
In his first post-election interview, Mitt and Ann Romney talk about the 2012 presidential election loss. The former presidential hopeful said, "It kills me not to be there, not to be in the White House doing what needs to be done."
Ana Navarro & Richard Socarides on if a Secretary of Business post for Mitt Romney in the Obama Admin is a good idea.
Fresh after the President Obama was declared president for a second term, many have been been discussing what’s next on Washington’s agenda.
The looming fiscal cliff is the major issue at hand, and the big question is whether or not Democrats and Republicans can work together to fix it. The White House released a statement saying talks have already begun with leaders in the House and Senate, and both Senate Majority Leader Harry Reid and Republican House Speaker John Boehner have made statements indicating some willingness to compromise in the wake of Tuesday night's results.
Richard Socarides, Former Senior Adviser to President Clinton and writer for the NewYorker.com, and Lenny McAllister, Republican Strategist and contributor to The Chicago Defender, join John Berman to recap the results of the 2012 presidential election of 2012, concerns regarding the GOP and minorities, and of course, the fiscal cliff.
McAllister feels the Republican party needs “more inclusive leadership” and “more visionary leadership.”
“In 2010, we ended up seeing a lot more diversity from the Republican Party in regards to the candidates and people actually winning elections, both Latinos and African Americans.” McAllister says. "I would like to see the same exact thing in 2013 moving forward, but this time not have it just be a trend, have it be an actual movement. That’s something that the Republican Party needs to do if we’re going to lead a diverse America in the 21st century.”
Within his own party, Democrats have made it difficult for President Obama to negotiate in his first term, especially on the fiscal cliff and budget issues. Berman asks Socarides how complicated it may be for the president to make a deal this time.
“People are gonna be a lot more willing to make a deal,” Socarides says. “The consequences of not having a deal are so big...everybody knows that Americans want the parties to come together.”
“I think both sides are gonna have to compromise and I think they will,” Socarides adds.
This morning, CNN's Christine Romans looks at flat U.S. stock futures and the factors in Washington influencing them. The Dow dropped over 300 points yesterday, partly in reaction to President Obama winning the bid for a second term in office. But it’s also due to the looming fiscal cliff haunting Wall Street and the country. On "Early Start," Romans explains what Republicans in the House are saying to confront the fiscal cliff, and of course, what it could mean for your money.
“The stage has been set for some real progress on this,” Romans says. Republican House Speaker John Boehner has said House republicans are “willing to accept some additional revenues via tax revenue” in order to find “common ground,” but only if the president reduces spending to garner republican support. John Berman interprets this as “reason for optimism and hope for compromise, at least for today.”
The fiscal cliff means “huge tax increases and spending cuts” go in effect automatically in 54 days unless it’s fixed, Romans explains. “Nobody wants it to happen, it’s just how they’re gonna fix it, and who’s gonna give up more.”
Paul Steinhauser looks at claims of compromise from Speaker Boehner and Sen. Reid on avoiding the fiscal cliff.
Fresh after President Obama won a second term, U.S. stock futures fell flat. What was behind the big sell-off on Wednesday? Chrisine Romans explains the factors fueling skittish investors.
“They had the roughest day we’ve seen in more than a year,” Romans says. “Internal sectors were telling us that this was a reaction to the Obama victory.” Banks, insurers, coal and energy stocks, for-profit education and dividend-paying stocks were all down.
Romans explains that dividend payers were down because “the President has said he’d like to raise taxes on investment income.” “Many of those other industries...think we’re gonna have a more regulation and as the president and the democrats have promised, and that’s gonna cost more money,” Romans says, “so investors were at least making that bet yesterday.”
On the other hand, hospital stocks were up, “because the thinking on Wall Street is that Obamacare is finally, finally secure.” But the sell off over all was due to more than just the presidential election. Romans explains that the markets reacted to factors concerning Europe’s debt crisis, the fiscal cliff, and the debt ceiling.
Christine Romans and Ali Velshi on how Congress and President Obama should handle the impending fiscal cliff.

