tv FOX News Sunday With Chris Wallace FOX News September 9, 2012 3:00pm-4:00pm PDT
is a nonbold claim on the tax side. fundamental tax return will produce a revenue share of gdp much into that range. longer term it is about entitlement.e would raise the there are 58 days million the retirement age gradually and election. in a new jobs report, it reduce growth of benefits for drives the debate on the upper income households. campaign trail. and reduce it for medicare too. that's a program and one >> with more people leaving candice agree with it, but it the workforce than were hired is a program that leads to last month, we will have a lower deficits and growth. debate on what it takes to get america back on the job. >> i will give you 30 seconds between glen hubbard, top economic advisor to mitt mr. goldsby. >> objective people who look romney and austin golsby, at what mitt romney has proposedcr realize it will former council of economic advise eshes and a rising increase the deficit trillions political star from the conventions. of dollars, and if they want we will sit down with mayor mia love who hopes to come to to cfer the income taxes i washington. would -- they would have to
>> and it continues to the raise taxes on the middle november minute month. class. in 2001 when george bush comes november finish month. into office he gets the that's all right now on fox condition of a recession he didn't create. news sunday. >> i have to interrupt and -- hello again from fox news >> was worse. in washington. with the conventions over we >>l we will leave it there. i want it thank you both so much. want to focus on the one issue thanks fo coming in today. we will have you back. that dominates the campaign i will stay on top of this debate how to get americans working again. thank you. up next, she brought the joining us are two former economic advisories. from new york glen hubbard who house down at the convention. is a senior advisor to mitt we will talk about mia love when we come back. romney. and golsby. let's start with the latest jobs numbers. the unemployment dropped from 8.3 to 8.1%. that b was because 368,000 people stopped looking for work. americans ine of the labor force is 63.5%. that's the lowest since 1981.
workforce participation was where it was when president obama took office. 11.2%.d be mr. hubbard, lots of numbers, but why is the jobs picture so dismal? >> youis framed it very well. more than a million people are unemployed than the day the president took office. there s is structural head w sure. largely a story about growth. we have anemic growth in the u.s. economy. co with the policy. the jobs that were created are a result of the feds policy. >> why is job creation so bleak, and how could a president say he is looking out for the middle class when workforce participation is at a 31-year low. >> let's separate two things.
in good months and bad months all economists say you never want to take one month's report. if you look over the last year the unemployment rate is down a full percentage point. it is not a reduction in the labor force. the bureau keeps track of people who are discouraged workers. the discouraged workers fell. the fact that some people are choosing to go to school and that shows up in the data is not a big surprise. the population has been aging and there are people retiring. i agree with glen that it is modest growth in the u.s. faster than the rest of the advanced world, the economy is in a tough spot. we are still struggling to get out of the worst t recession in our lifetime. i think putting a focus on
broad-based growth is better than taxes. >> well let's focus, and that's the reasont reason we wanted to have you two guys is to talk about who has the other plan? i want to focus on the obama and roll knee plan to jump start the economy and perhaps the biggest difference is taxes. here is what the president said on saturday. >> tax cuts when times are good. are bad.when times tax cuts to help you lose a few extra pounds. tax cuts to help your love life. >> mr. hubbard, mitt romney says says -- your caned dwet says he wants to cut the tax rates across the board 20%. the president says this is more of the same trickle down economics that got us into this mess in the first place. why is cutting taxes on the wealthy good and why is raising taxes on the wealthy bad? >> what governor romney is
proposing is an across the board-b tax rate for households. mr. president, i am here we will have to broaden the to tell you the american people are awake, and we are base to pay for that. notyi buying what you are and a deep cut in the selling in 2012. corporate rate. >> mia love in her debut on the national political stage most believe the the romney at the republican convention. plan is great for growth. she is the mayor of saratoga i can't imagine an argument that says raising tax rates on springs,, utah and running for high income people many of whom are business owners is a congress. mayor love, welcome to fox news sunday. recipe for growth. >> thank you for having me. >> you are a black woman who one canada bait fairness arguments, but i am not aware is a favorite of the tea of any argument that suggests party, and you are running to getting back to the growth we be the first female black had in the previous question. republican ever elected to and that is facilitated by congress. raising taxes. for those who don't know you, how did you turn out the way why does raising taxes at you did? this point, we have weak >> well, my parents immigrated growth. r to this country from haiti why raise taxes on anybody? with $10 in their pocket and they worked hard for everything they have. >> president obama cut taxes my parents taught me we were not entitled to anything. for much of america. anything we didn't earn, work
