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But now let's get the Romney campaign's reaction -- economic advisor Glenn Hubbard joins us now.
Solely on the program I suggested that you could be the Treasury Secretary in a Romney administration my way out of balance.
I think what's important is that that we -- Romney administration today's jobs report is a reminder of what it's like to have an economy stuck in a low gear and we can change that OK -- you can changes.
Can you offer me fall 5% growth next -- If governor Romney becomes the president of books in place tax reform can you tell me we're gonna get back kind of growth because that's the kind of growth we used to in America.
That's what we want coming -- a recession.
I think it is possible in a recovery to have 4% growth but it would require very different policies we got to stop the policy uncertainty.
We get -- have real tax reform we got to get our budget house in order and we have to focus more energy and regulation.
Governor Romney will do those things -- a real recovery.
Is job creation of 250 to 300000 jobs a month.
Not stuck in first -- Austan Goolsbee just a few moments ago said that the four years of the Obama administration had created more new jobs net new jobs -- the first full year is the assessment is that the book -- the Bush's first first.
Is -- right.
I honestly would have to go back and look at the numbers neither recovery was as vigorous as one might want.
But the right benchmark it strikes me and it was in your conversation with -- really is the Reagan 8182.
That two was from a very deep recession.
That recession also had a sharp financial element to it.
And the recovery was vigorous we -- have a V shape recovery there is nothing about a financial crisis that makes that not so it did the key to this I take it is tax reform -- by tax reform I mean lower rates on individuals and corporations.
Get rid of some deductions and -- -- that's the key to it.
I think it's an important element in eight key what's first -- Is to remind the American people as you were saying Stuart weekend -- sweeping grow more rapidly.
It requires a different policy mix -- yes tax reform is a big part of it both on the corporate side and the individual side.
-- -- but a pleasure thanks so much for joining us and please don't be a stranger come on back up again thank you so.
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