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Detailed text transcripts for TV channel - FOXNEWS - 20120707:14:04:00

well, apparently todd doesn t care about the officially definition of a recession either. and telling the opposite of soviet economic people, always a good time. and and there s been there a long time, but it s sluggish given that we re running an art artificially low. and a lot of people, including myself, and the other tax cuts expire. we need the economy stronger than this going into eventually tax increases and we will go into recession and it s not here yet. and don t pull the panic button yet. todd, but it is all about jobs, isn t it? because without jobs, people don t have money, they don t have confidence, they re not going to spend. consumer spending is what fuels a recovery. that s right. we re not getting the jobs that we need. not only that, listen, 70% of all the jobs created in this country are of the low income variety. jobs in hospitality, retail, ....

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