Fox News
Expand
Browse All Video
Watch Live

You're watching...

Washington stares down 'fiscal cliff' crisis

Details

  • Description

    Can we expect gridlock as usual or a new era of compromise?

  • Duration 5:00
  • Date

Clips

Also in this playlist...

Editor's Picks

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Our political panel now John rally is a democratic campaign consultant and president of the media firm Fletcher rally.

And surgical is a Republican strategist and a former spokeswoman for the Republican.

National committee (%expletive) -- Jerry what -- there anything that.

Look I thought it was a very good speech -- he says set up the parameters of what he'd like to do Alan Branch of the president.

And I think the president would be very wise to listen to some minutes at the this is if it is the presidents when there's no question about that congratulations to him.

But it was a very close the popular vote and then ensure that the Obama White House is also remembering two years ago when voters.

Be sent Republicans.

Two into the majority the House of Representatives which made the speaker Boehner the speaker.

Because of these types of issues that the speakers talking about now so both sides will have to compromise.

I don't think there's any question about that the good news for both of them I think -- particular four the president run it that they get started early and when he thirteen and maybe they can get you most of that by the time in mid terms come up.

John.

I'm not really sure what we heard from the speaker and frankly I mean he spoke in such an elliptical way that -- this could be.

The beginning of a new era of bipartisanship -- could be he's exactly the same place he was when he walked away from the table a year ago.

So when you really listen what he talked about he he didn't really seem to take a step forward in terms of what the president wants on tax policy.

But he kind of did so many figure -- that I think maybe this is just the beginning of the dialogue I don't know yet that we are at.

Smoking of the peace pipe and -- buyout between the White House and the speaker it's really hard to Parse what he's just said.

Well I he said some there -- some familiar things there that Republicans.

Does -- seem very when conservatives seem very serious about they say it and they don't want to raise taxes on anybody.

And they use this.

Idea that it's all about small businesses but the president in this office of management budget minute budget -- insisted that.

Really that it is only -- this many small businesses this is mostly about.

People who make a lot of money paying more money whether you for that and are against it doesn't matter to me at all but -- that that's where -- -- part.

Unemployment and -- -- in the speakers somewhat painted into a corner because so many of his members of his caucus.

Have our Tea Party members and -- and they all watch very closely the Indiana's US senate race where Murdoch essentially primary.

Lugar an Indiana and I think so when these tax pledges that they've all taken.

And I wonder what Grover Norquist that thinks of what he's saying he's going to be monitoring things very closely from the taxpayers pledge they've all signed their pain and a corner on no tax pledges.

There is the political bombshell of slashing and burning on Medicare and Social Security which is kind of the thing that he.

Talked about a lot.

And then there's the other piece of it which is -- a showdown with the president usually doesn't work for congress I mean he can still pistol -- them with a big microphone that is.

The presidential office and he has the big microphone and when it comes to this -- -- I don't.

What more gridlock I don't think necessarily benefits the speaker.

I didn't ask her -- I heard nothing in that speech that indicated gridlock he's talking about closing some of the loopholes that's gonna hurt a lot of people on the right -- both sides are gonna have to compromise the president's going to have to compromise on Tyler it would.

Entitlement reform.

And he's going to have to take very seriously the fact that.

Half the country probably more than half the country is not with him on race in the tax rates but they'll go along -- and they won't like it but they'll go along with closing some -- -- -- yet.

-- the -- will go on the road and loop hole eight.

In a vacuum he will go along with closing loopholes good flow known titles sounds right to know what I mean a whale -- -- -- didn't even know Syria.

I'm going to do this Jerry.

People are not -- like the closing of the loophole it's a loophole they -- using.

It fits my mortgage interest I don't like get I would vote against it -- -- my income -- that is going to hurt off track yet but no one's gonna be a tour or any of its.

Somebody's got to stand up and tell us.

I don't care if your Ford or not we're about to fall off a cliff the nations in trouble and here's what we're doing but is anybody have.

Have the wherewithal to stand up and tell us what we don't want to hear but what the truth is and that is we must make things I haven't found the person yet well.

That's going to happen I think you'll probably will be incumbent upon speaker Boehner he knows is going to hurt people on the right but he's saying that he'll do it and now we need the president to come to the table if they -- -- same thing even ever -- him with people on the left -- -- -- -- with speaker Boehner said he -- he knows that's going to hurt.

-- his side he set the cranberries a three chopper across the table the president needs to do the same thing and everybody needs to your right series could be right you know that don't mean to get them.

Riled up with a series in this area I -- -- by what is the very -- is so series and nobody wants that loophole cut out nobody wants to pay more.

And we don't want class warfare in area it'll start hearing that language again for the president you know usually when -- -- -- components campaign stuff -- class warfare one.

Now -- is -- now I hope hopefully the rhetoric calms down -- I'm not hold my room from either side it's.

Whenever.

Load More