the fact of the matter is i think we are doing the right thing. we ve got to continue to do the right thing and not be knocked off because the president has a press conference or two. alisyn: congressman dan l u.n. gren we really appreciate you taking a brick to come on and share your perspective with us. we will monitor over the next two weeks. wall street is on edge today as the debt debate continues. there you see it there. that is we re down on just lee the dow is down 154 points at the moment. worries over whether or not lawmakers will raise the debt ceiling apparently driving down the markets. at one point the dow fell 171 points. investors are also keeping a close eye on europe s dragging economy. coming up we ll have our political panel weigh in on weather on where the debt debate, i should say, heads next. meanwhile over at the white house at this hour president obama is about to announce his pick to head the consumer financial watchdog agency. former ohio attorney general
that we were expecting to have. as you point out, they say, look, unemployment is still going to be 8 3/4 percent by the end of next year and the economy will not pick up rapidly but slow down a little bit from where it is now. we ve done some digging into the government s own figures. if the economy was expanding nicely, rapidly, you would expect the government would be taking in a lot more money, because more people are working, they are spending and they would be taxed more. that is not happening. in june of this year the amount of money flowing into the treasury was actually less than it was in june of last year, about a billion and a half less. there you have it. we ve got from 251 billion, 249 this june. that is not a picture of an expanding, vigorous dynamic economy. alisyn: and they looked at gdp and apparently had to revise their previous estimates downward. does this mean the double-dip
technology is doing it. the theme of this panel, markets work, innovators making this positive, things happen. let it roll. bureaucrats out of the way, we ll do it. david: bruce, wouldn t you concede that if we were to abide by the paris agreement, it would cost us all a lot more money and that extra money, we usually use to control pollution. well, i don t know about that because listen, if this is so bad for business and bad for growth, then why is jeff immelt disagreeing with the president and why are it s political. the tech communities and so for. no, this isn t. there s a trillion dollars renewable industry out there and we re and donald is focused on digging coal in coal mines. david: sabrina go ahead. president obama want today reduce by 26 and 28%, one of the things is our dragging economy. we need to go with the economy, and allow the businesses to
those things, and all he s telling us, no, no to anything we put up there. we are going to fight for this. we believe in this. if he vetoes it, then we will go to plan b, but right now plan a is the one that would actually bring a recovery to this economy, and we are not going to give up on it just because the president has a press conference in the white house to tell us what he will not do. he still has not told us what he will do. alisyn: congressman i also want to ask you about this new cbs news poll which has just been released in which 48% of respondents say that they disapprove of the job that the president is doing on the debt talks, however, 71% of respondents say that they disapprove of the job that you and your republican colleagues are doing in congress on the debt talks. why do you think they are holding you and your colleagues more responsible than the president and the democrats? well i think because the president has the bully pulpit. the white house always has the bu
increase on the debt limit, and would also include a constitutional amendment requiring a balanced federal budget. congressman dan hrupb gree l u.n joins me to talk about this live. hello, long man. hello. we have to see whether he will really veto it. the president has said a lot of things that haven t come true. this is the most leaderless president i ve seen in my lifetime. here we have a situation in which we should be coming together, and yet the president appears to be panicking. he s the one who said a number of years ago that you shouldn t raise the debt ceiling unless you re going to do something substantial. he s the one who said a couple of years ago, and last year followed through on it, in which the conclusion was, you don t raise taxes in the midst of a downturn in the economy. now he s going back on all of