Democrats will play the old Washington game of calling reductions in the rate of growth of spending for any program a 'cut'.

There's bound to be a recovery in [capital spending] sometime soon. We have had basically no capital investment for about year. At some point, machinery wears out, and you've got to replace it.

Democrats will play the old Washington game of calling reductions in the rate of growth of spending for any program a 'cut'.

Republicans favor tax cuts for the wealthy and corporations, but these had no stimulative effect during the George W. Bush administration, and there is no reason to believe that more of them will have any today. As for the idea that cutting regulations will lead to significant job growth, it's just nonsense. It's just made up.

It's obvious that a lot of Tea Party members tend to be elderly. You've seen that famous sign, 'Tell the government to keep its hands off my Medicare.' And I think as long as the government does keep its hands off their Medicare, they're fine with talking about low taxes. But once they start to realize that the Republicans really do want to not just cut Medicare, but essentially abolish it, you know, I just think those people are not going to be part of the Tea Party. They're going to be over with Occupy Wall Street.

I believe any decline would lock in a Fed increase with some certainty.

People are increasingly concerned about unemployment, but Republicans have nothing to offer them.