which was a problem in the bush administration and has gotten worse with clinton and the 8000 regional banks have toxic assets on their banks so small businesses, suppliers to people like ford and general motors can't get the credit they need to expand. in fact the big guys are loaning them money because the new york banks won't. so it's a trade decifit and the banks. but the president has to back off all this government regulation. i was at the national association of manufacturers yesterday, and i've never heard such screamings, they certainly didn't complain about clinton the way they complained about this guy. it's not just health care and financial regulations, the regulators in washington are on steroids, they're into everybody's factory, everybody's workplace, to a level they've gotten american business terrified and the only instinct they have is to move to china. jenna: quick thoughts from all of you on this, peter, start off with you, where are we in this recovery, really? >> actually, i think this recovery is petering out. not to make a pun, but the face of private jobs -- pace of private jobs creation is slowing down, net out the census figures, we only