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In copper prices. and at the time, the minister of finance was under a lot of pressure. he was actually burned in effigy in the streets because the population wanted him to return that fiscal surplus to the people association to speak. and he said no, this is money for a rainy day. so when the financial crisis hit, they were actually able to have the $4 billion tax cut package. in stark contrast when we had a $236 billion surplus, and basically returned that tax surplus. so during the boom years...

Here thats out there for us if we form a better relationship with emerging nations and realize their growth is good for us. >> isnt part of that process just looking inward to the united states here, when you talk about discipline, it strikes me part of what we have been undisciplined about is actually saying, were going to tackle this problem and not kick the can down the road. weve seen this now for several years where, you know, the fights and the, you know, what i would consider obstruction ...

Were glad we could help you out. >> delighted to be here. ill make it up to my wife later on today. >> four boys to get out the door at once. good luck to that. tell us about the book. what are the lessons we can learn from third world countries? >> well, its an important time in the global economy. first world countries like the united states, western europe are looking a lot like third world countries. we used to call third world countries 30 years ago. slow growth and lack of direction. and -...

The economy. not a dramatic dip if you just look at the number itself, but from where we are right now to where it was in the first quarter, quite sacrificing, quite a downturn. >> lets hope the economy is not running on empty. good morning. this is a bit of a surprise. gdp for the fourth quarter, the first look coming in at a negative .1%. it was the first drop in the economy below zero since the second quarter of 2009. the big drop though and im going to hedge that number a little bit, the big...

Morning, we have the adp private sector payroll jobs numbers showing a gain of 192,000 jobs. >> brian quickly, what did the personal savings rate go up to if. >> the personal disposable income was up $236 billion, a gave 8.7 or 8.18%. so thats a positive. >> great news. >> people making more money. weve got to see if this is an anomaly because of the fiscal cliff in the fourth quarter. everything else has been pretty positive so fingers crossed for the economy going forward into no doubt about i...

President obama is being outflanked by in a large measure by mr. romney probably the area that hes having the most difficulty with. doesnt bill clinton and the jobs program on those jobs numbers directly address that audience? >> bill clinton had his own breed of clinton democrat. that is what republicans talk about obama having trouble with. so what you want to do, nobody feels your pain to this day better than bill clinton. you send him out there, you have him talk to those people from the hea...

Connect with voters, and hes extremely good, probably better than any other democrat alive today of making the case for democratic policies. his -- you know, you know that his speech in charlotte is going to be a good one. hes going to lay out -- use his years like he did there, and say, i had four years of surpluses, then we went into a deficit. and hes -- hes just a tremendously effective campaigner, theres no question about it. now, you know, its interesting that he brought up deregulation, b...

Convention. and y not? he left office with a $236 billion budget surplus. president obama and the republicans quickly turned that into an $11 trillion budget deficit. clinton offered a balanced approach that included raising taxes in 1993. that compared to the seven bush/cheney tax cuts. 23 million jobs were created during clinton years compared to a paltry 3 million for bush/cheney. policy results. fairness matters. joining me now is alicia menendez and chrystia freeman. great to have you with ...

you can call me nuts, can you call me ching little, if you want. but the political battle being waged over extending the bush tax cuts is blowing those storm bands over our heads. look, you dont need me to tell you our economy is on the brink of weakening again. you feel it every day. latest cnn/orc polls just 27% of you say the economy is in good shape. 73% feel that conditions are pretty poor. and while rays of hope peek through the clouds from time to time, the u.s. economy is fra...

[ chirp ] [ male announcer ] upgrade to the new "done." with access to the fastest push-to-talk and three times the coverage. now when you buy one kyocera duracore rugged phone, for $49.99, youll get four free. visit a sprint store, or call 855-878-4biz. [ chirp ] that economic storm is cloetser to the shores every day. you can call me nuts. you can call me chicken little but the political battle over extending the bush tax cuts is blowing the storm bands over our head. you dont need...