by comparison, the reagan expansion which followed a 1981 recession outperformed the obama economy biometricsmic growth and job creation. the differences the reagan expansion happened in an environment that encouraged americans to work and save. president reagan worked favorably. in contrast economy now confronts policy had wins. every step of the way, president obama and democrats have increased uncertainty. the americans and american businesses face. this has discouraged businesses from making investment that would create millions of jobs and cause a rapid fall in the unemployment rate. instead, they should create a political environment to incentivize people and businesses to invest. then they should get out of the way. this is the first hearing since president obama proposal would require new borrowing from foreign entities, creating debt for future generations of working americans. the stimulus is not paid for. it will add billions more to the national debt and is wrongly focused on tape -- creating taxpayer-funded jobs. the first stimulus failed. we still have 1.3 million fewer american

in the obama economy, one in seven continue on food stamps. recently we had a study released this week from the world bank about doing business in the obama economy, america has dropped from third in 2007, the 13th. in the obama economy the federal reserve just announced a downgrade for their economic outlook for both growth and for unemployment. no, we cannot wait. this isn't about the president's personality. it's not about politics. it's about his policies. his policies do not work. house republicans have a plan for america's job creators. and, unfortunately, -- bless you -- all of these bills continue to stack up like cord wood in the democratic controlled senate. a lot of our bills have to do with easing the regulatory burden on small business. it's not just me saying it. every single day we hear from our constituents. just last week i heard from don in garland texas who, talk about the presence health care plan status quo, we are giving up this part of our business due to federal regulations. this is just one small example of how excessi

. >> in some respects this is the -- the obama economy is a where's waldo economy. it is -- finding a job, a good-paying job in this economy is harder than finding waldo in one of his books. i mean, this is -- the obama economy is a where's waldo economy. >> not a clip of mitt romney from the '90s. that was last month. where's waldo? so every four years we get treated to inadvertent and ill-advised and weirdly telling cultural references from the presidential candidates. it happens every time. we also, of course, learn something about the people from their gaffes. gaffes like rick perry's brain freeze oops thing at last week's cnbc debate or newt gingrich demanding politicians who took money from freddie mac give that money back even though his own lobbying firm took something like $1.6 million from freddie mac. gaffes happen. people screw up. newt gingrich also insisting at one point this year that he did not believe what he himself had said about paul ryan's medicare-killing budget. he said anybody quoting him saying that was lying. don't quote me. if you quote me

by saying that john mccain said we don't want to talk about the economy. obamaistration doesn't want to talk about the economy or stimulus or obamacare or anything. >> bob: mitt romney doesn't want to say anything that is true. how can you sit here and -- wait a second. the guy puts out an ad that is a lie. plagiarism. >> kimberly: you're right, it's misleading because it's referencing reading what john mccain said. the rest of it is quite compelling. >> bob: you want this guy to be president of the united states? there you go. >> eric: before we move on. >> greg: the poll is from quinnipiac. the more obscure the college the more polls they put out. what is the other one? suffolk? major in clipboarding holding? >> bob: quinnipiac is one of the oldest, most reliable polls in the country. to show romney is one point of obama. i could have bolling in one point. >> kimberly: carrot top. >> andrea: you think that is positive? >> bob: but the fact obama is not behind by ten points now is amazing. shows how weak the republicans are. >> eric: he is in new hampshire. let

americans polled are evenly divided on who they trust on the economy moving forward. 42% trust obama. 42% trust the gop. >> voters don't like what they sea with the president in terms of his handingle economy but don't see anybody out there will necessarily do a better job. >> reporter: and with a 38% job approval rating when it comes to handling the economy, president obama is still holding above low points seen during previous economic downturns. 23% approval on the economy for the first president bush. even ronald reagan reached lower point midway though his first term. what's keeping president obama competitive even in this economy? 80% of democrats and democratic-leaning independents say they're satisfied with obama as their party's nominee. while 59% of republicans are satisfied with their choices. in head-to-head matchups, obama 46%, mitt romney's 47%. obama 50% to herman cain's 45%. and president obama goens rick perry, 51 prrs to 43 prrs. >> very close numbers bring in our senior washington editor rick klein, still a year to go and i wanted to ask you about something else the

