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Detailed text transcripts for TV channel - CNN - 20120107:00:02:00

Pie. so you can see it as positive because it s improvement and it is, but you could also say more than two-thirds of that pie is still randy thated and that s a. there is one thing that s good news for the president. the bottom line. the unemployment rate may be high, but the absolute number is not what matters when it comes to getting re-elected. that s about the trend. every president running for re-election since world war ii has won when the unemployment rate was falling and lost when it was going up. best example, get ready it s morning again in america. today, more men and women will go to work than ever before in our country s history. with interest rates at about half the record highs of 1980. hmm, pretty good sell. that was ronald reagan s iconic re-election ad. now, this is pretty amazing. the unemployment rate when ronald reagan was getting ready to get re-elected, 8.5%. sound familiar? it is absolutely identical to ....

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CNNW Erin Burnett OutFront January 7, 2012



reagan? let s go, outfront. i m erin burnett. outfront tonight is it morning in america for barack obama? the u.s. added 200,000 jobs last month. that absolutely trounce expectations and it brought the unemployment rate down to 8.5%. now, that is the fourth month in a row that we have seen a drop in the unemployment rate. we are now at the lowest level in almost three years. prior to the crisis. but where did we see the growth? health care and manufacturing are the two areas that stand out. manufacturing in fact may surprise you, but really been the area bouncing back all year. i want to put all this in perspective because it s really important for the election. i m going to call this a pie. it represents the 8.7 million jobs lost since the recession began in 2008. that is a whole lot of jobs. all right. since then, though, 2.5 million jobs have been added. now, that s about 30% of the pie. so you can see it as positive because it s improvement and it is, but you ....

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