Compromise, bipartisanship in Obama's second term?
What's next for 'fiscal cliff' issue?
- Duration 4:45
- Date Nov 8, 2012
What's next for 'fiscal cliff' issue?
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There's a mandate yesterday's results it's a mandated.
-- for us to find a way to work together on the solutions.
To the challenges that we all face as a nation.
In the coming weeks and months.
I am looking forward to reaching out and working with the leaders of both parties -- to meet the challenges we can only solve together.
Peace is breaking out all over in Washington so will the president's second term usher in a new era of compromise and bipartisanship.
Let's talk about the possibilities with AB Stoddard associate editor and columnist for the hill.
They're talking a good game they both have I guess motivation.
To be compromising will let.
Oh that's a tricky question chance -- -- I think the president is going to enjoy a few weeks have.
Feeling victorious in in an impressive win.
And the electoral college and he's going to ask the Republicans to -- To his way but everyone knows when they really get down to business after Thanksgiving that Republicans.
Our on our our spoiling for a fight many of them really don't believe that the president was given a mandate to raise taxes.
And they don't want to break with their party orthodoxy and do that so you hear our house speaker John Boehner talking about finding new revenue -- tax reform.
I think they'll get down to something to put off the fiscal -- to put off the sequestration cuts.
But as for the broad outlines -- tax reform I don't think we'll know that for -- -- -- hired an interesting statement from senate majority leader Harry Reid yesterday he said you know you can pushes and pushes and push us and will be accommodating but.
You have to compromise.
As if to say that Republicans or the house members especially the house Republicans.
Are the ones who need to compromise in the upcoming legislative session.
Well I'll tell you house Republicans feel.
Of two minds right now they actually don't want.
To have a middle class tax hike on their shoulders if the president calls the bluff.
And let's all of the tax cuts expire because Republicans wouldn't raise taxes on the top brackets they don't want that on their heads.
-- they think that would be damaging to them politically they're looking at when he fourteen where they wanna take back a majority in the senate.
And consolidate their majority in the house and they don't want to fight that is so devastating it takes them two years to try to recover from -- so.
They're looking to move passes as quickly as possible without compromising their principles but with compromising so that the fiscal -- issue is off.
President Obama doesn't have the leverage she's boasting about -- over because he wants a debt ceiling increase.
All in the same package Republicans won't give it to him -- -- package that appeals to them.
Then there was an interesting line in the piece you wrote and I wanted to share with our viewers you right.
-- what's next question for both parties is painful to Americans voted for more of the status quo.
The same gridlocked team that has failed -- already brought us a credit downgrade.
And has taken us now to the fiscal cliff.
-- says there's a mandate in this election it is pretty much the same bunch of characters we've had in there for the last two years.
It absolutely is save for a few extra democratic senators however.
How -- at the fiscal cliff the world is watching us we have lost our reputation as as a country that problem was solved problems together.
And I really believe that members are getting sick of government on the brink we've been on the brink since April of 2011 and there is that -- -- near default a partial shutdown of the FAA.
The failure of the super committee and now these you know.
Death trap cuts that no one wants to to go through it so the congress has to do something in both parties share.
In in that consensus what we're hoping that.
By Christmas -- by New Year's -- they're gonna do something what about the president though he doesn't have to answer to voters again some say he's going to be free to do whatever he wants and that made you know he may turn a more liberal page.
You know we people -- a debate this all the time whether the president my debated with Charles Krauthammer often you think she's an ideologue and I think he's an ego maniac.
I think the president is invested in a legacy and is looking.
Free from the constraints of another election to do something historic to move pass unpopular Health Care Reform.
And I think he's probably willing to run to the center and do something -- -- Medicare overhaul.
That would do something to balance our books and get us away just a little further back from the fiscal crisis that we're facing head on right now.
Maybe I'm wrong but that would obviously to be the best scenario for both parties to get rid of the fiscal cliff to get us away from a fiscal crisis of the -- -- Parties can move on to their own agenda whether it's immigration reform.
Energy reform education reformer we're happy we're gonna have to put that vote to our viewers ideologue or ego maniac what do you think.
AB Stoddard from the hill AB thank you -- -- -- seeing -- the bat but -- well that's.