Tony Fratto, former Bush White House spokesman now with Hamilton Place Stragies in D.C., in a panel appearance on CNBC, talks about the U.S. "crisis of confidence" and the difference between 2008 and now:
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Joe Honick, GMA International (8/10):
He's full of it. We lost confidence ages ago, a reason for my long ago article on a Death in the National Family: Public Confidence. In 2008 we already had had enough of two phony wars and the human, fiscal losses together with our other loss of respect abroad.