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-- let's get back to the latest poll on president Obama's job approval rating there -- public disapproval on the economy.
Turns out 55%.
Disapprove of his performance that is the highest disapproval level so far this year what is simply.
President Obama is losing on the economy some say he's losing his grip on -- off.
Fox News contribute -- -- -- is in Washington you know Chris that is a pretty harsh judgments.
When you start saying that a president of the United States he's losing his grip on power I would certainly say that the week the administration is losing its cohesion.
And its ability to make -- will felt on the economy and everything else what are you -- Well here's the deal.
It should hate June -- more than any other month that should be his least favorite because we've seen this movie three consecutive years we go back to this recovery summer.
-- of 2010.
Last year we saw the same thing the green shoots of spring time and winner.
Give way too bad news in the summer time.
This -- has been the worst yet in a lot of ways because it's been compounded.
With in addition to the problems with the economy.
These other things the holder probe.
We're waiting for the health care decision there's a lot around the president right now that makes him look like.
He is exactly what he doesn't want to be in a re election year which is maybe not that relevant to the discussion.
That we follow the -- -- tracking poll very closely because he polls likely voters that's very different I think from registered voters.
He's shown governor Romney in the lead in the head to head race with Obama he showed him in the -- for fourteen straight days the latest is by five points.
At this stage in the reelection race.
Is that -- is it possible for the president to pull black on those polls.
Oh sure because what's gonna happen as.
-- focus now shifts is at some point shifts to Mitt Romney Mitt Romney's greatest advantage in this is what happens and every presidential reelection cycle.
Is that at a certain point this legal layer turns to the challenger and what about this guy -- who is he.
And then is can he withstand the test.
Stewart the truth is every presidential reelection is about voters answering to questions first do you want to keep what you have and second is the alternative plausible.
Looks like voters are pretty conclusively reached a determination on the second question.
But at some point out there in this summer and early fall the -- will come on Mitt Romney and then the question will be how can -- how can he withstand.
All the economic indicators that we received this week when negative all of them essentially show a weakening economy now I'm projecting forward to next month's.
There's a big jobs report coming within the next three weeks some are saying that it will see the unemployment -- go off.
And job creation virtually at a standstill that would be a huge negative at a crucial time for the present your judgment.
Why don't want to get into your area of expertise but here's what politics tells me about economics.
And that is.
The rate of growth GDP growth -- this unemployment rate are too great statistics to look at.
Ronald Reagan was able get reelected with high unemployment relatively speaking because the GDP rate in the especially the second quarter is so crucial.
That is do people feel the momentum do they feel it going right -- -- way Reagan had GDP of over 7% growth.
People felt good and they were less concerned about the high unemployment President Obama now with what the federal -- said with a one point 9% estimated growth rate.
It's not -- experienced anything remotely like that.
I think you gotta interest because that's the point is it's a sense of direction which direction we go -- -- Walt excellent and we thank you very much -- -- again soon please -- -- You -- have a great day.
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