tv Washington Journal CSPAN August 22, 2014 9:15am-10:01am EDT
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china. jonathan, we will just move on. we need you to turn on your tv when you are calling in with your questions or comments. a question for you, mr. adler, who are the most at risk populations in the united states? you talked a lot about protecting children. is it the children? you have also testified about protecting the elderly population. guest: well, depending on the product, different hazard products have emerged, but you are correct i have in concerned by the elderly since i have moved into that demographic. statistics,at the the elderly over 65 constitute 65% of the fatalities from consumer products, and the demographic is only growing. an interesting statistic i've run across -- we have more people age 55 and older than they have people in canada. as i say, this demographic is
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only growing, so it is an area that i have been particularly concerned about. when i was acting chair, i actually reorganized the agency to a small amount to put a tohanical hazard tteam the elderly together. i think this will growing concern for this agency and other agencies as well. host: you talked about cribs when it comes to children. what products are the elderly population more at risk from? guest: falls. stayers, rams, and landings, but the elderly suffer, and this may patterns of activity, if you look at gardening equipment, elderly are injured at a greater rate. if you look to see cooking equipment, and unfortunately fires associated with the use of cooking equipment, slips and falls in bathtubs, so that we would like to see more railings products.
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here is an interesting point that somebody made to me that these beautiful new, very fancy and elaborate banisters on stairways are actually hazardous to the elderly. it is the old, very narrow rod that is the easiest to grab onto that the elderly probably should be using in their homes, so there is a broad array of products. one of my pet peeves particularly is latter's. i believe once you reach my age, you should not climb on a ladder that is taller than you are. arefalls from ladders extremely serious and quite frequent. host: some stats from the 2012 report on product related injuries. in 2012, 2 .8 million injuries in the united states when it comes to stairs, rails, landings. ,000 when it comes to bed, matters of, pillows. 600-3000 when it comes to chairs, sofas, and sofa beds. 570,001 at comes to sports
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equipment. 466,000 when it is football injuries or football itself? football related injuries. host: what are the new products that the cpsc is more concerned about? guest: new technology. certainly computers and computer batteries present issues that we have never seen before, and as we see the evolution of products. or is able, while growing up, rollerskates were not at all like rollerblades now. rollerblades now are much, much more enjoyable to use, but they bring a whole host of different safety problems. continuing to work on things like upholstered furniture fires. there has been tremendous
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improvement in upholstered furniture characteristics. it is still the leading cause insingle-family homes fires. we are looking at something called recreational highway vehicles, which are simply a side byre you sit side. we are looking at a variety of other products that have been a round for a while that we are still trying to add ress. i'm concerned about our table saws. there are about 36,000 injuries s, and from tablesaw about a 10th of those, almost 4000, our amputation. table salts have been around for a long time, but there is new technology that is, for lack of a better phrase, a flesh sensing technology that will shut the blade off immediately so you will get a slight nick but it will not entertain your
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finger. we will see if we can get that adopted by the industry. host: robert adler is a commissioner with the consumer product safety commission, check them out online at cpsc.gov comment on twitter @cpsc. we appreciate you stopping by the "washington journal" today. guest: thank you. consumerare looking at spending, america by the numbers, consumer spending and household well-being. we will be right back. ♪
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>> this month, c-span presents debates on what makes america great. evolution, and genetically modified foods, issues a spotlight with in-depth look at the veterans health care, irs oversight, student loan debt, and campus sexual assault. new perspectives on issues including global warming, voting rights, fighting infectious disease, and food safety. and our history tour showing sights and sounds from america's historic places. find our television schedule one week in advance at c-span.org and let us know what you think about the rogue earns you are watching. call us at 202-626-3400 or e-mail us at comments@c-span.org. join the conversation -- like us on facebook, follow us on twitter. here are some of the highlights for this weekend.
