Romney: GDP report is the latest disappointing news

>> talk about instant analysis to break it down, vin weber , romney campaign economic adviser, democratic strategist steve, and i want to start with you. was there anything new or specific in that speech? i think i already know the answer but enlighten me. you know more about the economy than i do.

>> if there was i missed it. but the tone was interesting because as he has done since the first debate he has been emphasizing the fact he can work across party lines . he talked be about bridging the divide. talked about finding good democrats, good republicans. this is important because right now, this number one issue that's bothering businesses and hoping the economy back is fear of the fiscal cliff. everybody knows you can't solve that on -- that one president or one party can't solve that. so sending that kind of signal i think is a reassuring statement to both to people and business that he's prepared to do what's necessary to get the deal done. the trick is that it takes two parties to do that and it's not a guarantee he will have two parties.

>> i would say not just a business, but to the extent there are undecided independent voters out there, they love the idea of the two parties working together. partisans don't but those folks who haven't made their mind up. vin, the thing i was -- i circled it a bunch of times of romney 's speech and wrote it in capitals you know it's important.

>> it's important.

>> the word change. romney in the last three paragraphs change, this election is a choice between the status quo or choosing real change , ready for that kind of change, he says -- ad libs ready to change america. it's a remarkable turnaround from hope and change the core of barack obama 's agenda. can mitt romney sell himself as the change candidate.

>> this has been the consistent message of romney throughout this campaign is that the economy is off on the wrong track, the president's direction is the wrong direction and the country has to make a decision to change directions and we're seeing in the polls now, he's being rewarded with a vote of confidence from the voters on that. he has a double-digit lead over the president on who can best handle the economy going forward, this week, those polls have come out and it's all about economic change. i think that message which he has been delivering for well over a year now, couple years really, has -- is resonating with voters. i think it's going to result in a romney victory.

>> now to vin's point, steve, in the recent post poll we did ask who do you think can better handle the economy, romney whiz a lead which he didn't have a month ago. joe biden , the president on the campaign trail saying this is a choice election, we agree with mitt romney , it's a choice between what we've done and know he would do which is go back to the policies that don't work. is your side not selling that argument well enough at this point or what explains what romney moving upward on that economic trust argument?

>> i think he had a good first debate and he's obviously, you know, we've regained ground since. the speech today had no new ideas in it. didn't have any big ideas . it was a repeat of the bad ideas he's been talking about. what we know is what the real mitt romney believes what is we saw in the videotape from the fund-raiser abouts the 47%. he wants to go back to the bush era economics and, you know, barack obama and joe biden have got to spend the next 13 days making a strong case for why their vision of the economy is the vision we need for the next four years.

>> greg, want to do something quickly because i want to -- there's so much rhetoric flying out. put out an actual number, the gdp came out, up 2% in the most recent quarter. that's up from 1.3% in the quarter prior. a little bit more than we expected, but not booming. can you use your big economic brain and context actualize this for us? what does this mean for -- what does it tell you about the economy.

>> more of the same. the economy has been growing around the 2% rate. this is the number one reason obama is struggling. behind all the rhetoric and shift in tone the main message of the romney campaign continues to be the economy will defeat obama why they don't need the specifics. now the irony here i think is buried in the numbers that are coming out all the time you can see the signs of the economy beginning to turn. consumer sentiment is at a five-year high. the irony will be that if romney wins, it will have -- it will be coming as perhaps the evidence that obama needed that his plans were working was starting to filter in.

>> we're still so far out. arguings economics is not a winning proposition. we need to get above 3% gdp growth to get this economy to full employment and we're way off that.

>> but to that point we do know that the trend line at least historically matters more than the number, reagan 7.4% unemployment down from 10%, he wins 49 states which you know because you're from