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Economy Adapting to Higher Unemployment?

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    Former Best Buy CEO Brad Anderson on February’s jobs report

  • Duration 3:43
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-- in the meantime my next guest says last month's job gains are nice.

But they don't really make a dead a job losses we've seen over the last few years.

What I think against former Best Buy CEO Brad Anderson joining -- right now.

Fred good to see you thanks armed.

You -- there and we're improving steady as she goes this is a pick up in activity.

You're not.

Overwhelmed.

And I'm not overwhelm and I'm optimistic.

I mean on it's it's.

Word is I think steadily people are gaining optimism.

-- we came out of this -- come companies and very strong financial position.

And I think the other things been going on what -- you know he's visited less -- and it -- got and in that strong position as they were.

Really -- their balance sheet apart they were cutting.

Everything now -- as clean lean and mean as they cut.

What it's like of you know the president suggesting we need to have incentives to make use you manufacture more efficient.

I mean part I did that there's a ton of innovation going on in the society that drove a tremendous productivity.

Think -- companies did the opposite of what the part of president recommended they figured out how to get very efficient and survive in a very structural.

Government might have attempted -- that would have been -- -- that's the -- caught on the horizon but without that cloud on the horizon our companies are stronger than they've ever been.

They got lots of cash there's been a ton of innovation on business to business that they haven't invested in yet because they were being too cautious in -- confident that the market is gonna -- Then I think we're talking about a lot of need to be spending and things -- could actually drive the economy but the cloud is is what we've got in terms of -- kind of they're responsible -- government -- aren't.

But but we have that the pick up and activity has eluded to a do you think it continues I mean because you could argue that they've -- did you know are brought themselves to the point now.

Weird that they are that the so lean so mean so ready and poised to go there were edited.

I think they are.

I think -- and I think it's likely to continue.

As long as -- -- on -- -- Yet because psychology.

It as long as everytime you get a good report -- -- something backwards and to have a good report people get more confident.

And they get more comfortable and as that happens and end and what wasn't true it hasn't always been true is if you got more company had a rational thing to do with that confidence.

Because we've been pessimistic for salon they're actually is pretty good pretty good rational options that you know I'm not premises that I that.

I didn't -- before yeah I don't like it went before I've been uplifted and getting cocky before.

Some and I got to relive that script I don't think so.

So positive that's all good news I think so I mean I think as data you reelect.

-- -- I would say that.

An and I I think he has these things to do the antithesis of what would help them.

But he's also great politician and if he couldn't have a better set up.

Actually that's that's.

Falls -- -- -- -- and that could be the one cloud is the one he actually controls.

Which is you've got to level of the deficit and and financial instability underpinning this economy.

That you know we -- private citizens we've gotten most of our houses in order.

Business -- got its house in nor the one place that's not in order is our government will wouldn't let me kick and I -- If the -- up from guys like you and -- past present future CEOs.

Help the economy grow -- generate revenue helped get.

Some of the problems of the government's back.

And all those guys are washing mumbling geniuses get if you wanted me to bet on her right now that's what I that will -- really yeah that's fast and it.

All right well -- thank you very much could see you again to see -- Brad Anderson one of the sharpest corporate minds right now and I don't.

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