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State of the Union: Politics or governing?

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    Chris Wallace reacts to Obama address

  • Duration 5:08
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-- President Obama hits the road today beginning a three day campaign swing of key battleground states after delivering his third State of the Union Address to a joint session of congress last night.

The president offering -- sharply populist economic message calling on all Americans to pay their fair share including higher taxes for millionaires.

Requiring US companies to pay a minimum tax for overseas profits.

And the laundry list of initiatives laying the foundation for his 2012 reelection -- take a listen.

We will not settle for our country weren't a shrinking number of people do really well.

While a growing number of Americans barely get by.

Or we can restore an economy where everyone gets a fair shot that everyone does their fair share and every one player by the no American company should be able to avoid paying its fair share of taxes by moving jobs and profits overseas now return.

To be American values of fair play.

And shared responsibility.

Will help.

Protect our people and our -- But it should also guide us as we look to pay down our debt.

And invest in our future.

We need to change our tax code so that people like me an awful lot of members of congress.

Pay our fair share of taxes.

-- is now the anchor of FOX News Sunday Chris Wallace I'm Chris it seemed to me other than the idea of over overhauling the tax code which I don't know seems to -- to have a snowballs chance of passing.

It was kind of a small ball kind of speech not a lot of big big ideas in there.

No I I think that's fair and and you know what since this thing.

I think it was a clever political speech which hit although the right now it's boosting manufacturing speaks to blue collar workers.

Immigration reform comprehensive.

Immigration reform speaks to Hispanics.

Trying to deal with the dysfunction in Washington.

Obviously appealing to independents and as you say the big idea.

About trying to make the tax code.

Ferrer trying to help the middle class and make -- is he's sad that the wealthy pay their fair share.

The interesting thing that was I think it was -- a political speech more involved with helping his campaign that it was a governing document.

-- the big idea the Buffett rule the idea that millionaires.

Should pay at least a 30% tax write and of course that.

Talk about buffet paying -- or lower tax write that -- secretary.

That's not even gonna be in the president's budget and when the White House was asked yesterday they had no idea.

What impact that -- -- on the deficit so again it's his war that it's about politics.

That's about governing a blueprint for the country and yes there were a lot of small for things that was I'd trade unit he created enough financial.

Crimes unit and worker retraining.

The only problem there again is this is year four of the Obama presidency if these -- good ideas.

Why didn't need two of them in -- 12 wins re right I.

Wondered how much he was going to take on the congress in this speech he's been in so many speeches talking about obstructionism.

Primarily by Republicans is who he's referring to in the house.

But then when he tried to tell the senate that they ought to change their rules to require require a simple majority.

For some you know some of the votes that he wants to get through.

Why just cannot had to wonder how that sat with number the senators in the -- Well it that there is some talk in the specific that he was talking about -- and there is some feeling on both sides that is gotten out of control.

Is the use of the filibuster which is to be a fairly rare thing in Washington.

And now it has become kind of standard operating procedure if something -- at all controversial.

It doesn't take 51 votes a simple majority it takes a supermajority.

Of sixty -- and he was saying specifically on judicial nominations.

And on other nominations -- personnel not not Health Care Reform not pieces of legislation.

That they ought to be done without a filibuster and her husband some feeling on both sides because of course -- say the Republicans take over this election.

And on the Democrats will do exactly the same thing if they have more than forty votes.

They will then demand a I filibuster proof majority so.

It would really help both sides and I think there is some feeling on the other hand there are some traditionalists in the senate who say that's what the founding fathers lot of that's what's.

In the constitution because of the idea that you want the senate to be the moderating force the cooling saucer of democracy.

But you know I think the idea -- He was pretty subtle I was -- and did he was gonna bash.

The that that the Republicans in congress the do nothing congress he did at war with a scalpel -- -- Hachette.

But he he got his point across which I think -- to appeal to independents and say.

We need to stop arguing we need to get things done.

On the other hand I'm not sure that is specific agenda is going to be very palatable to Republicans in congress than in about a -- the issue.

Both sides have to be able to reach out now and it was an interest being speech Chris Wallace.

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