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Bob Rice and Penny Lee discuss the President's new push to tackle legislation surrounding gun control.
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So let's bring in the panel with us today here in the studio.
Bob rice managing partner tangent capital to -- -- And joining us from DC is penny leave former senior advisor to senator Harry Reid -- let me start -- -- if I may.
What do you make of president's comments do you believe there is now the political well.
Do you have really started -- Along with his with your picture is -- taking point on the issue -- for so long.
You want after these tragedies there is usually just a memorial service and words are spoken -- no action -- on the back candidate.
And that's when every any action is done the good memories -- forgotten to way too soon.
I knew it inevitably the NRA and others come -- to -- -- -- -- no action is taken so.
You are certain to -- you have certain C a shift.
On those numbers that happen AAA or plus -- greens here with the IRA say enough is enough.
And you are starting to see this.
He was believed any -- gun owners mean even just me.
You were afraid that you -- -- -- -- -- -- this type of weapon and something else is gonna happen is something else you and he's speaking to my -- that was always his -- Was it was just going to be the starting point and now even he recognizes.
It just simply isn't the need for these type of guns gays and mount -- ammunition to be available.
The lack of background checks something has to be done you really is starting to see a sentiment shift.
-- that do you think.
He we going to see gun owners are responsible gun -- is the vast majority.
That the president referred to.
And the NRA the National Rifle Association.
Move a little bit because so often in this we get the reflexive actions on both sides from -- from the anti gun inside.
Ban all guns not practically possible ever in this country to another 300 million circulation.
From the pro gun -- don't you dare touch on guns do you think that the NRA it will move to the middle now a little bit.
Look guy Ivan -- gave up a long time ago predicting -- the NRA was gonna do you were not do so I just had no opinion on that hi how do you think Kenny is right that.
Do the good news is there's an emerging consensus already I think on both sides I don't think that.
I don't hear liberals running around saying all -- should be -- and I really don't and I don't hear gun owners saying you have everybody should have their own AK 47 looked so.
You know -- you haven't read my Twitter feed results.
Yeah Saturday.
I -- so IE you know I I mean I hope.
Therefore that we can't begin to chip away at this problem and that's what it is chipping away but there are many elements of that and it's such as gun ownership money.
The the you know clearly we have a mental help.
Networking problem that we have to address -- we have to be able to identify and get to.
People of this nature -- Earlier somehow man you know with the the ability to seduce social networking you know maybe there's some technology enabled ways that we can start to.
Improve or filters a little bit to people like this are are on the radar screen right earlier that's another big part of the pro.
Bad penny they -- the president did say.
That there's a mental health issue here that country needs to look at he did say that there is a culture of violence issue.
That the country needs to look at but it strikes me that.
The mental health issues and the culture of violence issues.
If you don't have those guns in the first place these assault weapons.
Then the medical that you can you might get as they have in China just last week.
A -- man with a knife attacking children but the difference is he injured 22 children he did not kill twenty children.
Exactly I mean is we do need to take a holistic approach to betting isn't just about the possession of guns that there is a holistic approach.
But -- -- when I was glad that the president brought up other incidents that have occurred since last Friday as well because.
Q what people are saying right now what -- you know the laws we didn't change what happened in Houston because those would -- the -- The boss many were legally registered to his mother needless to say that they would legally purchased but.
You know the other incidences.
I'm sure that they were -- loopholes that were being you know from gun loopholes and others think actually pulls another thing.
-- shows that this isn't just don't want isolated incident which he is someone that might have -- mental issues they got these guns legally.
Didn't we have a pervasive problem we need to address it in -- very holistic way so it's important to shut off the guns.
To be able to not have access to those that are mentally ill or those that happen.
Faulty background checks to be able to not have the ability to get as many rounds.
You know as possible so we just -- desist.
Realize what is occurring in trying to approaches and I really appreciate the president saying it's not just gonna happen overnight but this is something that we are.
Systemically going to have to change in our culture.
All right we're gonna come back to the question of gun control.
Throughout this shallow with a number of guests but I -- -- -- you guys if I -- because we're a little short on time because of the president's statement.
To the fiscal cliff negotiations ball.
