this weekend on book tv, beginning sunday at 4:00 p.m. eastern, from his 2010 interview with juan williams, mitt romney from his book. they free trade, free enterprise, all those words of apology and those statements have and bolten those who find us as a weekend enemy. what later, the real romney, the author explores mitt romney s early years in michigan to the twenties 2002 winter olympics and his tenure at bain capital. at a campaign stop but that the detroit, vice president joe biden criticized mitt romney for saying president obama as out of touch. the vice-president touted the recovery of the u.s. auto industry and links mitt romney with the house republican budget plan passed earlier this year he is introduced by an olympic gold gold medal bo xer. [cheers] [crowd chanting usa! ] thank you. i do not know who you are more excited to see, me or joe biden. [laughter] i am proud to represent my hometown of flint, michigan. [cheers] for me, the olympics we
cliff. it refers to a series of automatic spending cuts and tax increases that will take effect in january. cbo estimates this will cause a significant recession next year. they are predicting 0.5% negative growth. that would be a recession by many measures. it had warned of negative growth next year but it is much deeper than that what they had one before. they are looking at 3% contraction of the economy if congress fails to act on the fiscal cliff. what actions might they take to address the forecast when returning in the fall and what can they get done before the election? doug elmendorf said in a press conference that congress should act in september when it comes back and acting sooner is better than later because already the economy is anticipating the fiscal cliff and growth has been stunted. we saw from the press releases they came out right after the reports that that there remains a stalemate in congress. the automatic spending cuts that are set to take place w