Can you get unemployment to under six percent?
Part 3 of vice presidential debate
- Duration 10:38
- Date Oct 11, 2012
Part 3 of vice presidential debate
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-- gentlemen I want to bring the conversation to a different kind of national security issue the state of our economy.
The number one issue here at homes is jobs.
The percentage of unemployed just fell below 8% for the first time.
In 43 months.
The Obama administration had projected that it would fall below 6%.
Now after the addition of close to a trillion dollars in stimulus money.
So we'll both of -- level with the American people can you get unemployment to under 6%.
And how Long Will it take I don't.
How Long Will it -- we can we will get in under 6% let's look at that must take a look at the facts.
Let's look at where we where we came to office the economy was in free fall.
We had the Great Recession hit nine million people lost her job at one point seven.
One point six trillion dollars in wealth lost.
-- equity in your homes and retirement accounts from middle class.
We knew we had to act of middle class we immediately went out and rescue General Motors we went ahead and made sure that we cut taxes for middle class and -- that when that happened when that occurred what did Romney do.
Romney said no let Detroit go bankrupt we moved in and help people refinance their homes governor Romney said now -- foreclosures hit the bottom -- But it shouldn't be surprising for a guy who says 47%.
Of the American people are unwilling to take responsibility -- -- my friend recently in his speech in Washington fed 30% of the American people are -- These people are my mom and dad the people I grew up in my neighbors.
They pay more effective tax the governor Romney -- federal income tax.
There elderly people who in factor living off -- Social Security or veterans and people fighting in Afghanistan right now for quote not paying any tax it's.
I've had -- up to here with us notion that 47%.
It's about time they take some responsibility here.
And instead of signing pledges to Grover Norquist not to ask the wealthiest among us to contribute to bring back.
The middle class they should be signing a pledge saying to middle class or a level the playing field we're gonna give you a fair shot again.
We are going did not repeat the mistakes we made in the past by having a different set of rules for Wall Street and main street.
Making sure that we continue to hemorrhage these tax cuts for the super wealthy.
For pushing a continuation of a tax cut that will give an additional 500.
Billion dollars in tax cuts to a 120.
Thousand families and are holding hostage.
The middle class tax cut.
Because they say we won't pass we will continue in the middle class tax cut unless you -- give the tax cut for the super wealthy.
It's about time they take some responsibility.
-- -- -- from similar counts he's from Scranton Pennsylvania I'm from Janesville Wisconsin.
-- -- the unemployment -- -- is today sure do it's 10%.
You know was the day guys came in eight point 5%.
That's how it's going all around America.
Look you know read this offensive that's not how it's going it's going -- human -- and look.
Did they coming in here -- that situation absolutely -- or going in the wrong direction.
Look at where we are.
The economy is barely limping along it's -- at one point 3% but slower than -- -- last year and last year was slower than the year before.
Job growth in September was slower than it was -- August and August was slower than it was in July.
We're heading in the wrong direction.
23 million Americans.
Are struggling for work today 15% of Americans.
Are living in poverty today this.
Is not what a real recovery looks like.
We need real reforms.
For real recovery that's exactly what Mitt -- in -- proposed.
To five point plan get America energy independent in North America by the end of the decade.
Help people are hurting for the skills they need to get the jobs they want.
At this deficit and debt under control to prevent a debt crisis -- trade worked for America's would -- make more things America and sell them overseas.
And champion small businesses don't raise taxes on small businesses because there are job creators.
He talks about Detroit.
But -- -- a cargo.
But it was quoting him but -- let me tell you about the Mitt Romney I know.
This is a guy.
Who I was talking to a family in north -- Massachusetts in the day Sherlund mark next.
Their kids were hit in a car crash four of them two of them Robin Reid were paralyzed.
Probably didn't know then they went to the same church they never met before.
Mitt -- he can come over Christmas.
He brought his voice.
His wife and gifts.
Later on he said I know you're struggling mark don't worry about -- college I'll pay for.
When mark -- the story because you know what Mitt Romney doesn't tell these stories the Nixon's told a story when he told his story.
He said it wasn't the help the cash -- it's that he gave us time and he has consistently.
As a man who gave 30% of income to charity more than the two of us combined.
