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Unresponsive Administration

Title:

Unresponsive Administration

Published: Mon, 26 Oct 2009

Description: Five economic questions every American should want Obama to answer

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Automatically Generated Transcript (may not be 100% accurate)

" If you were warning Kennedy is only intended for common sense Americans who refused to accept government as the only answer for their problems this program is not White House --"

" Now tonight the Obama administration continues to wage war on the Fox News Channel. And this unprecedented power play from the White House clearly shows that this president does not want to be held accountable for his mistakes. So tonight we are sending an open letter to 1600 Pennsylvania Avenue. Now we have five very simple questions on the economy that every American should want the president to answer -- first and foremost. How much national debt were all children really have to repay -- whether it's the stimulus omnibus spending bill or health care reform. President Obama has shown little regard for the trillions of dollars in debt that our children and our grandchildren will be left and that brings us to our second question. Mr. President why hasn't the stimulus -- successful comeback in February he made this promise to caterpillar employees in Illinois."

" The plan -- will save or create more than 3.5 million jobs over the next two years. -- ignite spending by businesses and consumers. And making investments necessary for lasting economic growth and prosperity. I really."

" Lasting economic growth. Why then did the White House's top economists tell congress just last week."

" That the stimulus has already had its greatest impact."

" And -- the stimulus has been such a sweeping success. Why don't -- have to ask this third question that being why has unemployment continue to rise faster and higher than you promised. By your administration said that if the stimulus passed. Unemployment would remain below 8% but unemployment has continued to soar and now stands at nine point 8%. And it only appears to be a matter of time before it reaches 10%. So Mr. President. When tens of millions of Americans who have lost their jobs since you took office expect to go back to work. And finally since it's clear you'll do anything to increase the role of government in all of our lives."

" Do you believe there is anything that government regulation. Cannot fix. Now we look forward to hearing from the white house on these five."

" Very simple economic questions and joining me now to help explain. Why these questions continue to go unanswered is the author of the New York Times number one best seller catastrophe. Fox News contributor Dick Morris are -- good to -- to -- human rights so. There are some interesting questions."

" First -- an answer to the fifth question. Government regulation cannot."

" Assist the Phillies in defeating the Yankees in the world said -- at that as the big day tomorrow. You know I figured out I'm watching this whole debate over the the Fox News Channel to think is -- And and and I think stupid strategically by the White House -- they get right. -- of the questions on the economy worthy questions -- can we go through and so okay I don't can't don't."

" One of them was on the -- and the debt."

" The problem is right now we're borrowing money -- three and a half percent the lowest of all time the normal rate is about 66 and a half. When it comes up to six and a half and about three years and our debt service our debt is what we think it's gonna be then. We will be paying more money in debt service that in the total personal income tax collections in the United States there."

" In other -- your entire 1040 -- will be devoted to interest on the debt."

" Some employees to talk about guns or butter social -- now it's not that it's guns and butter versus interest on the debt."

" That's that -- pretty for the numbers are staggering and then you question about the stimulus package in the unemployment and so all in catastrophe the book but."

" The basic point is that spending money does not stimulate the economy. Because consumers are not stupid. When they get a check from the government that have gotten by a flat screen TV they pay down that credit card debt. And that was predictable we predicted he didn't catastrophe he didn't listen and someone. And then his the the other question about with the unemployment rate increase. We are now at the end of the bush recession. And we are at the beginning of a recession caused not by the disease but by Obama's cure. What is -- that why the lash out and because and in all honesty I was watching George -- we can't -- a great point. Is no president how could he of all people with the fawning media coverage be complaining about -- media coverage here. -- in the bunker. What he is trying to do was stronger in the bunker -- that's a strategy you know hunkered down in the bunker beneath his strategy is to."

" Put moat around the democratic party's. Attack everybody else is enemies keep everybody else out."

" And try to keep those sixty senators in line as a discipline phalanx even if they march -- for -- that happen. Well I think that it's and it's never happened he's trying to get it to happen and the real question is health care reform if he fails to pass that then he's fan -- Harris and we went and got and right now it's forty in favor 55 proposed. To health care reform."

" If we can move those numbers to 35555. Points more in each direction this package will be dead."

" You really think this could die because it if it was very interest thing. You know it -- all this time that we have spent analyzing you know what the democratic plan the government option one CBO scoring -- one bill we got to build your senate three -- my house. Harry Reid comes out today says government option with the State's ability to opt out and -- included co op. Opt out if the feds feel that they. Have successfully offered an alternative while the effort -- the feds can say no Alabama you're not doing enough real."

" Really and I found out really and I and it's not and in division individual can opt out it's -- state -- had a -- now. And this is bait and switch. In the Senate Finance Committee he got snow."

" and -- this now in the -- Lincoln and -- some of the moderate Democrats to support it without a public option."

" Now we get to that committee puts it in the public option all right so put that he still leads fifty -- gonna use the nuclear option so first of all."

" There's a chance you think this can be defeated you think Andrew who actually can you think Lieberman snow's not gonna go for the high in fat. And I think there's a whole there's a bunch of those that you can get not to vote for the key question now. It's we've got the elderly against it can we get the under thirty voters. And they okay big price and if you go to Dick Morris dot com you can learn all about. How to defeat this bill what do you make of this Gallup study today chose 40% of this country is conservative. Thirty S 6% describe themselves as moderate only 20% liberal and this is the the most liberal agenda we've seen what what do you make of those."

" Numbers that the Democratic Party is right now committed. To passing whatever they can pass regardless of what the public thinks of it and regardless of what the consequences are for their reelection."

" You have to break that phalanx apart. And to do that you need to have a strong public reaction against it. And were on the verge of achieving that what we need to do is to make the under thirty voters understand that they gonna have to pay. Eight to 12% of their income for health insurance you know and that if they don't they can be find a thousand bucks each."

" polling probe all most of your adult life when congress gets to 21% Harry Reid is that that 30%. And Nancy Pelosi -- the state of California's 34%. I would think that the the Democratic Party should be nervous what we're not just a -- Chris Christie coming up later but we got Bob -- these two gubernatorial races he's in Virginia."

" And ever got this 30 election."

" Yeah and they ram this down America's throat America doesn't want this bill yet what are the ramifications of that first -- critically important to Christy -- And anybody who's voting for gadget he's voting for -- to reelect -- it's the third party candidate. And I told Chris -- you know Corzine's criticizing them saying that he's too heavy. Now the governor may be heavier but the taxes will be lighter -- in fact I've selected at. All right so any predictions about a week from tomorrow I think Chris he's gonna win and I think McConnell is gonna win in Virginia is that really -- vote against Obama yes this yeah. Reference -- a referendum rates are. Even if -- were close and -- doesn't pull it out but it's close in a state like New Jersey."

" I think Chris is can we think he pulls it out."

" That's -- that would be a huge. Does that send a message to the blue dogs of course -- and most importantly. Is the message that each individual voter can send by writing this senator -- that congressmen on Dick Morris dot com my talking points for letter you consent to your fear of your website please write. -- It's just eat you never -- opinion we really got to drag and adding every day he fell by Dick Morris and coming up we just get started tonight my."

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