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tv   Money Moves With Deirdre Bolton  Bloomberg  December 20, 2013 2:00pm-3:01pm EST

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gdp numbers coming out. third-quarter growth in the u.s. revised higher. shares are rising as a result. " will be back in 30 minutes, money moves" is next. >> welcome to money moves, where we focus on alternative assets. i am mark crumpton in for deirdre bolton. he show you what investors and entrepreneurs are doing as well is what is going on in hedge funds, private equity, real estate, and more. resident obama is scheduled to hold his final press conference for the year at this hour. we will go live to the white house when it gets underway. as we await the president we will also have these stories, private equity firms scoop up mortgages all across the united
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states. what is the effect on homeowners as well as the housing industry? and the most innovative companies of 2013, some may surprise you. those stories and more over the next hour. we are awaiting the start of president obama's press conference in 2013. are we expecting from the president today? >> this is his last chance to explain why it was not a terrible year for him. we will most likely see him promote the gdp numbers, which look good today. to inspire some confidence about how the affordable care act launched the beginning of insurance coverage on january 1 for all these americans who were newly signed up -- how this may actually go forward and try to calm nerves that there will be more problems along the lines of the trouble launch. no doubt more questions about edwards snowden and that federal judges ruling just recently
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about the constitutionality of those nsa leaks. >> in terms of questions we may very well see a whole range. theproblems with revelations from edward snowden and the nsa surveillance programs has really dogged the president and will continue to do so until sometime in january when we hear what fixes he is going to propose. come outeen the panel with these recommendations that telecom companies are a little bit uneasy about. we will see him most likely have to field questions on that. we could hear questions about iran's sanctions, the future of syria, whether immigration reform is going to happen in to3, this is the last chance get their questions and before he is off to hawaii. everything is fair game. >> you mentioned iran. we heard yesterday that 26
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members of the senate, 13 democrats and 13 republicans, they are backing legislation that would impose new sanctions on iran. a diplomatic effort between the united states and western countries. how is the white house dealing with this, especially given the fact that 13 democratic senators would like to see more sanctions? house has been publicly opposed to this for quite some time. yesterday we began to hear about the two threads. it will be interesting to see if the president lays that don't directly. it is not something he likes to do or has been prolific about you in this case if we feel strongly enough about it we may hear him talk about it. statement like that from senators would impede progress. behind the scenes may lawmakers have wondered, and the white house tell iranians that may happen? to assessttle hard how much rhetoric -- how much is
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rhetoric. >> let's get back to domestic issues for a minute. there was some polling recently certainly showing the economy, although it does appear to be settling down, it is still struggling and unemployment rate is still at seven percent. it seems that many americans, the majority of americans are not giving president obama credit for a recovering economy. how is the white house been dealing the at -- has the white house been dealing with that? feel the president should get some measure of credit considering where things started when he took office in 2009. they are hopeful today's gdp numbers will translate to good implications for the on implement rate and also for some sort of general credit among the general -- among the american public. when you look at his approval ratings, they are bush second term approval ratings. that is not in spire confidence.
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-- they do not inspire confidence. >> this has been a frustrating year for president obama and this white house. what has been at the top of the list? relations with the republican house of representatives? has that cost the most frustrations that cause the most frustrations with the white house? >> it flows through everything they attempted to do. looking at the beginning of the year, sandy hook was just one year ago. that was not going anywhere. if this quest are -- the sequester that he thought was so bad for everyone, it happened. the debt ceiling fight, the temporary shutdown, even if you point points -- put points on a board and figure out who is stymiedg most, they all
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the president possibility to ,ocus on domestic policies and to some extent, foreign policies. immigration reform is something that the president has said he has been committed to but has been unable to move the ball on. again, a lot of that has stemmed from his problems communicating with congress and divisions internally. it is his inability to get these problems in making deals with congress. it is something they want to address next year. >> margaret talley joining us from washington. presidentiting obama's final press conference of 2013. we will bring that to you as soon as the president approaches the podium. we are going to take a quick break, money moves begins -- money moves continues in just a moment.
