The Obama economy
Is the president out of touch when it comes to jobs?
- Duration 5:39
- Date Aug 16, 2012
Is the president out of touch when it comes to jobs?
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This transcript is automatically generated
When we try to have -- a work.
But choice for this election if you got a business back.
-- -- -- Private sector's doing fun.
That was President Obama sharing his economic views -- -- guess based on those statements it's no surprise that we are seeing the weekly jobless claims once again surge now.
This week's report shows a number of people filing for first time unemployment remained well over 360000.
-- President Obama has repeatedly labeled this the worst recession since the Great Depression he said that during the campaign.
Well self proclaimed successful policies are not helping because the AP is now reporting that Obama's recovery.
Is the weakest since you guessed it the Great Depression.
Joining me now from the Fox Business Network Sandra Smith and a Mac columnist -- -- -- these numbers tell -- Gallup on the three issues that matter most the American people creating jobs.
58% disapprove 37%.
Approve the economy 60% disapprove of Obama's handling only 36 approved.
Thirty approve those numbers if the economy becomes a number one issue how does he win with those numbers.
I would also add to that that -- use and how to poll out today that showed that 45%.
Of people trust Republicans more to deal with the economy 40% say Democrats that's not even -- -- It's across the country and I think it's because of over -- -- over regulation -- EPA gone wild this president's done.
Nothing in the way of energy independence despite these numbers he throws out there about drilling they're all inaccurate and people aren't blind they are out of work their families are out of work they know the prices of goods and services.
They know the consumer spending is suffering as they don't have any money in their pockets right now to spend money it's very real and tangible net gonna vote based on their on what's on what's happening in their lives I think.
All it does sleazy slimy smear campaign event but obviously the Obama President Obama himself -- the seal of approval because he's not stopping it.
The reason I don't think it works is because behind every one of those statistics.
25 million -- under employed him you know 49 million Americans in poverty 47 million food stamps one of six men and Americans in poverty.
I don't think they care about you know the the attacks -- come and.
-- every day.
And is amazing that the president's actually patting himself on the back saying his policies have worked there is didn't.
Five point two million Americans have been out of work six months or longer when you look back -- all -- economic recoveries in the US going back to the Great Depression.
We had never been at this point three years into the recovery.
Ever shine to sit -- it makes me think that the president doesn't have his ear to the ground when it comes to businesses.
Wal-Mart today worst performer in the Dow this chief financial officer came out did great earnings but they -- and they said guess what.
Our customer is having a harder and harder time stretching a dollar to the next paycheck consumers are hurting businesses are acknowledging it -- -- the president.
The detail I shop it Kmart Wal-Mart target.
I don't -- -- you know augment their role a couple of times in my life -- there -- still.
Take my kids great place to shop -- -- -- their prices are really reasonable and you go to the super Wal-Mart they got everything you could ever match including groceries one stop shopping.
If people are struggling in the in the had a Wal-Mart is saying that that means is has impacted every single level the economy and especially.
The middle class in this country.
Which Democrats say they have a monopoly on helping.
Also remember how much money was pumped into the economy over 800 billion dollars in.
Stimulus that was supposed to prevent this from happening so our deficit has ballooned our debt has ballooned and there's absolutely nothing to show -- -- at the end of the day.
That's what Republicans and that's -- Paul Ryan and that Romney need to be talking about.
That it's not just that he was sitting around doing nothing in this happened no this is your tax Payer money that has vanished and there's no results to show.
Also when you go back said that we just -- -- the sound but have you that you didn't build that comment and we actually just got the numbers -- to speaking to signs point that the numbers are there to back it up.
Romney just got to keep focusing on that and Obama he's gonna continue to try to distract.
We just heard from the small business owners in next.
If it fell for the second straight month -- his been dismal they don't feel good about what's going on right now both politically and neck and economically.
There's so much uncertainty out there and -- It is not just the small businesses the large corporations are sitting on trillions of dollars a cache record amounts cast.
But they're not hiring why -- don't -- what's happening at obamacare they know what's happening with taxes they had zero confidence right now it's gonna come down this election.
And this is a perfect time now for a Romney O'Brien take -- you have a guy who was -- CEO of a company's strong businessman don't have Paul Ryan who was a budget hawk willing to tackle entitlements.
Willing to tackle the serious issues with the economy and the deficit being key issues for Americans I could not be happier with this pairing right now -- I didn't say here's the good news if Wisconsin is any indication.
People are serious about doing the right thing now and and that means look it -- for kids and grandkids.
And hopefully that you think that's -- the election ends up being about.
It's gonna be about eight point 3% unemployment skyrocketing gas prices and ballooning -- now five trillion and then the scare tactics aren't gonna work as seniors now that it's all nonsense they know the what's going on with Medicare right now is not sustainable.
People want solutions and the only people willing to offer solutions right now ordinary Romney and Paul Ryan they're offering serious plans -- serious times and Obama's you know surrogate talking about nonsense and get -- and I don't wanna run on the.