obama. they see a failing economy and a president whose policies have made this much worse.and frankly they are looking for somebody who is going to be able to talk about how we're going to create jobs, how we're going to get the economy growing again. you know, there's a lot of kind of interest in, you know, other topics going on right now particularly in the mainstream media. but at the end of the day i think that it's pretty frustrating.... >> schieffer: if you were herman cain's campaign manager, what would you tell him to do? would you say you need to let this all out as ken said because it may come back and haunt you later on? or would you advise him just go right on? >> well, i think it looks to me from the outside like he's done a good part here towards getting facts out. there were legal ramifications about speaking to this issue. i understand now that the accusers have said at least one of them has said she doesn't plan to come out and speak publicly. it's a really fine line. at some point you've got to say, look, here's the deal. here are the facts. i think he's b

economy. when i am posting up against barack obama in those debates and we are talking about the economy, i will speak with credibility. i would describe why what it is he did make it hard for this economy to get free booted. i actually think he is a nice guy. i did think he is out of this league and does not understand what it takes to lead and get the economy going again. there is the secret. pass it along to the dnc 7 know it is coming. -- so they know it is coming. >> thank you for being here, governor. with the economic uncertainty and to give any assurances that your administration would not change the rules and taxation on what people save for retirement and their families? >> i would change one very important role for families and that is for 98% of americans for people earning $200,000 or so a year and last i would say you should be able to save your money tax-free. no tax on interest, dividends or capital gains. [applause] the reason for that is middle income americans are the ones who been most hurt by the obama economy and i want to help middle-income americans. i like more capital b

. >> smith: but the people who say now after three years, it's obama's economy, just as these are obama'sars. you, you buy that? >> klein: no. >> smith: you don't. >> klein: no. i think that -- and it's certainly not obama's deficit. you know, partially it is. but we had a president for the previous eight years, i, i think he came from here? >> smith: we, we've, we knew him a little. >> klein: yeah. >> smith: yeah. >> klein: but, you know, when he came into office we had a balanced budget. in fact, we had a surplus. and he went and spent the money on two wars, on, on two humongous tax cuts, especially for the wealthy and, and on a, a medicare prescription drug benefit that, you know, that didn't have any reciprocal. >> smith: wasn't paid for. >> klein: yeah. >> smith: right. >> klein: so, you know, obama walked into a giant hole. and you know, we can, we can criticize him for things he did along the way or didn't do along the way. i, i certainly have. >> smith: yeah. >> klein: but this was a real hole he was walking &->> smith: before we get to -he republicans running now, i want to ask y

. >> the obama economy have crushed middle income americans. >> it was another rough night for repairing. fumbled again on the debate stage. >> i would do away with education, the commerce -- let's see. i can't. sorry. oops. >> the housing crisis, texas, and social security or also touched on during the debate. tara mergener, wbal-tv 11 news. >> continuing coverage on our website. you can follow the candidates and keep track of who is leading the pack. does go to wbaltv.com and click on -- just go to wbaltv.com and click on politics. >> survivors continued to be pulled from the rubble of an earthquake in turkey. >> a rude awakening for one family. a police corps in the up inside a home -- a police car ended up inside a home. >> where is ava? i think i just saw edgar allan poe. >> 88 mess and other -- ♪ >> good morning. we're live this blame. we are playing "where is ava?" i'm inside the westminster hall catacombs. edgar allan poe is buried outside. poe.on i saw a bronedgar allan here he is. >> i'm here to express my gratitude for the good people of baltimore for the support they have sho

economy and jobs. i think they were focused on the problems that obama had with really understanding and promoting a freei thought the debate was good and the candidates didn't go after each other like we had seen in the past. it made a good impression on me overall. >> did it trouble you that all the talk today will be on the gaffe by governor perry, not necessarily the message and the good parts of the debate you mention spmd it is a problem. we need to stay on message. the last week has not been good to focus on jobs and economic growth. i thought we heard a good message out of our candidates last night. so i think when we get to saturday with the cbs debate and near my hometown that we'll see the candidates have a chance to talk in more detail about foreign policy, big issues. i think it's starting to make our candidates look good. >> we do appreciate the great state of south carolina hosting us this week. let me ask you. when you see the candidates on stage last night and you see their performance, if you had to pick one that you would put up against president obama in a debate setting now, who woul

then candidate obama criticized his opponent for not wanting to talk about the economy. today president obama and his campaign are afraid to talk about the economy. despite it's size, new hampshire could be pivotal in a close general election. the president won it in 2008. but polls show romney, who owns a house in the state, and served as governor in nearby massachusetts, is leading obama in new hampshire by as much as ten points. before romney can actually take on the president, he still has a tough primary battle. and right now, some polls show him running second to newt gingrich. as the polls have shifted, occupy wall street protesters have targeted the candidate. today it was mr. obama's turn. republican candidates have a chance to reshuffle the deck once again tonight. they face off in their 11th debate. one of the key topics will be foreign policy. that's a topic that some of them have struggled with. brian? >> kristen welker back at the white house tonight. kristen, thanks. >>> at the other end of pennsylvania avenue today, after that special congressional deficit

