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updated 11/2/2012 11:57:22 AM ET 2012-11-02T15:57:22

THE ED SHOW with ED SCHULTZ
November 1, 2012

Guests: Annette Taddeo, Bob King, Michael Tomasky, Lori Touchette

ED SCHULTZ, HOST: Good evening, Americans. And welcome to THE ED
SHOW from New York.

Five days until the 2012 election. Mitt Romney`s campaign needs some
disaster relief, because he`s desperate.

This is THE ED SHOW -- let`s get to work.

(BEGIN VIDEOTAPE)

BARACK OBAMA, PRESIDENT OF THE UNITED STATES: We need a vision that
says, we don`t just look out for ourselves. We look out for one another.
We look out for future generations. And we meet those obligations by
working together.

SCHULTZ (voice-over): The president takes the high road on the stump.
Mitt Romney continues the campaign of deceit.

MITT ROMNEY (R), PRESIDENTIAL CANDIDATE: (SPEAKING SPANISH)

SCHULTZ: Tonight, Karen Finney on the closing arguments.

The UAW`s Bob King on the new charges that Mitt Romney profiteered
from the auto rescue.

The secretary of explaining stuff, versus the decider on the campaign
trail with Michael Tomasky.

GEORGE W. BUSH, FORMER U.S. PRESIDENT: Can`t get fooled again.

SCHULTZ: And with the East Coast still reeling from the devastation
of hurricane Sandy, stories of heroism are coming out of the woodwork.
Tonight, one of the nurses who helped save the lives of four babies during
the hurricane.

(END VIDEOTAPE)

SCHULTZ: Good to have you with us tonight, folks. Thanks for
watching.

Residents on the East Coast are trying to get their lives back as the
cleanup and recovery from Sandy continues. Thousands of commuters lined up
in Brooklyn for free buses into Manhattan today. Of course, getting to the
bus was only half the battle. Traffic is still tied up in knots.

New York mayor -- New York`s three major airports reopened. This was
the first flight to land at LaGuardia since the storm hit.

Cars lined up for miles along the New Jersey highway to get gasoline.
Governor Chris Christie says officials requested emergency supplies of
gasoline and fuel from the federal government.

There have been 92 reported deaths related to this storm in the United
States.

The Department of Energy says more than 4 million customers still have
no power. Nearly 2 million of those households are in the state of New
Jersey. Utility workers are coming in from all over, exactly from 12
states. They are headed to New Jersey to assist in repairs.

The National Guard is increasing its response to the storm.
Reinforcements were sent to New York and New Jersey to double the recovery
efforts.

Now, while people are picking up the pieces of their shattered lives,
the presidential campaign is back in full swing. If you want to know where
this election will be decided, just watch where the candidates go. Mitt
Romney made three campaign appearances in the state of Virginia today.

President Obama jumped all over the place from Wisconsin to Nevada, to
Colorado. Both candidates are making their closing arguments.
Interesting. A closing argument.

What is Mitt Romney`s closing argument? His latest incarnation is
that he`s the guy who reaches across the aisle?

(BEGIN VIDEO CLIP)

ROMNEY: We have to stop the dividing and the attacking and the
demonizing. We`ve got to reach across the aisle, bring in good Democrats
with good Republicans and finally do the people`s business and put the
politics behind.

(APPLAUSE)

(END VIDEO CLIP)

SCHULTZ: We just need to stop demonizing, don`t we? Well, old
Mittster, show leadership and pick up the phone and call Mitch McConnell.

It`s interesting for Mitt Romney to present himself as a guy who works
across the aisle while President Obama is being label by the Tea Partiers
and everybody else in the right wing as nothing but the divider-in-chief.

Romney might want to pick up the phone, you know, give this guy a
call, keynote speaker of the Republican National Convention. Governor
Christie spent the past four days praising the president of the United
States in his partnership in storm preparation and response to the
disaster.

President Obama passed, I think, the reach across the aisle test with
flying colors. Don`t you think?

The president spoke about his unified goal during a campaign stop in
Green Bay.

(BEGIN VIDEO CLIP)

OBAMA: When disaster strikes, we see America at its best. All the
petty differences that consume us in normal times all seem to melt away.
There are no Democrats or Republicans during a storm. They`re just fellow
Americans.

Leaders of different parties working to fix what`s broken, neighbors
helping neighbors cope with tragedy, communities rallying to rebuild -- a
spirit that says, in the end, we`re all in this together.

(END VIDEO CLIP)

SCHULTZ: When you have a willing partner, you can get things done.
All Americans are willing partners in this storm aftermath. I mean, we can
see it every single day, can`t we? We are reminded with every picture on
display just how devastating the damage is, and then we put ourselves in
the place of those people and say, holy smokes.

People feel the sadness and every time they turn on their television,
they get another story about how rough it`s going to be for fellow
Americans.

You know, there has been a storm in Washington for the past four
years. People couldn`t see it, just by turning on the TV, but they hear
about it. We have a continuing financial crisis in this country, and the
Republican obstructionists -- well, they refuse to help. President Obama
came into office with a crisis on the scale of this current natural
disaster. It required a heavy lift from all players to get America back on
track.

