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Detailed text transcripts for TV channel - FOXNEWS - 20110714:18:37:00

where they are doing their own research and they want the facts. we are trying to make enemies amongst each other we have a problem. negative ads work if they are a i ifthey are statistically. reporter: i know there are americans who feel the way you do. have you hard enough of negative ads? i hope you heard them. alisyn: the next debts meeting is at 4:00 p.m. eastern at the white house. we ll see what happens today. this fox news alert. we are getting words of brand-new documents from a public interest watchdog group about the obama administration s handling of the media. emails obtained by judicial watch showed administration

Tackline problemEach otherChief economistWay to goNegative adsCouldnn ta alisynWhite houseFox news alertPresident obamaWatchdog groupJudicial watch

Detailed text transcripts for TV channel - FOXNEWS - 20110714:17:00:00

Detailed text transcripts for TV channel - FOXNEWS - 20110714:17:00:00
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Couldnn ta alisynChief economistPresident of the united statesDays go by

Detailed text transcripts for TV channel - FOXNEWS - 20110714:17:07:00

house of representatives that decides how much the people spend through their government, and the speaker of the house was there yesterday. the president of the united states, the head of one branch of government walked out, stalked out on the head of another branch of government. if you re a rating agency and you see that kind of behavior and the republicans quarreling and bickering among themselves, do you think they could come up with a credible plan? if i were running moody s i would downgrade them on monday. alisyn: peter morici thanks so much for your expertise, we appreciate it. take care. alisyn: you too. again there is a lot of breaking news on the debt crisis across these next two hours. stick with us. we are now awaiting two press conferences. first house gop leadership will get in front of the cameras at about 1:15 eastern they are scheduled to discuss the balanced budget amendment. we should get details on today s upcoming meeting at the white house there also. an hour a

White housePresident of the united statesCouldnn ta alisynFirst off republicansRating agencyRunning moody sPeter moriciDebt crisisBreaking newsPress conferencesFirst houseTake careBalanced budget amendmentTimothy geithnerNews conferenceDebt talks

Detailed text transcripts for TV channel - FOXNEWS - 20110714:17:04:00

increasingly apparent is he s not interested in spending cuts. we ll have deficits as far as the eye can see that are very large. we will be downgraded. in time if we continue along the path we ll get to the point where greece is where we ll have to print money to get out of it or default. alisyn: basically what you re saying, you re the math guy, be gentle with the rest of us who may not be able to follow along quite as quickly, but the gdp is out paced by entitlement spacing like social security, medicare and medicaid. absolutely. thanks to the policies we ve pursued over the past several years growth is only at about 2%. medicare, medicaid are growing 5, 6% a year, we have the baby boom retiring. people are living longer. we have it in our heads that people ought to have 20-year retirements. we can t afford how much services we are now providing but how rapid hraoet prices are rising and how many more people are going to need them. folks will have to work longer and we ll have to

Spending cutsCouldnn ta alisynSocial securityMedicare and medicaidEntitlement spacingMath guyBaby boom

Detailed text transcripts for TV channel - FOXNEWS - 20110714:18:08:00

alisyn: gasoline prices are done better. reporter: it s $3.60 per gallon it many double what it was 2 1/2 years ago when mr. obama was elected and it s going in the wrong direction. remember when they released the 30 million barrels of gallons. now it s $99 a barrel. oil prices are going up, gasoline prices are going up. alisyn: if this is related to the jobless numbers and gasoline prices is there anything else that can be done to help the housing crisis? nothing that would make sense. there are things the obama administration has floated. more mortgage mitigation. but that puts a band-aid on a hemorrhage. we saw the cash for clunkers. we save the with the initial mortgage foreclosure situation. you have to let the markets clear. and it s a matter of price and time. it will be price we know about.

Couldnn ta alisynPresident obamaGasoline prices23 602 1Oil prices30 millionHousing crisisMortgage mitigationBand aidMortgage foreclosure situation