Detailed text transcripts for TV channel - FOXNEWS - 20110714:17:32:15
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A sudden. jobs, not much hiring, an awful lot of layoffs, and you put it all together, and this economy is growing at less than 2% per year. that's almost at stalling speed for an economy which is supposed to be roaring out of a recovery. martha, that is why you've got people like robert rush, former labor secretary under president clinton, saying that we are, indeed, heading towards a double-dip recession. big negatives on the economy. martha: yeah. it's a very bad sign, especially when you have somebody like robert rush who's been very supportive of this administration talking like that, abo...
Need to be. so what gives. if the nonpartisan office said the president created more jobs, but we're still behind where we want to be, where is the answer? did the obama administration do something else wrong? i think the answer is yes. they mistook a structural problem for a temporary problem. they thought we had a crisis of confident and if they could make the markets and the american people feel confident the economy would improve, they would go back to spending and everything would be right. that's wrong. we don't have anymore money to spend. a lot of us don't have jobs anymore. this is a ...