Struggles of the U.S. economy come under the spotlight on the third night of the Republican convention. A panel of analysts examines GOP proposals to aid the nation's economic downturn.
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And to look at how Republicans plan to appeal to voters' pocketbooks, we turn now to Senator Chuck Grassley of Iowa. He serves as ranking member on the Finance Committee.
And Congressman Adam Putnam of Florida, he's the chair of the House Republican Conference.
Good to see both of you.
Senator Grassley, to you first. The economy was hardly mentioned on the floor of the convention last night. Tonight, one of the themes is prosperity. Is that an accurate description of the state of the American economy right now?
SEN. CHARLES GRASSLEY (R), Iowa: Well, first of all, I think Republicans, like everybody, has to be sensitive to people that are on the edge of losing a job and show sensitivity towards that.
We also — a lot of people that may be — that might not be hurting, but there's a lot of anxiety about the Congress — I mean, about the economy. So you have to be — show sensitivity to that.
On the other hand, there are a lot of things by which you historically measure the economies that are very good measures of the economy right now. And I think one of the things that we have to make clear between now and November is the tax increase that the Democrats are going to put on the people in 2009 and beyond is going to be very, very detrimental to the economy and really hurt the economy.
And you can't increase taxes at a time when the economy is level.