he joins us at the top of the hour. yes, we re going to see all the different stages of the stash. that s great! stages of stash. janice dean, thank you so much. we ll be back in touch with you in a few moments. in the meantime, let s shift gears from the hurricane to something else that s big in our economy right now. i m talking about the stimulus package and couldn t there be another one? you know, kristina romer who is leaving obama s economic team, she floated that idea in her last speech. she thought it might be a good idea to have more spending. well, now, robert gibbs, the spokesperson for president obama said probably not gonna happen but we need to do something about the economy and guys, they re talking about tax cuts potentially for small businesses. small business, stimulate small business growth there and gets in some jobs. you re right. would be an interesting timing there with the midterm elections. yeah. you bring up another stimulus package before the electi
it is now the 6:00 hour on the east coast here and we re tracking this big, huge storm. brian and steve both off today. we have peter johnson jr. and mike is back. we haven t seen each other for so long. we see each other but not work together. it s been three or four years. we see each other in the building. sometime in the show, i m going to share a secret about you. there s many but i m going to share one. in the meantime, we have a fox news weather alert, right? that s why we re all here today bright and early because hurricane earl has made landfall drenching north carolina. downgraded though to a category 2 storm but still packing winds up to 105 miles per hour. we have live team coverage. we ll start with rick leventhal live in new york and jeff in nags head, north carolina but first start with janice dean in our extreme weather center. can i just say that most women around here have secrets about mike? no kidding! moving on, let s take a look. we have earl.
spending, and tax increases coming from washington. it is suffocating our small businesses and it is killing our jobs. the direction i will leave us they are taking us is not only threatening our well-being but the well-being of the next generations to come. the answer is not a bigger government, it is smaller government. the answer is not another billion dollars in stimulus spending, it is less spending. the answer is taught higher taxes on job creators, it is lower taxes. the great communicator ronald reagan had it right. this president and as congress had it wrong. that path which they are leading us is not working, and folks, i get it. i understand that experience because i have lived it. i understand the impact that higher taxes, increased regulation, and the continuing uncertainty the small businesses are trying to work within today, and i am understand how that is negatively impacting them. they re trying to keep their doors opening and having a difficult time of it.
hiring and then maybe we get a recovery. ok, jonas, bush cut taxes quite a while ago. was that enough to help hiring? and president obama cut them yesterday last year, excuse me, again and they re already low and the unemployment rate is still high because there s a point where you re not going to be able to cut your taxes into hiring more people. the economy doesn t actually need these workers right now. maybe naturally with no intervention in three or four years, the unemployment rate would drop but if you want to artificially lower the unemployment rate to a level that the economy doesn t need right now, you have to actually go out and hire people, the government can do it. but what they ve been doing is actually not those kinds of programs. they re afraid to directly hire people. wait! hold on. wait, wait. hold on! you already talked. be quiet, please. talk incorrectly, i might add. we have the lowest tax rates in the major economy. we have the highest corpora
president obama lost another member of his economic team, the director of the office of management and budget. it s reported he was frustrated the white house didn t do more to control the trillion dollar deficit. president said in a statement last night, he appreciated christina romer s skill and commitment. romer said while i look forward to returning to research and teaching, the opportunity to help reshape economic policy is one i ll always cherish. she returns to her old job at the university of california at bshgly. alisyn? thanks for that update. what s really going on behind the scenes? you have got to wonder. you ve got as steve just detailed, you ve got peter ortzag out a couple of weeks ago. he was in charge of the budget. how s that going? she has christina romer. she was the one who says stimulus, if you pass it, it