election week the days before we get the october report [ unintelligible ] we would be looking at unemployment rate of what? 12% easily that s a minimum. you can calculate a number of other items. first the misery index. you look at history, you see rising equates to higher unemployment. the misery index is 12.73. second highest in president obama s term. it is catastrophic that leaves us to believe there s future lay-offs down the road. sentiment ratings not just for consumer, also for companies, very negative. when you see that companies will not hire. consumers are not spending, companies not hiring. you are looking at double digits we will be dancing with teens in the teens this time next year, scary. neil: todd, thank you, i think. we were showing you a little earlier what has been going on in various sectors within the
the state s highest violent crime rate and one of the highest in the nation. these images of rioting last week only make the officer reductions less palatable. is this the worst you have seen things? yeah. this is terrible. let there be no doubt, the loss of 80 officers is terrible for oakland. this is a dangerous place to be for a police officer. reporter: with 80 officers getting cut, police brass have said officers would no longer be able to respond in person for a multitude of calls including car accidents, grand theft and those failing to register as sex offenders. we go on the same motto where people say you can do more with less. we can t do that anymore. we re doing less with less. if someone poisons my dog, you won t come out? correct. reporter: no one wanted 80 officers to lose their jobs, but the city, phasing a $38 million deficit couldn t reach a compromise over pension and the possibility of future lay-offs.
less. we cannot do that. we are going to do less with less. reporter: if someone poisons my dog you won t come out? correct. reporter: no one wanted 80 officers to lose their jobs, but the city facing a $31 million deficit could not reach a compromise with the police officers over pension and the possibility of future lay-offs. the union wanted a guarantee no one would be laid off for at least three years. the city guaranteed one year. there is nothing i regret as far as joining the department. one of the top three things in my life other than my daughter being born and being married. reporter: jay factora was among those who turned in his badges and weapons. after two towers of duty he joined the force. he hopes the cuts will be temporary. this is where i grew up. this is my home. i ll wait until the department hopefully opens the doors back up and allows us to come back. reporter: city officials say