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tonight on c-span in prime time, we will visit important sites in the history of the civil rights movement. saturday night at 8:00, highlights from this year's new york ideas forum including cancer biologist andrew hessel. on sunday, "q&a" with new york congressman charlie wrangle at 8:00 p.m. eastern. tonight on c-span two in-depth with writer and religious scholar reza aslan. "aftern carson on words." on thewrence goldstone competition of the wright brothers and others to be the dominant name in man to fight. eastern, at a clock look at hollywood's portrayal of slavery. saturday night at 8:00, the 200 anniversary of the battle of bladensburg. sunday night at 8:00 p.m., former white house chief of how presidents make decisions. find our schedule one week in advance at c-span.org and let us
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know what you think about the programs you are watching. call us at 202-626-3400 or e-mail us at comments@c-span.org. join the conversation -- like us on facebook, follow us on twitter. >> "washington journal" continues. host: on fridays in the segment of the "washington journal," we take a look at america by the numbers. we look at analysis reports on consumer spending and another on state gdp by quarter. these are two reports offering some new ways to break down spending patterns across the state lines. this morning on the "washington journal," we are joined by mark hamrick of bankrate.com and ian mead. we will start with our report on consumer spending by states. this is something new, right? guest: this is brand-new. what is interesting and exciting as it breaks down consumer spending. consumers are important to
quote
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the economy. they are one of the drivers of growth. what we are doing for the first time is we are actually breaking up consumer spending by state so we can see how consumers are reacting to economic events in the individual states, and one of the things we find is that there are a bunch of different aretions, but the realities a lot different in different regions. not only are we breaking out the total consumer spending by state, but we are also breaking it up by category, see you can look at some of the detail in terms of what they are spending money on. part of the impetus for this was during the financial crisis and the great recession is we got calls for a need for a lot more data on how consumers were faring, and we think the state's component is really interesting and important. host: we will get to that
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report. one of them is the growth in 2002 to spending from 2012. the darkish shade of orange here, the lighter colors, larger growth rates. hamrick, you seem to reports, what has jumped out to you of the trends you have seen across state lines? itst: first of all, i think is great that the department is presenting this data because anything that gets us closer to individuals helps us to know what is happening with the economy. one of the challenges for ofrnalists, and i am sort representing the journalism world here is we cede national data on a national basis, and people see that dot as we reported in they think that does not quite tell my story. why is there a disconnect, and
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the closer we get to to your house or zip code or state, the better we are telling the story of individuals and their personal experiences, so to the point about the states, you really see here for example, the first thing that jumped out to me was how the housing boom and bust presented itself all across the country. i come from areas of the country, i have my immediate family from appalachia. i grew up in the midwest in kansas. these are areas that never really had the booms, so very often we think we see data to suggest the nation has been booming, but a lot of areas of the country have just been flatlining all these many years, so if you have been flatlining, you did not have as much of a pull back when this financial crisis hits, and i think that is really borne out in some of this data. host: we would love to hear our spendingpatterns, patterns prerecession and how it has changed postrecession as we go through some of these reports from the bureau of economic
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analysis. let's talk about how the shadow, the footprint of the recession has hung over some of these states. the good news at every state, their spending levels have recovered to where they were before the peak when we went into the great recession. haveugh some states recovered more significantly than others. in some places that were severely affected by the theirion such as nevada, spending had levels that little bit greater than they were in 2007, but there are other states that are spending about 10%, 15% more than they were in a 2007 as well. one of the things that plays out any data that we see is in these housing boom and bust states is there was a large buildup, a large increase of consumer spending, and much slower to recover since, although they have gotten back to prerecession levels of spending a were at before. host: four viewers come our phone lines are split up
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regionally. if you are in the central u.s., the number is (202) 585-3880. if you are in the mountain and pacific regions, it is (202) 585-3881. to look at another one of the charts it shows the difference between looking at a big picture nationwide to individual states, here is a chart on average 2002 torowth rates, 2007, it was 5.7%, 2009 to 2012, it was 2.5%. another state to look at is ohio . one of the states that had less 3.6% wasarge change, the growth in consumer spending from 2002 to 2007, and from 2009
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to 2012, 2 point 4%. can you talk more about the changes and what was happening in the state with the more drastic changes? the list,the top of you see states that were very much for dispensing the housing boom. it was nowhere greater than in las vegas. if you think about the way things were presenting themselves around 2006, people were looking to buy condos, vacation homes, or they were hoping to participate in this gaming boom. there was h or medicine of commercial construction occurring in las vegas. when the dominoes fell, when the financial crisis hit in the housing market pullback significantly, las vegas was as hard hit as anywhere in the country, so naturally people became unemployed there, people pulled back on spending. what were among the first things to be affected?