Iran is a good man.
He cares about a 100%.
Of Americans in this country and -- with respect to that quote.
I think the vice president very well knows that sometimes the words don't come out of your -- the right way.
I always say what I mean to hit.
-- not want rob everybody succeed.
We -- get people out of poverty in the middle class -- -- -- self sufficient we believe an opportunity in upper mobility that's what we're gonna push for a Romney administration.
But I have a feeling and a few things to say yeah.
The idea if -- heard that that.
Most lucrative 47%.
Think he just made a mistake and I think here.
I think I got a -- attempts to sell it.
Solemn look I don't doubt his personal generosity and I understand what it's like.
When I was a little younger than the congressman.
My wife who machine next to my.
And my wife and my two sons survive.
I've sat in the homes of many people go through and I get through because -- one thing you give people's policies.
To know -- they know you've been through it as they can make so I don't doubt his personal.
But you know what I know he had no commitment beyond what automobile industry.
He just like he says letting go bankrupt.
-- to drop out all this talk we saved a million jobs 200000 people are working today.
And I never meant to guys who were down on America across the board.
We're told everything's going that is five point two million new jobs private sector jobs we need -- -- five point two million if they give out of the way.
If they get out of the way and let us pass his tax cut for middle class make it permanent.
They get out of the way impasse that pass the jobs we'll figure out where you let us allow fourteen million people are struggling.
To stay in their homes because the mortgage is upside down when they never missed a mortgage payment.
Just get out of the way stop talking about how you care about people show -- so.
Shall -- a policy.
Shall -- a policy where you.
Take responsibility and by the way they talk about this Great Recession but fell out of the sky like oh my goodness where did come from it came from.
This man voting to put two wars and a credit cards to -- the same time -- the prescription drug benefit of the credit card of and trillion dollar tax cut through very -- I was there I voted against that Weis said no we can't afford that.
And now all of a sudden these guys are so ceased and the concern about the debt.
The -- creators when Ryan.
Let's not forget that they came in with one party control.
When Barack Obama was elected his party controlled everything they have the ability to do everything of their choosing and look at where we are right now.
They pass the stimulus.
The idea that we could Barley earned 31 billion dollars spend it on all -- special interest groups and that would work out just fine.
But unemployment would never get to 8% it went up above 8% from 43 months they said that right now -- we just pass the stimulus.
Economy would grow at 4%.
It's going of one point 31 could you get it below 6% that's what our entire premise of our pro growth plan for -- middle class is all about.
Getting the economy growing at 4% -- twelve million jobs over the next four years look at just.
The ninety billion dollars in stimulus in the vice president was in charge of overseeing this.
Ninety billion dollars in green pork.
To campaign contributors and special interest groups there are just at the Department of Energy.
Over 100 criminal investigations and have been -- his house the go ahead and I had asked.
Martha look his -- -- parents and investigative committee.
Spent months and -- -- -- going to the inspector general I would -- months they've found no evidence of cronyism and I love my friend is there.
I have -- not -- -- -- letters but -- our website and send it to letter saying by the way.
Can you -- -- Mason stimulus money for companies here in the state of Wisconsin we -- millions of dollars.
You know is sitting ducks for stimulus -- rented by the way he could create and we had we we advocated for constituents were applying for grants.
That's what we do.
We did it all constituents where I love that I love that this is such a bad program and he writes me a letter saying -- -- -- -- -- sent the reason we need to estimates it will create growth and jobs.
His words and now is -- you're -- to -- -- by the way.
That program again investigated what the congress said was it was a model.
Lesson four tenths of 1% waste or fraud in the program.
And all this talk about cronyism they investigated and it did not find one single piece of evidence I wish she would just tell them.
A little more camp was -- a good idea to spend taxpayer dollars.
Unless your cars and -- -- and Windmills in China.
Was it a good idea to borrow all this money from countries like China.
And spend it on all these various different interest crew.
-- a good idea was a good idea Moody's and others said that this was exactly what we needed to stop this from going off the -- it's set the conditions to be able to grow again.
We have in fact 4%.
Of those green jobs didn't go under.
They're the world when one -- -- work to better batting average investment bankers have -- about a 40%.
Right where -- five million green jobs that were -- I'll I'll.