they hear about taxes. that does, on the small business level freeze economic ak fifty. it s all part of the uncertainly we are all talking about. if we could get a plan, it would be reassuring to them. it would have a very positive impact on the fiscal situation. i think that would help with business confidence. i get that uncertainty. it s the problem. one thing that the president and congress if they sell grus to get the money out is the way this affects small business owners is if we don t take care of it, interest rates go up. the 3% interest rates become 6% and 7% interest rates. i know the argument, joe. the reality now is, the political reality is john
mcconnell and joe manchin and nelson in the center and put together a center right deal and roll it across. it will go through. boehner will be the guy on the cover of every magazine, if he can rise to the occasion. they will kill him in the senate. work with mccon el and get every republican vote. if the senate kills it, it will be senate democrats. who will have shut down the government, joe? hmmm. i m less focused on that than getting the big deal. i understand the politics of it. joe, the big deal is dead. pat, big deals are never dead. no. pat. boehner can t get it through the house. he needs a moment? does he mean the moment if john boehner tries to push
senate. does anybody around this table believe that barack obama is the river boat gambler that bill clinton and dick morris were? i don t. no. at the end of the day, he will sign any bill he gets that extends the debt ceiling. chief white house correspondent from political. mike allen. good morning. good morning. you are reporting on the dynamic developing between house speaker boehner and eric cantor. tell us about it. that s right. speaker boehner got blown back from republicans below him and the freshmen who signed all the pledges, niz number two wouldn t vote for the 4 trillion tlars pop up message.
lowered rates and get rid of the exemptions. it s good politics. here is where boehner s opportunity lies. he can come back to the caucus and take the league. president obama expects out to lunch to get $2 trillion in taxes. boehner can craft this thing to go across to the senate. the senate won t take it. fine. let the liberal democrats veto the thing and the house can pass another and send it over with less cuts until they finally take it. the republicans got past the debt ceiling. they have to have major cuts on there. if they can t get them out of the senate and they veto it and stop it, who shut the government down. if we get to something so we don t have to go beyond the deadline. is it good for the economy because we can move on.
the right, had he started this in may, we wouldn t be facing this. for peggy, would be how do you all get out of this thing without looking like you all killed it. sorry, pat first. very simple. senator schumer, john boehner on the 21st, 22nd of july, they pass an extension of the debt ceiling with say $1 trillion in cuts. are you telling me they would veto it or block it or let the government go into default rather than deal with that? i don t think so. let me say two things first, pat. right now, you have 40 republican congressmen who won t vote to increase any debt ceiling. right. you are going to need