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Former Gov. Mike Huckabee, (R-Ark.), on how the revisions to the jobs data impacts the Presidential campaign and France’s decision to raise the tax ...
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Hello everybody have -- -- men in for Gerri Willis the recovery.
Well let's flat lining the jobless rate has been above 8% for more than three years the -- -- Obama is getting a well -- bump.
Care of the Labor Department revised data showing more jobs have now been created -- lost since the president took office.
Does this hurt Mitt Romney's argument.
Let's -- one.
Governor Mike Huckabee market but does it could be on the Fox News Channel governor it's wonderful happy oh thank you Laura great to be here what do you think of this job tradition at first blush it seems to be a nice boost for Obama.
If Obama it is looking for any thing this is the lifeline he's got but the fact is a lot of the jobs that have been created.
Our jobs that are being created at a much lower pay scale -- the jobs that people lost some 30% lower so the fact that people have -- Got a job doesn't necessarily mean they're better off height the key thing is that median household income is down by more than 3000 dollars that's the real issue.
Absolutely -- -- incomes have -- talking about flat lying down one of that crises of the jobs problem in this country that's been under reported I'm glad you mentioned it.
Tell me what you think the run your response should be because so far it's been just to tout the -- out package try to be stimulus in 2009 but.
Should be the labor participation rate too because that's been tumbling fine we're creating jobs that people are dropping out of the workforce left and right.
Well and they're leaving jobs that paid thirty dollars an hour and taking jobs that pay twelve dollars an hour because that's all they can find.
I think -- Romney team needs to start being very specific about what these economic numbers translate into.
And I would say there -- many of you out there in the country.
You've lost 3000 dollars of your effective pay.
But you're paying twice as much for gasoline here utilities are up your health care is up double digits you know this I don't have to tell you your feeling it.
And yet the president is telling you that you're doing well and the private sector's doing fine.
You have to decide do you believe.
Him are your lionized -- something's not clicking here.
I'll tell you the polls show many of them is that Americans are more confident in Obama's handling of the economy.
-- Romney we have two jobs reports left before the election do you think well let me ask you would have an impact of those will be.
I don't think they're going to be all that significant because if there was any significance of the jobs report Obama would be to post already and he's had 43 months.
In his term so far.
Where that the jobless rate is above 8%.
Now in all the time between 1948.
And 2009 when Obama took office.
Cumulative numbers of months in which the unemployment rate was above 8% was 39 so 39 months from 1948 to 2009.
And 43 months in just three and a half years of his presidency.
Those -- the kind of staggering numbers and yet people still say well he's trying really hard.
And he wants to tax -- at a higher percentage which brings me to my next topic with you governor and that is this news.
Out of France if they're gonna tax the wealthiest those earning more than a million US dollars -- 5% individual income right that's outrageous.
It is absurd and there's no economic basis for that other than we don't think people -- -- earn that much money so we're gonna take it away from a that is socialism at -- very essence and so you elect to socialist president.
Voila you're going to have socialist policy and that's what you have with Françoise along who comes out with a 75 -- right.
What is gonna do -- chase all the wealth out of France if you're a high income earner and an investor.
Why on earth would you stay in France and have 75 cents out of every dollar taken away before you got a chance to spend it.
-- there's almost any European country you could go and you can do better than that.
You think we're facing a similar path here in the US and you expect Americans to leave because -- facing higher taxes.
I mean it's very possible and there there's some indication that some Americans are already looking for ways to.
Protect their income protect their wealth.
And and you can't blame them now because if somebody's just -- it is the same thing -- -- walking down -- avenue as somebody comes -- says I want all your money.
But first inclination might be to try to save my wife secondly cannot protect what they're asking me far if I can't maybe I'll turn over to -- but if I feel like I got -- Iran are back and maybe -- beat him up where they beat me out.
Sure I'm gonna protect what's in my pocket.
Well this is that government basically being the mugger.
They just get to do it legally and there's not a whole watching you to stop reminding her thoughts on what tax reform should look like in this country.
I still think we ought to be taxing consumption -- -- of productivity.
The things that make an economy strong our work savings investment.
-- those are things that make us stronger we penalize the very things.
That are productive.
We ought to be rewarding people who are working and saving and investing because they're helping the economy to grow.
So that's on a fair tax supporter which really would create a very different model was not just tweaking the current tax it's changing the that the whole found.
The end of the day you just need economic growth to be supportive of these tax rates and we are just.
As a set off the top flat lining up 1% we had it -- revision downward revision I -- -- this week to one point 3% in this country.
Yeah how we gonna get the overall growth rate higher -- -- do we have to wait obviously the election assume here.
But I mean are we just putting too much hope on to Washington right now not enough on just good old fashioned innovation -- -- Well ingenuity and innovation is great but the problem is if the government policies have there.
Their foot on the throats of the innovators and those who have.
The ability to create jobs who will take those jobs somewhere else so they don't lose all of their investment and they're not just putting everything at risk.
Government needs to say there will be no tax increase -- I don't think we can afford a tax cut right now I really don't.
But I think we just -- to say there will be no tax increases and give -- -- two years three years subtle that be done when it.
And make sure that people aren't afraid to make some investments and afraid to make some money because if they're not afraid to make it.
Than they won't be afraid to spend.
We're gonna talk about the -- regulatory costs going on in this nation little later in the hour but for now Governor Huckabee.
Really nice to speak -- he thanks for sharing your outlook and insights well thank you are great to be here.
