Pre Bush News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> well, the election had to inform how they came out so strongly basically said, this is the deal. and legislators are saying we're not giving on medicare or the spending cuts either. >> what people are forgetting is there is already a deal. this thing we call the fiscal cliff is a law that republicans voted for and that the president steered them to vote for. and strategically, he was victorious in that. the theory of this thing was, no one wants it to happen. no one wants anything in this bill to happen. the rates to go up or all the spending cuts. but it turns out that the democrats and th...

Which is a dramatic -- which is taxes back to the pre-bush rates. so it gets all the tax increases. and he can blame the ones that are not popular on republicans for not negotiating. he gets something that he'll never get in a negotiation. >> the rest of that conversation online, by the way, with rick santorum. newt gingrich? is that why the president and geithner are saying, sure, go over the cliff? >> well, i think first of all, if you are a liberal democrat, going over the cliff is not nearly as bad as giving up on some other values such as tax cuts. second, the house republicans didn't und...

January 1 than republicans. >> do you know who agrees with you? rick santorum. i spoke to him on press pass and this is what he said. and newt gingrich, you respond after you hear this. >> the greatest leverage he has is that he put together a deal with the republicans over a year ago that gives him pretty much what he wants. which is a dramatic -- which is taxes back to the pre-bush rates. so it gets all the tax increases. and he can blame the ones that are not popular on republicans for not negotiating. he gets something that he'll never get in a negotiation. >> the rest of that conversation...

Latest updates on this topic from reliable sources.