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for people feeling the pinch. now over to you. federal government can and should do big things. states need to do the little things we can do. federal government fiscal responseability. get rid of tariffs. i m excited about a bill to suspend the gas tax. that saves everybody 18 cents through january of next year. we re doing similar things in colorado. reducing vehicle registration fees, avoiding payroll tax increases, reducing a fee on our gas at 2 cents a gallon. these are the kinds of things we need to do to save people money really to help people hold onto more of their hard-earned money. dana: do you agree with senator joe manchin of west virginia now is not the time to try to add more federal money into the system? he is against the build back better plan as it is written now. it s a matter of fiscal responsibility. the key thing is if you spend money you have to pay for it. we can t keep borrowing and borrowing. it adds inflationary pressure over time.
more money out of their pocket. we did see the payroll tax increases did have an impact on spending. even though optimism is up latest gauge of spending is that it is flat. that is the real driver of this economy. gregg: put a couple of graphics on the screen. here is where the obama recovery stands. it ticked up real unemployment is 10.9% or higher. g.d.p. is a meager 2.4%. then here a quote from director ucla forecast it s not a recovery. it s not even normal growth. it s bad. is he right? to some extent. it is a recovery. we re not in a recession but we had a session that bent like this. it was worse since the great depression. now we re having a recovery that is barely flat lining. that is hardly the kind of growth that we would need
they said we are focused solely on job creation. they understand that s where they need to be. if you looked at the cbo director s testimony about sequestration, it would cost jobs. there is a did hes connect there. fundamentally, they believe the roots of jobs is tax cutting, and the other cbo report says there is no there is no they recognize they have to go somewhere. it s just the difficulty of figuring out the means to get there. what s clear, though, is looking at the story of wal-mart this week. in fact, you wonder about the middle class. it s the fragility of the american economy right now, and the sheer fragility of many households in terms of their spending hour, and the fact that simply the payroll tax increases could have had that much damage that quickly is very sobering when you think about what s at stake right now in terms of sequestration. that is seen that wal-mart and its total disaster of a reporting month in february is maybe seen as a bellweather for h
i took something for my sinuses, but i still have this cough. [ male announcer ] a lot of sinus products don t treat cough. they don t? [ male announcer ] nope, but alka seltzer plus severe sinus does it treats your worst sinus symptoms, plus that annoying cough. [ breathes deeply ] oh, what a relief it is! [ angry gibberish ] today, the world s biggest retailer walmart reported a nearly 9% jump in profit last quarter but the company warning economic challenges like payroll tax increases are already squeezing the tight budgets of shoppers. bloomberg news recently published internal e-mails from walmart executives who are panicking about the worst sales start in seven years. an executive wrote, quote, in case you haven t seen a sales report these days, february month to date sales are a total disaster. another one said we had a week
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