Republicans, where were they? Well, they were not willing
participants.

Journalist Michael Grunwald wrote, "Vice President Joe Biden was
warned not to expect any bipartisan cooperation on major votes. Biden
said, I spoke to seven different Republican senators who said, `Joe, I`m
not going to be able to help you on anything.`"

His informants said, "Senate Minority Leader Mitch McConnell had
demanded unified resistance. The way it was characterized to me was, `For
the next two years, we can`t let you succeed in anything. That`s our
ticket to coming back.`"

What if we took that attitude right there to the storm damage and the
cleanup? Now, Mitt Romney said he`s the guy who can reach across the
aisle?

Not according to the most influential conservative lobbyist in
Washington, Grover Norquist. According to Norquist, Mitt Romney isn`t
supposed to do anything except what the Republican Congress tells him to
do.

(BEGIN VIDEO CLIP)

GROVER NORQUIST, CONSERVATIVE LOBBYIST: We are not auditioning for a
fearless leader. We don`t need a president to tell us what direction to
go. We know what direction we want to go. We want the Paul Ryan budget
which cuts spending $6 trillion.

(APPLAUSE)

The Republicans in the House passed 24-plus bills that create jobs and
opportunity and strip out regulations. We just need a president to sign
this stuff.

(APPLAUSE)

We don`t need someone to think it up or design it. We have a House
and a Senate. The leadership now for the modern conservative movement for
the next 20 years will be coming out of the House and the Senate.

(END VIDEO CLIP)

SCHULTZ: So what he`s saying is all they really need is a waffler in
chief.

This is the Republican vision for American leadership. Do it our way
and that`s it. They reject any attempt to stimulate the economy or pass
legislation to help create jobs in this country.

They openly brag about that, you know, their plan is to make President
Obama one-term president. They kill compromise deals brokered between
Democrats and Republicans. This is the party Mitt Romney will lead if he`s
president. He won`t reach across the aisle. He`ll turn his back on the
folks on the other side of the aisle, and it will be more of the same.

Mitt Romney has no plan for taxes. He can`t be direct on that. He
has no plan when it comes to repealing Obamacare and what he`s going to
replace it with, and what about immigration, which in these last few weeks
hasn`t gotten a whole lot of attention?

He has no plan for America. And now he`s going to be the guy who`s
going to reach across the aisle?

Get your cell phones out. I want to know what you think.

Tonight`s question: who do you trust to work with the other side?
Text "A" for President Obama, text "B" to Mitt Romney to 622639. You can
always to our blog at Ed.MSNBC.com. We`ll bring you the results later on
in the show.

Joining me tonight is Karen Finney, MSNBC political analyst and former
communications director of the DNC.

Karen, good to have you with us tonight.

KAREN FINNEY, MSNBC POLITICAL ANALYST: Good to see you, Ed.

SCHULTZ: This is -- this is a rather interesting closing argument
that Mitt Romney is making that he`s going to be the guy that`s going to
reach across the aisle. When that really is the last thing his party wants
him to do. How`s this going to work out?

FINNEY: Well, also, you know what, Ed? I think is so interesting, I
feel like we`re back where we start in some ways, because here you have
President Obama, Sandy has put in very clear relief, what is the role of
government?

We don`t leave anybody behind. There`s no red, there`s no blue.
There`s one America, right? Some of the very same messages, very same
things we`ve heard the president talking about from the beginning.

And where is Mitt Romney? Right back where he started, refusing to
answer questions, refusing to answer very fair questions.

How can we believe he`s going to work across the aisle when he won`t
tell us and/or explain to us his position on FEMA, just like he wouldn`t
talk to us about his tax record?

So, I find it interesting that thematically we`re back where we
started. When voters are asking themselves, who can they trust -- to your
question -- they can look no further than sort of what the themes have been
throughout this election.

SCHULTZ: The Republicans over the last decade have proven to the
American people that they are not about compromise.

FINNEY: Right.

SCHULTZ: They are about power. And the Democrats now are in pretty
good shape to, I think, hang on to the Senate and President Obama`s re-
election looks pretty good right now.

If it was a closing argument, what do you think the best closing
argument would be for Mitt Romney right now? I mean, is reaching across
the aisle, or should he seriously advocate for some policy that he hasn`t
been definitive on?

FINNEY: You know, I think what he`s trying to do -- he`s kind of gone
small. This is, he`s back to sort of the strategy he had during the
Republican primary, which is, he just doesn`t want to make a mistake. He`s
trying to run down the clock.

SCHULTZ: No interviews.

FINNEY: That`s right.

SCHULTZ: I have never seen anything like this, that a guy who wants
to be president of the United States has got a media blackout. What else
do you call it?

FINNEY: When you have major events happening, he won`t answer any
questions but he`ll send his staff to Walmart to buy some goods to use at
an event. I mean, what is that? Yes.

So, I mean -- so, Mitt Romney`s closing argument I think is, I`m just
going to try to not make a mistake between now and the election so I`m not
going to take any questions, I`m not going to do any interviews.

