former cbo director, douglas holtz-eakin, next.ou: the unemployment rate dropping and dramatically. the jobs picture, however, is still stagnant. former cbo director, douglas holtz-eakin, joins us here in just moments to explain all of this and to give us a perspective on the economy going forward. on wall street, stocks finished the nasdaq down about 13 points. for the week, both the dow and s&p up 1% while the nasdaq posted a fractional gain. as i reported, the september unemployment report did come in at 7.8%, down from 8.2%, 114,000 jobs, 10,000 of them government jobs. unemployment is 15% with 23 million americans still unemployed, under employed, or having simply given up looking for work. crude oil dropping again on concerns of slow economic growth. crude oil down a dollar 83 under $90 a barrel. for california, prices statewide for gasoline are $4.99 a station, and some stations charges $6 a gallon. others shut down because of gasoline shortages. nationally, the price of a gallon is now $3.79. good news, however, exxon repor

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former cbo director, douglas holtz-eakin, next. ve lately. because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. lou: the unemployment rate dropping and dramatically. the jobs picture, however, is still stagnant. former cbo director, douglas holtz-eakin, joins us here in just moments to explain all of this and to give us a perspective on the economy going forward. on wall street, stocks finished the nasdaq down about 13 points. for the week, both the dow and s&p up 1% while the nasdaq posted a f

lou: douglas holtz-eakin, good to talk with you, thanks. >> thank you, lou. obamacare rant went viral. 2 million folks got engaged. the illinois state candidate joins us heres. i was always interrupting my teammates. earlier in my career, my coach approached me. he said, "i think that, you know, sometimes i don't feel like you're focused." so the next day, i went and saw a doctor. it was my adhd. like many kids with adhd, i didn't outgrow it. if you were diagnosed with adhd as a kid, you might still have it. find out more. take a quiz at ownitquiz.com to help recognize the symptoms. then talk with your doctor. it's your adhd. own it. mortgage. married. two great kids. he wants to protect his family with a $500,000 term life insurance policy. what do you think it'll cost him? a hundred dollars a month? sixty? forty? actually none of the above. john can get a $500,000 policy -from a highly rated insurer - for under $25 a month. his secret? selectquote. selectquote is impartial. they'll search the pick of insurers like these to give you a choice of your best pri

lou: douglas holtz-eakin, good to talk with you, thanks. >> thank you, lou.: up next, a remarkable woman who is obamacare rant went viral. 2 million folks got engaged. the illinois state candidate joins us here think 10 or 20 pounds of extra weight isn't much? we went to a park and we handed people 10- and 20-pound sandbags. here's what happened. i just truly feel winded. i can feel it in my back. i didn't realize what extra weight on the body feels like. oh, i definitely felt it in my knees. you can easily put 2, 3, 4, or 5 pounds on in a year. woman: 10 pounds makes a big difference. no one liked carrying the extra weight, but people do it all the time. wouldn't you like to drop that weight and stop picking up more? man: i think this is a lifechanger for me. . you know, i often say, look at me, i am nobody's puppet and nobody owns me. i can just do the right thing. i believe that the time has come, i am a national team in this country was founded on entrepreneurship and the less government and so, we need people to vote their conscience and vote right becau

former cbo director, douglas holtz-eakin, next.se fellas used capital one venture miles for a golf getaway. double miles you can actually use... but mr. single miles can't join his friends because he's getting hit with blackouts. shame on you. now he's stuck in a miniature nightmare. oh, thank you. but, with e capital one venture card... you can fly any airline, any flight, any time. double miles you can actually use. what's in your wallet? alec jr? it was a gift. lou: the unemployment rate dropping and dramatically. the jobs picture, however, is still stagnant. former cbo director, douglas holtz-eakin, joins us here in just moments to explain all of this and to give us a perspective on the economy going forward. on wall street, stocks finished the nasdaq down about 13 points. for the week, both the dow and s&p up 1% while the nasdaq posted a fractional gain. as i reported, the september unemployment report did come in at 7.8%, down from 8.2%, 114,000 jobs, 10,000 of them government jobs. unemployment is 15% with 23 million america

