEY: He has not got the job done, and he's hoping that by three days on a bus he can make up for hundreds of days of failure.

(END VIDEO CLIP)

TAPPER: Republican front-runners this week taking turns hammering President Obama on the economy. It's been another brutal week, with talk of a double-dip recession, huge losses on Wall Street, and more bad news on jobless claims. On Monday, the president announced he'll present a new economic plan next month. Right now, he's on a 10-day vacation at Martha's Vineyard.

Joining us from Michigan is his top campaign adviser, David Axelrod.

David, welcome back to "This Week."

AXELROD: Thanks, Jake. Good to be here.

TAPPER: So what can you tell us about this economic speech that President Obama is going to give after Labor Day, in which he's going to outline jobs programs and a way to reduce the deficit? And why is he waiting until after Labor Day?

AXELROD: Well, first of all, Jake, we -- and as he said, we thought it was actually healthy for members of Congress to go home and speak to their constituents, hear from their constituents, hear how outraged people are at some of what they've witnessed, and understand how desperate people are for action. They want Congress to act, not to act out. And hopefully, they'll come back with that message resonating and we can get to work on the task at hand.

There are specific things that we can do right now that will accelerate our economy, some of which the president has already talked about, some of which will be new in his speech, all of which have, in the past, gotten broad support from Republicans and Democrats. If they don't move forward, the only reason will be politics, and we can't afford that right now.

So the president is going to outline a short-term plan to accelerate the economy, in the face of the hits we've taken, because of the Arab Spring and oil prices, because of the Japanese earthquake, because of Europe that have slowed down economic growth.

And he's going to talk about the long-term debt picture, because that's another piece of the puzzle that we have to solve, but we have to solve it in the right way, in a balanced way, in a way that's fair, in a way that protects the investments we have to make in education, research and development, and the things we need to build good middle-class jobs in the future.

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