i do not believe having the for orre pay for ourselves and rates go back to what they were in the 90s will have that's how i ended up where i am. any significant impact on the >> there is and story that when economy. you withent to college and you can use the money money starting college your father for things like cutting taxes, gave you marching orders that for businesses that hire have become a guiding principal for you. people rather than cutting what did he say? taxes on the estates of billionaires or cutting taxes >> i took my dad with me because he is a fun parent. he said, mia, your mother and which counts asu a business i have done everything we under the small business could tou get you through definition. today. we worked hard. >> back in 2010 the president we never had a hand out. said he opposed raising taxes on anyone including the you willth be an asset to the wealthy because he said the economy was too weak. society. let's look at when he said that. >> let's go through some of >> you would see a lot of the pollingses you are folks losing business, more folks potentially losing cutting. jobs. that would be mistake when the you want to cut dts -- to cut economy has not fully taken off. >> when the president said millions of dollars. and k-12 subsidees another $53 that the economy was growing at a rate of 2.3%. he said at billion and end college that point, the economy was
too fragile to raise taxes on assistance,nc $33 three the wealthy. billion. the economy is now growing at a rate of 1.7%. what happens to all of those millions of people including it is weaker. minorities who depend on the programs? why raise taxes now when it was too fragile back then? >> thereth are different >> i disagree with your approaches. p i put that program out so we premise. can start a discussion. the predominant think he was i haven't set anything in stone. saying was let's not go raise i want to make sure i hit the taxes on the wealthy. ground running. it was to extend the we have to station the discussion. take education. unemployment benefits and to we are rying to see how much extend the payroll tax cuts and to exstepped a whole debt we can give people and series of things. the option is brenging the cost of tuition down. >> wait a minute. it was in january of 20 between -- 2010. >> t i know as the father of six >> they made a deal. >> no, you are mixing it up. that was the deal made in december of 2010. kids through college, how do the tape i just played for you you get the tuition down? was at the republican retreat in baltimore in january of >> because the federal government has drowned out the 2010, eleven months earlier private sector, we've got to do everything we can because when the president said it is too soon and it is the wrong the price of tuition has gone time to raise taxes. up 500%. if you think about it, some
people can't go to college >> in january of 2010 the because the price of tuition is way too high. unemployment rate is almost two full percentage points so what we have that do is we higher than it is now. can bring these things to a state level. i think that is a selective we can start letting the private sector come in and compete, and i think that choice. those will help drive the >> i think the taxes should go price of tuition down. back. that way we will more he pro -- opportunity for higher >> it was 2.3% back then. education. >> democrats say you are being >> chris, your clip is trying hipocritical in your call for ending subsidees. suggest that the president's leading concern you list $50,000 in out for economic growth is that we not raise taxes on high income standing college loans. how dowry spawned sph -- how people. the focus of his program is broad base growth and tax cuts do youad respond? >> i wish i had more options. for people that hire rather gee are trying to pay some of than abolishing the high those things off. income taxes by a trillion i want my children to have a dollars. college education without that will not work. having as mop debt. it didn't work in 2001 when as much debt. the same people proposed it many people are leaving college endebted and they and used it. >> let me bring up can't find work to payoff some of those loans. o
