twice as much as to reach voters in 1980. one of the questions of the campaign has been are you better off now than four years ago? that answer varies from person to person of course but the numbers paint a clier picture of the situation for many of you. it s not good. chief national correspondent jim angle breaks it down. the growth of the fourth quarter is worse than it looks because the big chunk came from the government. in the third quarter a sharp boost in federal spending just before the election. it contributed to third of the number for sector. far more than the government ordinarily spends in one quarter on defense. with washington in a fiscal hole it cannot continue. we see more like a 1% number in the fourth quarter. that would not be enough to keep unemploit rate from rising.
james from reuters, if the same number of job existed when obama was inaugurated today as in 2008, the real unemploit rate would be 11%. it s a disaster. there is plenty of time to realize it doesn t work and change course. he hasn t done that. to me it s obvious he won t do it. what is happening he enjoys. greta: do you think he will get re-elected? well, a year away. anything can happen. if the election were today no. if the election today, he would lose in a landslide. i don t believe in the conventional wisdom that the republicans only have one person to beat him. i don t believe in the conventional wisdom his billion dollars can dwarf any campaign. that his association with the media disparage and criticize. american people are hurting. obama can t run his record. he cannot say that vote for me for four more years. all obama can do is run a
james from reuters, if the same number of job existed when obama was inaugurated today as in 2008, the real unemploit rate would be 11%. it s a disaster. there is plenty of time to realize it doesn t work and change course. he hasn t done that. to me it s obvious he won t do it. what is happening he enjoys. greta: do you think he will get re-elected? well, a year away. anything can happen. if the election were today no. if the election today, he would lose in a landslide. i don t believe in the conventional wisdom that the republicans only have one person to beat him. i don t believe in the conventional wisdom his billion dollars can dwarf any campaign. that his association with the media disparage and criticize. american people are hurting. obama can t run his record. he cannot say that vote for me for four more years. all obama can do is run a
berman, amy holmes and bob franken. we all love a good headline. we couldn t resist this. ari, when you take a look at what we re reading through this political article, does nancy pelosi need to make over, not in clothes but in terms of image, let s say. i think this story is much to do about nothing. it was a throw away line in the washington post but it s steven spielberg and all the media jumped on it. pelosi is in the media and it s funny, you know, democrats brand and message was fine in 2006 and 20 2008. they have an economic problem, not a branding problem meaning it is not easy to win elections and the unemploit rate at 9% or 10%. i don t think even steven spielberg can fix that problem for them right now unless they can get the unemployment rate down below 8%. what might be the rebranding strategy here?
you can see it in the president s face today and on the one hand you want to celebrate, but you have this caution inside you because of the long-term unemployment. how do you balance the joy with the reality? i think, i mean you captured it correctly, i wouldn t call it the long-term chronic unemployment, i think the fact that we still have an unemployment problem, you can t have an unemploit rate of 9.9% without it being a problem, but what you can be happy about is that you re adding 290,000 jobs that, sure feels like a much better trajectory than when you were losing 290,000 jobs. you have all those people who disappeared, millions of them who became discouraged, how hard is that to sort of sell to the