That`s not really much of a closing argument message. And, again,
think about where President Obama is. He`s the adult in the room, right?
He`s the guy who has said from the beginning -- I`m here, I`m ready to work
with you.

He took a lot of heat from the left. You and I both, Ed, are people
who, you know, it kind of hit him hard a few times. He said, look, I`m
going to work with you guys. And then here, you know, push comes to shove.
We`re in the middle of a crisis. He`s there.

And he`s the guy seen doing the job, calm leadership, getting it done.

SCHULTZ: All right. Of course, big question about Romney is: where
does he stand on FEMA? They did release a statement today.

FINNEY: Oh, good.

SCHULTZ: And this is it. "I believe that FEMA plays a key role in
working with states and localities to prepare for and respond to natural
disasters. As president I will ensure FEMA has the funding it needs to
fulfill its mission, while directing maximum resources to the first
responders who work tirelessly to help those in need because states and
localities are in the best position to get aid to the individuals in
communities affected by natural disasters."

I tell you what?

FINNEY: What?

SCHULTZ: It just doesn`t get any deeper than that, does it?

FINNEY: Yes.

SCHULTZ: Here`s what the American people want to know. Are you going
to keep FEMA?

FINNEY: Right.

SCHULTZ: And I guess judging from that answer there`s going to be at
least a few people in the front office at FEMA that might make sure some
money gets to the states. How do you read it?

FINNEY: I also think, though, it`s not just a question of -- think of
how carefully parched that whole statement is, because remember that under
President Obama, like under President Bill Clinton, part of what has made
FEMA so effective is the ability to have the resources in the bank, to have
the resources, to get those resources ahead of the storm, because part of
the problem is once the storm hits and you`re trying to move resources in,
then you`re behind the eight ball.

Part of Ryan budget, frankly, if we believe that, you know, that`s the
approach Romney would take says, no, no, you have to come back to us after
a storm hits and get the resources you need. That`s inefficient and we
know that`s inefficient.

SCHULTZ: And then, of course, we`ll get the conversation of the off
sets.

FINNEY: Of course.

SCHULTZ: That means we have to take --

FINNEY: And demonizing middle class Americans. As you`ve been
pointing out, now, all of a sudden, he`s nice to first responders when he -
- you know, didn`t wasn`t so hot on them when we had real labor issues, was
he?

SCHULTZ: No, not at all. Karen Finney, good to have you with us on
THE ED SHOW. Thanks so much.

Remember to answer tonight`s question at the bottom of the screen.
Share your thoughts on Twitter @EdShow and on Facebook. We always want to
know what you think.

Coming up, a down and dirty ad from the Romney campaign in Florida
because it`s getting desperate. Annette Taddeo of the Miami-Dade
Democratic Party joins me with just how this is playing out in Florida.

(COMMERCIAL BREAK)

SCHULTZ: Coming up, with only five days to go before the election,
Mitt Romney turns to the kitchen sink strategy and unloads every lie he`s
got in the pantry. We`ll have the details coming up.

Then the United Autoworkers file an ethics complaint in order to learn
more about Mitt Romney`s investments and profits that he made during the
automobile loan. We`ll visit with UAW president Bob King.

And during the height of the hurricane Sandy, nurses at NYU`s Langone
Medical Center worked tirelessly to save newborn babies. One of those
nurses will join me later to share her experience.

And you can share your thoughts with us on Facebook and on Twitter
using #EdShow.

We`re coming right back.

(COMMERCIAL BREAK)

SCHULTZ: Welcome back to THE ED SHOW. Thanks for watching tonight.

With each passing day, the Romney campaign is really getting more
desperate. So it`s unleashing more false, outrageous ads. For Romney, I
guess you can say it`s kitchen sink time.

Romney has a new ad criticizing President Obama`s suggestion to create
a new secretary of business. The ad says that "We don`t need another
bureaucrat," but President Obama wants to consolidate the work of nine
government agencies to create one-shop stop for business in America. He is
not trying to grow the bureaucracy.

Romney has another new ad accusing President Obama of gutting welfare
to work requirements. It was a lie the first three times and it`s still a
lie.

Romney`s disgraceful Jeep ad is still running despite scratching,
scathing criticism from Ohio newspapers.

The Obama campaign has countered with a new ad in Ohio and Michigan.

(BEGIN VIDEO CLIP)

AD NARRATOR: G.M. calls Romney`s ads politics at its cynical worst.
And Chrysler`s CEO said it`s simply not true. We know the truth, Mitt.

ROMNEY: That`s exactly what I said. The headline you read which is
let Detroit go bankrupt.

(END VIDEO CLIP)

SCHULTZ: When Romney airs these grossly false ads, it opens up the
door obviously for the Obama campaign to hit back hard. In the state of
Florida, it actually gets worse. Romney desperately needs to win the state
of Florida and he is running a Spanish language ad meant to stoke the fears
of Cuban-Americans. The ad tries to connect President Obama to Venezuelan
President Hugo Chavez and Fidel Castro.

