You're watching...

Obama Planning to Go Over Fiscal Cliff for Political Gain?

Details

  • Description

    Americans for Limited Government President Bill Wilson on the fiscal cliff negotiations.

  • Duration 5:17
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance

Transcript

This transcript is automatically generated

I think Bill Wilson president -- for -- limited government can hear us now -- sorry about -- -- had difficulty with your.

-- device all.

Let's talk about whether the president wants -- -- the fiscal cliff for not because it is.

Some people would say it's an outrageous suggests a lot of his people say that why do you think -- so.

Well I think it's it's crystal clear that that's the case his response on Thursday night when -- house suspended action.

Was to offer a what he called a small proposal.

Spend another thirty billion dollars no spending cuts -- let's go back to my tax plan.

That's not trying to move the ball forward that that's rubbing salt -- wound.

And I think that it it's crystal clear that he wants to go over the cliff.

In an attempt to force the Republican House to cave in to what he wants what what's.

Let's be clear about what he's done and what he does want he wants to maintain spending at a pretty high level.

He increased about 25 the baseline increase about 25%.

If we go over the fiscal cliff.

He gets a lot more money it's not just rich people paying out which -- only pay about 110.

Of the deficit he'll get a lot more money so he does want that he'll get a cut in the military he doesn't seem be particularly bothered about that and if anything goes wrong.

He can blame Republicans for -- right.

Right.

Know from his standpoint.

It is a win win across the board to go over the cliff.

Have the the automatic sequester cuts.

Take the tax increases go back to the Clinton Era rates.

Which would then bring him somewhere in the vicinity of 400 billion dollars more year.

And that when the economy reacts as it most certainly will negatively.

Then he's going to blame the Republicans -- putting us into a recession.

But again let's -- -- let's put a fine point and that what we are suggesting here in this this is.

Again from the president's people I call it an outrageous suggestion is that the president is willing to send this country into were recession.

To get what he wants in terms of readjusting spending and taxation you're really saying that.

I think that he's willing to gamble I believe that the president and his advisors.

Have looked at the history of congress.

And they know that when we get a major market event.

Large drop in the stock market.

-- -- other reaction from the economy.

That those members of congress will immediately concede.

It is the exact same process that happened with TARP back in September of 2008.

And it has been if you really look at it.

What got us where we are now.

Through the debt ceiling fight in August of eleven.

And so what in that case we had the Moody's downgrade which was sufficient to then -- everybody embrace.

The sequester idea also bill I think who.

-- let me just ask because we're running out of time the Wall Street Journal have had a piece over the weekend in which they went -- talk through the various elements that -- up to two to Friday's dismissal of any kind of negotiation.

And at what white.

Speaker Boehner was in a meeting with the president of -- he's somebody who was there.

And Boehner said it what he was willing to compromise on the act allowing tax rates to go up for the rich for some of the Richard -- And he said what -- -- get back from you Mr.

President for that mr.

then the president said I get that for free in other words I'm not gonna negotiate.

Anything with you I'm not gonna compromise.

At all with that kind of attitude.

Why was speaker Boehner willing to compromise what he was willing to -- price if he wasn't getting anything back.

I believe that the speaker.

Is operating under the theory of statesmanship.

Where is the president is operating under the theory of politics and power politics.

And that day comes down to nothing more than that.

But we'll let it -- calculation is it not and if if since that is in this calculations.

Should dead that be B means for removal.

Of mr.

Boehner as speaker our guard Republicans gonna call for his removal.

I think that there is a growing sentiment inside the Republican caucus that the speaker is not up to the task.

He'll have another shot later this week.

And hopefully he'll lot he'll step up to the occasion and if he doesn't who takes his place.

Well I think the odds -- mean it's a very difficult politics but.

The odds are high -- majority leader cantor would assume the position.

Mister Kantor is been an incredibly loyal soldier to -- speaker Boehner.

And I think that the he he'll continue to -- But.

There's clearly a need for a stronger tougher negotiator and someone who is playing on the same.

Set of rules as the president right now it does not appear that the speaker it needs either of those criteria.

Very interesting Bill Wilson man who knows a lot about what goes on -- about what thank you bill appreciate it.

That's nothing new right thank you -- at -- at the.