(Mark Wilson/Getty Images)

President Obama had one welcome bright spot in a week when challenger Mitt Romney was widely considered to have won their first debate: the jobs report. The nation’s unemployment rate is at the lowest level since the month Obama took office, according to the latest Labor Department report. We’ll talk about the state of the economy and the two candidates’ economic plans.

Guests:
Tammy Frisby, research fellow at the Hoover Institution at Stanford University, adviser to the Romney campaign, and teaches American politics at Stanford.
Michael Linden, director of tax and budget policy at the Center for American Progress
Hilda Solis, U.S. Secretary of Labor, Department of Labor

  • Beth Grant DeRoos

    How many of those no longer looking for work or out of unemployment benefits simply aren’t being counted? And how many of the jobs filled were filled by one person working one or more part time jobs and a not full time job? Unless we have a 7.8 rate for one full quarter nothing counts with me.

  • Fred

    Maybe our economy wouldn’t be so messed up today if Obama department of justice had prosecuted the Wall St crooks who ruined the economy. Alas both Eric Holder and his lieutenant Lanny Breuer (and others at DOJ) have close personal and professional links to the crooks, so prosecutions will never happen. These people are thoroughly corrupt and they are a disgrace to our country.
    http://dailycaller.com/2012/08/07/report-cronyism-political-donations-likely-behind-obama-holder-failure-to-charge-any-bankers-after-2008-financial-meltdown/

    • Chemist150

      Personally, I hold the federal government responsible for the housing market. If it had not been for the “loan guarantees” of Fannie Mae, the banks would not have been making crazy loans and betting against them. They failed to have sufficient oversight over the guarantee process and any agent could make the requirements fit so they could get commission before selling it to a bank and then the bank doing the mortgage swaps.

      One cannot force a business to be on the up to up but when you give them the perfect vehicle to get away with it, they will. Quit giving them the vehicle. Unfortunately, the government continues creating bubbles like this: higher education (affecting pay/local economy), healthcare (medicare/medicaid) allowing for uncontrolled rising healthcare costs by taking it out of the free market and dominating half the expenditures, and now Obamacare which only puts the insurance on the open market more and does nothing to actually reduce costs on the healthcare costs since the insurance does not determine actual costs.

      History repeats because we do not remember history or more accurately, we do not remember it properly.

  • chrisco

    With Jack Welsh, we can observe in 2012 that even the presumed reality-based brain trust of the GOP has gone off the rails.

  • James Ivey

    What?! Growth at the end of the 80s?! That was a recession. Want a model for growth, look at the Clinton years! Obama couldn’t do that without a filibuster-proof senate.

    Oh, and I love how Republican pundits like to explain the huge growth that directly followed the Democrat’s 1993 Deficit Reduction Act that had exactly its intended consequences as some freak event, though it was bookended by 2 Bush recessions.

    Look, it’s very, very simple.

    Bush (R): recession.
    Clinton (D): growth.
    Bush (R): recession, then depression.
    Obama (D): growth.

    It couldn’t be any more simple.

  • Chemist150

    When talking about Clinton era economics, do not forget Newt and the balancing of the federal budget because it was Republican led and Clinton simply signed it. That is all that matters. It kept the money here instead of sending more and more to China every year and it was used to employ people.

  • Chemist150

    When talking about Clinton era economics, do not forget Newt and the balancing of the federal budget. It was Republican led and Clinton simply signed it. That is all that matters. It kept the money here instead of sending more and more to China every year and it was used to employ people.

  • David

    Although I am not a Republican and am not fond of Republican ideology, it was nice to hear an intelligent discussion between the two opposite sides in this debate. I wish there was more such thoughtful discussion in the political arena today.

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