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-- at night it was the Congressional Budget Office no less that today full cast -- jobless rate above 8% through 2014.
And an eight point 5% right on the day the president stands for reelection.
Now we're talking a very big shift -- -- forecasting an era of low growth and high unemployment and era of that.
It's the exact opposite of what we've had for a generation.
I say the president cannot win.
We'll Democrat strategist here Austin Powers give me a fight on -- will conservative commentator Larry -- whole heartedly agree with me.
We'll take a moment of time just -- -- for us I say He can win and you say.
I would say it's going to be a tough race I wouldn't go so far as to say He can't land I think it.
The Republicans had a really strong candidate He would be in major trouble.
The the the reality is that that Republican field is very fractured right now and and I don't think that there's a clear.
Person you a is -- strong enough to beat him and be that people get behind him and and what I mean by that is I really -- the only one who could beat him is that Romney.
But his support is very very soft.
We wish you a lot what you I'm going to honor I'm going to take that as wholehearted agreement with me last -- Larry do you wholeheartedly -- that He that He can't win.
I wholeheartedly agree that He ought not win based upon the economic performance the last.
Two and a half years Stuart we're talking about unemployment this -- -- nine point 1%.
Tepid GDP growth this quarter in the last quarter four trillion dollars of that new spending.
Green investments -- have enough borne out He ought not win but look this is the whole year away I remember when.
George Herbert Walker Bush was sitting on 90%.
Following the successful first Persian gulf war I it ended up losing to look up Fella named Bill Clinton.
-- eight point 5% on employment.
That's the full cast from the Congressional Budget Office no less than that all authority eight point 5%.
You think terrorist.
That this president could actually win -- eight point 5% unemployment rate He is saying that He could went.
We actually eight point five is less than it is now right.
And I think that that's.
And I think it is what it -- long as people feel that there's a trajectory going in the right direction.
Then then they may feel that okay we're we're going in the right direction and I wanna stay with this guy.
Okay this commitment and I just throw this out jump started all of you about this but I and -- tends on the it looks to me like we saw it and this is what the CBO forecast an era of low growth high unemployment now that's is Europe.
Do you secularist and that we're gonna vote for a president who takes it down the European road but -- clearly not Europeans what are Americans c'mon.
Well I think -- He is not that has never been has plan.
And as long as people feel that the unemployment rate is going down going in the right trajectory.
That will work to his advantage that said I really and I've said this before He is the sitting duck right now with with that with the economy what it is.
People very dissatisfied.
An eight point five is not gonna have people cheering in the streets you know I think that would be strong candidate He could be -- I just don't see.
A really strong candidate right now in the Republican Party.
I think you said in the past there were probably could be about to let me let it bring in Larry Ellison by the US and they're londoners are Larry Stewart Stewart -- -- in a definitive.
Pearson said that going down the European -- was not Obama's objective of course that was.
He fed where He -- start from scratch He have a single Payer system like they have in Canada one of their top supporters Andy Stern from the SEI UE unions said yet Europe may have a little bit higher unemployment that they have left in equality that is the democratic way.
Ronald Reagan inherited an economy that was worse than this one but by unemployment by inflation.
In by interest rates He did the opposite of what President Obama has done.
-- at this juncture in his recovery we were sailing along at 67%.
This president has been an absolute disaster but do not -- Stewart the ability of the media to prop -- up -- -- said if unemployment eight point five -- less than it is right now if planet working economy was just so bad that took a little bit longer than we thought but thank god we got Obama there and we're at eight point 5% do not underestimate the ability of the mainstream media to make that argument tourists and.
I'm sure we have noticed that I have an accident I'm sure you've noticed that I must've been born and raised in Europe -- we got that.
Do you Kirsten -- do you approve.
Of making -- just you personally now.
Put politics aside.
Do you approve of America going more a more a more like Europe.
Do you really.
Now up to did it even I there are a lot of great things about Europe but the United States is a unique country and it's and there are a lot of great things about it.
That are different from Europe and now I've I don't don't want us to go Europe's way -- and a lot of different ways but I'd like to point out that you know Andy Stern an SE -- is not President Obama and it is not the entire Democratic Party and it -- that is an end in saying that you want -- single Payer system like what Canada which by the way is not you're a bit.
I don't know when you -- Americans don't wanna call your chances now what what American goes Americans go to the polls to vote for a president they think -- big picture -- they think the general direction of the country how it looks how it feels well wind going.
I I say it again I don't think He could win with eight point 5% unemployment look at more more like Europe last -- -- you have the last would just and that another last would allow.
-- go ahead.
It depends on June he's -- gets -- -- it -- down to that tend to -- I don't know if I then I think whenever I think Mitt Romney could meet him I'm not saying He wouldn't be hand but the men men running have to get out of -- primary where He is not very popular with.
With the Republican based voters and so you know that's it remains to be seen is is who would end up with nominee I don't think Rick Perry could be Larry.
Last word to you I am shocked that you on the whole heartedly agree with me that Barack Obama -- cannot -- I wholeheartedly agree with you one more time Stewart that He ought not there.
Obama -- taxing the spending going the opposite of what Ronald Reagan did when He cut taxes He at the regulated the economy continued deregulation policies.
And he's slow down the rate of domestic spending we had the opposite result.
What we're having right now that the American people were looking at it logically -- He ought not get reelected but 52% of Democrats have a positive view of socialism.
That's how they think that's how they reason they've got no problem Stewart.
Going in the direction of Europe I think they have -- problem I think I -- our product and Kirsten they have a problem.
Both Democrats though it was a little wishy washy from both of you but we do appreciate your first appearance on the body and I ladies and gentlemen thank you very much indeed -- and Larry good stuff thank you.