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Maybe as much as 862 billion before it's over and that money is not really accounted for. it hadn't stimulated the economy and isn't it fair if we're upset about spending, why is it their selection of what we're spending on that doesn't seem to have a whole lot of effect? >> just so your viewers understand that, it's not as if we're suddenly paying for health care that we didn't pay for before. we paid for the uninsured today because you and i pay higher taxes because the uninsured go into hospital emergency rooms and patched up and we pay the bill and the only thing we're doing now-- >>ed onl...

And everybody else, we should not hold middle class tax cuts hostage any longer. [ applause ] >> greta: while the president gears up for battle with the he knows the democrats could get a november thumping. >> if the election is a referendum on are people satisfied about the economy as it currently is? we are not going to do well. because i think everybody feels like this economy needs to do better than it has been doing. >> greta: fox business network reporter ashley webster. >> in reference to what the president said about whether it is a referendum on the economy is the business world looki...

You are in so deep there is no way out. this was not supposed to happen, right? >>guest: neil, this is not only what happens with big government but this is what happened with reckless government. this program is reckless, "cash for clunkers" did not work. they know that. the affordable home modification program is not working and the $862 billion stimulus bill did not stimulate the economy. this administration and this congress have simply been reckless and america's taxpayers' money. >>neil: on the credit card thing, this is what happens with unintended consequences "unintended." you want to...

>> if they can't afford to give a tax cut, can they afford the slowest growing economy of the past 20 years? it becomes a political calculation when the 2012 elections are brought in to play. what would the president rather run? budget deficit cut in half or economy with half the jobless rate? bret? >> glenn: wendell goler live on the north lawn. thank you. congressional republicans will try to tie the democratic opponents this fall to a stimulus package they say was filled with the wasteful projects. chief washington correspondent jim angle has that part of the story. >> two republican senato...

Suffocating regulations. going well beyond what has been done to keep the economy out of a depression. >> paul: joining the panel this week "wall street journal" column is dan henninger. james free man and washington columnist kim extras sal. we saw them roll out the big promotion for the stimulus is the beginning of the white house campaign which is the stimulus worked happy days are here again? don't go back to those bad republican policies? >> you can believe it, yes. they got an economy problem and it is coming to settle on two questions: one is the stimulus 862 billion dollars, big promis...