As "The Miami Herald" reports, the Romney campaign would not furnish
the ad despite repeated requests. In other words, the ad is so outrageous
the Romney campaign -- well, they just tried to slip it under the radar.
Obviously the strategy is backfiring.

Let`s turn to Annette Taddeo, member of the Miami-Dade Democratic
Party.

Annette, great to have you with us tonight.

You know, I keep saying the bread basket to victory for President
Obama is going to be south Florida. Turnout is so important.

But now, this Spanish language ad that`s out, what is this doing to
stroke the fears and the emotions of people down in that portion of the
state?

ANNETTE TADDEO, MIAMI-DADE DEMOCRATIC PARTY: Well, it just -- I think
Mitt Romney is finally just getting absolutely desperate. It is him
learning a little bit of arithmetica. Him realizing he cannot win, just
like you said, without Florida, and this is absolutely desperate at its
worse because I will tell you, here in Florida, this is not going to work.

Cuban-Americans, only the old ones are really, the elderly ones, are
the ones that are turning out to vote for him in big numbers. But the
younger ones don`t really want to hear about what Chavez says. We know
that whatever comes out of his mouth we don`t pay attention to it anyway.

And the Hispanics that are not of Cuban descent certainly don`t care
about what Chavez says and know that President Obama can`t control that.
So, we are not turned on by this ad at all. We`re actually turned off by
this kind of advertising.

We want to hear about the economy. We want to hear about jobs. We
want to hear about that we`re going to get health care instead of having to
go to the -- you know, to the E.R. to get our health care.

SCHULTZ: There are estimates Romney would have to win 40 percent of
the Latino vote to carry Florida. So he`s going to have to -- I guess he`s
going down and dirty to increase those numbers. But you`re saying there`s
no way it`s going to work.

TADDEO: Well, he`s obviously, what I mean by he`s paying attention to
arithmetica is because, look, on the first day of early voting, we, the
Democrats, actually turned out so many people, and we have every day
consistently, that we actually surpassed our 2008 numbers. So it was so
shocking to them to see, after telling everybody, oh, we have no momentum,
our people are not excited, and yet we have people standing out in lines
for three hours --

SCHULTZ: Yes.

TADDEO: -- waiting to vote right here in south Florida, which is our
heavy, heavy voting area. So --

SCHULTZ: Annette, if you were to break out the state, the panhandle
pretty much Republican. The middle of the state -- how is that going to
go? I mean, I think we can make the conclusion that south Florida is going
to be a real good place for President Obama. What about the middle of the
state?

TADDEO: Well, the middle of the state as well, and we have to
remember that there`s a huge influx of Puerto Ricans in the middle of the
state, and other non-Cuban Hispanics. So to pull this Cuban ad or try to
pull out the Cuban vote is really desperate because now the majority of
Hispanics in Florida are non-Cubans.

And so, they are -- they`re back in I don`t know what year. Again,
he`s going backwards. We`re moving forward. So they don`t even get the
Hispanic community, obviously, because this is such a turnoff to the
Hispanic community. And I think even to the younger Cuban community.

SCHULTZ: All right. Annette Taddeo, great to have you with us
tonight. Thanks so much for joining us on THE ED SHOW.

Coming up, profiting from a crisis. Mitt Romney`s accused of making
millions from the automobile rescue. Tonight, the united autoworkers are
demanding a federal investigation.

And five days until the election, former President Bill Clinton is out
on the campaign trail big-time. But where`s former President George W.
Bush?

Stay tuned. You`re watching THE ED SHOW on MSNBC.

(COMMERCIAL BREAK)

SCHULTZ: And we are back. We`ve been telling you about Mitt Romney`s
decision to double down on his lies about the automobile industry lately.
I mean, he`s been ripped by everybody in the media. Nobody believes a word
the guy says.

And today, the United Autoworkers, they decided, you know what,
they`ve just had enough of this. The United Autoworkers and the Service
Employees International Union and five other groups have filed an ethics
complaint against Mitt Romney. The groups want United States Office of
Government Ethics to investigate Romney`s finances. They say that Romney
has failed to disclose how much he profited from the automobile rescue.

The allegations stem from Romney`s investment in Delphi. Delphi is a
major auto parts supplier for General Motors. "The Nation" magazine
reports Ann Romney invested at least $1 million in Delphi in a blind trust
at the height of the financial crisis. The Romneys bought stock at bargain
basement prices. Or should I say, Delphi shares were going for 67 cents a
piece before the automobile rescue.

Today, Delphi shares closed at $32.53. Good for them. It`s a 4,000
percent gain on Romney`s investment.

Now, we know the Romney family made at least $15.3 million in the wake
of the automobile rescue. But we don`t know exactly how much Romney made
because he won`t release his 2009 tax return. He won`t tell us how much he
actually invested.

Remember, Mitt Romney was against the automobile rescue. He wrote
this op-ed in "The New York Times", saying that we should let Detroit go.

Now we`re learning he made at least $15 million off the very policy he
opposed. Tonight, the United Autoworkers are demanding the truth.

And joining me tonight is Bob King, president of the United
Autoworkers.

Mr. King, good to have you with us tonight. This is --

BOB KING, UAW PRESIDENT: Great to be with you, Ed.