mr. hubbard. what is going to happen with you wereup rt part of the team. had college education? let's respond. >> governor romney is talking the i'm thing with the housing about tax reform and not large tax cuts. market. we will be in trouble when my question for austin is why people can't use their loans. would we believe that four more years of this policy or >> wanting to take away choice hiring tax credits or whatever on abortion and cutting the table will take federal funding for planett growth to the next level. parent hood and limiting i don't know if that's the case. access to insurance and birth each year the administration has forecastow that faster control. how dowry spawned to these growth is around the two-year allegations that the corner and it hasn't happened republicans republicans are waging a war on women? and it won't until we change >> under p.m. i think women course. >> the government forecasted have suffered more. at the end of 2009 that the 5 million women are out of unemployment rate at end of work. we have gone from 7% unemployment to 7.8% unemployment. 2012 would be 8.2%. everyone has seen the depth of i would like the government to thess recession we saw at the let me keep some of my own beginning of two 009. moneymy expe pay for my own contraceptives if i want to. >> that's one of the crypt -- 2009. we have been plugging along at
modest growth because we are coming out of the worst financial crisis in our that's one of the criticisms lifetime. saying they are tracking about that's what happens. women's reproductive rights ast you look at what will work, and not the economy. a, going back to a policy that >> to me it is about choice. i want m fore free choice and absolutely did not leadw to more liberties than anything growth and would leave a giant else. hole in the deficit is not i think the federal government accurate. and we have added 4.5 million private sector jobs in the trying to bring the war on women t it is the fact they are last two and a half years. it has to bebe faster. not talking about their failed we have to add more. going to a policy which in the first therm of -- term of policies. >> but then they say your pear george bush created one million fewer jobs than president obamaas has created in pear -- the of the role the his first term. it makes no sense. government does play is pro that's not a policy that is going to u get us out of this section oft life, liberty and problem. happiness. i am a pro life person. >> let me bring in i believe evyou have more choices before somebody gets mr. hubbard. this is something you heard a lot inca the democratic convention. no presidentwh iive given the pregnant. i think it is important that nature of the recession could we arebl able to have the freedom to exercise that choice.
it is up to you how you want have turned things around by to do that. i don't think we should be this point. getting into the weeds in all basically four years into a of this. a term. what do you think of that i think these are things that arangement? we teachers and in my own >> i don't think it is true. home. these are things that are we have seen deep recessions private. we need to focus on the in america's past, the more economy and what is happening recent past where recoveries with the economy. >> let's talk about yo are record. have been more rigorous with the deep financial holes. you were mayor of saratoga since 2010. i want to ask you about your jonch bush is not on the record. on the council you voted to ballot -- george bush is on the ballot and romney is double property taxes. proposing tax reform, sarasaratoga springs is a regulatory reform, a wise small town of three,000 and budget strategy in trade. huge growth to 16. thege president has proposed tax increases. >> i want to move to another are there times when it is subject and that is both romney and one bough ma say necessary though to raise taxes? one ofom the -- and obama say one of the keys is dealing with this huge and growing >> look. our city was an agricultural debt we have. let's look at their plan. city. we never sntet a municipal tax ever. when the housing market the president callss. for $4 dropped we were faced with trillion in deficit reduction over the next 10 years. 1 trillion is from the spending cuts he and congress major short fall. agreed to last august. what we had to do was cut
spending. we needed to cut 30% on some 848 billion is from ending the ofso the lower levels. wars in afghanistan. 67% on the higher levels. money we will never spend and thin then -- and then our anyway and is barrowed. and $800 billion is from lower debt payment. property stackses went for nothing but public safety. he has no tough spending cuts. we want to make sure we keep he does nothing serious about structural reform of our city safe. entitlements. i was able to lower taxes as the first year's mayor and i >> look the premise of that question is unilateral action am girl. and the overriding sum rye the president has put forward. and washington can take a ife he put forward a budget in note. >> you lead lead me in the the discussion of the budget direction i wanted to go. and in the debate last year, what do you think of it would ge to the 4 trillion washington? >> i think washington is goal that came from sim n -- broken.to household incomes down $4,000. came from simpson. gas prices doubled, >> you agree that -- -- unemployment 8%. >> if i may, you agree to the spending cuts he put forward 14%, 16 billion of debt.
