2012-10-15
2012-10-23
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adapting to the economy and women are adapting more easily. in different periods men have adapted differently. it benefits uc

to share in the economy. hopefully the right reasons will create more jobs and get more entrepreneurs involved. i have often said this can be the city for the 100%. everybody can have a chance to fulfill their dreams and make sure they can have a stable income for themselves and their families. i think we are on the verge of discussing things that would invite other members of our city family, department heads, those who work in planning or land use, to be involved in an ongoing discussion that would potentially invite and open up our economy and modernize it even further. a year ago, david chiu and i did not know what the outcome might be, but we were afraid a company called twitter might leave our city and that thousands of jobs will leave this behind. we took a risk and suggested we might be able to revamp our tax code for the benefit of job creation. little did we know a year later, that invitation has caused over 125 companies to locate in our city, creating thousands of more jobs, creating an environment that will be welcoming of the new economy, technology, and innovation to re

city initiatives -- you know, this -- the schering economy working group will interface with or connect with, and how does it fit in with existing strategic goals and plans of the city? >> i think our director of environment in our city has issued a goal for 2020, being mission -- emission free, carbon neutral. that is something that when you think about the economic impact of these new business models, it can contribute quite greatly to that. i am going to answer the question a little bit differently -- i have been inspired by this space considerably. there's a lot more opportunity. cars, so many assets we have in our society. as a city, we own buildings, cubicles, museums, golf courses, so much that we have -- >> yes, but it is our property, right? >> yes. that is a very good point. stewards of these resources, and they are often underutilized resources, so how do we improve access to those? there is a lot to learn from this that could be applied to the public comments. >> thank you. let's open it up. do we have a microphone for people to come to? ok, we will just it old school. if yo

economies to fwroe and our dialog in our country is the urban cities that have to create the new jobs for the new economy. i know paris must do so as well, and if we work tokt, we can create those and instigate and innovate our new ideas for the new economy and our mutual obligations on the environment, and then there is something that paris and san francisco hold very dearly and that's an ongoing conversation about our human rights as world leaders, so it's human rights, it's the environment, it's the economy and these are the reasons why we hold our relationship with paris and with all the other great cities of the world in a sister city relationship so dearly, we learn from each other, we send delegations to each other, we welcome each other to the city but in each and every instance, we are always thinking about ideas about how w

that helps business like other states than california, which raises taxes and takes money out of the economy and puts it into the government's hands, which is huge for a state like that and florida is getting its act in gear. >> what do the candidates have to learn from these governors? neither one of them has exactly the same policies. >> the first thing we can learn is five out of the 7 governors in the swing states are republicans. so, a lot of the macro republican policies seem to be working at the state level, and, rick talked about florida but look at wisconsin, scott had to go up against the recall to get collective bargaining with the unions, and, john kasich, the same in ohio and, he has gone out and had about 18 tax cut plans, he's straightened out the tax code in ohio and these are the types of things either presidential candidate needs to implement, going forward. to start creating jobs again. >> susan, john makes a good point, fighting unions and collective bargaining, going up against regulations. those are all things that seem to be working on the state level. should the candi

of the first cities, i think the only city, and has put together a working group around the sharing economy. we are the epicenter in san francisco. we have a role to help nurture the emerging space. there is a lot of value to be created here. i am really excited to be part of the panel seeing all of these great people next to me. >> the people on the panel are going to tell us about their companies. let's come straight down the line. >> i am a co-founder and ceo of viable, a community marketplace for travel experiences. anybody can offer their services to others as a guide, offering touristrs, sailing ships, cookig class. we have enabled terrorism -- tourism to access parts of the city it had never before accessed. restoring murals for example. we launched in 2011. we have been going for about a year. we're proud to be launched in san francisco and growing the platform here. >> i am the founder of a company called task rabbit, an online marketplace for people to outsource jobs to others. if you need dry cleaning pickup or groceries delivered, you can post that job. one of our over 1000 active t

economic tigers and raw-material producers. state economies benefit from their relative location on the pacific rim, and multinational corporations take advantage of shipping opportunities offered by proximity to the world's largest ocean. we focus on the tiny city-state of singapore. despite being the smallest country in southeast asia and lacking natural resources, it is one of the wealthiest states in the world and the gateway to southeast asia. american computer giant hewlett-packard searched for a base to spearhead its push to asia. man: we basically stock and distribute hewlett-packard products, mainly computer-related products like pcs-- personal computers-- printers, plotters, scanners and all kinds of related peripherals for personal computers. and we distribute throughout the asia-pacific region, and that covers all the way from korea to india, down to australia. narrator: the company needed centralocation, but that alone wouldoteenough t. a number of cities could claim toe cad near the center of the thriving asian region. in the end, hewlett-packard chose the tiny isla

economy here in san francisco and as i do that, i always have to think about what to say that mary hasn't already said about it. and if you look at the real estate economy generally in our nation, and the fact that it is still soft. that we still need more jobs. that there is a recovery, but it's a slow recovery. you can't do that without thinking gee, will i sound like a politician for one or the other major political parties? and so i will steer clear of that and focus instead on san francisco and maybe we're living in a bubble, but it's a pretty wonderful bubble to be living in. the real question is the resurgence of real estate we're seeing now, is that sustained growth? is that just, you know, for the moment? but as i look at it, we're putting in place an awful lot of things that shape what our city looks like in the future, how our city operates, how we interact with our city. as i started to think about that, i thought, you know, the number of major infrastructure projects going on in our immediate region now are probably -- there are probably more dollars and energy going int

