Peter Marissey News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Peter marissey. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Peter Marissey Today - Breaking & Trending Today
With china. we need to start producing all of that oil and gas that america is capable of producing so we re not shoveling so many dollars out the door. jim, what do you make of it? the president is touting these figures. look you sort of allude to that sort of shrunken workforce, all of the people that the government doesn t count anymore. if this workforce, the labor force is as big as it was prerecession, the unemployment rate would not be 8.9%, it would be 12% worse than the great depression. at this pace at this pace of job growth, we re likely to have another recession before we get anywhere near full employment. we have to go against the axis of economic evil, too much regulation, too much spending and taxes. peter, i want you to react too. we ve got a quote i want to put up from congressman jeb ....
Below eight, he has a better chance. it s a pickup situation at this point. peter, the white house is going to try to make a kind of reag reagan, 1984-stay the course-it s morning in america. he wasn t running close, 8.5% unemployment. can obama get re-elected with unemployment that high? he can get re-elected. it s not morning in america, it s midnight. it depends on what the republican message is. they re going to offer the way out. and say tax and deregulate will not resonate from these voters. it won t because they have too many memories of what wall street has done. the candidate will have to have a growth agenda that s credible and believable for the president to lose his job. obama didn t win by a landsli landslide. he needs to win by one vote. my fear, guys, we re going to have to leave it there for today is we re still going to be in a situation where there s a republican message on jobs and ....
you have to be fiscally responsible. bring in energy and consumption taxes in the long term. why? because let me hear from peter. why do we need those taxes. the government is spending $3.6 trillion a year. but $1.1 trillion is in new spending in the last four years. what did we get for it? not a whole lot. we re going to disagree on that, peter. but it shows why i m not benevolent dictator. unemployment is still 8.9, right? that s good news in washington. but take us forward to september/october of 2012. if unemployment is still 8.5, 8.6, i think most people think you re still talking about well above 8% when obama is running for re-election. let me start with you, jim, can he get re-elected with unemployment that high? i think it s possible. you have a very close race at that point. it doesn t really matter who runs the campaign. that s a tossup. the closer it is, the worst it is for obama. ....
Despite the white house breast beating we re nowhere close to seeing. is the ongoing jobs crisis something we have to accept? is it a hangover from the financial bubbles? or is washington still just thinking too small. joining us with answers is peter marissey, professor of the maryland school of business. he s the chief economist at the international trade commission, and the columnist for reuter s breaking views, so, peter, let me start with you. which is it? is it something we have to be used to from the debt hangover? or is washington thinking way too small? washington is thinking way too small. if the president wants to brag on a 1.5 million jobs, that s somebody that s a football coach and he s taking over for a coach that s 1 and 15 and now he s 3 and 13. this economy is capable of adding 500,000 jobs a month with the right kind of policies in washington. we need to have a better tax environment, less regulation. we need to do better on trade ....