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Who will public really blame for 'fiscal cliff'?

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    All-Star panel weighs in

  • Duration 4:27
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This transcript is automatically generated

Here we are at the eleventh hour.

And the president still isn't serious about -- -- this issue right here.

It's this issue.

Spending I'm -- about a deal optimistic.

-- -- Waiting to hear more from you.

-- There -- happy Christmas.

-- White House said the president by this bigger banner over to the White House and they just wrapped up a meeting.

At the top of the show.

And we're just getting a -- out apparently Treasury Secretary was in that meeting as well.

And this is the statement the president and the speaker had a frank meeting love the word frank.

Describing the meetings in the Oval Office tonight it lasted about.

Fifteen minutes there will be no further readout of the meeting but lines of communication remain open.

That's where we are.

Back -- them John lines of communication are open what what do we make moments.

I'm beginning to think that you know -- Obama's positions are like Michael Corleone is position and godfather to my offer is nothing.

Movement and I think that he is.

I think Charles and running -- destroy while I think that his his real goal is.

To watch the Republican Party go up in flames and keep themselves alive.

Widget so far seems to be work it.

I think that what Boehner -- to at this point is simply.

Take the middle class tax -- -- permanent which we huge conservative victory.

Heated on the raising the top rates and then live to fight another day.

New.

NBC Wall Street Journal poll is out if there is no compromise on the fiscal cliff.

Who will be more to blame and I see the numbers President Obama Democrats 19% Republicans 24%.

Equally to blame 56%.

This goes just against the conventional wisdom that Republicans would overwhelmingly.

Be.

I held accountable.

I'm still trying to figure out how they're gonna go up in flames while -- -- themselves alive and I had -- on how to forge a solid you have to sacrifice Morse.

-- -- gone bad.

And I had Campbell was -- self barbecues so.

The the equally to blame thing I have to admit I don't put a lot of stock and if you put a poll question is people -- either or you're forcing them to choose I think within that 56%.

-- a lot of people.

We're in previous polls who think the Republicans would be more blame.

And the way I can prove that is by the behavior of the president because he's looking at his own polls.

Which I'm sure very scientific and show him that he's got the upper hand politically.

Which is what the Republicans concede as well and that is why he is driving this hard bargain.

Republicans are as John suggests.

Desperately looking for a plan B and it seems to be something like capitulate on that operate.

And then come back next early next year when -- -- some leverage with the debt ceiling and try to get your spending cuts that.

The -- polls Fox News poll out today federal government.

Is providing too many services.

49%.

To fewer services 20% right -- point 5% lot of questions about spending and people are concerned about spending if you asked them about it.

They know passing on things to their kids and grandkids that you can't handle sixteen point three trillion dollars in debt.

There are virtually seems to be an abstraction -- -- off review real cuts they generally will say.

No I don't want in my want cuts that would -- somebody else let me make two points on your reporting the idea that the -- that this was a frank discussion.

-- frank is a word to use in diplomacy when it was used in the Cold War.

When Kennedy would meet -- chairman they would announce to the meetings were frank.

People would restart the bomb shelters have so that is it's -- -- as you -- get it means nothing happened and they might even have been angry.

The other part of this is the progress from these negotiations I mean I don't like -- -- last night to a toward its ten K so let me do a sports center on the new developments.

The Republican tortoise has advanced than that length of the democratic -- hasn't moved in fact some observers think it's dead.

It hasn't moved in a month Obama's not in the movies -- can offer anything.

Today there's gonna have to decide how we capitulate.

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