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All right after two years of policies that are just not working Democrats are still sticking to the talking like that quote they inherited this recession but the democratic leadership team has been in office for decades -- -- the US economic decline.
And so far the only remedy these lawmakers -- prominent administration seemed to be able to prescribe for a floundering economy is get this of course more regulations or taxes or government.
If you check all the major market indices these days.
More government is not getting us out of this ditch here now to discuss -- the freedom fighters Fox Business anchor -- very smart colleague Charles Payne.
Newsday columnist and Fox News contributor Ellis Henican He is a very shrewdest.
Server and -- as financial advisor Lenore hawkins' -- is lovely nor Charles first -- here's what happened Charles Rangel has come on.
The Fox News and said we inherited this recession let me give me the breakdown we're gonna show -- -- Vice President Biden Charles Rangel himself.
And have been in office since the Nixon administration.
Max Baucus has been around since the Carter administration below -- Harry Reid -- employer Barney Frank have been around since the Reagan administration.
Is this -- lame old tired you know kind of theme that they need to -- yesterday.
Absolutely it's land that's tired and it's pathetic and you know Nancy Pelosi of course He was in charge of congress when when the deficits started to really swell and go parabolic.
But it's also lack the leadership -- you talk about the markets right now what's going on -- we see as a vote of no confidence and mostly in the administration but also Washington in general but without a doubt.
There's a lack a leadership and now that lack of leadership is seeping into the overall -- of the that the country if you will.
And that's why everyone's wondering will -- be a double dip recession but the notion that somehow they have no responsibility.
That's when you -- for the office for that's what you run four to accept blame it to accept credit when things go.
Are right Ellis I mean we've heard the bid that that statement that the president inherited the inbox and help we get that the American people understand that they wanna give -- a break we know that.
But the American people the folks out there they want heroes they want leadership they want somebody plant a flag and say let's do it let's get -- -- let's get going.
The fair fair fair enough I like that in bucks from hell of notion that's a good a good concert two things -- true civil it is right that He was He that a band low would -- -- right you look people jobs that will lost during the Bush Administration they coming back much too slowly now but this isn't really where they will clobbered.
-- -- adamant -- no net job creation of the Bush Administration but every a lot of presidents can say -- inherited a recession going back -- that -- depressant FDR.
In our PV 20 the figure is that surplus when bush came in the big deficit we look but none of that really matters.
Barack Obama's the president now presidents get unfair credit when good things happen and unfair blame the bad things happen it is goes with the office and truly.
He's the one whose name and -- is on the line right.
Our it's a Charles you know especially I mean I think the American people.
-- that -- they are stepping up now and they're watching.
Like never before what's going on in Washington DC and by the way also in Europe.
How worried are you that they misdiagnosed what is happening and instead of calling this -- Great Recession incidents that.
In Washington this is -- a store crack up we should have to focus on jobs first it was three bubbles bursting at the same time.
Well there's no doubt the that the president squandered He -- businesses majority -- and focusing on the health care acted there's I think everyone would agree to that.
As far as did historic portions and this this and I it.
Did this recession never went away for for so many people in this country -- -- really semantics whether to double dip or not.
The jobs should be the focus unfortunately -- really nervous really scared that the president's gonna come back from that long vacation are I have anything and so.
You can't we have time to get to the super committed because this is an important issue Ellis that's going on this -- protect committees let's come up with one point two trillion cuts.
But we're finding that -- track record Ellis has not been so hot they came up with an average 82 billion in cuts.
On the Republican side in a -- -- sir one and one in a quarter billion truly trillion more Hispanic is a lot of -- mayor exceeding cosponsored a -- single Payer system.
Is a track record so poor for the tech committee that they may not be able to do -- -- may not be able to come up the key.
Well the track record is to pour and is great ideological division between them members to with that but this one reason to be optimistic and frankly if you look -- about it.
Because it would be so -- right they are not able to make a deal those kinds across the board would be devastating.
In -- -- got so caught up here and I've please accept my apologies I want you to weigh in on what you think about the deck committee and whether they can do it can they stepped up.
One -- is a very unlikely that they're gonna step up and to that target is ridiculous.
The amount of cuts and they -- mineral cut -- -- Washington cats whereby.
An -- -- in the rate of increase is considered a cut.
Even if they were to make this supposedly for a trillion it's barely -- -- rounding error on the problem.
Oh lord or here's the issue we that we went through the numbers for what these -- gentlemen and women on the -- -- -- -- committee.
What their track record has been and their track record again.
We've seen time and again has not been so great when it comes to cut.
For example let me give -- some -- some examples here none of the three house Democrats who backed the bills have backed bills with -- cuts in spending senator baucus has not sponsored a bill to cut spending this year and senators Kerry and Mary are only offered 629 million lower case and and cuts this year are you worried.
Yes hello this is -- group and that truly believes that economic principles dictate.
That the way to solve the problem is for government to spend -- more for government to increase.
So we're asking them to do is actually to go against their most core belief.
-- final word to Charles Charles the Democrats on the committee got 42.
Million dollars and pac money over the last decade the Republicans 29 are you -- or is this just more of the same that we can expect that you know there's gonna be political influence from lobbyists here.
And I saw the -- first thing I do look up all the the donations and you see law firms you see pharmaceutical companies you see the same thing only Pat Toomey club -- growth but I will say.
Already this looks like a big role ball will roller roller derby on steroids I mean that's this is going to be a match up anger frustration.
I don't see anything coming out of the -- I think they're bought and paid.
And a word He worried about it or you think we're gonna get negative headlines you think they're gonna step up.
Well I -- is very hard to articulate a plan now that all twelve these people can agree with but I gotta tell yet not -- these disasters and in the end.
I think we can -- actually and there is togethers and get ready for the triggers that's all I know right -- yeah.
You are right.
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