. that is good for the economy. especially as we move toward the romney boom. now, let's move to our investor pros. break down today's market plunge. here now is "fast money" contributor brian kelly, the co-founder of shelter hoover capital. and steven weiss of short hills capital and author of "the big win." brian kelly, was this predominantly today a technology correction that spread? is that the bottom, bottom line? >> yeah. especially when you look at other asset classes. i mean, we look at the euro. that was barely down today. you look at bonds. they weren't reaching for bonds. the dollar index was barely up. it wasn't up 1% or 2%. it was up less than a half percent, i believe. so it was. it was people repricing, getting out of tech stocks that for some reason they didn't see before that there actually might be a problem in europe. and now we've certainly gone the other direction from where we were on september 13th, 14th. the euphoria over the policy action. now we're at that despair of wow, everything could be really terrible. and i'm with you, larry. i think this is a buying opportuni

at a campaign stop in ohio, painting an optimistic picture of an economy on the upswing. last month's unemployment numbers no doubt helped fuel that narrative as does news this week that new home construction reached its highest level in four years. so is america on the road to recovery? let's ask economist art laffer. good to you have here. >> thank you very much, paul. >> we've got housing rebounding, we've got consumer confidence up. we've got the jobs market. it's still a mediocre jobs recovery, but at least there's some. what's going on? are we seeing a really -- finally a good rebound? >> i don't think so at all, paul. i mean honestly i don't think that's the way to describe this economy. we have the worst recovery in u.s. history when you look at the employment numbers there, you see the participation rates dropping like a stone. that's the reason the unemployment rate's not at 12% today. housing starts are off almost a zero base for the last four years, not anywhere near the average of the last 40 or 50 years per 100,000 population. now, it's true they aren't falling anymore

they deserve. >> this is the big mega theme that romney is developing, focused on the economy, nationally based, not regionally based. i thought that was his most effective answer in that debate. >> oh, i did, too. i think it was the megaissue. i think that fellow put his finger right on it. how can we relate my economic life, my daily life, to what's going on in the larger economy? and president obama virtually had nothing to say to him. by the time he was done, he was talking about ending the war in iraq and killing bin laden. >> don't forget, but 100,000 -- >> right. >> the romney critique, the litany of obama broken promises that he went through, that was the best part of the debate. i would like to see romney do a little more explaining why liberating the economy, simplifying the tax code, creates jobs, a little bit more about why freedom works better than the government. in terms of knocking down the obama's claims, and he correctly pointed out that the obama has cut energy production on federal lands, and he scored. >> it's interesting to me that the romney campaign has this large nation

businesses are getting a tax credit for hiring veterans. that grows our economy. we have a different theory. when governor romney stands here, after a year of campaigning, when, during a republican primary, he stood on stage and said, i will get tax cuts, not tax rate cuts, tax cuts, to everybody, including the top 1%, you should believe him. that has been his history. that is exactly the kind of top-down economics that will not work if we want a strong middle class and an economy that is thriving for everybody. >> i am sure you have a reply. [laughter] >> you are right. the top 5% will continue to pay 60%, as they do today. i am not looking to cut taxes for wealthy people. i am looking to cut taxes for middle income people. why do i want to bring rates down and lower exemptions and deductions? if you bring rates down, it makes it easier for small business to keep more of their capital and hire people. for me, this is about jobs. i want to get america's economy going again. 54% of america's workers work in businesses that are taxed as individuals. when you bring those rat

on the new collaborative economy. we're interested in it because it has aspects that have piqued our interest, about hoour environment, how to improve life for more people, how to make an expensive city more affordable to more people, how to utilize the strengths of the city as a great tourist city. how we can get more folks to come and experience the wonders of the city. maybe they will make their stake here. these panel members have decided to make their stake here. they risked reputation, may be small amounts of money. ifey

was the foundation of the economy. and >> anything that touched on the possibility of prohibition was greatly and popular. >> the first campaign was a great effort, but not a success. >> the war was not over. less than one decade later, a graphic protests brought new life to the movement.

