'This Week' Transcript: Gov. Bobby Jindal and Gov. Martin O'Malley

So, look, we need to keep moving forward. And it would be great if the people of our country make a change, get rid of this do-nothing Congress, and put in some people that will work to create jobs, as the president has urged.

MORAN: So, Governor Jindal, what about that point, this is forward motion, it is job creation, and more, overall, than the Bush administration created?

JINDAL: Well, Terry, let's actually look at the facts for the whole four years now, three-and-a-half years where President Obama has been president, we've lost nearly half a million jobs since this president was elected.

O'MALLEY: Not true.

JINDAL: You look at his numbers, you look at -- at family income, median family income has now decreased now under this president over $4,000, median family worth, two-decade low. By any measure, his policies have been a failure.

The president himself said at the beginning of his term, he said give us three years. If we can't turn this around, this will be a one-term proposition. President Clinton went to Ohio two years ago, 2010, said give us two years. If we can't turn this around, throw us out of office.

Let's -- look, the president himself, his administration himself said this word that words matter. Let's take them at their word. Their policies aren't working. Albert Einstein said it best. Insanity is doing the same thing over and over and expecting different results.

He passed an $800 billion stimulus package, promised that unemployment would be below 8 percent. It's been above 8 percent for 41 straight months. If we were where they told us we would be -- they told us we'd be at 5.6 percent unemployment under his stimulus -- you would have 8 million more Americans working today than is actually the case.

Look, kids come out of college, half of them are going to be underemployed, unemployed, 23 million underemployed, unemployed Americans. However you measure this, this economy is not growing. This president's policies simply aren't working.

MORAN: It's tough. And, Governor O'Malley, one of the tough things for the president, as Governor Jindal points out, is that he made promises, so he's had to come before the American people and explain what went wrong. Republicans are having a field day with this. Here's Karl Rove's group, Crossroads GPS, an ad that they have put together with some of those statements. Take a look.

(BEGIN VIDEO CLIP)

(UNKNOWN): America's jobless rate is still too high. Barack Obama's got lots of excuses for the bad economy.

OBAMA: Headwinds coming from Europe. We've had a string of bad luck. An earthquake in Japan, an Arab spring. An ATM, you don't go to a bank teller. Some things that we could not control. You go to the airport, and you're using a kiosk. We've been a little bit lazy, I think, over the last couple of decades.

(END VIDEO CLIP)

MORAN: You know, Governor O'Malley, obviously, that's political ad, but doesn't Barack Obama own this economy?

O'MALLEY: Well, I think what he owns is the leadership of our country forward. What he owns is the responsibility to do everything in his power to dig us out of the hole that we found ourselves in.

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