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You can all imagine the sooner we're we're going this fiscal court.
If if despite the election if despite.
Going over the fiscal cliff.
And and what that means for our economy.
That there's too much.
In congress that we can't even agree on -- middle class families tax cut them.
Middle class families are all gonna end -- -- big tax -- And that's going to be a pretty rude shock.
That was President Obama at the White House yesterday his first full scale news conference in many months perhaps since march of memory serves.
I'm James Rosen here in the Fox News Washington bureau sitting in for Chris star Walt on this edition.
Of power play thanks so much for joining us.
So we've -- so much about that the fiscal cliff but it is important remember the fiscal cliff which is this set of tax hikes and and spending cuts that are set to go into automatic effect unless there's a deal reached by congress.
Early next year.
This is not.
The entirety of our economy.
Yes it involves large segments of a tax cuts spending cuts.
But there's still a lot more to.
Our economy there is for example Wall Street.
All -- to different commerce and here to discuss not only the fiscal cliff but also the -- remainder of the US economy.
Joining us from I believe the Russell rotunda on Capitol Hill is a congresswoman Shelley Moore Capitol -- Republican West Virginia can you -- me all right.
I can hear you well thank you.
All right thanks so much for joining us your thoughts first on on what President Obama had to say about the fiscal cliff.
But he seems to believe that he has a mandate from this election.
And that is part of that mandate he should be able to prevail.
On congressional Republicans such as yourself.
To agree to its own mix yes of spending cuts but also raising tax breaks everything that's gonna go.
Well I think what we need to realize is that nobody wants to go off with the school left Republicans -- Democrats that congress president.
I think -- the American people and our economy in general I think we'd have a hard time.
Explaining that and also sustaining that -- and so I would want to prevent that.
At the same time I think the president in his statement talk about stubborn -- -- we don't have -- from him either.
And I think the American people said.
By sending back a Republican House of Representatives we want to have a negotiated settlement here I think the speaker has said.
That he's willing to look a lot of revenue through tax reform and eliminating special interest in the tax code which will generate more revenues.
I've already voted not to raise taxes on anybody and so a lot and a lot of us in the house.
Have I have already made that statement so I think there's -- to be seen I think the president left some openings in his statements I don't welcome that.
And I think that's what you need when you're gonna have a negotiated settlement which is what we'll have by the end of the year -- -- What was one of the openings you saw in the president's statement.
He said he was willing to look at certain things he didn't.
He didn't say it's it -- -- my interpretation keeping in mind I didn't actually CNN live.
Is that you know he he would be willing to look -- revenue raisers that may not be rates as say.
There's -- way to get.
I think he's he's talking about the the tax code.
Now what can we get that done by the end of the year that that's probably pretty unlikely but I think we can get it done with the promise that we would look at that.
And I think there's a lot more openness.
Here now post election because -- sense of fatigue from a lot of people.
But we also have already made statements in the house that we're not gonna raise rates on small business people.
In that in that tax bracket that the president keeps going -- So worried are you telling me in -- congressman that what you see to be the most likely scenario.
He is the kind of short term kicking the can down the road where everyone agrees to -- do something shortly after the first year -- probably.
Nothing's gonna get done that'll.
Be a final settlement of this prior -- the first of the year.
Well I think what -- I think what you'll see up it is say retention of the about the tax rates as they are.
Four year with at the promise that we'll get into looking at all revenues and that could include tax rates.
We will look at all that the tax code itself.
And we'll also look at spending cuts and entitlements.
And make it a Fuller package.
You know we've made these promises before -- -- that by the end of the year but if we don't have those all linked.
I think that's a problem so I think we link them up at the end of the year we extend them rates for a year and then see what happens.
I don't I don't have a crystal ball here.
We can we if you -- this this the -- position on.
Look as you know.
This this the outgoing congress -- rated very poorly by the American people and garnering one of the lowest ratings in history these.
Hands that is many decades in the making it seems to me that kind of dissatisfaction the American people have with their institutions.
I think this was really especially sources.
We -- what happened on the debt ceiling.
And back in 2011 and the way that the president and our congress just couldn't really come to any kind of meaningful agreement genetic disorders.
Use the sequestration.
Gimmick if you will.
Addresses this question inform me as to whether or not our politics in simplest terms congresswoman are so broken.
That it makes any attempt to react immediately dealing with this impossible.
Well I do think that your point about that the debt limit vote last year is this spot on and that's.
We we got to downgrade.
In our credit ratings.
-- we -- we really lost face with the American people and I felt that all through the campaign and I think everybody campaigning felt that.
