government intervention that the big three well, the two big automakers are now actually turning a profit. i don t think government intervention ever really helps the economy. in the long run. as far as the jobs go, more people are looking for a job now so that kp-pes the increase in the jobs unemployment house, housing, we re clearly not doing enough to boost the economy, to get americans back to work, a third of the unemployed have been out of a job for well over a year. andrea is right, we need to cut spending, we need to reduce regulation that the administration says that it wants to reduce regulation, it s identified regulations it wants to reduce, the problem s. they re turning them out faster than they are cutting them. that s the problem. alisyn: china, what would you like to hear from the president? first of all anyone criticizing the president should look at the job growth chart from the past few years, compared to the years prior when he was not president, you ll see d
decisions by corporate employees, yes or no? of course they should. under all those years in bush you had this antilabor pro-business sentiment. you got nothing for the working man, stagnated wages. what s wrong with trying something different? letting the unions have a bit of say, tinkering with the terms before the jobs go, not to another state. they re going to india and china. keep them in the u.s. let the unions have a role. stuart: it is interesting, though, that the government can stop a company from moving union jobs to a right to work state, but they can t stop them moving from india to china. that s interesting. bill, what do you say? i m going to come up with the radical idea that we wanten is right about quentin is right about something and they shouldn t have the right to say they shouldn t have the right to hire scabs. no. i think that when gm is organized, that union should control gm from top to bottom. however, there is one thing that quentin won t like. this o
and they re going to go ahead and attribute most off these jo losses to those temporary census jobs that went away. the unemployment rate is also expected to tick up to 9.6%. and this is how far we are in the hole as far as jobs go, tony. over time, the economy has to create 125,000 to 150,000 jobs a month, just to keep the unemployment rate where it is. so we really have got a long ways to go, tony. but the good news number at this hour, alison, what s the number again? we re up 254 points. the nasdaq up almost 3%, and can that s really big for the nasdaq today. let s enjoy that for a minute. can we? all right, alison, see you next hour. you got it. making the transition from military to civilian life. veterans have unique challenges. reentering the private work force. a job fair is trying to help in the next hour of cnn newsroom. plus, san francisco wants to help public school kids get to college, and they have a pretty unique approach. get them while they re in
say no crowd in washington. they were saying, oh, standings by the auto industry would guarantee failure. one of them called it the worst investment you could possibly make. they said we should just walk away and let those jobs go. i wish they were standing here today. i don t think they would be willing to look you in the eye and say that you were a bad investment. they don t like admitting when i do the right thing. but they might have had to admit it. and i want all of you to know i will bet on the american worker any day of the week. not the greatest rate of return for government money per job. that s money the government has invested in these companies. it s not a one to one.
the auto industry would guarantee failure. they said we should just walk away and let those jobs go. i wish they were standing here today. reporter: now here s the bad news for the president. 9.5%, the unemployment rate stuck up in the nines, may go higher. why? because that positive growth that the president is touting in the gross domestic product, not enough to generate jobs, certainly not before the november electrics. that is the context through which everything has to be seen from now until then. yeah. true it s the right direction, just not fast enough. reporter: not enough. thanks, mike. firefighters in california have slowed a wildfire that has blacked more than 13,000 acres and had its sights on the town of palmdale. 1700 firefighters constructed containment lines around 20% of that fire. as aircraft dropped water and fire retardant throughout the day yesterday. officials expect another dry day today and winds gusting to 50 miles an hour and that blaze has destroyed