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Reaction from Robert Wolf, Obama fundraiser and former chairman of UBS Americas
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That is the vice president and the president they'll soon be in that -- Santa bella happy to see them there regardless of when they get in and out of the cars.
In the process as Robert wolf he's the former chairman of UBS Americas.
Eddie Berry -- important influential but it's a player.
For the Obama as and what about the so called kitchen cabinet type of advisors on all things business community.
Argue this immigrants make to -- -- overcoming I don't think I've seen you since election -- I -- beyond that I lost hundreds of beyond.
You know it Chuck Schumer outlined today that the senate will have a budget it will include.
More taxes on the wealthy -- -- -- -- have to deal with it.
The president -- debated as much that.
There is still this chasm between the -- in the war.
Speaking in the clearest terms that the -- are gonna have to do more than they've already done.
Do you think -- old buddies in the finance of community are ready for that because that might be a news alert to them they they feel they've already gotten there.
Texas tonight.
I'd be surprised if we're talking taxes.
What are we tournament I think -- looking at itemized deductions a little difficulty with thought they were already trimmed back in this deal right.
Wolf first I think that the goal would be to get to four plus trillion I think everyone wants that.
It would be great if we could get somewhere around two and a half to one.
Spending cuts to.
Revenues not thwarted a one that's tax hikes are assigned forty to one now you know that you think the ratio is gonna be a little bit more even.
I actually think it's going to be if you include the first one point two trillion which is part of the budget control.
I think you can end up saying that's already probably the next that would be more once once I think you got to see about 21 of our.
Well -- you and I -- argue over our eyes that that would add you as we argued before he had they had they got one -- want to do light.
Whatever but it says it because I.
Your sense of where this is all going to because.
I get that feeling that with the Republican moved today to try to postpone the debt ceiling deadline by another few months to -- today.
There trying to get their ducks in order they're trying to get the immediate pressure off as much themselves as -- -- the country.
What do you think the markets are closed today.
I do in reaction to this constant.
Kicking -- can.
You know I'm actually surprised by the -- into the markets I think the next 4560 days has incredible on Sunday.
Obviously the debt ceiling I mean three month us.
Not a long period if that's all -- expansionist.
I don't think it should be part of the negotiation I mean as we call Reagan actually made the seventeen.
The sequestration would be negative fifty.
-- -- -- you feel that way and every Democrat including then Senator Obama -- -- -- anything that I actually would have.
Told them he was wrong -- -- -- -- the debt ceiling enough by the negotiate but you don't know like this extension because it doesn't address that it doesn't addresses three months doesn't do anything.
Plus he's gonna -- -- and -- remaining weeks and months I think they're going to be nervous about the debt ceiling this PlayStation that hurts GDP.
In the fiscal feel -- that.
You know.
Once again everyone wants deficit reduction they don't want.
-- -- -- -- We believe there's still an appetite to cut spending this is -- -- -- it this -- that -- by the way.
The White House to north portico -- about what will be just reviewing stand at soldier about I think it's either motorcades go through.
On the south want answers outside of the White House behind the White House -- other -- the back of this building -- look at right now and then they got to the White House.
To this walkway it seems like an elaborate way just to get citizens aren't projects and little -- -- -- judged on but.
Nevertheless you're looking at this and see what Robert.
It seems like more games and chip on both sides disagree we do to address -- what you know.
The economy's doing better that's clear so everyone's happy about that housing is coming back I think is the alignment between the business community in the priorities of the executive office immigration reform education corporate tax reform.
But we need those other things we've mentioned about that you keep talking about the debt ceiling happened first otherwise you know this is going to be an uncertain year.
Why do you.
Get -- for treasury -- not against Jacqueline but they would say they need guys like you would do.
That kind of bread and butter experience doing this to ball very flattered flock should maybe start.
If I could -- me maybe I'll be very flattered Robert wolf thank you very much all of that to -- and you Robert when we.
