Detailed text transcripts for TV channel - FOXNEWS - 20120612:04:16:00

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simpatico. comment like that, if the economy is fine and if you have extra $3,000 bucks go out and buy something. since he took office, household in america paid down the indebtedness by $1 trillion. so when they have the extra money, they are scared about what is going to happen because of the economy he created that they are fortifying themselves against the likelihood of a deeper recession. that pan sick what is keeping the economy from moving up. it's a panic induced by obama policies. >> sean: think back. remember when john mccain said the fundamentals of the economy are strong. the democrats harped on that, harp on that, they said, obama in particular, john mccain was out of touch. let's go back and take a look down memory lane here in 2008. >> you know there has been tremendous turmoil in the

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