Page 4 - 458 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Deficit in a year. >> george w. bush? >> no. his last year was $458 billion. >> when president obama took office in 2008 after eight years of shaky economic policies under george w. bush we got an economy in freefall . >> five years later? he's had five years to fix it. five years. >> we were losing jobs at a rate of 750,000 a month. >> all right, berkeley. come on. >> this is the worst economic crisis since the great depression. of course it will take longer than five years. we have come a long way. we started at a peak of 10.1% unemployment and we are down to 7.4%. >> let me give you other e...

Never seen that before. now look at the other side of the fence. how about deficits. under the president's budget plan, the deficit will always be double what it was in the last year of the bush presidency. in other words, pre-obama, the high for the deficit was $458 billion. under obama for eight years and beyond, it will always be double that number. >>brian: here's what we do have, record revenue coming into this country, with the tax increase and the economy getting on track. the president does have in play just in growth alone but he's going beyond that. >> this new budget costs another $...

Don't sit there. what do you do? >> in bush's last budget i think it was for 2008 the deficit was 457, 458 billion. now we had three years of well over a trillion dollars. >> your point is? >> my point is, it was not all from the so-called stimulus program. what it was was an increase of the total bureaucracy of the federal government. >> it's really a quiet will solution you implement 9, 9, 9. that really fixes our economy right away. >> where have i heard that before. her m herman cain would love you. but notice his picture is not behind me. >> you need to take a look at every federal agency...

Don't sit there. what do you do? >> in bush's last budget i think it was for 2008 the deficit was 457, 458 billion. now we had three years of well over a trillion dollars. >> your point is? >> my point is, it was not all from the so-called stimulus program. what it was was an increase of the total bureaucracy of the federal government. >> it's really a quiet will solution you implement 9, 9, 9. that really fixes our economy right away. >> where have i heard that before. her m herman cain would love you. but notice his picture is not behind me. >> you need to take a look at every federal agency...

>> neil: thank you very much. phil flynn at the chicago mercantile exchange keeping a close eye on anything futures, particularly oil. can stocks continue to climb? we are all worried as they have been climbing and raising a lot of worries. my next guest, joe grano, one of the ledge ends of the street. i know we have seen wolfs climb before but reality catches up. is the market past it? >> it is time for caution. within 15% of the all-time high. october 2007. we are within 15%. take a look at the world in 2007 and take a look at the world today. unemployment back then 4.7. double it. our defic...