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Today's market -- wasn't bad enough the economic numbers just keep coming in jobless numbers higher than expected existing homes -- down.
Philly Fed -- -- terrible.
And yesterday the Fed slashed its long term expectations for the economy.
So longer can we keep going like this and what this mean in November for more on this -- and -- He's chairman and currency thank you so much for coming on chairman.
-- -- -- -- -- So -- is said to me today boy I bet you know the Republicans are really cheering at these numbers -- so happy to see the economy fall apart that's not true right.
No it's not true at all Melissa I mean this is not the way to make the case we don't want -- see bad things happen in this country but unfortunately.
We have come to a place that we need certain.
In the marketplace we need a president that who knows how to make a promise and keep a promised.
And I think it's time for us to realize something that this president doesn't -- -- on up to we need to make tough adult decisions in Washington.
And instead of -- thing.
You know when that when the debt commission came -- was with a plan.
The president was and wasn't anywhere to -- -- when the super committee got together.
And a debt reduction plan and an economic stimulus plan the president -- -- to be seen when Paul Ryan came forward the budget.
And the Republican support it whether Democrats do so vilified.
-- -- because I have this argument earlier today and you know the response was well the president wants to create a million jobs with his jobs bill Republicans are standing in the -- and he's got a million jobs ready to go and here you are complaining about the economy you know.
Yeah it's the same -- the same shovel ready jobs that he promise after we spent a trillion and poplar it's.
-- his stimulus plan that didn't work I mean the problem is the president's position on this is pretty clear.
He thinks the private sector is doing fine.
And the real problem is is that we need to spend money cordon of the president Jay Carney.
We need to spend money and municipalities.
And local governments across America so that we can create more public sector jobs.
That's not going to war.
Why don't why the market and why does -- you immediately hire firefighters teachers why does that not work.
Because the problem we have is that we've got local governments and state governments -- across the country Melissa that are upside down financially -- the reason why Scott Walker.
Had to go through what he went through was that fact that he said luck.
We need public employees the paid just a tiny bit mourn their pensions social security and what happened.
Mean the unions turned it into -- world war three because they were willing to pay 5%.
Toward their pension and 12% toward there toward their health care and what people in Wisconsin and people across America are saying is this.
Is -- and liberty and freedom can't get swallowed up by the size of government it doesn't work there.
Their economic that'll work are you so sure that about economy would be better you know from an election perspective for Mitt Romney -- was -- poll out of CNN today that said.
That which candidate better understands how the economy works 45% picked Obama 45% -- wrote Romney.
Mean maybe I don't but go ahead.
No one wants a bad economy don't want -- are.
Our country comes first but I'll tell you that we have a president who's whistling past the graveyard.
And on top of it it doesn't follow through on the promises that he's made to the American people those two things together.
I think spell disaster for Barack Obama you can't make promises about the debt the deficit jobs and everything on the face of the earth.
And not follow through on anything Melissa what's Mitt Romney's number one idea to create jobs right now.
Well first of -- he believes that he we need to extend it to -- extend the Keystone Pipeline.
We need -- we need to reduce small business taxes from 3525.
We need to revamp our energy policy in this country we need -- bring certainty to the marketplace which is important.
And and I think all of those things together are things that will.
-- choose me enhance and spur on the economy.
To add the kinds of jobs that we need to add in this country and it's not just that it's a lot of things.
Those are just a few of the things that he's talked about point 8% tax rate cut across the board.
I think ultimately though Melissa.
This can't be answered in a and a sense it's all about leadership it's above bringing certainty to the marketplace.
And it's about giving the confidence that people are out there with.
You know couples and and and and partners out there that wanna start businesses but they -- and all that if they start a business today.
They're not gonna get clobbered by -- government tomorrow both of obamacare and regulation and everything else that makes it very it makes it very difficult.
chairman it is sad thank you so much for coming on disabling very nicely into our next segment here -- appreciate that set up thanks for coming on.
So look kind of -- -- forward to hearing from John okay.
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