going to ask me for money, big money for the re-election bid, a.b. bill daley, chief of staff changes the dynamic a bit. is it going to be hard for the obama administration to raise a lot of money? very hard. they expect minimum of $500 million to come from the outside group to help the republican candidate. they look at disappoint fire department the union and the group that rally to the cause. the business community will not give to barack obama the way they did in 2008. he will see a diminished performance in the record-breaking contribution. excitement is not going to be there, not the same. so he is looking at what he thinks is a $1 billion election. seeking to raise money from disspirited base. deep pockets in the business community won t give to him the way they did before. bret: charles? 2008, the wall street community, big money they had given him over $40 million. he is not going to get that,
front of us. medicare is going insol vent later in the decade. and medicare is the greatest cause of our debt problems. reporter: that s because medicare faces a triple whammy. first, million more seniors signing up as baby boomers retire. two, aging pollation uses more healthcare. three, prices on medical care keep rising. liberal defender of the program, also warns of the problems ahead. bret: if we want the country to have advances in medicine, we are going to have to pay somewhat higher taxes. if we don t want the taxes to go up, we re going to have to have increasingly large rationing of healthcare. analysts warn seniors about to sign up they didn t pay as much in taxes as they re going to receive anyway. for the typical person, amount they paid in medicare taxes is nowhere near enough to pay for benefits they ll receive over the retirement.
business will be more wary of president obama and the promises he make. i don t think however that businesses and corporations and the big dollar donors give for ideological reasons. if they did we wouldn t have seen them give to president obama in the first place. they give for access. while there may be some falloff in the money he gets among small donors, i don t think he will fight an uphill battle on funding. bret: even with the regulations that have come out of healthcare and financial reform? no. people want access to the person they think might be in power. if he shows he might remain in practice, people want a piece of that. it s not abstract ideology. regulations that the government will impose on them and their livelyhood. it impacts them directly. people will use their money to support other people in government who are not going to cut off their livelyhoods. bret: so if campaigns cost too much, do you think the government should regulate
some will end up in the hands of republicans. people who have been life-long democrats are going to switch over as a result of the kind of rhetoric that we just saw obama talking about. wall street. pretty negative terms. and the policies. i think these are people who are looking at as you mention, the bill daley appointment, banker. they won t be fooled. this is two years where obama will play the centrist, but people on wall street are the people who have to make predictions and their livings depend on it. they know if obama is re-elected he will be the obama of 2009/2010. when he s unleashed and has no check on him in terms of another election. so i think they understand that this is a repositioning that is not actually going to be serious. he will be anti-business. bret: we may see more in state of the union on the 25th. after that, he visits the chamber of commerce on the february 7. steve? yeah, it will be interesting. charles is right.