johnson, jr. filling in for clayton morris, we hope he's better. >> alisyn: one of our viewers said, i thought you had a wife, alisyn, isn't clayton morris your wife. >> dave: husband? >> alisyn: spouse. okay. >> dave: bye! >> take care. ♪ >> eric: start with a "fox news alert." the republican bid for the white house moving full forward, steam ahead, and, presidential hopeful, mitt romney, hitting the campaign trail with his newly tapped running mate, wisconsin congressman paul ryan and the pair branding the ticket aquote, america's come back team, and they begin their day, this morning in north carolina, and we are taking a live look at a rally, at the nascar technical institute in morrisville, north carolina. good morning, i'm eric sean. >> jamie: i'm jamie colby, if you were looking for enthusiasm, it is with nascar without a doubt. welcome, everybody to a brand new hour, inside america's news headquarters. it was around this time yesterday that our nation was first learning of governor

romney's choice for vice president. ryan coming out swinging when it comes to president obama's track record. listen: >> president obama cannot run on this record. it is a terrible record to run on. and he didn't change. i served in congress, this whole time. he didn't tack to the middle. didn't do things that were sent tryst. he stayed hard left. so, if he can't run on his record, if he didn't moderate, what has he got left? he's going to divide and distract this country to win an election by default and, you know what? we will not fall for that. >> jamie: powerful words already. chief washington correspondent james rosen is joining us live in north carolina. first of all, james, welcome. we enjoyed talking to you yesterday, about what is going on and there seems to be already so much excitement. what is happening there? >> well, it is a very excited audience here, jamie. and, eric, at the nascar technical institute. just outside of charlotte, north

carolina. it is a vocational training school for automotive skills, i would say we have an overflow crowd here of several thousand and they are pumped up and just heard from darrell waltrip, who is a nascar hall-of-famer. and, they have heard from local politicians, and, aspiring congressional members, and, this is and excited crowd but north carolina is a very critical state come november and the republicans have high hopes for it, because george w. bush captured north carolina, in 2004, and, barack obama's margin of victory in this state just four years ago was only .4%. so, north carolina very much in play, jamie? >> jamie: i want to ask you, one of our producers out on the campaign trail with the governor as well and says in the last 24 hours, $3.5 million in contributions have come in, that is obviously helpful to the campaign. what are the other effects of making the selection at this time that they have seen so far? >> one other effect, jamie, is we have seen the former g.o.p. contenders for the nomination

close ranks around the wide selection and with everyone from rick perry and tim pawlenty and even newt gingrich who once famously derided the ryan budget plan as right wing social engineering coming together and issuing positive statements about this ticket. you mentioned fund-raising. we are going see that governor romney and congressman ryan after their appearances in north carolina today and one final evening rally in wisconsin, of course, paul ryan's home state will split up, and we'll see congressman ryan head out to the iowa state fair in des moines, tomorrow, and what this means is, now that you have two candidates, the fund raising potential may potentially double, as well. jamie? >> jamie: as well, certainly, all important states in this election. james rosen, great work, thank you. >> eric: a little background on the town, in mooresville, north carolina, the population,

$33,000, an increase of 73%, and the lowe's home improvement folks, their headquarters is there and the town is also known as race city, u.s.a., because it is home to more than 60 nascar teams and race related businesses. jamie. >> jamie: and as they plan their strategy, looking now at just what is at stake at north carolina alone, 15 electoral votes up for grabs this election year. in 2008, president obama won north carolina by just 14,000 votes. about a .3% margin of victory. the president's win made him the first democrat to win the state since 1976 and republicans had endorsed north carolina in nine of ten elections before the narrow victory four years ago. >> eric: in north carolina, today, jamie, mitt romney and congressman ryan will wrap up the big weekend back home on ryan's home turf in wisconsin. the homecoming rally, set for later tonight in the city of waukesha. republican governor scott walker will be among those who will be

attending the rally later tonight. governor walker, you know, had warm words of praise for ryan after yesterday's big pick, here's what the governor had to say: >> i've known paul throughout the years and no him as a man who is probably the smartest person i know in politics. yet he's one of the most humble people i know in politics. paul and i have often talked about, you know, two kinds of people in washington, not republican and democrat, but people who want to be somebody great, and people who want to do something great. paul ryan is definitely one of those people who wants to do something great. >> eric: governor walker, of course recently winning the big recall election in wisconsin. and as for the last republican presidential candidate who won the state, that was ronald reagan, back in 1984. >> jamie: so interesting to talk about all of the history politically but how about the story behind paul ryan? here's his political resume. he is currently serving his 7th term in congress. and he was little known outside his home town of janesville when

