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Detailed text transcripts for TV channel - MSNBC - 20101214:20:08:00

than that. 2.6 is nothing. 2 pbt 6 in the recovery stage. as they said earlier, if you look at the last six or seven recessions, we usually grow in the recovery stage at 4% to 5%. i would not consider that a good number. it s a perennial at this moment, but has the economy restructured. i didn t want to say that. but you said it. it s going to take a long time to get the unemployment down to below 8%. if we have that 250,000 job mark i was talking about, it still takes three years to get the unemployment rate down to below it s hard to believe five years ago we had 4.7% unemployment. now we re twice that high.

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