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-- the US economy not exactly getting a clean bill of health from Ben Bernanke and his testimony before congress earlier this week the Federal Reserve Chairman says the outlook for.
The recovery is murky at best his gloomy assessment of the economy.
The most significant political event of the week take a listen to what he had to set.
The CBO has estimated that the full range of tax increases and spending cuts -- that take effect.
The scenario widely referred to as the fiscal cliff.
A shallow recession would occur early next year and about one and a quarter million fewer jobs would be created -- -- -- thirteen.
So will the sputtering economy determine the outcome of the November 6 election let's bring in our campaign insiders.
Doug -- Fox News contributor former pollster for Bill Clinton back a daily to a Fox News contributor.
And a former pollster for president Jimmy Carter John absolutely a former Republican congressman.
For New York gentlemen good to see -- -- -- put up a Fox News poll this seems to dovetail with what Ben Bernanke is saying.
Of people say raising taxes.
-- the American people are.
And nervous and what Ben Bernanke said reflects the popular will which is that if we don't get the economy right we could head into a recession.
And that's what's weighing down president Obama's poll numbers are making this a very close race with things moving in the direction of governor Romney.
-- at the same time by ten point margin take a look at this next fox new people.
You know folks say taxing the rich which is what the president wants to do is a good idea.
Well you know that everything is not nothing takes place in -- back.
You know people think -- they think about the economy that's bad to tax the rich.
That we ask these questions and isolation.
And are much more complicated that but to go to appointed human dog we're talking about.
You know this economy the numbers are so bad and so many ways now where apparently now on the third month of low -- lower personal income.
That's always -- for assignment recession coming.
We have -- numbers the unemployment numbers to back up again I think people now are very nervous -- tickets -- recession.
Congressman now bad numbers on the unemployment claims there -- -- consumer confidence numbers are down retail sales are down.
President's golf handicap is down.
-- tight -- I digress.
I bring it -- because I I just sort of wonder why Romney doesn't make a bigger deal of that it was easy president pinnacle I tell exactly why though here I think we now know what Romney's strategy is which is just play it very safe and ride aids and deteriorating economy.
To victory in November not do anything that ticks people off not do anything controversial.
Try not to be the issue in the race now the president.
Does -- want to talk about the economy he wants to talk about fairness.
Taxing the rich and governor Romney.
And and Romney and but we have a -- another poll is not on the screen for -- mustn't -- more people say economic growth.
Is important vs fairness is more important and by and large marked by Allard will look at.
Romney did make a big deal -- the fact not the golf handicap thing but he did make a big deal of the fact that the president.
The economy doesn't even meet with his -- -- -- -- but he has a 106 children.
I have been all over the Romney -- we all for several weeks I -- today Rodney was better this week is candidate.
And I think he doesn't -- real and his town meetings but think -- was good.
That thing where he's had a hundred fundraisers since he announced and no meetings and six month would -- council.
I thought was a devastating metaphor.
In the light of the economic numbers on all what I thought of -- the -- -- job to President Obama is keeping his own good and given that his fund raising.
Numbers are down Greg the president has got to keep.
Escalating the number of events he has -- -- mistaken.
At a lot lower right hand side of our screen is the president meeting with people there -- Buckley air base in Aurora Colorado and again we're going to be following the president's movement he meets with.
Family members of the victims there -- -- -- be meeting with officials to under -- his support for the community which he's been.
Devastated by the theater massacre.
In the early morning hours of Friday but as we look at the president let's look at his numbers.
He's now all losing ever so narrowly.
Under the latest New York Times CBS poll to governor Romney.
President Obama forty.
John -- you know for about a year what we hit the three of us have been saying on here is that.
The president cannot win this election on his record it's a bad record.
Obama care and all that his only hope of getting reelected was either an improving economy which is now not happening.
Or he runs a nuclear war on Mitt Romney and makes him radio lack -- -- -- or un electable they fired every salvo they have it may be working a little bit.
But I don't think it's enough as of tonight.
Was surprised inside those New York Times numbers -- a couple of other things right on the issues that matter the economy.
Romney was well ahead lose interest -- to the point you -- on the attack I was surprised.
On the question of who.
But do they care about the middle class.
The president was 63 Romney was up at that decline in my -- that's video -- but here's here's that I mean that's in the next week we've we've all been alluding to.
The reigning in that -- that the president got on the economy was 39%.
Right and with the fund raising numbers going down.
Romney collecting more money.
The race is moving in governor Romney.
Direction and and those New York Times polls also seem to match the Fox News polls I want to put two of them up on the screen the first one is the president's job performance.
He's under water here 49%.
Approve let's move forward to the next one.
Of voters say they're better off.
Then they were four years ago but nearly half 40% say they are not and another 13%.
Say their situation is unchanged.
I know you know one of the questions we -- about is what is happening this year is that -- 2004.
Race the president vs John.
President Bush vs John Kerry which ended up being very close.
Or is it 1980.
Like a wave against an unpopular incumbent in a bad economy.
And I think the three of us think it's more -- 1980.
Where President Obama being wearing the role -- -- -- half of Americans think that the president's policies have made the economy and war.
And in -- with the president having as pat suggested spent a lot of money in the swing states who have got no movement out of this.
And to be in a position where -- effectively tied or behind underwater on job approval and being out fund raised by governor Ryan this is a crisis we're gonna talk about one of us.
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