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Detailed text transcripts for TV channel - MSNBC - 20131022:14:18:00

People chose not to participate in labor force, additional chose not to participate in the labor force, look for a job and so forth. and the number that enter the labor force was appreciably lower. one of the reasons that unemployment has fallen through this recovery or the most important reason has been the decline in the adult participation rate. if we had the same adult participation rate we had when the recovery began, unemployment would still be pretty close to 10%. key consideration that you re consistent in bringing up. jim, we still don t have the october numbers because those october numbers as peter was saying will include the shutdown. with the impending three deadlines in d.c., then, is the worst yet to come? i mean probably. let s be honest, what we just saw here was a total waste of an opportunity for congress. they basically fought over the wrong thing. the economy appears to have been slowing down and instead of having a big knockdown dragout fight over, hey, how ar ....

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CNNW Anderson Cooper 360 July 21, 2011



self-imposed deadline for a deal and still there is no deal. some on capitol hill, some of even the president s allies are saying this is now in their view time to cut bait and stop going for this big deficit reductions package they ve been talking about and just find the easiest path forward to get the debt ceiling raised and worry about deficit reductions at another time. you know, it seemed like there was some enthusiasm and some progress yesterday. but if the two sides are even further dug in, even further apart so to speak, why is the president still pushing for something big? reporter: well, there s the overt politics of it. he seems to be nominally winning. the republicans in public polls are doing less well and are getting more blame than the president, in part because he s going for something big. but there s also just the simple fact that they have to figure out a way to get votes in the house of representatives to raise the debt ceiling. and they can t ge ....

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