first real test of candidates for the primary. the candidates made their case during the past few hours. you know what america needs, but unfortunately barack obama has absolutely no clue. he is like a manure stuck in a windstorm. together we are going to make barack obama a one-term president! time to bring the troops home. [ applause ] let s empower people! empower businesses! we can focus on the jeopardy, or we can seize the opportunities. i had to wave my hand and ask for recognition. this is the little engine that could campaign. checked out is nbc news correspondent and political director joins me now, are you in your element, brother. let me tell you. you just came back from being outside wrangling and watching. one of the things you noticed is that marcus bachman is pulling people in the polls have closed. you know, the polls closed a couple of minutes ago. and the last five minutes, doing all you sensed the urgency in the bachmann campaign. it s b
votes. we ll soon learn who wins the first real test of candidates for the primary. the candidates made their case during the past few hours. you know what america needs, but unfortunately barack obama has absolutely no clue. he is like a manure stuck in a windstorm. together we are going to make barack obama a one-term president! time to bring the troops home. [ applause ] let s empower people! empower businesses! we can focus on the jeopardy, or we can seize the opportunities. i had to wave my hand and ask for recognition. this is the little engine that could campaign. checked out is nbc news correspondent and political director joins me now, are you in your element, brother. let me tell you. you just came back from being outside wrangling and watching. one of the things you noticed is that marcus bachman is pulling people in the polls have closed. you know, the polls closed a couple of minutes ago. and the last five minutes, doing all you sensed the urg
individuals, but, you know, the hard truth is that this is a really rocky recovery and so this de-leveraging process is really going to take years. the consumer is about two-thirds of the economy. when you re talking about households readjusting to not having this drug, the home prices that are rising to fuel their spending that s going to a long-lasting impact on the economy. that s what this fear is in the market right now. it s the fear that our growth is going to slow. because for a while we thought we were in recovery and the coast was clear. politically everyone has their talking points but republicans including senator kaye bailey hutchinson of texas saying it s the uncertainty with the jobs creator creating the problem here and they re worried about how much they will have to forgo and pay with what she referred to as obama care. and some of the uncertainty surrounding those who would end up hiring some of the 14 million americans out of work. is that the core of the problem
cnbc chief washington correspondent john harwood joins me now. we re looking at a vastly different day. obviously this same time, 24 hours ago, we were watching the markets sell-off. is this positive news we re seeing today because of the jobs report? give us some perspective here. yes. and i think some of the panic yesterday was a little out of control, but look, we are as the president suggested in those remarks, in a situation where the jobs picture is going to be weak for a long time, where the economy is going to be weak for a long time. yes, we re in recovery, but we re looking at say in the second half of this year, maybe 2.5% growth, maybe 3%, 3.5% next year. that s better than we ve been, better than the first quarter, but it s not robust and you re still going to have millions and millions of americans feeling like this economy is not work for them. john, with the opinions that are out there, there are many as you well know. i heard a number of people say list
correspondent john harwood joins me now. we re looking at a vastly different day. obviously this same time, 24 hours ago, we were watching the markets sell-off. is this positive news we re seeing today because of the jobs report? give us some perspective here. yes. and i think some of the panic yesterday was a little out of control, but look, we are as the president suggested in those remarks, in a situation where the jobs picture is going to be weak for a long time, where the economy is going to be weak for a long time. yes, we re in recovery, but we re looking at say in the second half of this year, maybe 2.5% growth, maybe 3%, 3.5% next year. that s better than we ve been, better than the first quarter, but it s not robust and you re still going to have millions and millions of americans feeling like this economy is not work for them. john, with the opinions that are out there, there are many as you well know. i heard a number of people say listen, this is the result o