About his new book, the Global Financial meltdown seven years ago, and who should have taken the fall. Corporations are legal fictions. They dont themselves take legal or illegal actions, its individuals who make those decisions and i would have preferred to have seen the strategy to determine who and what individuals were responsible. Woodruff all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by bnsf. And by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. Support also comes from Carnegie Corporation of new york. Supporting innovations in education, democratic engagement, and the advancement of International Peace and security. At carnegie. Org. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff the political bombshell burst at the u. S. Cap
Chairman believe the economy itself could be flatlining. Craig, thats been a concern with you for a while. More so now . Yes indeed. You stole my thunder. You cited the numbers. Retail sales are down. Year over year theyre up a bit but not anywhere they should be with a fed fueled recovery. Look at job growth, yes we have 250,000 jobs terrific. But real wages dropped. Hours worked dropped. Consumers are getting more in his pocket because of gas prices, thats not translating intohem sndint in e reil secr. I inkhe forcast will chae damicay for 15. I b curus wt brad h to sayabout as railer. He has to feel the effects straight acrosstheboard. Neil it doesnt jibe with numbers that otherwise look good. When you look at these polls, there are others that confirm this. Malaise or were not feeling it. When two out of three arent feeling it, thats quite telling. Yeah. I think retail sales are very telling. Thats consumers acting with their pocketbook. Optimism. Those are comparison sales against
Brad anderson and swiss chairman believe the economy itself could be flatlining. Craig, thats been a concern with you for a while. More so now . Yes indeed. You stole my thunder. You cited the numbers. Retail sales are down. Year over year theyre up a bit but not anywhere they should be with a fed fueled recovery. Look at job growth, yes we have 250,000 jobs terrific. But real wages dropped. Hours worked dropped. Consumers are getting more in his pocket because of gas prices, thats not translating into them spending it in the retail sector. I think the forecast will change dramatically for 2015. Ill be curious what brad has to say about it as a retailer. He has to feel the effects straight acrosstheboard. Neil it doesnt jibe with numbers that otherwise look good. When you look at these polls, there are others that confirm this. Malaise or were not feeling it. When two out of three arent feeling it, thats quite telling. Yeah. I think retail sales are very telling. Thats consumers acting
Chairman believe the economy itself could be flatlining. Craig, thats been a concern with you for a while. More so now . Yes indeed. You stole my thunder. You cited the numbers. Retail sales are down. Year over year theyre up a bit but not anywhere they should be with a fed fueled recovery. Look at job growth, yes we have 250,000 jobs terrific. But real wages dropped. Hours worked dropped. Consumers are getting more in his pocket because of gas prices, thats not translating into them spending it in the retail sector. I think the forecast will change dramatically for 2015. Ill be curious what brad has to say about it as a retailer. He has to feel the effects straight acrosstheboard. Neil it doesnt jibe with numbers that otherwise look good. When you look at these polls, there are others that confirm this. Malaise or were not feeling it. When two out of three arent feeling it, thats quite telling. Yeah. I think retail sales are very telling. Thats consumers acting with their pocketbook.
Chairman believe the economy itself could be flatlining. Craig, thats been a concern with you for a while. More so now . Yes indeed. You stole my thunder. You cited the numbers. Retail sales are down. Year over year theyre up a bit but not anywhere they should be with a fed fueled recovery. Look at job growth, yes we have 250,000 jobs terrific. But real wages dropped. Hours worked dropped. Consumers are getting more in his pocket because of gas prices, thats not translating into them spending it in the retail sector. I think the forecast will change dramatically for 2015. Ill be curious what brad has to say about it as a retailer. He has to feel the effects straight acrosstheboard. Neil it doesnt jibe with numbers that otherwise look good. When you look at these polls, there are others that confirm this. Malaise or were not feeling it. When two out of three arent feeling it, thats quite telling. Yeah. I think retail sales are very telling. Thats consumers acting with their pocketbook.