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Detailed text transcripts for TV channel - FOXNEWS - 20121112:09:21:00

Boehner vowing to work with president obama on the challenges facing the nation the first the fiscal cliff, a toxic combination of tax increases and automatic spending cuts especially in defense that could take effect january 1st. so, we pointed out in the last segment, republicans held the house with minimal losses despite a big democratic year. can boehner think, look, got as much mandate as the president? i think he should absolutely think that, paul. the president made clear, didn t really run on the second term agenda and didn t talk about it much. i ll tell you what the mandate is right now, the mandate is that fiscal cliff, the bipartisan mandate. paul: to go off it is the mandate or not to go off. i think the stock market went off in the last week, people are saying pretty clearly you ve got to do something about this now. i think they have a lot of leverage here, because if something isn t done, the economy is going to decline, maybe go into recession and i think employm ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121112:09:34:00

And talk from the bottom up and also as jason riley said, make people welcome. let them know that they are welcome in this party. don t give this hectoring tone, i don t know, about things like marginal tax rates which is sort of the language all humans don t speak. we speak that at the wall street journal. how do you think that president obama emerges from this, it was a negative tiff, relentlessly negative gain, has he emerged enhances after being elected. governing a second term? i ll tell you he was an incumbent president, he just won by a smaller margin than he did the first time out, this is the first time since woodrow wilson a second termer won by fewer votes. in a funny way, it is possible that the president, looking back now on everything, might, ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121112:09:41:00

paul: that was president obama tuesday night promising to work with republicans on some big issues. the president wasn t exactly known for his bipartisanship in the first term, will the second be different? we re back with dan henninger, jason riley and kim strassel and james freeman also joins the panel. so, the president s second term s usually not successful. usually not. there are exceptions, but, what does the president need to make his better than the first. well, i m certainly hoping that he was telling the truth when he spoke to the des moines register and told them he was going to push corporate tax reform to eliminate deductions and simplify without collecting revenue and work with republicans to get rid of necessary regulation. so if that s true and nothing in the first term to suggest that it is, then he might have a decent second term. paul: that s the thing, the question that i was talk to ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121112:09:43:00

And i think some of this will depend on what lessons the republicans take out of this election, demographically as we were talking about, whether there isn t some self-interest to them and actually taking a lead on immigration reform, although there s a lot of what we did on tuesday, status quo to government, divided government. i don t see a huge amount of willingness on either side other than the the immediate things they will have to deal with like the fiscal cliff, to work on anything big together. i think when said i m sorry, go ahead. paul: dan, if you look the at reagan s second term and clinton s second terms, they had ups and down and obviously clinton was impeached. and reagan iran-contra, the second thing that defined them was growth, rapid economic growth and good feeling in the country about their presidency because of that. obama needs in my view, faster ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121112:09:22:00

High as 10%. paul: if we had another recession it would have. if you re the president of the united states in a second term, you do not want a legacy, unemployment the lesson, don t give in at all, you won and if you go off a cliff, you blame them and they ll get the blame. he has no other term. i think obama s going to start thinking about his legacy and i predict he may throw the left over the side to do a deal with the republicans that enhances his legacy. paul: kim, is there any evidence from the first term that the president is about to slow the left over the side? and working he governs to the left in the first term. is he going to change? yeah, and he campaigned to the left, too. one of the problems was that he spent all of this election, the only thing barack obama campaigned on, really, for a second term agenda was his vow to raise taxes on the wealthy. so, now we come back, the day after the election, the white house has already come out and said we re not negot ....

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