Tim Geithner (Sec. of Treasury)
Gasparino - Fox Business News
Amanpour: Norway is going to respond
to a massive right terror attack with more
democracy - are they crazy?
Reporter: the killer was an anti-muslim racist
who called for others to martyr themselves
Amanpour: so he was a lone wolf
Amanpour: are political leaders still planning
to wreck America?
Karl: Democrats will call it the
Karl: Republicans are calling for 2 votes,
one with spending cuts and another
with more spending cuts
Amanpour: what about a grand Bargain?
Karl: it calls for $4 trillion is spending cuts
which would cause a revolt among Tea Partiers
Amanpour: Secretary Geithner will there be a deal?
Geithner: we need to have the Senate,
House and President and agree by tonight
Amanpour: that seems impossible
Geithner: maybe not
Amanpour: how so?
Geithner: we can give dictatorial powers
to a Special Committee to Fuck the Middle Class
Amanpour: interesting concept
Geithner: a short term deal is unacceptable
Amanpour: has everyone is Washington
completely lost their minds?
Geithner: not at all - only the people in charge
Amanpour: did you make a deal and
then move the goalposts?
Amanpour: are you saying john Boehner lied?
Geithner: um yes
Geithner: I give Boehner credit for admitting
we need to raise taxes
Amanpour: what is the President’s plan?
Geithner: back in April he proposed
Medicaid cuts and higher taxes for the rich
Amanpour: I see
Geithner: look there are Republicans who have
said they would never vote for a debt ceiling
Amanpour: but not the leaders
Geithner: only the leading Presidential candidates
Amanpour: would Obama invoke
the 14th amendment?
Geithner: that’s not a good idea
Amanpour: so what’s the solution?
Geithner: lift the damm debt ceiling!
Amanpour: but Congress won’t do it!
Geithner: yes they will
Amanpour: how - by magic?
Geithner: Wave the Elderwand at the
Amanpour: can America be saved?
Geithner: I have an economic an
Resurrection Stone in my pocket
Amanpour: how do you convince Congress
to make a deal
Geithner: by pointing out that the Tea Party
are tax-hiking, job-killing assholes
[ break ]
Amanpour: panel will America go off the cliff?
Will: the House GOP passed a bipartisan plan!
Amanpour: with 5 Democratic votes
Will: Obama had a tantrum so they might
as well just pass the McConnell plan
Rivlin: we need to cut entitlements and
flatten the tax code
Amanpour: Obama has moved the right
but the GOP won’t meet him halfway
Gasparino: we’ve got lots of money
lying around so who cares about the debt ceiling
Gasparino: right we can always stiff defense
contractors as long as we pay bondholders
Amanpour: that would fool them?
Gasparino: yes most of them are Chinese anyway
Huffington: this is a stupid debate -
it’s an artificial crisis to debate whether
to approve spending money we already spent
Gasparino: I disagree this is great debate to have
Huff: no it’s moronic - we have a jobs crisis
not a debt crisis
Rivlin: to solve the jobs crisis we
need to cut spending to attack the debt
Will: see - that proves that the Tea Party
are right and Obama is wrong
Amanpour: what about jobs?
Gasparino: small businesses don’t hire
new employees because they’re worried
about the big debt
Will: Obama is uppity and he needs to be
disciplined by the white men in Congress
Pawlenty: women who get headaches
can’t be President
Will: JFK was a big sick secretive bad guy
Huffington: they’re putting Michele Bachmann
on the Victorian fainting couch
Will: oh my stars
Gasparino: Rick Perry has the Texas Taint
Amanpour: you work at Fox -
what’s up with Rupert?
Gasparino: I report on for-profit companies
so luckily I never have to report on Murdoch newspapers
Huffington: Fox is an embarrassment
Gasparino: no one covers terrorist
fist-bumps like Fox News!
Amanpour: thanks for coming everyone