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What would a second Obama term look like?

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    Panel debates president's agenda

  • Duration 5:01
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This transcript is automatically generated

But they don't want you to know their plan.

And that's because all of the -- Burton's name prescriptions.

But -- had for the last thirty years.

Have a surplus.

Tried -- -- -- -- -- Try another.

Feel cold coming on.

-- due to tax -- -- of regulation both of them.

That was the president's take Thursday night on the GOP agenda and what Romney Ryan administration.

Would look like so what might a second Obama.

Term bring Dan what we learn about the president's second term agenda.

Nothing nothing whatsoever.

Really right did you just said and this is it more of the same only a little less.

Well more the same.

OK let's put.

In the economic realm more of the same would be more than 800 billion dollar stimulus because a keynesian stimulus is the only economic ideas they have had to be certain -- more teachers hire more teachers spend more money.

That would be very difficult to get through congress but I think on the other side of what he will not talk about is a second term will be an unprecedented.

Exercise of executive authority and power he's going to use the agency's.

To get.

Finish his agenda he's an -- -- Protection agency and the environment.

The independent review board on medical care -- -- good consumer protection agency to regulate financial industry I think this president's done with congress Jason.

And he's going to listen to that to your point about the the stimulus the second stimulus that he wants is there any new revenue to pay for that you'll see in massive push for tax hike.

-- massive -- he wants a new normal for government spending in this country.

Once obviously to complete the enactment of obamacare and -- acquire more government spending going forward at a higher level.

His argument James is that he's been saying this in interviews is that if you go if you reelect me.

Republicans will be chastened and I have no choice but to do a grand budget bargain on my terms which means.

Big tax increase which means fiddling around the edges of entitlements.

And means major defense cuts is that what will likely to see if he does -- Republicans are well.

I think the bad news for voters are for American taxpayers if he wins again is that'd be pressure for a tax increase will become even more intense because interest rates are likely to rise the government is gonna.

-- even -- more.

You you'd be under great pressure to come in with more revenue to pay -- bills and so I I think what you're what you're going to see is intense pressure that tax increase but it's like the movie the producers say if you -- actually got his Buffett rule people find out how little of government would pay for.

And I think that's going to be a problem for him in the second term if he actually -- -- What about the partisanship question Kim remember the president said he would be able to deal with Republicans.

And the second in the first turn he thought I could calm -- that the nastiness of politics that's certainly hasn't happened.

Do we have any reason to believe that's.

His reelection would lead to less fierce.

Nasty ugly partisanship.

No I mean here's -- thing that nobody wants to come front and Barack Obama is reelected.

The chances are that Washington is going to be configured very much the way it is right now are very high.

The Republicans are likely to keep the house they might gain a -- -- in the senate they might even -- -- -- But what ever happens they -- gonna call this a split decision by the voters American -- We have as as much -- backing out there and the country to continue what we've been pushing his deal.

So this is a recipe for more gridlock and some more brinksmanship when it comes at things like these fiscal -- tax hikes and sequestered -- What about education.

And immigration reform the president those are things where Republicans and Democrats do see some common ground president -- -- startled didn't really.

Stress immigration reform at all in the speech talked a little bit about education.

Any hope for for group movement on -- -- Jason.

-- -- On on on immigration yes but of the type of immigration reform that I don't think the Republicans -- -- -- which is more executive Warner.

Decisions doing what he can.

From the White House doing end runs around congress he's poison the well politically for a grand deal by doing that Republicans -- saying my you don't go to summer.

Conference they -- did the biggest chances for some compromise might -- come from education where he is push for charter schools for instance I think you can.

See him continue to do that so I think that that might be one area where you might see some progress I didn't.

I think if you were listening to Joseph Biden and if he was still think the truth.

Expect no compromise he said Barack Obama does not back down.

And so I think we could expect more of the same.

Judging by late with the vice presidents -- so he's gonna push for an even larger tax increase I assume more revenue and -- what is -- don't back down me does that does that what does it what it means an advisor to the Obama campaign told the journal reporter from earlier this week we tried.

Bipartisan ship -- eleven we won't make that mistake again.

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