something has to replace demand to put people back to work. because businesses aren't going to do that. and what's happening is consumers lost trillions of dollars in if home values and retirement savings. they're starting to save, they're starting to rebuild their accounts. and we've got 30 million people in need of full-time work in this economy. we need government to act. jenna: peter, i think i heard you laughing about the government's need to step in. why are you laughing? >> well, look, the country is many a lot of trouble, but it's because we continue to follow the misguided advice of the 300 economists who drafted that letter. let's just call them keynesians because keynesians are to economics what witch doctors are to medicine. you know, we need more production in the economy. we need productive jobs. we don't need more government jobs. private sector jobs make us richer. we have to save more, we borrowed too much. americans are doing the right thing by replenishing their savings, the government is plunging us deeper into debt.