Power Play: Debt Debate Winners and Losers
Analysis of the winners and losers in the debt debate in the first segment of Power Play Live
- Duration 9:26
- Date Aug 2, 2011
Analysis of the winners and losers in the debt debate in the first segment of Power Play Live
Also in this playlist...
This transcript is automatically generated
I always get used to being called names you know racists and I -- -- years of violence -- being accused of things we have nothing to do it but I suppose is a bit more appalling to have been called back.
Acting like terrorists today from.
The heat who was second in command of the most powerful office.
In the world -- it's quite appalling and certainly.
Proves how out of touch this White House it is.
That was Sarah Palin on the record with Greta Van Susteren reacting to reports that Vice President Biden -- refer to Tea Party members as acting like terrorists.
And demonstrating that on the most bipartisan day in Washington in recent memory it's not all it's cracked up to -- And this is power play I'm Chris Farrell thanks very much for being with us -- -- we're glad to have you here.
And we are particularly glad today.
To have with us to people who can break down left and right Republican and Democrat how things really work in the United States senate.
As we prepare for this.
Depending on how you look at -- historic or meaningless vote in the United States senate on a debt ceiling increase.
Here we have Sherlund horribly -- bond she is a Republican strategist she's the former senior counsel to the Senate Judiciary Committee she's former spokeswoman for the Republican National Committee.
Here is any -- she's a former senior advisor to hear you -- she's a former executive director.
The Democratic Governors Association she's a democratic strategist and you guys have long introductions -- -- yeah.
Okay so ladies and we ended up at a point where.
The senate is does with the senate does best.
The music -- and passions of democracy.
-- -- -- how did we end up where we are right now.
Well let me just first put it out there that you know the senate -- passed -- Frank manner required to pass a budget and I think part of that reason not honesty and I'm sure that penny -- timing here is that I don't think.
Harry Reid had the votes for his caucus because he's got.
Claire McCaskill on one hand.
Who is facing reelection and -- let me introduce Joseph mansion -- very clearly He He is the key indicator He was the candidate who ran away from Obama shop it around us and when we were -- shooting legislation that's.
That's right and then on the other hand you have Chuck Schumer our Barbara -- some of the more liberal.
Element of his caucus so.
Through all this -- -- you have the president the administration that did not put forth budget.
He also -- the senate didn't much.
So the only people who.
Who put their cards on the table where the house Republicans -- So that's kind of how we all ended up is -- handle this bill that the house Republicans put forth.
Then we start to negotiate from that point right.
And this is what we've got now house's -- -- But -- acknowledge you would acknowledge I'm sure.
That it's a lot harder to wrangle votes in the senate that it it.
I would actually agree but I also maintain having both of us worked in the senate that it is.
That's apparently isn't to put forth allegedly assassinated as anything else I think that two different things that we're talking about is the -- in recent days which is separate and apart on the excellent and I bet you were renegotiated and it still has it at time clock on September 30 and we were debating that's actually what has been spent in the past -- what past.
Congresses have spent -- past congresses haven't Mercury and whether or not the full faith and credit being -- the states.
She'd be -- to all the gators should be obligated to those debts so that was what we were debating and as much as.
Everywhere I like to say Harry Reid holds all the cards the truth of the matter is He doesn't have sixty votes in now.
Because Mitch McConnell and his leadership in his.
Leadership -- just saying absolutely -- -- everything coming down the pike.
Sixty votes is the new fifty here and so you don't have the sixty vote majority under the new fifty before -- -- -- that -- if He has been in recent times -- mean there has been more filibusters under Mitch McConnell as minority leader than there ever has been.
-- combined able minority leaders combined so he's been -- There's no doubt about it tactic that He has chosen to -- so.
So -- -- as people as they -- the you know this is all Mary snow -- it didn't we should be collectively what happened here at the end I would hope would go -- Going forward and that is.
