tv The Journal Editorial Report FOX News July 11, 2009 11:00pm-11:30pm EDT
>> this week on the journal editorial report. president obama attempts to relations can the russia. did he succeed? a surprise revelation in the future of the g.o.p. do republicans have any national leaders out there? and the incredible shrinking stimulus, where is the money? where are the jobs? the journal editorial report starts right now. >> the president and i agreed that the relationship between russia and the united states has set adrift. we resolve to reset u.s.-russia relations so we can cooperate more effectively in areas of common interests. >> president obama traveled to moscow this week for the first summit between russia and the united states in seven years in his two days there, the
president met with russia political lead, business leaders and dissidents in an efforts to reset relations between the two companies. former chess champion gary casp casparoff met with the president in moscow, i met with him earlier this week and asked how the meeting went. >> the most important about the meeting, the fact that objections, this administration decide today build relationships with russian opposition groups and they were listening and he made the comments and i think that it was not just one of show as president indicated, but it was-- it's an attempt of the administration to open the new communication channel and i think that's the main result of the meeting. >> so just by making the appearance with you, the opposition leaders, that sends a message, do you think, to the kremlin leadership that the american president is paying
some attention to democratic processes in russia? >> i think it it more. because, unlike bush administration or clinton administration, obama doesn't want to build relationships with russia and america, relations between the white house and kremlin. the russian and american people and meeting oppositional leaders and meeting the njo, he did before and meeting with the business groups, he he indicated that it will not be business as usual, not like the relations between two leaders and the rest is relevant. and i think that his consistent message throughout his stay is that america wants to reset the button, but not just a fo formality, he means it. >> when the president talks about reset. what is it you think he's trying to accomplish and how do the kremlin leaders in particular
define reset when we're talking about u.s.-russian relations? >> oh, we knew very well from this agenda, they wanted the so-called approval of russian influence and they wanted america to cancel the missile defense froms europe-- from europe. they want americans to ignore-- and the urging him not to drop the self-defense system and defend georgia and ukraine and to build relationships with russia and political militia and he did it and specific about georgia and awe crane, about territorial integrity of his country. as far as i can see, he didn't budge off of any issue and the kremlin failed in trying to establish the same relations that the obama had. >> one of the goals that obama shared with president bush is to
try to get some cooperation with iran to stop iran's nuclear ambitions. do you think he made any progress with the kremlin on that front? >> i guess obama recognized, that it's probably not within his reach because putin is with the opposite of the americans, nuclear round, sanction, and that's the only hope of russian regime that it will go off again. so obama made the statement in moscow and he didn't want to tie it to anything else. so if you guys told we had a problem and we can talk again about missile defense which means to me that he has very little hope if any that russia will get help. >> that's interesting, you athat russia has an interest in high oil prices. and another goal is to prevent further russian diplomatic or military assaults into georgia.
they've been staging military operations there, do you think the president will get any kind of cooperation from putin on that? this is not about cooperation, i think this is about warning and obama made a lot of general statements in russia and i like many of them, but he was not specific when he talked about democracy, he didn't want it menti mention-- but he mentioned georgia many, many times. as the official press conference, during his speech, during the opposition and i think the message could not be missed by kremlin. he said georgia is a sovereign country and america is fully behind georgia as protected integrity and didn't want to see the renewed conflict. in fact, the kremlin official website and on georgia, and
place sent with-- but if you can reestablish original, i think it was protection georgia-- >> one of the things i read that only one russian network broadcast president obama's speech in full at the moscow university. is that correct? >> absolutely they tried to play down the visit and say, oh, it's a meeting between the president and he met putin, so, the russian state controlled media didn't want to talk about the substantial things that obama mentioned in his speech. >> brian: one of the things that's fascinating for americans to watch this trip. the russian crowds, the audiences he addressed were as
enthusiast tuck or as large as the president-- as president obama has had when he visited other foreign countries his first year in office. why do you think that is? why the reaction? >> kremlin has no interest in gathering big crowds to listen to obama because obama is quite popular here for many reasons, as far as with president bush and russians know the life stour about as an american, you know, getting to the top of the american political office and the kremlin didn't like the obama mania and they want today make sure that his visits will be within the very small official state controlled by the state media. >> all right, gary, thanks so much for joining us. >> thank you. >> when would he come back. first mark sanford and then sarah palin. not a good summer for g.o.p. up
