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Spoiling for this fight. this issue will be front and center if he puts susan rice forward to be secretary of state. megyn: he said if i want to nominate her, i will. president obama scheduled to meet with business leaders. busy day at the white house, to talk about budget cuts and tax hikes. it's part of his plan to help avoid the fiscal cliff. but we got reports on two different studies, one by ernst and young and the conscious at budget office that predicted raising tax rates even on the wealthy will hurt the economy. charles payne and simon constable. author of the the "wall street journal...

Month. let's debate all this. charles payne is the ceo of w street.com and a fox business contributor -- i knew that. julie ro roginsky is former advr to new mexico senator frank lautenberg, and simon constable, author of "wall street journal guide to the 50 economic indicators that really matter." with a dietl like that -- title like that, sounds like i should start with you. there's been a general narrative in the media that, yes, we've been through a rough road, but things are looking up. is that not true? >> well, things may be less bad than they were, but they're not recovering anything l...

And i think it's time to widen the circle of opportunity and help more americans who work hard to get ahead. it's time that we learned the lessons of our past and laid the foundation for a better future. that's what i'm focused on every day and i hope congress will join me in doing the right thing. so, thank you very much all for being here. thank you. [applause] jon: president obama there saying that he wants to preserve the bush era tax cuts for those making less than $250,000 a year, but he would like to see taxes increased on the wealthiest americans that the president has staked out a pos...

Declining consumer confidence. one thing i would say about the forthcoming election is that jobs will be it. it's not just the economy, it's specifically jobs, how hard is it to get a job? and to some extent the numbers we get for unemployment slightly mask that. i think the raoeurb real issue is if you want a job and you're willing to work can you get one? if you can't, then i don't think you'll be very happy with the incumbent president. megyn: chris what matters really matter? the unemployment rate they say it is coming down. olgtss say it'others say it's coming down because people are leav...

Not to mention the presidential race. joining me right now, standby we are going to have chris stirewalt in a moment, you can see him standing there. we are getting his audio fixed. we like to keep you on the edge of your seats. as well as simon constable who is a journalist for the "wall street journal." you put into perspective for us if you could this 1.9% growth rate, because what they are saying is we need to be at 3% i guess to sort of maintain the level, and we are at 1.9. >> 1.9, we are slowing down. the economy is slowing down, and in my view it's going to get a whole lot worse and th...