Power Play 2/8/2013
No mandate for Obama on spending, laying into Lew and Super Senate races. Chris and guests discuss.
- Duration 24:43
- Date Feb 8, 2013
No mandate for Obama on spending, laying into Lew and Super Senate races. Chris and guests discuss.
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Look why he came in and testified to.
Represents the most colossal.
Not think in history.
He said that daddy tell the American people square -- On that we would not be adding to that debt we wouldn't -- knowledge in my there we have them again to pay down the net.
That was -- -- -- That.
It was Jeff Sessions he is as you can tell from Alabama.
He is -- senator and he is the ranking Republican on the Senate Budget Committee.
And he intends.
He's making it clear that he thinks Jack -- The president's nominee.
To be his Treasury Secretary is a scoundrel and absolute scoundrel.
And this is power play and I and Chris -- -- And Jack -- nomination.
Is getting a little creek here.
As is making its way through the senate certainly not going to be a slam dunk there we'll talk about that.
We'll talk about whether the president can clear the decks on as a national security nominees.
Before he gets to what he's guaranteed to be a contentious fight.
-- currently is chief staff will do that.
Will talk about the super senate races that are going to determine control of the United States senate when it working I'm not even apologized for moving ahead to the mid term elections anymore as I wanna I'm ready I needed.
Let's do it.
We're gonna do that with Joseph -- that's nuts -- like that and -- like that.
And we will also talk about the new Fox News polling that talks about a very funky February February -- for the United States we'll see where that's going.
-- couples will be here you'll have fun.
And I know you'll have fun because -- -- is here.
Danny Lee as you know is -- principle -- -- strategies I know that that's true.
I mean I know also that she's former advisor to senator senate majority leader Harry Reid and other very important Democrats.
She's a big deal but -- which is a nice person and patriotic.
Ford O'Connell he is the chairman of the civic forum.
Which is another way of saying that he's a Republican strategist.
He also happens to have worked for McCain campaign and a lot of other things that makes -- a pretty big deal and also patriotic and also good people shop.
All those things -- give him.
Republicans really do not like that -- they really really really really do not and -- The next thing Jeff Sessions Jeff Sessions used to be a prosecutor -- in Alabama and he's good at being mean.
And the next thing is there's a law that says -- president in Medicare is in the red zone.
That the president has to by law.
Offer a solution it's it's silly thing probably the George W.
Bush did it Obama has not done it sessions latest thing is he's he's gonna blow hot.
He's gonna block.
Lou on these grounds that unless the president coughs up a proposed solution for insolvency and Medicare.
And basically sends a note of apology.
That he will hold up Lou.
Is Jack -- going to be confirmed what your guess.
My guess is actually -- -- is going to be confirmed the numbers are on his side district you back Democrats.
That's a lot of Democrats backward -- probably did you filibusters very rare though.
On these had a key appointments that they actually do filibuster on things that are actually asked for the sixty vote threshold you CDs are given.
And an up and down measure and so therefore I do believe Jacqueline that's going to be.
Confirmed will there be some consternation before -- really -- be some theatrics will there be some.
Last minute negotiations and deals and likely something being offered on Medicare to show that it is going to be insolvent.
For a long time yes.
That is the nature of Washington and that is what we're seeing on the other nominations as well as some of the C theatrics that often times go after -- -- that.
The senator can prove a point and go back through local constituents and say I was top.
Yeah this one there's a little difference here though for -- think just because that the president this is -- And unconventional choice for treasury sir Terry right.
Well it is not often as the cool headed guy who like Jeff Sessions you know former tomorrow right now standards up into good reason.
They see this is -- Republicans see this is an antagonistic.
Did basically says you have no intention of cutting spending.
And this is -- the hard debate in what I think we're gonna see here.
There's a hearing drags -- -- really.
The difference when -- Republicans and Democrats -- fiscal policy Republicans think we need to get better control when -- to bring certainty the private sector.
And Democrats seem to believe is spending is an issue that we can tax and regulate ourselves surprised you know -- prosperity by focusing on the public sector I think that's what's gonna come forced -- of this.
So -- -- the norm.
For a Treasury Secretary government me.
Is somebody more in the mold of Tim Geithner.
Who is president of the New York Federal Reserve before he came down for the show.
Or before that.
The Hank Paulson.
Great imminence of the firm Goldman Sachs you may have heard of that but generally these -- Wall Street people bankers money guys.
In the mold of Alexander Hamilton our first Treasury Secretary.
JetBlue is not that -- He's that he's more an academic he is more on the fiscal matters on the on the more on the budgetary side -- and beat those kind of more bureaucratic positions.
He hasn't had other than his.
Short stint at Citigroup which I think we'll also becoming be eliminated tearing these.
It curious as well as there's some -- because he did.
He did have a nice day layover yeah yeah.