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housing, purchases of automobiles, and we can think about the crisis as a presented itself in october 2008 and 2007, you would see monthly car sales figures declined by 30%, 40% on the month because people were essentially in shell shock. to your point about the importance of the consumer, that is where we saw consumers really go into hibernation, and they have only slowly been clawing back all these many years. at the lower end of that list, in themple, we see ohio middle, economies more reliant on manufacturing, including the automobile industry, and we know again that was one of the areas and significantly affected. host: to look at one of the chart, intates on a nevada, the spinning for select categories during what is known as the great recession, you can see in this chart the blue area, that timeframe we are talking about, the dark blue number here, this drop in motor vehicles spending, as you were just talking about, gasoline, and other energy goods is this red line here. the yellow line -- furnishing
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and durable household equipment also dropping, but not as sharply. and food services and accommodations also dropping a bit but not as sharply as. we specifically want to hear from our viewers this morning on your spending habits, how they changed during the recession, postrecession. our phone minds are open regionally to do that. we will go to joan calling in from new jersey first on our line for independents. good morning. turned on your tv and go ahead with your question or comment. caller: yes, hello? host: go ahead, joan. caller: i would like to say that in my area that the economy has county inin of this new jersey, especially after fort momma's was the largest employer in our economy and they moved to maryland.
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the whole area is depressed. there is nothing replacing it, and personally, i just retired at the end of 2013, and of course my income went down a bit. my income went critically down. otherwise, i can see the depressed state of the economy. calling inis joan coming from new jersey. mr. mead, let's talk about new jersey, a state that experienced to8.9% growth rate from 2009 2012. what else can you tell us specifically about the state of new jersey? guest: one of the things i will say in general is this is the importance of getting more fine detailed data.
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we may not be able to identify exactly what is going on in the callers' individual community, but this is what we can break down to the state level. we are getting quotes and factoring in the reality of what is going on in the area. picturethat is the big and the importance of this report. what does happen sometimes is there are communities that are much more depressed than other communities in a state, and yes, they do kind of get washed out in the state level statistic, but we are getting much closer to getting more detailed lead on a geographic basis. host: mr. hammer, did anything jump out to you? -- mr. hamrick, anything jump out to you? guest: she is talking about how i pullback in military spending affects the community -- absolutely. we see a great deal of consolidation in military spending across the u.s. in recent years. if you are one of the communities where essentially that spending has been removed,
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that has an immediate impact. if you are a coffee shop selling to people who are supplying the military base, you are in trouble, and i think that underscores her comments. way --r. mead, number another way the numbers are broken on us by category, here is a chart on health care spending, summing very much on the mind of the public recently in recent years. the mid east area where new jersey is, one of the areas that have experienced significantly of healths, rates care spending. what we know about the regional rate of health care spending? guest: we know the spending is higher. first of all, the numbers go through 2012, so the effect of the american health care act are not included in there as well. thoughmeasures, even consumer spending, a measure of consumer spending is usually equated with pocket expenses. it is a broad measure. consumers, sof of
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it does include medicare and medicare payments. we do see that health care costs are little but higher in some states. it could be due to a price affected and also due to the quantity effect as well as the hostll. host: harvey is up next from amherst, virginia on our line for independents. caller: good morning. i have a comment than a question. these fellows you have on talking about the economy -- if they would just get in the 5%ition of probably 60, 70 -- a 60%, 75% of the people in this country, they would realize that the economy has gone down. it seems to me that the blood, sweat, and tears of our ancestors to build this nation to a nation that was looked up as that the shining example in a to 1945 hasn 1944 taken that well, and they seem
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to be using that well to try to dominate the world to force their will on the rest of the world, and it does not seem right to me. it is a waste of money. it is a waste of our ancestors' money. harvey in amherst, virginia. i want to ask you about the work that you do and the groups that you work for. for those who are on familiar with the bureau of economic analysis. we put together statistics that measure the overall health of the economy, and we do this to help policymakers and business decision-makers and households hopefully make more informed decisions moving forward, whether it be investing in a new plant or whether it be deciding whether to move to a new state for a new job. our flagship measure, or one of our flagship measures, is gdp. it is the overall measure of the health of an economy. we do do that at a regional level, and we do do breakdowns
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by industry as well. we also do foreign trade statistics as well. so we are to the statistical system. there is a lot of data out there that we put into a consistent framework so he can be used in unison with one another so you can get a fuller picture of what is going on in the economy. is a publiclyte traded company based in florida. i work in washington. i have been a lifelong career journalist, most of that covering the financial economist and the economy. our mission is similar to what iian is describing. most of it has do with interest -- ther rates that are rate you might need to be on a bankrate,, you go to
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and we have been doing a for many years, and is why consumers and investors and borrowers come to our site as well as providing breaking news may be a little bit of a more long-term look at what some of these trends are and how they affect people, very much the kind of topics we are talking about here today. host: we are looking at a couple of reports from the bea, one on consumer spending by state. look at the gdp by state by quarter. you can talk about that report. guest: this is the first i. as i said before, gdp is the version. we have had annual numbers come alone of the things we were concerned about is if we could break down into quarters, if things were going on that were being masked by what was going on annually, we could break quarterly data that might give you earlier warning signals what was going on in the economy, so you have two things going on here.
