HANNITY: Sixty nine thousand jobs?
CARVILLE: More than the recovery of 2001. At a comparable time, more private sector jobs were created and was created after 2001. It's an insufficient pace, I completely agree with that, but that is a fact. Where the real devastation has been is in the public sector.
HANNITY: But let me give you -- for the first time in American history, we've had our sovereign debt downgraded. We have federal spending, our budget deficit and our federal debt has a percentage of GDP now is the highest since World War II. We have long term unemployment, the highest since the 1930s. More people on government assistance than ever before in history. We now have, what? The fewer people paying taxes than ever before.
Now, Obama said he is going to cut the deficit in half. He said, he was going to get rid of earmarks, he said he's going to turn this economy around, worst economy since the great depression. You are going to say he succeeded?
CARVILLE: Well, you're asking me, are we are better off than we were four years ago?
HANNITY: You really think so.
CARVILLE: We're demonstratively better off.
CARVILLE: Look, we were losing go 750,000 jobs a month, Sean. We're now creating 80,000 jobs a month. You may not say 80,000 is not very good, it's a lot better than losing 750. Look at all of the charts (INAUDIBLE) we didn't know if we were going in a worldwide recession. But the truth of the matter here is, this has been the aftermath of this financial crisis, this has been a very difficult recovery. No problem with that. In terms of the deficit every day, it's 15 percent of Obama's of this deficit are Obama's policies, 85 percent were the policies of the prior administration.
HANNITY: Don't blame Bush.
CARVILLE: When you have a recession -- I'm dealing with what the facts are.
HANNITY: Come on. That's weak.
CARVILLE: And when you have a recession -- when you have a recession, sure tax revenues will go down because not as many people are working and government benefits go up because more people have filed for unemployment and less people are working, and that's the nature of the beast. And yes, it's 15 percent of the current -- what we now as a result of Obama's policies.
HANNITY: Let me tell you the problem that I have with your numbers. And I want to be fair and give you an open shot here on the program. The problem is that the labor participation rate if you're at the level when Obama took office, we would be 11 percent unemployment. He promised, he predicted, his administration, unemployment now be at 5.6 percent. All of his predictions from cutting the deficit in half, all his predictions about the economy have been dead wrong.
And we have found, hang on, you said in a recent interview that the biggest problem in this country has is the deficit. No president in America history has accumulated more debt than him.
CARVILLE: Let me go back.
HANNITY: And you want to blame Bush.
CARVILLE: First of all, they are not my numbers, the number of every analysis, 15 percent of this deficit is Obama, 85 percent is Bush.
CARVILLE: The biggest contributor -- the CBO to any other private thing -- the biggest contributor to this deficit is the Bush tax cuts. But these are not mine. Understand, these are not my numbers, these are the real numbers.
The point here is that, I think that this recession, and as of research we now know, the aftermath of a financial crisis has put this very, very, very nasty recessions. They've gone back and look at that. And that is what happened. This was not a normal, you know, well, you could fix it by interest rates. When Obama took office, the interest rates were zero. They had nothing they could do about monetary policy recession. But it has been tough and I think that -- in my observation, it has been tough on the middle class because the middle class, you know, they lost 40 percent of its wealth between 2007 and 2009.
HANNITY: It's 2007, 2010.
CARVILLE: No, but it will happen about 2009. It will happen about 2009.
HANNITY: It's 2010 is what the statistics.
CARVILLE: No, no, no. But the people that did the research showed the chart, it all happened from 2007 to 2009. They're basically haven't had a race in 30 years and -- it's gone up. The only time that the middle class actually got a raise, it went up was --
HANNITY: What I wanted to say to you is look, if this is the campaign and you are pretty smart political strategist. And I'll be honest I would take Clinton over Obama any day and maybe I was wrong to start to stop the Hillary express. I think I regret it. But here is the bottom line. This president, I call him "President Crybaby." He blames tsunamis, earth quakes, he blames, kiosks, ATM machines. He blames Fox News, talk radio, Karl Rove, Sean Hannity, Rush Limbaugh. Everybody but himself in his own policies. Did he -- do you not say in some way that he failed when all these jobs were outsourced and stimulus dollars went to these foreign countries. Didn't they make you angry?
CARVILLE: Look, if you are asking me what should have happened -- sure, why not? I mean, somebody has got to be president for three and a half years. Would you go back and say, well, do you disagree with this, well, sure. But overall, I think this president has done a doggone good job. And I think he is, you know, he's going to negotiate. So, I think our foreign policy has actually been pretty darn all good.
I think a lot of things that he's put in place have worked pretty good. I think this GM crisis thing was a smart thing that the he did. But, you know, if you say, has he made some mistakes? Of course he has. And who can be president for three-and-a-half years.
HANNITY: Did you see Hillary Clinton getting, you know, tomatoes thrown at her in Egypt for the Muslim Brotherhood? The Arab Spring, the president got --
CARVILLE: The Muslim Brotherhood, they don't like us.
Why didn't the President see that coming? Why he didn't see it coming?
CARVILLE: Why didn't he see it coming?
HANNITY: I saw it coming.
CARVILLE: OK. Look, she is diplomat, one of the things that diplomats do, you go to places where you are not liked. That is the nature of being a good diplomat.
HANNITY: No, I thought -- I felt sorry for her -- I don't want you to misunderstand.
CARVILLE: I mean, I think that she knows that she has a tough job, she is in a tough spot. She's doing a tough job. But again, you just don't go to the people that like you. You got to go to the people that don't like you, that's the nature of diplomacy, that's why diplomacy --
HANNITY: That is why you are here. You are in the belly of the beast.
CARVILLE: I like you guys. You know me.
HANNITY: I'm kidding.