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An Obama Vote a Risky Gamble for Business Owners?

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    American Crossroads Director of Communications Jonathan Collegio and WSJ Editorial Page Deputy Editor Dan Henninger on White House policies’ impact ...

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Obama a risky bet for business casino mogul Steve -- thinks so and is blasting President Obama offer frightening business owners.

So is the president out of luck let death Jonathan collegial communications director for American crossroads and Dan -- here.

Deputy editor for the Wall Street Journal's editorial page welcome to -- -- great to have you here.

I'm gonna play -- sound from -- went first to get a sense of what he said.

-- job creator.

Guys like me your job creators and we don't like having a bullseye painted on our back I can't stand the idea being demagogued that has put down.

By a president who's ever created any jobs and it was a name understand how the economy works.

Strong words of course and out -- is a mobile the founder and CEO Wynn resort -- Respond -- that is he just one of many CEOs who feels put off by the presence.

Well Steve what -- was a former Obama supporter and I think he's basically fallen off the train.

And I think with good reason you know if you read through the Wall Street Journal if you've been reading through the Wall Street Journal for the past six months about the economy.

One word appears over and over again uncertainty.

Uncertainty has to be the number one region there's no reason there's no economic growth and -- job creation right now.

And Steve -- has said that instead of but dressing job creation the president spent an entire year working on that health care law.

And that health care law right after that you had Dodd-Frank both of them the rules still have to be written by the regulators.

Businesses are sitting out there waiting to have Washington tell them what their cost -- going to be in relation to those two laws and I think he's right the.

Just sitting on the people's yeah I I hear this from so many people are running companies I don't know what to do I don't know if I can hire I don't want to hire I -- board of my cost going to be.

Everything's so uncertain do you think that's what's keeping the lid on -- -- -- -- -- economic growth in this country.

Adding -- economic uncertainty it's the uncertainty generally of the of the Obama regulatory regime but it's also this -- of tax hikes.

And we -- from that Ernst and young study that was released a couple of weeks ago.

That 93%.

Of of jobs in the small business sector are are employed by Stanley businesses that are making more than 250000 dollars a year so this tax hikes always tax -- at Obama's talking about on all the rich people are actually going to be -- -- -- either gonna hit by -- small business.

And see how all these people -- hiring all these people and and and if they -- at their cost in terms of taxes are gonna go up.

They have day you know -- they -- -- -- -- tap capital they got taxes they're gonna have to cut back on something it's probably be going to be on jobs whether it.

-- the young -- said it would sit at Obama's tax increases will cost 7101000 jobs.

There is a lot of uncertainty and a lot of it has -- -- -- -- You know it's interesting because the present himself sort of throwing up his hands hearsay.

-- you really can't change Washington even from the inside Chris Christie the governor of New Jersey have some strong words on the campaign trail about that -- listen to this.

I feel badly for the president.

May -- still a little tired from last Wednesday night.

I.

The soaring at the Whitney said it but let me remind you don't wanna help the president not sugar scene loves me I'm sure he's got -- -- Mr.

President.

You have.

Inside 16100 Pennsylvania have a report yours if you can't change Washington for me inside the White House that let's get to the plane ticket back to Chicago -- -- is an effective speaker Dan what do you make of the comments.

Well how I think I think the governor -- a point in you know what we're gonna find out about this hopefully during a vice presidential debate where they're gonna talk about why Washington doesn't work look.

Joseph Biden was Barack Obama's representative on the deficit reduction super committee.

Paul Ryan was on that committee they sat in a room together trying to work out a reduction.

Deal over the deficit.

And I hope that those -- gonna bring -- up so we can get some facts on the table exactly why Barack Obama was not able to do a deal with the republic.

Well -- the bigger question and Jonathan let's just jump to Thursday's debate between -- a vice presidential candidate -- Biden.

And riot and what are you expecting and what should be we be watching for.

Well this -- that everybody easier spending the Obama people wanna lower the expectations provide names you know by supporters on the Romney sat.

I I think -- -- I think you -- air to think -- that Joseph Biden is somehow on the weaker footing here.

He he will say ridiculous things but it's usually when he's out on the stump he's unscripted he starts rambling he does this thing where he starts asking rhetorical questions and answering himself that's where he gets in trouble.

But what about what he's like kind of structured in the senate -- city is two minutes to do this answer he's actually very good connects with people and and you think they're executing -- -- Expectations -- and I know that I think that's exactly what's going on here -- -- have to get to one other thing here that I I want both of you to respond to you.

And that's Jack Welch today defending his comments when he question the veracity.

Of the government's jobs numbers lots of questions about the report that came out last Friday.

Here's what Jack Welch said to suggest that the input to the BLS data collection system is precise and bias free is well let's just say overstated.

I'm not sorry for the heated debate that -- I'm not the first person to question government numbers and hopefully I won't be the last -- -- the U.

What do you make of that home.

-- -- Well how I am not inclined to believe that the numbers for -- manipulated I think.

Doing that sort of thing with something to be -- -- is very difficult to do the bigger issue is whether it was of you know just a blip or -- statistical blip or whether there's going to be a trend and we're probably not really going to note that until -- after the election.

Was at least one more data point to come Jonathan what what did you make of that -- -- tempest in a teapot getting fired from fortune that's not a big deal for -- -- -- -- -- I thought it was unfortunate just -- -- -- he diverted attention away from the substance of the numbers because he went after the integrity the numbers the substance of the numbers was terrible.

1141000.

New jobs is nothing to celebrate.

Do you 150000 new jobs just absorb all the -- College graduate so I thought about that that was unfortunate that he got eighty diverted from the from the fact that it was not a very good jobs report at all.

Now Dan I know you've got a column coming at.

You -- in the president's comments calling Romney a liar you're very disturbed by that sort of new low in in in the political season.

It's a very sleazy thing to do to use the word liar especially at the level of presidential debate because historically -- what you're attempting to do when you call somebody a liar.

Is not to engage them in to debate but due to -- bought the debate you're trying to eliminate them and move them out of politics altogether.

So the -- I think symbolic campaign showing that don't wanna compete with Mitt Romney they want -- -- Mitt Romney and I don't think that's gonna appealed to many voters.

Right now it's going to be interesting to see how voters respond to that and all of the ads across the country are gonna have to leave it there Jonathan and Dan thanks for coming on tonight.

Absolute pleasure having both of you here thank you.