the jobs report and weighing its impact with moody's analytic chief economist mark zandi and douglas holtz-akin, and white house correspondent jackie kol linz, and cnn's chief white house correspondent jessica yellin. i'm candy crowley. and this is "state of the union." >>> it was not unanimous, but there was overwhelming consensus among viewers and pundits that mitt romney shined in denver's debate season opener and the president did not. the new yorker magazine summed it up with a cover cartoon of romney debating an empty chair. the captain "mitt stands alone." campaigns are only as good as their last news cycle, so on to danville, kentucky, and thursday night's battle of the number twos. joining me now are philadelphia mayor michael nutter, a long-time friend of joe biden, and republican party chairman reince priebus. and mayor nutter, stand by with me, and i want to get to the party chairman, and we'll be back with you. mr. chairman, thank you for joining us. i want to talk about the great burden of great expectations. there was a cnn poll, and who is going to win the vice presidential deba

we'll talk to douglas holtz-eakin on the budget deficit.e will give us some insight and analysis how it all works into the election next hour. friday trading session still underway. we'll see you in the next hour. keep it here on fox business. [ le announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of llars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choo

stuart: douglas holtz-eakin. thank you. >> what do you make of that.u were bursting. charles: i agree with him. i think he was being too niles. i saw a lot of red flags in this report. 104,000 private sector jobs versus 215 the same period. 600,000 increase in part-time and 16,000 jobs lost in manufacturing another month in a row manufacturing jobs are fading, to me they're all red flags. 1.3% gdp you add it up we're moving backward not forward. >> he made a great point the household survey how they gom to 873,000 new jobs added. charles: i'm saying that my hunch is that they asked the question differently, that's all. stuart: well, now. charles: i think they asked the question differently. stuart: i don't believe they cooked the book, i think it's oh, so convenient the number 873,000. charles: maybe cooking the books is a harsh term, but i think they found a way to manipulate the numbers not necessarily by shenanigans, but asking the question differently from the three previous months. and it's just a hunch. stuart: statistics, to be statistically via

i have jim boykin here, smart guy, he's already challenging holtz-eakin on that. how much? where?defense? nondefense? safety net? where's it going to come from? >> i can't tell you where it's going to come from but i do believe it's going to be specific. i do know that the american people, regardless of the specifics on spending, i agree with the earlier comment that he's got to be specific on how he's going to create jobs. but relative to spending, the people sitting at their kitchen table, talking kitchen table economics know we cannot continue the spending, the run away spending like we've done in the last four years, $6 trillion. >> rick lazio, quickly, i want to ask you this on the way out. i have read the romney plan. i read all of it, whatever, how many pages. >> p he wants to take spending as a share of gdp down from 24% to 20%. >> which is where it was in 2007, by the way. >> in the first term, in the first four years. roughly, roughly on a cumulative basis, ilt close to $2 trillion below the growth now. in order, the growth is this and romney is going to lower the growth

douglas holtz-akin is a former director of the congressional budget office. he was chief economics adviser to john mccain's presidential campaign and is now president of the american action forum, a policy think tank. neither holds an official position with the current campaigns. jared, i want to stewart the $5 trillion number because there's a dispute over it, where it came from, what is the president referring to? >> mitt romney has proposed to cut taxes across the board by 20%. cut tax rates, i should be precise about that, because it matters. you lose $5 trillion in revenue over ten years if you cut tax rates by 20% across the board. that's the calculation of a non-partisan group widely agreed to be accurate, the tax policy center. now, here's where things get complicated because what the --. >> brown: you're going tligt there right away, aren't you? (laughter) >> it's like we're up there on the stage last night. what the governor says he will do is fill that $5 trillion hole by getting rid of a bunch of deductions and loopholes, so he'll offset the reven

it holtz down the value of their goods and we lose jobs. that's got to end. they're making some progress, they need to make more. on day one, i will label them a currency manipulator, which allows us to apply tariffs where they're taking jobs. hacking into our computers, counterfeiting our goods. they have to understand we want to trade with them. we want a world that's stable. we like free enterprise, but you have to play by the rules. >> governor, let me just ask you -- if you declare them a currency manipulator on day one, some people say you're just going to start a trade war with china on day one. is that -- isn't there a risk that that could happen? >> they sell us this much stuff every year, and we sell them this much stuff every year. it's pretty clear who doesn't want a trade one. lgts it's a silent war and they're winning. we have an enormous trade imbalance with china, it's worse this year than last year, and worse last year than the year before. we have to understand that we can't just surrender and lose jobs year in and year out, we have to say t

