Face the Nation (CBS) - 2009-02-08

Channel: malgent

Transcript

Language: English (YouTube automatic captions)

[0:00] Today on Face the Nation, President

[0:02] Obama's massive economic recovery plan

[0:05] gets a boost in the Senate. But there's

[0:07] a fight ahead, not just with

[0:09] Republicans, but with Democrats as well

[0:12] in the House. After a week of marathon

[0:15] closed dooror bargaining, the Senate

[0:17] finally put together a compromised

[0:19] economic recovery plan. They'll take a

[0:21] final vote on it Tuesday. But can

[0:23] senators put together a final version

[0:26] that can also pass the House where

[0:29] Democrats want even more spending? And

[0:32] will any of it work? We'll talk to the

[0:34] bill's leading opponent so far, Arizona

[0:37] Senator John McCain, and the top

[0:40] Democrat on the Senate Budget Committee,

[0:42] Kent Conrad. We'll hear from Christina

[0:44] Roman, chairman of the President's

[0:46] Council on Economic Advisors. and I'll

[0:49] have a final word on some sobering

[0:52] statistics. But first, passing the

[0:54] stimulus bill on Face the Nation.

[1:04] Face the Nation with CBS News Chief

[1:07] Washington correspondent Bob Sheaffer.

[1:10] And now from CBS News in Washington, Bob

[1:13] Schiffer.

[1:14] >> And good morning again. Senator John

[1:16] McCain is with us in the studio this

[1:18] morning for, I believe, his 68th

[1:20] appearance on Face the Nation, which is

[1:23] more appearances than any other single

[1:24] person. You passed up Bob Dole last year

[1:27] to hold that dubious uh honor. I want to

[1:32] start here, Senator. Welcome back.

[1:34] >> Thank you. Thank you.

[1:36] >> Steve Holland of the Associated Press

[1:38] wrote a little piece the other day that

[1:39] I that caught my attention. And it said

[1:42] when Al Gore lost his run for president,

[1:44] he went to Europe and grew a beard. The

[1:47] first George Bush was kned and started

[1:49] parachuting out of airplanes. Bob Dole

[1:52] made Viagra ads. And you just went back

[1:55] to work in the Senate. How are you

[1:56] doing?

[1:57] >> Fine. And I think the best cure for for

[2:00] defeat, as tough as it may be, is to get

[2:03] back in the arena. Uh I love what we do

[2:05] in the Senate. I'm honored to serve. I'm

[2:08] honored to represent the people of

[2:10] Arizona and have some voice in major

[2:14] challenges and crises that we face both

[2:16] at home and abroad. So, best cure and

[2:19] I'm I'm happy to be back and I'm happy

[2:21] to be back on this program.

[2:22] >> Well, you have emerged as the main

[2:24] opponent, I think, of the Senate of the

[2:27] president's economic recovery plan, at

[2:29] least the version that came up in the

[2:30] Senate. You offered another plan about

[2:33] half the size of this one. it was

[2:35] defeated on a a straight party line

[2:37] vote. But I want to ask you now that you

[2:40] have made your point, do you intend to

[2:42] support this plan? Because I think

[2:44] economists on all sides of this say

[2:46] something has got to be done here.

[2:49] >> Well, I I can't Bob and I can't because

[2:51] I think it's the greatest transfer of uh

[2:54] not only spending but uh

[2:58] authority and responsibility to

[3:00] government. I think it's uh a massive

[3:03] it's much larger than any measure that

[3:05] was taken during the great depression. I

[3:08] think it has policy changes in it which

[3:11] are fundamentally bad for America. For

[3:13] example, their by America provisions.

[3:15] That's that's protectionism. It didn't

[3:17] work at any time in our history. But

[3:21] most of all, because I think this can

[3:23] only be described as generational theft.

[3:26] What we are doing is amassing multi-

[3:28] trillions of dollars. If you look at

[3:30] what is going to be announced to uh

[3:33] Monday or Tuesday, uh a new tarp. We've

[3:36] already spent 700 billion another uh how

[3:38] many? Half trillion aid to the banks.

[3:41] >> Yes. Uh then we're going to have a

[3:44] supplemental to pay for the war. We're

[3:46] going to have uh what we call a

[3:48] continuing resolution, another $400

[3:50] billion. Um we're going to have already

[3:54] $1.2 trillion dollar deficit by

[3:58] estimates. and the it's just begun.

