the debt ceiling, which didn t help. but they stop sounding like explanations and begin sounding like excuses. so president obama needs to be able to make the case that the economy is just worse. and there wasn t with a very bad hand, his policies did about what could have been expected, about as good as we have been have done. romney wants to make it sound like it was a set of bad policies that led to a slow and sluggish recovery. what about governor romney in terms of what his most challenging question is, the thing he s least looking forward to talking about? it s flip of that. if president obama needs to defend why the recovery hasn t been quicker, romney needs to explain why he would actually make it faster. this is where the obama campaign sees their opportunity. george w. bush, obviously, his prime economic policy was a set of very large tax cuts. they did not have a very positive effect on the economy, even before the recession. it was a very, very weak expansion. and so
poi of seven points. this is a tough time and people are treading water at best, drowning at worst. you see right now thatseven poi. this is a tough time and people are treading water at best, drowning at worst. you see right now that median income has dropped by $4300 a family. even as the cost of health insurance has gone up, food is more expensive, utilities are more expensive, gasoline has doubled. this recovery hasn t happened the way it was supposed to. and the reason we re going to get a new president in november is we re going to have a president who will get the economy going and put people back to work. p. a little trail dust there for you. we ll be playing other clips for you throughout the next few hours from the campaign trail. it was this time four years ago when something happen that had could have changed the course of history. could have clinched the presidency for candidate barack obama. what was it? we flash back next. these fellas used capital one venture mile
certainly not out of ideas. we are just out of political will. the recovery hasn t happened and the time is way past due to directly create jobs so that we can actually get to the business of restoring our fiscal footing. and steven, do we need something like a wpa now, where the government is actually an engine of growth by spending money and so forth because i don t know. i don t see the will to spend money when we already spent the $800 billion plus on the stimulus that had short term benefits. to borrow a phrase from the president, laura, we tried it your way and it didn t work. we have tried everything in terms of government spending creates jobs. the $800 billion stimulus bill. $00 billion of mortgage modifications programs. cash for clunkers. auto bailouts. i could go down the list.
certainly not out of ideas. we are just out of political will. the recovery hasn t happened and the time is way past due to directly create jobs so that we can actually get to the business of restoring our fiscal footing. and steven, do we need something like a wpa now, where the government is actually an engine of growth by spending money and so forth because i don t know. i don t see the will to spend money when we already spent the $800 billion plus on the stimulus that had short term benefits. to borrow a phrase from the president, laura, we tried it your way and it didn t work. we have tried everything in terms of government spending creates jobs. the $800 billion stimulus bill. $00 billion of mortgage modifications programs. cash for clunkers. auto bailouts. i could go down the list. you will of the deluge of
certainly not out of ideas. we are just out of political will. the recovery hasn t happened and the time is way past due to directly create jobs so that we can actually get to the business of restoring our fiscal footing. and steven, do we need something like a wpa now, where the government is actually an engine of growth by spending money and so forth because i don t know. i don t see the will to spend money when we already spent the $800 billion plus on the stimulus that had short term benefits. to borrow a phrase from the president, laura, we tried it your way and it didn t work. we have tried everything in terms of government spending creates jobs. the $800 billion stimulus bill. $00 billion of mortgage modifications programs. cash for clunkers. auto bailouts. i could go down the list.