• With: House Minority Leader John Boehner

    This is a rush transcript from "On the Record," June 30, 2010. This copy may not be in its final form and may be updated.

    GRETA VAN SUSTEREN, FOX NEWS HOST: President Obama and House Minority Leader John Boehner are firing missiles at each other! Does Congressman Boehner want to back off? Well, we went to Capitol Hill, where Leader Boehner went "On the Record."

    (BEGIN VIDEOTAPE)

    VAN SUSTEREN: Leader, nice to see you, sir.

    REP. JOHN BOEHNER, R-OHIO, MINORITY LEADER: Nice to see you.

    VAN SUSTEREN: Well, you certainly seem to be stirring things up with the White House with the sort of this do-over on who's out of touch more, whether you're out of touch with Americans more or the president's out of touch with Americans more. So what do you say? I assume you say that it's the president, but let me have your pitch.

    BOEHNER: The president's in a town today with 14 percent unemployment and telling the people of Racine, Wisconsin, that the stimulus bill has created jobs, they just haven't seen them yet. Now, the president and his administration must be the only people on earth who think that the stimulus and more government spending is going to help our economy.

    VAN SUSTEREN: All right, now, you -- that brings me to the second topic I want to talk about, your new report. "Stuck on Stimulus" is the report.

    BOEHNER: It is a report. And really, it outlines that all the spending has not resulted in new jobs in America. The president promised when he signed the bill that unemployment wouldn't exceed 8 percent. But now it's nearly 10 percent. And if you look at African-American unemployment, it's at 16-and-a-half percent. If you look at Hispanic unemployment, it's 12-and-a-half percent. It hasn't created jobs. All the leaders around the world at the G-20 summit made it clear that we have to begin to reduce the debt in the world, not continue to add more debt.

    VAN SUSTEREN: Is it fair to say that the president owns the trend of the economy since February '09, that whatever's happened since February '09 belongs to him?

    BOEHNER: I do believe that.

    VAN SUSTEREN: All right. In terms of any of the indicators, unemployment has stayed about the same? Which has not -- which has been grim and dismal for many Americans.

    BOEHNER: For most of the last year, yes.

    VAN SUSTEREN: All right. Are there any indicators from the stimulus bill that it's working?

    BOEHNER: None that I can see. Now, we've never said that it wouldn't create one job. When you spend $800 billion, somebody's going to get a job out of it. But it certainly has not created the kind of environment where the economy's beginning to move and employers are beginning to hire.

    VAN SUSTEREN: Well, in your report, you talk about the jobs are created, and the jobs, regrettably -- at least I think regrettably -- are, according to your report, government jobs, almost 600,000 government jobs and over 2 million private sector jobs lost.

    BOEHNER: Yes. And that's the whole point. I mean, all the money that was spent in the stimulus bill, and some of this other stimulus spending, has all gone to drive more power into the federal government, more employees in the federal government, which we all know means there are going to be more rules for the private sector coming out of the government.

    VAN SUSTEREN: Is -- now, do the Democrats now want to do another round of stimulus? Is that your understanding?

    BOEHNER: Well, they've been trying to do this for the last month, whether it's the tax extender bill that they've been trying load up in the Senate or the supplemental to fund our troops in Afghanistan, here in the House, where they want to add all of this additional stimulus spending. It's the same kind of spending that was in the stimulus bill that has done nothing to help create jobs in America.

    VAN SUSTEREN: What do the Democrats say to you? Do they say, Be patient, this next round of stimulus is going to work, or the stimulus from February '09 is going to kick in? What are they telling you as the -- as sort of their justification for more stimulus?

    BOEHNER: They are not. They've got this idea of Keynesian economic policy that says when you get a downturn like this government ought to spend.

    But it's pretty clear it has never worked before and it is not working now. The president instead of picking on metaphors that I might use, ought to be focused in on getting the economy going and getting Americans back to work and stopping his job-killing agenda.

    VAN SUSTEREN: You want a do-over on that metaphor which you said the pending financial legislation is akin to killing an ant with a nuclear weapon? You want a do over on that one?

    BOEHNER: I wasn't talking about the financial crisis. It was awful. But fixing the problems on Wall Street could have happened without this giant 2,300 page bill that does nothing to reform Fannie Mae and Freddie Mac, does nothing but institutionalize too big to fail, gives federal bureaucrats power to determine who is too big to fail, who needs help, and gives them the ability to borrow trillions to bail people out. They're unelected bureaucrats.

    My point is this, we could have fixed this problem, plugged the holes, brought more transparency to the system without a 2,300 page bill that puts the federal government in charge of our entire financial sector.

    VAN SUSTEREN: Democratic delegation from the state of Ohio, your state, had a press conference they are criticizing you for a quote you made about raising Social Security eligibility higher than it already is. Your reaction to that, sir?

    BOEHNER: I think it is time we have and adult conversation about the problems facing our country. Clearly, when it comes to Social Security there's a problem. We made promises our kids and grandkids can't afford.

    I suggested raising the retirement age just like the vice president has, just like Steny Hoyer has Jim Clyburn have. Even the president's own budget director Peter Orszag has called for raising the retirement age. We have got to find a way to make sure these important programs are there for the people who need them.

    VAN SUSTEREN: Got a message for the Congressional Democratic delegates in your state in response to that?

    BOEHNER: People in Ohio are asking where are the jobs? Instead of beating up on me and playing politics, maybe they ought to be working on getting the economy in Ohio moving again and helping to create jobs.

    VAN SUSTEREN: Today in "Politico," Congressman Cantor seems to be beaten up. The suggestion is the two of you are not getting long.

    BOEHNER: That is not true. As a matter of fact I just left a meeting with Congressman Cantor. We work well together. There is no daylight in our relationships. And while we are very different people we do work together well and our teams work together well.

    VAN SUSTEREN: How are you different?

    BOEHNER: I'm a little older than he is. I've been around a little longer than him. He's young, he's aggressive. Listen, we come out of two different generations.

    But having said that, our goals are the same. We work very well together. I spend time with him every week, just he and I, talking about where we are going, how things are going, what we need to do. We just did it this afternoon. I can tell you that we have a lot of respect for each other.

    VAN SUSTEREN: The way the article is written, and I say "written" because it is anonymous sources, which is profoundly dangerous when they are anonymous and our readers should read with caution, but the way it is implied is that you and Boehner's people think he's -- Eric Cantor is for Eric Cantor.

    BOEHNER: Listen, when you deal with reporters, I mean I laid all this out to this reporter, just the way I did to you -- of course none of that got in the article because they have this view of how they want to write it.

    Bu it is just not the case. We work well together our teams work well together. We are there to do the best job we can on behalf of all of our members.

    And I think Eric is a valued colleague of mine, and I'm glad I'm working with him.