jenna: so says dennis kneale, fox business. dennis always great to have you, thank you. >> reporter: thanks. jon: well as dennis kneale just told us the "wall street journal" is reporting one in three economists predict another recession before the presidential election. of course that would have major political implications. let's talk about it with a guy who knows, karl rove is former senior adviser and deputy chief of staff to george w. bush and a fox news contributor. you should heard dennis saying we've got to have hope. this was a president who came into office promising hope and change. what about the delivery of those? >> reporter: well if he doesn't provide the realization of hope then he's going to be changed out of the office. look, the president's numbers are low. his job approval on the economy is 36% -- excuse me 26%. that is a pitiful number. if it doesn't change he's out of office. jon: at the same time there is a new poll out, when asked who do you blame most for what has gone wrong in congress, president obama,

dennis kneale will tell you why. >> top bosses at solyndra said they wanted to answer questions but tookhe people who solyndra put out of work have lots to say. it is about your money and will make you angry, but we have it on tape. you will see it. [ beeping ] ♪ hush, little baby ♪ don't you cry ♪ soon the sun ♪ is going to shine ♪ [ male announcer ] toyota presents the prius family. ♪ walk if i want, talk if i want ♪ [ male announcer ] there's the original one... the bigger one... the smaller one... and the one that plugs in. they're all a little different, just like us. they're all a little different, at exxon and mobil, we engineer smart gasoline that works at the molecular level to help your engine run more smoothly by helping remove deposits and cleaning up intake valves. so when you fill up at an exxon or mobil station, you can rest assured we help your engine run more smoothly while leaving behind cleaner emissions. it's how we make gasoline work harder for you. exxon and mobil. ♪ ♪ ♪ when your chain of supply ♪ goes fr here to shanghai, that's logistics. ♪ ♪ chips from here, boa

first senior correspondent dennis kneale. nice to see you. what is his plan? >> it is a three trillion dollar plan. it looks good. he said three dollars in spending cut for every one dollar in revenue. maybe a dollar for a dollar. this shows that he does not -- it is not good economic policy for a couple of reasons. i don't think he gets what the people of america are feeling. 14 million unemployment employed now. >> greta: that's not the under employed and give ups. that's 25 million. >> what they most is -- what they want most is a job. i got a tax on millionaires. now we are going to tax them does that make you feel better? no, it doesn't give me a . he's out of sync. 1.6 trillion in new taxes. the spending cuts for real? 1.1 trilln of that is based on we are not going to be fighting the wars. they weren't going to last forever. lower interest that is not a spending cut that's a lower expense. >> greta: here's what bothers me when i hear we are going to draw down the troops to 3,000 then add 8,000 contractors. who pays for the considerers? >> it is a false

senior correspondent dennis kneale joins us. is that true not just the millionaires?> yeah the way it is sold a tax on millionaires and billionaires. ap story came out pointing out within that huge package of 1.5 trillion of tax increases 130 billion on taxes that are aren't millionaires. like double the air ticket fee for security to $10 on a runned trip. $15 more a month on your newmore gauge. extra $100 when a private charter flight takes off. retirees in the military one-time fee of $200 to get on to a new plan. federal employ thinks is a taxi agree with, would have to contribute 1.2% of their paycheck to their retirement, just like regular private sector workers. so, the thing about it, it is not a lot of money. it is not going to kill anybody. >> greta: sounds like in addition to an income tax we are getting a new national sales tax. >> a very pernicious andç?u! sneaky way, almost cowardly way to raise taxes. raising taxes on millionaires, then kind of fib about raising taxes everywhere else. here's the other thing that bothers me. one you start raising taxes an

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fox business network dennis kneale live from midtown manhattan with more. dennis?eryone looking for the ipad killer. after all the apple product is already slain the likes of motorola and rim and hewlett-packard. along comes amazon with the anti-ipad, for less than half of the starting price of an ipad, amazon is betting that people will want less power, fewer fancy features but the price is so cheap they won't be able to resist. for 200 bucks you get a 7-inch screen not 10 inch screen like on ipad. weighs less than a pound. hire's the thing. 100,000 titles of movies and tv shows. you don't get wireless cellular service, g-3. don't get camera and e-mail. amazon is betting most of us don't care. amazon is betting 80% of the ipad users only use 10 to 20% of the features. this is their bet on a tablet for the rest of us. couple things to watch. tetonic plates. by doing this amazon takes on apple directly. amazon takes on netflix with all far more titles. amazon allies with google who has the software inside the system. amazon announced a browser that competes with goo