he can say anything he wants, he loses. >> the argument that -- the real test of how bad the economy is, obamasn't want to talk about it. he wants to talk about raising taxes on the rich, because that polls well. we will know the economy is seriously doing better when obama wants to talk about it. i don't see that happening anytime soon. >> he is going to have to talk about it next week when leaders from the e.u. come over. they are meeting with him at the white house. they are also going to meet. secretary geithner is in the meeting and secretary clinton. other meeting with the leaders to talk about the global effort. bolstering in what will happen to europe. >> the republicans need a better strategy than hoping that europe collapses. i'm not sure that that -- let me answer shannon's question. >> hope is pure analysis. >> i think luckily for president obama, his political interests and the self-interest of the europeans converge here. the germans resisted the money printing solution of the european central bank for months and months insisting that the countries get their debt under control fi

this is the obama economy as senator alexander pointed out -- pointed out. they reshapeded government policy when they came to office in a dramatic way. they moveded us, i believe, a long way in the direction of becoming a western european country. the results are on full display and the american people have an opportunity next year to answer the question how do they feel about it? thank you. >> the senate has gaveleded in for a period of general speeches after passing a portion of 2012 spending on a bill that includes agriculture, transportation and other departments. senator this is afternoon will get a closed door briefing from defense secretary leon panetta, an update on afghanistan, pakistan and iraq. meanwhile "the washington post" reports that democratic leaders of the house are headed to the white house to meet with president obama and vice president biden, steny hoyer and nancy pelosi will be there, reporteded to be at 3:00. the u.s. house will be gaveling in late they are afternoon, probably around 4:45 eastern, among the bill one that reaffirms "i

. >> eric: are you leaning back in the flame suspenders you have going on -- by the way, obama economyright? this is what your -- >> dana: this is the summer we've all been waiting for. >> eric: 48 million people on food stamps in america. >> greg: if you think obama has the election wrapped up? >> kimberly: i was trying to bring you in and you were trying to bring me in. really sweet. i think he will get re-elected at this point. i feel like what bill clinton was saying in the "new york times," look, we can probably take it together. they can't even figure it out for the primary. decide who they want. >> dana: do it for 2016. >> kimberly: exactly. okay. governor christie, romney surrogate and probable candidate for 2016. it seems like the leapfrog ahead. up next so what is the point? huntsman will be president. >> dana: you can say that. it wasn't just black friday. the idea of small business saturday. president obama did something i thought this is what you do with presidents. he went to kraemer books, which is where i used to go to buy books when you bought hard copy books. you went

is it obama's economy? this a vestige of the bush years. >> i've seen things that bush created, the wars over in afghanistan and iraq, as well as the tax cuts, that he's responsible for something like $600 billion of the present problems, and obama around the $300 billion level. so just mathematically, of course it's the carryover from the bush administration. >> two thirds/one third there. back to you, lawrence, as part of this discussion about the deficit and we looked at the super committee, and that they failed to come up with that which was tasked of them, you suggested one of the solutions might be is to tax millionaires more. do you think that will work? what. >> it may not take a major chunk out of the deficit problem, but would definitely serve to pay down the interest on the foreign debt, which unfortunately our taxes are going to pay a large earp and larger percentage of. we won't have spending cuts. we'll have dwindling services. and because or taxes will be going to pay interest down. sblopt to

the next is we have the worst economy in the history of the world because of obama's economy. >> ericing better. i won't let you forget it. i wanted to dress up for you. thought it would be nice. going to your house later. >> eric: you have a cigar later. >> andrea: i don't know what your ex-mother-in-law said but you are grumpy today. >> bob: i'm not grumpy. i got on a train to come up and do the show and turn around and go back. >> eric: i have a special surprise at the end of the show. >> bob: oh, my gosh. >> kimberly: got to go. my tease. coming up, believe it or not -- >> andrea: bob thinks everyone should be thankful for 1%ers. we'll see what he has to say about it next. ♪ ♪ york and "the five." ♪ ♪ >> dana: welcome back to "the five." bill lumen is a georgia businessman and he owns u.s. cranes. he is not happy with the president. in fact, he is putting signs in his country truck that says new company policy, we are not hiring until obama is gone. eric, being the report they're you are, you called and talked to him today. what did he say? >> eric: i did. he said he was losing cu

