'This Week' Transcript: Goolsbee and Rauf


HUFFINGTON: It's because they know how they completely underestimated the economic crisis, and they told us that unemployment was going to be down to 8 percent. So right now, basically, the American people are given a choice between inadequate solutions from the Democrats or laughable solutions from the Republicans. Thank God in Nevada, they can vote for none of the above.


HUFFINGTON: It may be Harry Reid's salvation.

AMANPOUR: You mentioned Nevada, so I am going to put up a couple of things, part of Jon's interview with Sharron Angle. Let's listen to what they talked about.


KARL: Do we have enemies of the country in the halls of Congress?

SENATORIAL CANDIDATE SHARRON ANGLE, R-NEV.: Well, certainly people who pass these kinds of policies, Obama care, cap-and-trade, stimulus, bailouts, they're certainly not friends to the free market system.

KARL: So what are they?


ANGLE: They're not friends.


AMANPOUR: She wouldn't go there, but it's an extraordinary comment to make, enemies of the system.

KARL: Yes, and she's not backing away from her earlier suggestion that there are enemies of the country in the halls of Congress. What was interesting about that is she mentioned those who supported bailouts, that would include people like John Boehner and George W. Bush.

ZERNIKE: But what's also interesting is that when you talk to voters, when you talk to tea party supporters and people who are coming to the Capitol this weekend to rally, that's not an unusual view. This is something that you hear quite often.

HUFFINGTON: Well, that's the irony again. That at the bottom of the tea party movement of that anger is anger at the bail-out. And, you know, here people -- Democrats, Republicans, have been given proof that the government does not work. Because the government spent almost $800 billion and look where we are. Wall Street is doing well, main street is suffering.

AMANPOUR: Somebody was -- I was talking to over the -- during the week, people in business, in venture capital, who would say, why doesn't the government do more to force banks to lend, to do more to make it easier for people to actually go out there and show some kind of consumer activity?

WILL: Well, maybe if the government did less, period, people would be more inclined to lend money.


WILL: The banks are not hoarding the money because they're in a pout. They're not hoarding the money because they're mad at somebody. They're hording money because they can't find lenders who think they can borrow it and make money.

HUFFINGTON: No, that's not true. The banks are getting almost zero percent interest rate loans from the Fed. And they're spending it to make a lot of profit in derivatives trading and all of the things that got us into this trouble in the first place.

And this administration and this Congress still has not passed an end to "too big to fail." Still has not reinstated Glass-Steagall.

So even though people may not be able to give you all of these details, they know that the system has not been fixed. That financial reform is full of loopholes. And that the system is not fair, basically, for them as they're seeing their lives falling apart.

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