Are we inexorably broken techno in us United States of America.
We can we can -- full comeback.
And listen to our constituents -- Who really are saying to me and to others I -- get something done move forward if you -- instill your moving back.
And we've been moving back -- and if we're gonna compete globally.
And get confidence back in job creators we've got to make firm decisions but we need a leader in the White House to do that and I.
You know if I might I don't think the president has been leading and I think the speaker through that challenge out to the present at this time.
President -- -- little bit different tone.
Over the last week and so I'm gonna remain optimistic.
Very quickly we only have about thirty seconds you sit on the financial services committee do you have foresee that financial services committee playing some role and hashing this out.
I think our role is to make sure that credit is getting to individuals and businesses to create jobs to make sure that.
The capital is there to.
Buy equipment to expand businesses hire people.
And with the regulatory burden of Dodd-Frank it's been very difficult we're gonna continue to look at that so yes we have a role.
Congresswoman Shelley Moore capital Republican of West Virginia thank you so much for joining us some power play the other host of power play your fellow west Virginian Crist Arnold sends his regrets that he's not here -- to make that connection with the thank you so much for joining us stay tuned -- -- power play we've got -- -- panel of reporters coming up.
And some democratic and Republican strategist you're with power play -- here.
-- have no evidence.
At this point from what I've seen that.
Disclosed that in any way would have had -- negative impact on our national security.
Obviously there's an ongoing investigation.
President Obama really was.
Disingenuous today by saying well.
If I've been told -- Again and that's -- criminal investigation I can be accused of -- well.
Every week Bob Mueller the FBI director -- was with him and -- him on.
Just that very matter criminal investigation such as terrorism.
-- espionage and certainly anything involving a high level.
Official -- of the administration.
Interesting stuff that was President Obama at yesterday's White House news conference and then we heard from Ron Kessler.
The chief Washington correspondent of news Max a reporter who has a broken some important details about the burgeoning Petraeus scandal.
Welcome back to power play I'm James -- sitting in for Chris star Walt and we are joined right now.
By two outstanding commentators and journalists who are going to help us pieced together.
Other Petraeus scandal and its implications Garland Nixon is a progressive radio show host.
He's sitting immediately to my right and Josh Kraushaar is executive editor.
National Journal hotline.
And principally a specialist in congress and and members of congress -- races for congress so just to begin with you we saw a couple of members of congress yesterday.
Sounded the trumpet for will begin beating the drums for some kind of select committee to investigate and Ghazi and probably the related.
Petraeus episode do you see such a committee actually forming it looks very likely especially given the tone and tenor of John McCain and Lindsey Graham's comments yesterday -- -- And he would have thought that there was going to be a a wave of bipartisanship.
In this upcoming administration second term I think -- going to be sorely mistaken and in the tone and the aggressiveness by which McCain was willing to dig into the president.
Raising questions about the veracity of his comments -- At the press conference shows us is going to be dominating the upcoming couple months -- incident into the next congress.
And it's gonna give the president -- headache and he's gonna have to be a little more transparent I think.
In explaining the heartland of what happened in Gaza and when he knew what he -- Garland Nixon do you see the Obama administration resisting these holes for a select committee isn't.
Don't know I don't -- it appears to need that on this that that the Republican members of congress looked at the 9%.
And they thought you know we can probably get this a little bit lower the American people said we want to deal with jobs we want you to deal with the deficit we wanted.
And didn't know all the sudden we go right back to let's talk about being -- and who knew what where when I think think they need to deal with fiscal cliff and I think they're moving in the wrong direction.
And it's gonna come back to haunt him.
And we just had on this program congresswoman Shelley Moore Capitol Hill Republican of West Virginia a member of the financial services committee talking about.
The prospects for some kind of compromise on the fiscal cliff.
And done what she sketched out as a scenario is that we might see some sort of agreement to.
-- the -- in the short term maybe six months or somebody to the next congress.
But with some promises she put it to look -- tax rates.
Do you see the Republicans just looking earnestly tax rates or religious never be in agreement on this.
I think it's going to be tough -- the one thing I'm really surprised.
On his -- how firm Obama stood -- at the press conference about the 250000 dollar rate.
And during that than just a little or or level the level of -- that he had Little League comfort taxation.
A lot of Democrats especially from high income states -- newly elected senator Tim -- Know that embedded in the instance he's you to make 250000 dollars in Virginia in Northern Virginia that it is in some parts of the of them.
The -- the country.
