entire obama economic policy? guest: it is hard to point to anything that has worked. if you think about it, we had the $800 billion stimulus plan but we had four or five smaller stimulus plans from the auto bailout to the mortgage modification programs to the unemployment insurance bill to the bill we passed a few weeks ago to help states and i totaled it up for this show and it is close to $1.2 trillion or $1.3 trillion, the most expensive public policy fair in american history. the unemployment rate has been rising and we have had 16 months of 9 percent unemployment. i don t think this has worked. and, a lot of these big killers in the economy like obama care have not hit. but are you gambling? if you stop it dead, stop the spending, just go on from here with no more spending or
better this last report chris: private, private sector. total job creation. chris: the economy lost 283,000 jobs in recovery summer. do you realize we were losing per month about 750,000 jobs when president obama came in to office? chris: that s something no, no. i m just saying that it s hard to say we re doing better, but we re not doing great. it s worth saying the white house lost control of the narrative saying here is what we re actually doing. we were in a deep hole and we re coming out. i don t think the president, don t think the federal reserve has total control over the economy. i think some responsibility has to be put on people who are running business in this country and sitting on capital. banks are choosing not to make loans. but instead, the republicans as the party of no are somehow saying give more money to on the rich. that s a great idea, even though we know extending the tax cut for the wealthiest in this country are not effective stimulus plans in
the numbers would have been better this last report chris: private, private sector. total job creation. chris: the economy lost 283,000 jobs in recovery summer. do you realize we were losing per month about 750,000 jobs when president obama came in to office? chris: that s something no, no. i m just saying that it s hard to say we re doing better, but we re not doing great. it s worth saying the white house lost control of the narrative saying here is what we re actually doing. we were in a deep hole and we re coming out. i don t think the president, don t think the federal reserve has total control over the economy. i think some responsibility has to be put on people who are running business in this country and sitting on capital. banks are choosing not to make loans. but instead, the republicans as the party of no are somehow saying give more money to on the rich. that s a great idea, even though we know extending the tax cut for the wealthiest in this country are not
i think he wants to suggest to the american people he s sick of the obama economic policy, and, the question is, with the economy as the number one, martha, the number one determiner of how people are going to vote, in november, you know, are people going to feel like, you know what? according to president obama, don t go back to economic policies that took us into the ditch or people will say i think your economic policies stalled, mr. president and i don t feel like taking it forward. martha: it becomes a question and a question for nancy pelosi, who has been called, and it is true in many ways, an extremely effective speaker of the house. you look at the bailouts and the stimulus plans and health care, and you look at her attempt on cap-and-trade and she has been very effective, right up to the cap-and-trade bill but the question is, she also has become the poster woman for the u.s. economy. because, of all of these things, and, those moves, that effectiveness may come back to bite
are going to be, throughout the country this fall, talking about we can t have any more stimulus spending, we spent too much and we re not paying for what we are spending and this gets us further into the hole. how does that square with that deficit anxiety with but we have to extend the tax cuts? that s the thing. if i m a republican, i say, well, gee, look how upset democrats are when we talk about letting you keep more of your money. but they don t ever worry about the deficit when they talk about taking more of your money and having these stimulus plans. listen. the bottom line is you know it, chrystia democrats want to spend money without paying for it and republicans want to cut taxes without paying for it. in the end, everybody loses. result is a big budget deficit is what everybody can aagree on. it has been this way a long time and continues now. you talk about the showdown that romer has. that is what we re going into this fall. democrats saying let s spin more mo