SCHULTZ: You bet. This is about conflict of interest. But what do
you think Mitt Romney allegedly did that was wrong? Why have you called
for this?

KING: Well, because we`re told by our legal department that he
violated the government ethics laws and he did not disclose where he`s got
a conflict of interest, his investments in Delphi Corporation.

It`s so hypocritical, as you said, for him to criticize the loans and
then to go in like a vulture capitalist and buy the stock at really low
price and basically extort General Motors, costing the taxpayers more
money. And he and his friends at the vulture capitalist made as you said
3,000 percent to 4,000 percent return on their investment in Delphi by
holding up General Motors and costing the government more money.

SCHULTZ: All right. Let`s talk --

KING: Costing taxpayers more.

SCHULTZ: Yes. Let`s talk about this extort and hold up General
Motors. Now, Delphi is critical to the automobile manufacturing business.
They, of course, manufacture parts that go into automobiles with General
Motors that they just couldn`t make the vehicles without Delphi`s
assistance. Is that correct?

KING: Right. If the parts don`t come in, they can`t build the cars.

SCHULTZ: OK. So what happened here? What did Romney`s group do that
was so terrible?

KING: Well, they bought up the stock at this really low price and
then they demanded much larger cost per part from General Motors, much
bigger payments from General Motors in order to deliver the parts, at a
point, they were willing to force General Motors to go into liquidation.

They didn`t invest that much, and to get this unbelievable, really I
would call it, immoral return, they held up General Motors, said, if you
don`t pay us these extra costs, then we`re not going to deliver the parts.
Without steering columns and brakes --

SCHULTZ: Sure.

KING: -- and other parts, you can`t build a car.

SCHULTZ: That, of course, would have halted the automobile rescue and
the progress that we have seen today. So, in other words, it was after
General Motors, the automobile industry, got this bailout money or this
loan money, and this is when Delphi went to work and this is where Mitt
Romney profited. Do I have that correct?

KING: That`s right. That`s exactly right. And then cost the
taxpayer more money by what he did.

SCHULTZ: OK. And now his campaign, as he continues to double down
with radio and television ads saying that, you know, he`s taking credit for
the automobile loan program that actually saved the industry. And I need
your reaction, because I know that your workers took a haircut. I mean, as
far as pension and retirement and health care and also wages.

I mean, UAW stepped up. So how does it boil with you tonight that
Mitt Romney is trying to take credit for what was this turnaround?

KING: Well, you know, it bothers us even more, his reckless ads.
He`s attacking two companies. He`s hurting their brand image saying
they`re moving work to China, which is absolutely not true. And he knows
it. And the CEO came out and said it. Two statements by Chrysler
Corporation, they`re expanding Jeep production here in the United States.
They`re spending billions of dollars in every plant that builds Jeep
products.

In Toledo, Ohio, in Belvedere, Illinois, in Detroit, Michigan, they`re
doubling -- Chrysler is doubling down on their investment and creating jobs
in America. General Motors, which Romney claimed is taking a tax dollars
to China, they invested 8.5 billion dollars in the United States of
America, in Michigan, in Ohio, in Tennessee, all over this country.
They`re investing, creating jobs, helping us to get out of the doldrums
that we`ve been in in the economy.

The strongest thing in the American economy right now is the
automobile industry. And for him to really drive customers away by making
these reckless statements is really wrong. He said in the debate, I
wouldn`t do anything to hurt GM or Chrysler. Baloney. He`s doing it right
now. He`s telling lies about these -- misinformation and lies about these
companies that could potentially drive customers away, costing American
jobs and hurting American companies. To me it`s outrageous.

SCHULTZ: All right. Bob King, president of the UAW, great to have
you with us on THE ED SHOW tonight. Thanks so much.

There`s a lot more coming up in the next half hour of THE ED SHOW.
Stay with us.

(BEGIN VIDEO CLIP)

BILL CLINTON, FMR. PRESIDENT OF THE UNITED STATES: The American
economy in the next four years will produce 12 million jobs if we do not
mess up what President Obama has already done.

(END VIDEO CLIP)

SCHULTZ: The Secretary of explaining stuff is working overtime on the
stump as George W. Bush keeps an eye on Mitt Romney`s money in the Caymans.
The tale of two surrogates next.

The guy who joked about rising tides gets heckled on the trail.

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: What about climate? That`s what caused the
monster storm.

(BOOING)

(END VIDEO CLIP)

SCHULTZ: I`ll tell you why Mitt Romney`s post-hurricane nightmare
isn`t getting any better.

And it`s the story everybody is talking about.

(BEGIN VIDEO CLIP)

STEPHEN COLBERT, "THE COLBERT REPORT": These nurses carried 20
newborns down nine flights of stairs while manually operating respirators.
I can`t even walk nine flights of stairs without a spotter.

(END VIDEO CLIP)

SCHULTZ: One of these heroic nurses joins me live on THE ED SHOW
tonight.

(COMMERCIAL BREAK)

(BEGIN VIDEO CLIP)

CLINTON: The American economy in the next four years will produce 12
million jobs if we do not mess up what President Obama has already done.