And I'm surprised that there hasn't been a lot of compromise on the notion of raising the number to maybe a half million or million dollars.
It's only -- Chuck Schumer talked about earlier in the year and it's only that there may be some more room for compromise for right now.
I'm surprised at the extent by which -- the president the White House and Republicans in congress are digging their heels at this point.
Before -- turned to Garland Nixon for his thoughts -- wanna encourage all of you to send us your questions and comments in chat you can log in using your FaceBook or Twitter accounts.
And it's just below me on your screen here and -- be happy to have your participation Garland Nixon.
Do you think that the president comes into these negotiations on the fiscal cliff with.
And with something -- -- -- hand.
In the sense of having just won election yet and I think he's feeling strong I.
He's looking at the poll numbers and I -- regarding what Americans want.
Two to resolve the our deficit issues and I think he feels as though I've got the American people behind me I've got the numbers behind me I'll win this -- in the question of with -- of Republicans -- are.
Which Republicans because we had instances it over the last four years where the senate Republicans would agree is one thing in the house Republicans say we will we will not go along with.
Can anyone reading this says the White House only knows what they say they know it is what it is.
Perhaps can anyone read this is writing us.
From some ancient Chinese text because that was rather inscrutable.
-- in Bayonne New Jersey says come -- people you can expect to what else remember everything.
They are TOL.
And you're young person -- -- -- that mean I you know I honestly don't know maybe it's a new language that that they're just enough but below thing I think that -- the political risk is for the president.
Is he saying he didn't know about about the extent by which Petraeus was implicated.
In in this sex scandal he didn't know about the timeline.
He's -- bank Gaza and there's a risk that -- -- -- take place there's a risk that the public is gonna see the president has a little too detached.
I'm in terms of the -- and energy tells of governing.
And he needs to I think be a little more open a little more specific.
Because they're going to be questions and and there's some some touchy subjects that are going to be brought up on the road we have about.
Thirty seconds these things always go by too quickly.
Garland you mentioned that the -- -- president feels that he has numbers.
-- on his side here from the election but the fact is that.
And I think he's the first president since 1940 to be -- reelected with fewer votes than he garnered him on his first election to the office.
Is it wasn't the message from the American people a sense you get to keep your job.
But we're not so -- with -- or penetrating your sales.
No I think the message from the American people where we were looking at two visions and we have to choose one and I think they made a pretty strong statement on the when he -- -- they've chosen and I think the president is going to play his hand.
But played very strong powerful -- all right -- have to leave it there I'm afraid just cross our executive editor of National Journal hotline and Garland Nixon.
Progressive -- we thank you both for joining us stay tuned.
-- -- power play we've got two of my favorite Republican and democratic.
Strategist -- real strategists.
Churchill consult with them stay with us you're watching -- Pretty in power never likes to have a select committee but I'm hopeful that the American people demand.
And I am guardedly optimistic that they -- achieve that goal the families deserve it among other people if we don't and they select committee.
We're gonna fail to get the answers that the American people deserve in the process that were involved in today is to get storm and could -- to the truth.
And I am begging my colleagues don't call it Watergate -- a man to man.
-- ships that call it that the 9/11 commission inquiry college the Iraq study group.
We're putting examples on the table where there were select committees around Republican failures.
This is a player and of a democratic administration that affects more than Democrats.
All right there you -- hearing yesterday from senators John McCain of Arizona and Lindsey Graham.
South Carolina Republicans both both highly regarded for their expertise in foreign affairs and national security calling for the creation.
Some kind of select congressional committee.
Two investigate the Ben Ghazi murders.
Of our US ambassador to Libya Cris Stevens and three other brave Americans.
On 9/11 of this year welcome back to power play on James -- sitting in for -- -- -- here to discuss -- Gaza and other matters with us -- to my favorite.
Democratic and Republican strategist -- democratic friend is Marjorie Clifton and also we have with -- -- -- -- Who is Republican strategist both well versed in the ways of Capitol Hill.
Thank you both for being here -- you either if you see a selected then -- committee actually coming into existence.
-- You know well I mean I think we're back to playing politics I mean this is the elections ever coming -- -- find something to polarize I I I find it highly unlikely ending we've used.
I'm our traditional god I didn't think trial system that our investigations.
And I think we still are going down that -- but at this point it really scene is playing politics because they do have.
Concrete information about the timeline what exactly happened look and and there's no denying what happened in terms of the intelligence communication -- -- But this is -- but what is happening right now when you've got Graham and McCain especially -- talking about this is playing politics even implying.
