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Leo Hindery, Intermedia Partners managing partner and former Obama advisor, on the “real” unemployment number, which he argues is nearly double th...
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For a book to read these swing state polls things are swinging the president's way more folks clearly believing more jobs for example are on the way.
About why did they're just getting jobs whether the unemployment rate we thought was already eyes actually a lot higher.
Don't believe me believe Democrat William -- a very.
Well connected and respected party.
Business -- Who says the real jobless rate is seventeen point 1% not eight point 1% believe you -- at least there.
It is coming.
Well we should all as a nation need to be concerned about real unemployment and the official unemployment numbers.
Can be misleading on the way up and they can be misleading on the way down and bottom line you're saying there's a double what we're told they -- it but we began to see this as early as 2006.
We we saw this trend under way long before the await election.
That women and men in real terms were suffering disproportionately to any of the prior nine recessions since the Second World War -- And I think that's what -- -- -- campaign was about was -- with that in fact a jobs jobs jobs campaign.
Yet when you don't think he -- attracted destructive instruct instructed -- it's.
Well I think this and -- hand that was dealt with had a lot of distractions in it that but we we have to be frank because -- there was criticism leveled.
All from 2006 forward as we watch this real unemployment number rise in the last few months.
We've actually -- 500000.
Jobs created in real terms twice more than twice the official numbers so we're still -- -- Formal millions of jobs have you -- we are we you -- we are in and it hard for president get reelected Lebanese polling well despite.
Well but if you if you look in Ohio in in in an earlier discussion -- with some your guests and then when you did the Fox News segment earlier today Neil.
Wisconsin Michigan Ohio.
As a consequence we know of the auto bailout have disproportionately.
Lower unemployment rates official and in real terms than than other states.
This is up this is not a hand them thank you -- -- -- This and I think mr.
brown water for the president no I'm not I did there were twelve swing states toss -- states when this campaign started about eighteen months ago they're now down that.
567.
And admit they will be decided in in in employment terms -- wouldn't -- -- at first.
If the president.
Whether he is to blame for this and -- -- you know because it's -- watch it isn't.
Gets reelected.
With that -- of net decline in jobs it will be if you only look in in pure historical terms but this is this this is in -- cyclical environment -- we're living in -- structural.
When when President Obama walked in real unemployment was 20%.
It's now 17%.
Is that an acceptable level for this country to survive -- it is absolute.
That's been there not much -- that the trend is our friend that that the numbers are improving they're not what we want to be but they're moving in the direction.
We'd like to them and and then is that enough to -- a reelection -- -- I think it is win win Paul Ryan sits out there is a fiscal conservative.
With specificity.
So.
That didn't -- the jargon of the day is everybody's now supposed to be a fiscal conservative but Paul Ryan as we know is very specific as to what that means and so.
You're talking about it throughout the nation's social security and Medicare you like him.
Well I think -- -- -- as an opponent for this administration absolutely I think we why haven't they used to Charlie gets Brennan's point.
More of him.
Well because he doesn't sell well after his after the -- In terms of -- that what you say about Medicare is saying about entitlements rubs people the wrong one.
They're rugged and very much the wrong way but -- them the -- wrong -- and pell grants and head starts not but he has silly.
I think -- -- it rubs the general voted the right -- that someone is saying.
Truthful -- I mean he's hardly -- -- as you know we have in.
-- system -- curbing the growth of entitlement well but if you coupled that with his innate -- inherent social conservatism.
Which is a big issue for.
The independent -- it's an extraordinarily big issue for women.
Across the board is doubt whether they come down -- one side or the other rent.
Paul Ryan which was chosen to to excite the Republican base.
Could -- -- I think you're starting -- minute -- -- -- one of the most respected business didn't -- you really are and I and I said that.
-- -- -- But -- a lot more business titans.
Who don't like the press.
Who don't -- the talent who don't seem to skills you don't see the economic record that he brags about did you did you just mentioned.
And they think the guys out so much.
But that that category -- can be characterized as the multinationals.
Who have been behind the shipping of jobs that they want to ignore a lot of them -- don't don't like that the fat -- thing that.
Rail against the rich thing that they've had a class -- -- and and and some of the we don't like the president -- authority to just shut up.
But if you and I go out to the S -- to the small and medium sized companies now if we motorists paying their first well if we go -- if we go to the local chambers of commerce as opposed to the US chamber of commerce.
-- there's a real cleaning underway what does that mean well I think I think we all.
All of issue and I have been friends and had these conversation -- a very long time and we always condemned to a conclusion.
That's the only thing that's good for this country is a vibrant middle class.
The multinational corporations.
Don't fully represented that.
Vibrant middle class when -- -- -- rap is that a -- -- -- -- -- I mean where have that where -- the job offshoring come from -- come from the multinationals.
Not come from the -- -- Where has reviewed this president what he's doing the right direction.
Oh I think it I think the alternative is to Boehner raised so to speak this economy which is what governor Romney would have us do which is what's -- -- -- well because you can't fix that real unemployment conundrum.
With and the government can.
It better be a partnership -- -- what we we reached a tipping point way back in 06 where the private sector alone.
No matter who's in charge was not going to be able to fix the structural break -- that is began to occur in this economy.
And end -- there is inappropriate partnership you and I may differ on it got its terms.
It specifics but nobody in with a thoughtful mind.
I think can say the private sector alone.
Is gonna lift this economy back where it belongs sit there -- there are certain government actions that need to be taken as a compliment.
To the capitalism which we all believe it -- now socialist.
Tac tac tac tac I'm not on the record until.
Picnic William hindered he really -- he cares about our country's clueless about that ultimate but he does it get.
