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If they agree to pay, then they pay. if they don't agree to pay, then it goes to the panel for review. that sounds like a fair way of a check and balance system to see, can the right thing be done, and can it be done quickly? zbl let's talk about strategic retreat. in military terms, if you know you're losing, you go back and fight another day. is that what tony hayward and his people decided to do before they went to the white house yesterday? >> they have no bargaining leverage whatsoever. they are in deep trouble. if they want to continue to be operators in america and make full use of all ...

Nuclear and i'll do offshore drilling, the things that you really want. then he would get a grand bargain on an overall energy strategy. he's in effect made a peremptory concession on this. he's lost some of his bargaining leverage. this is a different form of leadership than what we're accustomed to. i'm surprised. but i'm not at all surprised that he embraced it ultimately. he's been telling us that in various ways. >> i guess some are already suggesting he wants to reposition himself more towards the center on this debate and move away from his more liberal democratic base. >> that's possib...

Spending. >> 10%. >> you can cut across the board. what that has affected so far, in government spending. astronomical levels has gone down the past couple years because of this, there's a new round of sequester cuts. set to take effect early next year. that's looming out there, the democrats would like very much to have those cuts lifted. and gives the republicans some bargaining leverage as they try to work these other things out. >> final thing. i think it behooves the gop, the republican party to basically let the obama care go out and just have the american people be so stunned that they ...

Certainly, but the crisis is not a debt crisis right now. it's a jobs and wages and growth crisis. i think the president has got to speak to they people and come up with a real jobs plan. >> when they're sitting around talking a breakfast, perhaps at the local dinee, or late at night when they get together with the guys, what do they want to hear this president do to regain the stature he had coming into the offices? >> to do, not talk about. >> i think they want him number one to do things like exempting the first $20,000 of income from payroll taxes for at least two years. that would put mon...

Certainly, but the crisis is not a debt crisis right now. it's a jobs and wages and growth crisis. i think the president has got to speak to they people and come up with a real jobs plan. >> when they're sitting around talking a breakfast, perhaps at the local dinee, or late at night when they get together with the guys, what do they want to hear this president do to regain the stature he had coming into the offices? >> to do, not talk about. >> i think they want him number one to do things like exempting the first $20,000 of income from payroll taxes for at least two years. that would put mon...