Detailed text transcripts for TV channel - MSNBC - 20101207:18:27:00

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problems. >> as you describe him, quote, in the wilderness to use the caption on your political column, how do you see him working his way back? is this tax cut compromise dealing with the realities and going up against his base, could that be the trajectory toward a more constructive relationship with the business community, with the financial markets and with congress ultimately? >> i think this is the path he has to follow, whether this is the one he wants to follow or not. really his only danger in following this path, and the path is a simple one. let's get things done. the only danger really politically is that he gets challenged on the left in a democratic primary in 2012. but at this point it's hard to see what figure would really challenge him. other than that, the only downside, and depending on how you feel about deficits, is the huge deficit cost of this compromise. $800 billion. i don't think either party can any longer claim to be concerned about the deficit.

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