Layover and I at a golden parachute on the way outer cover is very short and clear they're sort of sub prime mortgage -- it -- it's -- -- it.
Any case if it is it was interesting -- by the president because he didn't break animals that he didn't stay within well.
Near the larger pattern -- room.
I'm monetary issues and he's -- he's going with somebody that knows they don't really seem dealings in congress and really on micro level as to that the pieces of the budget.
So that it's it's going to be interesting to see how he does play because he does need to.
Play nice there's going to be some huge issues coming up.
When I think just one huge concerns the Republican side it's not about protecting Wall -- understanding how the private sector works.
In the sense that -- Republicans truly believe that the best way to give back to prosperity is by growing the private sector.
Big inning 323 I don't know why you need to 323 like Arthur is is -- there that -- database in the but I never I don't know with the New Jersey right exactly yeah have you got a big block I don't know Jack -- Tim what's the difference.
And they have outlines of this in their discussion here -- many but there's also this.
This is a sign that the president is more interest it.
In fiscal issues because if you think back to what Jack -- was Jack -- was the head of the Office of Management and Budget the green I -- brigade.
In the Clinton administration he's that guy he's not as -- said it fancy she's -- macro economic.
This is designed for the president Tim Geithner was focused on keeping banks open and stuff like -- complicated stuff like that.
What -- with the -- It and he tells us it is that the president is.
Ruling and three months the cyclical awful fiscal battles with the Republicans for the next two years.
And he doesn't seem because when any of the things that the Treasury Secretary must do is also -- seem -- -- actually has been very good at is calling the world market.
And being integral part in kind of thinking of some creative things outside -- bomber go off to let did raise -- Merkel to help.
Others -- as we are now in this global economy so there are questions legitimate questions about Jack who has experience to be able to.
Call on the global markets as well how.
Our place and before we -- say it again.
This stands to -- Unless Chuck Hagel turns out that he really has some problems and is non disclosures.
That this instigate.
The -- best confirmation fight of them -- mark my words I said it.
And I'll just say this.
-- should you be so lucky Internet in your life to ever get to spend time with.
Two people tonight can you imagine getting to go to a dinner party or something with these two people -- be thrilled you're just the thrill so -- -- So big many consider yourself lucky that's the deal and I only say that these -- not here OK we've got to take a quick break but when we come back.
The man himself will join us from Key West.
Where -- I know they're celebrating no -- Friday in Key West.
So stick around.
And that is freedom fuel.
Coal as other people call.
It is abundant in one particular state.
Can you guess it's West Virginia.
Where coal is -- and there also is going to be a vacancy in the United States senate.
And this is power play and as I said before I'm not going to apologize for it anymore we're gonna go ahead and move right on to mid terms because that's what we do.
That's how we jam and you know you've rested -- -- the holidays you're fine you're you're ready I know you're ready -- come along.
With us as we start to explore the senate races that we already know are going to be hot contests.
And I cannot imagine a better person with -- to have this conversation.
-- your friend of mine Internet any great supporter and modify -- of your worst Internet Joseph Trippi.
Who helped revolutionize -- during 2004.
Presidential campaign of Howard Dean.
Brother -- joins us from Key West as I understand is that so.
Yes Chris and it's.
Don't worry about me it's tough -- here.
But I think I'll be OK the temperatures are just unbearable.
Really I am sick but here's a question I'm excited -- -- -- that's what what is up with that.
I'll -- all my vacation but I had an earlier hit on and happening now.
Just actually a few minutes ago and and now I'm I am happy to be here reviewed talk about senate races and then.
And then I'm I'm put a T shirt on -- and and going back on vacation for the.
This is -- is -- cigars will be out life will be good okay you -- do you promise yes exactly.
Yes absolutely -- at least journalists Wednesday so here's the question.
We know that the race for Jay Rockefeller seat is going to be tough in West Virginia.
And we know it we know that it will also hold true to one arch type.
Which is you have an establishment Republicans -- air quotes.
In Shelley Moore -- of the articles that state.
Bernie should be a win for Republicans in what has become a very red state on the federal level.
Could be that these could be infighting could lead to an opportunity for Democrats hold their -- agreeing.
Absolutely and that's one of the I think the big issue in all the you know end of the bulk of the races this year or not.
Whether on this surface Republicans in the senate races have an advantage Democrats have more reason -- seats to defend in in.
At least to date more retirements in key states.
The real issue is what is you do we have -- sort of a replay of the last two.
Senate cycles where.
Within the Republican Party leave.
The eventual nominee damaged enough war.
Or outside of the outside of the electorates comfort zone.
-- that the Democrats actually.
My side actually ends up with some seats like the bad.
-- -- -- -- -- would have -- should have been a lot of trouble there the Delaware seat should have been a lot of from -- We've seen this in in the last two cycles and I think West Virginia could fall.
