Transcripts For WHUT Charlie Rose 20121026 : comparemela.com

Transcripts For WHUT Charlie Rose 20121026

Rose additional funding provided by these funders. And by bloomberg, a provider of multimedia news and Information Services worldwide. Captioning sponsored by Rose Communicationsni from our studios in new york city, this is charlie rose. Rose nancy pelosi is here, she is the minority leader of the house of representatives, she has served in congress for over 25 years, in 2007 became the first female speaker of the house, her commitment toco Democratic Politics has made her one of the partys assets as november election approaches, democrats are hopeful they can take back control of the house, i am pleased to have her here back at the table. Welcome. Thank you, charlie. Rose you have been driving around, you have been in ten days in nine days, nine days, tet states, what is it you hear and see out there . I mean i realize and i expect you to say pro Democratic Party things, but what do you see . Well, i see strong support for the president. There is really an understanding that in addition to his name being on the ballot and our names being on the ballot that some values are on the ballot that are very important, medicare is on the ballot, it survives in a rose it is on the ballot because there is a clear since, in fact 35 is a change and governor romney is elected there will be an effort to do away with the distinction is clear, the republicans have voted six times tto do away with the medicare guarantee. Rose right. So medicare is on the ballot, hard fought rights for women are on the ballot. In what way . A in a very clear way, first and foremost, in recent news you see the difference between democrats and republicans and the position that governor romney has taken, even in the state of indiana, regarding a womans right to choose and respect, even if you are not talking about terminating a pregnancy, just in terms of a ight and judgment to make decisions, governor romney supports person hood, and that says not only is that diminished possibilities for women but for stem cell research, for in vitro fertilization, these are specific things they have a direct impact on peoples lives, i call these things the mittmythology, the mythology that president obama has taken money from medicare and used it for obama care, completely false. Completely false, what the facts at the money was the savings from medicare were used to prolong the life of medicare as well as to increase benefits immediately, the republicans rose this is 719 yes and the republicans took that same money under the leadership of paul ryan, knowing those savings were there, and used them for tax cuts for rose romney says he disagrees with what paul ryan does and there would be a change there. They have modified ate bit but havent modified they would turn this into, they would turn this into a voucher, which means leverage is with the insurer rather than with americas families. Rose polls show that governor romney seems to be narrowing the gap among women voters, the gender gap was huge up above ten points and now it seems to be decreasing since the first debate. Well, i really believe, i know i have watched elections for a long time, that it is very hard to tell how important or how real the polling is at this time. It is a question of who has a cellphone or, are democrats more willing to be interviewed by a pollster, you know, all of those things so i think the early very stale, people communicate in a different way, voting is not just one day anymore, and again, the difference between if you are a large number of your interviews are on a cellphone on a land line. , you know, we are just going to have to wait until election day to find out what it is. But we do know that it is important for all voters to know what is at stake in the election and as i say, these mythologist that the governor romney is protecting medicare, false, that he is a champion for women, false, that his tax plan is going to create 12 million jobs, false, he wants to take us to the same tax agenda of president bush, which, in fact, took us into the ditch that was we are still digging ourselves out of. Rose let me talk about one issue that came up this morning in a conversation with general colin powell when he endorsed, in fact, president obama but this is what he said about the congress, roll the tape. I think the major problems faced either by governor romney or president obama, whoever should win the election, is going to be what to do about the fiscal cliff we are about to fly over, you know. This is something that was put in place by congress, and while we are talking about the two candidate for president , lets not forget that congress bears a lot of the responsibility for many of the problems we have now. They are the ones that write the Appropriations Bills and they are the ones who pass the legislation for more spending and for the various entitlement programs that people have troublenr with. And so i think it is a close race, i think every american should look at both candidates carefully, measure them against your own personal views. I really am pleased the way the president saved the Auto Industry and i think that brought a lot of jobs back to ohio and michigan and other parts of the northwest. So you blame the failure to find a grand bargain on the congress and not on the president . The failure to find a grand bargain, why do we need a grand bargain . Why do we need simpsonbowles . This is Work Congress is supposed to be doing, you are not supposed to need special committees to come along we have a congress of 535 people with dozens and dozens of committees, why cant they up on the hill Start Talking to one another, one another, reach across the aisle, but it will great greater president ial leadership and i think what the president said in one of his remarks yesterday is that he intends to spend more time trying to bring that leadership up to the hill and get both parties, both sides to Start Talking to one another. But every candidate can say i am going to do this, i am going to do that but in