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Pelosi. in an hour she will hand over to john boehner, four years after he gave to her. it s now my privilege to present the gavel of the united states house of representatives to the first woman speaker in our history, the general lady from california, nancy pelosi. now, she s the moy norty leader in the house, becoming the first speaker to continue leading her party despite losing the majority. for her part pelosi said she s looking forward to working with republicans. i m joined by msnbc contributor michael and pat and care rn back with me, as well. i want to play for all of you what happened a couple minutes ago before the congressional black caucus. this was the first thing that nancy pelosi had to say. yes, i am still speaker of the house for a few, for a short period of time. but one of my last acts as ....
Are republican and more than 40 of them are backed by the tea party. first on the agend frau the republican majority, they have said, repeal the health care reform law. i m joined now by representative elect bill hulzenga from michigan. you re about to start something very new in your life. looking forward to it. very eager and i think myself and a number of my freshman colleagues are ready to go. so one of the things that the republicans says that you want to repeal health care and you also said the key for you is bringing down the deficit. yeah it. the argument that is made if you look at the cbo, this is a nonpartisan group and they said it s going to save over $190 million for there to be this new health care law. is there a a $143 billion, is there a disconnect there? you want to repeal it even though the cbo says you re going to save $143 billion. a number of experts i talked ....
Unemployment insurance benefits extended for the neediest americans, we had to give another $140 billion to the rich and for what? are we trying to establish an america where everyone works as a butler? are we trying to establish an america that leads in the construction of yachts? i think that he gave up too easily. he did, however, get that compromise. and he got a lot of other things through as the white house would argue. i mean, given the fact that the house has such a strong republican majority now, are you expecting to see a lot more c p compromi compromise? would you encourage more compromise? i think that the people who represent the democratic party, african-americans, latinos, labor unions, people like me who are pro-peace, we need to something for our efforts. and the president needs to demonstrate that he can be, not only the president, not only ....
Us. this is a big deal for us. they re really going to try and frame it as wall street versus main street and democrats on the side of wall street and this is the first step in passing this monumental legislation. remember, the house passed it a few weeks back in june and now it s going forwardç for final passage this afternoon. tamron? luke, let me ask you this, this is a big part of the agend frau the democrats moving into the midterm elections what they can push to the voters that they are making changes that people can believe in, but there are some skeptics out there that say wall street will find ways around this. this does not have the teeth that the democrats claim it has. absolutely. one of the skeptics is a democratic senator himself, russ feingold of wisconsin who actually withheld support from this bill saying it does not go far enough. that there are too many give aways to wall street, specifically in regards to what exactly they can trade with, some certain tax brea ....