Regarding Obama's statement that scholarships made it possible for him to become president, Wagner said, "Pell grants breed Obama's. It's not exactly a convincing argument for those on the other side of the coin, but I don't think that President Obama is necessarily speaking to Republicans. I think this is part of his whole new campaign about shared responsibility in terms of the fiscal package he's presented to the American public."
Wagner went on to explain that while polls show support for a tax increase on incomes over $250,000, independents are showing remarkably low approval ratings for Obama.
In terms of the upcoming 2012 election, Wagner said, "He needs to sort of throw them a bone if you will, and really draw some sharp contrasts between his vision for the future and the Republican vision for the future."
WATCH (Wagner speaks at 5:20 in the clip):