You're watching...
Forbes Opinion Editor John Tamny on economic sentiment and Obama's plan for reviving the economy.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
-- name is the opinions editor at Forbes he joins us now from Washington DC if you're in DC John.
He is look at this one of two ways -- if you're a Democrat.
Listen donated Pelosi at the top of the hour you just think more spending needs to happen this is not the time to cut but it is okay to raise taxes on -- -- -- I think if you're a Democrat -- kind of worried because let's face it of one of president Obama's major weak points.
Is the economy -- they so far of leaked some of the things will be discussing tomorrow night to.
Assure voters.
But if you analyze them one by one what they tell you is that his ideas for reviving the economy will do the reverse of that this doesn't played his favor.
It might not quite as they -- but if he has a majority of Americans who think there were in a recession of moral -- some of those people by his.
Poised for.
And we've heard this over and over and over again in recent years from the president say more and -- structure spending we need green energy rather than talking about you know how strongly are and in producing fossil fuels.
So that at basically the weakness in the economy and the belief that wearing a recession plays and in his hand doesn't not.
In any in a very near term sense that might in that he's got the -- -- he can talk about what he's going to do to revive an animal spirits but.
The hangover is what's going that really harm the president and that these ideas do not work.
Rest assured he'll talk tomorrow night about how is -- -- tax breaks.
To bring manufacturing jobs back the United States the sad reality is manufacturing jobs are yesterday's economy what -- is implicitly saying.
-- -- bring back jobs that paid the equivalent of a Starbucks lobby day on a daily basis this is not how you revive the economy.
What would you do then.
What would you get -- again if you've got a 53% of people think we're in a recession that could actually -- economic weakness because people's behavior.
Changes the way the economy's performing.
-- yes it -- -- mean if you're asking me what I'm going to view I'm always of the view the particularly in the United States economic growth is very easy were full the most talented people on earth and there's just no reason.
The economy should be slow right now should you want to fix the economy.
Reduce the tax burden that are that are price on work reduce the regulatory burden they just inhibit profits and they never work.
Make trade -- that's why we get up every day and then most importantly stabilize the value of the dollar so that investment can reach its highest used.
If you those four things he can't -- US economy would by definition grow the problem is President Obama.
-- moved against all four of those in -- economic like and that's why anything he proposes will fail economically at least.
-- you -- strong dollar you better get on the horn of Ben Bernanke be careful what you wish for because interest rates would go up at least in the short run hey John we can talk about this more we'll see -- alright John Tim thanks for having me take care credits.
