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dropping is the price of gasoline. national average hitting $4.40. some states approaching $6 a gallon. >> dana: that's having a big impact on american families. average household will spend an extra $5,000 this year on gas and groceries alone. >> bill: stock market dow coming off four straight days of losses amid concerns the federal rate hikes will trigger a recession later this year. >> dana: yet the president insisting this is not his fault. he is instead pointing the finger at republicans and what he calls their ultramaga tax plan. the architect of that plan calling the attacks ...

Is a special factor going on there, which is pretty tough in a divisive primary. so martha mcsally needs more time to get going, whereas the democrats have been longer to get established. i think the real point though is that, at the moment, a lot of the other polls that are coming out are looking very bad for the g.o.p. but it is still early, actually. the big point i tried to make every time i can, in case someone is listening who can do something about it, is that it's not enough for the republicans to sit back and go on and on about how great the economy is. yes, it is great for a lot of p...

The most three words he said in the speech is jobs, jobs, jobs. we've gone 15 years without increase in our average median income. >> that's not true. >> that is true. >> it is true. >> okay, fact checker. you check it out. >> it's here. >> 70,000 factories lost. we've lost 5,000 manufacturing jobs. i would say to you people in fort wayne and scranton aren't feeling what you're feeling. there's really misery out in the heartland here and to me and e.j., i thought that speech today really talked to the people of america who were on the unemployment lines, who were looking for hope and prosperit...

Would reduce revenues over a ten-year period by $2.6 trillion. when wilber and i looked at the positive effects of growth from eliminating our deficit, from reducing our $2 trillion regulatory burden, from unleashing our energy sector, we calculated a 2.4 positive offset. so the problem here, stephanie, you can go to every single one of these organizations that are scoring the plans of clinton v. trump and the problem is, they're asking the wrong question. the right question, how is the total economic plan going to contribute to jobs, the economy, and tax revenues? that's not the question bein...

Promises, out-of-control spending sprees and failing stimulus policies. >> this is hoarding cash. they're on one of the largest cash reserves ever because they're expecting bad things top what. increase taxes, increase regulation. they don't have the confidence to go forward and create jobs. >> the president has exactly the right policy. >> in what has become the first friday of the month routine, white house council of economic advisor chair christina romer made the cable tv rounds to put the best possible and irrepressably cheerful face on the job numbers but she made it official she will re...