discouraged are not count fd you stop looking. so as economy improves as sit slowly, you get people return and look for jobs. and they get added on to the unemploy sod you get artificially higher number than you would, otherwise. it s for those reasons i think that they re very cautious in predictions about a recovery. what is your sense? they re right to be cautious. last thing you want to do is oversell an recovery when a lot of people are out of work. the problem is that they need the economy to be better by november and it s not going to be better. i think they ll be able to make the argument it s going in the right direction. gdp growth will be continue bug unemployment number, i think is going to be stubborn. republicans are going to say it s still high. too high. and the administration is going to say it s going flight direction and could be worse.
they re going to do. they re not going get much out of it. i don t think obama is going get much from them. not the sanction that s would have affect. one other thing about this recovery is that normally, a normal recovery, this is worse than a normal recovery, you get when you have a sharp drop as we did in our economy, afterwards you get a sharp rise. if you re dealing with the american economy appropriately. it s an organization that wants to grow. and this isn t rising sharply. i think there sefdz that have. we want to get another thing here. we re squeezing a lot n that is on friday president was doing a town hall meeting on health care z you had a supporter who knows, stood up and asked a rather pointed question. take a listen to this. the economy comes we have now, is it a wise decision to add more taxes to us with the health care because we re
was talking to dan on the weekend. they were burned as you indicated from predicks early on with stimulus. so wildly off in what was the imployed promise that this stimulus would keep frus reaching 8%. 8.8% that they have had trouble ever since. so that is not going happen again. they understand is that rumor indicated with growth of 3% the job recovery will be really slow. and i think one thing unstate sthad we have had a significant spike in oil prices up to $87. if you think about what happened in 07, 08 we went through astronomical oil prices with the banking crisis. and that really made it much worse so we re going to get a squeeze on the american economy as a result of our dependence on oil and rise in prices and there is a quirk in the way we do numbers is that
was talking to dan on the weekend. they were burned as you indicated from predicks early on with stimulus. so wildly off in what was the imployed promise that this stimulus would keep frus reaching 8%. 8.8% that they have had trouble ever since. so that is not going happen again. they understand is that rumor indicated with growth of 3% the job recovery will be really slow. and i think one thing unstate sthad we have had a significant spike in oil prices up to $87. if you think about what happened in 07, 08 we went through astronomical oil prices with the banking crisis. and that really made it much worse so we re going to get a squeeze on the american economy as a result of our dependence on oil and rise in prices and there is a quirk in the way we do numbers is that