he won his first term back in 1998. he was 18 years old at the time and captured 57% of the vote there. during those early years in congress, ryan held office hours in an old truck he converted into an office and prior to winning his seat in washington, he worked as legislative director for former kansas senator and current governor sam brownback in the mid '90s. >> eric: and besides the congressman making a big debut on the presidential stage, the ryan family making their debut on the campaign trail giving americans they glimpse of the congressman and his family, his wife, janna. they met in 1999 when he was a few months into his first term in congress, he was only 28 years old at the time. and, janna was working as a tax attorney at a prestigious consulting firm in washington, d.c. and they married in december of 2000, and now have a dirty and two young sons. >> jamie: the white house wasting no time going after governor romney's new running

mate saying policies put forward by congressman ryan would hurt medicare and the middle class and the president is expected to expand on those arguments when he hits the campaign trail later today. peter doocy joining us live in washington. peter, good morning. has the president weighed in on the ryan ticket? what have we heard? >> reporter: we saw president obama briefly leaving his white house on the pay to chicago and he completely ignored governor mitt romney's selection of congressman ryan as his running mate but his campaign manager was not shy, saying as a member of congress, ryan rubber-stamped the reckless bush economic policies that exploded our deficit and crashed our economy. now the romney-ryan ticket would take us back by repeating the same catastrophic mistakes. the obama campaign also already released a tough new ad: ♪ >> the paul ryan medicare plan,

turns medicare into a voucher system. >> the paul ryan budget, which cuts aid to the disabled, which cuts aid to the immigrants' children, which cuts aid to the elderly... >> reporter: that ad went on to say that mitt romney and ryan are both back to the failed policies that crashed the economy. jamie. >> jamie: do republicans seem concerned about these attacks. >> reporter: the 7 term congressman from wisconsin, he said he's ready to defend himself against attacks from democrats loyal to president obama. >> president obama and too many like him in washington have refused to make difficult decisions because they are more worried about their next election than they are about the next generation. [cheers and applause]. >> reporter: and the campaign got off to a civil start yesterday between the two vice presidential candidates as vice president biden called congressman ryan to welcome him to the race and congratulate him and tell him that he looks forward to engaging him on the

issues in november. jamie. >> jamie: peter, thank you so much, live from washington. >> eric: another strong reaction across party lines to congressman ryan's pick that's vice presidential candidate. republicans calling the selection a bold move that would energize the conservative base and they say restore american leadership. democrats, though, as we have been reporting say ryan's controversial budget plan makes him a very easy target for criticism. how will it play out in november? john bolton, former u.s. ambassador to the united nations, and a fox news contributor, who joins us every sunday about this time. good morning, ambassador. >> good morning, eric, glad to be with you. >> eric: good to see you as always, congressman ryan is known as a budget expert, not a foreign policy expert. how is that a strength? >> well, i think this is extremely important for the big picture that governor romney has been trying to paint in this campaign. we need a strong american leadership role in the world to help sustain our economic recovery here at home and by definition we can't have a

strong place in the world without a strong american economy. so i think the combination of governor romney and representative ryan really helps fill that bill, and i think congressman ryan's experience on the budget looking at the big picture of national defense and international affairs, gives him a real perspective that will be very helpful in some of the difficult choices we're going to have to make if the ikt the is elected. >> eric: it seems there is a subtle nuance in what you are talking about. how does it play out when dealing with international leaders or dealing with the crisis say could face if elected on the international stage? >> well, you know, diplomacy and politics and international affairs rest fundamentally on a foundation of power and under the obama administration we have seen our defense capabilities erode and the trajectory ahead is frightening, even president obama's own defense secretary has said that the budget cuts we face if the sequestration goes through will be devastating to our national security capabilities.

you know, it is interesting, in the way the budget is put together, the way the huge book of numbers is organized, the first category in the budget, the first category is national defense, what the washington budget hawks call the 0-5-0 account and you can't get to the domestic budget issues unless you master the national defense budget issues and i think that is something congressman ryan has gotten through being chairman of the house budget committee and ranking republican, giving him a real perspective on the resources we need for a strong american position internationally. >> eric: that is really fascinating and i would never have known that. you talk about the frightening choices ahead and there is word iran potentially is boosting and increasing its nuclear work? >> there has been intelligence leaking both in israel and in the united states of new assessments by u.s. authorities and others. that i think make it clear that iran's progress toward nuclear weapons has not been impaired by

