Skip navigation

Money & Politics

WEEKNIGHTS 7P ET


Current DateTime: 12:30:28 23 Feb 2012
LinksList Documentid: 33310671

SHOW TIMES

CNBC US:
Weeknights 7p ET

CNBC Asia:
Saturday 07:00 SIN/HK

RSS FEED

» Help

Current DateTime: 12:30:28 23 Feb 2012
LinksList Documentid: 28775123

MOST SHARED


Current DateTime: 12:30:28 23 Feb 2012
LinksList Documentid: 31330905
Expiration DateTime: 2/23/2012 12:33:45 AM

LATEST VIDEO

Get RSS Feed

» More

Current DateTime: 12:30:28 23 Feb 2012
LinksList Documentid: 28776292
    • Crude Realities: Obama's Oil Headache  22 Feb 2012

        Are President Obama's policies responsible for the rising gas prices? James Pethokoukis, American Enterprise Institute, and Dean Baker, Center for Economic and Policy Research, debate.

    • Michigan: A Must-Win for Mitt Romney?  22 Feb 2012

        Robert Costa, National Review, has the latest details on the GOP race, and discussing whether Romney's 20% tax plan will be a game changer in Michigan's primary, with David Freddoso, The Washington Examiner; Jason Mattera, Human Events; and Tony Fratto, fmr. White House deputy press secy.

    • Will Global Rally Continue?  22 Feb 2012

        Discussing whether there is an economic rebound brewing and how to play the recovery, with Pippa Malmgren, Principalis Asset Management, and Russ Koesterich, BlackRock iShares Group.

CONTACT US

Comments? Questions?
We want to hear from you!
E-mail:

Blame Obama for Washington Gridlock: Sen. McConnell

Published: Monday, 23 Jan 2012 | 8:23 PM ET
Text Size
By: Michelle Fox
Producer

When President Obama outlines his goals for 2012 during Tuesday’s State of the Union address, he shouldn’t expect a lot of cooperation from Republicans, senate Minority Leader Mitch McConnell (R-Ky.) told “The Kudlow Report” Monday.
Senate Minority Leader Mitch McConnell (R-KY)
Getty Images
Senate Minority Leader Mitch McConnell (R-KY)

“With the Obama economy established now … unemployment is still at 8 ½ percent,” McConnell said. “It didn’t work, and we’re not interested in doing more of the things that don’t work.”

Obama will use his State of the Union address to outline a lasting economic recovery that will “work for everyone, not just a wealthy few.” He is expected to call for higher taxes on the rich, among other things.

While it sounds like more gridlock ahead in Washington, McConnell put the blame squarely on the president.

He said Obama was “AWOL” last year on his bus tour when Republicans wanted to tackle tax reform and entitlements, and he expects more of the same this year. 

“He was not involved whatsoever,” McConnell said. “So I’m not optimistic, frankly, that in an election year that he’s likely to be any more engaged than he was last year.”

What’s more, he thinks the logjam in the nation’s capital is part of Obama’s agenda.

“That’s his strategy … to demonize Congress, to complain because he can’t continue to get everything he wants, like he did the first two years,” he said. “It’s all about his re-election and not about the country.”

One thing that McConnell thinks will get done is the payroll tax cut extension, which was extended for only two months in December when Congress couldn’t come to an agreement.

“We’ll be back at trying to figure out how to do that for the balance of the year and how to pay for it,” he said. “We don’t want to add to the deficit.”

The Associated Press contributed to this report.

Questions? Comments, send your emails to:

© 2012 CNBC, Inc. All Rights Reserved

CNBC HIGHLIGHTS

  • ETF Strategist | Fixed income
  • The economy is heating up but the Fed isn’t letting up. How do you play the fixed-income market?
  • With its rich oil reserves and rampant corruption, Azerbaijan poses a dilemma for U.S. policy makers.
  • Business owners should occasionally consider giving their work for free. Here are several reasons why.
  • Chris Christie and Warren Buffett
  • GOP Governor Chris Christie wants Warren Buffett to stop talking about higher taxes on the super-rich.
  • London Olympic Rental
  • There’s a shortage of hotel rooms in London for the Olympics, so many locals are renting out their opulent private homes.
  • Boston Beer will be creating a special commemorative brew, the Samuel Adams Boston 26.2, to mark this year's Boston Marathon.


Current DateTime: 01:18:33 22 Feb 2012
LinksList Documentid: 29778428

Current DateTime: 03:38:30 22 Feb 2012
LinksList Documentid: 29779196

Current DateTime: 12:30:56 22 Feb 2012
LinksList Documentid: 29779197

Current DateTime: 09:04:56 22 Feb 2012
LinksList Documentid: 29779199
CNBCCNBC
About CNBC  |  Site Map  |  Video Reprints   |  Advertise  |  Help  |  Contact
Privacy Policy  |     |  Terms of Service  |  Independent Programming Report
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2012 CNBC LLC.  All Rights Reserved.
A Division of NBCUniversal
Thomson ReutersThomson Reuters