-- that to that situation your right.
It could be anything could be the case in Georgia to -- right now it's tougher.
Democrats to win at state level and Georgia these days.
But there there is another tough primary shaping up there on the blue team though didn't go there are several red state Democrats mark baggage in Alaska.
In Louisiana Mark Prior in Arkansas.
That are in bright bright bright red states.
Those guys have got to be nervous right.
-- I -- I think obviously nervous but also in terms of some of the issues it that are out there right now whether the immigration or gun control.
-- you -- -- some of these issues -- -- The Obama administration -- that Democrats sort of where we you know we were kind of it you know on the you know sort of really pushing the envelope because we won in kind of thing that nationally.
At the national level may help in it may work for a lot of Democrats and insert in a lot of the -- congressional districts and a lot of Blue States -- work with there are three.
You point now it.
And young and others I mean they're bitter in these.
Red states and the issue of gun control in this in any immigration may not play that.
-- play as well there.
But then again they may oppose the president on -- in and help burnish their independent.
Record so they're they're the ones I think -- watch this year on and on a lot of the key issue.
Right now no we're gonna ask you now we're gonna keep checking in with you -- -- now and election date when he fourteen.
Give us your projection give us a trip he's fearless forecast.
For the shift in the senate what's gonna happen.
You know I have I really don't think there's going to be one and I think it'll stay pretty much status -- word is that -- good Democrat he's -- it -- diesel that fifth yeah this is the first.
-- -- -- -- Yeah right now I mean that's what I would say right now I mean obviously things we don't know he's actually dud get a really run against Mitch McConnell yeah.
Mean that can be bit.
No I mean I know that's a good place Chris these stranger things that could be it could be used it could be a -- it could be a wild year we could have overall though.
And that you you -- -- and Ashley Judd in the same rates -- -- did you know that America needs.
Rivera V Booker.
The the the trouncing in Trenton.
Is going to be too good.
And show that you weren't too good to make a little time for the Internet today.
And we are grateful to you now get that -- -- go enjoy yourself.
Thanks Chris always a pleasure have a great day.
-- right he's -- -- that question has been answered.
The question has been answered and it's like this.
Big Vinny has come forward to share his -- big ready 323 says there's lots of big cities in Brooklyn not New Jersey and I -- a little legend that.
But it's like I'm not in Jersey -- big -- say listen your answer and he's talking therein about the difference between Lou and Geithner.
What's the difference differences that's.
Tim Geithner is a creature of Wall Street.
And big banks in central banking in the Federal Reserve he's interested in monetary policy he's interested in how much money the Federal Reserve -- -- interest it and what.
Cash holdings position are disinterested in.
Credit and stuff like that Jack Lew is -- -- in.
Budget -- that's his bag he's -- -- fiscal issues and did it is a huge difference Tim Geithner doesn't care what's in the budget.
He just cares that there's enough money sloshing around in the financial sector for things to be okay.
By his way of thinking and he likes of the Fed pumping and all of those things and currency devaluation doubt about -- On the other side.
When you look at Lou this is a guy who is going to fight for he's going to engage in a vicious brutal fight.
With Republicans to preserve.
At current levels and tried to reach the president's goal but spending even more borrowing and spending even more the only.
Or he cares about borrowing is the federal government borrowing and that he'll be the one.
He gets confirmed.
Whose -- is going on those bonds that give thought by the bank of China and stuff so I hope that.
Is a fair answer.
So here's what we're gonna do Internet we have lots of work to do with you but -- fun you'll enjoy it.
So I want you to.
Is what happens when February -- -- That is to say that it gets rainy.
It gives yucky -- it gets windy and it gets cold and that's the view from outside.
The world global headquarters of the power play empire there.
An avenue of the Americas in New York City.
And this is powered by coming to you from DC -- had a studio where it's quite nice and it's quite warm it's very pleasant and it's all the nicer and all the pleasant her more pleasant.
Because you're -- is here she is she -- for roll call she's Smart she's fair minded and she has a patient's mind -- welcome back.
Thank you -- -- back okay.
We have this inventory to sheer act of god.
The deal is we're new fox polls that came out and we have very good -- I love our -- is that Republican and Democrat detest each other's assumptions that.
Makes for very good point very accurate public.
I -- The the deal is this.
Fit the people -- are feeling better in December.
The former president got reelected if we're like hey you know this is getting better and then -- but now -- February funk.
-- and that's good -- this February -- is setting yet so let's start with the first one is the country today.
Or -- more powerful or weaker and less powerful than it was five years ago.
48% say weaker and less powerful this is a good example of the -- That's going on.
And it reflects president and this is true the quinnipiac poll this is true in our.
In our stuff.
