the fiscal cliff, he's also running aerospace giant boeing and joining us now from chicago is jim mcnerneyhairman and ceo. mr. mcnerney. great to see you. earlier we said we do want you to fix the fiscal cliff, obviously, if you have time. but we also want you to make great airplanes and make sure you've got those totally perfect before you really start. you know, we can't put everything on you at this point. >> are you asking about the 787, joe? >> no. just in general, we want the safest planes, but you know what? i do have to ask you about that eventually with the generator and the qatar stuff. but just in general we don't expect you to fix the nation's ills. just make the, you know, continue to make the greatest planes in the world. but this generator thing, is it -- it happened what, twice or something? or is that a -- a fault make at the generator if that does happen twice? >> well, we're investigating it right now, joe. i mean, i think we're having what we would consider the normal number of squawks on a new airplane consistent with other new airplanes we've introduced. this is an is

not because because jim mcnerney will say it or jeff immelt will say it, but the millions who work for us, their lives are in flux. this is incredibly credible that we get it done now. we need revenue. everybody knows we need revenue. >> i think the president is right in asking for more revenue and therefore not extending the bush tax cuts to those with more than $250,000. >> bowles-simpson, there's not been one commission that says we can do this just on spending cuts. there has to be revenue. i think speaker boehner is the only guy that can lead us in that. >> that means you've got to take the republicans from the house of representatives and make the deal. >> and i trust that he could do it. >> we'll have more of that conversation with jeff immelt, including more on the fiscal crisis facing the nation coming up in our next hour. >>> first we turn now to former house majority leader dick armey. he had his own budget battles with the white house in the 1990s. he recently served as chairman of the tea party group freedom works. good morning, leader. >> good morning. >> it seems that re