DOWD: Well, that's why the president's in trouble on this. Even if there is a glimmer of hope in some statistical basis for job creation, the American public gets to make the decision about whether or not we're in a recovery. And until the American public's income actually changes, which it has not changed in 10 years, has not kept pace and has not kept pace with expenses, they do not believe the country's on the right track. And as that number goes further month to month, the president's number's going to drop, unless the economy really changes and the public really feels it.
The problem is, there's been no politician on the left or the right, a Republican or Democrat, that has laid out a vision that the country believes they can see what the economy will look like in 5 years or 10 years. The country does not believe there's been a politician that's said, "Here's where we're going, and here's how we're going to get there." Until they do that, the country's in this great funk and great dissatisfaction.
AMANPOUR: So one of those end points is, obviously, what the super-committee's going to come up -- you heard me ask Speaker Boehner about that. Weigh in, if you like, about how -- and do you believe they're going to come up with an agreement by the deadline, just before Thanksgiving, George?
WILL: The problem is, by next Sunday, they have to have a plan, if they're going to get it scored by the Congressional Budget Office before the 23rd.
The president needs this committee to fail, because he's already decided to run against what he calls the "Republican Congress." While he was lecturing in constitutional law, he missed that part of the Article I that says there's a Senate, also, and the Democrats control that, and as Boehner said, they're holding up a lot of legislation.
If he's going to run against a do-nothing Congress, it has to do nothing. Therefore, they can go for a big deal, which is unlikely. They can say, "We got $1.2 trillion, which is what we're required to get," which is $120 billion over 10 years, which is trivial. Or they can let the so-called sequester happen, counting on the fact that Congress is going to say, "Come to think about it, we don't want to do that."
AMANPOUR: Those are the automatic cuts.
WILL: The automatic cuts have to come from defense, but defense defined broadly to include the great blob of the Department of Homeland Security.
FERGUSON: This seems like a potentially huge miscalculation by the president, because as your poll shows, the blame is beginning to shift towards him for the underperformance in the employment market. And I think this will be another negative from the point of view of U.S. financial markets if they don't come up with a deal and if there's even discussion of going down the sequester route. And I think the president gets hit hardest. If the economy's still in the tank 12 months from now, almost every social science model that exists...
HUFFINGTON: ... not just this president. I mean, just look around at the world. Whoever is in power is getting hit. I mean, look at what's happening in Greece, with Papandreou resigning. Look at what's happening in Spain, where the Socialist candidate for prime minister is overwhelmingly going to lose to the conservative (inaudible) candidate for prime minister. It doesn't matter where you're coming from. If you're in charge, you're being blamed for what's happening.