The president is sort of back where he once he's he got a boost he got a reelection and inauguration boost it crested fifty was hanging out there for a second there has been in the -- Yeah exactly that was a very short honeymoon period he had thrown his second election and I think that was because you had this nasty legislative battle around new years voters ended -- poll respondents alike.
Back to see how the sausage is really -- and watched him and it wasn't pretty and I think that took control not only on the president's numbers.
But also on congress' numbers which were already -- this city yeah.
I'm glad we didn't ask the question should Washington be -- out.
Voted off into the ocean and reconstitute the capital in Pittsburgh.
OK so here's another poll -- that well but let's be fair.
You move the capital Pittsburgh -- would run.
They later in Detroit Pittsburgh it would take about four years before Pittsburgh was just if they're doing well.
That's that's exactly exactly it's know what -- in West Virginia but it's okay.
All right so your second poll that I want to show you President Obama says government doesn't have a spending problem do you think it does.
Yes it does say 83%.
And if the president there of course is not saying that he thinks that.
Deficits are fine by me he thinks they're fine right now what he's saying is.
Well we have to do currently is -- to invest.
And rebuild American infrastructure and invest in things John Boehner says you -- wrong we need to cut spending.
In order to grow the economy and it looks like folks are with the Republicans on this question.
Did indeed do what is this fort hell about what happens with the sequestration fight.
Great so it took sequestration fighter.
I don't know I didn't call it a fight -- it doesn't seem like anyone's even come to the -- any.
Yelling they're yelling at each other -- Bleachers were basically so I wouldn't necessarily look to -- fight because it's just looking more likely that these cuts are gonna go into effect in May be in retrospect the restore some of the cuts after.
March 1 this is looking more and more likely she talked.
Members -- Capitol Hill I would look to.
No budget no pay what you're gonna go on there and also -- next debt ceiling fight a couple months later those are I think going to be the real spending issue battles.
And on the third hole I want to share with you what is more likely to strengthen the US economy cutting government spending.
Or increasing government spent 73%.
Say cut bill.
The president has laid down a big -- in his inaugural address I expect that we'll hear it in the state of the union when he says we need to invest we need to spend.
The -- and he -- and he wants to transform thinking on this this is the thinking as a long way to go to be transformed his -- right.
Right exactly here is sitting at home.
Average income average salary -- you see how much debt the government has.
Racked up for the last couple years I don't know how you can answer that question any other way Brett.
Great day I think it's very hard argument for the president to make and more -- also because he's going to be adding the act tax hikes as well to.
Lot of his proposals we saw this is one of the only things that's been put on the table for two voicing frustration.
By the president saying well we need to close tax loopholes we needed this and that and I don't know -- that's going to be quite palatable to the American public certainly the -- says -- The cat the tackling from the senate side.
The top of the capital seem to indicate that very very quite capital write anything here I need to -- little tackled it echoes Chirac.
We thank you and we look forward to solidarity with -- the Steelers experience -- building next year yes if the process the process Internet it's going to be hard.
Thank you here okay.
Internet about this.
Charles was on the panel last night that's your reality.
It's also your reality though that on the hunt Jonathan Hunt.
It's coming up next you.
And but rippled around us and for Jonathan Hunt which will delight you in -- and interest in ways I know that that is true district is good at what he does.
All right but before you get to the good stuff about some power points before election ago.
High ground are your Friday no -- our points today.
Articles of faith so here's the thing in this fight over spending.
And this fight over taxes in the back and forth.
We've finally come to the clearest possible relief on the two ideological views in Washington.
Which is Republicans believe you cut to grow.
Democrats would you spend to grow.
And there we are it's never been -- and there isn't much middle ground on the subject.
These is that the second -- Americans agree.
For the very reason that -- just described is that in their own homes in their own personal lives.
They associate debt with being a very bad thing they see dead as a cancerous thing to their financial well being and they're not very likely to agree with president that that was a good time to add that because money's cheap and borrowing it and so on and so forth that means.
That the Republicans have the high ground.
On this question of the sequestration these automatic cuts one point two trillion dollars in cuts that are gonna go into effect.
That's spread out over ten years so don't get your Internet and a wad over this but the truth is that the Republicans at the tiger have people like the idea of cutting government they think -- spends too much and that's true for most Democrats do.
That is also true for Democrats -- this is a better -- for the Republicans than it was when they were doing.
The fiscal -- so here's the third -- point tick tick tick.
As this gets closer the president knows all of this is true -- seen polls like this he's seen all this stuff you watch.
He's starting out now asking for a tax increase by the time we get to the end he'll do -- -- he will do anything that he can.
To avoid this sequestration because he doesn't want the money to get sucked out of defense spending right away and hurt the economy.
Heck he might even do some -- entitlements it's possible.
Think about it anyway -- nuclear power points.
Have a great weekend we'll see you back here on Monday.
As it is.