have to use it. >> schieffer: most elections are about the economy, but usually, probably within the first year of any president's term, there is some unanticipated foreign crisis, like the cuban missile crisis. right now we have this-- this awful thing that happened in libya, an american ambassador. you're aaware of the finger pointing bark and forth, it was the work of terrorists, it wasn't the work of terrorists. what have you been able to find out? >> from the early days of that attack it was apparent this was not just a popular uprising. in libya, there was no record of popular uprising against the united states. in fact, the united states is highly regarded in most of libya, and particularly in benghazi, this ambassador was incredibly popular in benghazi. secondly, they were well-armed and well-executed attack. it all the markings of a military-style attack. what's most troubling is one of narratives the obama campaign has laid out is bin laden is dead. they bragged about that forever and al qaeda is in retreat. and you start to wonder, did they basically say do not allow a

important issue 39% for women, followed by jobs 19%, healthcare 18% and the economy 16%. in contrast, men see jobs 38% and the economy 37% as the two most important issues facing men. romney is now within one point of obama among female likely voters in swing states 48%-49%. >> mostly with this poll out that shows women this swing states and women voters rank abortion and rights can romney maintain his surge. >> absolutely. the economy which is driving this election. we cannot settled for president obama's failed policies. >> i think that the surge can stop if the president and other democratic candidates get on message about what the republican plan is concerning these issues. >> and i think that more that romney continues to talk about how the failed economics of obama are hurting women and his plan to help women and families, he will continue to surge and win. >> both candidates have t recogni tha votes are important. the women vote was exponential in 2008. it comes down to knowing that women's votes are important and should be counted. >> and this year, we have seen attention on the w

to know why they have gone up so much. the president's answer -- he said the economy has gotten stronger [laughter] on that basis, when we have a recovery, gasoline prices would probably go up to six or $7. is that what he is saying? this is a classic non-answer. it is pretty clear that when it comes to his policies and answers and his agenda, he is pretty much running on fumes. the american people want real answers and a real agenda and that is what paul ryan and i will become the next president and vice president of the united states. [applause] we take america to two very different places and that is clear by virtue of what you have heard over the last two debates and you will hear over the last one as well. the president will put an america in place that has about $20 trillion in debt, killing the american dream for your kids. if i become president, i will take the action to make sure we kept our federal spending, we limit federal spending as a percentage of our total economy, and we finally get america on track to a balanced budget. [applause] if president obama were reelected, is s

the economy. george, everybody always knew that this was a tight race and that it was going to come down to a few states. every vote counts in these key battleground states. >> you talked about the choice right there. since the second debate, governor romney has been out on the stump saying that president obama has no agenda for a second term. take a look. >> don't you think that it's time for him to finally put together a vision of what he would do in the next four years if he were elected. i just think that the american people had expected that the president of the united states would be able to describe what he's going to do in the next four years, but he can't. >> he seems to be getting some traction with that argument, can you counter it? lay out exactly what president obama would do in a second term? >> sure. george, i think it's pretty clear, i make two points here, one, after a decade of war, both in afghanistan and iraq, the most important thing that we have to do now is bring american troops home and battle for america's future and strength at home. that's the most important po

. on the issue of the economy that there are people polled governor romney won 58-40. >> that must have come from his answer to that africa american fellow said things have been rough. and that i believe mitt laid out the record the administration without interruption this is his best response of the night. i think that drove the message home as well as mitt said, any time this year. >> cbs has another poll in which the president obama is the winner says 37% president obama. >> that says it's about six rounds for obama. other five were even? that is right. >> what i didn't like is that it's like two camps had no regard for the question. they weren't addressing the yeses. -- questions they're busy fighting with each other. >> and they did get across the fact they do not like each other. >> when you look at romney hooking at him it was contentious. this is the most contentious debate they ever had telling me things about these two they believed deeply they don't like each other and don't like each other's philosophy. they did not hide their emotions. >> this wasn't like they're interested in answer

saying obama did well. >> howe hard is it to hit obama on theid economy? of course he did a good job. >> obama was in a coma the last debate. he said something. we have to go. we are back tomorrow night and will fact check the president. "greta" is next and we will see you. mr. nice guy this, was an in your face debate. he r.. >>> we have to make sure we make it easier for kids to afford college skmaik sure when they get out of clenl there is a job. >> most important thing we can do is make sure we're creating jobs in this country. good paying job that's can support a family. >> this president's policies haven't put americans back to work. we had fewer people working today. >> governor romney has a one point plan. the is to make sure folks at the top play by a different set of rules. it's been his philosophy as private sector, as governor and a presidential candidate. >> in four years you've cut permits and licenses on federal lands and waters in half. >> not true. >> how much did you cut them by, snen. >> we've produced more oil. >> no. no. how much did you cut licenses and federal

as having a very dell tear yus effect on our economy. >> homeland security chairman peter king, we appreciate it. thank you for your insight. >> we know benghazi was going to be a major focus of last evening's debate and president obama would likely continue to skirt questions really that americans deserve answers to. we did not know moderator candy crowley was going to inject herself into the debate. be a safety net for obama and throw romney off his game. take a listen to this. >> took the president 14 days before he called the attack in benghazi an act of terror. >> get the transcript. >> he did in fact, sir. let me call it an act of terror -- >> say that a little louder, candy. >> he did call it an act of terror. >> here's the problem. he did not. and crowley knows it. since the debate she has recanted. pay close attention to this piece of sound from the president the day after the attack. >> no acts of terror will ever shake the resolve of this great nation, alter that character or eclipse the light of the values that we stand for. >> the bottom line is mitt romney actually ha

