alexis glick joins us. alexis, $1 trillion. that is so many zeros that it seems like a very big number. what does it mean to us? >> it means that every single tax that you could imagine you will see a high in. i hate to tell you -- you will see a hike in. some projects it could hit $2 trillion in this fiscal year alone. you are going to see taxes go up across the board, tobacco, soda, and the obama administration said they would not raise taxes on the middle- class, over 40 states are raising taxes. they will raise taxes whether we like it or not, and if you do health care and climate change as well, you will see it across the board. greta: alexis, this did not sneak up, so why is everyone so scandalized? we saw this coming. >> this is not a shocker. this is not a big surprise, but the reality is when you look at the numbers, and you break them down, that is when you see some of the shock and awe. corporate taxes are down, and personal income taxes are down 22%, and these programs, keep in mind, things like unemployment benefit

joining us with answers alexis glick of the fox business network, former white house press secretary and fox news analyst dana perino. good to see you. here we see the political reports. he's starting to sweat for the first time in his presidency. how much trouble is he in politically? >> well, the stakes are very high, he's raised the bar. he's not even supported by his own party, and the congressional budget office numbers that came out over the past three weeks are really hard to overcome, and i think the best think could could do is hit pause and try again in september. sean: i think that would be the prudent, reasonable thing to do, but i don't think he has the inclination to do it. the biggest headline this week that nobody talked about is that the white house is purposely trying to hide the real economic numbers, meaning their forecasts have been so wrong, they don't want to admit to it the american people. >> well, christina romer has said they're going to come out with their new projections in large part because the work she did along with jared bernstein obviously had the w

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joining me to look at the price tag of this looming reform are alexis glick and dana perino. first, it's the democrats, their own ranks fighting among themselves, which is a good thing. >> they control every bit of washington and have no one to blame but themselves. sean: why am i convinced that pelosi, reid, and the president have not given up -- >> no, they haven't given up -- sean: and they're basically going to compromise and trying to rewrite the bill. the idea of a co-op, not a government option. >> no matter what i don't think they're going to get a bill done by friday. i don't say they're not going to try. so we have to be careful they're wily. but they have not convinced the american people what is going to be in this plan and how they're going to pay for it and they're not buying it. i really think they have to go back to the drawing board. sean: what bothers me, alexis, is they're going to come up with different wording, use incrementalism, not going to give up their goal which is ultimately government-run health care, no? >> the co-op kfings has been going on now

at work, and unfortunately obamanomics do not work, and joining me now to discuss this and more alexis glick from the fox business network and dana perino. i don't want to say i told you so, but i told you so, alexis. >> we're starting already. sean: obama says unemployment -- they promised us it wouldn't go above 8%. now he says oh, it's working as expected. summer said it would be almost immediately. same with christina romer. reality check? >> they botched it. sean: hannity right. >> they botched it, and one of the most important things you can do to improve confidence is you have to set expectations, and part of setting expectations is lowering the bar, not raising the bar, and the expectations going into this were far too high. even if the predictions were that the jobs were going to come in 2010 or 2011, it was the wrong type of stimulus package. sean: i hate to say alexis was right, but you underpromise, you overdeliver. they way overpromise. when joe biden has to admit we misread the economy, we guessed wrong, unemployment they're saying is much higher than what they promised it woul

we bring in alexis glick. very good to have you. >> good to see you, chris. >> not to be a downer. making money is good in this economy. but as a tpayer's perspective, when they feel this, how should they feel? >> a little bit of outrage. a little bit of happiness. a little wait a second. is this the play book replaying itself all over again? the bottom line is, corporate taxes, if you look at the federal deficit numbers that came out yesterday from the treasury department, personal incomes tax is down 22%. they bor rowed $10 billion from t.a.r.p. funds. they repaid those funds. have we offered them very cheaped financing backed by the government, which has allowed them to take great risk? absolutely. at the end of the day, though, if they are able to turn the page, which they're starting to do, it means higher taxes. and for right now, if you look at what's happening to states, to municipalities, to the federal government, that is what we need. i know it's one of those oxymorons. you feel like you should be really angry about the outrage here. but on the other hand, we need the mo