i would make the case the election was kind of a voter mandate to repeal obamacare. republicans won three overwhelming elections with that message. every republican who virtually ran for the senate and house ran on promising to repeal this bill. maybe something has changed since then in terms of even if you look at the polls it s gotten more popular. here is why the opinion has changed. because the voters aren t too wild about the republican bill. so, they re kind of saying, if it s obamacare or the republican bill, we ll take obamacare. that s why republicans have to revisit this issue and say, look, convince the american people we can do this, use free market reforms that got the worst features of obamacare. the essential benefit feature of obamacare is one of the worst features. it s what s driven up the cost of health care. young, healthy people have to buy health insurance plans that cost them two or three times what they could cost if they could just have a scaled back plan t
quoted saying, we could see next week a market rally come back from this. this might be temporary. sure. politics does play a role but earnings is always the most important thing when it comes to the stock market. the real question i think investors are asking and consumers and businesses, what s going to happen now with this budget situation, the fiscal cliff, the taxmageddon ? all these things are completely up in the air right now. jenna: when we talk about the fiscal cliff, we use it like everybody knows it. fiscal cliff, there it is. the fiscal cliff is these automatic tax hikes and automatic spending cuts. that s right. spending cuts. jenna: all the money comes out of the economy with spending cuts. you would have a certain group of economy hurt by higher taxes. some suggestion that combination could cause recession. let s go through this. you re right it is a little complicated. first you have got the tax increases. president obama won the election. look i told people i w
good evening, everyone. i m erin burnett. outfront tonight, carte blanche. this man smiling with president obama could save or sink europe s economy. and ours. francois hollande has just won free reign to two whatever he wants. while american headlines today went all in on greece. when all is said and done, is just another delay of the inevitable default. the fate of europe was decided in paris. france is the heart and the wallet of the eu because france isn t greece, or even spain. it is the eu. second only to the almighty germany in size. if either fall, the eu is done. and that s why the vote in paris is the story today. overnight, president francois hollande s socialist party got a voter mandate, winning an absolute majority in parliament. that s like controlling the house, the senate and the presidency. and hollande plans to use it. he has promised french voters the moon. this really isn t, everyone, about taking a side on the spending versus austerity as a national po
good evening, everyone. i m erin burnett. out front tonight, carte blanche. this man smiling with president obama could save or sink europe s economy. and ours. francois hollande has just won free rein to do whatever he wants, while american headlines today went all in on greece which, when all is said and done, is just another delay of inevitable default. the fate of europe was decided in paris. france is the heart and the wallet of the eu because france isn t greece, or even spain. it is the eu. second only to the almighty germany in size. if either fall, the eu is done. and that s why the vote in paris is the story today. overnight, president francois hollande s socialist party got a voter mandate, winning an absolute majority in parliament. that s like controlling the house, the senate and the presidency. and hollande plans to use it. he has promised french voters the moon. this really isn t, everyone, about taking a side on the spending versus austerity as a national pol
good evening, everyone. i m erin burnett. out front tonight, carte blanche. this man smiling with president obama could save or sink europe s economy. and ours. francois hollande has just won free rein to do whatever he wants, while american headlines today went all in on greece which, when all is said and done, is just another delay of inevitable default. the fate of europe was decided in paris. france is the heart and the wallet of the eu because france isn t greece, or even spain. it is the eu. second only to the almighty germany in size. if either fall, the eu is done. and that s why the vote in paris is the story today. overnight, president francois hollande s socialist party got a voter mandate, winning an absolute majority in parliament. that s like controlling the house, the senate and the presidency. and hollande plans to use it. he has promised french voters the moon. this really isn t, everyone, about taking a side on the spending versus austerity as a national pol