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President Obama had to Kansas today to make what the White House is calling a critical economic speech in my opinion it will be a class -- -- -- we've got to tax the rich.
And -- -- panelist on the default on fox uses a hit show of the five if it is live with us here on volume -- -- yet.
I think he's going to play class wolf.
He's playing -- -- but with the extension of the payroll tax holiday tax the million as and that we can get but he attacks break.
I think that might be a winning a political strategy you're a Republican what he's well.
I'll tell you what is a winning political strategy that is putting Republicans in a corner on these issues of extending unemployment benefits and the payroll tax.
And the AMT all these things they -- these bills together the doctor fix reimbursing doctors for Medicare payments if they put them all together Stewart right before the Christmas holiday than they can use all these -- -- if you don't ask this.
-- a bunch of gracious and they did is chairman for years ago with the auto bail out and it's a very politically potent.
Argument to Republicans you know you see them as being for the millionaires around Christmas time when people are struggling.
But I think the Republicans will be there on -- I think they're gonna pass these items unless Boehner.
Goes to the rules committee and says break it out but I still think.
It it's not it it's not a winning issue -- cents a Republicans are actually gonna go along with -- -- -- Walt will the Republicans K how will they painful this.
Well he hears the biggest issue as you -- -- class warfare -- he did this with the jobs bill.
He's using the same track for everything that he wants tax the rich tax millionaires and the witnesses.
He's tried that tactic of using that offset and it's been rejected.
By a democratically controlled senate.
Over and over and over remember Democrats tried to bring to the floor a separate tax on millionaires to pay for his jobs bill and it failed miserably so he knows this can he then and be done -- the republic Republicans say they say that this is what they're gonna do they're gonna come to the table and say some other form of spending cuts.
That's gonna be their bargaining chair of the go to detail while they on before they passed they absolutely against us and that's what they're gonna come to the table and say that you don't know what the halt what despite down but they should do entitlements will have some -- -- -- senate to get together a committee of some sort of figure out whether spending -- I don't think there's time for committee.
I don't there's not enough time.
So is going to be a novel last minute thing all right we've given OK you've got -- thing about Republicans -- pass a number of jobs proposals and spending cut proposals in the House of Representatives they'll probably pull from there.
That in which case present Obama -- this politically.
But again won the economy's not gonna turn around on just -- -- tax cut extension.
And a lot of people aren't gonna remember this one it's not gonna be a winning issue firm in the long term it's just gonna be forgotten like everything else.
And if that's the case then -- -- that it wanted to come this far you know -- at the super committee -- wanted to hold that thing I mean what do what what are exactly fighting for the Republicans are gonna cave.
What what what will that.
That's a -- -- the accountants yet Democrats are protecting their entitlements that's their biggest thing and Republicans wanna massively cut spending and they don't wanna tax the rich so that's where the big.
The big -- is gonna happen.
But look he's comparing himself to data Roosevelt.
Roosevelt Roosevelt has said no man was worth his salt and public life.
Who makes on the stump a pledge in which she does not keep until after election anything makes such a pledge Stewart and does not -- keep it -- -- out of public life.
That was Teddy Roosevelt -- right let's be clear yes.
Who made the speech in the same town in Kansas that President Obama speaking out today and Obama commandments up to Roosevelt he compares himself to Lincoln he compares -- -- and but every time we impairment Carter the real -- -- says he -- and he's on any running as Truman.
Yes -- right.
Billion he's approval rating is still only 43%.
That's -- but just -- -- as an ability if you really is going -- uses his -- connect -- dot speech.
One of the financial regulations that.
The average American -- started to feel that pain in their pocketbook.
They did it now they get that this regulation has boosted their AT&T they're they're getting it now yeah do you really think he's gonna be able as you know sort of fake this and you know -- the American people that these things are working.
I think it all depends on the job numbers okay so we saw that some numbers on Friday the White House said that this was a great thing but if you actually -- those numbers apart look into it it's not.
Such a great I think it's the -- I think if they don't pass this apparently if Republicans wouldn't go along with this payroll tax cut these data came forth then.
He has I think a winning issue but Republicans are gonna given that they're gonna compromise would station -- to -- gonna compromise are gonna go along with that problem with -- spending cuts.
You make a great point how Democrats stand up and say.
Wall Street is the villain look at Wall Street they're out of control with the same time at the out of the other side of their mouth they're saying that the Dodd-Frank bill reformed Wall Street we passed the most comprehensive reform of Wall Street.
Well which one is it because community banks -- -- have to tell you guys are strangled.
They can't loan -- -- -- sun is right people are feeling the pinch.
Democrats are not going to be able to get away with that argument I think they reformed Wall Street and it's still badly on the 5 tonight I am told about the Kansas leaves no doubt we sure are we'll have a buy them yeah.
Thank you look at it could --
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