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But right now and the national unemployment rate stuck at eight point 2% for two straight months.
But that is not the only a lousy indicator today more grim news news that new home sales have fallen to lowest level since January.
But still present -- -- insisting his economic plan is working.
And then it's better than the Republican plan.
It's like -- drug.
-- -- -- -- -- -- -- -- -- -- that's the choice in this election.
That's why I'm running for a second tour.
Former presidential candidate Pat Buchanan joins us nice to see patent Ridnour and I'm fairly well so we think -- the president and his statement about they count me.
-- due respect impressive I think he's taking leave of reality.
He spoke after an Oakland California has an unemployment rate -- close to 11% Oakland is close to 14%.
We've had forty months of 8% unemployment.
Even the president's friends up in the polls are saying he's not doing well on the economy and economy's bad it's going to close to a stall how do you say something like that is working.
And and expect people to take it seriously.
Well what else can he say he can't say that it's stagnant that eight point 2% as a national average but the real number if you take into account the underemployed.
And the people of given up somewhere near 50% against Iowa say that.
-- you gotta be realistic you can say look I didn't inherit a horrible situation is this is one of the worst we've seen Europe is in bad shape -- in bad shape.
We -- moving slowly we should be moving faster were making some progress.
But don't say it's working when the American people know it is not.
Let me -- -- -- look at what he has done.
He has had distinguish that package of 800 billion dollars of TARP the 700 billion.
Four straight deficits over one trillion dollars the Fed has been printing money hand over fist and it's kept interest rates at zero.
We have tried keynesian economics president's economics and it has not worked.
Mean my concern is quite frankly is up.
Is what will work -- -- because we've had the bush tax cuts for four years true.
And I haven't hasn't ignited this economy and you take a look at what's happened in Europe we are in real trouble and I detective excuse me a lack of seriousness.
On the part of the president of he's taken statements like that we -- I think it's of interest in that.
A while ago some of his circuits -- say that -- the problem with this 2009 stimulus and they credibility is that wasn't enough he has not saying that I don't see I'm -- not on the -- saying we should do -- -- is almost abandoned his own economic plan going.
Passionate and look what what is he doing now.
He's in now hardline ideological position based on his a -- -- and ideology.
He said we're gonna raise taxes on a rich that's the fair thing to do.
What under what economic theories do you.
For years deep into a recession raise taxes on anyone.
It -- -- duty didn't 2010.
When he should look -- people voted this way the economy is still down.
Let's extend the tax tax cuts for one more year and -- tax reform.
Let me predict something I'll tell you see if -- growth rate comes in in the second quarter.
And it's down I think we're below 2% now and it is dropping.
I think the president's gonna have to be dynamited out of that position I don't think Bill Clinton would sit there and do nothing.
-- -- -- -- If if it's true that.
Many people are business don't want to hire more people are expanding to more investment because -- uncertain about what the tax code is going to be.
Come December 31 -- in -- January I don't understand how just one year.
For people people business tend to look -- several years in a one year extension of these is happening in any way -- people us the people can plan.
So it got I I think evacuate -- better off in business say it's going up and tough this is -- it's gonna be indefinitely for you -- or it's gonna stayed out so people can actually play it's just this uncertainty that is but -- says tapping the business.
Well I think look the Republicans are opposing tax increases on the job creators.
Because politically they have to but philosophically they don't believe that economically -- don't think you raise taxes in a recession that's what.
They believe we could even if you look at it even if that taxes -- go up on those who make fun to have 50000 dollars a year that a -- eight days of your current -- we have 367 more days -- -- -- -- -- Is holding the whole economy hostage the president is.
On the basis of an egalitarian ideology he picked up somewhere between the Harvard Law Review.
And rules for radicals -- all Lewinsky and Bill Ayers his apartment I don't know where his ideology really.
Comes from when you're in the situation as I -- any realistic hard -- centrist Democrat Bill Clinton would say look.
This thing is not work in college he called everybody and we got to go -- year -- reform the tax code next year we win if Romney wins he reforms the code.
But we also want to I think continue those tax cuts on -- -- Social Security's.
You just don't raise taxes when you're in this situation in wishing to be stalled and almost in a -- Try another topic -- who would you recommend to governor Romney because we like -- board game in Washington -- who's going to be the nominee for vice president coming assembly former governor Jeb Bush and police Marco Rubio -- is ready to be vice president enough to be chosen.
But -- who what do you think could be a Smart politically -- someone who you would choose but -- for Iraq for Romney strategic.
It should -- -- -- -- I would follow my old boss Richard Nixon if you are running even and you looked like you can win this one your own.
You can just take a safe choice someone who can help you in one state but who's not gonna blow up okay and you don't can't roll the dice.
Now McCain in 2008 rolled the dice and I would have done the same thing and I think Mondale did the right thing and rolling the dice for Gerry Ferraro.
If Mitt Romney's down 56 points or seven points come convention time I would take a hard look at what Jeb Bush -- and that's Marco Rubio.
If he's not down if he's run and even or run and slightly ahead.
Then you would say maybe my good friend keep -- bring Minnesota.
-- maybe Portman could bring Ohio and I need.
Would it take your I mean what do you take a Republican senator -- -- the senate strategically if you're if you're governor -- because you wanna keep that senator -- trying to get that senate.
I think you would I would figure that if you've got a governor in Ohio vacation right.
Right who would replace Portman if -- were put on the ticket became vice president.
Casey would pick to -- replace Portman to your fine there how about that speaking who would be this WIC's being governor Chris Christie speaking at a convention -- who else would dazzled the crowd.
Well you know I I'll tell you I -- his -- like cure your body and half of my favorite.
Is Sarah Palin I would say to governor Romney had to convention.
Look let's not have the board convention I mean it's it's all it's going to be -- except for the vice president but why don't you bring in all the voices of the party.
And say look you may not agree with this folks those folks but we are all united behind governor Romney.
And that's what I would do I would have -- and don't probable for the country for.
For you know four straight nights -- speakers who are who've who've been vetted.
I've done that at conventions are -- where we go over all the speeches -- people of the senators and others and and we make sure they didn't say anything out of -- And you know because that's where mr.
Nixon wanted to.
But every -- that mr.
Nixon he certainly had changed everything anyway pat nice.
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