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>> welcome back to you and i am
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mark crumpton in for deirdre bolton. you are looking at a live shot of the white house briefing room. we are awaiting president obama, expected in just a few moments to get the final press conference of 2013. margaret talley us standing by. we discussed what an interesting is the most diplomatic way i can put it -- the most interesting year president obama and his white house have had in 2013. we talked about relations between the white house, beingats, and congress one of those sore spots. internationally, what has become to be seen as a sore spot is between the united states and russia. jeanresident names billie king among one of the most prominent openly gay athletes in the world to lead the opening ceremonies for the united states olympic team. has there been any feedback from russia on this?
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boitano,s also brian who has since come out as gay. the president obviously trying to send a signal about his displeasure at russia's anti-gay stance in these olympics. the problems between us and russia go beyond the social issue. mr. putin's dealings with the president was an olive branch or was it something really embarrassing in terms of the way president obama has been positioned vis-a-vis russia in these last few months? a complex relationship. when you look at some of the other relationships that president obama really word -- really wanted to work on india as ae it
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counterpoint to china and some of the fallout with the nomadic -- with the diplomatic response president has some problems to work on in 2014 in terms of his relationship with allies and with major powers he wanted to improve relations with. >> what happened with syria this year? that situation went off the rails. that civil war is continuing to rage on. there has been some question on who is going to get support from the united states, whether it is going to be logistical support for arms to the syrian rebels. our concerns those arms may end up in the wrong hands. as we saw this week, the killing in syria continues. >> the white house has known for a long time that this is going to be very difficult to pull the
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levers on because this is not a situation like libya or egypt in terms of what the u.s. can do. there are a couple of ways to look at this. one is if the situation looks out of control, we were veering towards a strike. hand, the president may be relieved that he did not need to go forward with the strike. we actually may be engaged in the middle of a war right now. you have this ongoing a tractable situation. >> we are waiting president obama, scheduled to commence with his final press conference of 2013, live from the briefing room at the white house. i am mark crumpton in new york joined by my colleague margaret talley in washington. you and your colleagues writing on bloomberg.com that the -- hasnt has listed
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lifted his health mandate for those with canceled insurance. >> the white house is looking at a couple of big dates to sign up for new insurance effective january 1. and then the january 1 launch date. they say it is good news and no more of 500,000 people will be heading into january 1 with no insurance because of the cancellations, because of the new thresholds set by obamacare. it is still half a million people. and the white house is done disclosed last night is those people may be up to half a million -- those people may be affected by those cancellations, the mandate does not apply. if they choose to go to january 1 they will not be bound by the penalty system that was to take effect. is he making up the rules?
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user questions he may answer in the next hour. >> and also getting some criticism from the republicans. you and alex right in your story -- you and alex write in your story -- more americans will be under coverage of obamacare than a year ago. the plot is thickening. question critics of obamacare has been posing as people will lose his planner pick it up. would not be the case beginning on january 1. more people will be newly covered then we'll have been rocked and unable to catch up. been fairly have close held about data, maybe it is about -- maybe it is on an
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abundance of caution. wemay be mid-january before have a good handle on how many people are newly covered and how that is working. lot of questions that may begin to be answered on january 1 but more likely in that first week of january. >> to revisit the history of this, because this has been a year in which the administration has been scrambling since the ,otched rollout on october 1 they seem to have gotten their feet under them. aren't there more questions than there are answers at this point? >> what they are hoping is that they can get to january 1 without too many glitches they begin to catch control of this narrative and let the efficacy of the program speak for itself but between now and january 1 is still a political problem for them and when they're trying to get a handle on. >> margaret talley joining us from washington.
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again, president obama expected to reach the podium just moments from now. his final press conference of 2013. before the president begins his press conference, let's take a look at how wall street has been performing on this december 20. of all the major market averages are in the green. the nasdaq is up one point -- is up 1.27%. the s&p up by three quarters of a percent. and the dow jones industrial average is up two thirds of a percent. a 106 point rise for the doubt this afternoon. stocks and treasury bonds are rising. that report that margaret mentioned shows the economy expanded at a faster rate than previously estimated in the third quarter p.m. you are watching -- and the third quarter. you're watching bloomberg television, i'm mark crumpton.
