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Obama says 'Aloha' from the fiscal cliff

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    Should the president go on vacation if fiscal cliff talks remain stalled - or is it a negotiation tactic?

  • Duration 9:26
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There is no common ground folks will president stay.

In town -- the course of these negotiations and forgo.

Well I think that congress has a strong role that they play here today you know what the issue is -- as we've said all along.

While we are getting closer and closer to the end of the year.

How we achieve the deal here is just not that complicated.

And we still believe we can make it happen.

President is focused.

Very much on trying to make that he actually wanted to deal of work is something he's the only -- -- and have a pen that can sign that.

You know you -- a -- the United States.

You got that my head is sailed up the banks -- bailout the American people that it don't have holds the holidays.

I think no members of house where the sent when the president should go on vacation before you handled this.

I think as -- -- he has a vacation I really just there simply is not always.

Middle ground here at old little president's stay in town for the course of negotiations.

Meanwhile the president wants to spend four million dollars for a vacation at the -- here in the miss what is they've been huge prices and patients.

Compromise is impossible.

The president go -- way.

For Christmas is going to hold -- put -- something days.

Where am -- going to be where my capability.

We're not gonna have a place hopeful wherever -- all.

That can't happen and all that will happen this one side will concedes we'll the president stayed in town -- course.

Thought the holiday.

In the Hawaii.

Ultimately -- -- -- lights go electric no water.

Not happen like this season with a liabilities for the holidays and want Obama wants is a confession.

Should anyone in Washington be going -- -- vacation in the middle of this fiscal crisis.

Should the president be jetting off to Hawaii now those sides created this mess and that mess and they are the only ones who can fix it.

Former senior advisor President Reagan Pat Buchanan joins us -- Any promise of the president if he leaves town before the.

Itself.

I think the president is taking a tremendous risk here Greta.

And the reason is that this is not solved and it looks like it's gonna come apart shale and a twentieth or 21 of December and -- splashing around Waikiki.

You could have a thousand point drop in the Dow Jones average in people's 401K.

Is being wiped out their portfolios be wiped out.

And if he should -- there.

I think he's in real trouble politically.

This is a show of a certain amount of arrogance and confidence.

That he's not afraid we're gonna go over the cliff if we do.

He'll take care but after that.

But I think he's taken a risk and my guess is their advisors and their tone of Mr.

President you've got to keep -- plane gassed up out there it to Honolulu.

Yeah I think if he goes on vacation or anyone else that that he has a ten year that anybody else does.

They've known about this problem for eighteen months they've created the problem.

They're -- -- -- to consult the problem.

And that the idea that they would jet off vacations and just think this could somehow solve themselves -- people across America.

Are worried about their jobs -- -- -- do go off the cliff that the markets -- gonna respond very spastic -- to it causing lots of heart -- The idea to music it's it's and a question to -- -- politically that is bad politically I think it's in.

Decent.

-- I don't -- -- hubris.

Barack Obama never gonna run for president -- he won a victory.

He said look they rubbed my noses -- it it is my nose -- -- at the end of 2010.

Forced me to extend those tax cuts and now they're coming to me.

And -- Boehner all first 800 billion dollars.

And they brush it aside to say we need one point six trillion and we need the rates to go up go back can do your paper again mr.

Boehner.

I think again you're getting arrogance and hubris on the part of the president who has to whip hand in this and I think he goes off.

I think that's a bridge too far form if he goes off to a wide and spent three weeks there.

And no deal happens and the fiscal cliff -- we got the largest tax increase in history and the markets plummet.

And he should know that there splashing in the surf.

I don't think he can do you know I would -- -- Other nations think about us you know this is -- know -- -- it terrible problem we're going through right now.

But we look like we can't handle our own business we can't talk to each other.

We can't figure our -- economics.

And I can't think what kind of moral authority do we have in the world when we look so pathetic so pathetic in terms of how we handle things and the fact that we don't.

