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Should there be cuts in earned benefits like social security, medicare, medicaid. why should the they take it on the back. >> question one, david gregory outlined, the president will have some -- get these bush tax cuts done. there's a very interesting "washington post" editorial cartoon that i will put up on the screen that basically takes into consideration the question of leverage here as we go over the fiscal cliff and negotiations you see, president obama has a nice comfortable bet bed at the bottom of the fiscal cliff that says more leverage for obama. that's fact. he can do whatever he ...

Yeah we have contracts with america, you know what i am going to do, i'm going to ship oil at china at a higher cost to venezuela just to give the chinese those barrels of oil rather than america. >> glenn: when does that start? >> he is doing it right now. any additional barrels that we wanted to buy here, he sends it over there. china is very smart. china makes its bet bed with many different countries. >> glenn: let's talk about china and russia here in just a second. >> next one, iran gets involved all bets are off. you could ee $7 gallon gasoline, $550 billion of american consumer's incom...

Yeah we have contracts with america, you know what i am going to do, i'm going to ship oil at china at a higher cost to venezuela just to give the chinese those barrels of oil rather than america. >> glenn: when does that start? >> he is doing it right now. any additional barrels that we wanted to buy here, he sends it over there. china is very smart. china makes its bet bed with many different countries. >> glenn: let's talk about china and russia here in just a second. >> next one, iran gets involved all bets are off. you could ee $7 gallon gasoline, $550 billion of american consumer's incom...