[4:02] We're going to uh we're going to amass

[4:05] the largest debts in the history of this

[4:08] country by any measurement and we're

[4:10] going to ask our kids and grandkids to

[4:13] pay for it. So, uh I thought we needed I

[4:16] know we're in trouble. I know America

[4:18] needs a stimulus. We need tax cuts. We

[4:21] need uh to spend money to on

[4:23] infrastructure and on other uh programs

[4:27] that'll immediately put people to work,

[4:29] but this is not it. And uh one small

[4:34] example and I'll stop. We had another

[4:36] vote and got 44 votes on a trigger on a

[4:40] trigger that said that once we have GDP

[4:44] growth for two quarters, in other words,

[4:46] the economy recovers that we will stop

[4:49] the spending and we'll put America on a

[4:51] path to a balanced budget. That was

[4:54] rejected. And why is that? because

[4:56] they're putting into permanency massive

[4:59] spending programs and massive

[5:01] responsibilities taken over by the

[5:04] federal government from the private

[5:05] sector.

[5:06] >> Let me just ask you this. You're against

[5:08] this. You don't like this approach, but

[5:10] do you think that it will help?

[5:13] >> I I think that it may help a bit. Uh the

[5:16] Congressional Budget Office said that it

[5:19] will create by the end of next year

[5:21] between 1.3 and 3.9 billion million

[5:24] jobs. Now that's the Congressional

[5:26] Budget Office, a objective uh

[5:29] organization that is if it's 1 point if

[5:32] it's 3.9 million jobs, that's $20 and

[5:35] some,000 per job. And if it creates 1.3

[5:38] million uh jobs, then that's $600,000

[5:41] per job. But more importantly, the

[5:43] Congressional Budget Office says that

[5:45] because of the crowding out, in other

[5:47] words, the debt we are going to have to

[5:49] pay off, you will see by uh later years,

[5:53] an actual decrease in our economy. We

[5:56] don't want to do that to future

[5:57] generations of Americans.

[6:00] uh economists on all sides of this seem

[6:03] to be saying it is not so much the size

[6:06] or the composition of this stimulus

[6:08] package that that is less important than

[6:11] the timing that even a flawed package

[6:14] would be better than nothing. Would

[6:16] would you concede that's right?

[6:17] >> Uh there's some economists many

[6:20] economists Marty Feldstein for example

[6:22] said we need a we need a stimulus but

[6:24] not this stimulus. There's a there's a

[6:26] large body of economists who who agree

[6:29] and I agree with them. We need a

[6:31] stimulus and I thought it would be

[6:33] around 400 a group of us all Republicans

[6:36] thought it would be around $420 billion

[6:39] and and balanced tax cuts and spending.

[6:42] And by the way, this agreement is not

[6:45] bipartisan. I've been in bipartisan

[6:47] agreements many. This is three

[6:49] Republican senators. Every Republican

[6:52] congressman voted against it in the

[6:54] House, plus 11 Democrats, and all but

[6:56] three Republicans stayed together on

[6:58] this. That's not bipartisanship. That's

[7:01] just picking off a couple of senators.

[7:04] What has to happen to this bill? It the

[7:06] Senate will pass it basically in the

[7:08] form it's in now. It'll go to this

[7:10] conference committee where House and

[7:11] Senate negotiators will reconcile it

[7:13] with what the House has passed. Really,

[7:16] when you go to the totals, we have a

[7:17] little graphic here and you look at it.

[7:19] uh it's not so different uh when it

[7:22] comes to money as you can as you can see

[7:24] in this graphic, but there are

[7:26] differences. They've taken out a lot of

[7:27] aid to the states. Uh they've taken out

[7:30] a lot of money for school construction,

[7:32] for example. What do you think has to

[7:34] happen to get it passed and and and to

[7:37] get some Republican votes? Because the

[7:39] president keeps saying he thinks it's

[7:41] very important to have as many

[7:42] Republicans as he can get. So far, he

[7:44] hasn't gotten any. What should he do?

[7:47] Well, I I think from the beginning when

[7:49] the speaker of the house said we won, so

[7:52] we're writing the bill, that set the

[7:54] stage, uh it was put through both house

[7:57] and senate without serious fundamental

[8:01] at the beginning discussions and

[8:02] negotiations uh with Republicans.

