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MR. CAVUTO: All right. Well, ahead of the vote, the mocking, the president taking heat for the way that he is talking about his rivals, the Republicans.
PRESIDENT BARACK OBAMA: (From videotape.) The same old delay, the same old distractions, the same talking points, the same cable chatter. You know, I mean, aren't you all tired of that stuff? They did not vote for the false theories of the past, and the didn't vote for phony arguments.
MR. CAVUTO: Phony arguments. What do you make of that, Senator Lindsey Graham?
SEN. GRAHAM: I have a lot of respect for the president, but the public understands what's going on on Capitol Hill. He has to convince the public that this bill is in their interest, and I don't believe the president can because it's not. It's unfocused, it's not timely, it's not targeted. It's $1 trillion of spending in the name of creating jobs, but in fact it is an appropriator's dream come true. And my objection is that if you want to be bipartisan and you want to solve housing and you want to solve the banking problem, do not create a spending bill that the public will be turned off to.
I have reached across the aisle. I have been involved in the gang of 10 and the gang of 14 in immigration, so it is in my nature to try to reach across the aisle and solve hard problems. This bill, Neil, is fundamentally flawed. The process that led to this bill started in the House with the idea, we won, we write the bill. I would like to get more Republicans in a room to find a way to jump- start our economy, spend money that will create jobs, cut taxes, that will create jobs, then move on to the housing and banking problems. But this will not --
MR. CAVUTO: All right. But in the beginning, I mean, only a couple of weeks ago, you were part of a team that looked abroad to help the president and deal with Middle East peace. So it looked like it was kumbaya and everyone was passing along s'mores. And now just the opposite. What's going on here?
SEN. GRAHAM: Well, what happened is that we started a process in the House to stimulate the economy, and I believe we need to spend money, not just cut taxes. I believe in infrastructure spending. I believe in helping the states in a reasonable way, helping people who have lost a job with unemployment and the extension of food stamps. I do not believe in a trillion-dollar bill that has a bunch of junk in it that we're going to pay for for generations that was an appropriation bill not a stimulus bill. I don't believe in the idea of we won, we write the bill. I don't believe --
MR. CAVUTO: But did you hear our Fox News alert on the waterpark? That's gone. The $2 million waterpark is gone.
SEN. GRAHAM: But what's not gone is that this bill allows people who lose their job to sign up for COBRA benefits, health care benefits and pay 65 percent of the premium, no matter who you are. In other words, in this bill, if you're a CEO who's been fired with a $20 million parachute bailout package, under this bill the federal government will pay your health care premium, 65 percent of it. Under this bill, the state gets $90 billion to help with their Medicaid problems. They only need 11 (billion dollars) for new people. This is crazy.
MR. CAVUTO: Senator, very interesting. We'll be following closely because you're the guy to follow. Senator Lindsey Graham, always a pleasure, sir.
SEN. GRAHAM: This is a lot more than swimming pools.
MR. CAVUTO: All right, understood. But that waterpark is gone, and we got that going, Senator, just so you know that. It started here.
SEN. GRAHAM: (Laughs.)
MR. CAVUTO: One waterpark, 586 items to go.