Also in this playlist...
This transcript is automatically generated
Similar which is an article in the New York Times today pointing out that obviously whoever's in office for the next administration.
We'll have a lot to deal with economically.
But that that work -- really gonna start.
During that transition period from post election through January when the new president or seeing president.
This -- -- saying if Romney wins the Republicans say they would seek to delay.
The year end deadline for a bipartisan deal -- to a year in order to give mr.
Romney time to flesh out his budget plans and get the Democrats to agree to them.
On the other hand President Obama if he gets another four years in the White House already plans to go right back on the campaign trail in early November.
To build support for his deficit reduction framework.
This is essential both candidates -- the article says.
That they navigate this fiscal cliff and how they navigate that will determine how much political clout and budget -- is this president will have.
How important -- -- you this time Tony in the next two months a year after the election.
In setting the framework for whatever it's gonna happen in the next.
Four years well it's incredibly important -- and because.
Because of the -- that was done.
By this president and all matters related to the budget remember this is the only present American history was never had a budget passed in his entire term in office.
During the debt crisis let's look at what Bob Woodward reported hardly a Republican in fact many believe part of the liberal media elite.
In writing history his recent book the cost of government.
-- laying anecdote after anecdote that.
From Democrats during the debt crisis from people like Chris van Holland the ranking Democrat on budget to Larry Summers who was a key ally of the president.
Who catalog in detail the incompetence.
Lack of leadership lack of vision and lack of ability of this president.
Hammer out a deal Joseph Biden.
According to Bob Woodward talk to Eric Cantor and suggested that it -- -- Joseph Biden.
Leading these negotiations and not the president.
They would have a deal ready because Republicans against the tea party's wishes were willing to include -- -- point five trillion dollars of revenue increases.
For a four trillion dollars -- budget cuts.
This is a president who clearly does not know how to manage government I mean there's no there's no -- There's no evidence that you'll be able to do that with four more years.
Think the Republicans weren't willing to have any increase in revenue they've all's -- -- well that I don't -- Grover Norquist tax plans.
And they've all that really stuck to it I mean I think.
It's interesting in that governor Romney's camp -- as some of these advisors are saying that he would need to.
You know delayed and get some time under his belt to really -- -- -- figure out his plan.
When it's the same group of Republicans who basically have said.
Know President Obama didn't it didn't deserve -- -- just doesn't give him any credit for.
Needing to get a full understanding of just how devastated the economy was after the Bush Administration.
And they've held him to things that his administration was -- during that transition period except.
Instead of really looking that when the full numbers became.
Real fans that difference in the unemployment rate projections that they made after they -- just how dire the situation was.
None of these Republicans have ever said a -- we understand President Obama needed time to really understand.
-- -- -- -- -- drive the economy that's not what the New York Times is saying here what they said is that if Romney wins or Republicans would seek to delay.
The deadline for a bipartisan deal.
Until after -- Romney takes office not that he has time to figure out a plan -- so that so I can't go below its ideological.
I mean -- that you obviously you're still it what with the advent of President Obama losing.
You're still gonna have a lame duck session which congress has to deal with certain issues and I don't think they can deal with -- in any meaningful way when you're gonna have a third of the senate.
And the entire house hopefuls in a different in the rather be reelected for a new term of congress with a new president they have to be given the time to figure I think.
-- -- much longer term solution let's look at bulls since I have actually I have to wrap up there I'm sorry that I guess I won't have a better.
Those awards happening under president Romney had a President Obama who commissioned in the -- That Romney wins hopefully and I believe this would happen Democrats are going to be on the day of his inauguration.
Figuring out how to have basically become a party of no and to break the government.
And that's what got us into -- -- -- -- -- big time will tell up and I admit we're gonna have to under the.
Filter by section