Pete R News Today

>> sean: welcome to "hannity" tonight buck elup. biden challenger dean phillips will join us. once obscure congressman gaining momentum. 20 plus points, also senator tim scott will respond to personal attacks he has been facing from the left. and low lights from biden bizarre speech. he was in wisconsin touting biden no, maamics of all things. 1500 miles to the south major somehowdown on the banks of the rio grand river. joe biden determined to stop texas from doing the job he wont do ...

>> this is a special reported from abc news. >> good evening im pete r jennings a brief interruption for voting in new hampshire. the voters of new hampshire has given president bush a surprise. conservator commentator pat buchanan is able to get more than 43% of the vote. >> he was able to create a big riff in the republican part. >> the republican billionaire with any ideas. >> is there any scenario in which you would run for president? >> i would not run as a democrat or a republican i would ...

Destroy it at our doing, but not on site. this is what we do not want to do in terms of execution, people are not supervisored properly and stupid things happen and that is what happened here. >> even in the best military in the world? >> even in the best military in the world. >> thank you. >> thank you. >> mitt romney did not hold back at an election day news conference, he took last minute shots at rick santorum. >> i think he is an economic light weight. i do not think he understands the pro...

Well. heres a question for you today, could our country be on the merge of a brand new housing crisis. there are new concerns today about the continuing push for home loan programs starting rural home buyers, low downpayment loans, even no downpayment loans, backed by your taxes. pete r peter barnes has more from the fox business network. this sounds very familiar, something that got ut into a lot of trouble a couple of years ago, all of this sounds like this time around, its been happening a ...

5 5.7% growth we heard on friday. thats great news, but i take it you are not projecting that kind of growth closer through 23010? >> no. and on your intro, that plus-5%, a year earlier, the economy was declining at 5%. a lot of that has to do with the recovery act. >> the recovery act. >> a heck of a turn around, no question. what rate of growth are you projecting over the next five years? >> something in the range of about 3% on a real basis. and thats going to be in line with outside projecti...

Unemployment was 7.5% in this country. your ood mind station and yoadmn congress told us we would have to borrow to pay for a so-called stimulus bill. a piece meal list of projects and boutique tax cuts, all of which we were told had to be passed, or unemployment would go to 8%. as your administration said. well, unemployment is 10% now as you well know, mr. president. >> well, okay. joining us from the white house, director of the white house of management and budget, peter orszag. here to reve...

Going from 10 to 5 is the economy, 5 to 4 is cost cutting deficit reduction and another piece that we need to do on a bipartisan basis. >> mike barnicle. >> peter, because im an economic illiterate, all of the numbers you are throwing out makes me want to set my hair on fire and i dont have much hair left. >> id be careful. >> off of the headlines this morning "wall street journal" deficit to hit an all-time high. let me ask you without the numbers, why i ought not be petrified for my children? ...

Still ahead, pete r orszag joins us. but first, new developments on the massive toyota recall. well go live to a dealership with tom costello when we come back. youre watching "morning joe," brewed by starbucks. oh sure, we have plenty of employees that... you can label as "different." like janice. uh-huh. yeah. fashion deficient. and tom... copy incapable. its open kimono time. looking good, dan.

Million national export initiative, is to allow -- is to help companies here make more stuff and sell it abroad. its also the case. one of the reasons were investing so much money into research and development is that -- that spurs new industries. if you go back 20, 30, 40 years, a lot of industries exist today that no one would have imagined several decades ago and thats because we invested in research and an innovative economy, and thats what we need to continue to do. >> and restocking invent...

Of "fortune" magazine. >> we can take say that together. >> you do that so well. >> peter what about the budget deficit? 11% of gdp. what do you consider to be sustainable? what is the target? >> the target is something in the range of 3% gdp, which would balance the budget outside of interest payments on the debt. let me talk for a second how we get there. >> yeah. >> you go from 10% down to 5%, just as the economy recovers. you get down to 5%, even if we didnt do anything. we are putting forwa...