QUOTE: "To answer someone else question, its actually leaking on the right hand side (not the side that looks rusty). I felt under the hose and the coolant leaking was on that side. "

If you think it's leaking from the water pump side of the hose the same advise applies. Loosen the clamp, resetting it in a slightly different position, to the right or left if possible (doesn't look like there's too much discretion there though) and retighten it. Maybe a good idea to replace the clamp. The aftermarket clamps are a little wider than the thin MB clamps which would give a little more bite which might help.

Something else to consider, the cover on top of the pump right next to that hose is the thermostat housing cover. They have a large o-ring for a gasket and are known to leak with age. It's possible that it could be the source of the leak, that is, it may be leaking at a point very close to the short hose and running down around the outlet by the lip of the hose, making it appear that the hose is the culprit. If further inspection reveals that that may be the source, the o-ring is very easy to replace.
Note though, that tightening down on the three bolts on that cover will NOT stop any leak there. Once the cover is clamped down on the o-ring, the cover and pump are now metal to metal and further tightening only risks stripping the threads, it can't squeeze the o-ring any more.