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Troubled economy. take a look at this chart. it shows job losses under president bush. look at the red. and shown here president obama, the chart turns blue. it begins to show reverse. the job loss has become job gain. we all learn to read the graphs in school. the stuff above means it s shooting up positive. a bloomberg report released earlier this week shows the economies of michigan, indiana, ohio, and pennsylvania have impro improved faster than the the rest of the country since the recession began in april of 2009 until the end of 2011. some of those states are the orb kosh carter. that sensitive part of the country. people depend on the accordion industries. they hire and lay off and lay off and hire. everybody is sensitive. there are two things that come to mind. the first is david is right ....
Right after last night s broadcast. it s very funny. i m rick perry. what s that line again? i m rick perry. and i approve of this message. to go back, since the brain freeze, the perry campaign has handled this moment about as well as you can but he s got no traction from it since. let s dig deeper into the big news of the morning, the dip we saw in the unemployment number this morning and what these new numbers mean for our economic future. of course there is nobody better to talk to on this than mark zandy chief economist for moody s analytics. okay. the headline is going to be something that raises a lot of eyebrows, makes a lot of people feel better. dig into the numbers. how good really was this report? good. but not as good as the decline would suggest. it s good because it s it indicates we got more jobs during the month so job growth was positive. it was a pretty solid job gain, but the decline also occurred because fewer people were out there looking for work. ....
L hey, you know, governor perry has had a good record of jobs down in texas. doesn t he deserve some credit for that? here s the answer. oh. yeah, well does governor perry deserve any credit for those jobs created? there s some sound. i think governor perry would agree with me if you re dealt four aces, that doesn t make you necessarily a great poker player and perry got back with him. here s the facts about the jobs, though. perry says that he created more jobs than mitt romney. perry created his job gain was 8.9% when we were in a down economy compared to romney s job gain of 1.4% when perry argues that the s&p was actually posting strong gains. we got the sound bite now. here s the interplay from last night. governor perry deserve any credit for all those jobs that were created? sure. look ....
streak, tiger woods returns to the pga tour. in less than five hours he tees off in the bridgestone invitational. congress celebrated its long overdue deal on the debt crisis by racing out of town for summer recess. lost in that cloud of dust, funding for the faa and thousands of workers who now can t be paid. personally, this is devastating. i ve spent i spend most of my day trying to figure out what what can i not ay, what can i pay, where can i get extra cash. we re pretty much going to burn through all of our savings within a monday. athena jones is on capitol hill. the numbers are huge. 4,000 faa workers furloughed and tens of thousands of other workers idle and doesn t include the billions of dollars in tax money that won t be collected. it s not just the thousand of workers who aren t getting a paycheck and therefore not spending their paycheck in this fragile economy. it s the money and tax receipts the government is not going to get and because the ....
Debt crisis in europe. business groups say getting the cernty from a budget deal that the president talked about today in the rose garden could help kick start job creation. a deal would let companies know for example what corporate tax rates or payroll taxes will be to firm up the hiring plans. a deal to increase the debt limit would be a big plus for certainty. then we will see things turn around. once we get good month of job gain, consumers will be confident and open their pockets more and it will lead to the stronger job growth and we ll get in the positive self-reinforceing cycle. but we re not there yet. for the possible additional economic stimulus, the president called op congress to extent the current 2% payroll tax cut to 2012. that would keep more than $100 billion in workers pockets next year. bret? bret: what is the outlook for job creation in the short-term? ....