Saturday, 8 September 2012

New Bob Woodward book criticizes Obama on debt crisis

This transcript is automatically generated

We'll just in time for the November election homestretch a new book portrays President Obama -- overconfident under prepared.

And -- willing to nurture relationships with congressional leaders from either party it's not a glowing portrayal.

The price of politics is written by noted author Bob Woodward not exactly a conservative ideologue.

Chief national correspondent Jim Angle has a first look.

Two weeks before inauguration president elect Obama and Joseph Biden went to Capitol Hill to tell leaders of both parties he wanted to stimulus package.

Of 800 billion to one point three trillion.

Yes we're everyone's ideas in both parties -- the atmosphere for bipartisan cooperation.

Was sincere on all sides but then the president when his own way as the book puts it President Obama and his advisors quote believe that government spending could create jobs and grow the economy while Republicans believe that helping small business would create more jobs.

Just after taking office the new president invited congressional leaders to the White House Eric Cantor a Republican leader arrived with a list of proposals included immediate reduction in the two lowest individual income tax -- a tax reduction of 20% on small businesses.

And making unemployment benefits tax free among other things.

In spite of pledges to cooperate the president rejected -- ideas and according to the book rubbed it and saying quote elections have consequences and Eric.

I won.

But the president was having trouble with conservative Democrats as well at one point democratic leaders Nancy Pelosi and senator Harry Reid.

We're working on changes aimed at winning their support.

President Obama called was put on speakerphone and tell them their -- would save the economy Pelosi and Reid thanked him but then mr.

Obama launched into allowing fears beach.

According to the book Pelosi hit the mute button.

And Democrats went back to their work leaving the president speaking into the ozone.

Which Pelosi denies.

I and then I had an idea over where they could ever gotten that thought because usually I don't even have a -- Body in the room.

There were two White House officials in the room as well Rahm Emanuel and budget director Peter or -- one of them apparently taught.

The stimulus eventually -- without a single Republican vote.

Eric -- later look back saying he was really surprised the book says and quote how badly the White House had played what should have been a winning hand.

Though Obama won the vote -- thought he had unified an energized the losers.

Not only had Obama missed an opportunity to work with Republicans -- actually pushed them away Republicans grumbled a squandered opportunity to -- the guy.

Jim thank you let's give some thought.

Source: http://video.foxnews.com/v/1826580040001/new-bob-woodward-book-criticizes-obama-on-debt-crisis/

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