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president obama has his final conference of 2013. a wide variety of topics, ranging from health care reform here in the united states and some of the critical issues overseas, namely iran. that news that we got yesterday that 26 u.s. senators, 13 democrats and 13 republicans, want to sign onto legislation that would require the united states to increase sanctions on , even asic republic some sort of interim deal has been reached for iran to scale back its nuclear program in exchange for a lessening of international sanctions, sanctions that have crippled the iranian regime for some time now. since 1979 and the iranian revolution that relations between washington and tehran have been strained. we have heard earlier this year of and all is -- of and all of extended.ng
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-- of an olive branch being extended. -- is that iran isn't attempting to build nuclear weapons, as opposed to doing research and trying to provide electricity for the iranian people. there is also some concerns about what is been going on with north korea and the news we got in the last week that the new leader of north korea, kim jong ono, had his uncle assassinated. we will have that story in a moment. the president of the united states on bloomberg television. >> not surprisingly, i am too. say, it isat they the most wonderful press conference of the year. [laughter] i am eager to take your questions but first i want to say a few words about our economy. businesses created
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in other 2 million jobs and more than up to 8 million in just over the past 45 months. learned over the summer the economy grew at the strongest pace in 32 years. the unemployment rate has steadily fallen to its lowest point in five years. the tax code is fair and our fiscal situation is firmer with deficits that are now less than half of what they were when i took office. for the first time in nearly two decades we produced more oil here at home that we bought at the rest of the world -- bought from the rest of the world an. the affordable care act has costs atep health-care a low straight in 50 years. this means bigger paychecks for families and bigger savings for businesses looking into
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investing in america. for all the challenges we have had and all the challenges that we have been working on bothently in dealing with the aca and the website these past couple of months, more than half a million americans have been and rolled through healthcare.gov for the first weeks of december alone. state operating its own marketplace, more than 50,000 americans are enrolling every single day. tens of thousands are enrolling every single day on the federal website. since october 1, more than one million americans have selected a new health insurance plans through the federal and state marketplaces. americans, despite the problems with the website, are now poised to be covered i quality affordable health insurance come new year's day. this holiday season there are mothers and fathers and entrepreneurs and workers who
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have something new to celebrate, the security of knowing when the unexpected or misfortune strikes , hardship no longer has to. intoit means as we head next year with an economy that is stronger than it was and we started the year, more americans -- then it was when we started the year. our businesses are positioned for new growth and new jobs. 2014 can be ave breakthrough year for america. as i outlined in detail earlier this month, we all know there's a lot more we are going to need to do to restore opportunity and broad-based growth for every american. that is going to require some action. it is a good start that earlier this week, for the first time in years, both parties in both houses of congress came together to pass a budget. unwind some of the damaging sequester cuts that creates headwinds for our economy, it
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clears the path for businesses, and for investments that we need to strengthen our middle class like education and scientific research. it means the american people will not be exposed to the threat of another reckless shutdown every few months. it is probably too early to declare an outbreak of bipartisanship, but it is also fair to say we are not condemned to endless gridlock. there are areas we can work together. begin -- work should something that republicans in --gress should have done restoring the temporary insurance to help folks make ends meet when they're looking for a job. more than one million of their constituents will lose an economical final line. -- economical lifeline. we don't abandon each other when
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times are tough. keep in mind unemployment insurance goes to folks who are actively working for work -- actively looking for work. a dad who needs help paying the rent wall working part time and still earning the scales -- while working part-time and still earning the scales he needs for that new job. the first order of business should be making this right. i know if bipartisan mood -- bipartisan group is working on a three-month extension. they should pass it and i will sign it right away. i think 2014 needs to be a year of action. we have work to do to create more good jobs to help more americans earn the scales -- the skills and education they need to do those jobs. task of have the finishing the fix on our broken
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immigration system, we need to build on the progress we painstakingly made over the last five years with respect to our economy and offered the middle and offer the middle class a better opportunity. juste conclude by saying as we are strengthening our position here at home, we are also standing up for our against the world. if future where iran does not building nuclear weapons, if future where weapon stockpiles are destroyed. by the end of next year the war in afghanistan will be over. just as we ended a war in iraq. we will continue to bring our troops home. tolong as we remain vigilant
