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Chief campaign strategist David Axelrod -- in Chicago and David welcome back to FOX News Sunday.
Thanks Chris and let me -- my condolences.
To all the others that you you received my sympathies are with you and your family thank you thanks so much I I wanna start.
-- what Barack Obama promised back in 2000.
You don't have any -- -- That you use stale tactics to scare voters.
Don't have a record -- minimum.
You pay your opponent as someone people should run -- Yeah.
And here is what President Obama has been -- recently about the Republican budget.
Budget -- part of the right it makes the contract -- America look like the new deal is really an attempt to impose.
A radical vision on our country.
It is thinly veiled social -- -- This from the candidate of hope and change.
Well Chris come on and.
You you bad to say that you don't want to.
Engage in empty scare tactics is different than saying we're gonna take a look at the proposals on the other side and critique them that's what campaigns are about.
That's what democracy is about the fact is the Republican budget.
Is the wrong direction for this country more massive tax cut for people at the top.
More cuts in things that we need to grow our economy like education like research and development like energy.
More cuts in our -- -- social safety net so child -- tax credits education.
Credits for our kids.
This is not the direction our country should go -- so of course we're gonna critique that that is part that is part of the process and it is a legitimate one.
At that that's absolutely true but when you talk about social darwinism.
Radical making -- contract with America look like the new deal.
First of -- you don't know that its massive tax cuts for the wealthy because.
And this is a fair criticism but -- Ryan budget they say that they're gonna come -- With closing loopholes for the wealthy and when you talk about these massive spending cuts the fact is all it is doing is reducing.
The rate of growth and spend.
Listen Chris a decade from now we'd be -- have a third less spending for example.
On Medicaid and that will hit people with disabilities it will hit people in nursing homes.
Very very hard millions and millions and millions of people will not be able to get the services.
That they need.
In terms of -- -- -- yes they say that there will offer offset we have not heard one.
Offset the president has proposed.
Closing of loopholes we've not heard bad.
From a congressman Ryan and the Republicans so you know you talk about hope I guess your hope is that they will.
Before -- coming sometime in the future but the fact is we haven't heard them.
In the last week the president has made a couple of major speeches and devoted his entire.
Weekend media -- -- to the buffet rule when the president introduced.
The buffet rule last September he said it was a matter of fairness and and this is the -- we also stabilize our debt and deficits.
For the next decade but here's the -- the Buffett rule that millionaires should pay a minimum tax of 30%.
Would bring in 47.
Billion dollars 47 billion dollars over the next decade while the president's budget adds.
Six point four trillion dollars to the deficit up in the next decade.
David according to one asked -- that the money would -- From the buffet rule would cover just seventeen days.
Of the increased deficit under the Obama budget.
It let's look -- the president's proposal.
In total would cut the deficits by four trillion dollars over the next decade and put -- on a path.
To where they have the -- -- stabilized and were able to to manage it where where it's just 3% of the totally economy which is where everyone agrees we need.
We need to be in terms of the Buffett rule I remember when 47 billion dollars seem like a lot of money it is a lot of money.
There is a question.
When you reduce the when you eliminate the bush tax cuts for the very wealthy that adds another.
Billion dollars so this is a piece of a larger.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Planned Parenthood because we can't afford it funding for women's health programs because we can't afford it that's 300 million dollars a year he says we have to cut foreign aid.
Dollars a year.
And that's because of the because of the deficits.
So you can't argue it both ways this is a sick and if.
Regularly why you're gonna get into a lot larger in -- make budget if I may David I am gonna get into a lot of that would that the last in the next segment.
But you would certainly agree that when the president introduced at last September and he said the Buffett rule would -- stabilize our debt and deficit.
Over the next decade that wasn't true.
Know what he said was it is part.
Of an overall plan that will stabilize our debt and deficit that hit that -- what would that nobody can argue nobody nobody can argue -- Nobody can argue that it makes sense for people who are making a million dollars a year or more.
To pay less than the average middle class worker in this country so it both helps us stabilize the deficit and ensures a modicum of fairness in our tax system and it if they didn't like mr.
Gillespie and you want to argue otherwise.
Then I I got bad Soviets but for those point seven billion dollars and -- -- -- where you.
And an -- on your questions -- Ed Gillespie I wanna have to ask you some questions you just talked about the president and that is not fair for rich people to pay a lower tax rate than middle class people the president introduced as are released his tax returns this way.
It turns out that he paid a tax rate of 28 point 5%.
Which is a lot less than the thirty -- on it talks about and -- gas it is lower than what his secretary pay is.
And the question I have not if I'm hey David -- the question I have for you is if the president feels so strongly about tax fairness.
