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A former senior advisor to and deputy chief of staff to George W.
Bush also a Fox News contributor.
Carl the president started off by reminding us that the economic.
Situation when he took office was the worst since the Great Depression we have heard that before.
So it and repetition may help -- and it doesn't make it exactly right I mean we had much higher unemployment we had.
Much higher inflation and we had very high interest rates in nineteen.
81 when Ronald Reagan came into office but we were in bad shape the question is there's Americans are asking themselves is.
We gave you the stimulus you know you pass the trillion dollar stimulus she passed all these other measures you want you -- up the federal budget like you.
You wanted to and hasn't resulted.
In the outcomes -- you promised us remember in.
January 10 of 2009.
Even before becoming president he says if you know want to know exactly what's gonna happen if we pass a stimulus bill.
You need to read this report by Jared Bernstein and Christine Romer and what it says his.
And unemployment today would be five point 7% -- -- be roughly thirteen million more Americans working.
Then -- are actually working that's what he promises stimulus would do -- his problems are -- didn't live up to well he said that one of the problems we're facing now is that state and local governments are having to lay -- a lot of workers -- don't have the ability to hire more isn't some of that the after effects of this stimulus a lot of money got dumped in the state and local coffers but there was no way to -- that -- that's correct in not only that but admitted there's also very technical issue called maintenance of effort.
What the stimulus bill required was that as did -- -- this stimulus money.
In many instances the states had to spend at least as much money as they were spending before and this was used to top up the money.
To in essence expand government at the state local global.
Not to merely keep -- it's an existing level so these states that took the money and ramped up there there there employment roles are now -- in the -- -- to -- but like here's the issue -- -- going to be what the fall elections and fought over.
The president is concerned about public employees losing their jobs as what he wants to do is take money from people are in the private sector.
You know the warehouse men and Ohio that truck driver and cholera at a the woman who -- has a shop in in Florida take money from them in the form -- higher taxes and interest payments in the future.
In order to keep those state local government employees that work.
And they ordinary Americans say we've been trying to after three and a half years and it has not helped our economy grow as robustly.
And create the kind of job to wanna be creating he said that we have created four point one or more than four million jobs in this country in the time since he took office.
When you look at the natural number of jobs we need to add each month just to keep up with population growth.
That's not a resoundingly successful thing you know in fact look it it's gonna take us until basically do another nearly five years to get employment levels in the number of people work and in the United States back to the level that they were when we came in the recession this is the most -- and slowest.
Recovery of any of the ten recessions we've had from World War II if we had the normal recovery from -- -- We have roughly 4500 dollars more per capita in GDP that is to say the economy would be 4500 dollars bigger per person.
And we have roughly thirteen million more people work -- that we got today on talk about the politics of all this some Fox News polls just out.
Have Mitt Romney and President Obama at a dead even tie 4343.
If the election were held today.
Romney gets the nod on the economy according to these polls.
And really national review online I'm sorry National Journal.
Had this quote that I I thought was interest and I wanted to share would be it's as every four years the race for the White House.
Is defined by a turning point a period when the contract contest breaks toward one side it.
And the other can never recover.
If Republican Mitt Romney is inaugurated as president in January history may look to June as the months in which president Obama's fate.
Was sealed he hasn't had a very good June and June is not very far along well and also did have a good very very good -- Mean we had the imbroglio over the anniversary of the killing of Osama bin Laden would return looked like he was trying to turn -- into politics by alleging that.
That Mitt Romney would -- -- the strike.
We had a bad jobs number from for May we've had.
You know a bunch of stops and starts in his own campaign being -- first dad was seen it was widely -- attack on Bain.
You know you had Cory Booker you know Ed Rendell Bill Clinton all of them coming -- the defensive.
Mitt Romney's business record in dismissing the -- assault.
So yeah he had a bad six weeks and yeah everybody has to in a presidential campaign going to -- it can you know have their time the barrel whether this is going to be the turning point or not we won't know until November.
-- Karl Rove it's always good talking Fox News contributor thank you you --
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