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Guest: Senator Frank Lautenberg

By The Ed Show, The Ed Show - May 21, 2012

Guests: Frank Lautenberg, Randy Johnson, State Sen. Katherine Clark, Dr. James Peterson, Caroline Heldman, Jimmy Williams, Michael Harrison

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

Newark Mayor Cory Booker says President Obama`s attacks on private equity make him sick. Tonight, I`ll give him a dose of his own medicine.

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

(BEGIN VIDEOTAPE)

MAYOR CORY BOOKER (D), NEWARK, NJ: This kind of stuff is nauseating to me on both sides. It`s nauseating to the American public. Enough is enough. Stop attacking private equity.

SCHULTZ (voice-over): President Obama is firing back at liberal criticism of his Bain attacks.

BARACK OBAMA, PRESIDENT OF THE UNITED STATES: This issue is not a, quote, "distraction". This is part of the debate that we`re going to be having in this election campaign.

SCHULTZ: Senator Frank Lautenberg is here with reaction.

Plus, a victim of Romney`s vulture capitalism will tell Mayor Booker what`s really nauseating.

The fighting Irish are fighting the contraception mandate. The NAACP says gay marriage is a civil right. Tonight, our panel will react.

Rush Limbaugh`s tanking in the ratings, thanks to the Sandra Fluke fire storm.

RUSH LIMBAUGH, RADIO TALK SHOW HOST: What did I say? I said if we`re paying for this it makes these women sluts.

SCHULTZ: Michael Harrison of "Talkers" magazine on what it means for America.

And Scott Walker might be headed back to Capitol Hill to explain his divide and conquer bombshell.

UNIDENTIFIED MALE: You never had a conversation?

GOV. SCOTT WALKER (R), WISCONSIN: No.

SCHULTZ: We`ll have the latest from Wisconsin.

(END VIDEOTAPE)

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

The Obama campaign -- well, they were ready to take on Mitt Romney`s record as CEO of Bain Capital this week. But Obama supporter, at least we think he`s a supporter, Cory Booker, changed the game when he said this about the campaign`s Bain strategy on "Meet the Press".

(BEGIN VIDEO CLIP)

BOOKER: This kind of stuff is nauseating to me on both sides. It`s nauseating to the American public. Enough is enough. Stop attacking private equity. Stop attacking Jeremy Wright.

This stuff has got to stop because what it does is it undermines, to me, what this country should be focused on. It`s a distraction from the real issues. It`s either going to be a small campaign about this crap or it`s going to be a big campaign in my opinion about the issues that American public cares about.

(END VIDEO CLIP)

SCHULTZ: President Obama responded to the mayor`s reaction in Chicago this afternoon.

(BEGIN VIDEO CLIP)

OBAMA: This issue is not a, quote, "distraction". This is part of the debate that we`re going to be having in this election campaign about how do we create an economy where everybody, from top to bottom, folks on Wall Street and folks on Main Street have a shot at success.

(END VIDEO CLIP)

SCHULTZ: Booker has tried to walk back his comments. He posted a video on YouTube explaining what he really meant.

(BEGIN VIDEO CLIP)

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