it's the republican economy. if obama had his economy, all the initiatives would come true and we would be moving the country forward. it's not his economy. >> all right, how much of this is the ideology of the president who is in power and the people who never liked him in the first place and now turning away from him and how much of it is the economy that has not improved? >> i think a big part of it is the economy. the loss of white support can be attributed to really his healthcare plan. i think, and the independents. his healthcare plan, the republicans kind of out maneuvered him. the tea party and those who opposed healthcare, which essentially was trying to get to universal healthcare. i think he lost a lot of that support. >> i think that's a fair point. >> listen, on the healthcare issue, i don't know if you saw the release in the post today. americans overwelmingly want the supreme court to overturn obama care. they understand it on a hospital level. the petitions, and on their level. they don't see the improvem

here's a little bit of it for our viewers. >> i love these folks who say, well, this is obama's economy> not a single job. >> no jobs created. zip, zero. >> people are demoralized. >> a great country requires a better direction. a renewed nation needs a new president. i believe in america. i believe in a purpose and a promise. i believe her best days have not yet been lived. >> okay, so mark mckinnon, my first question to you is, is there such a thing as going overboard? you know, clearly we have the pounding horse hooves and the texas boots and there's this very clear differentiation between here's president obama and there's all this confusion, the economy's bad, and in rides a guy on a white horse from the west. it just has a sort of "legends of of the fall" feel to it. >> these days you have to press the envelope. the president's whole zero idea got a lot of attention. and we're seeing how much focus there is on web content as opposed to actual web advertising. what they're trying to do is break through and get attention, and this spot achieved that. it got a lot of attention. >> it

the next is we have the worst economy in the history of the world because of obama's economy. >> erict. i wanted to dress up for you. thought it would be nice. going to your house later. >> eric: you have a cigar later. >> andrea: i don't know what your ex-mother-in-law said but you are grumpy today. >> bob: i'm not grumpy. i got on a train to come up and do the show and turn around and go back. >> eric: i have a special surprise at the end of the show. >> bob: oh, my gosh. >> kimberly: got to go. my tease. coming up, believe it or not -- >> andrea: bob thinks everyone should be thankful for 1%ers. we'll see what he has to say about it next. ♪ ♪ welcome idaho, where they grow america's favorite potoes. everyone knows idaho potatoes taste great. but did you know they'reood for you too? they're high in vitamins and potassium. and idaho potatoes are now certified to carry the heart checkmark from the american heart assoction for foods low in saturated fat and cholesterol. so they're good for my family, and for yours. heart smart idaho potatoes. always look for the grown in idaho seal. i

the next is we have the worst economy in the history of the world because of obama's economy. >> erict. i wanted to dress up for you. thought it would be nice. going to your house later. >> eric: you have a cigar later. >> andrea: i don't know what your ex-mother-in-law said but you are grumpy today. >> bob: i'm not grumpy. i got on a train to come up and do the show and turn around and go back. >> eric: i have a special surprise at the end of the show. >> bob: oh, my gosh. >> kimberly: got to go. my tease. coming up, believe it or not -- >> andrea: bob thinks everyone should be thankful for 1%ers. we'll see what he has to say about it next. ♪ ♪ ♪ ♪ ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes, and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. @ ♪ sing polly wolly doodle all the day ♪l values ♪ hah @ i took some steep risks in my teens. i'd never ride without one now. and since my doctor prescribed lipitor, i won't go without it for my high chol

if he keeps talking about the economy, obama's going to lose. of course the democrats are claiming that obama is not talk about the economy, quote from 2008 was taken out of context on the technicality that it was. here's the original. >> senator mccain's campaign actually said, and i quote, if we keep talking about the economy, we're going to lose. >> stephen: now sure, hold on, hold on, that may look like an unfair edit by romney but later, i will edit this so that it doesn't. and folks, i am happy to say that the author of no apology, mitt romney, is not going to apology. he explained this out of context edit in one sentence. >> what's sauce for the goose is now sauce for the gander. >> stephen: yes, sauce for the goose is now sauce for the gander. and it does not matter if the gander that the goose is talking about was quoting an old duck. (laughter) the point is-- (cheers and applause) >> stephen: the point is those words came out of obama's face. now they're his words. i mean just like some of my most famous quotes, ask not what your count