Economic shake ups at the White House

>>> now let's get some rapid-fire response from our panel on these stories. majority leader harry reid beat tea partier sharron angle . we were there below it happened and now he says the tea party movement is just going to disappear. president obama is reaching out to big business for his inner circle and some liberals not too happy about it. pretty curious about it as well. today he picked another person with wall street ties. and rudy giuliani reportedly says, a far right candidate could help him win the presidency. with us tonight joe madison , xm satellite radio talk show host . and heidi harris , conservative radio talk show host from las vegas . great to have both of you tonight. this is coming up sunday with david gregory "meet the press." this is what her ay reid says about the tea partiers, here it?

>> you ran against sharron angle . tough race for election and you prevailed. she was tea party -backed a tea party candidate, certainly made a lot of headlines around the country. do she and others as part of this tea party represent a lasting force in american politics ?

>> the tea party was born because of the economy. the economy is probably the worst its ever been except for maybe the great depression. the tea party will disappear as soon as the economy gets better and the economy's getting better all of the time.

>> heidi , what about that?

>> well, he may be right about the fact that the tea party started out as you know taxed enough already, it was what it meant. and he may be right that as the economy gets better, people will be less worried about being part of the tea party , but as you also know the tea party members are already warning the newly elected republicans, hey don't forget what you promised about smaller government and lower taxes. so they're going to hold the republicans accountable as much as they hold the democrats accountable. soap i don't want the movement to die because i don't want people to forget about what our politicians should do, which is be responsible to us.

>> what do you think, joe?

>> well, i always say that a moment is not a movement. you want fundamental changes. you don't want transactional change. there's -- was supposed to be this agreement between the tea partiers and the republicans. so heidi is absolutely correct, harry reid is correct. if they can transact and i'm speaking of the democrats, the improvement and people start going back to work -- excuse me, people start going back to work and then reality is, there's no movement. there's no movement and it's over. i think that the other problem they have, they admit, they're leaderless. they don't have leaders. now they've got financial supporters but they've claimed that they're leaderless and most movements don't exist without some type of solid leadership.

>> yeah, joe, what about the president going to wall street to pick up some help this week? gene spurling, his resume, national economic counsel director. national economic adviser for president clinton and worked for goldman sachs and then you've got william daley who is the new chief of staff. clinton commerce department secretary. jpmorgan executive. is this going to fly with the left, what do you think?

>> well, no, it will not fly with the million of the left. ed, i think that we're on the same page on this one. i would love to see in washington, fundamental change, again, not transactional leadership . but let's go to the midwest. let's go to regional bankers, successful community bankers and these are the main street people and i think that's what really, we on the left, want to see. that's the kind of change we want to see. i'm weary of these ivy leaguers.

>> okay, heidi , did the republicans have a bad first week? bob shrum just said that the president's had some good numbers today. what do you think?

>> do they have a good first week i don't know, they're barely getting settled in. i don't know if it was necessarily a good or a bad week. the democrats have attacked them on day one, so, so far about bipartisan that everyone was talking about. i hope that they hold to the principles that they suppose lead got elected on.

>> he doesn't even know what to cut.

>> hey, ed they, just spent -- they've just spent $1.2 million reading the -- oh i'm sorry, a version of the constitution. two, you had two congressmen, now two congressmen who tried to get sworn-in telegraphically. i mean, yeah, they had a bad week and their leader couldn't answer a basic question. and you just heard a democrat give a whole laundry list of things that ought to be cut, and i'm hoping he can get bipartisan support.

>> joe madison , heidi harris , great to have you with us tonight. thanks for joining me