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We're not doing anymore. >> i think at this moment in time as we live from cliff to cliff, we do need leadership in terms of bringing the two sides together. i think that's what the public wants. from economic standpoint $85 billion is not much for impacts. i think wall street is seeing this as scare tactics. if the market really believed the economy was going to be paralyzed on march 21st, we would not be trading near record highs. that's exactly where we are right now. nobody likes a sequester. to me it's more of a national security issue. they are so blunt, cuts in defense, as well as discr...

Now it's the congress's opportunity this week, as they come back from listening to their constituents about all the hurt that's going to be taking place in the country as a result of this sequester. i believe these members of congress will push their leaders to say let's fix this before friday. >> fair enough. as the chief executive, does the president have a unique responsibility to do something to break this impasse even if he feels he's absolutely right and doesn't have a good negotiating partner? >> he's done that. he's made phone calls to republican leaders. he's put a plan on the table a...

White house saying the president is moving the goalpost by insisting on tax revenues being in there. let me read a portion of what's in his opinion piece this morning. the final deal reached between vice president biden and senate minority leader mitch mcconnell in 2011 included an agreement that there would be no tax increases in the sequester in exchange for what the president was insisting on, an agreement that the nation's debt ceiling would be increased for 18 months, so obama would not have to go through another such negotiation in 2012 when he was run for re-election. when the president...

Think government can't tighten up a bit, even if it's a clumsy way of doing it with the sequester. >> look, this is not your father's faa. this is faa that has to meet certain contract obligations with our controllers. we know that air travel is back at a par prior to 91/11. we know a lot of people are flying. we're not making this up, david. we're not making this up in order to put pain on the american people. we are required to cut a billion dollars, and we're going to do that unless congress gets together and works together and compromises on this issue. >> all right. so you talked about be...

President hasn't reached out is just not true, not factual. he's reached out. he's talked to republican leaders. he's put a plan on the table. now it's the congress's opportunity this week, as they come back from listening to their constituents about all the hurt that's going to be taking place in the country as a result of this sequester. i believe these members of congress will push their leaders to say let's fix this before friday. >> fair enough. as the chief executive, does the president have a unique responsibility to do something to break this impasse even if he feels he's absolutely ri...