if it is all done together, will make a major dent in the jobs picture, a big problem for the president. bill: a ways to go, ed henry, thank you, on the north lawn, perspective, size and scope of the crisis. unemployment has been at 9% or higher for 24 of the last 26 months. nearly a third of those people collecting jobless benefits have been out of work more than a year. so far, the economy has lost a total of 2.5 million jobs. since president obama took office, i 2009, at the moment, more than 7.5 million americans are receiving some form of government jobless benefits. that is remarkable. alisyn: and there s an ugly number out on consumer coughens confidence to share with you, it measures the daily sentiments of american shoppers and has fallen four points to the lowest level since march 09 and is down 3 points from last week and 8 points from last month and 18 points from three months ago. at the same time, this investor
well, you know what, ali, we talked with one analyst who wrote the stock trader s almanac, he says this bull run is obviously two years in the making. actually longer than that. he sees that the bulls still have room to run, but it is setting up for a correction down the road. but we will wind up going sort of back to sort of a middle line and keep moving higher. you know, we talk about the s&p 500 a lot because our 401(k)s really mirror the s&p 500. if you see where the s&p 500 was two years ago it hit rock bottom in 2009. up 95% since then. this guy i was talking to tracks the stock market jeff hirsch, he says that the anniversary really reminds us how far we ve come in two years. we were really down and almost down for the count back in march 09, then 08. the country was on the brink of something much more sinister
recall, its second in a week. it also agreed to pay the largest fine ever for a car company for fail to tell regulators about problems with sticking gas pedals. that s, of course, on top of the 8 million vehicles toyota has already recalled. it may look like a public relations disaster. but, as it turns out, sales are up. drivers are still buying to its. phil keating is live in our florida newsroom tonight. what s the deal here? well, shep, one big reason that toyota s u.s. sales in march jumped 41% over march 09 was historic buyer incentives worth about $2,300 per vehicle. yet, every toyota customer we spoke with, one after another, said good toyota news or bad toyota news it just doesn t matter. they just love the brand. jeff, call on 700. you could call leann mcgrapth toyota s quintessential customer. it s nice. she says she has owned six or seven to its so far. her two sons own to its. and now she is shopping for another one. i just feel they are safe.
lehman-style you ll restructure citi, show how it can be done surgically? exactly. i want a plan for this and i want it now so i can see how it looks. that s middle of march. that s where the meeting ends. so what happens? geithner likes the stress test, that s just a preferred thing. stress test is just an accounting fraud. and that s clear to summers and romer? or anyone else on wall street watching it. they re delighted. a month later in the oval office, they re all there, except geithner. the president says, a huge month april 09. i left cnbc march 09 coming out of this whole thing fast money, expecting him everybody did. what about that citibank resolution plan? we re going to deal with it head on. christine romer looks at larry summers, oh, goodness, what should we say? said, mr. president, excuse me, there is no citibank resolution plan. geithner s not at the meeting. no. the president says, there better be. right there, outraged.