03/22/2010 05:12 am ET Updated May 25, 2011

Arianna On 'The Ed Show': Obama Must Offer More Than Words (VIDEO)

President Obama must move beyond rhetoric and acknowledge yesterday's Democratic loss in Massachusetts by making substantive policy and personnel changes, Arianna told Ed Schultz.

During an appearance on The Ed Show Wednesday night, Arianna explained what President Obama must do to reconnect with not only his Democratic base, but also with Independent voters, and Republicans.

She called for Obama to demonstrate his support for Main Street, not Wall Street, by dismantling too-big-to-fail banks, dropping economic adviser Larry Summers, and by scrapping a health care bill that has become a giveaway to big Pharma and insurance companies.

Arianna believes that it's time for President Obama to be "ruthlessly honest" with himself. He's facing a "substance problem," not another communications problem.