(END VIDEO CLIP)

SCHULTZ: And welcome back to THE ED SHOW. Former President Bill
Clinton on the campaign trail speaking in Wackishaw, Wisconsin, earlier.
President Clinton has proved to be one of the most effective surrogates for
President Obama or for any president, for that matter. Clinton has held 13
events in seven states over four days, drawing crowds in thousands.

He was a huge hit in good old Fargo, North Dakota. Using the 42nd
president to stump for President Obama has been a good strategy.

(BEGIN VIDEO CLIP)

UNIDENTIFIED FEMALE: To hear Bill Clinton is always a thrill. He`s
been one of my favorite presidents.

UNIDENTIFIED FEMALE: We`re just five days from election day. What
are you feeling?

UNIDENTIFIED FEMALE: Excited and very hopeful that we`ll have Obama
continue for four more years.

(END VIDEO CLIP)

SCHULTZ: So that`s the 42nd president. But what about the 43rd?
Five days before the election, former President George W. Bush isn`t
stumping. He`s not out on the campaign trail for his party`s nominee.
He`s in the Cayman Islands. That`s probably not welcome news if you`re
Mitt Romney and you have a bunch money stashed down there.

Tonight, Bush is the keynote speaker at something called the Cayman
Alternative Investment Summit. According to the summit website,
"institutional investors, private investors, asset allocators, fund
managers, service providers, academics and regulators will benefit from the
discussion on the future of the industry."

It costs 4,000 bucks to attend. We wish we had more details to share
with you, but organizers have been forbidden to disclose the information.
In fact, a spokesman for the summit told the Associated Press that
organizers are forbidden to be talking about any aspect of the speech, even
in general terms. Quote, "we`ve got a complete blackout on discussing the
Bush details."

Gosh, that sounds familiar, doesn`t it? "Those restrictions were
imposed by the former president`s staff." Well, some things never change.

This is an admission that the GOP brand is, what? It`s severely
damaged. The Republicans don`t even have a former president that can
effectively campaign for the Republican nominee or the party platform?
Why?

Let`s turn to Michael Tomasky. He is a special correspondent for
"Newsweek" and "the Daily Beast." Great to have you with us tonight,
Michael.

MICHAEL TOMASKY, "THE DAILY BEAST": Pleasure.

SCHULTZ: What does it say about the Republican party that they just
don`t have someone of the stature of Bill Clinton, a former president, to
be able to go out and feverishly make the pitch for Mitt Romney?

TOMASKY: They haven`t had good presidents. I mean, Ronald Reagan,
OK, maybe not to me and you, but, you know, to a significant chunk of
Americans, fine, good president. He died. So since that, they`ve got the
two Bushes. One of them was a one-termer. One-termers are not successful.
And then the other one was one of the worst presidents in American history,
who left office with a 25 percent approval rating.

It`s not merely that, though, Ed, to me. The amazing thing about this
story is that he chose to do this, knowing Mitt Romney`s history, knowing
Mitt Romney`s story, his money in the Cayman Islands, that Bush chose to do
this five days before an election. Amazing.

SCHULTZ: We all know that disaster relief isn`t exactly George W.
Bush`s forte. But why did he agree to give a speech in the Cayman Islands,
as you say, just a few days before the election? I mean, do you think he
really wants Romney to win?

TOMASKY: Well, you know, I mean, these questions are rising in our
minds, aren`t they? Does Chris Christie want Mitt Romney to win? This is
something I`ve been wondering about for a couple days. Now does George W.
Bush want Mitt Romney to win? It`s not so clear.

And we do know that most of the people who have encountered this guy,
a lot of them have come away just not liking him. And you just have to
wonder why they`re doing this.

SCHULTZ: On the other hand, you have got Bill Clinton who has been so
terribly effective for President Obama. And no one predicted the storm was
going to take that much time away from the president. But this has been a
real asset for the president.

TOMASKY: It has, absolutely.

SCHULTZ: So have we ever seen a former president work so hard for
someone to get re-elected?

TOMASKY: No. I don`t recall it. It`s pretty astonishing. And when
you think of their history, which isn`t all milk and honey, it makes it all
the more interesting. You know, they had rough times in 2008 when Obama
was running against Hillary Clinton. And they both said some pretty tough
things about each other.

But they know that they need each other. And Obama obviously needs
Bill Clinton as a validator. So the president who created the most jobs in
recent American history going out and saying, in Obama`s behalf, that he
can manage the economy is very important to Obama. And I think it`s good
for Clinton, too. I think not only in legacy terms, but I think if Hillary
Clinton still has an eye cast toward the White House, I think it`s much
better for her. It would be much easier for her in 2016 if Obama is re-
elected.

SCHULTZ: Back to the Bushes for a moment. Jeb Bush, let`s see. If
Mitt Romney doesn`t win, Jeb might go for it. Jeb Bush was out defending
his brother on the campaign trail yesterday. Here it is.

