Transcript: Feinstein, Chambliss, McGovern, Keane

HUFFINGTON: But it's -- it's very significant, because the anger that we've seen unleashed is very related -- the minute you asked the second question -- to the bailout. And the fact that this is now focused on health care, it's because that is what is on the table. But the president needs to address this. He cannot ignore the fact that we saved Wall Street in order to save the real economy, and there has been no credit extended to the real economy, to small- business people, to families, any of that that was supposed to be the reason for saving them.

WILL: Let me give an alternative explanation of why people are anxious. Why? Only 1 in 5 Americans believes that under the bill proposed their insurance would be improved. This is a $1.3 trillion program that leaves 25 million Americans still uninsured and includes, for example, $40 billion tax on the makers of medical devices.

Now, we all know, Arianna, corporations do not pay taxes; they collect taxes. It will be passed on as a cost of doing business to the great American public, which was, the president said, immune from any tax increases.

BRAZILE: Once again, we're arguing maintaining the status quo, which I think everyone agrees is -- is unsustainable. Going back to what Nicolle said, 80 percent -- some Republicans are saying they agree with 80 percent of the bill. Well, fine. Let's get behind the 80 percent that they support. They want more...

WALLACE: Well, Democrats control everything. I mean, I think if that's what the Democrats suggested...


BRAZILE: Well, and -- and -- and, look, the -- look, the...

WALLACE: That's not on the table, Donna.

BRAZILE: And -- and -- and let me just say this. The Republicans have had plenty of opportunities in the committees to put forward their ideas, and the Democrats have incorporated many of those ideas in this bill. It's time for the Republicans to either put an alternative on the table or to just basically say that they want to keep the status quo, which means, for women, especially women my age and under, that we will continue to pay higher premiums just because we're female.

HUFFINGTON: But, Donna, you know, there's really no point in passing a bill that will be called reform, but will not be reform. We did that with education, remember...

BRAZILE: I agree.

HUFFINGTON: ... and nothing was reformed. And I think that's where we are headed. There will be some bill passed. There won't be a real public option. There will be a trigger or an opt-out or some compromise. But in the end, we'll water it down.


STEPHANOPOULOS: ... part of a big political problem the president faces now, though? I mean, I -- I think that, you know -- I think the psychology that's going to take hold among Democrats in -- in the House especially is the idea that, even if they have some of the concerns you have, that failure is not an option, that if -- if -- if the Democrats and the White House fail here, the entire enterprise goes under. As a supporter of President Obama, aren't you concerned about that?

HUFFINGTON: Well, politically, in terms of 2010, I think it will be very problematic, but this administration and the Democrats are facing so many problems when it comes to 2010, including Charlie Rangel, that I don't know what they're going to start focusing on. I mean, they have a real problem.

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