Meanwhile, skepticism abounds on the bank plan. Economist Paul Krugman panned the Geithner bank plan: "Why am I so vehement about this? Because I’m afraid that this will be the administration’s only shot — that if the first bank plan is an abject failure, it won’t have the political capital for a second." And Frank Rich wondered: Has a "Katrina moment" arrived?
Obama also took on Dick Cheney and his assertion that new policies on Guantanamo Bay and prisoner treatment were making America more vulnerable.
Said Obama: "I fundamentally disagree with Dick Cheney. Not surprisingly. You know, I think that-- Vice President Cheney has been-- at the head of a-- movement whose notion is somehow that we can't reconcile our core values, our Constitution, our belief that we don't torture, with our national security interests. I think he's drawing the l-- wrong lesson from history. The facts don't bear him out. I think he is-- that attitude, that philosophy has done incredible damage-- to our image and position in the world. I mean, the fact of the matter is after all these years how many convictions actually came out of Guantanamo? How many-- how many terrorists have actually been brought to justice under the philosophy that is being promoted by Vice President Cheney? It hasn't made us safer. What it has been is a great advertisement for anti-American sentiment. Which means that there is constant effective recruitment of-- Arab fighters and Muslim fighters against U.S. interests all around the world."
Watch the portion of the 60 Minutes interview on AIG, AFTER THE JUMP....