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The November election all comes down to the -- -- in my opinion.
To put it simply this is not a healthy recovery and you can't keep on blaming President Bush -- Fox News political analyst William is is BC and he will no doubt try to do that back on health -- you you cannot say.
That this is a healthy recovery you can't say that.
Nor can you say that the direction of the economy is solid because it's actually we think it's getting soft as we speak and you cannot blame President Bush but what's happening today.
Three years and a half years after last office you can't -- these things.
Can you -- Well I I don't I don't understand the question because the fact is we are experiencing a recovery by every definition of the word -- -- -- miserable around it's miserable it's it's nearly a week every time I read your point it's a weak recovery yes -- -- -- -- -- recovery it is better it is -- -- in this situation we were okay.
-- five trillion dollars has board Q.
And totally un controlled spending going forward all its Borchardt.
He's 2% growth right now and 8% unemployment and the direction is still soft and we -- I know the president and the party have to spin this but it's a real tough deal for you isn't.
Imagine what it's like for the Republicans who have to run away from what happened.
Back in 08 Stewart remember that was the moment when we thought the entire American economy the world economy was about the collapse president hello -- thank everybody want the distance themselves from those policies.
I mean it's unbelievable to me.
Even now -- that we have a week very fragile recovery.
We're able to withstand the kind of you know -- shot that comes from what happened with JPMorgan.
-- were still far withstanding all the uncertainty that surrounds -- after their elections last weekend and I think that's pretty good story given where we've been Stewart.
Hey -- it's Monica great to see a listen -- what we all know that this is not gonna be a referendum on Mitt Romney it's going to be a referendum on Barack Obama and his dismal economic record an even though.
Technically yes we are in a recovery such as it is.
What the American people think about when they go to the polls is not those those cold numbers that you see in a national scale but how they feel about their own personal financial situation.
And you look at these pols want even over the last week and the mood is darkening out there and that doesn't still.
That's true but again when you look at consumer spending actually consumer spending has been a bright spot the American economy is one of thing that's been keeping us afloat Monica.
Right now you.
Go and you look at various sectors.
You know used used -- that it's a lot of this is government hiring government especially state local has not been able to sustain itself in large part because guess what we haven't put more money into those sectors now from her.
Why we -- -- -- -- the wall one words long don't view that cannot indulge in another bailout of the State's well okay -- get that house when -- They most Stuart -- it you know doctor Siegel that that you we need to watch you honored as you're on a treadmill I guess the IPSec on -- -- not -- majority I should Democrat Miller you.
But you gotta stop back apparently can't back -- on a treadmill.
Yes -- that we've not spending the money you won the argument Stewart the American people been convinced no more stimulus spending then.
You have this kind of you know teachers firemen government workers fewer of them and -- -- look at the unemployment numbers well that's the sector that's hurting right now.
Well actually last month only 151000.
Government jobs will lost though are a great deal more private sector jobs which will -- just not enough to make a real data the word on private sector not anything yet but I don't the Specter that decline -- so little that's the problem want it so -- -- Yet what sort of legislation senate bill as the months I believe it was 1983.
Somewhere around 83 -- is that America back then.
When the labor force was much smaller.
And Ronald Reagan got a million new jobs in -- month -- very close to a million a million it one months and now with Conan get a successively got a 120000.
Kamal what do you think yeah.
Think that the depth of the recession back in the late seventies early ninety's -- who we just went through with the housing.
Actually I did this do it did yesterday below -- nobody -- -- was my are not -- our rate of -- -- China was money that is much smaller economy you know it body.
But the unemployment rate was higher up and the inflation rate was way -- up that manufacturing -- -- -- -- -- -- that's what and when you talk about that the the systemic essential that an economy when you talk about the Wall Street -- -- as it did when you talk about rate of foreclosures when you talk about major corporations.
In some cases major trading confirms disappearing.
You know that this was much more serious situations that beginning luckily I drums out here on -- yet I don't know if I -- estimate there -- you you've got a hold Obama President Obama accountable.
For the it is very hold -- accountable you can't ignore know that you wait a -- -- instant I hold him accountable for his policies and the fight yet those policies and so I -- -- want I'm sorry I mean I don't wait and guys thanks so much on alright.
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