" and as long as folks running the office won't tell you the truth about the economy, i will. here's the problem with mitt romney's math. he slashes personal income taxes by 20% across the board, the cost of doing so will be $5 trillion over ten years. okay, so that's less money for a government already deep in the red, one would assume it makes the deficit worse, right? wrong. romney says he'll pay for that tax cut in two ways, one, he'll limit the tax breaks. he'll spur economic growth because people can use that money that they'll save this taxes. it's not entirely clear how much economic growth that will produce. what is clear is that the measly 1.3% of economic growth that they achieved in the second quarter this year isn't enough to make up for the romney shortfall, and with the u.s. economy forecasted to grow by about 3% in 2013 and 2014, romney's plan, as attractive as it sounds, is in doubt. kevin hasseth is an economic adviser. kevin, romney's plan seems to assume that the simple act of lowering taxes will generate enough growth to raise the revenue to pay for the steep cost of those c

good business advice, the sooner the economy collapses the better. >> neil: it raises a national security issue, dick cheney when i say had him on and others talked about the idea, when you are in real economic dire straits, it does hurt your credibility around the world, or to charlie's point, as bad as we are, the rest of the world is worse. >> it hurts our credibility and makes people think at some point down the road they will not be able to pay for to enormous defense establishment and we'll wait them out and when they ka no longer afford it we'll go after whatever prize we want. >> the economic thing is really worrying to me. we'll have -- they'll probably raise taxes to deal with this stuff. and particularly, if president obama is elected. >> i hope so. >> i hope not. >> neil: it is argued that that is what will happen. >> that will be one of the worst things for the economy. if that happens, when we raise taxes, i'm not talking plugging loopholes, really raising marginal rates on a family of four that makes $200,000, and lives on long island, hardly a billionaire, as the

the economy, i suspect he will do well. host: are you still with us? caller: in 1968, he went to paris, france. i do not consider him a leader. guest: it was for a peace corps type thing the mormon church does. you could probably dig up things i have written making fun of anyone who goes to live in paris. he has done a good job of defending that and making the argument he was doing a terrible thing and fulfilling a public service requirement of the mormon church. that speaks to another thing. during the primary, i was highly skeptical he would be able to get beyond his mormonism with the christian voters. it is remarkable how he has managed to make it not be an issue. a lot of it has to do with the business of explaining not the differences between warm innocent and the other christian faith, but all of the stories that have come out about his charity work and the generosity, and things like that, which would include the mission work in paris. i think it allays the fears some people have about him being part of a cultish religion when it is just part of being in a christian religion. host: the

something about the romney folks during this campaign. when the economy starts looking up, they start looking a little down in the mouth. they just can't admit the economy is getting better. >> when president obama came into office, he did inherit a tough situation. problem is, he made things worse. >> president obama made the economy worse? what planet are these guys living on? this is the same old talking point that mitt romney had so much trouble with earlier in the campaign. remember how he couldn't decide whether the economy was getting better or not? >> when he took office, the economy was in recession and he made it worse. and he made it last longer. >> he didn't create the recession. >> he did not cause the recession but he made it worse. >> i didn't say that things are worse. >> is that a hard argument to make, okay, he inherited this recession and took a bunch of steps to try to turn the economy around and now we're seeing more jobs but vote against him anyway? >> have you got a better one, laura? because this happens to be the truth. >> you're right, governor. it just happe

romney's growth message. we're going to have an in-depth talk on politics, economy, and stocks with charles schwab. this is "the kudlow report," only moments away. >>> got to take a moment out to congratulate vikram pandit and t i will see you tomorrow! >> larry, what are you looking at tomorrow? >> larry, good evening, i'm larry kudlow. this is "the kudlow report." how about this? women are running away from president obama and pushing mitt romney's momentum in the swing states just before the second debate tomorrow, believe it or not among women, it's now tied at 48. that's a big upset for obama, according to gallup. tonight, our own kudlow debate, democratic congresswoman carolina maloney versus jason th chavitz. the dow up 9595! retail sales increased in every category and the bad news, still conducting a capital goods strike worried about inflation, an the fiscal cliff. >>> more than 1900 investigations into obama alleged stimulus wrongdoing. we will expose how many millions of your tax dollars have been wasted and get to the exclusive interview of the legendary charles sc