Well the problem with the American people isn't today -- they -- Greta they or is deeply divided and polarized.

As we have almost ever been in -- Boehner is doing right now and trying to make a deal.

-- violating his fundamental principles.

He's violating the commitment he made to the American people.

He's doing something he thinks will hurt the economy has put 800 million dollars in taxes one job creators.

He is splitting his party he is demoralizing his base.

And he is doing all this to try to cut a deal they can't in his heart really believe it.

Is it now and is it not better to at least tried to come to some sort of we have to come off a little bit that I much -- to be at principled but the president.

By album by changing his goal post because first -- -- 800 billion in the running for office.

Now it's one point six then the president says -- wants to have a credit -- with no limits in terms of the debt ceiling because of present looks as as the term you used is -- I think the president has a grudge because speaker Boehner has said you I get.

8000000800 billion dollars from the rich.

Let me get 800 billion from the rich but instead of raising the tax -- let me get 800 billion the same people the same amount.

But -- differently through loopholes -- closing loopholes and they get rid of some deductions.

And the present the White House says no because the president I think wants to rub his nose -- -- watched it extracted in increase grace and I don't know I think it makes a difference -- get the money.

Well he could get more money by cutting the deductions are capping the deduction he wants to -- up.

Why.

Because Republican said we cannot raise the rates it violates our principles it's something we -- Part that's been our guys are an electable and lack of leadership and so I think you know I think you are confident but I think the speaker -- to the extent he gives a little it helps the nation if they both come off -- grudges but I -- -- the president.

Well the president's roving vendors chosen better watch it because he's given he's denying him an honorable avenue of retreat.

But my -- can't put it back to bring her.

Do you believe in your heart -- -- taxes on people who are making over 250000.

Dollars.

And hammering them with a 5% tax increase now.

Is good economics when you've got an economy that -- have an 8% unemployment.

No matter I -- is it better to go off the cliff I think he's got a bounce it.

-- which is more damaging he's got a president who who for some reason wants the wants the revenue coming from the rich but from -- tax rates not to close deductions.

Same deal.

But the president to serve fixated on the race thing.

We'll get derailed -- do educators over the cliff you'll get to Rachel logo up on everybody I think she's not afraid of that because you'll say -- -- -- win.

And I'll cut taxes on the 98% -- but rays who make less than 250000.

And -- restore some of the budget of the defense cuts there were made by the sequester.

Only mr.

peace restraints on building the Obama tax cuts will replace the believing gators -- what we've -- this.

I think he's.

Well I think look it's hard for me to see how the Republicans emerge from this well.

They are turning -- retreat they began at November 6 into a Republican route I think right now because in our hearts.

They don't believe what they're doing is -- -- it's like a doctor -- and they do what's like your doctor come and end.

And -- and look you can't give this kid anymore heroin it's gonna kill it.

That's what's her -- Any other doctors come in and say look we got a steady -- wanted out of a little more this stuff and and in the village doctors just know all.

I'm not gonna help you know I'm not doing that that's what to report the conservative Republicans are saying the -- to -- -- You're going along well and we go off the cliff we don't exactly what you said we're going to -- -- -- and it could be made a terrible blow but I think -- the Republican should've done at the beginning and say look.

Mr.

President what do we agree on.

We agreed this budgets cutting cutting.

Well we big -- yet there was no discussion of custom -- and protect that's the only thing they're real hot they disagree on taxes why would you get into an argument on Johnson's.

You know I look at what you're grandstand and they want -- -- president -- on 800 billion from the rich.

Boehner says okay giving -- had a band that eight -- billion from the rich and the president because he has aggressive sets up that somehow I -- -- -- Who are Geithner says we want one point six and we want -- I know that and then they want -- through -- then they moved the goalposts which is a whole another prominent Atlanta.

Boehner will go over if they -- over the truth in there and take it to 37%.

And I think Boehner can't go home again.

She attacked your decision.