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It was well.
The chamber of commerce in the AFL CIO held dueling job -- today in an even bleaker economic climate.
The average out of work Americans ready for -- spends nearly forty weeks unemployed.
Close to an all time high with no sign of decreasing in the near future could the Obama recovery.
Be worse than his reception the Wall Street Journal's Stephen Moore joins us now.
From our DC bureau Steve it's a pleasure to welcome here a judge great to be with you what did you think of the president's comments earlier today.
Closing the gap that -- John Boehner talked about or widening the gap with his demand for new taxes.
You know one of the most interesting things that he said today I don't know if you caught -- -- but.
He was asked about the stimulus plan and whether he thought it worked in the press conference and he said oh yeah this work this got us out of there.
Crisis that he any even intimate -- isn't directly said but he said.
If it weren't for those Republicans that want to do another stimulus plan that's -- I think that Republicans and Democrats are so far apart right now when you got a president actually pays 800 billion dollar stimulus plan worked and we at one point 2% unemployment.
I mean there's a detachment from reality they are -- Outlook I think taxes have to be off the table there is no way we can grow this economy if during these duck talks they're talking about all these new taxes which is you know judge would be right on the backs of employers and businesses which are the people who signed the pay tax.
Well absolutely and I must say it is apparent that the president does not read the Wall Street Journal.
In fact it almost -- that you got to read any newspaper at all if if he thinks that these giveaways of work unemployment has doubled since he took office and -- -- statistic we talked about and introducing it was.
Forty weeks on the unemployment rolls is -- the average that it hasn't been that high since the early eighties since like -- -- -- -- Reagan's term.
Right let me say something one of the reasons the duration of unemployment has gone up so much has because they.
Bid because President Obama continues to extend unemployment benefits right when you expand unemployment benefits I don't care what all of the -- liberal economists say if you pay people not to work.
Guess what I judge they won't work and so we've actually made the unemployment problem a lot worse by giving people two years of on the unemployment benefit.
All right the AFL CIO the chamber of commerce Tim Geithner the White House most Democrats some Republicans they all want the president to go out and borrow more money.
No matter what the consequences -- -- the -- except my argument.
And then to be candid Q and I've talked about this many times off there that now is the time to make this decision rather than too different to another day.
Well well if you mean that we should not ever raise the debt ceiling of it out not so sure how that would work judge -- -- it sounds appealing to me I like the idea but of closing down a third of the government I don't think we need to -- education Department of Commerce I don't think we need to Department of Labor.
And I don't think we need dot you know olive farmer subsidies and so on so there's a lot of government we could do away with.
I don't know if we could get a lot without passing -- debt -- right now the problem is to hedge or Broward forty cents for every dollar that we.
We -- spend right now that would be pretty yet cold -- sent to say no borrowing.
If they if the president were to spend money.
The way he has been spending money that forty cents will only continue to grow Steve right.
Well you're right about that I completely agree that's why you know what I think I am I thinking as.
The most important thing about any doubt reduction deal has to be.
Iron -- enforceable spending reduction targets so we bring spending down from 44 point 5% of GDP which today is.
I -- an all time high in American history in April were to it is to get that down a 19%.
Do you think that this White House where they president ideal ideologically committed to the central planning of our economy.
Is capable of finding common ground with the Republicans or do you think that this White -- terrified of it's liberal base by reducing.
Spending on social programs.
Yeah that's a great question I think I think I would go at the latter I think this president is so doctrinaire laughed.
And so captured by these liberal interest groups environmentalists the extreme.
-- labor union leaders that he is almost incapable of reaching a compromise with Republicans in terms of cutting spending that's why I mentioned to you at the beginning of the segment.
'cause it's whether they want -- place that they if they want economy -- -- -- -- another island billion dollars more spending if you're gonna.
An infrastructure bank got it it it doesn't compute to him that it got to bring the spending Donahue at the -- to go to.
Are are you worried that Republicans might agree with the president that they might not understand that higher taxes equals more unemployment.
Because I accidental fall on the shoulders of the people who create jobs.
I think the Republicans understand that I think got what happened this week this past week -- I think.
This happens when Republicans get in these closed door meetings with the White House I've seen this for 25 years they get seduced.
By taxes I think that's what happened -- John Boehner and he went back to his Republican caucus and they set you crazy job or not voted for a tax increase their bottom back to reality but -- -- don't -- put something in the water the White House or what.
But -- -- -- the -- with so many Republican leaders that gets seduced by the -- -- Democrat president.
They gotta have those meetings outside the White House did aren't always a pleasure thank you for joining us rate to -- with -- --
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