You're watching...
Will voters 'forget' the 'magnitude' of the recession?
Details
-
Description
President Obama's poor choice of words during speech could come back to haunt him in many ways
- Duration 8:40
- Date May 11, 2012
You're watching...
President Obama's poor choice of words during speech could come back to haunt him in many ways
Also in this playlist...
Auto-advance: ON
Auto-advanceThis transcript is automatically generated
-- -- Ripping into -- Obama for forgetting that the recession.
How -- the president forget the economic crisis but here's a president -- said.
We've seen over a record surplus that was squandered on tax cuts for people who didn't need him.
And weren't even asking for.
Two wars were being waged on -- credit card.
Wall Street speculators -- huge profits by making -- with other people's money.
Manufacturing was leading our shores of the house of cards.
And -- collapse in the most destructive worst crisis that we've seen since the Great Depression.
And and sometimes people forget the magnitude up now and then and you saw some of that I think it in the video that was -- Sometimes I forget.
Sometimes I forget bad choice of more answers President Obama.
As a GOP is quick to point out.
Did -- author of the new books group joins -- so nice to see it -- and I'm sure and the Republicans are jumping on that that sometimes he forgets about.
Nonetheless.
That is a mistake I'm sure we're gonna hear and lots of campaign ads.
Yeah -- well I.
Think it was just a slip of the -- her mistake.
But I haven't heard it's silly of course he doesn't forget.
But the what he's doing is he's trying to -- to completely separate things.
One -- the banking crisis.
And and that exacerbated the recession.
Caused huge unemployment huge and stability.
But that was largely being solved by the time he took office.
Then there's the aftermath of the recession this so called sluggish recovery which is entirely Obama's.
And that's because he's borrowed so much money.
That the world has freaked out that's a technical economic term -- Happy he he -- just give you the stats.
When he took office public sector again of all nations all states everybody in the world was forty trillion.
He increased it himself like five trillion and state and local governments by another four.
So he gets 25 spread from 25% increase in debt.
In three years and it totally freaked out the world and it led to the crisis in Greece the crisis in Spain.
The freezing of lending of capital throughout the world.
And that's why the United States can't shake this recession because it's not a recession it's what's called the dead implosion.
Caused by -- And the spending that he's doing to solve it.
Is making it worse it's like the -- the used to bleed patients in the Middle Ages to get rid of the evil spirits.
And just made a Morse that's what I'm doing really.
But it won't when he is -- that is seen Justin is dead statement then could have been so much worse and yet you know we're really lucky so how do you know if he's at right connect -- been so much worse and he really -- stopped the yeah -- -- stopped all the problems from and is a much bigger or how we know there's not scaring us.
We'll look at every other country in the world Greta we are the only country that did not bounce back from this recession.
China had a 9% 10% growth rate in India -- growth rate.
The European zone came out of this recession.
A year and a half before we did and -- You've got you've got Greece you've got unemployment was under a minute -- -- -- percent -- got in the -- this -- now your heart is in bloating.
-- yet now you are Greta.
It's 2012.
But in 2009.
And ten.
-- 211 Europe did much better than the United States much better even Japan did better.
Now Europe's falling apart because this -- implosion that because.
-- catching up with them.
But it you know -- implosion it's kind of like you're a lions chasing the herd of -- in the weekend won't get -- And Greece and Spain of the weekend for love but everybody else is scared of it.
And the result is that the economy isn't growing and now we're all going back into recession because of its policies.
Well there's a recent poll which -- -- how to how do we know I don't -- the answer whether you know how exactly -- but at least I could tell you what the American people think.
In a recent poll -- L associate press JFK -- says do you approve or disapprove.
How -- Obama's handling the economy in February.
-- six in the twenty is 48%.
Approved now has declined by 2%.
50% disapprove now of course it's gone up by fifty to provide 2% to 52 in two months so that trend isn't we have the American -- don't think -- he's handling that particular day they -- I guess you can -- it less well -- it was.
I just did a poll where I found.
42%.
Said he's made it worse.
33%.
Said he's made it better and the rest said its policies have had no win back -- at all.
-- get almost two thirds of the country that believes -- the worse or no impact of his policies.
I feel like -- college map the -- -- the race word today.
Tell me Allen who would be winning and -- let me tell -- what the numbers to be about.
-- Romney would would be winning overwhelmingly.
For Obama might carry if the election were held today eight or ten states.
The the the polling that I've seen the likely voter polling from the registered voters are likely voter polling is so overwhelming there.
That that he is really headed for a -- work.
If it's sort of interesting is that we're going to hear probably a lot of things we have been hearing of the last year from.
Both candidates sound the same stuff and and if if I -- venture a guess.
As do we know what's going to be different between now on November's that trend when a trend better -- trend worst flight yeah.
And they sit back and I think that's going to be -- -- dynamic factor and so -- I would I would suspect that could be so bold and how people vote goes to -- who are undecided right now yeah.
Well I think the economy is getting worse you just look at the jobs numbers.
But you know I'm one of the things that's been concerning -- -- is what he's going to do during the lame duck session of the senate.
After I believe he loses the election and after I believe the Democrats lose control of the senate.
And in my new book screwed.
I -- whole discussion.
Of a range of treaties.
That he is signing and planning to get ratified during the lame duck.
Section just like in 2010 he had the start treaty with Russia -- And they amount to the worst fears of globalization.
And loss of sovereignty coming true.
One of them which is up for -- -- for ratification next month.
Is the law of the sea tree.
This obliges the United States.
To give half of -- -- -- for oil and mineral drilling offshore.
I passed 200 miles to the Third World to the United Nations to be distributed as it wishes to a thing called -- -- authority.
Another treaty the international criminal court.
That makes it a crime the president could be arrested for going to war without United Nations approval meaning Russia and China.
Bush was going to go to Switzerland -- twenty tend to accept an award.
And -- canceled the trip out of fear of being arrested because Switzerland is -- signatory of the international criminal court.
And Obama is gonna push that in the next six months.
So what are you know into the lame duck session.
What have any -- -- coming out of say.
What we mean it is this a very delicate time before and the Canucks don't think Cammie doesn't -- Obama -- client may have.
You try to make things improve and not do anything that is particularly ball between now and the Alexis are -- yet the apple cart.
That's right but what I'm doing is looking past that.
And just as he waited with the start treaty which was a giveaway director until after Election Day in 2010.
There are whole series of these treaties one -- backdoor gun control.
Another creates a legal right to welfare for children.
Internationally enforceable.
And all of these treaties are.
Piling up.
He then negotiating them.
And I believe they can be pushing through.
The lame duck democratic senate from that and -- let action after and that's why I wrote screwed and we moved the pub date up.
Because the first of these treaties the law of the sea treaty is coming up for ratification in June.
And once they get gratified they can't be on ratified -- they take -- supremacy clause of the constitution they've become have the force of a constitutional amendment.
And I gotta go -- -- at a live thank you very much thank you.