Detailed text transcripts for TV channel - MSNBC - 20121118:

Detailed text transcripts for TV channel - MSNBC - 20121118:20:32:00

beltway, how much leverage do they have? >> the thing about those guys is they, they really haven't offered many specifics. so one of the things you keep hearing from conservatives and some of the ceos, not all of them, is that we don't want to see tax rates go up. we want to see a broader tax base. make up the revenue you need by closing loopholes. yet, they never seem to offer any loop did the holes, when you do start talking loopholes, it's investment income, charitable giving, mortgage interest deduction and you get investors saying your loophole is my job creation program. so that's why i think the president is correct to stick with these ideas. >> no deal happens, credit rating goes down. what does it mean in the world financial markets, when we're looking at big lenders, like china and japan and others that are giving money to the united states. does this -- therefore decrease the confidence in the way we can make money here in the united states? >> yes, i mean the big concern

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