Debating The Economy

Wednesday, September 7, 2011 - 9:00am

At Tonights Republican Debate all eyes will be on the frontrunner Perry and closest competitor, Romney.

At tonight's debate in California, all eyes will be on Texas Governor Rick Perry - just back from touring wildfire damage, hoping to defend his frontrunner status.

"Rick Perry right now is really riding that Tea Party tiger and that's why he had such a big lead," says NBC News Deputy Political Director Mark Murray.

Polls show Tea Partiers back Perry 48% to 15% over Former Governor Mitt Romney. Romney (R-MA), announced his economic plan Tuesday, "President Obama's strategy is a payphone strategy and we're in a smartphone world," claims Romney.

Romney promises 11.5 million new jobs, in part by lowering corporate taxes by 10%. On CNBC’s The Kudlow Report, Romney again connected corporations and people, "When you tax corporations, either the employees are going to pay or the shareholders are going to pay, or the customers are going to pay. And so corporations are people."

Now Republicans wait to hear what President Obama will announce in his jobs plan tomorrow, "We've tried this President's approach, it's failed, it's time for something new," said Senate Minority Leader Mitch McConnell (R-KY).

Republican leaders sent the President a letter, asking for a meeting to preview his ideas. Not likely, the White House says, "I wasn't aware that when Republicans drew up HR one that they invited Democrats to write it with them," said White House Press Secretary Jay Carney.

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