FORMER DEMOCRATIC NATIONAL COMMITTEE CHAIR ED RENDELL DISCUSSES PRESIDENT OBAMA’S EXPECTED STATEMENT REGARDING EXTENDING BUSH-ERA TAX CUTS AND SHARES HIS VIEWS ON CAMPAIGN TACTICS ON “CBS THIS MORNING”
RENDELL TELLS CO-HOSTS CHARLIE ROSE AND ERICA HILL, “IT DOESN’T PUT THAT MUCH MONEY TOWARDS GETTING RID OF THE DEFICIT. WHAT WOULD, IS IF WE DIDN’T EXTEND THE BUSH TAX CUTS TO ANYBODY. BUT, GIVEN THE ECONOMY, THEY DON’T WANT TO DO THAT”
Former Democratic National Committee Chair Ed Rendell discussed President Obama’s expected statement regarding the extension of the so-called “Bush tax cuts” and shared his views on campaign tactics with co-hosts Charlie Rose and Erica Hill, live today, July 9, 2012, on CBS THIS MORNING on the CBS Television Network (7:00 AM – 9:00 AM).
Below are excerpts from the interview.
ROSE: Let me start with what the President is going to do today. Do you believe it's good politics to do this, and also good economics?
RENDELL: I think it's good politics, clearly. Take it to the Congress, show the Congress isn't reacting. Is it good economics? Well, it's fairness. It doesn't put that much money towards getting rid of the deficit. What would, is if we didn't extend the Bush tax cuts to anybody. But, given the economy, they don't want to do that.
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ROSE: Independents don't like to see a shrill campaign. That's where the election will be decided — and how big a risk.
RENDELL: I agree, two places. Turnout of the base and independents. It's a big risk if you go over the top.
ROSE: And President Obama's campaign is at risk of doing that?
RENDELL: A little bit. They're better than they were out of the chute. The vampire stuff was clearly over the top. But, I think they're getting the right pitch and the right message, because you see it's working.
HILL: What about the criticism that's coming from within the Democratic Party? Particularly from Robert Reich over the weekend in terms of President Obama, saying look, time to move on, it doesn't look like you have a handle on the economy.
RENDELL: First of all, it's okay for the President to go back and say, remember when we were losing 750,000 jobs a month? Now we're actually gaining jobs. That's okay. But, to keep pointing the finger of blame at someone else doesn't resonate anymore. People are getting sort of tired of that.
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Chris Licht is Vice President of Programming, CBS News, and Executive Producer of CBS THIS MORNING.
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