COOPER: Let me go back to something Alex Castellanos has just said. I want to bring Gloria Borger in on it as well.
Alex, did you say that Bill Clinton's speech tonight will reelect President Obama?
CASTELLANOS: If Barack Obama is reelected, I think tonight will be one of the big reasons why. If a Republican convention is a hall full of crazy right-wing lunatics, this is a hall full of crazy left-wing lunatics. And Bill Clinton just gave them all a master class tonight on how to move back to the middle and win an election.
BORGER: Right. Absolutely.
CASTELLANOS: And -- but it comes at a cost. And the cost is this. This party does not belong to Barack Obama now. Daddy Bear is home.
BORGER: That's not true.
CASTELLANOS: No, no. Let me finish. He came home tonight and he said, give the kid another chance. The next four years will be better. This is the new Democrat Party again.
BORGER: Here's the thing about Bill Clinton and what he does so well, which hardly anybody does anymore, is he tells a story. He turned the last four years into a compelling story. Yes, it was wonky, had a lot of numbers, but he explained the $716 billion Medicare stuff better than anybody has said.
CASTELLANOS: It's a brass protection --
(CROSSTALK)
BORGER: And then he said, you know the thing about Paul Ryan is it takes some brass, it takes somebody who did the same thing you do. So he's speaking everybody's language. He takes complex problematic issue and then he did one other thing. To put it all in the context of the big story he said about President Obama, he said, he had it worse than I did. When I came in, we had economic trouble, but he had it worse. And you can't expect him to turn this around as quickly as I did. You've got to have some patience. He's doing the right things.
And people stayed with this speech.
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