[8:06] Democrat staffers as we speak started

[8:08] last night uh and by the way, we just

[8:11] got the bill last night at 11:00, 778

[8:15] pages. uh they're negotiating now. They

[8:18] they will they will come up with a bill,

[8:20] but unfortunately Republicans will not

[8:22] be involved in those negotiations. And

[8:25] I'm and I and I regret that. And in

[8:27] interest of full disclosure, that's the

[8:29] way the Bush administration when we

[8:31] Republicans were in charge, that's the

[8:33] way we did business. But I thought we

[8:35] were going to have change. And that

[8:36] change meant we worked together. This is

[8:39] a setback. This is a setback for all

[8:43] Americans in my view because we promised

[8:46] all of us that we would work in a more

[8:48] bipartisan

[8:49] inclusive fashion and that's certainly

[8:51] not been the case with this bill and I

[8:53] regret that deeply.

[8:55] >> All right. Well, Senator McCain, welcome

[8:57] back and I hope we'll see you again

[8:58] through the year.

[8:59] >> Thanks for having

[9:00] >> In a minute. We'll got a Democratic side

[9:01] to this in one minute.

[9:14] And we're joined now by the chairman of

[9:16] the Senate Budget Committee, Democrat

[9:18] Kent Conrad. Senator, thank you for

[9:20] coming this morning.

[9:22] What's your response to what Senator

[9:23] McCain just said? Because he made some

[9:25] pretty legitimate points, quite frankly.

[9:28] Yeah, absolutely. Look, uh, so much of

[9:30] this is eye of the beholder, but let me

[9:32] be very clear. It is absolutely

[9:36] essential for this country that we have

[9:38] a significant economic recovery package.

[9:41] This economy is falling away from us.

[9:44] You saw increase in joblessness 600,000

[9:48] people last month. The economy is

[9:50] contracting at a rate of 4%. We think

[9:53] that will accelerate. We think in this

[9:55] quarter the economy will be reduced by

[9:58] perhaps as much as 5%. That means

[10:01] millions of additional Americans will

[10:03] lose their jobs if we fail to act and

[10:06] act effectively. You may well be one of

[10:09] those appointed to go to conference on

[10:11] this when the uh Senate and House try to

[10:13] reconcile the differences in the two

[10:15] bills. Uh clearly members of the Senate

[10:18] of your own party are going to try to

[10:20] put some things back in this bill. Like

[10:22] for one thing, I would guess some of

[10:23] this aid that's going to states, uh some

[10:25] of this uh $20 billion that's been set

[10:28] aside for schools and school

[10:30] construction. Uh how's that going to go?

[10:32] What are you going to have to do there

[10:33] to get something? Do you think I guess I

[10:36] would ask you this question. You think

[10:37] you can get any Republican support? Uh

[10:40] there was no Republican support in the

[10:42] House. I think it is possible although I

[10:45] think most of them have made a political

[10:46] calculation that it's better to be in

[10:48] opposition and you can see that on a

[10:51] political basis because look this

[10:53] economy is in desperately serious shape.

[10:57] It is going to get worse before it gets

[10:59] better. So they will be able to argue

[11:02] this package was ineffective. But here's

[11:04] the reality the economic reality. If

[11:07] there is a failure to give a significant

[11:09] boost to this economy, this crisis will

[11:12] only deepen and become far more serious.

[11:15] Look, the fiscal system alone is going

[11:18] to require hundreds of billions of

[11:20] dollars more. The best estimates before

[11:22] the budget committee is that there have

[11:24] been in the range of $4 trillion in

[11:28] losses across the globe in terms of the

[11:31] fiscal system. And unless that is dealt

[11:33] with and dealt with promptly and dealt

[11:35] with in a way that is fully effective,

[11:38] we could enter a far s more more serious

[11:41] downturn, a deflationary spiral could

[11:44] begin like we saw in the Great

[11:46] Depression. That would be a disaster.

[11:49] Senator McCain makes the point that some

[11:51] of this is not going to stimulate the

[11:53] economy. And basically what he's saying,

[11:55] and these are my words, not his, is that

[11:57] some of this is just a pet projects that

[11:59] Democrats have been trying to write into

[12:00] law for a long, long time. And while

[12:02] they may be good things, they will not

[12:05] help uh get this economy going again.

