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Solve the problem. >> they believe there's a one in three chance it will downgrade their credit rating and it's concern concerned that u.s. deficit will be 10.8% of this year. this comes as president obama plans to travel to virginia this morning ing to sell this significant reduction plan. yesterday washington downplayed this significant decision. >> is s&pwe think that the political process will outperform s&p expectations. the fact is when the issues are important, history shows that both sides can come together and get things done. >> i have to say it's stunning to me that the white house ...

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Laughing? >> i don't agree with you. >> you think this is mourning in america. >> contrary to what john boehner when he accused the president of not saying exceptionalism. the president time and time again during the speech showed a sunny optmistic. this is a morn nothing america speech . people an analyze it see it properly. >> we'll check with jim pinkerton. anduc leto work in the reagan campaigns. when we said morning in america. unemployment declining and fell in 10.8 to sen.2 on day in '84. that is a 50 percent decrease. what we are seeing here that reagan has joined the pantheon of great...

Short of the supermajority needed to force congress to act. we'll talk to a commission member who says the problem is too many politicians put their reelection over what's best for the country. and the president makes a surprise visit to afghanistan delivering an early christmas greeting to the troops. yet here at home, usual allies wonder why the president isn't helping them in big fights over tax cuts and getting more americans benefits, unemployed americans who are about to lose their benefits. >> that's a moral outrage. i ask where is our outrage of something like this? >> is the preside...

Tax cuts especially when the republicans want to make headway in both houses. >> certainly a $30 billion fund to give lending to community banks and trying to get money flowing again can possibly help it's certainly a lot of money. candy, 1980, ronald reagan elected on a wave of optimism, two years later unemployment rate 10.8%. results of the following midterm election, democrats pick up 27 seats in the house, losing one in the senate. fast forward to 2008, president obama says, yes, we can. we can fix the economy. two years later unemployment 6.9 when obama was elected to 9.6% today. candy, ...