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>> alaskan governor sarah palin with a surprise announcement she'd leave 18 months early. why they decide a front runner with the presidential nomination in 2012. pal palin's disrupt departure leave many wondering if her future in politics is dead. and joining us iswallwall editor dan ettinger and a board member, riley and washington columnist strawsle making a rare appearance here in new york. welcome, kim. all right. how much has sarah palin hurt herself. >> she did it over a political future? there is a group of people who think she may have been sick of the attacks, sick of the complaints, sick of what happened to her family and that she's done or at least going out for a while. but this was done for political reasons, she hurt herself a lot. >> will people say in the future, earlier, governor, one executive position why should e
we-- a much more rigorous job as the president. >> and the problem she always had, paul, getting independents to think she has the qualifications for the onand she had the base out there, loved her, loved her charisma, loved her personality and need today convince even the intellectuals in the g.o.p. that you could do this and you don't do that by retiring mid term. >> i think it also has a certain logic, campaigning from alaska with the lower 48 so far away. >> and the end of 2010 anyway and she could have-- >> that's true, now she as time to make money and raise money for the party and her public image and bone up on the issues on the side and then sit back and wait and see what happens at the mid term. >> dan, i think that she showed unfortunately, i agree that what a lot of people say the media was merciless in attacking her and her family, which is rare, but she didn't demonstrate that she was up to the riggers, i think, of a presidential
campaign and done the hard work of preparing on the issues to run for president? >> no, not at all. and i still don't think she can quite put the ball across the goal line. she's really going to have to go to school and show, excuse me, she can speak intelligently with a wide range of issuings. if she does that and raises big bucks for the g.o.p., which she's capable of doing and which is a crucial element of being a presidential candidate these days, i think given her charisma, when the time comes she might have a shot, but she does have to broaden education. >> and earlier the republican party doesn't add any national identifiable leaders, does it matter here right now? who are they? >> it's a little early. look, what we've got coming up here, a couple years from the obama administration, we are going to have a lot about some new republicans to define themselves and we should expect that to happen. >> these are going to be people in congress and people in the
state houses, people in private life who maybe like mitt romney who ran before, a former governor and now private life again? >> i think air going to see more about the private life and the governor. one thing the g.o.p. has going for it. what is happening in washington, to define themselves in a different way, especially from state houses and saying this is what we need to be doing in washington, this is us doing is different ways. >> and who are those governors right now? >> people that you've talked about so far, bobby jindal in louisiana, pawlenty from minnesota and a daniels from ind interred. a bunch of folks. >> they all have to resign. you cannot be a sitting governor and run successfully for the president, you can't do it. >> george bush did it. >> george bush did it in 2000. barack obama ran from the senate. >> the rules have changed and the amount of money you have to raise, you have to be out in the country raising it. >> think about mitch daniels, one thing to understand his
opponents in 2006 and very bad years for republicans and not in southern republican conservative states. >> right. >> don't we have, don't republicans need somebody from the north, not another southern candidate? >> republicans have a two-fold problem. they need a leader. they need someone who can articulate an alternative how we can get out. but two, they need someone with a sort of star wattage to match barack obama. >> that's hard. >> it is a tough road. a very tough road to hoe, but that's the dilemma that the republicans face right now. it's two-fold. >> look, i mean, if you're talking about a celebrity, there aren't very many of those that come around. can't you just have somebody who says that's beginning to suggest, look, i've governed well and i've dealt with principles and offered a kind of alternative leadership? >> i've started with someone who has confidence and they have to do that first, but i think you're also going to need a charismatic figure which i think why palin does have a shot and
still going to go okay. >> all right. would you think 2012 or making maybe for 2015 or 20? >> i think it will be longer down the road and she's got a lot to put forth. >> all right. thank you. still ahead, as unemployment hits a 26, 26 year high, the barack obama administration admits it misread how bad the economy would get. and offer a second stimulus as a and offer a second stimulus as a time to
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administration underestimated the economy, the unemployment rate will peek at 8% and congress passed the 787 billion dollar economic stimulus and president bm signed that legislation in february and the figures last week showed that the national unemployment rate has reached 9 1/2% and as the economy still shedding nearly half a million jobs a month. we're back with dan ettinger, ken strossle and jason riley and joined by mary, and so, mary, the white house economic advisor says give it time and warren buffett says no, it's not. who is right? >> i think that warren buffett is closer to the answer. unemployment is higher. yeah, and i think maybe even higher than the white house admits that. of course, unemployment is a lagging indicator, in other words, it starts to look better at the very end of the recession and that's not the concern. the bigger concern here is that even the bit of the recovery we're starting to see looks