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you have things that sometimes get masked at the national level because you are not looking at individual states, and then you have things that are getting masked across time because you are just looking at annual statistics, and when you look at ,he correlating the statistics you can see weaker economy in the states beginning a quarter or two before the national connie went to the recession. the whole point to providing the statistics is to give a more and also toe view provide an earlier warning in terms of what may be going on in the economy. can this bemrick, used that way? is there enough time when these reports cannot to change the direction of the country if it looks like another recession is coming on? guest: well, sure. we know that generally speaking the economy behaves in cycles. we have been sort of in a recovery now for the better part of a decade, although to the earlier caller's point, to many people across the country, it
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does not feel like a recovery. that is why data like this is more specific to what is happening in a community, albeit states, is really important. that is why i am glad to see bea doing this. right now, we have had a lot of variation in the way the u.s. economy has been performing this year alone. we have had a retrenchment in the first three month of the are, and in the most recent order, the economy seems to be performing very well. a lot of the performance in the first quarter was thought to be because of bad weather across the country. things will be interesting down the line we have an opportunity to see what was happening in the states during the winter and the recovery and essentially beaver sergeants in the second quarter is really going to be fascinating. you were talking about health care spending -- this is one of the key there is as to why the first quarter did not quite turn out to what we initially thought was because health care spending was something we are still trying to get our arms around on
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a national basis, what is actually happening out there. host: like we said, we want to hear our viewers' on the economy , and particularly tell us about habits' spending prerecession and post recession. we will go to wilma who has been waiting in dallas, texas now. good morning. caller: good morning. i have a couple of questions and a comment. whenlly want to know someone is going to actually look at people's salaries, at their paychecks and see that they are making nothing. we are out here in the hinterland, and i buy just as little as i can because of my utilities, the gasoline. we are retired, and my husband /4 ofy medication take 3 our social security, therefore we are in bad shape. -- an grandchildren
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they cannot keep jobs. they hire them, they keep them a month, they pay them eight they have hour, and children. they cannot live on that. i am wondering when are the companies and corporations going to realize that they can make money if they come back here and do like they did in the 1950's, 1960's, 1970's, 1980's, and 1990's when the populations could afford to live. host: mr. hamrick, you are nodding your head. iest: it is a burning issue think for policy makers throughout the country, and in just a few minutes, fed chair janet yellen is supposed to be speaking at the kansas city fed conference in jackson hole. what janet yellen has to say may not be something that is a part of dinnertable conversation in the homes of people like wilma,
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and i understand why. it is not immediately obvious why it is relevant. the point is janet yellen has been talking about issues like this for white some time. why is that important? because for example we look at two broad gauges as to how the u.s. economy is performing. janet yellen would say we are still waiting for wages to pickup. this is something that has not happened since the recovery has taken place. as i said earlier, i know a lot of people feel like there is a disconnect between perhaps what is presented in the media, what experts discuss. this is something we happen writing about, and my colleagues across the journalism space have been discussing for sometime. the question is -- what is happening to the middle class in the united states? they feel like they have not been making progress. what are those things that are holding companies back from providing better pay increases? i will give one quick answer to that and that is the environment
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that she described 40, 50 years ago, it was not a globally competitive environment the u.s. was dealing with. we are now up against markets all across the world for better and for worse. one might argue the u.s. has done pretty well in that environment. we are still a dynamic and massive economy, definitely the most innovative economy on the planet, but many people who are working do not feel the benefit of that. this is something the policymakers are grappling with, whether the leaders on capitol hill are able to come up with any near-term solution, i would say i do not think the outlook is positive for that. it is something that the american people are feeling, and i think wilma expressed to that very well. b.e.a. ian mead come if people like wilma want to find information about wage growth by state committed us on the they can go to the? -- guest: yes. we have very detailed data on that.
