learn about plinko i ll talk to bob barker. if i want to learn about conservation i m going to defer to the experts at the iucn and cides. all the hate talking about, the one thing i will say to bob barker is, the price was wrong. the contribution would have been much higher and everybody would have been much better for it, even up to $1 million, they scared these people away because they didn t want to go through what i m going through now. these are big they re wealthy people. they have employees. they have to care about them. and they want to be a part of it. and so they ve actually made the price and the whole thing point of this go lower. if i had more money at the time i d have given them. listen, corey, i appreciate you coming on the show tonight to give your side of it. it is a debate that is raging. i urge people to study the debate in detail as i did today. because there are arguments on both sides. and you have people on your side, i know. i ve read that argument, too.
we are not seeing the labor recovery any time soon, but it does not mean that we are headed for a double-dip recession either. and i have been talking to a well respected economyist, and he says we are in a long economic contraction and not out of it for some time and currently congress is doing nothing to get us out of it quicker. so we are in bad shape, but we are not seeing the gdp go lower which is the technical definition of a recession. i was about to ask you, technically speaking, the united states is not in, and we pulled out of the recession of 2008, and am i remembering that correctly? yeah, pulled out in the summer of 2009, but the fact we technical technically pulled out of it, and the state of the economy shows you how divorced the language is with the reality. i will be handing the reins over to ezra next week.
that, and all of a sudden people are panicking, calling brokers saying, what s going on here. the world is not about to go off a cliff. having said that, we have gone through a period where the market has gone up tremendously. we ve had, you know, very good corporate earnings, somewhat surprisingly. yet obviously we ve had anemic growth on the employment picture. and what people are saying is, you know, this employment number is probably not going to be good. and, therefore, the rest of the year, given how actually good corporate profits have been by default on a relative basis, they won t be as good. therefore, maybe the market is oversold. so this is being called now officially a correction. but i think that s that s all it is. that s not to suggest it won t go lower. it may. but i do think that the worst thing that happened during these kind of situations is people really do begin to panic. i m not sure right now they should. yeah. and to that point exactly, there s been so much
security, medicare spending, all of these programs wchl don t have to slash the budget in the next two years. what kind of signal does that send? what does that mean for the u.s. dollar, for interest rates, for our borrowing in the future? what does that mean? the benefits could be myriad. the stock market could go up. interest rates could stay low or go lower. the dollar could strengthen. it s a sign to the world they with are finally going to take on these problems and south them. these generational problems. right. we re not talking slashing and burning. the more serious that we are about facing them and the bigger the solutions the bigger the benefits will be and so we need to do something. we need to do something now. it would not behoove congress to way. think geithner and the president have it right, urging coronation republicans to come together. i think that s going to take that kind of leadership if he lays out much like he did after november on the tax cut deal.
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