Education, Community College he has identified the issue of incomes americans being tied to an economic space where we want to get growth. And just marking on anyone policy saying, no, no, lets not do this one and lets not do that one, the overall issue is the fundamental issue. People dont get rich if they dont have customers. And if customers dont have income, they cant spend. And if we dont invest in the skill base of our workforce, we will fall behind as a country. Together kind of address those issues because theres nothing more important than that. Thene of the headlines from Associated Press is moaning said House Democrats trying to force wage and immigration. According to the associated in order to put a spotlight on the republican spin since democrats are in the minority, they would have to use get aharge position to vote. They would bypass the speaker. They still need half the members in the house, 217, to vote for the position, for the petition, including 17 republicans. The
Guest ok guest is a climatologist. He is a climatologist. Ever attack the science. He always attacks the person. Its all right. Host what makes somebody a climate scientist skeptic . Guest that we are heading to catastrophe. I have heard these catastrophe stores all my life and i have an allergic reaction to them. We were supposed to the president s science advisor predicted mass starvation by the end of the last century and is now predicting by the end of the century. We were not going to be able to feed people. We were not going to resources and run out of oil by 1985 and it looks like we are producing more oil than we have ever produced in the world. Guest we are producing more than i have in the last 25 years. Guest no, the world is producing more oil than it has ever produced. We have a line for coastal residents. Caller good morning, i am 68 years old. Im down here on the edge of the water in florida. I have seen the difference in the last 15 years. The weather is changing. The p
The job creations . Chair, yellen, i dont think your microphone is on. Can you see if its on, and if it is, please pull it closer to you. I apologize. I think certainly regulation has an impact on the economy, on Economic Growth. And there are many economic studies that have tried to document what it is. I think in the case of the Affordable Care act, cbo has done important analysis and probably will continue to look at it, i think theyve recognized that the impact of the act is likely to be come flex. I think theyre still attempting to figure out what all of the different channels are by which it will affect the economy, and, you know, well look at that and try to look at their assessments Going Forward. You know, we had to pass it to find out what was in it. And so now thats all coming together. Has the fed done any estimates on how many jobs the implementation of the doddfrank and the effect of the obama administrations regulatory policies are expected to cause the economy, or is it
Participation is structural and not cyclical. Are moving tors older ages where there is a dramatic dropoff in labor force participation. An aging population. We should expect to see a decline in labor force participation. As you noted, that has been going on for some time. Thats no doubt in my mind in an portioned important portion is structural. I am may also be and inclined to believe there are cyclical factors at work. The decline has a structural component and also a cyclical component. Theres no surefire way to separate that declined into those two components. But we are seeing declining participation also amongst prime younger people. It seems to me based on the evidence i have seen that some portion of that reflects discouragement about job opportunities. But there is no Clear Scientific to say exactlynt what fraction of that is cyclical. The chair recognizes the lady from new york, for five minutes. I would like to begin by congratulating you, cherry ellen. Len. Hair yel in the
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