Rep. King: G-20 meetings 'pretty much nonproductive," says U.S. has to get 'our own house in shape' economically

This morning on "Starting Point with Soledad O'Brien," Rep. Peter King (R-NY) weighs in on the G-20 meetings, explaining why 'it's vital' that President Obama work with European countries to shore up the world economy.

"The global economy is a factor but we also have to get our own house in shape," King says. "The fact is that I believe the president's policies such as the stimulus, such as Obamacare, have not helped the economy. I believe we have to do more as far as controlling spending. We should not be increasing taxes. And I think the American people are looking also for a sense of confidence in the executive. Right now, I would say one of the problems that the president has with the overall economy is that people do not have faith in him or the direction which he is taking the country."

King adds, "Obviously, what happens in Europe and Asia, particularly in Europe, is important to us. But we can't just blame it all on Europe, the way the president tried to blame it all on George Bush for the last three years."

Rep. King also weighs in on Attorney General Eric Holder's possible contempt hearing before Congress today for not handing over "Fast and Furious" program documents, and addresses the hostage standoff in France.