or more, we want to raise their taxes but for those who make less than that, we ll cut it. well, what s the cost there? they harangued this administration, harangued republicans and bush administration about the cost of the bush tax cuts, yet now he s proposing at least $1 trillion to $2 trillion worth of tax cuts out of the $3 trillion that is part of outside from that top tier in the bush tax cuts. i think there s a little bit of inconsistency here to say the least. i think the governor s point is a smart one in that you can t any longer look backwards on this. this administration owns this economy. they have to speak in terms of going forward. what that means for the american people, and that s part of the tax cut debate, part of the spending debate that we haven t really fleshed out, and a whole lot more. governor rendell, what is your counter to the criticism of this tax cut proposal from the president? first of all, it does produce over the ten-year period $1 trillion in savi
administration officials like jeff neely. is it effective, bill? we have to distinguish between the political and legal. in a legal case taking the fifth doesn t mean you are guilty. when you are president you get blamed for things that aren t necessarily your fault. i was in the white house when katrina hit. that was something bush got after and for even though many of the decisions were at the state and local level. president obama is harmed because he represents the part why it of government and these stories lend credence to the idea that government is too big and out of control. it s not a narrative that benefits him. megyn: how does it affect the spending debate we are having in this country, and who we want to entrust with our taxpayer dollars. president obama has been arguing we need to hike taxes on the rich and the government can be
good evening, everyone. i m john king reporting live from the history irk cspc hall in cedar rapids, iowa. breaking political story tonight. exactly three weeks before iowa casts the first vote of the 2012 presidential campaign. iowa conservative act innist who just signed on with the newt gingrich presidential campaign is quoted just before he took that campaign job as calling gingrich rival mitt romney s religion, quote, the cult of mormon. let me read you the quote. quote, there s a national pastor very much on the anti-mitt romney bandwagon, greg said, a lot of the evangelicals who believe god would give us four more years of obama to expose the cult of mormon. there s a thousand pasts are ready to do that. that was craig berman speaking at a voter focus before he took the job. he s hired as the gingrich iowa political director. cnn s making calls to see if he ll be allowed to keep the job. as we continue our weeklong iowa visit, a condition who has tirelessly visited e
this and will literally make this the number one priority for his administration every day going forward. the empathy thing matters more for the politics than the policy or no? for the policy, the important thing is he needs to pick points and sell them, sell them, sell them, sell them. on policy, if he wants something that might pass, he might try to get away from this by their debate over job creation and size of government which leaves open a couple areas. the biggest one could be the housing market. if they can do something to help the housing market which is not a do we cut spending or grow spending debate, they could help the job market recover. the president hasn t said this is what i m planning to say. it doesn t feel at least in the early indications that housing is going to be a big part of the plan. to jim s point, is that a mistake because that is a place
we re back tomorrow, new jersey pacific, 3:00 eastern for studio b. and right back here for the evening news from the fox news channel on the fox report. o reilly loves it bill: the o reilly factor is on. tonight. like a form of economic terrorism. tea party guys strapped with dynamite. you do it my way or we will blow ourselves up and the country with us. bill: far left stepping up attacks on the tea party. now they are branding them terrorists. will the smear campaign be successful? jet deal? what about the tea party. i like tea parties. wheant the debt at now? i heard it s 14 billion, right? trillion. damn. bill: do americans understand or even care about the brutal spending debate? john stossel will weigh. in the trial of polygamist leader warren jeffs continues in texas. utah authorities now want to see all the evidence the lone star