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protect our homeland from terrorist attacks, a lot of our men and women are still spending .heir christmas far away in some cases it is still in harms way. i want to say to them and their families back home, i want to thank you. our country stands united in support of you and being grateful for your service and sacrifice. we will keep you in our thoughts and prayers during the season of hope. i will take some questions. jp paired a list of who is naughty and nice. -- j repaired a list of who is naughty and nice. [laughter] >> despite all of the points in your opening statement, very little of the domestic agenda that you outlined in your
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inocula dress and state of the union address -- health-care rollout had huge problems and your ratings from the public are near historic lows. has this been the worst year of your presidency? >> i have to tell you that is not how i think about it. i have now been in office for .ive years, close to five years i was running for president for two years before that. covered mef you who during that time, we have had ups and downs. i think this room has probably recorded at least 15 years debt experiences. -- 15 near-death experiences. and everyus on each day is are we moving the ball in helping the american people, families, have more opportunity, , to feel as if
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they were car they can get ahead. -- they work hard they can get ahead. there are areas where obviously there have been some frustrations where wish congress had moved more aggressively. passing background checks in the wake of newtown is something that i continue to believe is a mistake. i also look at because of the debate that has occurred, all the work that has been done at state levels to obtain a gun safety and make sure we don't see tragedies like that happen -- n there's a lot of focus on theslative act to the t at congressional level -- legislative activity at the congressional level. even when congress moves on things they should not move on, there are things we are still doing. we don't always get attention for it but -- the connect ed program >> where we will be an initiated wireless capacity in
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every cast room -- every classroom in america will make a difference for kids across this country and for teachers. a manufacturing hub that we set youngstown -- something i talked about in the state of the union -- is going to create innovation and will connect universities, manufacturers, job training to create a renaissance and build on the renaissance we're seeing in manufacturing. when it comes to energy, this year is going to be the first year and a very long time for we're producing more in oil and natural gas here in this country than were important. that is a big deal. i understand the points that you're getting at, julie, which is that a lot of our legislative notiatives in congress have
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moved forward as rapidly as i liked. i completely understand that, which means i will keep adit. if you look at immigration reform, probably the biggest thing that i wanted to get done progress andwe saw it passed senate by the dashed by a strong bipartisan vote. there are implications that there is a commitment on the part of the speaker to try to move forward legislation for next year. the fact that it did not hit the timeline that i prefer is obviously frustrating but it is not something i end up brooding about. >> it is not just your legislative agenda. when you talk to americans, they seem to have lost confidence in you, your credit that he has taken a hit opposite of health care. -- theerstand that those
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public has changed in some ways. >> i guess what i'm saying is if you are measuring this by polls, my polls have gone up and down a lot. if i was interested in pulling i would not run for president. i was pulling at 70% when i was in the u.s. senate. i took this job to deliver for the american people. and will continue to note there'll be ups and downs on it. right, the health care website problems were a source of great frustration in the last press conference. i adequately discussed my frustration on those. people a complement of -- since then we have a couple million people, maybe more, who will have on generate first. that is a big deal. that is why i ran for this office. as long as i have got an opportunity every single day to
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make sure that in ways large and small increasing opportunity for people, more kids are able to go to school and get the education they need, more families are able to stabilize their finances, the housing market is continuing to improve, people feel like the wages are maybe , ifing up a little bit those things are happening i will take it. it said it before my last political race. at this point my goal is to make sure i can look back and say we do live or something. this is a long haul. >> one of these most -- the most significant events was the a federal judge
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says that, for example, the government failed to cite a single instance where the analysis of the nsa's metadata -- are you able to identify any specific examples? are you convinced the collection of that data is useful to national security as it is? >> let me talk raleigh and then i'll talk about the program you are referring to. know, the independent panel i put together came back with a series of recommendations . i had an extensive meeting with them in the situation room to review all of the recommendations. i want to thank them publicly because i think they did an excellent job. to look from want top to bottom at what we are and even value weight whether or not the current
