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Guests: Senator Stabenow and Representative McDermott

By The Ed Show, The Ed Show - December 20, 2011

Guests: Ezra Klein, Debbie Stabenow, Jim McDermott, Eric Burns, Jonathan Alter, Michael Eric Dyson

ED SCHULTZ, HOST: Good evening, Americans. And welcome to THE ED SHOW tonight from New York.

House Republicans shot down a tax break for millions of Americans. And they`re trying to pin the blame on everyone else in Washington.

This is THE ED SHOW -- let`s get to work.

(BEGIN VIDEOTAPE)

BARACK OBAMA, PRESIDENT OF THE UNITED STATES: The clock is ticking. Time is running out.

SCHULTZ (voice-over): John Boehner`s Tea Party tax hike is about to go forward.

OBAMA: This is not poker. It`s not a game for the average family who doesn`t have an extra thousand bucks to lose.

SCHULTZ: Congressman Jim McDermott of Washington and Senator Debbie Stabenow of Michigan on what happens next. And Ezra Klein is here to break down the politics.

GOV. CHRIS CHRISTIE (R), NEW JERSEY: That`s my problem with the president. He hasn`t stepped up and led.

SCHULTZ: Righties keep saying the president hasn`t led. They couldn`t be more wrong. And tonight, I`ll prove it.

UNIDENTIFIED MALE: You can go right now to PolitiFact`s Web site, go to the readers` choice and vote on the lie of the year.

SCHULTZ: The PolitiFact lie of the year is out and it isn`t a lie at all. Tonight, the truth about the Republican vote to end Medicare.

And racism rears its ugly head once again in the Republican Party. Michael Eric Dyson on why the Grand Old Party still can`t stand the first black president.

(END VIDEOTAPE)

SCHULTZ: Oh, we got a lot of correcting to do tonight, don`t we?

Americans, great to have you with us. Your taxes are going up in 11 days. How do you feel about that?

Well, here`s what happened. House Republicans killed a two-month extension of the middle class tax cut and unemployment benefits for this many people -- 160 million Americans will see less in their paycheck starting January 1st -- happy New Year.

John Boehner and the Republicans are leaving Washington, D.C., going home for the holidays. They don`t have a deal. Harry Reid has no plan to bring the senate back for a conference committee. I know that`s a little minutia, but that`s where we are right now.

The president, he took the offensive today. He hammered House Republicans for comparing the negotiations to a game of high-stakes poker that will affect the lives of 160 million Americans.

(BEGIN VIDEO CLIP)

OBAMA: I saw today that one of the House Republicans referred to what they`re doing as, quote, high-stakes poker. He`s right about the stakes, but this is not poker. This is not a game.

It`s not a game for the average family who doesn`t have extra thousand bucks to lose. It`s not a game for somebody who`s out there looking for work right now and might lose his house if unemployment insurance doesn`t come through. This is not a game for the millions of Americans who will take a hit when the entire economy grows more slowly because these proposals aren`t extended.

(END VIDEO CLIP)

SCHULTZ: Now, I have to say this -- a thousand bucks. What`s a thousand bucks? You know, if you`ve been around Washington long enough, you can get four or five people, go out for cocktails, have lunch. A thousand bucks is out the window.

I mean, that doesn`t sound like a lot to people in Washington, but it means everything to people in the heartland who are struggling with kitchen table bills. A thousand bucks is a lot of money to people.

John Boehner has completely lost control of the House to these radical Tea Partiers who all they want to do is defeat President Obama.

Nancy Pelosi laid the blame squarely on the Tea Party.

(BEGIN VIDEO CLIP)

REP. NANCY PELOSI (D), CALIFORNIA: Maybe the principle at stake here is the anti-government ideological warfare that the Tea Party Republicans in the extreme have taken us to. They, alone, are standing in the way of the tax cut for the middle class.

(END VIDEO CLIP)

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