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republican leaders promptly dismissed it calling the plan class warfare. does the president's plan have a chance? joining me is gene sperling director of the national economic council. thank you for joining me. the president announced today he'll go after the rich. the republicans say that is a form of class warfare. the president says it's math. but the reality is it is class warfare. the rich are a class and he's going after them. >> it's the opposite. the president is asking for balance, for shared sacrifice. he's asking for everybody to contribute and getting our long-term defici...

the wealthiest american. republican leaders promptly dismissed it calling the plan class warfare. does the president's plan have a chance? joining me is gene sperling director of the national economic council. thank you for joining me. the president announced today he'll go after the rich. the republicans say that is a form of class warfare. the president says it's math. but the reality is it is class warfare. the rich are a class and he's going after them. >> it's the opposite. the president is asking for balance, for shared sacrifice. he's asking for everybody to contribute and get...

trillionplan to cut the deficit. reduce spending in iraq and afghanistan and higher taxes on the wealthiest american. republican leaders promptly dismissed it calling the plan class warfare. does the president's plan have a chance? joining me is gene sperling director of the national economic council. thank you for joining me. the president announced today he'll go after the rich. the republicans say that is a form of class warfare. the president says it's math. but the reality is it is class warfare. the rich are a class and he's going after them. >> it's the opposite. the president...

>> do you think there is a connection between the rejection of the stimulus money that would have put a high speed rail system in wisconsin in this relationship to a big donor? what do you make of it? >> i think it is a relationship to a couple big donors, ed. this is one place where the governor said we don't want any of that federal money and yet he is paying out state money to a donor from wisconsin & southern railroad. but i think the bigger donor he was concerned about or donors are the road builders because while this governor is turning down rail money he is moving state money into huge...

From gardner and had to return that one, too. so it's a long-term relationship. >> do you think there is a connection between the rejection of the stimulus money that would have put a high speed rail system in wisconsin in this relationship to a big donor? what do you make of it? >> i think it is a relationship to a couple big donors, ed. this is one place where the governor said we don't want any of that federal money and yet he is paying out state money to a donor from wisconsin & southern railroad. but i think the bigger donor he was concerned about or donors are the road builders because w...