2.4%, less than half and that half than what we had in the fourth quarter of last year. so any time of economic growth or any type of economic recovery that has taken place has really slowed down. another key fact, your viewers want to think about, too, gdp growth needs to grow between 2.35% to 3% pr year. you are looking at 2.4% and we know the second revision is going to be lower than that. when you look at all the numbers out there, there is nothing that substantiating any bull recovery. we re going back on critical condition list right now. nobody wants to have 9.35% unemployment rate but folks are having a hard time. a lot of people lost their jobs, people that are struggling to hold on their jobs are taking a substantial pay cut. people are nervous and afraid, 71,000 jobs added that is something. let s talk about this special
support of the congress to, i guess, stop what appears to be a freefall? the problem they are facing is not the economy is coming back, it s coming back at a snail s pace. robert gibbs said, look we re doing a lot of things right but it s hard to mess with 9.35% unemployment. they are trying to turn the bright spots, manufacturing is up. we saw the president make the round at the auto plants because that is one of the handfuls of bright spots they can focus on. in terms of what they can do to really accelerate this job growth, i think there is no single answer. i think the president would ideally like to see more stimulus spending and congress is coming back to pass more aid to the states but there is no appetite for that in washington. with elections around the corner everybody is worried about looking spending too much.
i don t think its stretch that the white house is being somewhat honest. i think there are two truths, she probably was exhausted. she does have a son starting high school. i don t know if you are hearing this but she may be taking another job as president of the federal reserve bank of san francisco? i ve heard that that as well. that wouldn t surprise me in the least. she is qualified for a position like that especially where she has been. i think the question i would ask myself does she want to go from so much work with the federal budget and federal budget deficits to the economy of the state of california. it s trading one head ache for a worst headache. let s take about stimulus projections, white house said without the package that the unemployment rate would rise to 9%. here we are at 9.35%. what can the president and the administration do with full