deserved. in fact, when we launched this plan back in 2007, a number of us at the white house spoke to people on both sides of the aisle. there were prominent democrats who supported the idea. it is an efficient plan and works in the right direction. the problem with obamacare, it works in the wrong direction by encouraging too much third party coverage and favoring the kind of plans that cover low cost predictable events. the reason you want insurance, you want to worry about those things unanticipated and can break the bank. that s what it would encourage. so much talk about obamacare. who would have known there was a plan called bush care. great to speak with you today edward lazear, have a great day. a deadly confrontation on a nevada highway. why don t they just cuff him and be done wit.
edward lazear who s a conservative economist came out with a paper at the jackson hole conference last week. he pointed out the simple fact, the industry that lost hardest during the down turn have gained jobs the fastest back during the upturn. there s other research that shows in the counties where there s the most household debt going into the crisis, they ve had the worst economic come backs. lack of demand, over indenlded, household sector. not some idea how we need to completely retool it. jared, you re on the inside. does the strugtsdial theory have purchase or do people inside that white house see it as a demand problem, as a cyclical problem? demand, cyclical, including president. in a 50-minute speech that s the one thing the former president got wrong.