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structures that we have in the areent programs we have probably early -- are properly , be iting our concerns the terrorist attacks or other threats to the homeland. and are we making sure we are taking seriously the rule of law in our concerns of privacy and civil liberties. what we're doing now is even value waiting all the recommendations that have been made. all thealuating organizations that have been made. i will assess, based on conversations not just with the intelligence community but others in government and outside of government, how we may incorporate the recommendations. i am going to make a pretty definitive statement about all of this in january, where i will , here are the
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recommendations we think makes sense, here are the ones that need to be refined further, here is how it relates to the workers ability to not just internally but also, in partnership with other countries. i am taking this very seriously. this is a debate that needed to be had. one specific program, the 215 program, is the poker collection of phone numbers and exchanges that has taken place. that has probably got the most attention with respect to domestic audiences. past, itve said in the continues to be the case. the nsa, in exiting this program , believed, based on experiences
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from 9/11, that it was important for us to be able to track if there wasn't a home number of iteris outside of the united states calling into the united states, where the call might have gone. place that data in one to be confident in pursuing various investigations and terrorist threats. i think it is important to know that in review of all the programs that had been done, there had not been actual it has beenere alleged the nsa, in some ways, acted inappropriately in the use of this data. what is also clears from the public debate, people are concerned about the prospect and possibility of these things. that is what the detroit court
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suggested. although his opinion differs from rulings on the fisa court, we are taking those into account. the question we're going to have to ask is can we accomplish the same goals that this program is intending to accomplish in ways they give the public more confidence and keeps the nsa doing what it is supposed to be doing. i had confidence in the fact that the nsa is not engaging in domestic surveillance or snooping around but i also recognize that this technology changes -- that as technology changes people can start running algorithms and programs that map out all the information that you are downloading on a daily basis into our telephones and and we may have to refine this further to give people more confidence. and we have to provide more confidence to the international community.
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in some ways what has been more challenging is the fact that we do have a lot of flaws -- a lot of laws and checks and balances would comes to making sure the nsa and other intelligence agencies are not spying on americans. have had less legal constraint in terms of what we are doing internationally. part of what has been interesting is that recognizing -- is recognizing that in a perfect world these boundaries don't matter anymore. the values we have is an american -- as americans are ones we should be willing to ,pply the undead our borders perhaps more systematically than we have done in the past. ed henry? >> thank you, mr. president. way. christmas, by the >> merry christmas. >> when edward snowden began
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leaking the information, you claimed that you already reformed the surveillance programs. themaid, my team evaluated and expanded some of the oversight. you also said we may have to rebalance some of these issues. you said, you can complain about big brother and how this program runs amok. when you look at the details, then i think we struck the right balance. that was only six months ago. the panel is saying you know, even you are saying you know the right balance hasn't been made. are not fully read in on these programs but on the other where we were potentially listening in on the german leaders, brazilian leaders, and others that suggest there were abuses? number two, is it another example of what julie was
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getting at with this question of credibility with the american people, that just like on health care, you like your pen that you like your plan you can keep it. you said we have the right balance and six months later you said we do not. >> i think it is important to note that when it comes to the right balance on surveillance, these are a series of judgment calls we are making every single day. we have a bunch of folks whose make sure the american people are protected. ed is a hard job because of something slips, then the question coming from you the next day is, mr. president, why did the intelligence people allowed to slip? isn't there a way we could have -- theut that in fact point is not that my assessment of the 215 program has changed in terms of technically how it , what is absolutely clear
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to me is that even the public debate that has taken place and the disclosures that have taken place in the last several months, that this is only would work the american people have confidence and trust. part of the challenge is because of the matter in which these disclosures took place, often in a shaded away and because of the constraints we have had in terms of declassifying information and , that trust inre how many safeguards exist has been diminished. what is going to be important is to build that back up. account whennto weighing these programs. let me be specific on the 215 program. example,sible, for that some of the same
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information that the intelligence community feels is required to keep people safe can thebtained by having private phone companies keep these longer creates a mechanism in which they can be accessed in in an effective fashion. it may cost more, there may be different checks on how those requests are made, they be technological -- they may be technological. the question we are asking ourselves now is does that make sense not only because of the fact that there are concerns of potential abuse down the road beinghe metadata that is covered by a government resident company.