diplomacy or economic sanctions so whether it is this month or next month or december, there is no doubt that iran's approach to a nuclear weapons capability has to be at the top of the agenda of whoever wins on november 6th. you can bet it is at the top of the agenda of the israeli government, every day. >> eric: we'll be watching that as it continues and it weren't will be continuing to play out, ambassador bolton, always good to see you, than for joining us, as always. >> thank you, eric. >> jamie: thank you very much, ambassador. congressman ryan made headlines in 2010 with his plan to revamp medicare. and, other entitlement programs. and governor romney touting ryan's commitment to fiscal responsibility, while knocking the president's plan. >> you see, the president has put a plan out on medicare, he cuts medicare $700 billion through his obamacare plan. and what paul ryan and senator wyden have done is said, no, we need to restore and retain and

protect medicare and that is what our party will do. [cheers and applause]. >> jamie: you heard the boos and the applause and joining me now, steve moore, senior economic writer for the "wall street journal." great to have you here. >> hi, jamie. >> jamie: i want to look at fox polls with you to talk about where the american people are and how confident they are about the economy. let me put up the first one. they were asked whether they saw signs the economy has started to turn the corner. is the worst over? and 58% say the worst isn't over. now, you have tracked this every day, are they right or wrong and do they have reason for concern? >> yes, this economy is in really poor shape now, we saw that both with the overall economic growth numbers, a few weeks ago, and we saw it with another lousy jobs number that came out, just two weeks ago. it has been three-and-a-half years, jamie, of 8% unemployment or higher. that is a pretty dismal record and president obama will have a hard time defending it. that is exactly why most of what

you have heard from the obama campaign, so far, has been attacks against romney because he doesn't have much of an economic or fiscal record he can defend. >> jamie: romney and ryan saying they are the come back team and, will turn the economy around and create jobs and certainly, ryan has spent a great deal of hisen on the numbers, crunching the numbers and he is said to be very, very experienced in that area. so, when folks were asked in the fox news poll, another one, what best describes how you feel about president obama's economic plan, which you point out has been in place three-and-a-half years, 50% say it needs more time. but, 43% say that it has failed, and if president obama had one -- 15% say he didn't even have a plan. >> 50% say he needs more time and that is this is latest line, it will take more time to work, give me time and the republicans will say, wait a minute,

president obama, you said in 2008, if i have not fixed things in four years i'll be a one-term president and, those words may come back and haunt him but what is really interesting me, jamie, about the paul ryan ticket and by the way i haven't talked to any conservative who isn't just y euphoric about the pick, and, paul ryan says there is $5 trillion worth of a difference between the parties, because that is how much more the ryan and romney budget would cut the budget over the next ten years, than barack obama would, and that is a lot of debt reduction and will be a central theme of the republicans going forward. >> jamie: and i think americans get the fact with the deficit and the budget where it is, there is going to -- they will be the ones that will end up paying for it as will or their children and maybe even their grandchildren. one thing they'll work on is the tax code, how critical is it to

reform and let alone understand the tax code, and if it needs to be changed why didn't president obama do it. >> jamie, i think the key word that you said is reform. i think now that paul ryan is on the ticket, the theme of this romney-ryan ticket will be reform. reform the debt, reform the budget process, and, reform the tax code, and, this is a critical one, i'm an economist and i believe the single most important thing we can do to get the economy moving faster is to blow you sup the tax system andt over and that is the ingredient of the paul ryan budget, he'd get rid of loopholes and... >> jamie: and if more people understood it they might more abide by it. >> in economics today, that is exactly what happened in 1986, the last time we reached the

taxes. >> jamie: great tow su see you, steve. >> eric: and congressman ryan and mitt romney visiting key swing states, they could decide the election, we'll look at that. >> jamie: and the vp announcement for a man who has been in his shoes, senator john mccain what he says about governor romney's pick. >> he created jobs. he turned around failing enterprises. [cheers and applause]. >> he has first hand experience that a few have built, started, or run a small business, you did that. [cheers and applause] hey! did you know that honey nut cheerios

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>> eric: man oh, man, extreme weather out west, happening in arizo arizona. look at this video. a massive dust storm hit east valley, wind gusts up to 40 miles per hour yesterday. look at that. visibility dropped to about a quarter of a mile or less at times and the national weather service has since lifted the dust storm warning for the area, but excessive heat is continuing, and that will be in effect until tomorrow night.