Is he going to contribute money to -- to the treasury and they have a special department just for this to help with a deficit.
Listen Chris first of all of the reason that his tax.
Rate was so low was in part because 22%.
Of his of his income was donated to charity mostly to these Fisher houses around.
Veterans hospitals so that Enron make it means a lot on the journey there well that's -- -- -- -- not not not quietly yes but.
But there's no proportionality.
-- but here's the larger issue.
The president's proposal would have him pay a higher rate of taxes in the future governor around his proposal would have him pay a lower tax.
Rate in the future so.
That's fundamentally different we're arguing for a system that is is is fair.
He is arguing for a system that would exacerbate the great gaps that we have in our system.
Today so I tell us that he's not gonna contribute money to the drug trade up with a deficit those so that's not the way we operate our our tax system okay if we don't run bake sales it's not about -- -- we all -- in.
According to the system and the system allows that I look I had the fact that Mitt Romney pays.
On 20000000000 and twenty million dollar income is not the issue the issue is that the system permits it and he would perpetuate that and he would enhance it.
Let me turn to the economy three presidents.
Have sought a second term since 1976.
Let's look at their economic record.
Jerry Ford had unemployment of seven point 8% and GDP growth of five point 4%.
For Jimmy Carter unemployment was seven point 5% and growth minus point 3%.
For bush 417.
Point 4% unemployment 3.4 percent growth.
The latest numbers for Barack Obama eight point 2% unemployment.
And one point 7% growth in other words.
This president -- the worst unemployment rate in the second worst growth rate of those four president's given that record.
Why does he deserve reelection.
Well first of all I think.
You ask me that same question about seven or eight months ago and the numbers were.
Were were much higher than that and obviously -- where those numbers are coming down.
We have created when there's no doubt that we walked into the greatest economic crisis since the Great Depression everybody agrees on that in the six months before we took office.
We in the country lost four million jobs in the several months after that the country lost four million jobs in the last 25 months.
We have seen four point one million private sector jobs created if you look at the bush recession which was much.
Gentler in 2001.
That began in 2001 in the recovery from that recession what we've created seven times as -- many jobs.
In 33 months.
In the last 33 months.
Than than he did in the -- after his recessions so I think people look at where we were and where we are but the bigger issue Chris.
Isn't where -- -- where we're going and are we gonna create an economy in which the middle class can grow and -- Franken is in which wages are growing.
In which hard work.
Is rewarded responsibilities reward and everybody from main street to Wall Street plays by the same rules.
Are we gonna make the kind of investments we need to get -- -- -- I'm gonna give you education research and development or are we gonna shred that and just have an economy where people at the -- do very well and every.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Fox News came out with a new poll this week I don't want to put up on the screen it shows Romney with a slight edge over the president although they're basically tied.
And the president's approval reading it back down to 42%.
Even -- all the battering that Romney has taken during this long primary season he's basically running back and -- with the president.
And and -- guy as at this point well below the the 50% approval -- which is generally considered crucial.
For a president seeking re election my question is isn't Barack Obama very vulnerable.
Well I don't think we -- spend a whole lot of time on your poll Chris because in February.
You had the -- the bi partisan spread was eight points different than it is now and unless you believe that there -- seven million -- Democrats.
In America today and six million more Republicans than there -- In February I wouldn't put much credence in the store for other public polls that had a much different result.
In the same month time period -- and by the way in your -- the -- -- -- we're -- you have -- plummeting but doing better among independents and we didn't February there isn't a person in America knows something about -- who would say that could possibly be true that said it we've always said this was going to be a close race it's a closely divided country we want 53% of the vote in 2008 with the wind at our back.
Of course it's going to be closed.
But at the end of the day I think the American people.
Want to choose a vision that holds out the greatest possible.
Opportunity for them and for the middle class they wanna see our economy rebuilt in a way which.
That battle that will give them their best chance -- and I think -- -- that's not -- back not go back to those policies that got us into this mess.
In the first and that has cuts and that is Daytona -- married Islamic that I wanted to ask you in the final question -- -- in one paragraph two or three sentences.
What's the choice in this election.
The choice in this election is between -- economy.
A growing middle class and that gives people a chance to get ahead in their kids a chance to get ahead in an economy that continues down the road.
Where -- were a fewer and fewer number of people do very well and everybody else is running faster and faster just to keep pace.
We need to take that first through better -- honors our our fundamental economic values the values that made this country great and we need to do some things.
To promote that kind of economy we can't sit back.
And and go back to the same.
Failed policies that were so disastrous.
In the last decade all right we're gonna have to leave -- there.
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