control. joining us is jonathan hogue honeig, a regular on cashing in. hi, jonathan. good to see you. hey, happy easter. great to be with you. arthel: happy easter. the debt the banks are writing it off. the kids are getting out of clmg and they can t fine a job, per se. now if congress doesn t do something by july 1, it is my understanding that the new subsidized student loan rates will be double to 6.8%. indeed. you hit the nail on the head. the subsidized student loans. the game is rigged against students these days, especially because of all of that government intervention, the subsidized loans and the monopoly of education and education finances. two-thirds of students are graduating with $25,000 or $50,000 worth of debt.
those numbers would suggest and i think if we needed a sizable force to do something like that, i think we would go to a multinational force in the region to endorse that kind of security. absolutely. general, we thank you as always, a lot of questions there, and you cut right through all of the media reports about what s happening in syria and get down to the suggest glar jugular, what is being done so far. general jack keane, thank you. thank you, kelly. jamie: we thank you, as well. and the latest job numbers show up tick in unemployment in 44 states, that includes, interestingly, most of the key swing states and presidential election, that of posting the highest unemployment rate at 12% and rhode island and california trailing right behind. what does it mean for the economy overall. jonathan hoenig, capitalist pig hedge fund and a regular on cashing in. great to see you, jonathan. great to be with you. and it s capitalist pig.com. isn t it?
spending is flat and at .1%, so, what is the cause of the slide and how do we get people spending again? jonathan hoenig is a portfolio manager at capitalist pig hedge fund and a regular on cashing in. and joins us to say why everything seems to be flat lined. what s going on? . as you pointed out. it s hot outside across most of the country, not so hot on wall street and in the economy, which as you pointed out. judging by the data remains on shaky ground and consumer spending flat for the past reading and the job market is soft at 8.2%, and the jobless findings as you pointed out at a nearly high. most disconcerting to me is that the consumer confidence now at a six month low he, and now that s after gas price haves come down and of course after the trillions of dollars that the government pumped into the economy doesn t seem
consumer spending. and jonathan hoenig is a regular on cashing in. a property manager with capitalist pig. and thank you for joining us on this st. patrick s day. let s talk about gas prices. and happy st. patty s day. and i notice that you re wearing a green tie, i am, too, and dyed the river green in chicago. i wish it was gasoline, besides the safety hazard. no question, kelly the gas prices are having a hindering impact on the supposed recovery and the factors behind the gas prices and the top of the list is government and the regulation, the demagoguery of the industry is having the opposite effect and pushing prices up. not falling them down. kelly: if it continues, how will it hurt the overall job recovery or up swing, up tick