required under that bill, that it s going to require a significant amount of oversight. so that not only will the congress understand, but the american people will understand, just what this bill will do to our financial services industry. thank you all very much. [inaudible question] jon: that s the man expected to be speaker of the house, john boehner, currently the minority leader. when congress reconvenes he will be elected to replace nancy pelosi, her era as speaker will come to an end. he was there along with halely barber, chair of the governors association and mitch mcconnell, minority leader in the senate but leader of a bigger minority and you heard john boehner suggesting there that democrats may want to get on board this voter wave, or they may find themselves losing even more seats in the next election. we ll see if that comes
pennsylvania and marco rubio of florida, to name a few, jen. he went through, well, some controversy, a little controversy, when he was working against, it seems, some of the established g.o.p. leaders during the primaries, had there been any fallout over that. there has indeed, he has alienated establishment republicans who say that diment s support of for example, sharron angle, and in nevada and christine o donnell in delaware, who both lost by the way, they say that that may have cost republicans chances of establishing a majority in the senate. but he says the g.o.p. needs to practice what it preaches, when it comes to limited government and less public spending, even if that means putting heads with other republicans or doing away with popular earmarks. listen: i ve tried to be a team player with republicans, for years, and, this is my 12th year in the congress, 6 in the house and 6 in the senate and i e
have left? a president, who the vast majority feel are too liberal, we re going to be left in congress in january with fewer moderates and more very liberal democrats, same on the republican side, there s very few moderates. jenna: are you saying the republican party is being taken over by the tea party? a few elected can go elections did go to senators that were tea party-backed but if you see jim demint s comment t. doesn t seem the republican party is taken over by the tea party. is that a fair statement? i don t think the republican party is going to be taken over by the tea party. the tea party is our national consciousness when it comes to fiscal issues. the about him line is bottom line is if we don t restore confidence in main street we re not going to go everywhere and everybody is going to be out. i have to stand by that jon: what about the consideration, bernard, that president obama has
and we hope that he will continue to be willing to work with us on those priorities. but as i said last night, the new majority here in congress will be the voice of the american people, and i think we clearly expressed that last night. we re going to continue and renew our efforts for a smaller, les costly and more accountable government here in washington, d.c. i also want to say thanks to my two colleagues. as most of you know, senator mcconnell and i have worked very closely together over the last five years or so, haley barbour and i have been friends for the last 20 years, and we have a real partnership, and i m proud to stand here today with both of them. mitch. well, at the risk of this sounding like a mutual admiration society, let me also say what a pleasure it s been to work with john the last four years in other
party voters and republicans will reach out and try to find areas where we can agree on reigning in spending. i would think that in terms of opening up trade to make our goods more competitive and accessible to foreign markets would be an area where there could be some common ground but the notion that well, then republicans should come in and we should cut spending here and raise taxes there, i don t think there are many people right now on the economy or in the electorate who say yeah, we re going to send some of these people to washington so they can help raise tax, that s not likely to happen. jenna: since you did work with the former president, george w. bush, you re working with karl rove now to help back some of these republican candidates, what do you think you ve learned from your time with the former president, that mistakes that republicans shouldn t make this time around? look, i think obviously president bush, i m very proud of my time with president bush, i do think the