November 28th, 2007
10:07 PM ET
4 years ago

Schneider: It's the economy, stupid

ST. PETERSBURG, Florida (CNN) - The economy is becoming a bigger and bigger issue. Which candidate does that help? Probably former New York Mayor Rudy Giuliani. He claims credit for the turnaround in the New York City economy. Giuliani and former Massachusetts Gov. Mitt Romney are the only candidates with experience in economic management, and Giuliani's record of success is better known.

– CNN Senior Political Analyst Bill Schneider


Filed under: Uncategorized
soundoff (16 Responses)
  1. Laura Tulsa OK

    Consumer spending is at an all time high. Yes, there's a credit issue with people who signed disclosures on mortgages they couldn't afford, but what economic issues are you referring to?

    November 28, 2007 10:10 pm at 10:10 pm |
  2. Heather, Nashville, TN

    But what about looking at New York before 9-11? As for the economy only Clinton can bring it back to where it should be. Under Bill's administration my family was living well, not rich but middle class. Under the Bush administration my family has lost it all and we're not the only ones who share this story.

    November 28, 2007 10:11 pm at 10:11 pm |
  3. Lostwarbird, Weatherford, Tx

    how about letting other candidates answer more frequently. Giuliani, Romney, and McCain get all the questions. Thanks to the media, candidates like Ron Paul dont get the hype that they should.

    November 28, 2007 10:15 pm at 10:15 pm |
  4. Allen, Phoenix AZ

    How do you possibly get the idea that Romney and Giuliani are the only ones with economic experience? Ron Paul sits on both the Joint Economic Committee and the Committee on Financial Services. He is the Ranking member of the Domestic and International Monetary Policy, Trade and Technology subcommittee a.

    November 28, 2007 10:23 pm at 10:23 pm |
  5. McBain, Boston, MA

    Giuliani's is better known? ARE YOU KIDDING ME? Last I checked, Romney's BAIN CAPITAL was one of the top 5 private equity firms in the country, with tens of BILLIONS under management. What billion dollar companies has Giuliani managed?

    In a slightly more like-like comparison, how well has Giuliani's consuling firm–Giulani partners–compared with Romney's BAIN and Co? BAIN is a top-3 management and strategy consulting firm, with over a billion dollars in yearly revenue.

    What financial sucess has Giuliani had again?

    November 28, 2007 10:32 pm at 10:32 pm |
  6. aj huntington ny

    Allen – sitting on a committee is not making policy or making leadership decisions or lowering taxes. Both Romney and Giuliani lowered taxes. Lowering taxes equates to cutting spending. That's the main thing most Americans want to do on a national level.

    November 28, 2007 10:33 pm at 10:33 pm |
  7. Anthony Wray, Arkansas

    If people would read Ron Pauls book they would see he has a plan to save the economy and rebuild the country. If a majority read just the first 50 pages he would win by a landslide.

    November 28, 2007 11:04 pm at 11:04 pm |
  8. Kent, Little Egg Harbor, NJ

    Dr. Ron Paul knows that the Fed Reserve is nothing but a scam imposed on this country by the bankers of Europe in 1913. He's the only one on that stage smart enough to devise an honest money system, backed by real specie, that will work long after our current one collapses, leaving the US in a depression during Bush's last year in office....

    November 28, 2007 11:22 pm at 11:22 pm |
  9. Bruce Barnes, Conroe, Texas

    AJ,
    Lowering taxes equates to deficit spending.

    November 28, 2007 11:45 pm at 11:45 pm |
  10. Sherry Cullum, New York NY

    Both Giuliani and Romney boast about the number of times they cut taxes but they failed to mention the number of times that they RAISED taxes which negated ALL of the hyped up tax cuts.

    It's okay to talk about their record but at LEAST be honest and talk about their ENTIRE record!