are largely bogus. we have two choice when's it comes to presidential >> no, you just added largely candidates. we have a president that wants bogus and i do not agree with more tax, more regulation, that. we have had major cuts on bigger government and we have various parts of the fence it somebody, governor romney who wants to champion small it is a 10-year freeze in a business. he wants to create 12 million 10-year window. the alternative is no jobs through the private sector. affordable education. energy independence. specifics. he proposed 5 trillion of tax i think when you ask yourself cuts, and you heard two questions oop i better mr. hubbard saying what mr. romney said. he said i will get loopholes off, am am -- and m why better to close to pay for that. off. >> let me interrupt because i and utah supports president want to go, if i can because romney and so do i. >> if you are elected, if you a legitimate point to are fortunate enough and you are in a tough race against mr. hubbard. and let's look at romney's plan. he wants to cut $500 billion then incumbent congressman, and from the deficit by 26 teen you say washington is broken. and balance the budget by how would you like to change washington if you come here? >> we are going to have to 2020. he offers no details. lower the debt. and in fact he would increase defense spending by as 34u67 we have to do what we can to lower the deficit spending. as as $2 trillion and he would >> if i may, i am less talking
about a policy and the way rescind the costs they get business is dison in washington. how would you try andwo changing over obama care. that. the is not what loopholes are >> i would like to see a plan come from both parties. we have a plan from the rrn you going to close. why not achieve the admirable party. we have to start working together. goals. you have to understand where i >>pa there is far more so than come from we don't run any other candidate. the first is to bring nonpartisan. i don't say what party affiliation are you before i government spending down. figure out their plans. >> how do you do it, sir? we have to come together and >> the medicaid program which find solutions in assisted of rhetoric and buying -- and setting people ouchr against each other. we have to come together as americans and fix the problems. and we need leadership, not someone who willo follow from behind, but leadership in saying these are the solutions. let's look at these and try and see what we cap do to bet this country back on good financial spending. >> we will see how things go
a future lead together better place. >> he doesn't have a plan and he doesn't have any ideas, and we have to make sure he doesn't have any days in the white house in january. >> they are going after each campaign trail, and it is time for our sunday group. our knox fuse senior political analyst and kimberly strosel from the "wall street journal" and vaughn williams. well, we have newnumbers and thw that president obama got a bit of a bounce from the democratic convention. let's put them up on the screen. the seven-day rolling average had him by 1point. since saturday it has grown to 4 points. 49% to 45. trust me. i guess we will not see those, but there we go. what do you make of that? >> i think the democrats got more out of their congress venges than the republicans got out of theirs.
we saw that second is better, and we saw that four years ago. the convention held on the heels of the end of the previous one can step over the affect of that and refocus the audience. it was afo better week. the republicans were the last week after labor day. the others were the next week. is something about barack obama that people tune in to see. the audience ratings was bigger and his speech combined with the other presentation at the convention had some power. i think it is still a tight race, but i do think the democrats got more out of their convention. >> we will talk more in the next segment, but does this president enter these final eight weeks?
do you think however small or tenuous a lead maybe more specifically in terms of the key electoral states? >> he has a small, but significant lead. we are entering into the phase of the race where everybody can look at the 8 to 10 battleground states, and he has been consistantly up for a longtime. i think this will help him. don't forget the obama campaign wasn't predicting a bounce. they were predicting a turn out benefits. not only does he have the lead in the battleground, but he has more ways to get to 270 electoral votes. romney has more must win states.re he has to get ohio and virginiarg is and flaw. >> another of the political
observers think the bad numbers weul saw would blunt any vong. the dp s all -- we don't know what the affecknt of that will be.il some folks are now suggesting thatso maybe people have already factored in the fact that this is a weak recovery and we will just have 8% unemployment. and they may be discounting that. it may not have the dampening affect. >> i find it hard to believe if you are getting up every day and struggling to find a job and you are one of those huge number t of people who have given up finding a job you are discounting and this is a new normal. dh is what democrats will be watching out of the convention. one of the main things we will do is energize the sub sectors that were so important to the president's election.
when you look at the polls one of the things they are concerned about is not all likely voters are likely to go vote cht week in and week out you ask republicans how likely they are to vote on a scale to 1 to 10 and they say 7, 8, 9. democrats say 3, 4, 5. those are the numbers that democrats will be watching to see if they could get the women hispanics to go out and vote on election day. >> the key thing is the swing states. when you look at pennsylvania right now the republicans are saying they have pretty much given up and that is out of reach. look at ohio and obama, strong lead,ch virginia, colorado, michigan. north carolina is the one swing state where i think romney has s a slight lead right now. it is not beyond the margin of error. if you look at that, what you come back to is money.
