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edward lazear who s a conservative economist came out with a paper at the jackson hole conference last week. he pointed out the simple fact, the industry that lost hardest during the down turn have gained jobs the fastest back during the upturn. there s other research that shows in the counties where there s the most household debt going into the crisis, they ve had the worst economic come backs. lack of demand, over indenlded, household sector. not some idea how we need to completely retool it. jared, you re on the inside. does the strugtsdial theory have purchase or do people inside that white house see it as a demand problem, as a cyclical problem? demand, cyclical, including president. in a 50-minute speech that s the one thing the former president got wrong.
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[ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what s in your wallet? . good morning from new york. i m chris hayes. i m here with victoria defrancesco soto, jerrold nadler, nancy keenan, john mcwwhorter, stan greenberg and jared bernstein. many of these issues i had been accustomed to seeing particularly eight years ago when they were very prominent in