because it s an urgent matter. we ought not to have an arbitrary deadline forcing this process. we ought to be sure that we have the best product. let s talk about the sticking points that you re working through. one of the proposals is to improve irs enforcement of existing laws, which is estimated to increase revenue by up to $100 billion without raising tacks. a number of your republican colleagues, though, they are coming out against this approach. senator ted cruz called it a foolish and dangerous idea. so, is irs enforcement still part of your proposal or not? well, one reason it s not part of the proposal is we did have pushback. another reason is that we found out that the democrats were going to put a proposal into the reconciliation package, which was not just similar to the one we had, but with a lot more irs enforcement. so, that created quite a problem because the general agreement is that this is the bipartisan
nancy pelosi do it for him. i guess my question is how does the white house want the senate to handle this two-step because as you point out, once we start getting headlines from bernie sanders, whether it s $4 trillion, $5 trillion, $6 trillion, that has moderate democrats, not just joe manchin, but the house really concerned. the president said he doesn t want to deficit spend. any big number would mean raising tacks, which is always a tricky thing to do. so how does the white house plan on shepherding this bipartisan deal along while all of this is playing out and at every turn threatening to undermine the trust that you were talking about. this is why there are so many questions about can you really operate on two tracks in the senate alone. i think when you think two tracks, you think the house can do one thing while the senate is doing another and then you
they need they re doing this here s where it gets tricky when the global economy is slowing down. they have to do it at the worst possible time. do you think that jeanette janet yellen, head of the fed, was a bigging occupy barack obama, the economy. it wasn t just her. is was ben bernanke. did she succumb to political infelonies? did the federal reserve say we ll finance this i think the fed i don t then it s that direct. they know they can recharge. the economy has never been that strong. following the financial collapse. president obama probably at the margin more than at the margins made it worse by installing obamacare, raising tacks and regulations in the face of those head winds there was one game in town, the fed, and called printing money. they knew it and janet yellen was hit first pick, it was larry
ability to say here is what we re willing to put on the table. martin? kris ktin welker, thank you. with us is msnbc political analyst karen finney and political analyst michael eric dyson. they are all telling us higher taxes would result in massive job losses, higher inflation, and the collapse of industrial jute put. this week the stock market has broken records virtually every day and now we have a much larger than expected jobs report and clear signs of recovery within the housing market. what happened or is paul ryan as badly mistaken as we suggested he was three months ago? yes, he was, although i do love the fact that apparently from what we know at this point in his budget next week, he s perfectly happy to take credit or account for all of the hard work that president obama had to do in terms of raising tacks on the wealthiest as part of the
president obama does not have a foil on the republican side. he does not have someone that he can deal with. mitch mcconnell maybe, but, remember, mitch mcconnell is up for re-election and is worried about a primary in 2014. you know, when we talk about the possibility of a big deal, i think boehner has been weakened by what happened with the fiscal cliff. mcconnell, i don t think, is fundamentally predisposed to do anything. particularly if it includes raising tacks. so who does he make a deal with? who can deliver the votes? and in fact, the senate democrats who are talking about the republicans in the senate who now are a little frightened by the election results and perhaps are looking for ways to come up with solutions, they know that the problem is, mike allen, in the house. the other thing, of course, that s going to be very emotional and send very strong signals is the presence in the chamber of all of these victims, from gabby giffords to the parents from chicago with the fi