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Ahead, unless breaking news changes everything, on studio b. first from fox at 3:00, presidential candidate rick perry says he has a plan to create more than a million new american jobs. the texas governor making his first major policy speech since entering the race with a rapid rise and fall in the polls. today at a pennsylvania steel plant, he proposed a plan to open up federal land for emergency energy production and loosen government regulation. he also took aim at the man he hopes to replace. when it comes to energy, the president would kill domestic jobs through these aggressive regulations while i would create 1.2 million american jobs through safe and aggressive energy exploration right here at home. today s speech comes as governor perry tries bounce back following his recent plummet in the polls. ....
Trace? trace: where does washington stand holding iran accountable? this morning we had a series of hearings, both republicans and democrats, calling for debilitating sanctions against iran. our best hope for slowing the iranian nuclear train is bringing its financial machinery tie grinding halt. let s be clear, sanctions have to hurt. if they don t hurt, they re not effective. the goal is not for us to pat ourselves on the back and issue press releases here. it s to inflict crippling economic pain over there. for some context on the sanction issue, the u.s. does virtually no business with iran and must rely on other nations to limit or cut off their trade. china and russia do the most trade with iran on energy, but it would require the u.s. to strong-arm or punish chinese or russian businesses, something the administration has tried to ....
Were also asked to testify. what do they say about the legal aspects of this? they said their veteran workers for the department of treasury have been there many years. they said they ve never seen a government loan the way the department of energy handled solyndra, this $534 million loan for a green energy company. they also said they d never seen the idea of putting private investors ahead of federal taxpayers. here s a sample of the exchange from earlier today. to your knowledge, do you believe today that the department of energy should have sought department of justice approval? yeah. i ve said that i believe that they that it would have been wise for them to seek department of justice approval. so there you have it. a veteran department of treasury employee saying they should have gone to the lawyers over at the department of justice before they went ahead with this idea of putting private investors ahead of the taxpayers. ....
She s somebody he ll have to get by as well. gerald, back to you. we talk about the jobs plan that rick perry unveiled today that has to do with drill baby drill if you go back three years, right? yes. he wants drilling on american soil. the critics are saying, wait a minute, we need jobs tomorrow, next month, not down the road. this has been a 40-year argument, gerald. it has. i don t think there s anything that rick perry said in his speech today that other republican candidates would disagree with. where they would differ with him is the emphasis on energy as part of an overall jobs solution as you suggest. it s a long-term energy problem that he s addressing as a short-term solution to a really acute jobs problem that people want addressed now, this week and next week. i think what you ll see in the next two speeches that come from rick perry is an attempt to go after those, but by structuring his economic rollout this way he said i think energy is at the center of job crea ....
and like a lot of republican presidential candidates, perry takes aim sorry for the gust at the epa and its regulations, saying it is essentially hindering energy development, hindering jobs and not helping the country. trace? i know he took a swipe at the obama administration. what s the reaction from the obama campaign? actually pretty quick. this comes from the press secretary of the obama campaign. governor perry s energy policy isn t the way to win the future. it s straight out of the past, doubling down on finite resources with no plan to innovate renovation or transition the country to a clean energy economy. furthermore, he goes on to say that hundreds of thousands of jobs have been created by this administration by expansion of the green economy. the question is whether or not those jobs are coming along fast enough, and what governor perry seems to be saying is that many more jobs can be created much quicker if the federal government would simply this ....