George W. Bush's former campaign director appeared on NBC Sunday to defend his record on the economy. According to Karen Hughes, Bush rescued the economy from collapse.

Speaking about President Barack Obama's successes, Mark Halperin praised the current president's handling of the economy. "I think an extraordinary job as John said under difficult circumstances. He managed the economic crisis, kept the world from going into depression," said Halperin.

But Hughes quickly took objection to Halperin's assessment. "I have to disagree with you, Mark, about rescuing the economy," she said. "I think that happened before President Bush left office when they took the action that they did on TARP."