where is the advantage for the republicans. it is not only the fund raising, but karl rove's crossroads and those imrowps. those groups. there will be a day luge of advertising from the republicans through september and october that i don't think the president is going to match. ham -- rom emmanuel resigned. so d they can raise money to try to match it. what will be the i'm account pa of the timing. >> can it change? some of the numbers bounced up after the convention. >> i want to go back to the economy. people have seen that the economy is lousy for awhile now. mitt romney has been making the case nonstop. is t that enough? it is not enough to get them over the top. is that enough or does he have
to do something else? >> he leads in the economy and has lead consistently. that is the principal motivator of the vote and it doesn't make a difference. >> he doesn't lead the horse race. >> i hear you. >> but in the end we are still have some time to go here. i think the sitein is a factor like any other presidential the conditions in the country and how they are perceived. let me touch on the jb numbers for a moment. i don't think it will change the wneay people feel about the economy. think about the message during the convention and it was give me more final. we are on the right track. it is a hard, long road, but we are going to get there. think about what he would have been able to do. it is late in the game in terms of message and advertising. that will put some evidence under his convention appeal.
he didn't get it. he got a weak jobs report. >> he only has two more jobs reports, and one of the things the obama people have said over and over again is the numbers don't matter. it is the trend, the direction. this one went backwards. one thing the president was trying to do is he wants to focus this on thek future and not the present. romney -- >> to me the mistifying question is why romney has been in on the economy why isn't he better in the horse race? maybe because thee don't know what they would do. they don't need the romney camp to tell them over and over and over again jie. one of the biggest problems is their decision to focus the convention on the --
>> which convention? >> the democratic convention. the argument that it isment republican policies that lead to the malayse. thank you coosment room knee i am -- people were waiting for it throughout his entire speech saying what are you going to do next? instead the message was we will keep doing the same thing. i amgo i am not sure if you are an american voter out there and saying, just give it more timeyo. >> what you saw at the convention was for the democrats to have a clear uh nuns yags of value and vision vision from the democrats. when you talk about what they can take to bolster the economy they are talking about investing in, for example, for example, education, infrastructure, i think that is a clear vision. what we saw was a contrary visionop and people made it out
to be profits and cutting debt moree than caring for the american people. when you think about framing argument that was not to the republicans advantage and that's why mitt romney didn't get any versus democrats. bill clinton's business saying they made a mess and their arangement was, you didn't clean it up fast enough. i thought that was a tremendously strong airing mebts. we have to take a break. when we coming bay, how did each party set up their campaigns. and a look to the next biggy vent, the:00 debates. the october debates.
this president can ask us to be patient. this president can tell us it was someone else's fault. this president can tell us the next four years he will get it right, but this president cannot tell us that you are better off today than when he took office. >> you elected me to tell you the truth. the truth is it will take more than a few years to solve challenges that built up over decade. >> the two nominees in their accentance speech, on how look at the economy. i think the common thing there was patience. the president is saying we are on the right track, but it is going to take more time. be patient. romney is saying times up. who has the better side of the argument? >> look by any normal standards if you have four years to get an economy growing again, in every
recession going back to the great depression the economy is growing. four years is more than enough time, and most people would agree with that. on that point, romney has the better argument. he likes presidential enough. he is -- he looks like an adult or nick anything wrong with him. something is keeping is keeping him from breaking through. i'm not sure what it is a. what ite was. >> you had bill clinton and most think it was the single most effective moment in the convention when she said no 1, not even me could -- >> and we know what bill clinton thinks of bill clinton. what about this question,
times up compared to give me more time. >> you would think mitt romney has a better argument. no -- one of the reasons is for some reason the republicans have decided to have their resources and decided to use their money early. o definelly tried t romney in that space between the primaries and the conventions when romney was a blank slate they didn't know who he was. they knew he was rich and a businessman. you heard a story about bane capital he didn't counter it. he didn't really explain what bane did. >> he personally didn't. other speakers did. >> they tried. in a way that says i will do for you what i did for all of these wealthy investors. somehow i will make youu better off. i think the advertising has helped.