The president actually was just scary is found in fact continuing -- -- -- and he has taken some question he's gone on to other subjects one of this.
One of them is the fiscal cliff he says he is prepared to do.
Tough things in his woods for a deal and there's no reason the talks should fail.
And both sides seem to keep saying we're prepared to do tough things that they act.
Actually doing them.
Well -- not so far although the president has indicated some movement on Social Security that a lot of the Democrat liberals are aren't gonna light -- -- speaker of the house has in fact floated for the first time.
Higher rates on some percentage of certain kinds of people.
So they are beginning to take you know they -- -- meaningful step away from previous position because what -- taken the first step the second and third step right in in negotiation is much much easier.
So I'm optimistic.
As I said before this really is not a fiscal cliff.
You know it's a fiscal like wheelchair ramp.
Right because his hitting a little low set from the very beginning will will roll sort of gently down the -- -- -- -- -- that is well I mean you know it's it's it's ironic to me that people would be characterizing it in these kind of we're I think.
-- extreme terms but in any event no good if I am but I will say again that.
That's done.
Where -- what is incredibly dangerous.
Is -- is the debt ceiling on the right and people have to distinguish these two things -- different things one is you know getting a lot of personnel.
The other one is the dangerous one and is getting very little press.
Patty -- do you see.
He leaving aside the the debt limit for the moment we'll get.
-- to -- to explain the difference to me in a moment put on the on the fiscal -- That the president just mentioned do you see a deal coming together as -- says they do seem to be moving slightly at least if not very quickly.
I do depressing actually understands analysis economic advisors.
Apparently going to recruit -- the clippers were running down they would do it the ramp north slope sliding down the slopes isn't -- -- easy he does not want to see that happen.
I don't think he will get solved all of the fiscal issues.
All within immediate dealer how will only get half because there's alternative minimum taxes and -- -- -- secret there's always others Andrea.
But I think -- Bob's point is what you're seeing is the philosophical debate is over.
Beer has conceded on on revenue raising revenue raising rates the president has conceded on going on -- titles now we're just talking numbers.
And that's -- that where are optimistic that we can probably get there about a trillion off right now.
I think that they can continue to still negotiate because the philosophical and.
Now out of that out of the question right and then and he was so that we get to the spending cuts -- -- -- -- You say that the president has moved a little on entitlement spending right -- -- -- game and is penny says he I think he is willing to move what I think what the president.
Again this isn't being explicitly talked about right now it's a part of the headlines.
But I think what he really really -- here is something that takes care.
The big debt limit ceiling there were other was gonna run into February because that is truly you know -- -- Russian roulette with the with the US credit.
With the ability to ruin our credit have the interest rate shoot up.
Add add enormously to the deficit without spending an extra dollar simply because interest rates on the pre existing -- -- -- so much.
And that was the one that's going to personally scares me the most and I think I'm sure that the president is very well aware of it and it's a huge.
-- hand grenade or whatever you wanna call it in -- in the hands of the Republicans -- about patty last word from you try to let you go there in DC.
The president has just city's willing to take steps that will make some Democrats on the happy.
I think that's true that he -- that one that he will -- that he has to make some of them unhappy.
And to that he's willing to do that.
He is and you already conceded on the island -- -- -- -- on the CBS I guess this made a lot angered a lot of liberals.
He's willing to also take a look at Medicare Medicaid.
So again he isn't.
Understand the -- -- not getting this deal and he's really into you know ask the liberals and others to come along with them because this is.
This is for the better betterment of the of the economy so I do think that he is willing to have that moment our leadership.
Penny a former senior advisor to senator Harry re sorry for the short time today but tell the president was speaking and when he speaks we tend to listen -- -- any -- -- -- it.
He's great to see you all right Bobby gonna stick around for the whole hour because your fascinating we love you know changing OK just -- let us about how can we don't look back at you I'm reluctant to -- That's for sure how would -- take a good break here on the hunt will be back with a lot mall.
On the off the -- -- the shootings in -- -- Connecticut will be checking in with our correspondent Rick Leventhal who is that.
As the funerals for the victims all of that dreadful day continue to be held in that Connecticut time we'll be right back.
