the third quarter was because businesses were restocking their inventory. an government spending increased about 9.5%. not sustainable indicators of economic growth in the long term. consumer spending makes up about 70% of economic growth. the fact we saw that come down in october and actually the fact in november the early numbers despite a robust holiday shopping weekend are still not looking so good is why we re seeing economists predict a weak fourth quarter economic number. and we re actually seeing numbers as low as 1% which would be really terrible. not so good there. what about the pending home sales now at the highest level since march of 07? contracts to buy existing homes surged over 5% last month. there seems to be momentum. you agree? i actually do agree. i think this is one more rosy report we ve seen in housing the last couple of months. housing s sort of been considered one of the bright spots of the economy recently. and pending home sales are up
foxnews.com actually looked at this data at companies that have 100, 99 actually or fewer employees, small businesses just to see how many jobs were lost and in what is called the great recession. so as you said, it was roughly, over 3 million jobs actually because you had 220,000 plus businesses which were lost. if you go back to march of 07, this was a study that looking at march 2008 to 2010, if you go back to march of 2007, it is actually far worse, 273,316 small businesses. part of the problem here that you add 5.1 million businesses small businesses in 2008. by 2010, the most recent year for which data exists you only had 4.9 million businesses. then there s the gallup poll which would coincide with this dramatic loss in jobs and businesses which among business owners only 35% approve the obama administration s handling of business issues. 59% disapprove.
the limited coverage. i interviewed reverend wright in mar in march of 07, didn t become an issue until 08. our country needs a leader. can you get our deficit under control? can you find a way to do health care? i think we are what kind of religion a person subscribes to. as mitt romney said i m running for commander in chief, not pastor in chief. i found something interesting with what whoopi said. that is, say what you mean. because somebody was criticizing obama, all of a sudden now they are racist. sean: let me dig a little deeper. could it be apologizing for america? could it be the so-called failure of his muslim outreach? we don t seem to be bearing fruit from the attempts of the president. he favre a speech in cairo, et cetera.
the limited coverage. i interviewed reverend wright in mar in march of 07, didn t become an issue until 08. our country needs a leader. can you get our deficit under control? can you find a way to do health care? i think we are what kind of religion a person subscribes to. as mitt romney said i m running for commander in chief, not pastor in chief. i found something interesting with what whoopi said. that is, say what you mean. because somebody was criticizing obama, all of a sudden now they are racist. sean: let me dig a little deeper. could it be apologizing for america? could it be the so-called failure of his muslim outreach? we don t seem to be bearing fruit from the attempts of the president. he favre a speech in cairo,
now he has written a new book called negro file negrophilia. last night i sat down with erik a columnist. do you you know with this book, you know? yeah, into the fire. sean: into the fire. why then would you write such a provocative,wa hard-hitting book knowing the result? what was the motivation? i think it is really more direct than provocative. but the motivation is many fold. one is i would like to get people to start exercising the freedom they have but are not exercising to speak honestly about race. sean: a lot of people give me credit for you broke the jeremiah wright story, you brought my attention. i interviewed new march of 07 the next night i interviewed reverend wright, the last interview he did as a result