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4.53 AND IN SAN FRANCISCO 16
CENTS HIGHER AT 4.59 WE ARE
GOING TO TALK TO OUR BUDDY, THE
GAS BUDDY, AT THE TOP OF THE
HOUR.
WHERE HAS THIS BEEN GOING.
REPUBLICAN CONGRESSMAN KEVIN
BRADY JOINS US FROM HOUSTON.
THIS IS FRIDAY, JOBS REPORT,
YOU'VE SEEN THE NUMBERS, A SHARP
DROP TO 7.8%.
I WANT YOUR INITIAL REACTION TO
THIS.
WHAT DO YOU THINK?
>> YOU KNOW, I THINK WE'RE
FOCUSED ON THE THE WRONG NUMBER.
I THINK THE JOBS NUMBER.
114,000, EXTREMELY WEAK AGAIN,
DOESN'T EVEN KEEP PACE WITH
POPULATION GROWTH.
WE OUGHT TO BE 250,000 OR
350,000 NEW JOBS EVERY MONTH.
THIS FAR OUT FROM THE RECESSION
AND IF YOU LOOK CLOSELY AT THE
UNEMPLOYMENT NUMBER, YES, MORE
PEOPLE WENT BACK TO WORK, BUT
THE BULK OF THEM, NEARLY
600,000, GOT ONLY PART-TIME
JOBS.
THEY WANTED FULL-TIME AND
THEY'RE GETTING PART-TIME AND
THAT'S A KEY REASON THAT THE
UNEMPLOYMENT NUMBER DROPPED AND
WE DON'T WANT A PART-TIME
RECOVERY.
STUART: THANK YOU FOR BRINGING
THAT UP.
BECAUSE YOU ARE DEAD RIGHT.
873,000 PEOPLE STAY THAT THEY
FOUND WORK, THIS IS FROM THE
HOUSEHOLD SURVEY.
873,000.
BUT AS YOU CORRECTLY POINT OUT.
IF YOU LOOK WITHIN THAT 800,000
NUMBER, AROUND 600,000 OF THEM
WERE IN PART-TIME WORK.
WHICH THEY DON'T NECESSARILY
WANT.
AND THAT'S NOT A PICTURE OF A
ROBUST EMPLOYMENT RECOVERY.
>> YEAH, THIS WOULD BE A
DIFFERENT REPORT IF IT WAS THREE
YEARS AGO.
AND WE WERE FIGHTING TO GET OUT
OF THE RECESSION.
IT'S BEEN THREE YEARS SINCE THIS
ENDED AND THESE NUMBERS ARE
VERY, VERY WEAK.
THE ECONOMY THIS YEAR CONTINUES
TO BE SLOWER THAN LAST YEAR, AND
THE YEAR BEFORE THAT, SO, WE'VE
GOT A LONG, LONG WAY.
PLUS, THE NUMBER OF PEOPLE WHO
ARE LOOKING FOR WORK IS STILL
NEARLY AT A 30-YEAR LOW AND
THAT'S NOT THE SIGN OF A HEALTHY
RECOVERY EITHER.
STUART: OKAY, GOVERNOR ROMNEY IN
THE DEBATE LOOKED RIGHT INTO THE
CAMERA AND HE GAVE HIS FIVE
POINT PLAN.
I'M SURE YOU WERE WATCHING, I'M
SURE YOU HEARD IT.
WHAT DO YOU THINK ABOUT HIS PLAN
FOR GROWTH, GROWING THE ECONOMY?
>> IT'S MORE THAN DOABLE.
IN FACT, YOU KNOW, IF YOU LOOK,
HIS EFFORT TO TRY TO CREATE 12
MILLION NEW JOBS, THE TRUTH IS,
IF THIS PRESIDENT'S RECOVERY WAS
JUST AVERAGE, 4 MILLION MORE
PEOPLE WOULD BE GOING TO WORK
RATHER THAN LOOKING FOR WORK.
IF IT HAD BEEN A REAGAN LEVEL
RECOVERY, MORE THAN 6 MILLION
PEOPLE WOULD BE GOING BACK TO
WORK.
SO, WHAT GOVERNOR ROMNEY IS
PROPOSING AS A RECIPE FOR
ECONOMIC GROWTH, I THINK, NOT
ONLY WILL WORK, BUT WILL HIT THE
NUMBERS HE BELIEVES IT WILL.
STUART: ALL RIGHT.