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Detailed text transcripts for TV channel - FOXNEWS - 20110718:17:05:00

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 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

Detailed text transcripts for TV channel - FOXNEWS - 20110718:17:02:00

recession that everyone has feared? reporter: it means it puts it back on the radar screen. it is now a more likely possibility, if you can put it like that. we were expecting, when we came out of this very bad recession that you rebound quickly. the economy grows smartly and unemployment comes down. that has not happened. we ve got a very, very sluggish recovery, in fact it doesn t feel like much of a recovery at all. unemployment has actually gone back up above 9%. i got some figures from the federal reserve, they show that current truck sales, for example, down by a quarter from where they were before the recession began. that s not a recovery-mode economy. we are eating out less, spending less. the housing market is still falling. we are not buying houses, appliances, carpets, all that kind of stuff. we have not recovered, and we are not in a vigorous recovery mode. if you think this through, you can just go down the road a little bit, it means that our debt situation is going to

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