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CSPAN Washington This Week May 6, 2012



translate into the unemployment rate explains the whole difference of what this whole weakness in jobs is. the problem is the assets under 20 years are behaving pretty much the way they always have in every recovery in the post world war two time frame. can you prepare the market for those assets or incentivize for the building of those assets? i think they tried to do too much of it has been counterproductive. before i got into government, i used to do a lot of work for major corporations and capital investment projects. what we used to do with it the project managers where new projects were needed and finance people what estimate the average expected returns. as a result of that, we quickly throughout projects that did not get the right return for a corporation. that moved into step to which was the big determinant. if you are expecting an average rate of return of 20%, it varies between -10 and + 50, that project was invariably shop. if we look at the cash flow a ....

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