begin to open up and monitoring it closely for you. but, the markets, as we mention, how our own markets have been doing, i hate to tell you, why the debt thing is certainly a prominent concern, i think the big e-concern now is the pronounced slowdown in the economy. we ve got a lot of really bad economic numbers out this past week, grosse pointe woo week, gdp, not doing too well. 1.had%. and revised, close to not growing at all. we ve seen more layoffs announced, merck, the pharmaceutical giants, it s going to layoff 13,000 people and we had better than 20,000 layoffs announced last week and concerns about china dipping into another recession, but we have concerns about germany slowing its momentum, england slowing its momentum, greece, part g
tomorrow, we ll be here in this exact same spot, as they begin to open up and monitoring it closely for you. but, the markets, as we mention, how our own markets have been doing, i hate to tell you, why the debt thing is certainly a prominent concern, i think the big e-concern now is the pronounced slowdown in the economy. we ve got a lot of really bad economic numbers out this past week, grosse pointe woo week, gdp, not doing too well. 1.had%. and revised, close to not growing at all. we ve seen more layoffs announced, merck, the pharmaceutical giants, it s going to layoff 13,000 people and we had better than 20,000 layoffs announced last week and concerns about china dipping into another recession, but we have concerns about germany slowing its momentum, england slowing its momentum, greece, part g
i do believe that we re going to get through it. if you and i were at the table we could find stuff we agree on. no doubt. the issue, the frustration for me outside of the conversation, which is almost everybody. yes. is that there is a sense of a decline of american prosperity and there s a sense that the representatives while addressing important things, like debt or other debates that come up, are avoiding the core prosperity debate, which is the acute issue of the american people. and you can see that in every poll. then say, this is great. the debt, good on energy. fine with the war. work on this. what about my job? what about my retirement? what about american prosperity? and it appears that the congress does not have the ability or desire to hit the big problem. i think we get wrapped up in this debt thing and we make spending or savings a virtue, and i think to a degree,
avoiding the core prosperity debate, which is the acute issue of the american people. and you can see that in every poll. then say, this is great. the debt, good on energy. fine with the war. work on this. what about my job? what about my retirement? what about american prosperity? and it appears that the congress does not have the ability or desire to hit the big problem. i think we get wrapped up in this debt thing and we make spending or savings a virtue, and i think to a degree, spending and saving does reflect some of our values but beyond that, the stuff we can agree on, as i said, easing ip the credit so small businesses were borrow money and expand. get rid some of the job killing regulatory burdens would be helpful. lowering the price of energy through an all of the above energy policy. i think there are a lot of things democrats and republicans can get together on and do what s best. an example i use quite often is how many people do you know who actually fill out their own
i m saying ronald reagan s was the same. his structural problems were not the same. the 86 tax bill. i can t speak to the politics. i can say that the economic itself, if you look at the indicators, the economy is really craving some targeted jobs policy. if you can t get there on the monetary side, has to be on the fiscal side anchts agree, jared. see if we get to the debate. i welcome the day. jared bernstein, former economic adviser to the vice president. panel, thank you so much. we ll come back for more on thursday. pick up grover norquist, don t have to do it all in a question. know what i m saying? we ll take a momentary break. up next here, we found forget the whole debt thing. uo ufo s exist. we ll show them to you. ahead of the third largest credit rating agency and the