(BEGIN VIDEO CLIP)

JEB BUSH, FORMER GOVERNOR OF FLORIDA: President Obama was dealt a
tough hand. We were told that. We hear this every day almost, if you
watch TV. You know, and, of course, it`s my brother`s fault for everything
that goes on.

It`s almost as though the dog ate my homework is the reason why we`re
going through tough times.

(END VIDEO CLIP)

SCHULTZ: What are your thoughts on that, Michael?

TOMASKY: Well, of course, that`s what he`s going to say. But the
fact of the matter is that the financial crisis that we got into was George
Bush`s fault. It was the Republican party`s fault. Sure, you can trace
some things back to Clinton, the deregulation of Glass-Steagall in
1999/2000. But nobody was watching the henhouse when the banks were doing
what they were doing under Bush`s SEC. So it is true.

If anything, Ed, if anything, I believe that the Democrats haven`t
done enough during this campaign season to draw a direct line between W and
Romney, and say these are the policies that created the crisis and Romney
wants to enact exactly these policies. Repeal Dodd/Frank and lower tax
cuts on rich people, which is exactly what got us into the problem in the
first place.

I think Democrats haven`t done that quite enough.

SCHULTZ: I think if Mitt Romney had been a candidate of more
definition, where he absolutely took a stand on topic A, B, and C, and
maybe if they were starting to gain ground with voters and independent
voters, maybe they would have used Bush to connect him to the hip in that
regard. But it kind of looks like they haven`t had to.

Mike Tomasky, great to have you with us tonight. Thanks so much.

Coming up, in the aftermath of Hurricane Sandy, climate change gets
its moment in the political spotlight.

And with renewed interest in the candidates` environmental policies,
President Obama gets a surprising endorsement. Stay tuned.

(COMMERCIAL BREAK)

SCHULTZ: This year`s presidential debate cycle was the first since
1988 in which candidates or moderators failed to directly address the issue
of climate change. I guess they just didn`t get around to it. Now just
days before the election, Hurricane Sandy has brought climate change to the
forefront of this race.

Now we`re talking about it. Today New York City Mayor Michael
Bloomberg endorsed President Obama for re-election, citing climate change
as the deciding factor. The mayor, an independent who refused to endorse
any candidate in 2008, said in the aftermath of Hurricane Sandy the Obama
administration`s efforts to address environmental issues proved more
important than ever.

And he went on to say, "when I step into the voting booth, I think
about the world I want to leave my two daughters and the values that are
required to guide us there. The two party nominees for president offer
different visions on where they want to lead America. One sees climate
change as an urgent problem that threatens our planet. One does not. I
want our president to place scientific evidence and risk management above
electoral politics."

If you want to see what putting electoral politics over scientific
evidence and risk management looks like, here it is.

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: What about climate? That`s what caused this
monster storm. Climate change.

(BOOING)

(CROSS TALK)

(END VIDEO CLIP)

SCHULTZ: Once again, Mitt Romney doesn`t say a word because in
conservative crowds, the science of climate change is just too
controversial. Climate change is something that you can just heckle right
on out of the room. It`s not connected to floods or fires or devastation
that we saw this week or the millions of Americans left stranded, homeless
or without power. It`s just the Republican way. It`s just something to
laugh of off, you know?

Tonight in our survey, I asked who do you trust to work with the other
side? Ninety eight percent of you said President Obama; two percent of you
say Mitt Romney.

Up next, Hurricane Sandy forced two major New York City hospitals to
evacuate. And the process to get patients out wasn`t easy. Tonight, we`re
going to be talking to a hero nurse who worked almost 24 hours straight to
save lives. Stay tuned.

(COMMERCIAL BREAK)

(BEGIN VIDEO CLIP)

UNIDENTIFIED FEMALE: It seems as though it`s like a blur, because I
think this aftermath of the cleanup and looking at what I`m looking at now,
which looks like what I`m told would be a war zone -- I`ve never
experienced a war. I think I`m in survival mode.

UNIDENTIFIED FEMALE: Monday night was probably the most terrifying
night of my life, hearing the transformers exploding, the car alarms dying.
Just an incredibly eerie sound. And the smells coming in.

UNIDENTIFIED FEMALE: People need places to live. They need clothes.
They need food. They need shelter. You`re going to have these children
going to school? How are they going there? What -- how are you getting
the kids in the shelters to the schools that they have to go to?

(END VIDEO CLIP)

SCHULTZ: People`s lives definitely disrupted. Recovery efforts are
continuing in the northeast due to the devastating effects of Hurricane
Sandy. At this hour, over two million customers are still without power;
92 deaths have been caused by the storm, including 38 here in the city of
New York.

Damage is widespread and the road to recovery could take a long time
for many communities in the region. There`s no doubt Hurricane Sandy has
many people in need of assistance. They need water, food and clothes,
among other things.

And there`s a number of ways to help. You can visit FEMA.gov and
click on volunteer and donate. There you can find ways to donate to
specific states in need of help. You can also visit RedCross.org and click
on "donate funds" to give to any Red Cross chapter.

Hurricane Sandy has also caused a blood shortage because of blood
drive cancellations. To find out where you can donate blood, visit
RedCrossBlood.org.

