Do Republicans have a plan to fix the economy?
Rep. Paul Ryan weighs in
- Duration 7:40
- Date Jun 13, 2012
Rep. Paul Ryan weighs in
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This transcript is automatically generated
Yes congressman Paul -- joins us up right now for an I don't know what he's getting a -- is -- we do know we wanna talk to about what's happening in this country.
Good morning congressman.
Good morning and I don't know what I'm getting from the Xavier well that's a good thing can -- your kids or anywhere for gonna city I -- you.
I know and and and it's also good because -- reminding me to get something for my husband right now.
-- let's talk a little bit about President Obama because until Tuesday he said that you.
And governor Romney and the rest of the Republicans don't know -- to get the economy back on track with this.
A lot of current Republicans don't seem to get -- that a healthy economy.
Doesn't just mean your maximizing.
Your own profits through massive layoffs are busting unions.
You know you don't make America stronger by shipping jobs.
And profits overseas.
Whenever Romney -- Republicans who control on the house represented as propose cutting taxes.
For folks who don't -- -- while raising them on eighteen million working families that's that's not a recipe for economic growth.
So your comments to that congressman he's telling -- you don't know what you're doing.
Look only in president Obama's Washington is a disagreements.
To raise taxes considered -- tax cut.
But President Obama is promising one of the largest tax increases in American history starting in January and we wonder why small businesses aren't creating jobs.
On day one.
Because we need a new president Mitt Romney.
Will fix this he will start repealing the red tape it's choking off jobs in hindering our recovery.
He was not repealing obamacare which is putting so much uncertainty -- businesses.
The begin the process of lowering tax rates by closing special interest loopholes.
Which helps small businesses with certainty how so they can create job he'll announce a 5% spending cut on government agency budgets to begin -- process of deficit reduction.
And he will approve Keystone Pipeline which we know will create lots of jobs and help make us a whole lot less dependent on foreign oil.
The -- you -- Middle Eastern or be you know one of the things we've been talking about is the president's speech yesterday in Baltimore and his three fundraisers got a bunch coming up next -- -- Jessica -- getting house ready.
He is saying it is is George Bush to read up these deficits and baked -- in the cake.
And these -- the deficits he's -- dealing with in getting credit for for no reason your reaction.
The deficit was gonna come down after the 2008 crisis occurred the President Obama profit up with stimulus spending.
He increased based discretionary spending government agency budgets but 44%.
And any interest at 84%.
With the stimulus spending any kept those elevated levels on base spending so the president.
Gave us he's spending increase where the government -- to the highest it has been since World War II.
So we get a gusher -- spending a gusher of new borrowing now President Obama wants one of the largest tax increases in history.
By the way not to pay for all of that spending but just a fuel for more spending not to.
Pay off the deficit mean.
His tax increases -- they don't even paper a 20%.
Of its proposed deficit spending so we're talking about more taxes more borrowing and even more spending.
And bigger deficits he's given us four budgets with four trillion dollars deficits that's -- President Bush's fault.
That's what President Obama give us like to what congressman this morning we've been talking about how James Carville -- polling group.
The -- democracy corps has side.
You know they've taken it a look at how things are going and a couple of swing states Pennsylvania and also Ohio Vance and focus groups.
And the message essentially was saying Mr.
President nobody believes economies were recovering anymore -- you can go out there you could say it.
And then when you look at that the information came up from the Federal Reserve in the last forty hours.
We're Americans well the amount of a value that the average American.
And also 2010 fell.
A lot of it had to do with their houses their home values but nonetheless people feel.
Empty weight yet you know the -- of the purse is bear.
This is why a majority of Americans Steve think that the country's on the wrong track.
Of course because this is happening in America the president's economic policies aren't working.
Look if borrowing.
And spending and taxing money in Washington was a secret to our economic growth we be entering a golden age Greece would be on fire in growth.
It's not these ideas don't work they proved to -- over again.
The president is is giving us this unreconstructed -- tax and spend doctrine.
People know what's failing Mitt Romney on day one is gonna turn this around and fix this -- we have still a chance -- America to turn this around.
And get back to economic prosperity we have a window of opportunity to get through this but if we if we lose it.
In the next two years we could have our own debt crisis just like they're experiencing in Europe and President Obama is bringing us toward that kind of a moment.
So as an endorser of Mitt Romney is it frustrating for you congressman.
To see that in the national polls Barack Obama and Romney are basically in a dead heat.
If everything you're saying is true what is not convincing half of the American public who still want to vote for President Obama.
We'll question actually it's not that frustrating to -- I think that's pretty good because look at what we're dealing what we're dealing with extremely well funded.
President who has the bully pulpit who has the ability to command the -- He's done so many more fund -- and most of his predecessors combined -- there's some bizarre statistic about how he did so much -- raising.
So -- it's in the fact that we're running against this huge machine gun and Mitt Romney still tied I think that's pretty amazing.
Here in Wisconsin we had a pretty big test vote last week and we pass with flying colors which is people think.
The federal government's on the wrong track bold leadership to fix these problems is the right way to go right and I feel very confident about it so I think being tied at this stage.
Given what what President Obama is doing what Mitt Romney's up against as a challenger is pretty impressive.
Chairman we know that governor Scott our crew of Wisconsin governor Mitch Daniels -- -- the same thing to essentially to Mitt Romney.
Ronald Reagan -- running as Jimmy Carter to look -- -- is he said yeah I'm better and look what I'll do.
Do you think governor Romney has a plan for what he would do an -- that -- enough because for those two Republicans it hasn't been.
Look this is one of the reasons why endorsement Romney here Wisconsin in the first place so yes you have to say -- -- Obama taking us in the wrong direction there's no two ways about that.
Here's a better alternative we -- the country choice of two futures.
So that the American people can decide what kind of America they want what kind of people they want us to be.
We can still get back to that opportunities -- -- with the safety net a prosperous America and yes Mitt Romney is offering that kind of a vision.
So he has to be specific and bold about that he's been doing that that's one of the reasons why endorsed him.
He's -- specific about spending cuts about entitlement reforms about cleaning up this tax code about getting rid of the job killing red tape repealing obamacare having an energy policy.
He's been extremely specific on these things more than any other person running for president in my opinion.
And that is the kind of leadership we need if we apply those timeless founding principles of the problems of the day.
Which is the undercurrent but not below those principles and policies president.
I'm TV president Romney -- wanted to say that Mitt Romney is proposing.
Then we'll get the kind of recovery we need America can grow.
We just got to get rid of the barriers that are preventing it from going in right now sees partisan obstacles the president of the senate.
And the disastrous policies -- from pursuing that are hurting and holding our economy back well and chairman we know whose side you're on that great big sign behind you -- gives it away.
We take you very much for taking time out of -- we -- Wisconsin to join us here.
On fox -- -- Thanks a lot.
-- -- right now let's get.