now, it hasn't helped that much. i think it did help suppress romney. >> i think it is a good point. romney has done a great job that the president has not done well. in particular, there is an argument that the president has hit on. they got us into this mess and he is a return to that. he needs a story about what actually happened that lead up to this recession and why it -- -- >> do you ray think people want to relitigate the bush years? but they want an chick arangement.ar but they want an argument. free market policies are a way toac revive the economy, and he has to go out there more forcefully defend them and promote them. this is where his money is going to help. i don't think the romney
campaign will do it attacking the president they will try to make the positive case which is something they were to do. >> he may have convinced people that obama's policies are wrong. maybe he convinced them that i can make businesses and profits. but as he does that for the average american person it will make their lives better. >> he will talk about his tax plan and has to present it as tax reform. the democrats are trying to push this as a straight forward tax cut. it doesn't poll well. it doesn't do well. >> they do think we had a positive impact, but he doesn't done it well yet. >> twobu things are to be said. s americans do not think the economy stinks. they think we went into a terrible situation
and we are slowly making progress which helps president obama. >> is it right track, wrong track? >> it has been negative for a longtime. ine fact, right track wrong track has been over 60%, but not as high as 80%. people don't like washington. they like the congress less than the president. rightg track-wrong track is knots the economy. even in -- then they start talking about things like gdp. the pre argument of slow and anemic, it does carry some potency. the economic numbers are baked into the argument. i don't think the next two job reports unless they are dramatic will make that much difference. what you come back to then is
to convince people. the argument from the president is it would just be going back to the bush years. >> let's turn to the next big event. there is a drama going on every day of these four guys including the running mates. the next big event is the four debates in october. we have the calendar here with the presidential debate and the vice presidential debate. the conventional wisdom is with the exception of kennedy in e 1960 and reagan in 1980 that debates don't make that much of a difference. don't swing the general scope of the cam inpa. >> if you go back and look at the affect of these debates, rarely are they proven decisive.vi most fornd candidate a, or
candidate b. the state of the race is left in place by the ugly debates. it could be different this year. president obama is on the same stage with this businessman whom he has personal disdain. how that mays out. how that plays out. they will vet on whether this man can change the conditions or whether he is too risky in someway. my guess is romney who has been debating all year and is much better than four years ago will do well in the debates. but i'm not sure if will make a difference. >> it is the only potential game changer we have left. >> they saynt we have due caucus and italian. >> right. but this is the only show in town. and and the rom fee campaign with weren't in the move and
then reagan stood up there and he seemed reasonable. i don't know if romney can pull that off. he is the better debater. he is more experienced. he has had a lot of debates. i think obama is -- he is the more experienced debater and fresher. >>nd we have less than two minutes and i want to take a trip down memory lane the last two weeks. i asked with a favorite moment. i start with you. your favorite moment. >> when debbie washer man schulz came out and she had a make over and look at her. i thought sheok looked fabulous, great. i thought, hoo -- hooray for her. >> she acted like it was the biggest compliment. >> gabby giffords leading the pledge of allegiance. >> here, here. we have to show this and i
would say if somebody was on the podium, everybody stood. everybody cheered and frankly there were not a lot of dry eyes to see her m come back from this shooting and kimberly your favorite moment? >> suzanne uh martinez. she was endearing and smart and she is exactly the sort of person the gop needs to put up that told a story that a lot of people can identify with. >> and juan? >> three-year-old corina castro, high hule julian castro while he is talking she decides to flip the hair. it went viral. what a cutie pie. her and her grandmother are wonderful. >> the crowd has seen this and they were laughing and castro didn't know why people were laughing.
thank you, panel, see you next week. our group will pick up with the discussion on our website, fox news sunday.com. we will post the video before noon eastern time and be sure to follow us on twitter. up next, the convention video you didn't see in charlotte. and crowd cheering so, i'm walking down the street, sfx: sounds of marching band and crowd cheering just you know walking, sfx: sounds of marching band and crowd cheering and i found myself in the middle of this parade sfx: sounds of marching band and crowd cheering honoring america's troops., sfx: sounds of marching band and crowd cheering which is actually in tquite fitting becauseade sfx: sounds of marching band and crowd cheering geico has been serving e military for over 75 years. aawh no, look, i know this is about the troops and not about me. right, but i don't look like that. who can i write a letter to about this? geico. fifteen minutes could save you fifteen percent or more on car insurance.
approach the folks of the daily show called barack obama, it could have been worse. >> i put in place an economic stimulus package and the results spoke for themselves. >> people say, well, the stock market didn't fully recover. yeah, but it's recovered more than people expected last year. things are still tough. they aren't as they bad could have been. unemployment is 9.6 but it's not 12 or 13 or 15. >> or 19 or 80. there is no limit how high numbers can go. >> to make things less bad the recovery is helping. >> it was the obama administration that left it better than more bad. and president and the upon of his office. >> look what he still got done.