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Going to die in the senate, the senate is going to have to pass it and he's going to have to make a decision and what republicans on the hill are saying he's going to pass a bunch of job measures starting with the keystone pipeline but then a bunch more others when it comes to taxes, tax cuts, fewer regulations and the president is going to be put in that position of deciding whether or not to veto a lot of bills. >> bobby ghosh, we're being seen around the world on cnn and cnn international. people around the world will be watching this news conference from the president of the united states....

With the repatriation issue? don't you think that it's like this thing that's always waiting there and you don't get these corporate profits back? that's frustrating to a lot of taxpayers who, like i said, don't have that option. >> well, let's be very clear about this. the president's plan does not call for repatriation, and he was explicitly saying he's not going to go there. that specifically means where you allow foreign earnings to come back at a very low tax rate. it's this temporary tax holiday for them. that's not what he's talking about. he's talking about a larger structural change. ...

At least take a do no harm, a hippocratic oath. if i were pulling levers, i would implement job measures of the type the president introduced in the jobs act, the kind that congresswoman kaptur is constantly banging up there. i don't think that's very realistic right now. so my first argument could be to do no harm. just put these kinds of spending cuts off until the economy is firing on all cylinders again. now let me be precise. i'm not implying that this fiscal drag that we have talked about, sequester, the other cuts we've mentioned, it's going to throw the economy into a recession. but to...

>> right. >> how much of it is reversible? and what would be the best way to reverse it? >> well, first of all, it would be great if policymakers would at least take a do no harm, a hippocratic oath. if i were pulling levers, i would implement job measures of the type the president introduced in the jobs act, the kind that congresswoman kaptur is constantly banging up there. i don't think that's very realistic right now. so my first argument could be to do no harm. just put these kinds of spending cuts off until the economy is firing on all cylinders again. now let me be precise. i'm not imply...

Policymakers to influence european policymakers. they are going to do what they are going to do. they kind of make a step forward and a couple steps back. what we have to do, as you suggested, look at the impact on our economy. it certainly isn't positive. there are head winds coming across the sea from europe. we can't sit on our hands. our policymakers can't sit there and say fiscal cliff, foreclosures, forget about jobs measures, let liquid ate, come their way, we have to take job measures, fiscal measures to offset those head winds. >> next time we'll end on a positive note. >> sure. >> we...