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CBS "Face the Nation with Bob Schieffer" - Transcript


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BOB SCHIEFFER: And good morning, again. Welcome to FACE THE NATION. We are on the floor of the Time Warner Center in Charlotte. With us today, former New Mexico governor Bill Richardson; Stephanie Cutter; President Obama's deputy campaign manager, and Maryland governor Martin O'Malley. Well, Governor O'Malley, let me just start with you. So, we come out of the Republican Convention, and their theme seems to be everybody is disappointed in Barack Obama. They don't say he's a bad guy. It's like from the Wizard of Oz when he said, I'm-- I'm not a bad man. I'm just a bad wizard. That seems to be what they're saying about Barack Obama. How do you-- how do you handle that?

GOVERNOR MARTIN O'MALLEY (D-Maryland/Democratic Governors Association Chairman): Well, look, there were three things that you didn't see at the Republican Convention. You didn't see any new ideas for creating jobs. You didn't see George Bush. And you didn't see Mitt Romney's tax returns. And-- and the fact of the matter is, it was George Bush's policies that drove our country into the worst set of problems any president has inherited since Franklin Delano Roosevelt. But facts are facts and we cannot deny that for twenty-nine months in a row now, we have seen positive private sector job growth, foreclosures are lower than they were before the President even took office. So, this is hard. These were deep problems. But what you're going to see in the next few days here in Charlotte is an agenda and a vision for America's future, where our middle class is actually growing, becoming stronger, where we create opportunity. Their only idea is ladling on bigger tax breaks for billionaires. We believe in greater security in our jobs, in our homes and in our golden years.


BOB SCHIEFFER: What do you think-- what-- what do you think about having Bill Clinton here? I mean he does have good things and bad things in his past going.

GOVERNOR MARTIN O'MALLEY: Well, I-- I think for all of the reasons that Miss Cutter just outlined, I think it's-- it's going to electrify this place. I mean let's face it. Look, ideology doesn't move our country forward. We have to do the things that we know work, and what we did in President Clinton's years was to create jobs, was to make our middle class not only stronger and more secure in their own homes, but to give their children better opportunities. This is all about opportunities that grow our middle class. Bill Clinton did it. And you know what, Bob, at the same time he created a surplus when he had been left by Ronald Reagan a big deficit. And Ronald Reagan and-- and the first President Bush. And in the same way, though, I mean, he did not do that in one term. He did not do that in one term.

BOB SCHIEFFER: Well, let me--

GOVERNOR MARTIN O'MALLEY: And I think it's important to remember that.

BOB SCHIEFFER: --let me just ask you that. Can you honestly say that people are better off today than they were four years ago?

GOVERNOR MARTIN O'MALLEY: No, but that's not the question of this election. The question, without a doubt, we are not as well off as we were before George Bush brought us the Bush job losses, the Bush recession, the Bush deficits, the series of desert wars, charged for the first time to credit cards, the national credit card--

BOB SCHIEFFER: Yeah. But I mean, Governor Richardson and-- and Stephanie Cutter--


BOB SCHIEFFER: --George Bush is not on the ballots.

GOVERNOR MARTIN O'MALLEY: Yeah. But we are making progress--

STEPHANIE CUTTER: Right. But I don't want to address one--

GOVERNOR MARTIN O'MALLEY: --out of the deep, deep hole.


STEPHANIE CUTTER: You know, in terms of the question are people better off today than they were four years ago, I just want to remind you what was happening four year-- years ago at this time. In the quarter before the President took office, we lost three million jobs. Our country was bleeding. Our financial system was on the verge of collapse. We were passing bank bailouts to ensure that--



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