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Will Obama be able to reach fiscal agreement with lawmakers?

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    Debate over potential for bipartisan compromise

  • Duration 6:45
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So let's get a fair and balanced debate underway Monica Crowley -- radio talk show host and a Fox News contributor.

-- -- Ganske is a former political advisor New Jersey senator Frank Lautenberg also.

A Fox News contributor he seem to be throwing down the -- there is saying OKMR Obama you clearly won reelection.

Your game your your your -- to put -- on the table.

Yes and he is saying that any increase in tax rates is -- -- slow down the economy and slow down job creation even further than it already is so that the Republicans are not gonna go for that.

He's also saying look it's up to the president to lead in these negotiations you can't have 535.

Members of congress leading the president has to -- out.

We're gonna hear from the president and about an hour and a half of what we -- now hearing John.

Is that the president is going to be moving even further to the left of the receipt used to be the argument well let's raise taxes on the super rich meaning -- making a million dollars -- more.

Then they lowered that to those making over 250000.

Dollars.

The president in about an hour and a half its capital lower that threshold to those making over 200000 dollars -- -- which essentially means the middle class they're coming after you.

-- well.

Look I think and I said this before -- election and I sincerely meant it if Mitt Romney had won the people would have spoken and they would have agreed with the Republican mandate but that's not what happened we had.

-- -- -- -- -- -- Republicans have to understand that the view was rejected their view was rejected and a certain other view which the president had a spouse for the past four years.

Was not rejected you could be -- happy about that but the problem is of Republicans keep obstructing Republicans keep saying no tax rates can go back the Clinton tax rates.

Digging keep doing it and then I keep getting rejected at the polls they need to start compromising your gonna say the presidents to -- but we're gonna reject the mean platform.

That he wants to lead on the what's Selena they're not even come into the -- but -- -- -- we have a you know we have a delighted system of government we have.

We have two houses of the legislature and -- you know John Boehner got reelected then you know it and it really is.

Public and house got reelected when Democrats talk about compromise that usually means.

From their view that the Republican should become more like Democrats that the Republican should move to the center or to the left.

Every time Democrats have got defeated say 2004.

They didn't move closer to the center they didn't move to the right they actually dug in and move further to the left there -- nothing.

That suggests that the Republicans should give up the game on as the Republican House of Representatives is the only -- work we have between ourselves and a complete economic melt.

I don't I will play this George Bush that elects in 2000 Democrats.

Just let him bite my smaller margins -- that out than Barack Obama just it.

Democrats went along with him under some of them on the bush tax cuts they did and we -- bush tax cuts that -- -- some of transported them.

That's the idea of compromise because the electorate had spoken the same thing just happened in reverse.

And Tuesday.

And you guys have to come to the table understand -- -- -- -- obstructing it easy to read about it yet another bush tax -- -- there were two weeks of tax -- 2001 in 2004 with bipartisan support your right and that lead to 54 consecutive months of economic growth and job creation sit there for tax -- on what we know that it may read it led to record deficits that you -- only -- care about when Democrats in the White House and also -- to -- -- minus.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Later is.

Politically you're you're something of a political expert politically is it Smart for John Boehner to say OKMR Obama you know you won the election you need to leave.

We got sending an -- is putting the ball in the president's court and say say come tell us which you -- plan.

You put together a bipartisan commission Bowles Simpson on deficit reduction tax reform entitlement reform.

You blew it off you threw it in the garbage can't argue now willing to to address the serious economic and fiscal issues that this country faces.

By going back to your own commission's plan here and I think if Obama did that and I don't think he will because -- secure leftist ideologues.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Which is we're gonna stick to our position and they're going to stick to their position.

Nothing's gonna get done so both sides and comes in table both studies compromised on Boehner knew he would welcome president will not compromise on key and important for -- actually for home for instance on spend it absolutely Monica not -- the entitlement reform just listening that he apps and tried to do key to -- yeah.

Grand bargain that unfortunately until Eric Cantor and Paul Ryan -- so that's the problem to have somebody who's coming to the table saying president he isn't in the first turn the president was -- -- fundamentally -- serious about deficit reduction which is why we have these record for years the million dollar LSI detonates excuse me and -- was fundamentally -- serious about tackling entitlement reform.

And there's nothing in his in his background or history or character to suggest that will be different.

In a second trial I don't know I may be I have amnesia but I don't think so but I remember that he came to the table -- -- grand bargain.

Went to the table and said I will actually negotiate on deficit reduction.

By addressing entitlements which is anathema for a lot of Democrats and he got blown -- Not having enough because then at the end he pulled the rug out from Boehner wanted to raise taxes well not yeah that's one way without coming to the table -- summing -- number the president Republican easing slightly in -- all the fitting given something new.

Usually is done I'm gonna go.

Over and tell on the other set yeah you can continue to -- -- seriously.

But -- the speaker of the house just said we cannot continue to spend a trillion dollars a year more than we are taking -- -- to agree on that.

-- absolutely let's see some serious spending restraint and and spending reform from the allegedly talks about that the Clinton tax rates may -- Boehner should call Obama's bluff and say OK you wanna go back to the Clinton tax rates which means raising the rate on the highest heard.

Terrific then we must go back to the Clinton -- spending levels how about that what I'm I don't think the president will go for that you -- silly but all -- you know -- that's a great negotiations starting point and I think of the united agree about the two of them tennis well wow peace is breaking out all over.

-- against the Monica Crowley thank you go.

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