6 million instead of 7 million initially projected. the white house is touting the cbo s finding the deficit will fall to $514 billion this year. reassuring news to economists. the president s top economist was asked if this projected reduction in the workforce is a net drag on the economy. he wouldn t commit to an answer. he and other white house officials are emphasizing what they feel are positives that the report doesn t include, there would be more productivity, more job mobility and they think more people will strike out on their own as entrepreneurs. let s bring in our senior white house correspondent jim acosta. to be clear the cbo did not say jobs would actually be lost it said workers can choose to work fewer hours to meet obamacare requirements for coverage. you know, i just think many people have already made up their mind about obamacare,
trenches. the problem is not that the economic data is so great, it s not. it s clearly not getting particularly worse, and there s a lot of evidence it s getting a little better in terms of jobs and income. that totally removes the steam from the argument of, you ve messed everything up. sure. in addition to the actual data, there s some polling that indicates that people at least feel like the economy is improving, and the right track/wrong track question. a lot of folks more than six months ago saying we think the country is moving in a good directions. how does that happen? if the numbers aren t dramatically different how can people feel like things are okay. you have two phenomenon that are better, house prices and stock market prices. stock market matters if you have a retirement account. a lot of americans don t, if you do it s done better. housing prices have a whole lattice of connection to job mobility and everything else. the final point about this and
for job mobility assuming it is higher. and hiring new homes being built. and there will be people able to occupy them and get the mortgages accordingly. i think all in all this becomes an incredibly difficult argument for the republican side at least in an itting to harp on the pure negative economic news as the sole hitch for the campaign. as this information and news gets better, makes it really difficult to make an argument that things are terrible. we see that even with the unemployment rate which got rick santorum in trouble as well. yes. thank you very much. we ll see you when you get back. thank you. we are following two major developing stories from the world of sports. zachary covered this. the jets confirmed within the last hour that tim tebow is headed to new york city. it comes one day after technically new jersey, isn t it peyton manning took his spot at the denver broncos and we learned the nfl suspended
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