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now "my take." the european crisis you have been reading about in the newspapers is worth watching very carefully. it has now morphed into something much bigger than a european crisis. it could batter the entire global economy, which is pretty fragile anyway. you read a lot about greece. the real problem is italy. you see, greece is a nano state and makes up about 2% of the european union's gross domestic problem. italy, on the other hand, is one of the seven or eight largest economies in the world. its debts are greater than those of spain, portugal, ireland, and greece combined. an...

Already slowing economy and the government take over of industry and banks and financial institutions and car companies and health -- >> you were talking about how much you hated deceit today the president said we will see no more of those bailouts. he signs financial reform next week that law will guarantee bailouts in perpetuity. >> sean: here's what the fed is warning, i thought this was interesting i want your take on this the fed is warning the economy may take five, six years to recover. stuart varney was just on, and when i spoke to him earlier in the week, he said that if we don't chan...

Already slowing economy and the government take over of industry and banks and financial institutions and car companies and health -- >> you were talking about how much you hated deceit today the president said we will see no more of those bailouts. he signs financial reform next week that law will guarantee bailouts in perpetuity. >> sean: here's what the fed is warning, i thought this was interesting i want your take on this the fed is warning the economy may take five, six years to recover. stuart varney was just on, and when i spoke to him earlier in the week, he said that if we don't chan...

After the bush tax cuts expire, the tax rate will still be the same as under ronald reagan. congresswoman before we move on, make the case as why the republican party is on the right side of this economic debate in this election year? >> the reason the republican party is on the right side of this economic debate is simply this, the election is going to be about freedom. the american people know that being dependent on the federal government for home loans, for your health care, for your education, for your jobs, even for the kind of light bulb that you want to put in the fixture, is not the...

After the bush tax cuts expire, the tax rate will still be the same as under ronald reagan. congresswoman before we move on, make the case as why the republican party is on the right side of this economic debate in this election year? >> the reason the republican party is on the right side of this economic debate is simply this, the election is going to be about freedom. the american people know that being dependent on the federal government for home loans, for your health care, for your education, for your jobs, even for the kind of light bulb that you want to put in the fixture, is not the...