reality, if it is the congress that actually does it or doesnt do it and i dont think the congress has been meeting its responsibilities. Rose there you go. There you go. Rose a prominent membero bee next House Speaker. Well, the least important part of all of this discussion is who the next House Speaker, it is important rose the majority thats the most important part, after the most important is, of course, reelecting president obama. Rose but he has a criticism that many people in public feel. Right and let me address that because it doesnt have to be this way. And it hasnt been this way. The last two years have been extraordinary in the obstacles that have been put up into finding solutions. For example, the grand bargain, the president agreed tonr it, it was negotiated with the speaker of the house, john boehner and we all supported the president in it, if it would say 4 trillion over 10 years in deficit reduction. The president agreed to it and the republicans walked away from it. Rose well, here is Bob Woodwards book. But i dont believe that, i dont think that is right, i was there. Rose you think Bob Woodwards book is right. I read the book my understanding of the book is that he said we will both side the speaker, the president bears more responsibility. I was there. The president agreed to the grand bargain and the republicans walked away from it. Rose the book says and what others have said is that there was a bargain and then the speaker, when the president came back and said i need more on the revenue side, then the president said no, no. Rose have to deliver more revenue. Thank you for asking because clearly there is a need for clarification. President came to harry reid and to me, we were there together, he said i am not going to be able to get anymore revenue, apart from the assumption that the high end tax cuts will expire, assuming the president won, but they are not going to get anymore tax cuts, this is what it is and we both said you must take it. You must go with it. You have agreed to this, you have tried to get more tax cuts, they are not there, we dont get all we want, we will agree to the cuts that are in there but the full faith and credit of the United States of america is riding on our showing some responsibility fiscally, there is absolutely no question that is something we support, you taking, he did that, and they walked away. Rose they came to the president , the president went back to bain and said we have to have more revenue after the deal had been struck. Now that is what woodward says, that is what daily wha what happens in the room you ask bill i wish we could call him on the phone, could we have a lifeline. Rose you could probably call him. And say what happened in the room when the president said there are no more cuts revenues and we said, absolutely, we have to go, 4 trillion in deficit reduction at a time when the full faith and credit of the United States of america is in question. I dont know, i never had a conversation about bob woodward but i was in the room. Rose have you talk to bob woodward. You never talked to bob woodward about this book, you never talked to him about this book . About what happened i didnt read the book, i dont know what else is in there so i dont know if it begins from the origin of man until the future, or if it is specific to that day. Rose it is about the economic negotiations that took place during the last two years. Apparently he was more interested in talking to john boehner than hearing the other side. Rose and have you heard it is more favorable to john boehner than to the other side. Thats what industry heard but i havent read it. The press reports on it. But lets say what it is how we go forward. Rose right. And how we go forward is that at exactly as colin powell says, that there has to be leadership from the white house, which there had been, there has to be cooperation, there cannot be obstruction and, you know, it didnt have to be this way. I recently read an, wrote an op ed which you probably havent read that said the do Nothing Republican Congress it doesnt have to be this way. When we were in the majority and presidenpresident bush was prese cooperated with him on the Biggest Energy bill, in the history of our country, aids global initiatives, a stimulus he wanted with tax rebates i wanted, infrastructure he wanted rebates, tarp, tarp you have heard me say here, at a meeting that night, the chairman of the senate said we, if we dont act immediately we wont have an economy by monday, seven weeks before an election a and we cooperated with the republican president. So this idea that they come in, the president is there and they say never, no, it will never work for you and never cooperating and that is, i think, that they may have been surprised that we all said just go for the 4 trillion deficit, too big to pass up, maybe that is what changed the republican main, maybe they couldnt sell it in their caucus. Rose i want to do this one more time it is history and i want you to help me understand it. Right. Rose because i had been understanding this from bobs book and i understand this from conversation with john daily during the National Conversation during a deal between the president and the Speaker John Boehner and then. The president because of requests by democrats in the senate went back to john boehner after the deal and said i need more revenue and that is when john boehner said, no. A and thats when you broke up. Are you saying that is not true . The president may have said can we get more revenue. Rose we have to have more revenue no, no. I mean, again, you asked bill daly what happened in to the room when the president said if i cannot get more revenue, what do i do . And we said, without any question, both harry reid and i said, you go for it. And we are going to have to answer to our caucus for the cuts and the this and that but when you have 4 trillion in deficit reduction, full faith and credit, as i said over and over, you have no choice but to go down that path. You must end it. You know just that discussion of whether we raised the debt ceiling