http://www.msnbc.msn.com/id/5961048/MSNBC: Tim, President Bush hasn't held a huge number of primetime news conferences during the course of his administration. Strategically and politically, what was the president’s primetime news conference really all about?
Russert: The president’s favorable ratings are in the mid-40’s -– the lowest of his presidency. He needs to jumpstart his second term and it’s a complicated deal. People are really upset by these gas prices as they prepare for their summer vacations with their minivans and station wagons. There’s no real end in sight as China is really sucking up a lot of the world’s oil in their development as a nation. And as long as America is dependent on foreign oil, we’re in a tough fix.
On Social Security, the president did do something that I think you’re going to be hearing about in the following weeks and months. He basically said, for the next two generations, people who make $25,000 and less will receive the scheduled benefits that are under the current system, but about 3/4ths of the American people will have a reduction. And he’s opting to do that rather than increase the payroll tax or other taxes. This is going to be a big issue, a big debate a big discussion. It’s going to take a bipartisan solution. But right now, the atmosphere is so poisonous I don’t know how we get there.
MSNBC: Did he make any progress?
Russert: Well, we’ll find out in the coming days and months. What he laid out Thursday night with Social Security will be very controversial...