this economy, we are going from 3%, 2%, down to 1%. we are going in the opposite direction. megyn: why is this? we talked about this at top of our 1:00 hour. we had the extension of the bush tax cuts. if you cut tax rates low, we ll have more growth in the economy, if you raise them maybe we ll have less deficit you we ll have slower growth. why are we seeing slower growth when the bush tax cuts are still in place? i think the whole keynesian theory is fundamentally flawed. i don t think you kree at more growth through government spending. you have had new regulations. i think a president coming into office in that kind of recession his entire focus should be how do i liberate american business. and that s what we didn t see from this president.
who we can get this done. i believed instead the best way to help the economy and working families was to keep middle class tax rates low, cut taxes for working parents, college students and small businesses. earlier on in the show during our political panel seemed to be some consensus, it wasn t either party, it was the american people that spoke loud and clear on the election date and forced the hands of president obama to sit down with republicans and do this. it s interesting how they re packaged and branded and the bush tax cuts, this is in most cases labeled the obama g.o.p. tax cut compromise and the obama-mcconnell. we ll see if that continues. there are basically three scenarios that can take place tomorrow as far as the future of the compromise. number within the senate passes the bill and they will have a vote as expected tomorrow. the house could then amend it, send it back for approval and the president could sign it into law and seems fairly clean. number two, the senat