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President Obama eliminating obviously his speech in which he is calling for one -- new initiatives.
Four car cornerstones he calls and talking about restoring.
Invigorating our middle class.
Are restoring home ownership.
An important component as you would expect in any discussion of that which will be LeBron threw over to the voting public.
-- and of course.
What may be in the offing there we don't know of course perhaps an even in larger Social Security.
Administration will we'll find out perhaps.
In the days ahead the president goes from bills -- Illinois.
On two warns -- Missouri to give a I second installment on his his -- His pivot to.
Two jobs and the economy.
It's we're we're gonna turn out or analyzed John Lonsky Moody's economist.
And was of McDonald.
My good colleagues here -- you begin.
Your reaction to my reaction was kidding first thing one of the first things if -- was about gridlock he's attacking.
The GOP for gridlock every.
And second term president since Eisenhower has had an opposition party to deal with.
The issue is is that the Republicans don't like his -- only one -- -- in one house that's right thank you for that.
Republicans -- policy ideas as being really bad for America.
And what we're seeing -- the last time they came to agreement was this -- quest to deal that the president this attack this speech.
He said it databases -- -- dragon a sixteen trillion dollar economy growing talking about 85 billion dollars a year and cut so far that's not that's a drop in the bucket any.
The huge American economy.
Anything to us what we're hearing right now is David and maybe 600 billion dollars more.
And tax hikes coming from the president and the debt ceiling deal coming this October 1 he made we offer -- another -- have left the some.
I was just talking about.
-- -- broad -- and and and I I think breaking news as you do so.
A fiscal deal that apparently has been reached.
Or at least as being negotiated.
With congressional Republicans and those are the you know the faintest of outlines of what is being proposed.
And I love the fact that the first detail that we would hear of course from the White House would be 600 billion dollars in new taxes.
Just about exactly the wrong approach and strategy.
To restore prosperity.
Charles I -- more of the same.
That we've been hearing heard another divisive speech and one that sort of says I I could do two things I can take a victory lap and at the same time acknowledged that this is a horrible economy.
Which is a brilliant thing to do you have to be a massive words to be able to do that.
I dissing the president though is a -- to drive a wedge between Republicans.
Old school Republicans in the Tea Party when he talks about Washington that's a euphemism for the Tea Party.
He's reached out admits in the GOP some of his friends and this is what he's been off the last year I think you might have seen something -- John -- I don't know what it is but he thinks.
Maybe I can disrupt the Republican Party enough to get just enough allies to push the rest of my agenda through.
The other thing that I heard again was -- it inequality.
And the idea that I will take it upon myself I will start to do more more things that I think I had the authority to do.
And you're gonna have to stop.
You know what I heard in in its interest in because his speech back in 2011.
And -- a lot of me Kansas chosen because it was that -- of Teddy Roosevelt's famous -- populist.
-- and integrate trouble aren't pretty great controversy.
-- the president was honoring him by being there and started talking about the middle class and for all the world it was one thing to hear this kind of approach they -- these words when -- all about and office two years.
For a man who's now in his second term -- fifth and fifth year talking about.
Things that one would have thought would have been in a matter of daily business at the White House creating.
Jobs restoring prosperity.
China am -- wrong.
-- put an awful lot of energy into trying to assure that Americans can -- the average and that's not say much for his goals.
I can't get over that static nature.
Of this analysis of the economy.
It's a simple case according to the president of the rich taking away from the war where the rich taking away from liberal class.
Believe me there -- a heck of a lot more to economic growth that this particular -- used by the -- -- Charles Payne brought up this point -- and that is that the president has one big statistic you cited the top 1% income group.
Had you know basing most of their their income quadrupled their and that -- their income -- Drupal -- 79 and 2007.
That is not the same compiled -- people that we're very in 1979.
Ahead of where -- in 2007.
It says at Charles has pointed out.
And -- -- and John is saying the same thing.
More people who get mobile and -- move into the upper brackets and now with new tax -- you're talking about attacking the very entrepreneur or is that create jobs in this country that help the middle class.
But -- tax hikes that are already been put into place and more could be coming and that's very important -- because of the tax hikes that took affecting 2013 we get to real life economic growth and axis of 2%.
And if anything we're going to be looking at just one and a half percent growth if we're lucky for the second quarter that's coming up next week.
It's it if -- to have more tax hikes we -- throw in the towel as far as seeing growth above 2% anytime soon for any length of.
It's time you were talking about the static.
Construction of his economic analysis and view you're talking about the statistics.
That leaves another word state -- this president is making it clear in each instance it's about government.
Moving on each one of these issues and being the guarantor.
Of those cornerstones that he announced today right.
It's it's more than that it's putting equality head -- efficiency and productivity.
Is blaming companies for holding -- he said companies are holding back on hiring with no mention of Obama you should policies and health reform doing just that.
By the -- the last word by the way this what we're talking about paying people who work at McDonald's twenty dollars an hour out of the notion of fairness inequality.
No economy can be built that -- the reason why our manufacturing crumbles because unionized workers are making too much money.
And the Japanese were allowed to make cars with more cushion they got better cars -- you have better deals and they outperformed us we can't make that mistake again.
This is the only president in my memory.
To not celebrate our free enterprise capitalist economy.
Enterprise and and to bring pride in that system.
And our political system.
It is also extraordinary to me that this president.
Is taking on.
The Republican Party in a speech that is supposed to be an inspirational.
And he is behaving as though.
The Republicans have.
Well done something absolutely unprecedented.
To hold a house of government in this case the House of Representatives and as -- was of -- pointed out.
That has been the case for every second term president since Dwight David Eisenhower.
But for some reason this president finds -- unique.
And down right aggravating.
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