for america's young people. i want you to get a job. i know what it takes to get this economy going. with half of college kids graduating this year without a job and a college-level job, that is unacceptable. you have more debt on your back. more debt, less jobs. i will change that. i know what it takes to create good jobs. i know what it takes to give you the opportunity you deserve. we are bringing back an economy. it will not people like the last -- it will not be like the last four years. the middle class has been crushed. jobs have been scarce. i have a chance to bring those back. when do you graduate? 2014. i presume i will be president. i will make sure you get a job. thank you. >> your future is bright. the fact that you are making an investment in higher education is critical. not just to you but to the entire nation. the most important thing we can do is make sure we are creating jobs in this country, but not just jobs, but good-paying jobs. one that can support a family. what i want to do is build on the 5 million jobs we have created over the last 30 months in the private sector al

is the professor with the recent book "the coming prosperity: how entrepreneurs transform the global economy." here's the cover the book. professor, what role does fear play in economic development? >> guest: well, that's a great question, and maybe i'll talk about what role does fear play in our conversations about development, conversation about our presence so when we talk about our reality and share our ideas in a marketplacek competing with other ideas, and we know three things about marketplaces for ideas. short term sells better than long term. fear sells better than hope. negative sells better than positive that is to say, and exaggerated sells better than moderated. we see a disproportioned number of short term narratives of negative e exaggerated stories essentially. short term, negative, exage -- exaggerated. we're cree chars that grew up in environments where we were always subject to threats. we're no longer in those environments. we're in a complex economy that's interdependent, that -- that really relies on organizations to provide us with our necessities, and so we have to update ou

deserve. and kids across the country are going to recognize, we're bringing back an economy. the middle class has been crushed over the last four years and jobs have been too scarce. i know what it takes to bring it back. when do you graduate? >> 2014. >> when you come out in 2014, i presume i'm going to be president, i'm going to make sure you get a job. thanks, jeremy. >> mr. president? >> jeremy the fact that you're making an investment in higher education, is critical. not just to you but to the entire nation. the most important thing that we can do is to make sure that we're creating jobs in this country, not just jobs, but good paying jobs, ones that can support a family. i want to focus on the 30 million jobs that we created in the private sector alone. and there's a bunch of things we can do to make sure your future is bright. number one, i want to build manufacturing jobs in this country again. when governor romney said we should let detroit go bankrupt, i said we're going to support the auto industries and bring it back. not only in detroit, but all across the country, we want

you to be able to get a job. i know what it takes to get this economy going. with half of college kids graduating this year, without a college -- excuse me -- without a job, and without a college-level job that's unacceptable. likewise, you got more and more debt. so more debt and less jobs. i'm going to change that. i know what it takes to create good jobs again. i know what it takes to make sure that you have the kind of opportunity you deserve. kids across this country are going to recognize we're bringing back an economy. it's not going to be like the last four years. the middle class has been crushed over last four years and jobs have been scarce. i'll bring them back. when do you graduate? 2014. when you come out in 2014, i presume i'll be president, i'm going to make sure you get a job. thanks, jeremy. yeah, you bet. >> mr. president. >>> jeremy, first of all, your future is bright. the fact that you're making an investment in higher education is critical, not just to you, but to the entire nation. now the most important thing we can do is to make sure that we are creating jobs

to include the economy. next week it's all foreign policy. the moderator tonight is candy crowley of cnn. >> crowley: good evening from hofstra university in hempstead, new york, i'm candy crowley from cnn's "state of the union." here here for the second presidential debate, a town hall sponsored by the commission on presidential debates. the gallup organization chose 82 uncommitted voters from the new york area. their questions will drive the night. my goal is to give the conversation direction and to ensuring questions get answered. the questions are known to me and my team only. neither the commission nor the candidates have seen them. i hope to get to as many questions as possible and, because i am the optimistic sort, i'm sure the candidates will oblige by keeping their answers concise and on point. each candidate has as much as two minutes to respond to a common question and there will be a two-minute follow-up. the audience in the hall has agreed to be polite and attentive, no cheering or booing or outbursts of any sort. we will set aside that agreement just this once, to welcome

the crowd. ryan focused mainly on the economy but also accused the president of using a sea of negativity. >> president obama is not telling you what his second temple plan would be. >> he's not saying that he would do anything new. all he's offering is four more years of the same. >> robert costa, this is interesting, ryan attacking obama. is this going to be a big theme in the last 18, 19 days? >> it definitely will be, larry. talking to romney advisors, this is their closing strategy. coming out of the first two presidential debates they see a big opening on polity and on vision. if it turns out that the president doesn't have a good vision for -- >> it's partly a referendum on the economy and it's pointing out what romney's plan is, 20% across the board tax cut, but what romney's doing now is that the president could earn on rom hi he he he doesn't have a tax plan, romney wants to point out out to the voters. >> obama does have a tax plan, he wants to raise taxes on small business owners, raise taxes on business and raise taxes on entrepreneurs and raise taxes. >> the obama job plan i

