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'OK' jobs numbers on Good Friday

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    TJ McCormack and John Hlinko discuss latest on economy

  • Duration 12:53
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-- let's sailor to our panel this morning TJ McCormick is the host of Sunday night with TJ McCormick on LA talk radio dot com and you can find him on Twitter at.

TJ McCormick good to see TJ and you -- coming him thanks and John -- it was a president and CEO of political consulting.

Thanks to see John thanks for coming in new to Twitter handle W I I thought it was what is.

There you go.

OK guys thanks for coming in this is just crossing from the White House little reaction.

To the job -- so -- put it out there.

And then we'll we'll discuss.

-- -- what we're seeing this is Gene -- the White House economic advisor and I'm sorry for turning away I'm reading my computer.

What we're seeing in the economy right now is that we're making progress but we still have a long way to go.

And Alan -- who's the chairman of the council of economic advisors has written a blog post that says that the construction sector is continuing to suffer.

From housing market weakness but he says that manufacturing.

Continues to be a bright spot.

On the economic front.

So John let me start with you.

You take a look at these numbers obviously the president will be able to point to.

The unemployment rate coming down that is trending.

In continues to trend in in -- in a good direction for him but at the same time there's no way for him to say that that that is that this these numbers are good.

Yeah I mean if -- if you look at the long term trend that on the one hand.

The final month of the bush presidency -- lost 741000.

Jobs and we were accelerating losses.

So you know from a long term perspective it's good but the reality is a 120 thousands now we want we want -- want to -- want to fifty we want higher.

We want this economy to recover a lot faster so it's it's OK it is but it's not great news -- -- John mentions President Bush again -- I know I wonder at what at what point.

And here we are now you know less than a year to the election.

Can you stop him -- -- will Democrats stop talking about.

President Bush and start talking about what happened just it but just putting it out there you know I and I think a lot of people at home -- probably thinking this takes a long time to undo that damage.

Okay so it TJ what do you what do you think here -- -- -- -- as -- student who is responsible for the class being graded on a curve.

It's it's it's fascinating to -- seems to realize that.

The apparently the smartest president we've ever had the smartest man in the room the most qualified president -- the whole wide world.

Is being -- moniker an amendment smarter than me about the Jones until it was middle of writing a piece about -- -- -- give him credit for the notion but.

-- without a doubt -- from day one.

We have been scoring this president's performance based upon what he inherited.

It is to go to of the left to say.

It you know yes ask Democrat he's doing a good job too well considering what he's got it.

Considering the man's performance and and that's where I have to go out and I gotta say they're doing a heck of a job forcing this narrative.

Because on a day like today where were the White House is doing the -- -- -- -- yes and then the Obama machine on a day where were forced to talk about these numbers.

Obama does not look fabulous.

Over the question last couple of weeks we're talking everything but this is talking scotus -- talking health -- were talking that they don't want to.

-- -- the thing about the bush the reason we keep on harping on bush is.

-- -- let's get a little perspective here the final wants this presidency he lost 741000.

Jobs and if that trend that continues this month by month.

We -- 27% unemployment.

By 2024.

No American would have a job -- mean that's a heck of a recession takes a long time that when somebody before you has done a fifty foot -- takes a long time thought that back.

Well you know what then I'll take a page from the Democrat playbook and I'll say well.

-- a -- that that that Obama has done so brilliantly I wonder if if if I even with I was -- take personal responsibility type guy.

I would imagine there are plenty of world issues there are plenty of a situation is that that came together that this perfect storm that happened all around the world was like the United States has had to -- -- recession.

Okay what happened on the bush and democratic house and senate watch.

Do you happen to hope at how long time they look look look look look look the president -- into account was into it.

So anyway I did -- is it you know what's good but -- -- good for the gander and I think it's about time that we just put to rest.

This whole idea about President Bush is it just -- is not let let's bring the president based on his on his record.

And done I think that's what the GOP need to do going forward in the campaign.

It's.

Romney has now started to do was focus on on the and Obama and -- Record okay Charles -- in the chat gentleman says gas prices and still millions out of work makes mr.

Obama look very weak on.

Here's the thing about gas prices up.

Right now Iraq is producing far far less than it's kept his capacity.

If Iraq were producing at full capacity gas prices would be a lot lower -- be a lot more oil on the market.

So I mean again not to blame bush but the reality is he sent us into war we did not need -- -- but more importantly he completely screwed up or after the invasion.

I mean setting the Iraqi Army home -- their guns allowing for an insurgency not sending enough troops.

That this stuff is so -- -- us we don't comes to gas prices look the reality is the United States produces are are on strike has.

It about 2% of the world's reserves and we use by 20% of the world's oil we can't make that up on -- that's more -- The narrative though you know it and it would industry that -- kids if you if you start talking about.

And more if you talk about about the the the oil sands in the Dakotas you start talking about doesn't.

You start talking about the federal lands that the president has put a moratorium or or or slow down production and exploration on.

You know I'm sorry but it but -- -- today he was to approve that pipeline once and for all.

And opened up a lot of the federal lands to expect icons right at -- even -- it takes a while to get -- into the tank it's still that would happen.

It -- you can speculate he deserves the challenges that we you will never have enough oil.

To satisfying you we're gonna be imported from some very dangerous places in the world that are going to be revolutions wars and the instability after prop -- prices.

Look you know we're gonna use oil for the foreseeable future we -- hurt switching to something else that we actually have pretty lonely and so.

