There's no smarter politician out there than Bill Clinton.

When the Republicans controlled the House from 1994 -2006, Democrats like Nancy Pelosi, Barney Frank, Henry Waxman Charlie Rangel, John Conyers and Rahm Emanuel weren't saying we need to move right to win. They stuck to their philosophy. And they fought against Reagan and they fought against the Bushes. And eventually they did win.

I am not predicting here that Obama will fail like Jimmy Carter. What I am predicting is the Republican Party is not extinct and will after a period of time become a strong opposition party.

One of the reasons a strategist never sits in a stadium and gets caught up in the crowds - and never sits watching a debate in person - is because the vast majority of American voters watch these political events on television.

I think to a certain extent, Clinton may have expected as the senior president that Obama would've reached out to him and asked for his council; he's done that very little. So, I think the relationship has not been good over the years.

The American economy is driven by small business. And there's nothing basically to create incentives for small businesses. We've done no tax reform. They're the highest-taxed group in the country. And corporations can go anywhere they want and do whatever they want. Small businesses have to stay.

There's no smarter politician out there than Bill Clinton.