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Published: Mon, 9 Nov 2009
Description: High unemployment rate puts new pressure on Obama administration
Automatically Generated Transcript (may not be 100% accurate)
" While the numbers are the worst we've seen in over 26 years unemployment now at a staggering ten point 2%. This as the White House continues to -- reports that the stimulus is working saying it has saved or created 640000. Jobs so far. After the bad numbers from the Labor Department President Obama is looking at new spending to encourage job growth but the question is will -- work. Joining us live is the professor and advanced political studies at George Washington university and Fox News contributor Bob map out. On the other side Republican consultant and foxnews.com contributor Andrea attend terrorist great to have you guys here. An era in his own view a lot of folks are saying the stimulus. Hasn't been very stimulating to the economy. What do you say is failing."
" Working well. Just look at the unemployment numbers -- one in ten Americans now without a job Barack Obama promised that if we spent this massive 800 billion dollar stimulus plan. Unemployment would not go about 8% now it's at ten point two and most frightening is the broader definition which is under employment you have so many people Juliette with Harvard MBAs flipping burgers now. And lots of these jobs are temporary people out of work so. That's absolutely the truth but we knew from the beginning at this stimulus wouldn't work and sent here Monday morning's argument Bob because this was just simply a bailout. For financially troubled Blue States. It went to the states. And let bureaucrats liberal bureaucrats spend money which we know is never that I DA went to jobs. That were temporary they have start date and a Finnish state very definitive this is not the way to create jobs another way to create jobs. Is take wealth from one part of the economy. And transfer to another you can never. Ever expect progressive job growth when you do that and you and this money also went to states that would do pork barrel projects. And it just helps legislators reputation consider really creating long term jobs and it went to pay down debt on programs like Medicaid --"
" What what do you think you -- supporters say we're expecting too much too soon we gotta -- attack get a little patience. EM first divides and hazy notion to India and all -- Republicans are always so excited. When all these people rather work you know it's -- up over tempers I've never seen such -- among Republicans these are real people who have real families who -- really struggling. And I don't ya wanna get to Barack Obama but -- get -- another right now. Haven't said that forty version of the stimulus is and out that it looked at less than 40% to as a lot more to go out one true there is going to be joblessness going into 2010. They'll probably stick around 10% means probably gonna hurt the Democrats in the short term. And the elections of 2010. But in the long term. I think what they've done now is put together enough of a base for recovery that we're gonna see job human -- in the economy the other I would say it's for all that stood. She got the band he's done this morning there are a lot of teachers -- today. Who would not be there if that meant this to -- that lot of cops on the street. A lot of firemen fighting fires so if you really wanna get a million -- be happy about it all the rest of it what you got a job they a lot of old people do not. I -- everybody harmful."
" And I don't -- I only -- I never happy when people lose their jobs this is serious stuff I'm happy when I can prove that you are once again. Wrong look you argued that stimulus was worked over and over and over even though economists not just myself said this was wrong another reason -- ignore my big smile this morning look at the number one issue. That Americans think should be on the priority of the White House and the congress as the economy and jobs. And that was at that was completely a vote against. Your parties putting climate change and health care before focusing on jobs like delays are being even chuck -- came out and said. Look we have to get back to jobs in the economy this is -- number one issue. I guess you guys just don't think it's not important or you don't it."
" Immunity -- really want to opinion."
" You can't have both way you like congress and the government to create jobs are what you say we should focus on -- understood what the private sector is doing and by the way. I don't know why this morning of this they were at this hour we are not. Congratulating. Add -- big applause of the greatest. Single domestic accomplishment in fifty years healthcare reform."
" What would you like to get our congratulations. I have no congratulations to you to. I don't."
" I absolutely doubt that is and that's -- nightmare and yet the American people looking and saying Nancy Pelosi. Don't -- you create jobs because we know we're capable of that. But motivate and give incentives for the private sector like the Bush Administration did. For small businesses to -- tax breaks to give people incentives to invest in the economy. Bring on jobs you know lower these crushing tax burdens on their payrolls I don't believe the government can do anything -- that's what Bob doesn't."
" Bush and the."
" Administration the bush advantages they have -- standish to take your -- good -- you get a look honey jobs are created under the administration a whole -- she. --"
" 200000. And bonds since you brought up the health care -- what you have to say to a Lindsey Graham was sentenced -- on arrived dead on arrival and sent it."
" I I say that Lindsey Graham. -- these two games up look at a little better he looks like he's that I around looks like a man."
" These are actually do like -- they do like until I promise you -- Bob Andrea things action. Do like -- you -- write my book and -- are pretty small look bad I hope you keep you down the."
" Thanks breaking news now."
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