Coming together finding a compromise and putting forth that legislation I would hope the next time around it comes a little bit sooner than milk mint last minute midnight you know.
-- designing building perhaps you've seen -- also likely to get that we are coming down to the wire because.
The Democrats in the president let's come down to the wire because now you remember you hey if you remember we got our republic if you remember -- -- -- home.
House Republicans McCain Dana don't want that knocked out of the conference that it was what was there any other way was Franchitti walked -- yeah.
-- -- -- -- -- go and I'm Meg Ryan will only.
Please I'm afraid I'm okay you're -- me.
I guess what I've what I've want to know as.
Is this thing.
-- dead certain to pass today this thing is this thing is going through what kind of -- that I was surprised by the big margin in the house right it went through with 95 I think democratic votes lots of margin for error are we gonna see a similar thing today.
I think at this point you pitch to -- -- done yet and nobody literally were all there sort of like holding their nose and passing it down.
There are several Republicans who are innocent and that are not happy with it and they're not happy with the defense -- so.
It may -- -- for president on the left right around the Democrats -- so close that I we've got people who are not stance I.
And this is where you find -- Scott Brown Joseph mansion yeah.
-- what the senate can do is asking it to.
Which is that there is always that sort of moderate caucus and -- and it.
There is guys like to get together and basically it's red state Democrat blue state Republicans yes come together because they represented -- states and not -- districts that are ideologically concentrated.
The question is.
After this is done.
Looks like He -- pretty fast one on everybody not just Democrats but -- conservative Republicans in the house.
-- -- we will never accept Mitch -- deal under any circumstance we will pound the table with great ferocity track and Airset.
The senator from Kentucky -- waiting to -- And go to He isn't the -- -- -- that the president got what He wanted which was to get through the 2012 reelection.
And without having to do it again.
And so that was a concession that Mitch McConnell had to agree to that He got in the house Boehner got his -- to which was further costs and with the president headline which was a clean bill.
So everybody there was a little something for everybody in a whole lot for other people that didn't want it -- present -- it is it was what you call democracy into.
Dad dad I wouldn't have read the New York Times yeah I have to say that I was not feeling the -- for President Obama now there -- a lot of yeah I was nominated and yeah.
And I also think that you know we look at who was the loser -- -- who.
Well I think in some ways we've just said.
They're all losing it right -- impossible for anyone in this scenario to -- I think the president looses because.
You know these senators.
And then the congressman they have specific constituents they constituents in district eight constituents in -- state.
Pressed -- -- everyone and it anyway that -- -- the United States from knowing how many analysts still a lot of work his approval ratings that continue to.
Now run as I wrote in the power play today.
Which you can get at foxnews.com back slash politics out of -- -- you love reading it.
Weakness for presidents -- George W.
Bush experience this is cyclical.
It starts happening and then your party starts to doubt you -- people start to walk away from you and then that feeds on itself.
And if you look at bush in 2007 and -- and an eight.
His own party had very substantially distance themselves from him gives us that tee back there every every present eventually every president's stops getting listen to him.
They -- do if they stay in office eight years I promised that by the end -- Hillary is -- Clinton and -- Cuba yes that guy and I heard enough.
The problem for President Obama coming out of this is.
He needs to that we heard the phrase again hard pivot to jobs they have to -- Ahead because it's starting to sound a little -- But.
He has to be able to pull out of this they do rate that banks out of this -- -- -- I actually think that this president development president that we've seen here recently is one of -- -- politicians and -- -- that we had seen come through and that He will.
Be able to put forth -- agenda in which the American people can resonate around so you know these things are cyclical and you -- see some ups and downs there's a long road ahead -- well I looked pretty good pitching and we -- this -- yes we've got nine point two unemployment and virtually little economic growth averaging about one point 9% so.
I'm you know -- I I live in this country too I'm looking forward to seeing him but I -- I yeah.
-- really the same country and that is squared off against we've got to take a break thanks very much for being with us.