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Why Higher For Longer Is Totally Unsustainable

Why Higher For Longer Is Totally Unsustainable
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Detailed text transcripts for TV channel - MSNBC - 20100324:22:58:00

we were able to drill down with this economic policy institute data and find from california to maine just how many jobs were lost and by industry as well. and i think the challenge for washington is going to be jobs are the number-one issue. voters are angry. china s clearly eating our lunch. i think they re going to expect answers. so far all they ve seen is more outsourcing to china. hardest hit areas as far as districts are concerned. there s eight in california, four in north carolina, three in texas, two in massachusetts and one each in georgia, oregon and alabama. losing more than 8,600 jobs. now, is this just by chance that these parts of the country are getting hit so hard? or is it just industry targeted? there s a common thread. it is the industry that s competing with china and, frankly, they re competing unfairly because of a currency advantage china has and other

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