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Detailed text transcripts for TV channel - MSNBC - 20110731:17:49:00

number in general. with summer hire. all sorts of factors that should make it a fairly decent number. ie, over 100,000. you had some disruptions that we won t argue are artificial. the earthquake, tsunami and crisis in japan disrupted what they call the supply chain ap l april, may and june. auto production rebounds, workers who were furloughed come back to work so maybe there s some hope there the numbers will be better. let me just correct one point that i think republicans have been making throughout this entire debate that somehow in the near term these deficits and the debt itself is a restraint on economic growth. that s only true under very rare circumstances and when something occurs that s known as crowding out. when the government gets so large that capital becomes unavailable to the private sector, that s when deficits really slow the ceconomy. right now they re quite

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