You're watching...

What is Blocking a Deal to Avoid the Fiscal Cliff?

Details

  • Description

    Boston Properties Chairman Mort Zuckerman and Former UBS Chairman Joe Grano on efforts to reach a deal over taxes and government spending.

  • Duration 4:44
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance

Transcript

This transcript is automatically generated

-- -- right now by saying taxing the rich are going up it's a non starter is.

No I mean this into the by the same token he's got to get the approval of the house.

And John Boehner says we're not gonna raise rates we may increase taxes through.

And you thing eliminating.

Various -- special privileges you call them whatever you well.

And that it's another approach to doing get okay.

And somehow -- rather what they've got to do it's not gonna happen publicly because then everybody thinking at a baseball bat and trying to hit the other -- regular.

Do it privately that this man doesn't have any private relations.

With these people that's one of the problems of his presidency that.

Do we have a perception problem this president very successful and -- -- -- in the country between rich foreign titles -- not.

And what we really should be talking about and again I think the Republicans need to take this initiative.

If you came to me and said not to fifty but at 500000 gonna raise your rate from 35 to 38 to 9% increase -- K with that.

But I wanna see a match production and expenditures.

And I would leave that to fifty people along because.

Many of those sold for partnerships are subchapter s.'s and I don't want a lot of fresh you know if -- they're gonna do that well I don't know if that will either.

One of my biggest problems.

With the situation -- unfortunately.

Everyone I speak to.

Everything I've read.

He perceive yourself has moved smartest man at the table will that make some of them spent the table and if you're not gonna listen to -- -- -- no one has a patent on being right.

He's acting like he does.

When he started health care everything on the table first and he did tort reform off the table probably third of -- problem.

Took a write off the table.

Usually you'd think Mort but reelected president has no more elections to -- -- He did rise above the fray he can he couldn't -- date he can he can go behind.

What he's done before.

RA it's -- way early and I could be proven wrong I don't see that right now.

Relative it is a little bit early today to come to that conclusion but I have to say.

-- normally -- have a situation in his first term he would try and be constructive because that would have given them a better platform.

On which around for a second term in his second term you're not running for reelection so then you.

There dozen democratic senators disabled we are Mr.

President.

So don't you have to look at to guarantee you -- think OK but we don't you get the politics haven't.

The country needs it the countries and put on the reality -- you're quite right and I don't think that's again hit -- look his first term he could not run on the record.

So we had to run on the social issues facing the country.

In my view to Republicans.

Have not adjusted.

To the demography of the electorate and they need to get more centrist.

None of that has -- British are so -- but -- but the reality is that the Republicans are the ones run with a tail between our legs I agree -- that they were blown -- and landslide they've lost a close election.

But the fact of the matter is now they're the ones on defense I agree and it's the Democrats the one saying.

Not only does operate but get rid of the -- is still we're gonna nail it on the wall and what they don't.

And an annual tourism pioneered a New York.

Hope that it Citi investment community hopefully that'll send dividends and the talk about a whammy here while he's not inviting anyone from Wall Street.

Who represent -- my only got officials figured there tomorrow is due out next write -- so American Express so.

And on the other has -- about it well on the market and whether the individual persons and -- or get a lot of news editorial are doing errands like people on an alphabetical -- -- -- -- -- I some sort of those who don't know among -- many other exploits of that mr.

Zuckerman is the New York Daily News on when you did debt.

Endorsement or your paper to before.

-- not endorsing the president.

But Mitt Romney in this very.

Pro Obama town.

-- -- I don't know whether or heard I didn't think of it in those terms I really you know we endorsed Obama the first time -- actually endorsed Hillary first and then Obama.

And frankly I've been a Democrat from my entire life.

Having said that I had enough exposure to the administration.

Fairly close up to the president and his closest -- and I came to the conclusion that.

These people just don't know what they're doing the president just has never run anything there's -- saying that we have in Canada which goes as follows.

If you gonna try cross country skiing for the first time because small country.

-- it's you don't sound when you don't part of the tonight it's wait and all of -- Get somebody there who knows how to run something particularly around the politics got to perform well unfortunately.

If I continue your Canadian analogy.

There's another one if you can't get the puck in the net get off the ice but we didn't we can achieve that so little amount of analysis but thank you gentlemen all again I don't wanted to dig.