doug holtz-eakin,merican action forum and steven sigman, senior vice president for global strategy group. steven what i will start with you, what happenedo your candidate's big mo? >> look at a poll every two minutes you see sething different. melissa: there i momentum here. there is a trend here. >> i actually don't think that's right. i think the trend at the end this week, ifanything is ind back to the presidt. but much more important --. melissa: what poll would that be? >> the poll of the "rasmussen poll" today, the ipsos poll today, the marist, "wall street journal" polls in wa and wiscons show the president up by six and five points and 18 among women. the polls are going all ov the place. what they really --. melissa: there are a lot of polls. >> what they show is close race. melissa: byron, to yo, do you think there is trend for mitt romney? a lot of people do? >> in florida, i think something is gog on in florida and workiig in mitt romney's favor now. no doubt about it. he seems to be moving ahead. this is not a big sign of victory. florida for romney is a state you don't win

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. >> the book is lincoln's forgotten ally, judge advocate general joseph holtz, and the author, lincoln prize winner, a elizabeth leonard. elizabeth, tell our audience who the man is. >> judge holtz is a kentucky native who came to washington in 1857 after a career as a lawyer and an orator and became a member of james buchanan's cabinet and served there until the end of buchanan's administration. the last post in the administration was to serve as the secretary of war so he was the secretary of war during the succession winter. he then, in 1862, after lincoln was president, a year and a half into the war, was lincoln's judge advocate general, head of military justice overseeing the court marshalls and military commissions and so on that the war department had to conduct. >> why a book on this gentleman? >> well, the title showed give you a clue. he's a very important figure, and he has been completely understudied. he's not entirely forgotten. that might be a slightly misleading aspect of the title, but he's remembered for one aspect of his service in the government which is he was the

douglas holtz-eakin will be here to tell us what this means for the election. connell: over the weekend, the super sonic skydive. this guy is crazy. everybody talking about it on the internet. big pay off for advertisers who were betting on this guy jumping from whatever it was, 24 miles up. dagen: is it wrong to say i really didn't care? connell: um, no. dagen: i just didn't. connell: even though it is sponsored by red bull, unlike you. let's look at some winners in the s&p 500 today. market is up and so are the stocks. never mind -- i was going to suggest -- no i'm not going to suggest that you jump from -- dagen: off a cliff. connell: no not that. dagen: 56 million seniors, many of them voters have just found out how little they will get as a cost of living adjustment next year. this economy dependent on the consumer and who is spending money. just got a shot in the arm in today's retail sales numbers from one thing. we will tell you what it is. and that skydiver who made the record jump over the weekend, also scoring big-time for advertisers. it's the botto

proper professor charles lipscomb and former director of the congressional budget office, douglas holtz-eakin. thanks to you both for joining us. doug, what do you think of those pictures? >> i think this is a reminder that greeks have not done the hard reforms they need to be successful. to be successful in the bad growth, big debt environment they have to cut government employment and reduce transfer programs. they have done very little of that. they were supposed to cut 30,000 jobs. they cut 1,000. they lost another nine from attrition. their entitlement reforms are not too dramatic. they have the retirement age up to 62. it is 67 in germany. angela merkel is there to remind them they have a lot of work to do. melissa: charles, what do you think of those pictures? >> well, they're the, european equivalent of burning an american flag, right? they're dressing up to in order to insult --. melissa: at least. >> in order to insult the germans. what doug says is absolutely right about how, how much austerity still has to go in greece. but it is also worth remembering that over the last three yea

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doug holtz eakin and zandy. forget the loophole. you would see the top rate go down to 38%.eally, certainly not a drop like jfk did or reagan did. can 35 to 28 really spark real gdp growth? >> i would agree we're in a different world, a better world. the thing they have in common is that these are permanent tax reforms. permanent changes have a much bigger impact than do temporary targeted changes. makes sense. you get a tax cut per day, wouldn't make much of a difference. the te search also forced that notion. as a permanent change that illuminates uncertainties about the taxes. the second piece, there's this complexity that causes people to waste money with tax planning, lawyers. it leads you to waste business decisions on the base of taxes. it erodes the faith in the tax system. i think the combination of the permanence and getting businesses to focus are big for growth. >> i understand your point. i think that's a fair point, but mark, let me ask you, is it fair for paul ryan to compare what he's proposing to what reagan and jfk did? >> for the reasons you gave, the top