[12:07] How do how do you respond to those

[12:10] allegations? Uh, you know, Senator

[12:12] Lindsey Graham and I offered an

[12:13] amendment to take out some of these

[12:14] things that have less stimulative effect

[12:17] uh in favor of addressing the housing

[12:20] crisis, which must be addressed because

[12:22] unless we have a healthy housing market

[12:24] and housing and fiscal situation is

[12:27] stabilized, we can't have recovery. But

[12:30] look, in economic terms, in economic

[12:32] terms, stimulus is stimulus. If you put

[12:36] more money into the economy uh to offset

[12:40] this falling demand, remember what's

[12:42] happening here. The economy is

[12:44] contracting and consumers don't have the

[12:47] money to put in to offset those losses.

[12:50] Companies don't. The only one that does

[12:53] is the taxpayer of the United States. We

[12:56] are going to have to come forward and

[12:58] put up money to offset this falling

[13:01] demand. If we don't, we could enter a

[13:04] deflationary spiral that would be

[13:06] devastating.

[13:08] >> Are you willing right now, and I know

[13:11] you don't want to negotiate before the

[13:12] negotiations start, but will uh Senate

[13:16] uh delegates to the conference

[13:17] committee, will they be willing to put

[13:19] perhaps or at least listen to House

[13:21] Democrats who say, "Let's put some of

[13:23] these things back in that you took out?"

[13:26] >> Yes. And look, I was part of the group

[13:29] uh that performed some of this surgery.

[13:31] We reduced this package by $107 billion.

[13:35] Uh I had amendments to reallocate money

[13:38] to take it out of lower priority areas,

[13:40] put it in higher priority areas like the

[13:43] housing crisis. Um I'm very much hopeful

[13:46] that in this uh conference committee to

[13:50] work out the differences between the

[13:51] House and the Senate that we can improve

[13:53] it. Uh you know 80% of this package will

[13:57] be effective in the first two years.

[13:58] That means 20% will not. I think we got

[14:01] to focus

[14:02] >> people will see an impact in this in

[14:04] immediately.

[14:06] >> Well, some of the things you will see

[14:09] very quickly and that's really a key to

[14:12] stimulus. Most of the economists have

[14:14] said what is absolutely critical is that

[14:16] this be temporary in nature so that we

[14:20] get money into the economic bloodstream

[14:22] but at the same time we don't add to the

[14:25] long-term deficit and debt. That is you

[14:27] don't take steps that have permanent

[14:29] effect. Unfortunately, there are items

[14:31] still here that have long range effect

[14:34] well beyond the time that we expect this

[14:37] downturn to to continue. So, I think we

[14:40] could improve this package.

[14:41] >> All right, Senator Conrad, thank you.

[14:43] And we'll be back with a White House

[14:45] take on all of this in just a moment.

[14:53] This portion of Face the Nation is

[14:55] sponsored by Chevron, human energy.

[15:03] And we're back now with Christina Romer,

[15:05] the head of the President's Council on

[15:06] Economic Advisors, who is making her

[15:08] first appearance on Face the Nation.

[15:10] Senator McCain here for the 68th time.

[15:13] So, we hope that someday you'll have

[15:15] been here 68 times.

[15:16] >> It's a pleasure to be here.

[15:18] >> So, here we are. Uh the president has

[15:21] put his economic plan out there. The

[15:23] House passed one version. and the Senate

[15:25] passed one about the same in dollars but

[15:28] uh with some different emphasis. U what

[15:32] now what do you think is going to happen

[15:35] here and is the president willing to

[15:37] negotiate it a little bit when this

[15:38] thing gets to conference because it

[15:40] looks like it's going to pass the Senate

[15:42] but uh will we see him take a more uh

[15:44] active role in this? Well, I think the

[15:46] the crucial thing that that has to

[15:48] happen is we have to get this plan uh

[15:51] through Congress and signed and out

[15:53] there to help the American people

[15:54] because as the numbers that came out

[15:57] last Friday showed uh the American

[15:59] economy is very sick and by all

[16:01] indications getting sicker, right? We

[16:02] lost 600,000 jobs uh just in the month

[16:05] of January. So absolutely this is

[16:08] priority one and the president's uh is

[16:10] looking forward to working with Congress

[16:12] and making sure we get a bill out uh

[16:15] absolutely as fast as as possible.

