becoming an imperial president, thinking he s king. i think the chances of that are low. we are in a political season, you will hear a lot of crazy things said. the white house would feel better if they were just coming from the right. what next, is he going to be richard fillmore? i think the president should be out there giving people a vision of what is going to carry the nation forward. i did not like the speech he gave in whao euzs ohio, i think it was too much look back, that s why people hired him. if he breaks up with some of these folks like barack maybe he ll have a chance to change that opinion. megyn: josh, brad, thank you both so much. coming up in kelly s court in our next hour we ll talk about whether this is legal. is the president i within his rights to give this pass to 800,000 illegal immigrants in this country? we ll have the lawyers take a look at it. plus, we re getting a much better picture today of the new controversy in the trayvon
factory and industrial production is going down versus a year ago. consumer confidence is going down. the gross domestic product is falling. all the indicia that people looked to over the past couple of months to four, five months seem to be going in the wrong direction. the problem is that professional economists define a recession in a very narrow technical way. to become a real recession according to the economists the economy has to restrabgt over a six-month period. get smaller. at the moment the economy is still expanding, less than 2% a year, but it is expanding. so, technically it s not a recession. it looks very different, though if you re on the ground floor, you re feeling, experiencing this recession, or this economy i should say at the ground-floor level. it feels very different to you compared to a professional economist. what you re really saying here, megyn is that the direction of the economy is going the wrong way, and that is accurate. at the beginning of
up all your assets and what is that dollar number it s down to the levels of 1992. in terms of spending, your job, housing, annette worth thi and net worth, this feels very much like a recession. there are economic consequences that flow from that. are you going to spend money freely when you feel you re going into a recession? do you invest when you feel you re going into a recession? it s a major political problem for president obama. megyn: the wall street journal did a comprehensive piece on this and they said most economists don t believe we will go into another recession but clearly american people do. they talked about the indicators of health of our economy and they put up polls that were staggering and depressing, showing that while obviously things really got terrible shortly after president obama took office, it was the hangover from the last few months of the bush administration, the housing market implosion and so on. then they got a lot better, then they ve be