Following last week’s question and answer session with House Republicans, this morning President Obama took questions from Democratic senators at their issues conference. Here are a few of the highlights:
President Obama on health reform:
You look at an issue right now like health care. So many of us campaigned on the idea that we were going to change this health care system. So many of us looked people in the eye who had been denied because of a preexisting condition, or just didn’t have health insurance at all, or small business owners in our communities who told us that their premiums had gone up 25 percent or 30 percent. And we said we were going to change it.
Well, here we are with a chance to change it. And all of you put extraordinary work last year into making serious changes that would not only reform the insurance industry, not only cover 30 million Americans, but would also bend the cost curve, and save a trillion dollars on our deficits, according to the Congressional Budget Office. There’s a direct link between the work that you guys did on that and the reason that you got into public office in the first place.
And so as we think about moving forward, I hope we don’t lose sight of why we’re here. We’ve got to finish the job on health care.
In response to a question from Senator Michael Bennett on what Democratic and Republican senators need to do differently to meet the challenges the country faces now:
The problem here you’ve got is an institution that increasingly is not adapted to the demands of a hugely competitive 21st century economy. I think the Senate in particular, the challenge that I gave to Republicans and I will continue to issue to Republicans is if you want to govern then you can’t just say no. It can’t just be about scoring points. There are multiple examples during the course of this year in which that’s been the case.
Look, I mentioned the filibuster record. We’ve had scores of pieces of legislation in which there was a filibuster, cloture had to be invoked, and then ended up passing 90 to 10, or 80 to 15. And what that indicates is a degree to which we’re just trying to gum up the works instead of getting business done.
That is an institutional problem. In the Senate, the filibuster only works if there is a genuine spirit of compromise and trying to solve problems, as opposed to just shutting the place down. If it’s just shutting the place down, then it’s not going to work.
And in response to a question from Senator Blanche Lincoln on whether or not Democrats should moderate their positions to find common ground with Republicans:
I noticed yesterday … there was some hearing about our proposal to provide additional financing to small businesses and tax credits to small businesses. Some of our friends on the other side of the aisle said, "This won’t help at all. What you have to do is to make sure that we continue the tax breaks for wealthiest Americans. That’s really what’s going to make a difference."
Well, if the agenda — if the price of certainty is essentially for us to adopt the exact same proposals that were in place for eight years leading up to the biggest economic crisis since the Great Depression — we don’t tinker with health care, let the insurance companies do what they want, we don’t put in place any insurance reforms, we don’t mess with the banks, let them keep on doing what they’re doing now because we don’t want to stir up Wall Street — the result is going to be the same.
…Sometimes we get ideologically bogged down. I just want to find out what works, and I know you do, too, and I know the people in Arkansas do, too. But when you’re talking to the folks in Arkansas you also have to remind them what works is not just going back and doing the same things that we were doing before. And, yes, there’s going to be some transition time. If we have a serious financial regulatory reform package, will the banks squawk? Yes. Will they say this is the reason we’re not lending? Yes. The problem is we know right now they’re not lending, and paying out big bonuses. And we know that the existing regulatory system doesn’t work.
So we shouldn’t be spooked by this notion that, well, is now the time to take seriously in an intelligent way, not in a knee-jerk way, the challenge of financial regulatory reform so that you don’t have banks that are too big to fail and you’re not putting taxpayers at risk and you’re not putting the economy at risk — now is the time to do it.

Following last week’s question and answer session with House Republicans, this morning President Obama took questions from Democratic senators at their issues conference. Here are a few of the highlights:
President Obama on health reform:
You look at an issue right now like health care. So many of us campaigned on the idea that we were going to change this health care system. So many of us looked people in the eye who had been denied because of a preexisting condition, or just didn’t have health insurance at all, or small business owners in our communities who told us that their premiums had gone up 25 percent or 30 percent. And we said we were going to change it.
Well, here we are with a chance to change it. And all of you put extraordinary work last year into making serious changes that would not only reform the insurance industry, not only cover 30 million Americans, but would also bend the cost curve, and save a trillion dollars on our deficits, according to the Congressional Budget Office. There’s a direct link between the work that you guys did on that and the reason that you got into public office in the first place.
And so as we think about moving forward, I hope we don’t lose sight of why we’re here. We’ve got to finish the job on health care.
In response to a question from Senator Michael Bennett on what Democratic and Republican senators need to do differently to meet the challenges the country faces now:
The problem here you’ve got is an institution that increasingly is not adapted to the demands of a hugely competitive 21st century economy. I think the Senate in particular, the challenge that I gave to Republicans and I will continue to issue to Republicans is if you want to govern then you can’t just say no. It can’t just be about scoring points. There are multiple examples during the course of this year in which that’s been the case.
Look, I mentioned the filibuster record. We’ve had scores of pieces of legislation in which there was a filibuster, cloture had to be invoked, and then ended up passing 90 to 10, or 80 to 15. And what that indicates is a degree to which we’re just trying to gum up the works instead of getting business done.
That is an institutional problem. In the Senate, the filibuster only works if there is a genuine spirit of compromise and trying to solve problems, as opposed to just shutting the place down. If it’s just shutting the place down, then it’s not going to work.
And in response to a question from Senator Blanche Lincoln on whether or not Democrats should moderate their positions to find common ground with Republicans:
I noticed yesterday … there was some hearing about our proposal to provide additional financing to small businesses and tax credits to small businesses. Some of our friends on the other side of the aisle said, "This won’t help at all. What you have to do is to make sure that we continue the tax breaks for wealthiest Americans. That’s really what’s going to make a difference."
Well, if the agenda — if the price of certainty is essentially for us to adopt the exact same proposals that were in place for eight years leading up to the biggest economic crisis since the Great Depression — we don’t tinker with health care, let the insurance companies do what they want, we don’t put in place any insurance reforms, we don’t mess with the banks, let them keep on doing what they’re doing now because we don’t want to stir up Wall Street — the result is going to be the same.
…Sometimes we get ideologically bogged down. I just want to find out what works, and I know you do, too, and I know the people in Arkansas do, too. But when you’re talking to the folks in Arkansas you also have to remind them what works is not just going back and doing the same things that we were doing before. And, yes, there’s going to be some transition time. If we have a serious financial regulatory reform package, will the banks squawk? Yes. Will they say this is the reason we’re not lending? Yes. The problem is we know right now they’re not lending, and paying out big bonuses. And we know that the existing regulatory system doesn’t work.
So we shouldn’t be spooked by this notion that, well, is now the time to take seriously in an intelligent way, not in a knee-jerk way, the challenge of financial regulatory reform so that you don’t have banks that are too big to fail and you’re not putting taxpayers at risk and you’re not putting the economy at risk — now is the time to do it.

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