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-- right now to the big speech 300 billion dollars that's what the president's expected to ask for in this new plan to stimulate job growth that supposed to contain a mix.
-- tax cuts and spending but doesn't have any chance of actually passing.
Our next guest right about the president's speech and many speeches in yesterday's Wall Street Journal -- Lagarde as vice president and News Corp.
Parent company of Fox Business Network and joins us with more bill -- -- being here thank you.
You weren't you just -- you talk about many elements of the speeches that he's given but there in watching -- People automatically gravitate to the big stage even if they have very little to say and that could really shine a light on the possible in penis right of what provided -- -- In fact in this case I think the reason for the big stage is that there's nothing to say that's how the beltway works because.
The regular jobs speech by President Obama at this point I don't think it would get that much attention -- need to be before a joint session of congress to get the networks in the TV coverage.
And you know networks and getting attention but if you have no message.
It's not a good thing.
You're basically saying there that the whether it's the president or anybody else there's basically nothing that can be done.
In the short term to get job growth going again in -- you massively increase the deficit.
Some sort of big stimulus program that there's no support for would that help though if they could if that.
Hypothetically was able I don't think that would help right we go back to this stimulus you know we were told that unemployment would not go over 8%.
If we pass the last stimulus it's over nine we were actually told that unemployment at this point.
Would be about six point 3%.
So we spent all that money we didn't get those results I don't think spending more we get the results.
Even if you did the right things some right signals.
I think it would take time for it to work through the economy.
But at this point the president can't do nothing.
Can you just sit by silently since He is running for well you know what I think the one thing He could have done the irony is I think in July when He was negotiating with speaker Boehner.
They were talking about a grand bargain would -- be real entitlement cuts.
And being -- -- give was He was willing to talk about revenues Boehner thought that the the growth would produce those revenues.
For President Obama it's a way to -- raise taxes and so forth so I think He had the Genesis of that and -- came back and got greedy and asked for more.
And and loss that that's one thing that could have been a good signal to the market we're getting serious on spending He would have looked like He was serious on spending in a bipartisan way.
And so forth I think he's lost that.
Now what about this whole idea of the -- the stage the smaller.
The president comes across -- basically the title of your editorial -- in the journal I'm sure supporters of the present it's a boy's come up big in a lot of situations be a -- a campaign or the speech she made in Tucson when there was a lot of pressure on them and a pretty good reviews that's come up they got big status now.
I'm not so sure if you look back if you look back this -- is always had a taste for the grand even when He wasn't president.
You know we have the styrofoam Greek columns -- -- eventually we had a few -- presidential seal and so forth now when you're new in your challenging people read into that.
It's just getting flatter and flatter and when you keep coming back to the same well in this case the house well He just have diminishing returns second related to substance.
If you can't do anything if you're giving a speech about Johnson called for and nothing happened to just make yourself look weaker.
Did the speeches themselves the way they -- written.
Because I feel like I've eight at when I hear him speak over and over and over again it's the same -- and right the same phrases it's the same language.
It's invest now not spending right stimulus it is not -- your stimulus that had been and continue to have it that's a four letter word now it's the hedge fund managers Baghdad since the evil oil companies.
I could make it takes very little in at least make something out of -- -- better language.
Right I'm not sure about I mean speak up for my fellow speechwriter for Steve on the outside of the language.
As the speech is always the president's fault He gets a credit if it's a great speech He gets the blame if it's not a good speech He is the final say.
They are doing what He wants it's his choice.
And if he's not she is his responsibility and not hi my impression of this president is that He is directing a lot of these decisions that.
That it does come from him so I -- I don't think it's a matter of finding gimmicks for language in the end substance matters and we'll see what's what's substance there is Marta entitlement current thank you very much thank you familiar welcome -- Thomas great saying thank you.
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