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With a Hannity cable exclusive Bob -- Bob Woodward is the author of a brand new book that has all of Washington talking which as usual practice.
It's called the price of politics and it takes you the reader behind closed doors.
It turned into the god negotiating rooms of the capital in the White House and it exposes how the president tried but ultimately failed to restore the American economy.
-- this book raises some very serious questions about the president's ability to look beyond politics and lead the nation during times of great consequence.
And here to talk about that much more is the man himself the author of the price of politics available bookstores everywhere.
Associate editor of the Washington Post.
A -- is back are you good to see thinking I read the book cover to cover.
I want every American read at the -- for this reason and it should make everybody angry at the level of dysfunction.
At a time we used say the American people never had any real knowledge.
Of just how severe this was.
-- I mean it was the kind of crisis that took.
The country's economy to the -- President Obama when I interviewed him for the book said they were -- away from having five billion dollars in the US treasury.
Now that's half the days.
If you think about it to let that happen not just the president took the Republicans.
Send it could have sent shock waves through.
The country could have done things to the American economy that Tim Geithner the Treasury Secretary said would have been worse than than 1930s.
Hey I mean it's so dysfunctional it's far worse than we ever said.
Here's what's what really bothers me in all of this.
You know we have 25 million on an underemployed Americans right now one in six Americans Bob and and poverty.
49 million Americans.
On food stamps in this country where where was really the it and -- for nearly six trillion at the end of Obama's first term in new debt.
This is not a game anymore.
This what this is about as serious a crisis -- I think we've faced since the great depression and getting worse.
And this was last year and they fixed it by postponing it appears everything no cuts no -- increases no.
And sensible alignment of the federal budget in so we are going to in December -- January be back in the same mess.
And the federal government is going to be in the position where there's no congressional authorization.
To pay its bills now this is you well know this is -- Federal government that borrows a trillion dollars a year.
We have got I -- -- more in the book -- he went through it it's Tim Geithner to his credit who's running around saying I hear we have got to fix this.
We are going to do.
Potentially something that will be indelible.
And last for generations it's gonna screw up everything everything when you get into the details you realize.
That it could have been fixed.
Quite frankly I think Bill Clinton or Ronald Reagan would have -- down and said we can't let this -- Legal and -- detail in the book about that how Ronald Reagan member of the you'd I don't know if you mentioned Tip O'Neill but he talked about his liaisons to congress.
And and both he and Bill Clinton on the phone late at night and relationships with members of congress that's about the case -- President Obama -- -- and indeed it's nothing you know the White House was saying no this is so my conclusion.
It's in the book it's Larry Summers.
Who was the economics are for Obama in the White House for the first two years and Summers says.
Obama has no feeling for the game of politics no sense of the joy of the game and in fact does not like these people.
-- in congress and so.
He's cut off he's not got the sort of phone call relationship.
Personal relationship -- can.
Call somebody up and say look let's let's do this let's -- Let's do a deal within the larger interest to the holes on the report on the brink -- there are gonna have what five billion in the in the treasury which is billion -- -- 1000000000005 billion Mosul basically out of money.
Yes dry Debra hi -- finished.
All right so -- that will brighten up to the brink here the president doesn't have a good relationship with congress.
Behind the scenes you describe him meeting with us the speaker of the house John Boehner the nickel retton Murillo cigarettes summit whatever he has because Boehner said you know -- hear -- Bob -- is giving iced tea and curing -- correct.
And of course Boehner is having -- low in the cigarette and I -- so that but they'd they'd -- trying to get this.
-- together the two have to their credit to their -- I will agree with I guess to their credit.
Except I wouldn't like that as a conservative.
Because -- was agreeing to do something that the Tea Party would have had a fit about which is.
Raising what 800 billion dollars in taxes and an Obama comes back once 400 billion more at the last minute yes and of course.
-- is argument is that it's 800 billion over ten years in new revenue through -- reform which of course is what Ronald Reagan did didn't 1986.
And actually lowered the income tax rate down to 28%.
But it's been done and it was one way to two.
Get out of this but you're absolutely right it's the president comes in and says oh we need.
400 billion more in some form or -- or -- his position is he offered it paid John.
-- the last eight minutes Soledad kind of at the last minute and when you get into the nitty gritty details.
Wonder well why would he do that he did it because six senators came out with a new plan in David -- Who is this senior political advisor in the White House the man who was Obama's 2008 campaign manager says -- wait a minute this is a watershed moment.
This will give.
Boehner more maneuvering room -- some Republicans who calling for more.
Revenue and the congressional liaison in the White House tells the president look if you don't do this you are going to be.
Scene is the weakest president in all of mankind.
Came in in that kind of environment the president impulsively goes out endorses.
The plane and and Boehner.
Is trying to -- the go ahead.
Don't infuriated me as as all this is going on as you describe in the book the president's vacation.
On one issue that this can't come up again before the election.
Actually think the one thing that might have helped if it did come up before the election because that it would be self serving at that moment that they might have the pressure.
Of getting something done and I thought that bothered me that it was used thinking about electoral politics -- about on the brink of bankruptcy.
-- well that's one side of the argument the other side of the argument is.
Can you imagine having this kind of a crisis in the middle of the presidential campaign.
Might get something done well but you know -- -- Linda last year getting something done was postponing everything to 2000.
Thirteen they did nothing -- this painful.
At that time it in -- that's the story here for the American people they didn't have the courage the ability to navigate through these tough times and they pushed it all up to -- thirteen and you know what the CBO's projecting a very bad year next year I've risk that government which.
Yeah BA did recession it's that the most.
Predictable economic crisis we've ever had yet fascinating insights about Orion from his early stays in congress and ask.
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