. and with the u.s. economy forecasted to grow by about 3% in 2013 and 2014, romney's plan, as attractive as it sounds, is in doubt. kevin hasset is an economic adviser for the mitt romney campaign and author of some of the economic plans. kevin, romney plans seem to assume that simple act of lowering taxes will generate enough growth to raise the revenue to pay for the steep cost of those cuts. but a lot of economists agree with that notion. it's a classic chicken and egg scenario. i talked to larry summers a couple days ago. he can't get the math to work either. >> it's easy to have an attractive tax plan if your campaign staff can make it up. the reality is that every expert who's looked at it found that cutting taxes by 20% costs $5 trillion. >> okay. let's get down to this. we understand there will be certain revenues that will come in. there will be certain revenues lost. you kept people keep some of their money. the issue is how much more growth to you get from that? the issue is how much better is the economy because you have given everybody a discount on the taxes that they pay?

to get a job. i know what it takes to get this economy going. with half of college kids graduating this year without a job and a college-level job, that is unacceptable. you have more debt on your back. more debt, less jobs. i will change that. i know what it takes to create good jobs. i know what it takes to give you the opportunity you deserve. we are bringing back an economy. it will not people like the last four years. the middle class has been crushed. jobs have been scarce. i have a chance to bring those back. when do you graduate? 2014. i presume i will be president. i will make sure you get a job. thank you. >> your future is bright. the fact that you are making an investment in higher education is critical. not just to you but to the entire nation. the most important thing we can do is make sure we are creating jobs in this country, but not just jobs, but good-paying jobs. one that can support a family. what i want to do is build on the 5 million jobs we have created over the last 30 months in the private sector alone. there are a bunch of things we can do to make sure you

and stabilizing home values. >> we've seen a nice improvement in the economy over the past three months and also seen a solid rebound in wage growth and that's given consumers more confidence and more discretionary spending power. >> reporter: but unemployment is still high, gasoline is more expensive now compared to a year ago. and there are still other factors that could restrain spending. >> i think just general uncertainty about the economy and what happens after the election. it's probably the number one headwind we're looking at. >> reporter: so the question remains: will the strong september spending momentum carry into the all important holiday season? it helps that consumer confidence is rising. >> households are feeling a lot more buoyant than they did last year. or at any point in the past five years. so i think that should translate into fairly decent consumer spending activity going into the holidays and perhaps beyond that. >> reporter: but it is clear that the iphone 5 will be a popular gift item this holiday season. an estimated 46 million are expected to be sold in the fourth qu

's get back to your own view of the marketplace. >> tell us why. >> i think the u.s. economy has got increasing growth over the next several years. >> we have ample resources. the glass is half empty, you say the unemployment rate is high, but it can be half full as we have many years of growth ahead of us as we put people back to work. the driver is going to be a huge increase in the strength of the housing market. in terms of the higher home building activity. >> pending home sales did well today. >> that is right. the housing prices did more to hurt the consumer than anything else. housing prices have turned up, but it is widely recognized that they have turned up. >> this is such a key point. if the housing recovery continues, ken, that is going to contribute to employment and incomes and gdp growth. >> i'm saying that natural forces as they do are going to cause the economy to show it's great strength. >> that is what has been missing. in other words instead of growing at 2% we should be growing at 4 or 5. >> it has been missing the whole time. >> what is beautiful about this. w

number, people say obama won the debate, but when you look at the breakdown in terms of en the economy, on taxes, on the deficit, promising numbers for mitt romney. >> what do you vote on? do you vote on the basis of how articulate somebody is, how good somebody counterpunches or the economy, when you think somebody has a plan to change or improve the economy, somebody has a plan to fix the deficit. that's the key thing that drives elections because it gets to voter behavior, not just debate likes and dislikes. it looks like mitt romney has done better than -- >> there is a different dynamic too. he wanted to energy his base, get his momentum back. he picked up something for that. there is a cost. the cost was he was tacking mitt romney's plan, legitimizing mitt romney's plan, that's what the debate was about most of the evening. we're going to see numbers that say romney has a better plan. also, only 33% of this survey was republicans. but 58% thought romney had a better economic plan. that's a pretty impressive number tonight for mitt romney. >> here's what the president did very wel

was $1.80. $1.86? why is tha the economy was on t verge of collapse. because we were about to go through the worst recession since the great depression. >> the president wentt on to say the gas prices are going back up because demand is back up. governor romney says prices are spiking because of te president's green energy push. i'm david asman, welcome to forbes on fox. >> full house today. mike, is the president right? >> no, he's absotely wrong. he showed how clueless he was about our energy policy. blaming the stronger economy on higher gasoline prices misses the point of the reagan recovery where t economy boomed and gasoline prices fell and the clinton recovery where gas prices fell. the president blocked the pipeline from canada which is cost us a tremendous amount of jobs. he confiscates taxpayer dollars. >> rick unger a lot of conservative critics of romney are concerned we didn't hear about solyndra. >> it's teresting because mike made compelling arguments. the problem is absolutely none of them have anything to do with the price of gasoline. ok, you can argue if you like that

