well, i don t think you can make it permanent, but alex, when this passed in 2008, the unemployment rate was actually a lot lower, about 5.6%. george bush was president. so now with the unemployment rate hovering around 7%, in our state it s a little higher than that, in the region i live in it s around 9%. so with still the drag or the adverse impact of the economy over the last couple years still being felt, this is still an emergency for these workers, for these families, and also if you wipe this out this week, you ve just destroyed by one estimate 200,000 jobs and by another estimate, as high as 300,000 jobs. yeah, those numbers coming from the cbo. i concur with those. sir, i m going to switch gears here. as my colleague john yang reported yesterday, a major part of president obama s upcoming state of the union address will be about economic fairness, particularly a minimum wage increase. where do you put the chances of that actually passing? well, i think the chances are
we are going to have a series of these cold fronts making their way through the next several weeks so a big change. today if you re on the carolinas look for a little bit of rain there. the tail end of the same system that went through in the northeast last night will bring showers in through texas and comes another system that by the northeast come about saturday and sunday give awe couple of sprinkles again and similar to what we saw yesterday. also keep in mind we are talking about a couple of flurries in colorado still right now talking about a little bit of snow out there. next week i m taking you ahead right now. a third system that is going to bring a lot of actual, you re not going to contest this, actual cold air coming in from canada and drop our the plaintiffs sunday or monday. one cold front and then the next. we will start to get highs in the 50s so get ready for it. really? now i need the ah! join the party. maybe lows. the lows will be a lot lower, right? focus.
for the president. any time he has to walk back a statement, and you see mitt romney seizing on it. it s good for the democrats it s june and not october where john mccain said the fundamentals are strong. the private sector is doing fine. so limited, he had to repeat it three times. maybe that s the message, like reagan did. if you repeat something over and over and over again, you make a point. i ve also got to say, i watched this unfold on twitter today, and i saw a lot of people i respect, a lot of journalists i respect say, oh, wow, i know what he meant, but, boy, he s going to pay for it. i don t know. he s only going to pay for it if we pretend to be stupid and don t understand the context and let mitt romney get away about with it. we know what he meant, and he s right. the economy, we d have a 7% unemployment rate, which is not good but it s a lot lower, if it weren t for the public sector layoffs, most of which in red states, governors like rick perry and scott walker.
i think it s good that it not octob october. it s so limited he had to repeat it three times. but maybe that s the message. if you repeat something over and over and over again, you make a point. i m also, and i saw a lot of people i respect, a lot of journals i respect saying, oh, i know what he meant. he s got to get it and we know what he meant and he s right. we would have a 7% unemployment rate, which is not good, but it s a lot lower, if it werpt f weren t for the public sector layoffs, most of which are in the same state. the people who talked to the press conference, they did him a disservice. they talked to him about being
gave me a passion for business and marketing. mike: jen, any advice you would give to nick? based on your experience. at the moment i know nick, you don t have a job, but the moment you re able to start making payments, i would say make payments, even before they re telling you, you have to to keep your interest rates low. and if you choose to possibly go back to school, definitely make sure you keep the amount of loans you ring go to take out a lot lower, you re 20 s so much more manageable than my 65. mike: nick and jen, thank you. my only advice is, whatever kind of job that comes your way, take it, any job is better than not having a job may not be the one you want and hope for, but start somewhere and i wish you both the very best at paying off. and jen, i m sorry, we re going to have to let you go. okay. mike: definitely not. unborn babies being aborted, why? because they are girls. i m not talking china, i m talking about right here in america. so are democrats in congre