developing that the president who had all of this political capital did not spend enough time creating incentives in an economy coming out of a relationship section. this is the worst recovery in terms of growth since world war ii and not even a close call. right. just that much worse than everyone else. so, bill, 0.1% 0.1%. heat me repeat that. 1.1% growth in real dis 0.1%. that is just not enough to get average incomes up. no, it is i think to further dan s point, one of the points that i think governor romney needs to make is that we are here not because obama failed but because he succeeded. he had his choices and made his choices and now failing not by our measures at this table, by his own measures. he told us that unemployment would be at 5.6% that the point. it s 8.2%. vice president biden told us we would be creating up to 500,000 jobs by this point and we are are creating 80,000 jobs and one thing that might be right. he told us the economy was improvin
time for hits and misses of the week. mary, first to you. the irs is out with its delinquent taxpayer report for 2010 and this is a miss for 36 members of president obama s executive office staff which owes more than $835,000 in back taxes. they are not alone. a u.s. house and senate employees owe more than $10 million and the postal service employees top the list at $270 million. so maybe we don t really need a tax increase, paul. maybe we just could collect all the delinquents. this week north korea reveald that kim junge i will is married.
i m paul gigot. more signs of trouble with news that the u.s. economy grew at an annual rate of just 1.5% in the second quarter. passing americans cut back sharply on spending. the slowdown adds to worries that the economy could be sal stalling three years after the recession ended. joining the panel, wall street journal columnist and deputy editor dan henneger and dan mcgern and mary. what does the news tell you about where we are reit now in terms of the economy? i think the most disturbing thing is the trend. the fourth quarter number was better than 4%. the first quarter has been revised upward to 2% and now we are at 1.5%. and i think the risk there is that, you know, consumers as you pointed out consumer spending took a hit. and the economic agents both the employers and consumers are really losing confidence and that is what is bringing us into this stall. by the way, paul, i think that the administration is going want to blame europend it is interesting to note th
frank. there is a school of thought developing that the president who had all of this political capital did not spend enough time creating incentives in an economy coming out of a relationship section. this is the worst recovery in terms of growth since world war ii and not even a close call. right. just that much worse than everyone else. so, bill, 0.1% 0.1%. heat me repeat that. 1.1% growth in real dis 0.1%. that is just not enough to get average incomes up. no, it is i think to further dan s point, one of the points that i think governor romney needs to make is that we are here not because obama failed but because he succeeded. he had his choices and made his choices and now failing not by our measures at this table, by his own measures. he told us that unemployment would be at 5.6% that the point. it s 8.2%. vice president biden told us we would be creating up to 500,000 jobs by this point and we are are creating 80,000 jobs and one thing that might be right.
you see outside influence from china so they know a little more that s going on from the outside world not a whole lot. the big question is kim jong-il s son rumored to be taking over what s he going to be like? he may have been educated from the west. he may have a sense to go on from the west. nobody knows for sure. this is the most unusual country in the whole world because it is separate from every single country. i can tell you people walk around with pins on their law pells it is mandatory with pictures of kim jong-il to celebrate the leaders there. they idolize their leaders. this is a big year for this country. it is 100 year anniversary of kim jong-il s father. it is a huge celebration they are planning for april 15th. in the midst of all of this the country is in a famine that s why we were there last may to broadcast about the famine they