. it's an busy and important time for your portfolio and the economy for sure. here's ken rogoff, professor of economics at harvard. wonderful to have you back on the program, welcome. >> thank you, maria. >> tell us broadly what impact you think either candidate would have on the economy and you're not affiliated or advising either campaign, yes? >> i'm not. i mean, if they got their vision put in place, then i think they very different. my best guess is that congress will resist whichever candidate becomes president and will sort of continue to muddle along. but, i think broadly president obama puts much more emphasis on reducing unequality and governor romney puts more emphasis on growth. they tell you we want everything and governor romney might say something about inequality, but broadly speaking that implies probably somewhat forward growth under president obama, maybe not for middle income americans and faster growth under romney. although, of course, we don't know exactly romney's plan but i think what he has in mind is a big tax cut, reagan/bush like, hopefully improving

ignored? caller: when you make regulations on an economy and pretend that will not hurt the economy. when you put regulations to the point that if bankers make a loan and the loans did not work out and people lose their money, not only will you go bankrupt, but you might actually go to jail. do you not think that will have an effect on people making loans? you just ignore that fact? you are ignoring the fact of basic human nature that people do not want to go to jail. they will be careful with these regulations and that is holding back the economy. host: we have a couple of items on facebook. our address their facebook.com/cspan. back to the funds. al in new orleans. caller: good morning and thank you for taking my call. host: do fax matter to you when you go to the polls? caller: yes, i spent 27 years in the military. i fought for this country and came back home to run into bigotry. the only thing i am looking at now is the fact of the matter is, this country is at a stalemate because you have a bunch of bigots politicians. the country needs to -- instead of looking at what is wrong, the

, especially now. these are difficult times. the shift in the global economy , pressure on spending and taxes, on matching deficits and unleashing the forces of innovation. from everything i have seen, the u.k.'s first coalition government since churchill is meeting these challenges head on. in the face of the most challenging economic times we have experienced in decades. this is a government that clearly is not afraid to lead. in 2010, when david cameron entered 10 downing street, the british economy and the entire european union was in dire straits. since then, most national governments have tried to ride out the storm by simply battering down the hatches and opening -- helping clear skies will return quickly. very few governments have charted new courses that will lead them to clear skies, and i think the united kingdom has been an exception and the conservative party has been the region -- reason. [applause] prime minister cameron, together with his chancellor george osborn, are creating a new course for britain. it is not easy work, and i can appreciate how hard it is to step into a cri

difference between these two candidates. the central question is what will grow the american economy? governor romney's basic answer is lower tacks and a more streamlined tack code and fewer relg lagss. president obama's answer to the same question would be investments in education, infrastructure, science and technology, as well as support for energies. both arguments have merits to them. so the question is which is our most urgent problem now. well, the united states is the seventh most competitive economy in the world. it's dropped a bit over the last four years. overall, however, whether compared with our own past of, say, 30 years ago when airlines, banks and telecommunications were tightly control by government rules or compared with other countries, the united states remains a pretty business-friendly place. the u.s. economy boomed in the 1950s with tax rates that were much higher than today, and germany, the country that has connell out of the current crisis best is not exactly a model for low tangss and low regulation. a as i've often pointed out america is worse off than it

what it takes to get the economy going.w -- going. with half the kids graduating without a college level job is unacceptable. and more debt on your back. i know what it takes to create good jobs again and to make sure you have the opportunity you deserve. we are bringing back an economy. it ilwill not be like the last four years. i know what it takes to bring them back. when do you gradulate? 2014. when you graduate, i presume i will be president and make sure you get a job. >> mr. president? >> first of all, your future is bright, and the fact you're makin gag an investment in highr education is critical. we have to make sure that we are making good-paying jobs in this company, and what i want to do is build on the 5 million jobs we've created in the private sector, and there are many things s we can do to make sure the future is bright. i want to build manufacturing jobs. when romney said detroit should go bankrupt, we invested and it has come surging back. we change our tax code to give incentives to companies in the u.s. and we help them and small businesses export in new marke

there is clearly a broad band gap between urban and rural america. what that gap means for our economy will be a central question for us today, which is why we are in part holding this -- in part calling this an economic forum on the future of rural communications. first, the executive director of the foundation for rural service will offer remarks. then we will hear from heinz hanns kuttner. then i will moderate a panel discussion about rural telecommunications, and then questions and answers from the audience. now let me begin by introducing elizabeth proctor, executive director of the foundation for rural service, the philanthropic arm of the national telecommunications cooperative association. she oversees a wide variety of programs ranging from you-based initiatives and educational materials, and consumer awareness of rural economic development. she worked for senator joseph lieberman, secretary of energy bill richardson, at the white house, as well as at a foundation. please give a warm welcome to elizabeth crocker, ladies and gentlemen. [applause] >> thank you so much. welcome,

