and stay there every month, then this is going to start to look like the clinton economy. the wage gains will be broad based, employers will have to pay more and they ll be able to pay more. that s take good thing. i don t think that s probably a very realistic aspiration. i m afraid the fed would probably tap the brakes if we started doing that. i do think the current clip will get us there. it s just going to get us there more slowly than i d like. by the way, if we re going to get to that kind of a full employment job market, it means that both the federal reserve and particularly the congress have to not screw it up. so, there s that as well. look, on the oil point, i would say it s even a three-edged sword, if you can have a three-edged sword because one of the things that happens when oil gets cheap, a lot of people are kind of they have kind of short horizons about this sort of thing and they start buying big, fat gas-guzzling cars again. we re actually seeing a little bit o
an impact as the president might like because in order to make everybody happy, che didn t, but to try, he put a pretty onerous conditions on qualifying. i don t know how many of these folks will step up to the line and try to qualify for a work permit. they don t face the likelihood of being deported anyway. if they were to step up to the line and a lot of people became regularized and legal, then i think they would move up into better paying jobs and it would put pressure on those jobs to pay between $20 to $30, in the middle of the price range. a lot of the more skilled jobs. a lot of immigrants do have significant skills but they re standing in the background because of the circumstances they re in. so, i think it would create a lot of competition for native born americans. that s a real issue. hopefully we ll have a growing economy. don t like the fact he did this, the way de it, but morally i think we have an obligation to let these people in. well, they re already here. it s n
the news cycle, rolling stone magazine issued a retraction of one of the biggest stories of the year, accusations of rape at a university of virginia frat house. the magazine now says there are discrepancies in the user s account. the washington post reported a story shortly after the retraction, also casting doubt on that initial report. the orion rocket is back on earth after blasting off from cape canaveral this morning. it was a test launch. mission control called it america s new spacecraft. in the weekend storm cycle, more rain out west and along the eastern seaboard, especially tomorrow. if that s not enough, the makings of a nor easter appear to be setting up for early next week. and a market alert now. wall street off to the races after the november jobs report helped make 2014 the strongest year for job growth since 1999, krystal. so, yes, we have those jobs numbers. and they are good. in november the u.s. economy
the thing about the 1990s actually assailant and an important difference between then and now. in the 1990s we got to full employment and we stayed at full employment. in order for the gains from gdp growth to be much more broadly shared than then, that has to be the goal. the economy is definitely improving. i m very impressed at the clip of which we re getting better. we re definitely not at a point where a really tight job market is broadly distributing the prosperity the economy s generating. and we were in the latter 90s. there s been a lot of talk in recent weeks. i want to ask you both this, about the drop in oil prices. it s now down below $70 a barrel. there s a gas station in oklahoma, for example, that was trying to be competitive. they were pricing their gas at $1.99. peter, i ll start with you $1.99. you can see it right there. i wanted tell us if this
the other has to be, what are we doing right now? talking about something in obamacare that doesn t work for millions of people. they ve got to change the topic. that s right. and the senate minority leader, mitch mcconnell, used this ruling to call obamacare the single worse piece of legislation to pass in the past 50 years. it seems that both sides are really going to use this heading into the midterms. whose strategy is going to win? i think it depends on how republicans handle the war on women act. we saw in 2012 that republicans did not handle that well. they ran for it instead of addressing it head on. they ll have to address it just like harley is trying to do and they ll say exactly the things that i lined up. this is not about a war on women. a lot of women support the hobby lobby case. you have to debunk that narrative right away and move on to other issues like the economy and how obamacare has increased the premiums of young women by 100% even though it was supposed to