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this does not make sense to do because people are concerned. we have to factor that in. my point is the environment has that, i think, require us to take that into account. have beenalysis i doing throughout has always been periodically looking at what we are doing and asking ourselves are we doing this in the right way? are we making sure we are keeping the marriage of people safe, are we being true to our civil liberties, properties, and values? >> got for bid there is another attack. everyone is second-guessing you and that is extremely difficult. >> that's ok. >> and you took that on. do you have any personal address -- personal regrets? james clapper months ago went up
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and got a question about whether some of this was going on and he denied. does that undermine the public trust? >> you're conflating me and mr. clapper. this -- yes,ng is these are tough problems. i am glad to have the privilege of tackling them. your initial question was whether the statement i made six months ago are ones that i don't stand by and what i am saying is the statements i made then are entirely consistent with the , which is i make now that we believe that we had scrubbed these programs and struck an appropriate balance and there had not been evidence and it continues not to be evidence that these particular programs have been abused in how it was used. tool, workingl
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with the other tools the intelligence community has, to ensure that if we have a threat -- a thread on an extensional terrorist threats we can act on it. in light of the disclosures that it is clearlace, that whatever benefits the configuration of this particular program may have, they may be outweighed by the concerns that people have on its potential abuse. if that is the case it may be a nether of skinning the cast. -- another way of skinning the cat. i think the panel's and's are consistent with that. if you had a chance to read the overall recommendations, what they were very clear about is that we need this intelligence. he cannot unilaterally disarm.
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there are ways we can do it potentially that gives people greater assurance that their checks and balances, there are sufficient oversized -- oversight, sufficient transparency. and that is exactly what we should be doing, evaluating all these things in very clear specific ways and moving forward on changes. that is what i intend to do. >> you have no regrets? john. >> thank you, mr. president. we may not want to call it the worst year of your presidency. but they are at a low point. back at thek decisions you have made on what you did and did not do. for you, personally, what you think is your biggest mistake?
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to health care, specifically? or the whole thing? >> overall. there is no doubt that when it came to the health-care rollout, even though i was meeting every other week for every three week -- every other week or every three weeks with folks and emphasizing that consumers have a good and easy experience in getting the information they need and knowing with the choices an options were for them to get high quality affordable health care, the fact is it did not happen in the first months, the that six weeks, in a way was all acceptable -- that was at all acceptable. since i was in charge, i screwed it up. do with howas to
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i.t. procurement is been a general. part of it has to do with the were not clear enough lines in terms of who was in charge of the technology. there are a whole bunch of things we have been taking a look at and i will be making appropriate adjustments once we get through this year and we have gets in -- gotten through the initial surge of people signing up through the having said all that, the bottom line also is that we have several million people who will have health care that works. it's not that i don't engage in self reflection, i promise you i have probably beat myself up even worse than you or at henry does on any given day -- but i
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also have to wake up every morning and make sure i do better the next day. landscape for the next year, what i say to myself is we are poised to do really good things. the economy is stronger than it has been in a very long time. our next challenge is then to make sure that everybody benefits, not just a few folks. there are too many people who and are seen a raise still feeling financially secure. we can get immigration reform done. we have a concept that has bipartisan support and let's see if we can break through the politics on this. we think folks will have learned their lesson about brinksmanship. there were times when i thought
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about, were there ways where i could have prevented those three weeks or four weeks that hampered the economy and individual families who were not getting a paycheck during that time? absolutely. i also think in some ways, given the pattern we have been going through with house republicans for the while that for a while, we might have needed a little freezing recognition that this is not what the american people see as acceptable. a want us to solve problems and be practical, even if we cannot get everything done. the end of the year is always a good time to reflect and see what you can do better next year. that is how i intend to approach it. evensure i will have better ideas after a couple of days of sleep and son. rihanna.
