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Former advisor to President Clinton, Doug Schoen, on criticism of lawmakers and his outlook for the fiscal cliff and markets.
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Our Lauren thank you very much cannot get any worse than being compared to a car sales level.
-- -- take issue with that but the majority believe it or not Americans -- say.
They have a very low opinion of their lawmakers when it comes in just being on it.
Just about those pushers at your local car dealership -- -- is a former advisor to President Bill Clinton welcome you make -- It fits well I've been in this profession for a long time so I've seen it now bottom line.
There's only one category below politicians -- that's political consultants my former and sometimes current profession.
Bottom line people are just cynical and with justification or because they look at what's going on Washington they can't make any sense of it.
You're too self deprecating first -- -- but secondly.
Do you think it's changed fell at all or do you think we're just -- fever pitch with the -- coming it's getting worse you know.
It used to be that there -- -- people in the senate and the house wanted to do the public good.
Right now as I look at the process neither side is really committed to -- OK so what's next then because it is very interest in this weekend here.
For example John Boehner on with that Chris Wallace on Fox News basically saying -- were nowhere okay.
But shouldn't he counter what the president said last week even if they think it's a ridiculous offer which I think so you know I if I -- Advising the Republicans which are most -- -- -- not -- I would be or frank and Republican plan that was pro growth now pro job creation.
Reform taxes.
Got rid of Grover Norquist and said here's what we're for Mr.
President get it out -- here's our plan now and I -- said let's bargain in good faith.
I'll tell you watching the Sunday talk shows you hear Geithner saying tax rates have to go up Republicans that are deal within and they're saying of it's a total stalemate.
Do you think that was just all for show though because it seems like so many of these deals in Washington.
At this time of year do you happen the eleventh hour last three years especially with taxes.
It it may have been for show but -- and I think the -- very important and if we get a framework.
Around December 31.
At midnight.
They'll probably just be that and the markets will I think -- react predictably and that's not.
Positive right if we go into a recession because we don't have a real.
Budget or tax plan I think we can all be hurt that's kind of a wildcard in all this -- how the market's reaction to be just don't know we don't to possible the predicted but did you might be right they might sell off -- because going over the quote unquote cliff.
For a few days or week which is probably not the end of the world if they were able to get a decent deal done if you could move remove that potential market reaction.
From the equation employers aren't hiring you know you read story after story about small businessman.
-- a look with -- obamacare and we uncertainties.
About our tax policy I'm just not gonna invest you think they'll get it done not -- kind of with more that that was a -- show this weekend lot of gamesmanship which you mean you know how these and I think there will be some sort of framework to cheap.
I don't think there's going to be meaningful debt.
-- deficit reduction I don't think we're gonna reform entitlements and I certainly don't think we're gonna do tax reform I think they'll be a deal inform.
But I really think there's a lot more to get done.
Part of now we done -- I'll ask one more if you want.
-- they really have to raise taxes I mean really really really because I think people are pretty much -- that's gonna be the outcome.
I think that they need to raise revenue how they do it right whether -- some tax increases or some limiting of deductions.
But bottom when it shouldn't be hard to bridge a gap.
That appears to be getting wider and wider this is no matter what it looks like but that's almost a given at this point it I think it -- some sort of higher taxes.
Are coming Doug thanks thank you shown yes many questions as you want -- -- Register here it's not taken does when she's here to.
-- had.