doug holtz-eakin, american

doug holtz-eakin,merican ac

. >> they descended upon the area as it were expected to be the worst hit, booking up holtzs and getting to be where they needed to be within the hours of the storm clouds passing. that's the good news. there is indeed fine print. in millions of those policies, it's kwoon expensive surprise to people who can least with stand any more spreezs, and christine romans is here to talk about that, and, also, to talk about how insurance actually kicks in. before we say that, i want to show some video of a tree falling for a good reason. have a look at this. watch as this thing comes down. oh, you don't want to see this if it's your backyard in huntington, new york. >> there it goes. >> it looks like it's going to fall on the neighbor's, christine. at the very least it took out that shed and the fence, right? it may have hit the neighbor's house. that is a tree fall that is covered by insurance. if your house is hit, it's your homeowners insurance that's paid. if it's your little shed and your fence that's paid, most policies that covers it. >> the neighbor that just got hit by that tree, doesn't

it's like when lou holtz was the coach of notre dame and playing east/west texas state, i don't know, they're pretty strong this year. you have to put it in some context. both of these people as you point out have risen to a point where they are the nominees for president for the parties. neither are bad debaters. they are both able and capable. you're right. look, barack obama hasn't debated in four years. mitt romney has had a lot of debates in that time, but i do think it's worth noting, andrea, that all of mitt romney's debates have been against multiple people. there was never a time where he had a one on one debate against rick santorum or newt gingrich or rick perry. always debating four or five people who were really sort of aiming at him. he was the frontrunner throughout. barack obama had four debates against hillary clinton, one on one in the 2008 democratic primary, then three debates against john mccain. it's a different dynamic than to be the frontrunner where four or five people are aiming at you throughout a debate. >> here we are on the eve practically of the first de

i live with joseph holtz in my head for a long time. >> for some writers going to a place where something happened and sort of connecting back is important. >> absolutely i went because i came when i first was introduced to him early on in the civil war but wrote a book about the focus primarily on the assassination and its aftermath and i went to all kinds of places around washington and so on and i stayed in a hotel next to their house and so i went to a lot of places relative to the assassination and as i studied his life more fully and went to kentucky to see his old family mansion and went to the places he had gone to school, some of the remnants of those things. i've been to places they are completely gone. he had a beautiful mansion in washington that's completely gone, too but i've been to those places and then stevens port where his grave is and visited the broken-down old mansion. there's an interesting thing about holt that as much as he left kentucky and his family values behind, when he died he wanted to go back and there was some reconciliation with some small branch of the

. >> this is why lou holtz is so right, when you have two quarterbacks, you have no quarterbacks.ing is the quarterback's going to have a bad game. you've got to stick with that quarterback, ride the quarterback through the season. and then trade him at the end of the season. you know, sanchez, i don't know if it's good or bad, but every time he threw a pass, he was looking over at tebow. and it distracts you. >> i don't think that's what he was looking at. >> they've got 12 more games. if they ride him out through 12 more games, they could be in trouble. >> they could be in a position to get geno smith or matt barkley. >> they just trade him. >> so let's talk about the saints/packers. packers get jobbed on "monday night football," almost get jobbed again yesterday at home against the saints. >> it was going to be a riot. darren sproles fumbled the ball. the ball was clearly out. it wasn't clear who recovered it, but it was a bad call in realtime. the packers didn't have any time-outs left which you need to have in order to challenge a play on replay review. but the packers held o

