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Interview with White House Advisor Gene Sperling

By The Last Word, The Last Word - September 19, 2011

Guests: Gene Sperling, Robert Reich, Jonathan Capehart, Dan Savage

LAWRENCE O`DONNELL, HOST: The president comes out with a plan, so Republicans come out with a phrase: class warfare.

(BEGIN VIDEOTAPE)

BARACK OBAMA, PRESIDENT OF THE UNITED STATES: I will not support any plan that puts all the burden for closing our deficit on ordinary Americans.

MARTIN BASHIR, MSNBC HOST: The bold President Obama today.

OBAMA: I will veto any bill that changes benefits for those who rely on Medicare.

UNIDENTIFIED FEMALE: Social Security is off the table.

CHRIS MATTHEWS, "HARDBALL" HOST: Ending the Bush tax cuts that favored the wealthy.

UNIDENTIFIED FEMALE: On tax reform.

UNIDENTIFIED MALE: Balance --

UNIDENTIFIED MALE: President Obama throwing the gauntlet down.

MATTHEWS: Obama draws the line.

UNIDENTIFIED FEMALE: Drawing the battle lines here.

UNIDENTIFIED FEMALE: Nancy Pelosi came out and said she is encouraged.

BILL CLINTON, FORMER U.S. PRESIDENT: I thought it was a good plan.

UNIDENTIFIED MALE: That`s what President Clinton seemed to say.

CLINTON: I think it would put Americans back to work.

UNIDENTIFIED MALE: It`s not going to get passed.

CLINTON: I doubt that the Republicans want it to happen.

MATTHEWS: Will it pass? No.

OBAMA: The speaker says, we can`t have it my way or the highway.

MATTHEWS: Taking a fight to the Republicans.

OBAMA: And then basically says, my way, or the highway.

CHRIS JANSING, NBC NEWS: Republicans are already picking it apart.

SEN. MITCH MCCONNELL (R-KY), MINORITY LEADER: There`s no education the second kick of a mule.

TAMRON HALL, MSNBC ANCHOR: Republicans saying this is dead on arrival.

CHUCK TODD, NBC NEWS: Dead on arrival.

JANSING: You do understand, Congressman, the average person out there who`s making $40,000, $50,000, $60,000 a year, when they hear that you only have $400,000 left over, it`s not exactly a sympathetic position.

UNIDENTIFIED MALE: Class warfare has never created a job.

BOEHNER: Well, I don`t believe that class warfare is leadership.

REP. PAUL RYAN (R), WISCONSIN: We`re going to just do class warfare.

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