On MSNBC Discussing the Economic Situation and the Presidential Race

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steny hoyer is an obama supporter and joins us now. congressman, good to see you. thank you for joining us. >> thank you, nora. good to be with you. >> let's start with big news today. between found out home prices fell 5.9% from august 2007 to august 2008. another sign of the declining markets and trouble in the economy. john mccain today is trying to pin obama's tax plan against him. let's take a listen to that. >> senator obama is more interested in controlling who gets your piece of the pie than he is in growing the pie. >> congressman, do you think these new attacks by john mccain are going to hurt barack obama, especially with older voters in places like florida, where john mccain is today or even areas like pennsylvania which john mccain doubled down on and wants to win that state? >> no, nora, i don't. i think americans are too smart for that. americans know that our economy has taken a knows dive on the economic program of the bush administration which john mccain now says he supports. he originally opposed it and said it was giving money the richest in our country and not helping working families. he now supports that same policy. he flip-flopped on that. the american people know that's not the case. that's why they are supporting barack obama. that's why states are moving towards his column. that's why he's significantly ahead in this election because americans know that the economic program supported by barack obama will help them and they know that the economic program that george bush has forced upon them which john mccain now supports will not. >> looks stunning, the republican party normally holds an advantage when it comes to taxes. according to our poll, barack obama has a 14-point lead on the issue of taxes. why do you think that john mccain hasn't been able to seal the deal on that? >> because john mccain's policies don't seal the deal. he's proposed a policy which will give the wealthiest of america additional tax cuts and wealthiest corporations in america additional tax cuts but will give very, very little to anybody that is a working american. and barack obama's tax plan will give tax cuts to people making less than $250,000. indeed, americans know that they are going to get a better break from barack obama and that's why they are rejecting john mccain's program and rhetoric. >> we did hear from barack obama today. he spoke on ""the early show"" about leaving the campaign trail to visit his ailing grand mother. i want to play that for you and our listeners. >> my grandmother is the last one left. she has been the rock of the family, the foundation of the family. >> you said in the past you regretted your own mother's illness and her death came so quickly, you didn't have time to get back to see her. >> the diagnosis was such where we thought we had a little more time than we did and i want to make sure that i don't make the same mistake twice. >> interesting that senator obama said i think most people will understand if you are not caring for your family, you will probably not the kind of person who will be caring for other people. i don't think anybody would begrudge a or question barack obama going home to be with his grandmom who is ill. you are you concerned 12 days left in the presidential election, it could hurt? >> you know, i think barack obama has it exactly right. i think every american can emma thiz with that. sometimes in our lives we thought something was more important opinion being with our family, particular time of crisis and possible death. barack obama is doing exactly the right thing. the american public knows that he's doing the right thing. they know that those are the kinds of values they want to see in the white house, priorities ring correct. so no, i don't think -- not only do i not think it has an adverse effect but the right thing to do whether it has a political or positive or negative effect, the right thing to do and frankly, i think the american public will agree with his decision. >> congressman hoyer, thank you so much for joining us. >> thank you very much. appreciate it. >>> and we have 12 days to go and obama held a rally in indiana this morning. now on his way to hawaii to be with his grandmom and come to obama opened up a double-digit lead over john mccain and that's in national polls. also we have new state by state members to break it down. we have john harris, editor-in-chief. thank you so much for joining us. >> yes, thanks. ...