had an impact on our credit rating, that could not continue, but i will tell you absolutely firsthand being in the room and bill daly can tell you too, because he said to me rose you were there i am just saying this is i am not saying the president may not have tried to get more, but he did not condition doing rose the question is whether the asked for more revenue and at that point john boehner left the negotiations and couldnt even you know, the president couldnt get him on the phone. Take you to the next stage, john boehner said he got 98 percent of what he wanted in the grand bargain for him to walk, to brag on the one hand he got 90 percent of what he wanted and to walk away from it this really is a disservice to the president. Rose bill daly we will play and you can respond. And call him on the phone and he can tell you what happened in the room. Rose i would love to do that, if you can get the cellphone whether he do that. I may have him on speed dial. I dont know. I may have his old number. Rose i have papers here because it is important, a couple of things here, we want to talk. This is primarily, because there are two things that concern people is what is going to happen in the next our years . Yes. And what is going to happen to the fiscal cliff an what is going to happen to the debt . Here is the Washington Post your own hometown newspaper after San Francisco, on debt, that is one and the other is, ceos call for deficit action and so the question is, what is going to happen . Lets assume president obama is reelected to the fiscal cliff. Give us what you think is possible. Okay. As you know, just to put it in context, we are at a place where in in order to raise the debt ceiling the republican agreed to well, everybody agreed to but the republicans all voted for, including the leadership a plan where we would have a Super Committee which would reduce the deficit by x amount of dollars and if not, we would go to a place where there would be a firewall between five and a half billion 500 billion, defense, domestic, just to put it in rose right. Not the best way to go about it, we should have been able to do it in the Super Committee but in order to do that, you have to have revenue. Now, all of these people, the ceos rose all say you need revenue all missing in action. No they are wonderful on that score but all missing in action when this step was being amassed. Rose in other words they needed to lean on people to say we cant do this without more revenue . Right. And some of them did, and peterson he is wonderful, like a st. , in all of this, but they didnt do it. But when this rose why didnt they do it . Well, they said because they dont have the votes to do it, but, again, they took an oath to Grover Nordquist they would not raise taxes and that superseded their oath of office to the wellbeing of the United States of america, and that same night, the next day they all, over 250 in the house and senate, they also said, the most important thing they could do is to make sure that this president was a failure, and so this is a very as i say, we cooperated with president and fought him on the war in iraq and afghanistan, as ah and there is no plan here and cooperated with him wherever we could, this has been an obstructionism that is, shall we say, true to their nature, because they dont believe in a public role, and they never one way to get rid of a public role is not to have any revenue. Rose you are interesting in many ways. Including the fact yo you have a cellphone and can call somebody and add them to the conversation but let me stay with what i was saying. Looking to the future, it is my impression and correct me if i am wrong that the president has sort of said in that in the past, during this campaign, that he would argue for some kind of a ratio of 1 in revenue increases for two and a half dollars in spending cuts. Is that appropriate to what he says . Is that about right . Something like that, and you understand that during the debates, during the republican nomination one day, asked governor romney. Rose ten to one. Ten to one in cuts versus revenue. Rose and they said no. And they said no so that tells you how out of balance that is, again as you say lets just go forward. Rose thats what i am trying to do. So i am asking you, as the most powerful democrat in the congress, would you in your members and your caucuses support a dollar and revenue for 5 in spending cuts . Well, i dont know why it would have to be that. Why would it be one in five . What you want is growth. Growth is what really brings in revenue to help reduce the deficit loo so how would you generate growth. You dont do it by cutting education and training and that if you want to bring money to the treasury the most important thing you can do is invest in education from early child to lifetime learning, so you have to carefully look at the investment. Rose would that have an Immediate Impact on Economic Growth . Well, it would have if if we had done it, in other words, one year, twoyear, threeyear, all of these budgets are ten year budgets, they are all ten year budgets we are talking about, 4 trillion over 10 years, so, yeah in that period of time it would. But what we you have you put growth on the table and you say what revenue and what investment cuts or addition would would you have that promote growth . So tax doubts the wealthy at the high end do not promote growth during the bush years and the republicans want to go back to a situation that got us into this ditch in the first place, which was near depression, deep deficits and also at the same time the meltdown of our financial institutions, that is not a good idea, but again everybody cant have it their own way and so what we have is to say, okay, this is going to take some time, you are not going to do it in two weeks between the election and thanksgiving and the break for christmas, say four working weeks if they ever work that long, they havent lately but what you can do is to say, what we have in our House Democratic proposal, spearheaded by

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