DAVID AXELROD, WHITE HOUSE SENIOR ADVISER: Good morning, Terry.
MORAN: That was the week that was. The upset in Massachusetts has Republicans stoked, Democrats shocked and in near panic mode. And polls in general are showing that the public is rapidly losing confidence in the president's policies and his leadership. Just by way of illustration, Time and Newsweek this week, their covers, Newsweek, "The Inspiration Gap." It says, "How the trailblazer of 2008 became the stymied president of 2010." Time, "Now What? Obama Starts Over."
So is it that the president failed to connect with ordinary Americans? Or is this all a sign that the country's rejecting his approach in his first year?
AXELROD: Well, first of all, let's understand that we are governing in the worst economy since the Great Depression. When the president walked in the door, he was handed the worst economic downturn since the Great Depression, a financial crisis that held out the prospect of the collapse of the financial system and a fiscal crisis. President Clinton left a $237 billion surplus; President Obama received a $1.3 trillion deficit.
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AXELROD: Terry, again, I think you're misreading the Massachusetts poll. I think people want action on health care. In fact, the bill that the House and the Senate passed, which are largely the same in the main, were patterned in many ways on the Massachusetts health care plan, which is a unique plan in that state. And 68 percent of the people who voted last week said they liked the Massachusetts plan. Senator Brown said he wouldn't change it.
So I think you're misreading the results out of Massachusetts. The president will not walk away from the American people, will not hand them over to the tender mercies of health insurance companies who -- who take advantage. He will not walk away from people with pre-existing conditions. He will not walk away from senior citizens in Medicare. He's just not going to do that.
And let me tell you, as a political matter, the foolish thing to do would be for anybody else who supported this to walk away from it, because what's happened is, this thing's been defined by insurance company -- insurance industry propaganda, the propaganda of the opponents, and an admittedly messy process leading up to it.
But the underlying elements of it are popular and important. And people will never know what's in that bill until we pass it, the president signs it, and they have a whole range of new protections they never had before.
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