Meanwhile, the storm has forced two major New York City hospitals to
evacuate. Backup generators failed at Bellevue Hospital and at NYU Langone
Medical Center. Hundreds of patients had to evacuate, including patients
in critical condition and 20 babies from the intensive care unit.

Doctors described the evacuations as labor intensive and extremely
difficult.

Joining me tonight is a hero, a nurse. Lori Touchette, one of the
hero nurses who helped evacuate premature and sick babies when NYU`s
Langone Hospital lost power during Hurricane Sandy.

Did you kind of -- great to have you with us tonight. Congratulations
on what you did. You`ve done your profession and your life proud in many,
many ways. When this was all unfolding, did you have a sense that it was
going to get as bad as it did?

LORI TOUCHETTE, NYU HOSPITAL NURSE: We initially didn`t. We had made
many preparations to have our nursing staff as well as physicians on site
in order to facilitate the most safe care. But we didn`t have any idea the
extent that the damage would cause.

SCHULTZ: What did you go through, Lori? What happened?

TOUCHETTE: I work on a unit that take care of babies who have had
heart disease or had heart surgery. It`s a congenital cardiovascular care
unit. And we had seven babies who were critical patients who were not able
to be removed from the hospital.

SCHULTZ: Did you think at any time that maybe some of them aren`t
going to make it?

TOUCHETTE: There was never a point that I thought that. We were all
very nervous and concerned for the safety of our patients. But I really am
so proud of my NYU co-workers, the nurses, nurse practitioners and
physicians. They really came together to ensure that this evacuation was
safe and effective to make all of our patients comfortable.

SCHULTZ: And this was in the darkness of night, in the building?

TOUCHETTE: So there were power to some of the units at this point.
The stairwells were not well lit. There were no lights there. However,
there were volunteers on every floor, as well as ourselves were carrying
flashlights down the stairs in order to make it safe to get down the stairs
with the babies.

SCHULTZ: Have you ever trained for something like this?

TOUCHETTE: We did have an evacuation last year with Hurricane Irene.
But fortunately, in that case we did have elevators. So this was a new
experience for all of us. But I have to say we came together really
nicely.

SCHULTZ: I understand the word circled around the hospital quickly
that the backup generator was getting close.

TOUCHETTE: We actually were so focused on patient care at that point
that there was no way for us to sort of ascertain what was going on in the
rest of the hospital. We were making all measures to ensure that even if
we didn`t have power, that the babies would be safely taken care of. So we
were just really focused on getting the patients safe in the hospital. And
then once we learned we were evacuating, getting the patients out safely.

SCHULTZ: How about the patients that weren`t babies that were moved?
How nervous were they? What were they saying? How were they handling it?

TOUCHETTE: I was really impressed not only by the NYU staff, but by
the NYU patients. And these were all patients that we had made the
determination that weren`t sick -- they were sick enough that they needed
to maintain in the hospital. So these patients were being evacuated in
med-sleds, which are sort of like a little canoe that you put the patient
into and strap them in.

As I was walking up and down the stairs, patients were smiling at me
and thanking me. You know, really, people came together and made the
patients comfortable and were carrying the patients down the stairs.

SCHULTZ: Kind of renews your faith in the human spirit, doesn`t it?

TOUCHETTE: I was beyond impressed with all of my co-workers. It was
a night that I felt just so very proud of nursing, as well as the
profession of medicine in general, that they were able to come together and
accomplish this enormous feat, and do it in a very safe way.

SCHULTZ: And the sick baby. Tell us about that.

TOUCHETTE: I carried down an infant with a physician. The physician
carried the baby. These babies were not able to breathe on their own.
They had a breathing tube in their throat. So I secured the breathing tube
in their throat, as well as provided manual breaths using what`s called an
ambio-bag (ph). It allows us to give air and oxygen into the baby`s lungs.

So the two of us walked in unison down the stairs with me leaning on
the doctor`s shoulders and he --

SCHULTZ: How many floors are we talking?

TOUCHETTE: We`re talking 15 floors, 15 floors with the two of us.

SCHULTZ: That`s amazing. That`s absolutely amazing. You have done
your profession and your life very proud.

TOUCHETTE: Thank you.

SCHULTZ: The country needs to hear this story. Congratulations.

TOUCHETTE: Thank you.

SCHULTZ: Lori, thanks so much for joining us tonight.

TOUCHETTE: Thank you for having me.

SCHULTZ: And a programming night, tomorrow night at 8:00 p.m., the
networks of NBC will air "Hurricane Sandy: Coming Together," a benefit
concert and telethon to aid the victims of the storm. The event will be
hosted by Matt Lauer and headlined by New Jersey natives Bruce Springsteen
and John Bon Jovi and Billy Joel of Long Island also going to be involved.

Money raised from the telethon will benefit the American Red Cross.
Certainly we hope you will tune in. We will be back with you on this
broadcast tomorrow night at 11:00 eastern time.

That`s THE ED SHOW. I`m Ed Schultz. "THE RACHEL MADDOW SHOW" starts
right now. Good evening, Rachel.

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY
BE UPDATED.
END

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