Brokaw played a clip from Obama’s Saturday YouTube address, in which the President-elect plans to have ready a two-year plan to make work, which he will sign after he takes office. Brokaw asked Daley if this was an FDR-like make work plan, with infrastructure and whatnot. Daley said that there will be a combination of infrastructure projects and a “host of other things.” (We don’t know what.) He said that once Obama has the economy on track short term, he will begin to work on the longer term in “Ten or Eleven.” (The integers signify the years 2010 and 2011, I assume.)

Brokaw asked Baker, in Texas, if the GOP was ready to go along with a “massive public stimulation program that is directed by the government.” Baker answered that it depends on what is in it. He said that he didn’t think Congressional Republicans would accept a plan with the infrastructure improvements as its centerpiece.

Daley said that it was “more likely than not” that Obama lets the Bush tax cuts expire in 2010 rather than repeal them next year.

Baker advised Bush and Obama to sit down together and address the “stability of our financial system.” Is there something they can do together? This, he said, would do a lot to restore confidence. Brokaw allowed that Team Obama does not want to get anywhere near to the failed Bush policies, but he asked Daley if Baker’s proposal wouldn’t be a good idea. Daley praised the transition efforts of President Bush, calling them “the best we’ve seen.”

Daley forecast that as Obama assembles his economic team, we will begin to see a return of confidence in our financial markets. Baker agreed that naming the team worked “for a day or two,” but he is concerned that it will not do so in the longer term.

LIEBERMAN ON MTP. Independent Democrat Senator Joe Lieberman of Connecticut was Brokaw’s next guest on MTP. Lieberman is encouraged by what Senator Obama had to say on YouTube yesterday. He’s concerned that we are “between Presidents” as the economy continues to “cycle down.” He wants Bush, Obama, and the leadership; of Congress to agree on a short-term stimulus to be enacted “just after the first of the year.” He called on President Bush to “take the lead.” Lieberman also figures that Bush and Paulson have enough authority to handle the financial institutions.

Brokaw then turned to Lieberman’s apostasy. He played a clip from Lieberman stating on MTP in August that he would not use his RNC speech to attack Obama. Then, with a haughty air about him which we never saw in Tim Russert, Brokaw played a clip form that speech in which Lieberman called Obama a “talented and gifted man” who could do great things in the future, adding that “eloquence is no substitute for a record.” Brokaw declared that Lieberman had there proclaimed that Obama was not qualified to be President. (He didn’t.) Lieberman replied that he had said that Obama was “less qualified than John McCain,” but he’d complimented him. Lieberman said that speech was for independents and Democrats. Brokaw sneered: “Oh, but come on, Senator, with all due respect, you were speaking at the Republican National Convention.” The derision in his voice permeated his demeanor. Lieberman corrected him, explaining that the Republicans there had already made up their minds. He was explaining to the others why he had made his choice.

Brokaw played a clip of Lieberman complimenting Governor Sarah Palin in his convention speech, and asked, with disrespect and derision again dripping from his aging lips: “Do you honestly believe that she was more qualified that you… or your friend Joe Biden?” Lieberman responded by sarcastically thanking Brokaw for playing the clip and pointing out that he supported McCain back in December of ’07. This is a tacit way of saying that he was trapped into supporting Governor Palin. Lieberman seems to buy into the childish Tina Fey-David Frum school of thought on Governor Palin.

Lieberman said that all that is the past (He didn’t mean it?) and he’s looking forward to the future.

GOOLSBY ON FTN. On CBS’ Face the Nation, host Bob Schieffer’s first guest was Obama economic advisor Austen Goolsby.

Goolsby said that he doesn’t know if he’d be a part of the Obama Administration, but Geithner and Summers are big names. He said that the stimulus package must be huge enough to “startle the thing into submission,” though he wouldn’t give a figure. He accused the Bush Administration of “dithering.”

Goolsby said that the stimulus would be bigger than the $175-billion Obama had promised while campaigning.

Goolsby said that the goal of this is an economic recovery package which will take effect in the next two year period, not per se building roads and infrastructure.

Goolsby said that he doesn’t know if the Bush tax cuts will be repealed in ’09 or left to die in ’10.

Goolsby said that “an overall tax cut strikes me as important.”

Goolsby took Schieffer’s bait and characterized this as “a dangerous time.” He complained of this “awkward Constitutional phase” between the lame duck Bush and the promise of Obama.

Schieffer suggested that Bush and Obama do something together, but Goolsby said that Bush wasn’t interested.

Schieffer asked if anything the Bush Administration has worked. Goolsby laughed and asked if he meant on the economy or anything . The economy. Goolsby said that the tax cuts helped the middle class somewhat but not enough.

Goolsby complained that companies couldn’t restructure because there was no credit. Goolsby said that the government could serve as “bridge financing” for the restructuring, but that they can’t give corporations an “allowance.”

NANCY ON FTN. Schieffer’s next guest was Nancy. Schieffer asked her if the Big Three automakers “deserved to be saved.” In a taped interview, Nancy expressed dissatisfaction with the execs of the Big Three and demanded a plan from them. Schieffer compared CEO compensation for the automakers, and Nancy demanded “accountability.” This is the sort of thing she expects to see in this plan she wants, as well as what they are doing to innovate.

She says of Detroit, “We want to be their partners going forward.” At some point, she said, Congress may have to fire the execs of the Big Three. She was upset that some auto execs earn more money in one year than some people make in a lifetime.

ROMNEY ON LE. Mitt Romney was host Wolf Blitzer’s guest on CNN’s Late Edition. Romney said that he would support a bailout check only if the Big Three submitted a plan which shows that they can succeed long term. (Nancy’s position.) Romney demanded new management, jettisoning unprofitable divisions, and reasonable wages and benefits for labor, including pensioners. He predicted that the auto industry could survive, but only if the government forced it to restructure.

Besides Chapter 11, Romney suggested an out of court settlement to force restructuring or a government entity which would force them to restructure.

Romney is not willing to let the auto industry die if they do not restructure. He praised their new cars, like the Chevy Malibu and the Ford Mustang. He criticized executive dining rooms.

Blitzer labeled Romney, a “product of the auto industry.” He asked Romney if there were a contradiction between what he said on the campaign and what he’s saying now. Romney said no. He does not, he said, support a “bailout”; rather, he insisted, he supports a “workout.”

Romney is “encouraged” by Geithner and Summers on Obama’s economic team. He is going to let them have some time to put together their own plan.

Wolf quoted Mike Huckabee’s book about the “attitude of disrespect” from Romney and his campaign, and Romney laughed that with the economy failing, no one cares about Huckabee’s complaints. He wants to restore the Republican Party.

GRANHOLM ON LE. Michigan Governor Jenn Granholm, an Obama transition economic advisor, was next up for Blitzer. (Conservative columnist George Will has recommended amending the U.S. Constitution so that the Canadian-born Granholm could serve as President of the United States.)

Granholm pointed out that Romney had back away from the “let them go bankrupt” line he gave to the New York Times last week, but she spent the interview trying to link Romney to what he wrote for the NYT last week. Romney outsmarted her, catching her off guard by flipping at the last minute.

Granholm promised that the Big Three execs will fly commercial next time. Granholm said that we need an auto industry to produce batteries for our electric cars because, right now, all of our batteries are made in Asia.

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That’s the Sunday Morning talking bit.