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SAW A BIG NAME STOCK GO UP 25%
OVERNIGHT?
I'VE NOT SEEN THAT BEFORE.
PRESIDENT OBAMA, TO THE ECONOMY,
DISMISSES THE IRS AND OTHER
SCANDALS, AND ASK--
AND KEVIN BRADY IS INVESTIGATING
THE IRS SCANDAL.
ALL RIGHT, CONGRESSMAN, A PHONY
SCANDAL?
>> HE WISHES IT WERE A PHONY
SCANDAL, THESE ARE SERIOUS
ABUSES AND SERIOUS SCANDALS AND
REALLY WHAT IT DOES, WASHINGTON
HASN'T TAKEN ITS EYE OFF THE
BALL OF THE ECONOMY, THIS
PRESIDENT HAS.
WHAT WE HEARD YESTERDAY WAS THE
MOVIE GROUNDHOG DAY ALL AGAIN,
THE ECONOMY IS STILL STRUGGLING,
THE PRESIDENT IS STILL BLAMING
EVERYONE, BUT TRUTH OF THE
MATTER IS, HE'S STILL STUCK ON
HIGHER TAXES, STIMULUS, MORE
REGULATION AND THOSE ARE THE
ROAD BLOCKS TO THE ECONOMY, BUT
MORE IMPORTANTLY, I THINK WHAT
HE SAYS IS I'M NOT INTERESTED,
HIS SIGNAL TO THE PUBLIC WAS I'M
NOT INTERESTED IN WORKING WITH
REPUBLICANS, AND TO EITHER GET
THE ECONOMY GOING OR TO AVOID
ANOTHER PHONY CRISIS WOULD COULD
OCCUR LATER THIS YEAR.
>> IF THE PRESIDENT CAME TO
CONGRESS AND SAID, LOOK, I WANT
TO RAISE TAXES, I WANT TO RAISE
SPENDING, BUT I WANT TO DO A
DEAL.
I'LL GIVE YOU SOMETHING, YOU
GIVE ME SOMETHING.
DO YOU THINK THE CURRENT STATE
OF THE CONGRESS WOULD ALLOW A
PEAL TO BE MADE?
>> A BAD DEAL, ABSOLUTELY NOT.
AND HE ALREADY HAS HIS TAXES,
AND HAD THE SPENDING AND DID NOT
GET THE ECONOMY IN THE RIGHT
DIRECTION YWOULD WE TAKE ANOTHER
BAD AGREEMENT THAT DOESN'T MOVE
IN THE RIGHT DIRECTION.
IF HE WERE TO GET OFF THE
CAMPAIGN TRAIL AND SIT DOWN AND
SAY, OKAY, HOW DO WE GET THE
ECONOMY MOVING AND HOW DO WE GET
OUR FINANCIAL HOUSE IN ORDER AND
ADDRESS MEDICARE AND SOCIAL
SECURITY?
I TELL YOU, HE WOULD HAVE OPEN
ARMS AMONG THOSE IN CONGRESS.
THOSE ARE THE PRIORITIES.
>> THIS AFTERNOON, THE PRESIDENT
SPEAKS IN JACKSONVILLE, FLORIDA.
WE ARE TOLD HE'S GOING TO MAKE
ANOTHER CALL FOR INFRASTRUCTURE
SPENDING, IS THAT DEAD ON
ARRIVAL, IF HE EVEN GETS TO
CONGRESS?
>> YOU KNOW, INFRASTRUCTURE
SPENDING IS SOMETHING WE AGREE
ON.
THE PROBLEM IS HOW DO WE PAY FOR
IT, AND WHAT DO WE INVEST IN,
THE SURPLUS, HUGE AMOUNT OF
MONEY, VERY LITTLE WENT TO
INFRASTRUCTURE, AND BY THE WAY,
INFRASTRUCTURE TAKES YEARS AND
YEARS AND YEARS TO HAVE AN
IMPACT ON THE ECONOMY.
AND WHICH, BY THE WAY, IF HE
WOULD HAVE STARTED THIS PROCESS
FIVE YEARS AGO, MAYBE THEN WE
HAD HE' ACTUALLY BE SEEING SOME
PROGRESS.
BUT, AGAIN, WHAT WE'RE NOT
TALKING ABOUT IS IS ALL THE
REGULATION THAT'S REALLY
STYMIEING JOBS CREATION AND THE
PRESIDENT'S HEALTH CARE LAW IS
REALLY A PROBLEM ON MAIN STREET.
HE DOESN'T SEEM TO RECOGNIZE IT.