It does the Watergate like it at an event is is sort of completely comparing apples to oranges -- game.
With something where there -- money embezzlement and breaking and entering into and stealing the property of coordinated by the president of the far bigger and very very different ordeal -- I think it really depends on whether or not General Petraeus provides open and clear answers that it's -- You know for -- -- -- a lot of questions that members happens to me hill tomorrow.
And it is if that seems to solve the problem or -- that he could or could open more of pandora's box we don't know.
I think we -- not quite sure where it's going yet however you know senator senate Republican and now Homeland Security ranking member Susan Collins.
Isn't quite so sure about having -- like to do so but I really do think it depends on -- -- testimony on whether this it snowballs.
One of the reasons I chose the sound let's just listen to is because you heard senator Graham say look.
Don't -- Watergate if that bothers you re called the 9/11 commission called the Iraq study group and that seemed to me to open the door for a different kind of panel not to select committee of the congress -- but some group of foreign policy national security Mandarin is like the Iraq study group and that seems to me to be an -- the Obama administration -- more readily -- because it's off the -- -- Does that strike you as plausible.
Whether it I thought it.
Armor possible that I do a select committee and and I think you know absolutely if if what we uncover is inconsistencies or -- -- more questions.
I find that highly unlikely because -- think we seeing consistency in certain terms or even what Petraeus is reporting on the ground in the days following.
But again you know if we need to pray -- -- -- -- -- -- -- and everyone feels good about it we can put it to rest I was.
-- -- All we want to encourage you to send us your -- comments and questions for Ron and Marjorie if you have questions for me I might also entertain them use the -- screen right below me here and log -- using your FaceBook -- Twitter account and -- get right to them.
The Petraeus -- fair.
Is -- kind of outgrowth of scenes in some ways -- -- tangentially related to Ben Ghazi matter.
And your thoughts on the Petraeus is -- do you see it having any lasting impact to -- it's a kind of an idiosyncratic thing that's -- only -- effectiveness -- -- -- It's really unclear at this point and it feels like a big Tom Clancy novel I don't.
I don't know how it's gonna end.
And we don't know where work where things are going to be uncovered and that's what's kind of crazy about the whole thing.
I mean look we're finding out something new every day about what's going on we don't know is the national security like we're -- are classified information being being taken out of -- how her story yeah you know things like that if we just don't know it's clear how it's actually connected and got zero where you know.
And we have no idea and that's what's what's insane -- actually what you just that.
How -- -- to being godly I mean I think the fact of the matter is what this does is potentially undermine his credibility and lose credibility betrayed his credibility and his respectability with the American people -- more for prescription thing.
It could potentially be a security risk given his position in terms of bribery and other things like that but -- Whether it's web you know -- incentive you know -- but I think national security and operating I don't think so but I think credibility.
And which is why the arms for doing services which is -- he was not acting as a general he was acting.
As a CIA.
Operative but it dot that's more -- problematic nature is just sort of who he is in terms of.
Our continued to -- would be a perfect fall -- -- the about registration right now he's a very weakened position if there is a way that they can make sure that he's going to expose the blame on this thing I think that that's probably where critics like to see politically.
I don't think they want to see.
America clearly Obama's -- Susan Rice and she realized she made a big -- -- -- -- -- sort of illumination night ABC the nomination being made I think it has a huge potential to damage her ability to do so but I think that.
Having her be the fall on this is absolutely and incorrect very tense seconds I think that's that you -- -- confirmed -- she's put forward I think Senator Kerry has bigger chance because I think he's an inside as far as other formulation as chairman I mean there's no question about it and -- restaurants -- a huge disservice to the American people I think -- -- -- -- at her because I think she is a very viable and.
Confident company we leave it there from Marjorie Clifton and run -- -- RT thanks source strategist we'll have you back I hope.
That's it for this edition of power play on James Rosen sitting in for Chris -- -- wanna encourage you to tune in.
Right here tomorrow at 4 PM eastern for the fox -- the program I actually host.
And where I won't be an interloper and -- -- and terrific guests lined up -- you following this show right at the top of the hour we have on the hunt with Jonathan -- -- to stick around for that and yet as we always do.
With a word from Charles.
I would say it was his usual show of indignation.
Which is his.
Default response whenever he feels defensive -- back -- dual -- You know how dare you attack -- UN ambassador.
And then he gives the strangest defense by saying.
She's meant anything.
To do with have been guys if they -- -- why the hell are you sending out.
Why don't you said why didn't you send -- the secretary of state -- the CIA director Panetta or somebody who didn't know.
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