Recently erected a monument to to Obama in Brazil based on his fifty billion dollar gift to -- help them with their oil exploration.

And manufacturing side I'm sure they're they're grateful for that be nice if we get some -- skylight at the world -- -- again well it was a switch gears for a second and this is.

You know this edition every four years.

We we get to have this discussion can we get to hear my favorite one of my favorite cliches that this is Washington's favorite parlor game -- can -- I just love you know you know that you're coming up on a presidential election when people start talking about Washington's favorite parlor game of course.

Personal I've never been to a parlor.

-- not a beauty parlor not any kind of parlor it's in my life it.

I try to say I try to stay away from -- -- that said this is everybody's sort of taking their best guess as to as to who that vice presidential nominee will be now.

Stay right right off the bat that that as of right now as we sit here on this Friday.

Mitt Romney has not officially been declared that the nominee but he is.

The presumptive nominee and so everyone's trying to figure out exactly who he would pick.

-- as his running mate.

Who make sense it doesn't make sense what would the pros and cons being for each of these people -- TJ you know as you take a look at a potential.

Romney.

And ticket who do you think is number two and.

You know I did I I think eight is bandwagon -- as it sounds as it is I I hate to be a part of the masses but I guess I still think Marco Rubio.

I just think Marco Rubio.

I think he's conservative -- -- -- is are there.

I think yes the appeal to Latino vote is there it could very will deliver Florida.

Which is a massive massive delivery.

But first and foremost it's his conservative on a fetus that is where I don't those other things -- ancillary.

And I like him -- and it doesn't.

-- -- you that he is said over and over again I don't want to be the vice presidential nomination.

I'm not going to be the vice presidential nominee I don't know not as much let you know it's it's not like he said no in the -- Chris Christie said no about being.

You know Chris Christie said I'm not going to be -- president is hey I'm just it's -- the I'm not it's not time.

I'm not ready for it that he can't get out from under he's just doing the usual denial denial denial so I'm comfortable so far with with him how he said no that's why.

Okay John what do you think.

Well like my you know my advice the Republican Party would be that Pixar Halen again I think that the criteria that.

But yeah I I would agree and I think reveals a very compelling figure for a whole host of reasons and there's a reason why he's mentioned again and again and again.

You know -- a lot will depend.

When the convention time gets closer I suspect they'll look at things like.

Is -- still a gender gap what is the enthusiasm amongst the conservative base -- -- women I know for a couple months who the optimal -- is.

And even -- when it could change between then I mean the retroactively.

It could change between then and then November in other words the optimal pick and a couple months may not be the opposite number but you know if there's -- huge gender gap.

They could look for Nikki -- someone like that.

But right now I would agree I think rubio is.

The favorite at this point.

That you know a lot rubio of course is being named -- but there are others.

Rob Portman.

Is is one of the big names out there that you here is that he's a guy who you has worked in the White House before he has been.

Vetted before which is really you know after Sarah Palin I think that a lot of Republicans want to make sure that somebody yeah nominated for the number two spot on the ticket.

You know has been through.

This kind of process now or that there aren't any surprises yeah in the wings to somebody like Rob Portman from Ohio another important state important -- out -- a candidate has got.

Ohio goes so goes the election I mean you know and he hit a bit but it's not enough.

It does no tingle up the leg you know -- Iran and Iraq right.

Wallace.

Yeah dot -- lot of thought I wouldn't I certainly wouldn't be hesitant but anyway.

No he I don't know is genius don't have that wow factor and and and especially if it if it is going to be a Mitt Romney didn't need.

Some even need VP with teeth -- -- -- some with some impact and down hill how you know he can with a.

If we -- -- talking about.

Or thirty elderly vote buying back.

-- they led.

You know that.

I I think -- I I think I think I got like Portman an interstate.

But you know I.

I I didn't see a guy like my -- -- he's had his dose a vetting especially when do you decide because he is.

You know about it I looked up and -- -- if you remember the last time we talked a guy that's he he is a Latino who is committed that -- finally deciding to go out and become.

You know a conservative and so you know that the mainstream media has done their best to tear -- -- Cuba story he's -- -- his hopefully or other books that are.

Being out on rubio.

Won by that Washington Post reporter whose name I can't remember but yeah.

-- a little bit of digging in you know -- calls into question some of the personal story that Marco Rubio.

Has told over the years yup exactly I.

-- I think parents left before the revolution anyway.

These are a couple of name's John how have you comment here.

-- body in the chat room says Jesse Ventura.

I think that's.

That's happening to the Ken wells.

Says west but the congressman out of Florida.

Rubio Daniels Ryan in that order.

Well you know mid west.

I think -- -- is he's had a lot of controversial statements and Allen well how gallon yesterday the Tea Party African American Republican.

From Florida new to to Washington and he's been quite a splash.

Why is looking at a distinguished military Korea Germany he's an interest in compelling figure I think that there's.

A lot that he is done and -- -- an email that Debbie Wasserman Schultz it was just really not appropriate when you are marketed room right now because yeah.

And and you know again it's not to say that in a couple years.

It's it's -- just being in their couple years and haven't couple strikes against you.

I think -- like Daniels would be interest thing because he brings.

You know economic bottom feeders to the to the table but I'm gonna -- -- -- -- yeah.

-- -- -- Well I do you have used -- a lot it Latin.

And when you but I mean yeah I I would agree that there has to be that you know that that's sort of excitement you know especially for the days and penalties that he is a very impressive figure.

But I don't think he brings the same charge that rubio does or I mean for that matter that Palin -- initial.

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