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Talking points memo a greece-like situation if we don't get a handle on it mr. obama with all due respect has no heart to cut spending. he doesn't. he is playing tax the rich deal. is he trying to convince voters that, yeah, if we get more revenue from the wealthy, we can involve our problems. everyone knows that's not true. you know. it would take a little bit of the pressure off the deficit but not anything meaningful. he doesn't want it cut. >> no. look, in his new stimulus bill, there are temporary spending, $447 billion in temporary spending and $1.5 trillion in permanent tax increases. n...

you get 60 seconds and you get 30 seconds to respond. would you please wait? are you just going to keep talking. let me finish what i'm saying. >> boy, you know what it was? it was illegal immigration that sparked that conversation. rick perry's numbers dropped. the governor tried to throw the issue back at mitt romney last night. >> mitt, you lose all of your standing from my perspective because you hired illegals, in your home, and you knew about it for a year. and the idea that you stand here before us and talk about that you're strong on immigration, is on its face the height of ...

Into bite sized pieces. >> but interesting that the first bite of that package is going to be money for teachers and first responders. the white house hoping to get a senate vote on that later this week. there is already some moderate democrats saying they may not support it, number one. and number two, even if it were to pass, this is a sign that the president's broader $447 billion jobs bill is going to be split up big time. he's not going to get anywhere close to what he originally wanted. >> gretchen: there talk on the street that potentially this was the strategy all along, that he knew t...

Jobs plan. during a campaign-style stop yesterday, the president said that if republicans will not pass the $447 billion jobs bill they should break it up and talk -- and take one vote, one idea at a time. today is the second day of his tour. >> the president's handling of the economy is likely to be a big topic tonight as the republican presidential candidates get ready to debate in las vegas. heading into the debate, the latest poll finds mitt romney and herman cain in a virtual tie for first place. cain's 9-9-9 tax plan gained attention during the last debate. gop candidate michele bachmann...

Re-election, and some of the anger she may be expressing could claim as the white house says is what the republicans are feeling and it could show a economize by the president showing they got something done but it is unlikely the president will get $447 billion jobs plan. he will have to settle for something much less. >>neil: thank you, ed, traveling with the president in virginia. and now we can report this apple earnings are up 54 percent but they were missing very lofty targets and estimates and all of this of hitting the stock in after hours trading and all of the numbers notwithstanding...