“CBS THIS MORNING” CO-HOST CHARLIE ROSE SAT DOWN WITH PRESIDENT BARACK OBAMA AND FIRST LADY MICHELLE OBAMA YESTERDAY AT THE WHITE HOUSE
OBAMA ON ROMNEY TENURE WITH BAIN CAPITAL: “IT IS ENTIRELY APPROPRIATE TO LOOK AT THAT RECORD”
OBAMA ADDED: “I WANT US TO MAKE SURE THAT WE KNOW WHAT YOUR THEORY IS ABOUT HOW TO GROW THE ECONOMY—AND THAT IS A QUESTION THAT I THINK MOST AMERICANS WANT TO KNOW AS WELL—THIS IS THE NATURE OF RUNNING FOR PRESIDENT”
CBS THIS MORNING co-host Charlie Rose sat down with President Barack Obama and First Lady Michelle Obama yesterday at the White House. An excerpt of the interview was broadcast today, July 13 on CBS THIS MORNING (7:00-9:00 AM).
More of the interview will be broadcast Sunday, July 15 on CBS SUNDAY MORNING WITH CHARLES OSGOOD (9:00-10:30 AM) and Monday, July 16 on CBS THIS MORNING (7:00-9:00 AM) on the CBS Television Network.
Below is the excerpt from the interview:
ROSE: Do you believe his presidency would be a disaster, because this is a man who's been a successful businessperson. Does that disqualify him or make him appropriately a candidate for a political office? How do you take the measure of his business experience?
OBAMA: Well, I do not think it at all it disqualifies him. But, I also think it's important if that's his main calling card. If his basic premise is that "I'm Mr. Fix-It” on the economy, because I made a lot of money.
ROSE: But that's not what he's saying.
OBAMA: Well, no, that is to some degree. What he says is he understands the economy and the private sector.
ROSE: And they built businesses and they bought businesses and made them better.
OBAMA: Well, they invested—
ROSE: Invested and made them better.
OBAMA: So, that's his premise. I think it is entirely appropriate to look at that record and see whether, in fact, both that is true that, in fact, his focus was creating jobs and he successfully did that. And when you look at the record, there are questions there that have to be asked.
ROSE: Like what?
OBAMA: As I've said, when some people question why I would challenge his Bain record the point I've made there in the past is if you're a head of a large private equity firm or hedge fund your job is to make money. It's not to create jobs. It's not even to create a successful business. It's to make sure that you’re maximizing returns for your investor. Now that's appropriate. That's part of the American way. That's part of the system. But that doesn't necessarily make you qualified to think about the economy as a whole, because as president, my job is to think about the workers. My job is to think about communities, where jobs have been outsourced. And so it is not that he is disqualified because of what he's done, it is if that's your main claim, so, if he doesn't talk about the fact that he's been governor of Massachusetts for four years very much—
ROSE: Or ran the Olympics?
OBAMA: Or then I want us to make sure that we know what your theory is about how to grow the economy. And that is a question that I think most Americans want to know as well. This is the nature of running for president.
Click here to watch the video.
<embed src="http://cnettv.cnet.com/av/video/cbsnews/atlantis2/cbsnews_player_embed.swf" scale="noscale" salign="lt" type="application/x-shockwave-flash" background="#333333" width="425" height="279" allowFullScreen="true" allowScriptAccess="always" FlashVars="si=254&&contentValue=50127845&shareUrl=http://www.cbsnews.com/video/watch/?id=7414742n&tag=mg;cbsthismorning" />
Chris Licht is Vice President of Programming, CBS News, and Executive Producer of CBS THIS MORNING.
Rand Morrison is the Executive Producer of CBS SUNDAY MORNING WITH CHARLES OSGOOD.
# # #
Press Contact: Whitney Kuhn 212-975-2856 KuhnW@cbsnews.com