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Former Sen. Phil Gramm, (R-Texas), on the huge spending of Obama’s economic policies with no success.
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Republican -- -- here to -- Be careful guys are on the verge of having defeat from the jaws of victory tonight former Republican senator and presidential candidate Phil Gramm.
On -- the grand old party better start speaking with one voice and a forceful voice -- that.
Cut spending the senator -- and is a magnitude we appreciate him a big admires -- he is the rest of -- Sent a very good to have.
Thank -- -- good student you what's happening imparting their fighting likely well.
-- look we're we're dealing with the issues that are important.
The country's in trouble.
We've got the most disappointing recovery of the post war period if we were recovering from this recession.
At the rate we did on average from the -- and ten previous post war recession we have thirteen and a half million more Americans -- war.
We have 4500.
Dollars per man woman and child the country's power for -- real income.
And yet we've got a president who in the budget he released on Monday says if you reelect me and 2013.
-- -- do exactly the same thing.
The president has spent more money.
In any leader of any country in the history of the world to virtually no effect.
Everything he's swapping all likely candidates in polls polls over it today but consistent -- -- he's the guy and from the moment the moment well look.
I know this and this is not I don't agree with the president's.
Philosophy.
But I'm I know this bit if you do some and it doesn't war.
That.
Why -- leaders try to change what they're doing.
I mean even in 1980 I'm old enough to remember Jim recorder in 1980.
In 1980 it was clear the quarter program wouldn't work.
So very much to pros recorders credit he tried to change policy was too little was too late.
But I guess a thing it's frustrating to me and I think -- creating all lists tension in congress'.
We're we have followed a program for years by any definition of success in his -- -- He's -- yeah we've built -- going down that's right and I would you try to put a limit on this people forget -- -- zeal to.
Control spending -- decades ahead of that -- Gramm Rudman which meant to put limits on how much congress -- stand and and actually put.
Guideposts.
He opposed to do -- want stopping in congress still found a way around that some can you blame Americans.
From being cynical.
Well I can blame Americans I don't blame Americans for being unhappy I think they've got to find a constructive way to express or an act -- look here's where we deal.
In 2000 eight Americans voted.
For higher taxes the most productive members of society for greater involvement in their lives and health -- -- banking and energy.
And in 2010 and they said stop it then so you got a wagon you got to mules they both got different directions.
And they're pulling 100 million degrees out of it's now.
People look at this situation -- unhappy about it what's wrong with government but the plain truth -- -- That Americans have got to decide.
Do we won't more freedom more opportunity with a limited government or -- we -- more government.
Which means less opportunity and less free but senators you know the president's going around -- Because of my government efforts.
We are doing as well as we are not great but certainly a steady improvement -- so he's actually using that.
To his advantage now the -- numbers of the same might not be.
Final but it it's -- that Americans at this point at this point if the trend continues agreement.
Well look.
We had two point 8% growth in the fourth quarter.
It felt good compared to one point 7%.
Quarter before and one point 5% quarter before.
But at this point in the Reagan recovery the economy is growing and -- -- -- A third of that two point 8% growth was inventory replenishment.
So where if -- -- the -- -- not be a little cautious about what I was so.
-- -- -- wanted to be a pick up there you know why I think.
That there's a real chance that the first and second quarter could be inferior to the fourth quarter and the fourth quarters not something you -- do you mom home.
I got to get a sense though that -- The wind is that the president's -- that that that there it's not great.
But it -- steady and that's -- he's been targets steady I don't know wouldn't say Citi I would say that the improvements.
In the fourth quarter.
Have created a little bit of optimism but I want to remind -- back in the middle agers.
When people seeing cities.
They would often spread rumors that relief was on the way the people in the city would be there are still -- of food celebrating.
They would get all up in and help didn't come they would collapse and surrender.
So this cuts both ways you were also like about it and it's.
As saying in the Middle Ages you were there for that as well well one there read about it and now realize its relevance.
-- today and I think the risk the president takes and look it's his -- -- good time rewards to this still America.
But the risky taxes.
Is about taking too many ballots now.
Not only is what he's back now going for something that has never been acceptable to Americans two point 8% in recovery.
We're still wouldn't.
Four point five million jobs less -- we war for years ago when the recession started never have we had four years.
In a recovery quarter you've had fewer people implored them when the really -- network down on an adjusted critics Florida a little bit more let me jump.
