'This Week' Transcript: Rahm Emanuel

By way of example, elections are choices, OK? There is a choice that Joe Barton has offered the American people, a philosophy for the Republican Party, which is that BP is the aggrieved party. Rand Paul in Kentucky, other members of the Republican leadership.

Some members of the Republican leadership think that we don't need any reforms on Wall Street. Now that they've gotten back some of their financial health, we don't have to change any of the rules, we don't have to bring in another level of transparency as well as enforcement.

That's a governing philosophy. In the coming weeks you'll see the president speak to the country about these competing different philosophies. That is, do you have only the energy executives in the room, or do you have energy executives, environmentalists, and other people from the venture capital community to come to a consensus on energy policy?

Do you think that BP is the aggrieved party here? Do you think that Wall Street should be left alone and not have any reforms? Elections are about choices. Those are what is fundamental. There is a difference in our philosophies. And not only in our philosophies, how we make sure that American strengthens its economy.

Joe Barton and the Republican -- major voices in the Republican Party just told you their view. And in case you forgot what Republican governance was like, Joe Barton reminded you. In the coming weeks, the president is going to lay out a competing agenda, one that talks about an energy policy, one that talks about the essential needs of passing financial -- of reform for Wall Street, one that makes sure that small business companies are getting the capital they need to grow and expand, and one that is also -- that talks about the need that we also have of a rebuilt America, so the workers that the president was with yesterday don't have just this blip of a recovery, but that we have a rebuilt America and major investments in our infrastructure so that we're the most competitive economy going into the 21st Century.

TAPPER: Finally, sir. House Republicans introduced a resolution of inquiry on Thursday night to find out more about the jobs floated to Andrew Romanoff and Joe Sestak as part of a pitch for them not to run in contested primaries, Colorado and Pennsylvania respectively.

I know the White House position is that nothing illegal happened, nothing improper happened. But do you at all worry that you and the political arm of the White House have undermined the president's pledge to change the way Washington works?

EMANUEL: First of all, the White House -- it's also Bob Bauer, introduced and did a report, made it public that said nothing inappropriate. Two of George Bush's attorneys, one that worked at OLC in the Justice Department, one that worked in the White House, said nothing inappropriate happened here. There is nothing that -- more that needs to be added to that.

TAPPER: All right. Rahm Emanuel, thanks so much for joining us.

EMANUEL: Thank you.

TAPPER: The energy debate as seen by Jon Stewart, one of many topics for our roundtable with George Will from National Public Radio; Michel Martin; from the Council on Foreign Relations, Richard Haass, and from Fox News Channel, Greta Van Susteren. Thanks one and all for being here.

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