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>> i agree. >> he's also willing to raise taxes. go back to the old rates and let the bush tax cuts expire, which would bring more money into the treasury. but no one talks about how much money that would actually be. do you know? >> yes, i know. it would be for the top rates, it's over a trillion dollars. >> so it would help. >> it would help a lot but we need to let them expire for everybody. that's $2.5 trillion. there's a trillion dollars worth of loopholes easy. cut the rates, give everybody a big tax rate and they ought to be paying their fair share. $200 billion is due to capital gains ...

A rise in the unemployment rate, that's a very important headline, which will be picked up widely. rich, i know you've dug more deeply into the numbers. what is the so-called real unemployment rate? i believe the technical name is u 6. what's that? >> that's what you include folks who aren't looking for work. they're unemployed or don't think they can find a job. that unemployment rate is 15% and increased from last month at 14.9%. so an increase there. >> do we know if anyone or what number of people came into the labor force or dropped out of it? i think that's the labor participation rate. ...

Americans increased from 12.7 million to 12.8 million and the total unemployed and under employed increased from 14.9% to 15%, and more numbers, that is an increase from 23.4 million to 23.5. bill: we'll go through all these numbers again throughout the hour here. in the meantime feathers are flying, aren't they? the chick-fil-a far from over. gay activists protesting the fast food chain today exercising their right to free speech. here is herman cain, same topic. >> as long as they don't break any laws or prevent the chick-fil-as from caring on business as usual they are free to do that. thes...

President later this morning. right now we here from stuart varney, anchor, fox business network. how do you analyze this number for the month? >> the mostlyally important number of the day is the rise in the unemployment rate to 8.3%. three months to an election the president does not want to see the unemployment rate rise. we also had a rise in the so-called real unemployment rate from 14.9 to 15%. the other side of the coin is the number of new jobs created. that is another important number here. 163,000. if you look more deeply you will find the number of new jobs created in june was revis...

>> we will talk about that in the next panel. when you break down the numbers we did that with congress woman schulz earlier this hour you have 8.2% unmany ployment but 14.9% overall unemployment. 14.8% for african americans. they have to be motivated to come out to the polls for the president in november if he hopes to win. >> that is true and this is not 2008 and they will not be as uplifted and as inspired. their hopes have been dashed. he needs to make up for working class white vote with minor etan votes. he is hoping to galvanize the latino electorate with his recent announcements and al...