is that there are costs to the economy into society, to families and businesses. and the cost of breaking up the small banks outweighs the benefits. the benefits are improved stability and improved safety. so i understand there could be some benefits there. ballots in the cost, -- but i was in the cost of foregone activity, that forgone activity outweighs the potential benefit. at the same time, i think are better ways to deal with this. there are better policy approaches to deal with some of these things raised by banks. so what to do and what not to do the other. there are better policy approaches. and here they are. i think it would be better to say, what can we do before the next crisis. and what will we do during the next crisis. and before to implement the better capital standards and quality requirements, including dodd frank and basel and other approaches to ensure that banks, including the largest ones -- problems and future crisis. and to elevate liquidation authority during crisies to ensure that every institution including the largest ones can fail without posing a risk to a financial syst

romney's economy. the story of the romney economy can be told with 200 jobs here in this small town of illinois, freeport. now, it's important to know, i think how all of this happened. we're going to tell that story tonight. it's important to understand the plea coming from the community to stop it. this is your new america, unless you do something about it. we came here to broadcast outside the sensata auto parts plant here in freeport. sensata closed the doors of the plant for the entire weekend. the entrances are barricaded. workers were told not to report. none of these workers will report to the factory when it closes in december. those jobs, they're headed a long way away. a place called china. we have a huge conversation going on in this country right now about jobs. the guy who wants to take the president of the united states' job, barack obama, mitt romney's job, it's all about what is happening right here in america. today, the president said, mitt romney is trying to forget how his economic policies benefit the very rich like the owners of this factory. >> he's forgettin

what it takes to get this economy going. with half of college kids graduating this year without a college... without a job and without a college-level job that's just unacceptable. likewise you've got more and more debt on your back. so more debt and less jobs. i'm going to change that. i know what it takes to create good jobs again. i know what it takes to make sure that you have the kind of opportunity you deserve. and kids across this country are going to recognize we're bringing back an economy. it's not going to be like the last four years. the middle class has been crushed over the last four years. and jobs have been too scarce. i know what it takes to bring them back. i'm going to do that and make sure when you graduate -- when do you graduate? 2014. when you come on the in 2014, i presume i'll be president. i'm going to make sure you get a job. thanks, jeremy. yeah, you bet. >> crowley: mr. president? obama: first of all your future is bright. and the fact that you're making an investment in higher education is critical. not just to you but to the entire nation. now, the

issues is very small. however, they are important issues for the economy and the country. the fact you haven't seen this being a top-level topic for the either the obama administration or the romney campaign team is just indicative of the fact that, you know, it's not really a campaign issue. but i think you will see that it's a very important governance issue, and i expect both sides to be prepared to vote significant -- devote significant energy and effort to it should they be the administration. >> guest: um, i'll take a different tack on that. i think the american people understand that investment in innovation is hugely important to their well being, to their opportunities for jobs, opportunities for jobs for their kids and their grandkids. i think they understand that, and i think they see investment in that is, essentially, investments in the middle class. and they understand that that's what we need to grow to be a prosperous country in the 21st century like we were in the 20th. so i think it'll weigh heavily in a way. i mean, no one's -- as i say, no one's going into the booth

are on food stamps. how about the growth of the economy? it's growing more slowly this year than last year. and more slowly last year than the year before. >> bill: well, romney delivered that message very well. even though some of his stats can be debated. the president's best moment came at the end of the debate when he finally brought up the governor's 47% comment where he implied many americans who support barack obama are not self-reliant and want stuff from the government. think about who he was talking about. people on social security who have worked all their lives, veterans who have sacrificed for this country. students who are out there trying to hopefully advance their own dreams but also this country's dreams. soldiers who overseas fighting for us right now. people who are working hard every day paying payroll tax. gas taxes but don't make enough income. and i want to fight for them. >> bill: mr. obama said that in his closing statement so mr. romney could not reply. kind of sneaky but effective. on the negative side, the president had two, two very weak moments. romney one. th

for the economy. here's a tip. usually when a politician tells you he's going to wait until after the election to explain a plan to you they don't have a pleasant surprise in store for you. >> now mitt romney in virginia about 90 minutes ago. >> i love these debates. you know? these things are great. i think it's interesting that the president still doesn't have an agenda for a second term. don't you think that it's time for him to finally put together a vision of what he'd do in the next four years if he were elected? >> as i said, for the next hour, we'll review last night and look at how we move forward to monday's final debate in florida which is on foreign policy. and speaking of foreign affairs, near the end of the long island cage match last night that libya came up and the president turned what was supposed to be a problem for him in to a big plus. >> the day after the attack, governor, i stood in the rose garden and i told the american people and the world that we were going to find out exactly what happened, that this was an act of terror. the suggestion that anybody in my team wheth

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