Hotsheet Live: Where does 2012 race stand at Memorial Day?

CBS News political director John Dickerson was joined on Friday's Hotsheet Live by the National Journal's Major Garrett and the New York Times' Michael Shear for a discussion on where the 2012 presidential race stands at Memorial Day weekend.

"The October surprise is that October is in May," Garrett said. "This election has already become largely framed."

Garrett said that President Obama's general election game plan is to frame Mitt Romney as disqualified to be president, as a businessman whose experience in the private sector is the "wrong kind of experience;" while Romney's message to voters from now until November is that if you're dissatisfied, vote for me.

"This is going to be a campaign that spends six months talking about the big issues that people care about," Shear said, citing again the economy as the predominant issue of this election.

Dickerson, Garrett and Shear also discussed Mr. Obama's attack on Romney's record at Bain Capital during a press conference at the NATO Summit earlier this week and whether that was presidential or just petty.

Watch the full edition of Dickerson's Reporters Roundtable in the video above at left and watch shorter clips below.