    November 29, 2007 12:33 am at 12:33 am |
  11. Nurul H, Phoenix, AZ

    So who borrows and spends again?
    Facts regarding Federal Spending
    SOURCE: http://www.federalreserve.gov/releases/z1/Current/z1.pdf
    Z.1, September 17, 2007 Page 7
    Year Borrowed
    1993 256.1
    1994 155.9
    1995 144.4
    1996 144.9
    1997 23.1
    1998 -52.6
    1999 -71.2
    2000 -295.9
    2001 -5.6
    2002 257.6
    2003 396.0
    2004 361.9
    2005 306.9
    2006 183.4
    2007 Q1 326.2
    2007 Q2 -70.8

    November 29, 2007 05:13 am at 5:13 am |
  12. darron, newark, n.j

    Well the yankees were not in the world series and the red sox were in the world series and also in the AL..Guiliano said that over and over again...what part people don't understand...if the yankees are not in and you have to choose most likely you would choose AL team since the yankees are in AL

    November 29, 2007 06:24 am at 6:24 am |
  13. Thomas, St. Petersburg, FL

    If you think the economy is shaky now, wait until Queen...er, uh, President Hillary raises your taxes for income redistribution.

    November 29, 2007 08:19 am at 8:19 am |
  14. Surrealist, Fort Myers, Florida

    Our economy is not that great. Look at the homeless numbers (families). Our government–currently looks only at metrics to evaluate whether the economy is good or bad. Point: People working less than full time are not eligible for unemployment benefits. So take your unemployment benefits "new claims filed" data and toss it out of the window...because it's irrelevant to reality. Most hourly employees work less than full time–hello!!! I believe that those metrics do not provide a clear picture of the"real" financial situation on the ground. Fact is: value to the dollar of goods necessary to sustain an adequate subsistence in a Western Industrial society has been in serious decline–and this needs to be address. You work harder, more jobs–and you still cannot sustain a modes standard of living. When an average CEO of any company public or private makes over $1000 per hour and the average American working for the same country (husband and wife) make $26.00 per hour–you have to notice some disparity here. Anytime an executive makes 38-40 times what the hourly worker makes...the benefits of capitalism are not being shared equally. In the case of a minimum wage worker the ratio of CEO pay to the hourly rate is 142 times greater!!!Granted–if you founded the company on your own this might be different–you should be able to reap gratuitous reward...but most CEO's usually create the companies they work for. In addition–we're talking only salary here–not the millions of dollars in stock options and other perks received by CEO's. The division of wealth is a big issue–especially for those who feel as if they are being expoited. The only 3rd party in America that is growing is the American Socialist Party–does anybody really wonder why???? Most of us believe in capitalism as opposed to socialism. But greed, and lack of attention to the working folks–is creating great dissent–and I fear a crisis is near. None of the candidates are rationally discussing economic issues (they still believing in Reaganomics). Bold change is necessary. And frankly, the fact it wasn't even an issue during a national debate–shows where they stand to me.

    November 29, 2007 01:56 pm at 1:56 pm |
  15. Nurul H, Phoenix, AZ

    It is not the economy silly. Not 1 E. 3E's – Education, Energy, and Emergency Health Care . For starters check what the Prime Minster Mr. Rudd elect of Australia is doing.

    November 29, 2007 06:34 pm at 6:34 pm |
  16. Laserhaas

    Dept of Justice has declined to prosecute $300 million in fraud that benefited Romney's Bain entity when Romney was still controlling manager in 2001.

    The Law firm of MNAT and TBF have confessed to supplying false more than 19 affidavits to the federal court during the eToys bankruptcy case as they worked for eToys when they sold the assets of eToys to their other client Bain/KB Toys for tens of millions in discounts.

    Now it is discovered that the US Attorney, Colm F Connolly, was a partner with the MNAT law firm in 2001. Refusing to prosecute your former partners, clents and associates seems to be a good career move as Colm Connolly is now nominated to be a US Dist Ct Judge.

    You can see our online affidavits at http://www.laserhaas.wordpress.com or http://fraud-corruption-mnat.townhall.com/default.aspx and the Wall Street Journal story on the plea deal made by law firm TBF, which is now disbanded, where TBF only had to pay a $750,000 fine and remained in charge and continued with the $300 million in Fraud. http://www.wjfa.net/bk/etoys.html

    What a wonderful country we live in where even a Presidential hopeful can enjoy deferred prosecution.

    January 2, 2008 03:45 am at 3:45 am |