[16:17] >> Now the other thing that's going to

[16:18] happen this week is that uh the

[16:20] Secretary of the Treasury, Mr. Gitener,

[16:23] is going to release his plans on how to

[16:25] use this uh TARP money, the so-called

[16:27] TARP money. Now, as I understand it,

[16:29] he's going to be talking about money

[16:30] that the Congress appropriated last

[16:32] year. Is that right?

[16:34] >> Absolutely. And is he going to be asking

[16:35] for more? Because some people are saying

[16:37] that's even that's not going to be

[16:38] enough. And I guess he's got $350

[16:41] billion dollars now to figure out what

[16:43] to do with to to shore up banks.

[16:45] >> Well, certainly one of the the key

[16:47] things that we know is as important as

[16:49] the stimulus package is, the financial

[16:51] rescue is also important, we also in the

[16:53] administration uh are committed to to

[16:56] working with the housing problem and

[16:57] helping those millions of Americans

[16:59] facing for foreclosure. So, uh, it's

[17:02] going to be a range of proposals and

[17:04] absolutely, uh, dealing with our

[17:05] financial system is is very high on the

[17:08] list and and as you pointed out,

[17:10] Secretary Gitener is going to be

[17:11] announcing this week, uh, how we're

[17:13] going to use that money effectively. I

[17:14] think the American people do have a have

[17:17] a certain lack of confidence in how the

[17:20] money had been used uh, in the last

[17:21] administration and now that that there's

[17:24] a new administration in uh, in office,

[17:26] we're committed to to using it

[17:28] effectively. We were told he would

[17:31] announce this tomorrow, but now it may

[17:32] be put off till Tuesday.

[17:34] >> I think we're we're still working out

[17:36] the the absolute the actual timing. I

[17:38] think the crucial thing is both these

[17:40] things need to get done. We need to get

[17:41] the stimulus package through and we do

[17:44] know that that uh any package uh to get

[17:47] the economy healthy is going to be more

[17:49] effective if we get the banks healthy

[17:50] because we've got to get them lending

[17:52] again. One of the things we're hearing

[17:53] is that it may be as much as 50 billion

[17:56] dollar dollars in there to help on on

[17:58] foreclosures, people with have problems

[18:00] with their mortgages. Can you confirm

[18:02] that?

[18:02] >> Yes, that certainly. I the director of

[18:05] the NEC, Larry Summers, has actually put

[18:07] that number out quite a while ago to say

[18:09] that we were absolutely committed to to

[18:12] dealing with the housing problem. And as

[18:13] the the president mentioned so often

[18:15] during the campaign, the the crisis

[18:17] that's facing American families in terms

[18:19] of the millions of people in at risk of

[18:21] of foreclosure.

[18:22] >> Did you uh do you uh believe that the

[18:25] stimulus funds that have already been

[18:28] distributed? Do you think that worked?

[18:30] Because a lot of people say, "I don't

[18:31] see any difference. Uh I'm not sure if

[18:33] it worked or not. We keep hearing these

[18:35] reports that maybe the government

[18:36] doesn't even know where some of this

[18:38] money went." I think I share the same

[18:41] skepticism or or sort of disappointment

[18:43] that the American people share of of how

[18:45] that first 350 uh was put in. And and I

[18:50] think one of the biggest problems is we

[18:51] don't know a lot about what happened.

[18:53] And one of the things that that

[18:54] President Obama has made so uh clear is

[18:57] that this time around now that that that

[18:59] we're in charge uh he wants complete

[19:02] transparency. He wants a full accounting

[19:04] and I think that's going to restore the

[19:06] confidence of the American people and

[19:07] it's going to make it more effective.

[19:08] >> U

[19:10] this this uh this uh economic recovery

[19:14] plan that we've seen the House passed

[19:16] one version and looks like the Senate is

[19:18] going to pass one that's a little bit

[19:20] different. Uh how do we know that's

[19:23] going to work? Because as I listen to

[19:25] these economists on both sides, some say

[19:28] this this works, others say that works.

[19:30] there seems to be no overall consensus

[19:32] on what works. When would you think we'd

[19:35] be able to see some effect when the

[19:37] stimulus package passes?