very, very weak and we have to ask why with 787 billion committed. >> that includes the monetary stimulus the federal reserve pushed in. a couple of trillion. >> right, i think the answer to it, i mean, you can say that while only a portion of the stimulus has been spent and so forth, and the real uncertain, the administration and congress created an extremely uncertain environment for investors so people are, even if they get money, they're holding back. they're not willing to commit capital because of the tax regime and the pending possibilities that the taxes are going higher all-around, on energy, on income and so forth and also, i think, that there's a lot of concern about the regulatory environment. >> this whole policy question, the health care, and what changes it will take, if it passes what form will it take and afr got the house to raise taxes two percentage points m e
more, more than the president said he'd raise tax ins 2011. this is the uncertainty that mary is getting at. is this weighing on the economic recovery? >> absolutely, you've seen that in the stock market which has retreated some. >> has it popped up and rose for a while and now flat lined now for two months. >> and comeback, because everyone is looking at congress and the proposals that they have and not one of those-- especially all of those on task, the energy tags have a huge hit to the economy and this 787 billion dollars, i think with congress before it wasn't directed as the way to create a jobs. sustainable long-term jobs as well, too, and it's going to have people to go out and collecting the consensus for a while and maybe build a bridge occasionally, but it's not designed to stimulate the capital markets for long-term jobs. >> and 2010, a loot of the money
goes back-- >> one of the aspects of this is how president obama's approval ratings haven't suffered much by the condition of the economy. he's sort of sailing above and you wonder how long this will last. his policies aren't as popular as he is. 35% of voters now put the unemployment rate as the top issue. if it toss as mary suggests sail above 10% this time next year, will obama's popularity be able to-- >> i think i agree with mary on this, the economy is going to recover, i mean, hit bottom you can't throw 3 trillion dollars at the economy and not see some kind of bounceback, but the real question how strong will it be, how sustainable will it be. if you have unemployment at 10 1/2, 11% ail need a lot of growth in the economy to get that back down and get new jobs. no, you're not going to get a lot of growth in the economy. up over zero. but obviously, this has been designed to stimulate a
consumer-led recovery. >> putt money in the pockets. >> exactly. i honestly think you're not going to get the sort of spending we had in the 1990's and for the last sit eight years. i think this has been a depression-like experience for most people, the loss of wealth and i think they're going to take that money and save it because they're not going to spend at the levels they did. therefore what you really need is incentivized reducers and there's nothing in the package to do that. >> mary, as president obama, he's resisting now, but will he go there? >> i don't think he will, i think he he knows that he has a problem with projected deficits and the pressure they're putting on him and on congress to somehow come up with some way to pay for everything he wants to do? i think there's another problem here, too, this administration has not allowed markets to clear, in housing and in the financial system, it's tried to sort of prop, prop up institutions that failed and made bad decisions.
>> would you say, as hard as it is, that he can only recover if they're hit from-- >> now they're talking more about modifying more mortgages and finding ways to keep pumping money into people who made bad decisions and into the houses that people made bad decisions and i think that's going to delay the recovery. >> thank you all. we can sure hope that there will be a little more optimism. we have to take more one break, when we come back our hits and misses. hey, it's me, water. did you know that when you filter me at home i'm pretty much the same as i am in a plastic bottle? except that you'll save, like, $600 bucks a year. but other than that, we're pretty much the same. pur. good, clean water. right now, all over the country, discover card customers are getting 5% cashback bonus at the pump. now more than ever, it pays to discover.
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>> time for our hits and misses. >> a big miss, the house flutter this week claiming the cia misled them after 9/11 and demanded that leon pa netnetta o publicly. and this is for nancy pelosi caught way off base saying she knew n n the cia was doing with interrogation. this has escalated and the real lo losers are the american people. the cia is going to decide the safest thing for it to do is to do nothing. >> all right. >> this is another miss for boll and his odd foreign policy speeches. in april he went to prague and gave a speech a thinly veiled apology for missiles in world war ii and in russia he suggested the u.s. does play a
role in the ending the cold war and wonder that this president is popular abroad talking about u.s. accomplishments, is it too much to ask that the u.s. president be proud of our history. >> a miss for honduran, deposed honduran president sebaya. in claims he was in his palm jam mass. and he had to cut up credit cards and he had spent $80,000 over the five short days. >> all right, and i'm going to give president obama, promised to veto the house bill for the house democrats stealing power from the xek tifts. give president obama credit for this. that's it for the editorial report. thank to my panel and we hope t