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ceiling, your treasury secretary has estimated the government will lose its ability to pay bills come in february or march. house committee chairman paul ryan say republicans are going to decide what it is a can accomplish out of this debt limit. when you negotiate with house republicans on the debt ceiling? >> you know the answer to this question. negotiatenot going to to pay bills it has accrued. here's the good news. i want to emphasize the positive as we enter into this holiday season. i think congressman ryan and senator murray did a good job in trying to narrow the differences and actually pass a budget i can sign. it is not everything i would like, obviously. back parts of these
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across-the-board cuts and this question and we are still under .unding research and education they operated in good faith. given how far apart the parties have been on fiscal issues, they should take a ride in what they did. i said congratulations and i that create a good pattern for next year. we agree to disagree on some of the other big-ticket items. i think immigration potentially falls in that category. here is an area where we have bipartisan agreement. there are a few differences here and there but the truth of the matter is the senate bill has components of
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comprehensive immigration reform that would boost our economy, that would give us an opportunity to attract more investments and high skill workers -- we are doing great things in places like silk on valley and around the country. so let's go ahead and get that done. now, i can't imagine that having seen this possible daylight breaking when it comes to cooperation that folks are thinking about plunging us back into the kinds of axmen ship and governance that has done us harm -- kinds of rings midship and governance that has -- kinds of governance that has done us harm over the past couple of years. is a not something that
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negotiating tool. it is theleverage, responsibility of congress, part of their due -- part of doing their job. i'm happy to talk to them about any of the issues they actually want to get done. thomas mann ryan is interested in tax reform, let's go. i have some proposals. if he is interested in any issue out there i am willing to have a constructive conversation in resolving the budget issues. i have to assume folks are not crazy enough to start that thing over again. what a more personal note, is your new year's resolution? >> my new year's resolution is to be nicer to the white house press corps. [laughter] absolutely. >> quite a lead-in, mr.
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president, thank you. forcead of the nsa task on edward snowden told 60 minutes that it was "worth having a conversation of granting edward snowden amnesty." under what circumstance would you consider a plea agreement or amnesty? what you say to americans who, after possibly judgeslerted to the decision this week and reading the panel recommendations, did edward snowden set in motion something that was in just about the surveillance and should not be considered by this government a criminal? be careful here, major, because mr. snowden is under indictment. with crimes.harged and that is the province of the attorney general and ultimately the judge and jury.
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i cannot weigh in specifically on this case at this point. i will see likened it to the spirit of the question even if i cannot talk about the specifics. i have said before, and i believe this is an -- an important conversation we needed to have. the way in which these disclosures happened had been damaging. damaging to the united states and damaging to our intelligence capabilities. there was a way to have this conversation without that damage. i'll give you just one specific example. the fact of the matter is united states is a country that abides , that caresof law deeply about privacy, that cares about civil liberties, that ,ares about our constitution
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and we actually have countries that do the thing mr. snowden says he is worried about very explicitly, engaging in surveillance of their own citizens, targeting political dissonance, targeting and , who areng the press somehow able to sit on the sidelines and act as if united if it is the united states that has problems when it comes to surveillance and intelligence operations. that is a pretty distorted view of what is going on out there. that as important and necessary as this debate has been, it is also important to keep in mind that this has done
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unnecessary damage to u.s. intelligence capabilities and u.s. diplomacy. but i will leave it up to the courts and the attorney general to weigh in. mr. midas is raising this topic of conversation. to be a was ever going conversation about amnesty or a plea bargain -- calexico think that is true. i guess what i am saying is -- >> there is no opportunity deco >> there's a difference between him saying something and the president of the united states. >> thank you, mr. president. merry christmas and happy new year. you talk about the issues of health care and the website rollout. there have been other issues
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about people keeping their policy, extended deadlines, we have a new way for hhs announced last night. how do you expect americans have confidence and certainty in this these changes? this new waiver last night, he you could argue it may as well have delayed the mandate. >> that is not true because what we are talking about is a very specific population that received cancellation notices from insurance cap -- insurance companies. clause has been extended. there may still be a subset that are still looking for options.
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sure theo make hardship provision that was already existing in the law would also potentially apply to somebody who had problems during this transition. bang -- this transition period. you are making a broader point that i think is broader point that i think is fair. and that is that in a big , what we arethis constantly doing is looking -- is this working the way it is supposed to? and if there are adjustments that could be made to smooth out the transition, we should make them. but they do not go to the court of law. the court of the law is that for 85% of the population, all they have been getting is free preventive care, better consumer protections, the ability to keep

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