so often apologist for president obama will say
but checking on the stand
it has nothing to do with these negotiating republicans yes economize
don't guess compromise
uh... i guess compromise with which in now go ahead
would believe in a black and white world will you never compromise maybe a
republican right
the question is
in the compromise
i mean sometimes i'm amazed at the shallow in this in the conversation in
washington d_c_
when it come see the politicians or reporters
acrylic
i guess the liberals or against compromise
with palace a compromise
but as the compromise with you what
she says are you know what i what you want to happen or our tv on wednesday
and i will controlled television the wrestling
so you're going to watch football you know what jamie a lightness was rhino
you don't want your gun shows
ordered by the end of it happening or was it
as a compromise
gaza if your
what you're not in favor compromise
what's is
compromise that's the question come on how stupid in ubi
okay so
what should be out in accomplice
so look
when it comes to that
bush tax cuts for the rich
off the table
if i would be a fun would present all the progress of mom and deal with the
republicans
now why is it off the table other things on a compromise on but i'm a compromise
on that what and win a whole lakshmana
besides which i don't know anything
those tax cuts inspire r_j_r_ fast
of twenty thirteen that's a six weeks
so rebuttal is cut it all when i think i was like that bell
six weeks from now they expire
what do you do that
i win you lose
all bug in the middle class tax cut expired two de soto bombing is an excuse
all the time
their colleagues using man
all right on january second i put together a bill
i have harried introduce it in the senate that says
i'm gonna give a tax cut the ninety percent
okay never holds your vote against it
all
be mine
gaps
how did hogs
morning as ninety percent of entry
what is a middle-class tax cut golf course
be my guess
they're not gonna vote against that and i think it would be a good and kids
watered in twenty four d
okay so
it's thick
easiest window wall that was a leg
but that doesn't mean or come by sears was on the tape
so how much are we going to increase taxes on capital gains dividend income
carried interest
estate tax corporate taxes
no course obama's going the reverse direction
he's actually cut corporate taxes
but i would say but he says oh we're doing loopholes and deductions here's
what i've said
you know your you're right
bainer and all those kids gate we are going to wear loopholes and deductions
but no word on it
cut corporate taxes weren't at the same right
opa-locka
that what can i work
and uh... on capital gains of ideas you go back and the third nine point six he
should be chars like for the top bracket like anything else dividend same thing
carriages what a joke
i system loophole for that people like that run in private equity
but those are all going back up
doesn't have to go back of the thirty nine point six
well that's where you have a opposing party
then you can negotiate
by one graham of internet was every other fifty percent
don't get right
let's negotiate kid at the lower could be twenty five thirty thirty
yet that's where you have compromise okay
no i'm not gonna come minds on things that have already been resolved
when it comes entitlements
well here's the three things for us all that i would playful
first they come in the room
hi embrace it down
an essay look as ides wanna make it clear
c_e_o_ at the same time before i would like them i say they're ready
you all agree what was there are a is always right
i mean whatever i do they do you guys was iran or iraq or iran is eric to is
right in asl
or zero
i am i really no let me read you there are a national isn't always talking
on on the race your sicily all there are areas right
are let me show you a ring
social security has nothing to do with the deficit
social security is totally funded by the payroll tax levied on employer and
employee
nothing to do with the deficit
so ronald reagan did resides in ukraine i certainly agree the source code is
off the table
now how about medicare medicaid
now i remember somebody ran a campaign
on cutting medicare
and i think you would say quite often
use of the p uh... i'd believe candidate
on the republican ticket but inst
uh... idea was considered the being idea on the republican side
wesat at random
super summer time accounts or security
converting medicare into a defined contribution for about a system
that's a bit back and he will set
no we're not going to do your dumbass idea turning medicare into a voucher
overwhelmingly reject the you know what happened which is an election about it
an answer was
how about your medicaid idealists an attorney
what we're trying to do here
is couple medicaid reforms of food stand reforms housing assistance reforms
education reforms for drug training we're trying to couple these things
begged sending them back to the states and block grants
so we just had an election about
whether we're gonna turn medicare into a veteran medicaid into block grants
an american people said no so that is now off the table because they're
american people have spoken
i mean compromise on other spending cuts
and got it wouldn't hurt to cut the pensions of federal employees etcetera
etcetera
and it's a bad idea for the economy but
i would just get to make a decision spy know that there's going to some degree
compromise
when he comes the ratios president mama keeps writing about
i wanna do three times as many spending cuts three dollars a spending cuts for
every dollar of
tax increases
so that's his former right
but that was before the election
here would be my formula
after the election
one dollar in spending cuts
for three dollars in tax increases
that's the new for me you know why
because we just had an election
and that's what the american people voted for
you don't like it
well you know what my two helped
is if you won the election
what i think with just one two three
says i'm not actually in these negotiations i can tell you
that that would be my starting point
so that you can finally have a prison obama claims he wants
at balanced approach
you give me ten dollars in tax increases unlimited dollars in spending cuts
then we can have a real conversation
what present all mom is offering is not a real conversation
he is giving them three times as many things is we're getting in return
that one
trillion dollars in the tax increases
would happen if we did absolutely nothing in six weeks that's not a
compromise
that's giving them everything they want
even after you won the election
and then throwing in the custom medicare and medicaid on top
pricing on the cake event
throwing corporate tax cuts
and then say
hey you know what maybe we won't even stick to our guns
on raising taxes on people making over two hundred fifty thousand dollar
betting compromise that's a capitulation and it's not because president obama's
week
he just ran an incredibly strong campaign
when it was his ass on the line
now it's because president ovr month
wants the same result as republicans
as we showed yesterday his top advisors willis reed
said there
interest or aligned
let me go to lee brody from cnbc
he wrote an article
and said the plan presented by romney and embraced by the g_o_p_
decapitations appears to be gaining traction
despite romney's law
so here we go again
it doesn't matter who wins they already had a plan
the oligarchy had a plan
an avenue that plan no matter what
larry cudlow is quote in that article
and he says
without any shame or conscience
i really hope obama buys intimates plan
well i guess you do hope that don't you
now larry cudlow courses right winger
represent of the rich on cnbc
but you're saying okay these are just guys wishful thinking on cnbc
well then let's go to kent conrad
he's not just a democrat he's the chairman
of the budget committee
on the senate side
about the mit romney plan
let's just say
is a renewed interest
and that's how this game is played
they pretend to be progressive during the elections
but once thats over
you're gonna get the mit romney plan
anyway
it makes me
physically ill
now my job is to let you know what's happening before it happens
victory everytime
you'll get to see whether i'm right or wrong
and i'm not making this stuff up
i told kent conrad to say hey he's reconsidering the mit romney plan
he said it
you think i told jay carney think about hey lowered adjusting the rates on two
olympic devall sand dollars and bring them up no he said it
he said we're open to did i put these words and i'll bomb a stop now
my job just interpret what they're saying
if you think that they're not gonna screw you
good luck to you
but you're wrong