warren will be helping to make her original vision a reality. so we are extremely proud of you, elizabeth, good luck. megyn: there you have it. president obama making news. just outside of the white house today with respect to elizabeth warren. there are several points that are important to you from a news perspective. stu varney is here from varney & company to put them in perspective. the first thing the president said was to blame the republican. the republicans were holding hostage the middle class tax kufplts in the meantime it is the president's own party that is coming out more and more saying they are not going to pass the tax cuts unless thee weeks we extend them for everyone. >> reporter: the first part of his speech was a campaign peach. it was all about tax cuts, beating up on the republicans. hark evening back to president bush, that is pure tax policy, nothing to do with consumer protection policy, which was the second half of the presentation.
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