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FBN's Lou Dobbs weighs in on the fiscal cliff debate and the economy.
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-- stronger trade faster health care spending and increase local government construction.
All helping the third quarter GDP see its fastest growth since 2011 but this good news comes.
As that pesky fiscal cloud hangs over our head he -- continue if there's no deal here's Lou Dobbs this take.
I for the third take on the third quarter showed an improvement steady decline so do you feel enthusiastic about that that were canceling half.
I think -- I think there's no question that the economy the real economy.
Is moving in the right direction in doing so with some some energy some firmness.
And we should be pretty happy about that I think you're seeing that reflected in these market numbers.
-- overall.
I know over the course of the past week it's been a lot about the fiscal cliff understandably so.
But this has been basically a move on good news on the economy anticipating good news on the economy six months out.
And I believe there's no point argue with markets their right and -- and even points out how silly the Republicans were during the election to keep asking are you better off than you were four years ago.
Held yes we're a lot better off and that.
Couldn't quite apparently penetrate the minds of the brilliant strategists in the Republican Party I think they really hurt Romney with that.
So do you think that it.
A lot of business leaders have said that they installed in their planning a bit as they prepare for the fiscal -- do you think that in this most recent period last month or two US has become more apparent that we don't have -- deal.
We've seen -- slow down her again in this economic activity -- -- shelf in the next rate it's a lot of people are saying that this morning.
I don't read -- I I really don't I I think of that all of the noise you're hearing from these so called CEOs who are.
Angst ridden and -- -- themselves with worry and concern about the fiscal cliff.
Are exaggerating.
And they're probably end point of fact using that as a an excuse for some understandable reticence given the fact that they don't know how to go forward right now it's a difficult international climate for business.
Or are you going to drive your product in your services.
Given the general global weakness.
Right now this country is the the -- market to be yet so -- Case it may be good news is bad news in that the Democrats could so easily say -- economies expanding we can afford to raise taxes.
Well I think only I think only a fool would argue.
And I and I think that the Republican should be gleeful about the fact that this economy is strengthening not to the point that we have sufficient hiring.
We've still got 23 million people out of work -- underemployed given up looking for work that's the reason.
That unemployment.
Rate has declined to the point it is -- because we've created jobs but because people are withdrawn from the workforce meanwhile.
The discussions that are going on in Washington are utterly off point.
And are not relevant to the public policy choices that really confront the country and that's the shame out.
See you don't think that raising taxes on individuals that might be small business owners that higher people's gonna have an impact on the economy.
Your -- but people making a million dollars or more I -- -- you -- -- like you have 500000.
Threshold that they think that this group hires 50% of the people -- I don't think there's an issue it's a very bad idea.
I don't think it's bad idea from which there is no survival.
I do think -- -- -- that -- from.
There is no survival from the idea that we could go -- without significant spending cuts there is no survival from -- And the -- being played.
I I said last night of my broadcast and I'll say it again here.
I believe the President Obama he continues on this stubborn line that he has now presented Boehner.
He will snatch defeat from the jaws of victory and he will have played this has become he is becoming -- the imperial president.
Which is one kind of problem but he is now being imperious president and therein lies Syria significantly -- get concessions on the spending side.
Concessions now I think he should lead I think he should -- Deal with entitlement reforms he should eagle and eagerly.
Deal our justice energetically as he had with has where it's tax hikes.
He should deal with bringing fiscal balance which is what I.
-- -- defeat from the jaws of victory Nast beautiful quote I is it.
-- -- quote -- and rules on a cliche to which -- repair occasionally read that's.
Further -- it wasn't perfect place right there with so eloquently thank you.
-- used to -- you can dealing with that every day at this time and of course it's seven in 10 PM eastern catch.
Research center president Brent -- fell to -- guest John Boehner the house speaker of course this plan B to vote tonight and but it all mean for the Republican Party.
