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FNC’s Juan Williams discusses the president’s response to a faltering economy and how it will impact the 2012 election.
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America's economy.
Clearly in very poor very weak shape that's a big problem for President Obama.
We just four days away from the next big reading on the overall state of the economy.
-- that's the GDP Norma growth is expected to slow to an annualized one point 5% or even less.
Fox News political analyst Juan Williams joins us now from DC.
Hard to paint this as as a positive for the president's.
The economy really is not performing how do you think the president is gonna try to spin this forgive the use of the would spin.
But what's his approach going to be to a to a declining economy.
Well clearly -- point overseas in say that the US is in fact trying to work with Europe to prevent.
I -- European collapse that of course would have consequences you were just talking about in terms of for example.
A quintessentially American company like McDonald's which is struggling because.
A -- overseas performance.
Again tied to what's happening with the Euro and the need for this potentially for Spanish bailout.
So that kind of issue is when it says the US is involved we are taking steps where global leader.
But this is not about specifically the US economy or steps that have been taken or not taking here in terms of spurring on an economy on the home.
-- product you know there was another report out today which says just before the election the census department releases its report on politics.
Undated the analysts are saying look we're gonna have publicly at a record level.
Over fifteen and a half percent has never been as high as that since the 1960s.
And that's because solve.
A very slow weak economy in a very weak jobs market.
That will be a politically dynamite.
Against the president right before the election.
Well poverty has been hired now for a long time -- -- right it would be at -- level that we have not seen in about fifty years.
The question is you know what steps can you take to deal with that he's been particularly the president's been particularly hard hit in minority communities.
In the black community is you know the poverty rates now about 25% Hispanic Tony -- -- -- 3%.
But those are people who -- -- -- going to vote for President Obama.
So that's not the issue the issue is the perception that again that the economy here is not good the recovery is not.
Proof progressing -- its stock.
But what's the president's plan for growth I mean growth is what we desperately need growth in the economy gets us out on the overall problem and the jobs problem.
His solution the president's solution is to spend more government money.
And keep spending on things like unemployment benefits and food stamps.
The other side of the coin is stimulate the private sector tax reform.
And get things moving don't know yet you'll -- -- but I'm telling you.
The way to stimulate the private sector is lower tax rates get rid of all these loopholes by all means bring in more money to the treasury and get private enterprise go and that's not the president's hands and that -- it.
Merrill was there I love your language you know stimulate the private economy how could anybody argue with Stuart -- but what an idiot but let me just -- the -- for a second.
And say.
Gee -- Stewart Mitt Romney has no ideas other than the ones you just articulated lower the tax rate less regulation -- if I'm on the Obama team -- I'm David that's right I'm David -- what do I think it.
Oh you know what you guys just wanna go back to the same policies that got us in this mess in the first place Boca maudlin a lot of on how -- innovative ideas -- -- -- you haven't particularly London morning.
What -- saying fought -- Smart guys can't and we both it was just step aside from politics and ideology for a second what do you think's the best way to get this country -- What does it.
Oh and I I don't think there's any question right now the big sag is in the -- in the public sector that states cities are on the brink you know how many cities have declared bankruptcy recently got something has to be done to stop the bleeding there.
So I think that you do have to invest some government money.
In terms of helping the states out you want to do -- -- that allows them some flexibility some sense of sovereignty you don't wanna take over these places.
But you wanna stop that and I think that does require spending it'll be postured by the other side as another bailout yes it will or stimulus spending.
And -- -- becomes highly politicized but if you're asking economists.
About this issue that's what you hear.
