'This Week' Transcript: Geithner

But the other thing that's true is that what she actually did say gets us right back to the last conversation, because what she did say was that the divisions she came to understand were really not between black and white, but between haves and have-nots. And that is really what -- what turned her around and -- and made her fight for that white farmer.

DONALDSON: But I think, except for her, there's enough blame to go around for everyone here. The people who maliciously and with intention misrepresented the facts, I mean, I -- I believe in the First Amendment. There's nothing you can do about them, although you wish for Joseph Welch to say as he did to Joe McCarthy when Joe McCarthy was destroying someone on television, have you no decency, at last?

But from the standpoint of Obama and the administration, who are these people that they should pay attention to and be afraid of? Who's Glenn Beck? I mean, who's Bill O'Reilly? Who's Brett whatever his name is?

TAPPER: Andrew -- Andrew Breitbart...


DONALDSON: No, let me -- let me finish, because I want to give a little advice, since I've been doing it this morning in economics, to the president.


DONALDSON: I want to quote another president who also said he had enemies, I'm going to -- of financial monopoly, speculation, reckless banking, class antagonism, sexism. They are unanimous in their hatred for me, and I welcome their hatred, said Franklin Roosevelt, who said I ask you to judge me by the enemies I have made.

So, President Obama, don't be afraid of them. Take them on, and let the people judge. You may lose, but if you lose, you will lose grandly (ph).

TAPPER: This is an argument you hear from a lot of liberal activists and Democratic activists. Josh Marshall, who writes at Talking Points Memo, wrote, speaking of Andrew Breitbart, who -- the blogger, the conservative blogger who originally posted this video, that -- the unfairly edited excerpt, which he says that's the -- that's the way he got it, was in that unfairly edited excerpt, and this is what Josh Marshall wrote.

"Breitbart got a piece of video he knew nothing about and published it with a central claim that he either made up or made no attempt to verify. To use terminology of infectious disease, Fox was the primary vector of this story. And to the best of my knowledge, there's been not only no disciplining of anyone in the newsroom, but as far as I can see, no retraction, apology, or even discussion of their primary role in an obvious smear. This is a journalistic felony, really, the worst kind of thing that journalists can ever do, a reality only compounded by the fact that they refuse to admit not only culpability but even that they did anything wrong."

Stephen, do you think that this -- that liberals are unfairly using this to try to discredit conservative journalists or...

HAYES: No, way. They would never do that.


Yes, of course, they are. Look, the timeline doesn't work. I mean, Donna's colleague, Howard Kurtz, at CNN and the Washington Post wrote that the timeline simply doesn't work. She actually resigned before or was forced to retire before anybody on Fox said a word about this. Senior vice president of news, Michael Clemente, sent out a memo talking about the need to treat this carefully, to gather all the facts.

Look, it's an easy distraction. That's what they want to do. I understand that.

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