Pat Buchanan on Obama: This is a 'Failed' Presidency

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"The way the country is going right now, a lot of people are profoundly concerned. And if you're given a choice between Rick Perry and a new Republican party which is moving in a good direction at least, but you don't like what Perry does, are you going to say, 'let's go four more years with Barack Obama?' That's the problem is that people are going to have to go in there and vote for four more years of what appears to be a failed presidency," Pat Buchanan said on "Morning Joe."