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It s likely it is a hoax but, obviously, authorities are taking it very, very seriously. back to you, jon. jon: julie banderas in the newsroom, thanks. reporter: sure. jenna: well, that s the song that jon scott plays every morning right before he walks jon: oh, you know it. [laughter] jenna: it s really inspiring. it s good, jon. it certainly does get you jazzed. it s one of the most famous theme songs out there, and you might instantly envision rocky balboa running up those steps, taking a few swings, getting knocked down over and over again. apparently, this is kind of like our economy. ever since the recession ended three years ago, we re seeing the weakest recovery since the great depression, that s according to the associated press. and one economist says we re actually in what he describes as a rocky balboa recovery. stephen dee seize is a professor ....
Of economics at the university of chicago, so probably inspired a little bit by that song, stephen. why is this a rocky balboa recovery? well, as you said, jenna, the economy does have a certain stop-go aspect in the last three years, and it reminded me and my co-authors of rocky balboa springing to action, trying to recover and getting whacked and knocked down on the mat again. jenna: what keeps knocking the economy down? yeah, several things. one thing we focused on is the highly uncertain policy environment facing businesses and households both in the united states, but also in europe. which has spillover effects on the u.s. jenna: and so does that look like it s going to end anytime soon? well, it s not looking really good for the near term. um, everybody here talks about the fiscal cliff that s coming due on january of next year. that is a big deal. if there aren t some changes in the law, there will be major tax ....
jenna: happening now , a deal of sorts on the table for governor mitt romney and it is his choice what he wants to do. kind of interesting. interesting stakes. jon: and a clever response i think from the . jenna: what happens when you run for president though, right? all these deals get thrown at you. we re glad you re with us this friday. i m jenna lee. jon: i m jon scott. the president obama s campaign says if mr. romney only releases five years of tax returns the president s team will not criticize him for not releasing anymore at all, ever. that offer coming in a public letter from campaign manager jim messina to his counterpart on team romney there is already a response. we ve chief white house correspondent ed henry at white house with that ed? reporter: good to see you, jon. what the obama campaign is asking for five years of tax returns, 2007 to 2012. the rationale being that is the time frame mr. romney launched his two presidential campaigns over last two ....