Bob Woodward singled out congressional Republicans as the main party to
blame for the 2011 debt ceiling showdown, during an interview on
Wednesday's CBS This Morning, and he minimized the responsibility of President Obama and Senate Democrats regarding the looming fiscal cliff: "The Republicans are like a brick wall, and it's very difficult to deal with them."
Woodward also bemoaned that the press apparently wasn't doing enough to
press the budget issue with Obama and Romney: "What's astonishing to
me, is it clearly is the key domestic issue. We have a presidential
campaign going on....and no one is pressing the candidates – if we had the candidates here, we would say, what is your plan? What are you going to do? This is not something to do by the seat of your pants....we need to have answers."
Anchors Charlie Rose and Norah O'Donnell brought on the Washington Post
veteran to discuss his new book, "The Price Of Politics." O'Donnell
hyped that "fiscal Armageddon, I think, is the word that has been used,
and I don't think people get it. It certainly doesn't seem like the
people in Washington - the lawmakers - get it....we're talking about
trillions of dollars in spending cuts that become immediate; the
expiration of all of the tax cuts for everybody, not just the wealthiest
Americans - that the CBO has said will plunge this country into a
recession. And is anybody in Washington doing anything?" Woodward
replied with his "no one is pressing the candidates" lament.
Near the end of the segment, Rose asked about the negotiations between
the President and House Speaker John Boehner: "Let me look back to
history, which you write about in this book. Is it possible that the
administration could have done more to get to a deal, and we would not
be facing the kind of fiscal cliff we face now?" Even though the
Washington Post editor later gave some credit to Boehner, he led with
his "brick wall" label of Republicans in general. One wonders if he
would ever apply the same term to Senate Majority Leader Harry Reid and
his Democratic caucus, who haven't passed a budget for most of President
Obama's term in office.
The transcript of the relevant portion of Charlie Rose and Norah O'Donnell's interview of Bob Woodward on Wednesday's CBS This Morning:
CHARLIE ROSE: ...Let me turn to the book, 'The Price of Politics'. You
lay out what happened in Washington when they were trying to deal with
the debt ceiling and could not. There are intense negotiations between
President Obama and Speaker [John] Boehner and others. Any reason to
believe that once this political election is over and we have a new
president, they'll be able to solve it? And if they don't solve it, what
happens?
BOB
WOODWARD, WASHINGTON POST ASSOCIATE EDITOR: Well, somebody's got to
solve it. We're spending and borrowing $1 trillion a year that we don't
have, and it gets to a point that the world will say, wait a minute, too
much borrowing, and the interest rates will go up. And it sounds
technical, but it can affect everyone in this country - the value of
their home, the value of what's in the bank, the – you know, anything of
any monetary value. So we are right – it is a moment of maximum peril.
This is the sort of thing that could start another recession - maybe
even worse.
NORAH O'DONNELL: I mean, I think it's – fiscal Armageddon, I think, is
the word that has been used, and I don't think people get it. It
certainly doesn't seem like the people in Washington - the lawmakers -
get it. I mean, you detailed in your book - not just what happened last
time. But we're talking about trillions of dollars in spending cuts that
become immediate; the expiration of all of the tax cuts for everybody,
not just the wealthiest Americans - that the CBO has said will plunge
this country into a recession. And is anybody in Washington doing
anything?
WOODWARD: There's some talk about it. I mean, what's astonishing to me,
is it clearly is the key domestic issue. We have a presidential
campaign going on. Other-
O'DONNELL: It's all about the economy and jobs, and nobody is doing the thing that could actually help the economy.
WOODWARD: And no one is pressing the candidates – if we had the
candidates here, we would say, what is your plan? What are you going to
do? This is not something to do by the seat of your pants-
O'DONNELL: Right-
WOODWARD: And there – we need to have answers. I mean, there are big
themes in all of this and big lessons, and I guess probably the chief
lesson is, you have to carry things over the finish line. And if you
look at what's happened, they never really got close enough.
ROSE: Let me look back to history, which you write about in this book.
Is it possible that the administration could have done more to get to a
deal, and we would not be facing the kind of fiscal cliff we face now?
WOODWARD: It's always possible, and if you look – I mean, the
Republicans are like a brick wall, and it's very difficult to deal with
them. But the leader in the House, Speaker Boehner, initiated the
contacts with the President on this, was willing to do some sort of tax
reform. The President said he was willing to do some sort of entitlement
reform. But we're in a situation – when I talked to the President about
this, he made the very important key point that you can't cut Social
Security, Medicare, Medicaid, which, you know, provides health insurance
for 50 million poor people in this country. These are the vulnerable
populations. You got to find some way to reform it. But there's been a
lot of rhetoric, and the President saying, oh, gee, I'd be willing to be
a one-term President if I could fix this, and we're not close.
ROSE: Exactly.
O'DONNELL: Bob, as always, fabulous book and great reporting. Thank you so much. We appreciate it.
WOODWARD: Thanks.