>> jamie: a "fox news alert," governor mitt romney of course picking congressman paul ryan, pushing the economy back to the front of his campaign, and, we're looking right now at mooresville, north carolina where they'll have an event, and we'll await them taking the stage and certainly keep you apprised of everything they have to say but, in the meantime, also talking about the pick is senator john mccain and he talked to our own john roberts filling in for chris wallace this week. on fox news sunday. take a listen: >> paul ryan has taken the courageous steps to bring this issue to the forefront and we're going to have to address it and under a romney-ryan distribution you will see it addressed, not like the last administration which has done nothing. they haven't even pass aid -- everyone passed a budget in the last three years. >> jamie: and, addressing his lack of private sector

experience. >> someone tell me what experience president obama has in the private sector which has been amply shown he is abysmally ignorant of, paul ryan understands how the budget process works and the congress works and understanding the entire process and established relationships that i think will make him most effective in getting the mitt romney agenda through the congress. >> jamie: and joining me now, live from washington is john roberts, who is in for chris wallace, on fox news sunday today. john, great to see you. what a line-up you have. first of all, senator john mccain. fiercely coming out and saying, it sounds like, thank goodness the budget and the spending and the deficit will be at the forefront and paul ryan has the experience to get it done. is that your sense. >> absolutely, jamie and good morning, good to see you as well. i don't think if you would have told the people running the romney campaign a year ago they would have been fighting a fall campaign on entitlement reform they would have believed you but

that is certainly where they are now, bringing paul ryan onto the team, puts the budget deficit, spending first and foremost and mitt romney has been talking about the bad economy, and, trying to hang that around barack obama's neck. but, now, he has also given the obama campaign an opening to not talk about the economy, rather, to talk about what they say is an extremist and very damaging budget that paul ryan has put forward now, two years in a row and we also spoke with debbie wasserman schultz... >> jamie: before you get to this, folks are looking at a live event on the other side of that your screen in north carolina, and important state, where governor romney and you can see, paul ryan, his new vp pick for running mate are today, meeting people there, the first stop for them today. they are making rounds to a number of battleground states and you wanted to talk as well, not only the white house responding to the pick, debbie wasserman schultz is from florida.

a state that probably has one of the biggest interests among its population in medicare, which is something paul ryan has been very vocal about. did she discuss that with you? >> absolutely and she points to what is going to be the democrats' front line of attack here. they say the ryan budget, even though they say it inaccurately about the 2012 budget would turn medicare into a voucher system and in reality, senior citizens beginning in 2022 would have a choice, they could stay in traditional medicare, a deal congressman ryan cut with senator wyden or could go into a more privatized system but here's what she said about the ryan budget. listen: >> mitt romney has now chosen paul ryan, who is the architect of that plan, as his running mate. someone who mitt romney already embraced the ryan budget, which we know is extreme, and, you know, someone who represents thousands of seniors in south florida, i can until that what

would happen, in either proposal, in ryan-2 or ryan-1 is that insurance companies would cherry-pick the healthy people and cherry-pick the best people to insure and as a result the folks who remained in medicare would really see their cost go up. >> reporter: senior citizens in the country, are absolutely the most reliable voters and looks like democrats will be fighting this on their turf. it will be an interesting campaign. >> jamie: and even more interesting show at least for today. thank you so much, john, for bringing us a preview, check your local stations for fox news sunday, don't miss john in today for chris wallace and let's listen to congressman ryan now in north carolina. >> the economy is not working like it should. president obama four years ago came with so much promise. so much shohope and so much cha and then when he got elected he swept in his party as well. they were able to pass their

entire legislative agenda, virtually. and, so what we got was stimulus, obamacare... [audience booing]. >>... a budget that doubled the debt in five years and tripled it in ten. takeovers of all various industries and you know what happened after that? north carolina unemployment, 9.4% today. [audience booing]. >> since president obama took office, 71,000 jobs lost in north carolina. [audience booing]. >> 435,000 people out of work, in north carolina. you know what, north carolina? we can do better than this. [cheers and applause]. >> help is on the way. [cheers and applause]. >> we feel as your fellow citizens, that we owe you a

choice. a choice of two futures. we can either stay on the current path that we are on, a nation in debt, a nation in doubt, a nation in despair, a nation with high unemployment, where we are giving our children a diminished future or we can change this thing and get this country back on the right track. [cheers and applause]. >> now, historians often point to the key characteristics of a great leader. of a statesman, the kind of leaders that have changed things around. a person must have a bedrock of principles, a moral compass, a vision for their country and an ability to put that vision into place. the man who best embodies those things, the man who has the experience to be that kind of leader we need at this moment,

is the man standing next to me, his name is mitt romney. and he's going to be the next president of the united states. [cheers and applause] . >> you know why? we know who we are. we know what we believe in, we know the principles that built this country and we'll reapply those principles and get this country back on the right track and leave our kids a better future. [cheers and applause]. >> when you look at the life this man has led, a life of raising a wonderful mily, a life of being successful in business, starting new businesses, turning around troubled businesses, knowing with real experience that if you had a small