[19:39] >> Well, I think there are two things to

[19:40] say. One, I I think there is more

[19:41] consensus that it's going to work than

[19:43] than maybe your description would would

[19:46] lead us to believe. I think economists

[19:48] actually throughout the sort of

[19:49] ideological spectrum, I think, are are

[19:52] uh agreeing that the kind of program

[19:54] we're talking about, this well-balanced

[19:56] program, a bold big program is going to

[19:58] be very effective. You know, the

[20:00] president gave us as a crucial sort of

[20:02] marker, any plan that comes out has to

[20:04] create between three and four million uh

[20:06] jobs. And one of the things that's that

[20:08] I found very reassuring is sort of

[20:10] forecasters across the spectrum from

[20:12] Mark Xandandy at at economy.com to uh

[20:16] macroeconomic advisors to our own

[20:17] estimates all say that the programs that

[20:19] we're looking at are going to do what

[20:21] what the president said we we needed to

[20:24] do. the u the Senate of course took out

[20:27] a lot of the money that was going to

[20:28] states uh that uh the states of course

[20:31] obviously were saying we need that money

[20:33] back. Do you think that that's going to

[20:35] be put back in this uh and would would

[20:38] if it if it was added would that be

[20:40] something the White House would go along

[20:42] with?

[20:43] >> Certainly the you know we're we're

[20:45] pleased that something is is coming out

[20:46] of the Senate and that we're going to be

[20:48] uh getting uh a bill uh into conference

[20:51] we hope next week. I think what the

[20:54] particular parameters look like, we're

[20:56] we're monitoring and waiting to see. I

[20:58] think the important thing, you were

[20:59] right, one of the things about that

[21:00] state fiscal relief is it does get out

[21:02] the door quickly. It is something that

[21:04] we think uh creates jobs quickly. And

[21:06] so, as we're thinking about the the

[21:08] final package, one of the things I'd be

[21:10] looking for was if that's out, is

[21:12] something else in that will will serve

[21:14] that.

[21:15] >> How bad would it be if this whole thing

[21:17] went down?

[21:18] >> I think it would be uh the word the

[21:20] president used was catastrophic. I think

[21:22] we can't, you know, the numbers that are

[21:24] coming out that I certainly have been

[21:26] watching since I I joined the transition

[21:28] are quite frankly truly frightening and

[21:31] I think all of the estimates if we don't

[21:33] do something are that this could be very

[21:36] very serious and and as Senator Conrad

[21:39] mentioned that the fear of deflation,

[21:40] the spiraling out of control, that's the

[21:43] thing that's in the back of my mind. So,

[21:45] um, you know, the po point of optimism

[21:47] is I feel very strongly it's in our

[21:49] hands that if we can get this package

[21:51] through, we can turn it around and and

[21:53] be back on the road to growth.

[21:54] >> All right. Thank you so much, doctor.

[21:55] And I'll be back with a final word in

[21:57] just a minute.

[22:02] This portion of Face the Nation was

[22:04] sponsored by Microsoft People Ready

[22:07] Enterprise Solutions because it's

[22:09] everybody's business.

[22:16] Finally today, this is not a commentary.

[22:18] It is a collection of facts. 598,000

[22:22] jobs were lost in January. That's the

[22:25] largest loss in 13 consecutive months of

[22:28] decline. Since December of 2007, 3.6

[22:32] million jobs have been lost, half of

[22:34] them in the last four months. More than

[22:36] 11.5 million people are now unemployed.

[22:39] Unemployment stands at 7.6%. 6%. The

[22:43] undermployed, that is those who have

[22:45] given up looking for work and those who

[22:47] are working part-time because they can't

[22:49] find full-time jobs, now stands at 21.7

[22:53] million people. More than 13.5 million

[22:56] Americans now owe more than their homes

[22:59] are worth. Retirement accounts have lost

[23:02] more than $2 trillion in a year. The

[23:05] global economy is getting worse, which

[23:07] will make it harder to sell American

[23:09] goods abroad. and the banking system is

[23:12] a mess. The following is also not a

[23:15] commentary. It is a true false test. The

[23:17] process is underway. But in light of

[23:19] those numbers you just heard, wouldn't

[23:22] it be better for all of us and for them

[23:24] as a matter of fact if Congress,

[23:26] Democrats, and Republicans now put less

[23:29] emphasis on partisan gains from here on

[23:32] in and more emphasis on trying to

[23:35] resolve all of the above. That's our

[23:37] broadcast. We'll see you next week right

[23:39] here on Face the Nation.

[23:49] This broadcast was produced by CBS News,

[23:52] which is solely responsible for the

[23:54] selection of today's guests and topics.

[23:57] It originated in Washington, DC.