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Government: Is it the solution or the problem?

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    Is this the most critical question of 2012 race?

  • Duration 9:31
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And tonight on a jam packed edition of -- governor John Sununu goes head to head with Juan Williams plus Dana Perino and Stuart -- -- here.

And one of the chief architects of the Obama economy Austan Goolsbee will attempt to defend his former bosses dismal record against me.

But first we examine the critical question facing voters this election season that being.

Is government the solution or is -- the problem but does that is one very clear area -- president Barack Obama and governor Mitt Romney could not disagree more.

-- -- -- we have seen over the last three and a half years the Obama philosophy says that bigger government higher taxes more regulation.

Make the best formula for creating jobs and getting the economy back on track but sadly.

We've all seen firsthand the painful results of that type of thinking watch.

Good evening.

This is the worst economic recovery America has ever had.

41 straight month.

-- over 8% almost four million fewer jobs -- President Obama predicted.

23 million Americans without full time work the results president Obama's failed stimulus policies.

The worst economic recovery America has ever had to tell him.

For real job growth -- spending and cut -- -- to support the new majority agenda at new majority agenda dot org.

Now thankfully for voters there is an alternative view to the Obama philosophy that is the one being held by governor Romney now on like the president.

Governor Romney believes that less government lower taxes Smart regulation.

-- the driving forces behind a healthy and prosperous economy.

And above anything else this is the choice facing voters in just 98 days and the stakes of the selection could not be higher for this country.

And joining me once again with the latest from the campaign trail.

As former New Hampshire governor.

And Romney advisor one man Romney supporting wrecking crew John -- And the author of muzzled the assault on honest debate which is now available in paperback Fox News political analyst Juan Williams.

No one.

Two things three things or point out as we start this the president made declarations is running.

Cut the deficit in half in his first term.

He said he was running in the worst economy since the Great Depression so we know there is the economy the economic -- situation is running in.

And he had Nancy Pelosi and Harry Reid you got everything you wanna pass he got his stimulus he got his his budget bills pass to got -- health care bill passed.

So at this point is this not the Obama economy is this is or not.

Well it certainly is think -- any question but I course.

What you didn't say there was that even last week when the government was looking at the economic conditions they spent.

Retro actively looking back that that the situation -- the president inherited.

With -- even worse than -- the worst thing -- worst economy since the great there was -- -- the worst economy since Larry here's what I like here's what I like about your introduction and -- laid out the parameters for this election I think exactly right this is what it's about.

And if you just go by what Sean Hannity -- tonight you got to say well Barack Obama did a great job because guess what.

He had rented I won't go yeah we can kind of the point of -- governor's fate of growth of government right and this is the guy OK guys.

No new jobs.

We have no idea we don't know Jack has been winning eight straight months of job growth for -- formula and more jobs -- -- he took off on we have just under a million fewer people working today than when he took office so we have no net new jobs sorry can't spend it.

Fewer Americans working and five trillion in debt.

Governor -- and look this and this has been four years of disaster for America.

The president laid out his own goal of five and a half five point 6% unemployment.

After three or four years where at eight point two.

We have 24 million people suffering either unemployed.

Or underemployed.

We have kids graduating from college with less than half of them being -- being able to and their jobs even slightly related.

To what they studied for.

What and a half percent growth rate.

Last -- last week.

The worst growth rate you could possibly imagine at this stage coming out.

In the fourth year of coming out of a problem the growth rates should be around 68%.

And and this president is is a failure in that he spent five trillion dollars and and he has nothing to show for it.

He thought there were going to be shovel ready jobs and he admitted he was blowing smoke when he said that.

We have an economic disaster and when you ask the president what's going on he says it work.

Why can't he be honest.

And acknowledge the fact that it failed not that it worked.

-- -- -- The sky's -- the sky is falling on chicken Little -- that's not you.

This is not used to be so negative and pessimistic about America I have lectured Sean Hannity about this you gotta believe in the country.

And the thing to understand here is that the government today is smaller than when President Obama took office.

The one we came in -- with a very difficult difficult time he's a contact.

I'm I don't know if not one that's not true first of all -- -- -- there are more public employees today than when he took office.

-- what we have is smaller government if you're asking about the size of government government expenditures the rate of growth in terms of spending is the smaller -- being through going.

You wanna plug and aspirations that -- statistic that you and the president.

Tried to pawn off on the American public.

Has been big bump even by the most -- the liberal of analysts that say he is cheating with those numbers.

It all you put five trillion dollars extra spending into the game.

And he -- that debt on the back of the young people of today tomorrow and my grandkids.

Where it's not cheating it's not cheating it's transparently because remember and I think seeing war.

In the last administration the cost of the war is the cost the bush tax -- that wasn't considered.

But if I look at just -- -- like.

Gee how the NASDAQ doing all its more than doubled since he took -- -- how the Dow doing up 10% think he took office house corporate America profits doing high if I ask my question is and how they want out of America building in terms of jobs.

They are not working.

This president has kept people in -- -- -- House payment and -- -- things let me -- -- governor and all pro right back to.

We have the highest number of people dependent on government in American history.

We have fifty more -- million people on food stamps we have 26 million.

127 million on an underemployed Americans he said he cut the deficit in -- he's given us the largest deficits.

The very thing he called George Bush unpatriotic for an irresponsible about.

Governor Sununu he's given us five plus trillion dollars in debt in three and -- -- years.

George Bush gave us four trillion in eight years.

Look.

That one.

I can't believe that your your mimicking that statistic that the president himself has stopped talking about he is the biggest spender in American history.

He has increase the size of government at the federal level.

He has sent money to the states and municipalities.

And head them increase the size of government he's -- debt and we have people.

That are still looking for jobs after four years.

John -- you know that in fact what we're staying in state and local government if a terrific.

-- of retrenchment and -- the big dragon back on the economy right now.

-- -- private sectors adding jobs what we're seeing is cuts in terms of people who are firefighters teachers the policeman who would say -- that's where the cuts are coming.

And so when you talk about added spending I think what you're referring to is the stimulus remember.

Americans got tax cuts under the stimulus and I know you're -- tax -- got so why would you be bad mouthing the stimulus.

Because it didn't work and that's why -- brought -- around.

And this president runs around lying to America saying it work it has not worked and we have problems and when -- ask -- why it didn't work.

He says it's Europe's fault it's because we're using ATM's we had a tsunami we had more rain we had less rain we have drought.

Everything is an excuse for this president.

Standup and be touted for Mr.

President.

We have to decide what America's gonna do Mitt Romney is put together a package and a plan.

That will move this country forward -- I mentioned it the other day.

Keep Bob Caro is book.

On on Lyndon Johnson his fourth book has a huge section in there.

Talking about the months before Kennedy was assassinated.

And -- -- did Lyndon Johnson took office and both Kennedy and Johnson.

We're desperately trying to get congress.

To pass -- tax cut package across the board.

So that they could get growth again billion to the 1964.

Election this isn't just Republican dogma.

This is something that is real and for some reason the hard -- is that have taken this president's mind over.

Have convinced him -- -- tax cuts for those that make investments.

Is a good political it positioned to fight.

And empty denigrate the rich and the success Yahoo! and America can't tell you on the spot I've gotten not try to -- job.

But we do have time restraint that take --

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