Paul Begala actually said...

This is the problem, is that the Commerce Department, Obama's, President Obama's own Commerce Department says that in the last quarter, austerity measures by state, local and federal governments, spending cuts by government, reduced the GDP by 1.2 percent.

Context

Begala highlights the negative impact of austerity measures on the economy according to the Commerce Department.

07/31/2011

https://transcripts.cnn.com...

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