STEPHANIE CUTTER: Well, I want to make a couple of points based on what Eric said. First, on the point that you made, Bob, about Mitt Romney's fifty-nine-point economic plan, not one of those-- one of the fifty-nine pieces of that plan would create jobs. Okay, so that's number one. Number two, the corporate tax plan, you know the President has a plan to reduce the corporate tax rate, too. The difference is, he pays for it, and he closes loopholes that send jobs overseas, Mitt Romney doesn't. His corporate tax plan actually protects the loopholes that have been sending jobs overseas for decades and actually creates new incentives for jobs overseas by not taxing any for-- foreign income of U.S. companies. So, you know, that is not a prescription of how we can grow the American economy here and create American jobs. And I think the American people are-- are waking up to that.
STEPHANIE CUTTER: You know we saw over the weekend actually on Friday a story in the Washington Post about Mitt Romney and his partners being pioneers in outsourcing. And I think that for people in Ohio and Virginia and North Carolina, who have been watching as outsourcing have-- has destroyed their local economies and their local communities, that's really startling when this person who wants to be the President of the United States actually created the practice of outsourcing American jobs overseas to places like China and India, and that's a problem. It is a problem not only because that's his record but it's a problem because he's protecting those proposals now.
BOB SCHIEFFER: Eric, let me-- Eric Fehrnstrom, let me ask you this question, we heard reports this week from some governors, Republican governors, who say the-- the Romney campaign has asked them to tone down the good news about their economies doing better. Did-- did you in fact tell them to do that?
ERIC FEHRNSTROM: Well, Bob, before I address that, and-- and I will answer that question, I-- I want to just go back to what Stephanie said, because no American jobs were shipped overseas in any of the Washington Post examples that were cited by the Obama campaign. In fact this was a shoddy piece of journalism. I hope that the Post will correct the record if they're interested in protecting their reputation, they will do so. The-- the-- the jobs that were cited by the Washington Post and which the Obama administration is now attacking were created to support exports overseas. When companies like Coca-Cola, for example, build a bottling plant in China so they can sell more soft drinks to the Chinese, we should be applauding that, because that type of entrance into new markets is what makes our companies stronger, more profitable, and more successful. I don't think we've ever had a President who has been as anti-business as Barack Obama. And frankly, it's alarming that he would be attacking American companies by name simply because they want to expand into new markets.
BOB SCHIEFFER: Let me-- let Stephanie Cutter respond to that.
STEPHANIE CUTTER: Sure. Eric, I-- I think that it would be interesting for you to explain the difference between outsourcing and offshoring to the people in Ohio because I don't think that they see a difference because it's not actually creating a job in Ohio. And in many ways, it's taking jobs away from them. And are you really saying that in none of the dozens of Bain deals that Mitt Romney was involved in, not one American job got sent overseas.
ERIC FEHRNSTROM: Well, I'll tell you this, there's a very simple difference between outsourcing and offshoring. Outsourcing is what the Obama campaign does when they hire a outside telemarketing vendor to provide telemarketing services. This is done by companies every day. They take functions and they allow vendors to do it instead of handling it in house. Offshoring is the shipment of American jobs overseas and in that Washington Post story, which the President is using now to attack American companies by name, there are no examples of jobs being taken from the United States and shipped overseas. What you have are companies that are expanding into new markets. We should be encouraging that not attacking it and this is just another assault on free enterprise by--
BOB SCHIEFFER: Let--
ERIC FEHRNSTROM: --President Obama. It's one of the reasons why this economy is not moving at the pace that it should be--
BOB SCHIEFFER: Let me--
ERIC FEHRNSTROM: --and it's why millions of Americans have been left behind.
BOB SCHIEFFER: We're running out of time. But quickly, Mister Fehrnstrom, did your campaign tell these Republican governors not to be talking about how good their economy is doing, how much better it's doing?
ERIC FEHRNSTROM: No, of course not. That was a story that concerned Governor Scott down in Florida, and Governor Scott's administration came out, they denied it. Look, there is no doubt that there are Republican governors who have unemployment rates that are doing better than the national average, but I don't think any of them, whether it's Governor Walker up in Wisconsin or Governor Kasich in Ohio or Governor Rick Scott in Florida are happy with the level of unemployment.
BOB SCHIEFFER: Uh-Huh.
ERIC FEHRNSTROM: What they're looking for is a partner in the White House who can work with them to drive that unemployment rate down even further.
BOB SCHIEFFER: All right. Well, I'm sorry we have to end it there. Thanks to both of you. We'll be right back with our political round table.
BOB SCHIEFFER: And we're back now with our political round table. Four weary travelers have been out on the campaign trail. Joe Klein of TIME magazine back from a twenty-one-day road trip through eight battleground states. He logged over four thousand miles held about forty meetings talked to everyone from banjo players to geographers, we're told. Another campaign road warrior joining us today Dan Balz, the chief correspondent of the Washington Post. Plus, our own campaign dream team, chief White House correspondent Norah O'Donnell and political director John Dickerson. Well, the question is being begged here, Joe. What did the banjo players say about the campaign?
JOE KLEIN (TIME): Well, it was actually a fiddler. It was a retired meter reader who supposedly is the great American fiddler. But what people were saying on the camp-- you know, this is the third year that I've done this-- this sort of trip, and when I went out two years ago, people were scared to death. Last year they were kind of frustrated. They wanted to see Washington make some deals.
BOB SCHIEFFER: Playing a slightly different--
JOE KLEIN: Yeah.
BOB SCHIEFFER: --tune as they were.
JOE KLEIN: This year playing slightly different tune.
BOB SCHIEFFER: Yeah.
JOE KLEIN: This year they are really screeching to-- to fulfill your metaphor there, they're-- they're just really angry that nothing has gotten done. They have-- you know, they're-- they're pretty angry at both the candidates and, you know, there's a real mood of frustration out there this time.
BOB SCHIEFFER: What are you finding, Dan?
DAN BALZ (The Washington Post): Very similar. There's clearly a great deal of frustration with Washington and in its inability to get anything of consequence done, particularly in any timely way. There is clearly disappointment in President Obama that what he promised to do he's not been able to do. And there's-- actually there's a lot of lack of knowledge about Governor Romney. I mean people still don't know him very well. The Obama campaign is working furiously to try to disqualify him in this period before he can define himself. And the Romney campaign thinks that economic issues are the paramount issue of this campaign and that, as Eric Fehrnstrom said, if conditions are not getting any better then they have a very good chance of winning the election.
BOB SCHIEFFER: Uh, you two have been traveling, too, Norah and John, but there's some news going on back here in Washington, DC, and there maybe a whole lot more this week because the Supreme Court could rule as early as tomorrow on whether to throw out the President's health care plan. What happens, John, if-- if the court throws this thing out?