>> you know, it's going to be tough but i think that i'll put my lou holtz hat on and carolina will squeezeone out. >> boomer/sooners. oklahoma/texas today. the red river rivalry. the most hated school in texas takes on my beloved sooners. 81 degrees. 20 to 25 miles an hour. a big one down there. >> every week the most hated school. >> it changes. >> goes on rotation. >> whoever dares to play my sooners that is the most hated team. texas holds a special place in my heart. >>> next some of the best places around town to catch the fall foliage. >> and the unique bond between furry friends that has become an internet sensation. >> you're watching news 4 today. >>> today if you can bear the chill it might just be the perfect day to enjoy the autumn leaves. it's the warren harris society's annual fundraiser the festival of leaves going on today until 6:00 in downtown front royal, virginia. there's going to be plenty of music, food, crafts, even historic tours. it's the 42nd year for the event. >>> and front royal is just one of many places where the leaves are starting to change this time of yea

you know, lincoln was famous for writing a without any protection holtz, one of the things he did aty end of his assignment as buchanan's secretary of war was make sure that lincoln got into washington and was inaugurated safely. and he carried the pride of having overseen that throughout the war. and having spent many hours and days and weeks trying to find where the traders were in the north who might -- the northerners knew the south was at odds with them, but where were the seven allies in the north? how can they be uncovered? how can their plots be stopped? and hold was very involved in that. very devoted to lincoln. i think when lincoln was assassinated, i cannot even imagine how devastating that would have been for him, especially looking back four years and knowing that he himself had been so instrumental in making sure that lincoln was safe at the start of his presidency. >> do you think that personal relationship in his feelings toward lincoln potentially could have clouded at all the prosecution of mary's a rock and the conspirators? >> i think it factors into why he becam

former congressional budget office director douglas holtz-eakin and other economists look at the issue. our live coverage from the urban institute here in washington, d.c. starts at noon eastern. >> every generation through our history has worked and sacrificed to leave a better country to their children and grandchildren and future generations. we, we were then spending their money, we are now even more, much more, spending their money, and we are leaving them a mess that will be a very difficult to deal with, and if we are that weak, just think of who wants to come here first and take us over. now, the last thing i ever want to see is to see our country taken over because we're so financially weak we can't do anything. >> uh-huh. >> and we're moving in that direction. we're on the edge of the cliff, and we have got to start fixing it now, otherwise we're leaving a disaster to our children and grandchildren in the future, and we could even lose our country. >> ross perot, interviewed by "usa today"'s richard wol on the economy, the deficit and debt and how it's changed since he ran fo

speakers include douglas holtz-eakin.hat will be live here on c-span2 starting again at 12 in eastern. >> a look now at campaign spending and political ads in the presidential election. from the annenberg public policy center at the university of pennsylvania, this is about 45 minutes. >> i am the editorial communications director at the center for responsive politics, and we are here to talk about the challenges posted journals by dark money and their mysterious donors. erika fowler is joining me on the panel. she is from the west the medium project achieves an assistant professor of government at western university. director of the media project which tracks and analyzes all political ads aired on broadcast television in real-time during elections. she specialized in political communication and she'll be talking about some of the ads we are seeing outside groups and the nature of them. i'll go and talk, go on and talk a little bit more about what we are seeing in the nature of third party ads, third party dark money or

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doug holtz-eakin of the american action for them. with that i think we will just take a second to get everyone here miced. >> [inaudible conversations] >> well, thank you for joining us. we have a lot of things to talk about. a lot of things came up in the last panel. we talked the last panel a lot about 2013 and what's going to happen, but i want to go back to the end of the year. you know, what do you both feel like is likely to happen then, and what are some areas you can see a compromise happening? do you want to start? >> sure. i think it's important to recognize there really are three different issues involved, and the first is literally the fiscal cliff, the end of the year tax increases on spending cuts the will happen on autopilot which i view as a threat to the economy. we have a very weak economy that's moving sideways at the moment at best, and that issue is going to face in the lame-duck. there's also the debt limit. my own view is you should keep the debt limit as far away from the fiscal cliff as you can. there is noth

douglas holtz-eakin is president of the american action forum and headed the domestic policy staff in the campaign ad was the director of the congressional budget office. donald marron is the director of the tax policy center and member of george bush's advisor and acting director of cbo and finally, digamma rogers blogs as an economist and was the chief economist of the house budget committee for the democratic staff of the house ways and means committee. the format today will be relatively straightforward. each of the panelists will speak for five minutes. i will ask some questions and we will get a discussion going up here and then turn to the audience to give you all a chance to ask questions. we have people watching on c-span and on the web. if you are not in the room and have questions, please send them to publicaffairs@urban.org and the questions will come to me. let's start. >> thanks everybody for being here and for braving the rain to talk about the fiscal cliff and we will try not to ruin your lunch. as howard mengin we put out a report yesterday about the tax components of