eakin. mr. eakin, no. mr. cole. mr. cole, no. mr. price. mr. price, no. mr. mcclintkline tok. no. mr. chaffetz. mr. stutzman, no. mrs. black. mrs. black, no. mr. ripple. mr. flores. mr. flores, no. mr. mulvaney, no. mr. huelskamp, no. mr. young, no. mr. mash. mr. okita, no. mr. aginta, no. mr. woodall, no. mr. garrett. mr. garrett, no. mr. calvert. no. mr. van hollen. >> yes. >> mr. van hollen, aye. mr. schwartz, aye. mrs. captor, aye. mr. blumenhauer, aye. mrs. mccollum, aye. mr. yarmouth, aye. mr. pascarell. mr. ryan. mr. ryan, aye. mrs. wasserman schultz, aye. mrs. moore. mr. shuler. mr. shuler, aye. mrs. bass. mrs. bass, aye. mrs. bonamici, aye. mr. chairman. >> no. >> mr. chairman, no. >> sorry. almost got me. almost got me. >> he's coming? hold the roll. campbell. give me a report. >> 13-18. mr. campbell, no. mr. chairman, on the vote, the ayes are 13, nos are 18. >> few more moments, mr. aiken, i believe you have a -- >> yes, thank you. mr. chairman, i asked for unanimous consent that the record report that i was detained for medical reasons and had i been present, i would

urging of todd rufo and jennifer metz from the office economic development and chief economist ted eakin and controller ben rosenfield, we're holding this hearing on the san francisco economic strategy i know they're going to give us the update of several more pieces as we engage the community and promote san francisco's kind of economic future. >> thank you so much, supervisors. todd rufo in the office of economic and workforce development. we're here today in what we hope will be a series of briefings on the update of the economic strategy and before this committee. as you know proposition i requires the office of economic workforce development and office of economic analysis to prepare a long-term economic strategy for the city. as well as provide periodic updates to the economic strategy. today we're here to brief you on our progress and completion of the first phase of our work as well as get thoughts, feedback, answer questions and thought to you a little bit about what next steps are following this hearing. so it's a two-phase process which we teamed up with o.e.a. on. today ted e

but somewhat eakin to the issue of belt control, we're going to have to figure out how spouses will orill not be able to get birth control or health care in a marriage that the state recognizes and under lasses people have to pay for it. where do those laws end up going? >> my guess is we draw a pretty bright line between the people doing the re-i will gous work and those in the back offices. on the other hand people doing back-room work probably will. religions exist in a cultural context, and those values do sometimes change overtime. so in a cultural sense the more the country accepts same-sex marriage the more likely we will be to see some changing their views on that question. >> i think it is fair to say the evolution is a bit slower than the evolution that we're seeing in the political context. richard back to you. obviously there is a huge political aspect to this. the screaming and shouting the past day does it help or hurt the president? give it your distillation of all you have heard. >> i -- i think it's very hard to say. i think it may change the electoral calculation in s

doug holtz-eakin, robert reich, former labor secretary for bill clinton and author of the new e-bookond outrage." that's how i feel when we start talking about congress and how it deals with some of our problems these days. okay. so is congress finally going to wake up because of this, bob? we have been saying this for months. everybody has been saying it for months, years. is this going to do it for congress? >> hi, erin. officially, i don't think there's going to be any wake-up. i think one has to be beyond optimistic to think in an election year congress is going to actually compromise on anything. now, the hope is that with this warning shot by the cbo, at least behind the scenes staffers and maybe some moderate republicans to the extent there are any left and maybe some moderate democrats will get together and begin planning some way of avoiding this fiscal cliff. >> doug, do you think this will be a wake-up call? because i see that statement from harry reid and want to throw my hands up in the air. obviously, he wants to get rid of the tax cuts for middle class americans and ra

douglas holtz-eakin, former director of the cbo, congressional budget office and president of american forum. welcome back to "america's newsroom". >> thank you. bill: you wrote a piece for "national review" alongwith elaine chao, the former labor secretary. the question is why is creating 200,000 jobs a litmus test of a successful jobs report? we're not at that number and you're not impressed, are you? >> people were thinking 200,000 would be successful. the number we got today, 115,000 was well below that. today's report, bill was one very little sunshine in it. in fact so little, that 34,000 americans simply gave up and went home -- 342,000. we need to do a lot better than that. bill: the labor participation rate is dismal. of the percentage of americans eligible for working the number, 63.6% today. you would have to go back to 1981 before the number is that low. that's remarkable. >> this is a testament to of completely tailed set of -- failed set of labor market policies. this the lowest fraction of americans even trying to work in 3 1/2 decades. we need to put in place policies w

>> student loan issue, one economist, douglas holtz-eakin, former congressional budget office analystke 7 bucks a month to keep at lower rate. that is not nothing but not a big deal especially if you don't have a job. by one study, of northeastern university they found that 54% last year of the students who were under 25 with bachelor's degrees did not have a job. so the best thing you can do for these young people is give them dynamic employment market where they get a job. where they can repay the loans, whatever the rate. jon: right. >> that's the real problem here. there just aren't enough opportunities for those people because the economy isn't growing fast enough. jon: it has obviously become a potent campaign issue. are you saying it is overstressed? if the dollar amount in terms of 3.4% versus 6.8% is so minimal? >> i put it this way if you're 25 years old and going to say i'm going to make my decision whom to vote for based on interest rate, you're fooling yourself because the most important thing for you is to look at the candidate say who will actually create the kind of ec

. >> alisyn: douglas holtz-eakin, the former head of the cbo said you have to look at a few differentding is only going up by 1.4%. however, in the first two-year his presidency in 2009 and 2010, that it was 10%. so it depends on when you take the snapshot of government spending. still the point is this, every president doubles basically what their predecessor did. every president under every president, federal spending still goes up. here are some numbers. >> it almost did double. you're right. if you look going back to reagan. 2 billion. >> alisyn: it is spending by the day. so let's just see. this is how much you spent by the day. 2.5 billion by the day under president reagan. today under president obama, 9.7 billion. >> president bush as you can see, contributed in no small way to this problem spending. an awful lot of money. meanwhile, the president out on the campaign trail, continuing to demonize the private equity industry. he called mitt romney essentially a vampire in an ad. but it seems there is a little hypocrisy on the obama administration because his national co-chair, o

coalition, rob shapiro is a former adviser to president clinton and vice president gore and doug holtz-eakin and is a former adviser to john mccain among others and former director of the cbo. so thank you all for coming. let's dive right in with the most important question on everyone's minds. jobs. let's start with you, doug. if governor romney wins this election, what could we realistically expect from him right away in terms of an immediate job creation plan? >> i think the pressing need are deep structural reforms. we need fundamental tax reforms, entitlement reform bees, education reforms. the governor has placed tax reform at the top of his agenda, and he's taken strong positions on the entitlement reforms as well. so it becomes not a question of do we understand the policy needs, but can you get as a matter of the political progress the job done in washington. and there i think his history of being a governor, of having to work with a legislature will be a real asset for him. >> and what's the sort of underlying economic theory that he is bringing to his plans here in terms of how to