more money? or do we cut spending to take out less money? what we re going to do? at the moment, political calculation is it s a dead heat. total split. if there is a clean-cut decision in november, either way, it s a really clean-cut decision, a sweep by one side or the other, all of that goes away. you will have agreement on how to solve the debt crisis. you will either raise taxes in the event of a democrat sweep or you will cut spending and reform entitlements in the event of a republican sweep but absolutely, that won t happen if it s a split decision. you re back on again with another debt crisis. and the fight was on again yesterday over lunch at the white house where the president has been at personally and picked up some fancy gourmet hoagies. he said you have to raise the debt limit. boehner says you re talking about some cuts, aren t you? he said absolutely not. that s when he threw down the gauntlet. they re miles apart. this is not going to be resolved
we can t that for the voters. total split. taxes, peter orzack, former budget director and many people in the senate, democrats in the senate and democrats in the house, they want to extend all of the bush tax cuts for two years. president obama as this morning in cleveland, he will dig in his heels and say no, we ve got to tax the rich come january 1st. then you have health care reform. if that s not the crown jewel of the obama administration s first year in office, what is? and democrats are now running away from it. they re not standing for re-election on health care reform plan. total split in three key areas. and so i guess the operative word for a democrat is to claim yourself to be a moderate right now if you you know, let s face it, they re all trying to get re-elected and that s going to be the important term. could unemployment, do you believe, stuart, hit 10%? yes. will that happen before the midterms? well, there s only one more unemployment report that comes