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the focus of the new report today, it is summing that has been around for a while that we do provide to policymakers and people in businesses make decision. .gov if you want to check out their work. michael is in grand rapids, michigan. good morning. things.two the effect of the economy in the area, which rips me, those 50-year-olds find it very difficult to find jobs. the other question is what has been the effect of the tax cuts to business? in michigan, there have been for businesss to, taking money out of senior andzens' pensions education. how does that apply at the national level? in other words, tax cuts for business and their effect on the economy. host: mr. hamrick, i will start with you again.
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well, in terms of the population that i am part of, the 50 and older group, the fact of the matter is many people who were hurt during the recession and continued to struggle in these years a during the so-called recovery, actually numbers of that group representing larger part of the workforce than they ever have before. the question is -- is that by necessity because of necessity? may be. there probably are a lot of people in that group that would like to be working that are not, but because they took a big kid to their retirement plans or the lack of one in the very first place, we know that this is a larger part of the workforce and likely will be in the years going forward. the other part of that is it seems as if the participation of millennials in the workforce is actually not what it might be expected to be and we think that some of those older folks like me are essentially taking these jobs away from the millennials. on tax cuts, it is obviously a very politically polarizing
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question. something the states are continuing to grapple with. in my home state of kansas, that is the burning issue right now where the governor engaged in a lot of aggressive tax cuts and essentially people across the state, including numbers of his own party, has been say in where is the benefit from that. they are not seeing it. on a national level, there is a big question about whether corporation should be essentially given a tax cut in the united states to make a more level playing field with our competitors around the globe. there is indication that the obama administration might take some steps and do it administratively to address that issue, but this is really at the heart of the american political debate. what you do with capital, how much we value labor versus very hardeally a economic debate and argument, and this is borne out in the political debate going on in our country. host: let's go to jerry in
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kentucky. good morning. caller: good morning to you. -- how ton is this you think the fair trade agreements we started have affected the economy in this country? we lost a lot of manufacturing over it. what is your thoughts about that? host: mr. hamrick. guest: it is a mixed bag. the other part of it is i think it was not double double -- not avoidable. the trade agreements were essentially coming down the track and the leadership in washington embraced either the north american fair trade agreement or the world trade organization were things that had to be done, but as i said earlier, the impact of this has been significant on the american public to the point earlier where people feel as if we are not making the gains that we would have made years ago because we are competing in a global environment. the good news is for the nation's manufacturing sector, i
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think we have become so efficient and innovative in when u.s.ing that labor costs seem to be sufficiently low, the u.s. can compete very well globally. we are seeing some negative side effects semen to occur in places like china where they are kind of we are seeing some negative side to occur ining places like china where they are kind of sweating. now we are having to manage that. host: if you want information about the impact of trade agreements on the u.s. economy, what specific data points would you point them to? terms of is hard in the data we provide to trackback type of stuff down, but we do have direct investment statistics, and we can certainly look at the economic performance in particular like the manufacturing sector. even by state to see.
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one of the things we have seen in our statistics is, you know, it took a while, but the manufacturing sector is about where it was at the peak before the great recession. in terms of having the smoking gun or being able to point to exactly what is causing it, that is difficult to do. host: everything we're talking about today available at bea.gov. let's go to norma in virginia beach. good morning. caller: good morning. i learned earlier in the week that dollar general got the bid on family dollar. this morning i read they rejected that it will give it which made me, glad because i want that. if dollar general got a, the prices would go up, and i was
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glad to hear perhaps it will be dollar tree. about we are talking consolidation in the retail industry. essentially when chains merge, two entities in that dollar store space, we have seen a lot of consolidation in retail in recent years where large grocery comee comes -- chains together. there has been competition with walmart, amazon all competing on price. to her point, she is saying i feel if this company gets larger and one competitor goes away, the prices will go up. first of all, let's say the merger does occur, that is part of their strategy essentially to have a low-price strategy. i think we do have aggressive retail competition in the united states. it is hurting some players like but ihurting and kmart, think it lets you live in a really small community where you do not have access to some of these larger chains, you should
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be able to expect that you will have good competition on price. you always want lower prices, but in those prices and up supplying or providing the underpinning for people's wages, and that is the other side of that coin. host: philip inland all, texas is waiting. good morning. caller: good morning. i want to make a comment this that i feel like our biggest problem is our education. i am really thankful for "washington journal" because they have so many dynamic speakers on their that give you the inside information or what really is happening. the down fall is when we fell for the story of trickle down. let's give the money to the big industries, let's give the money to the rich, and the money will trickle down. well, it never did. our problem right now the way i see it, if we can get more money to the average people and you're working class, they turn around and spend it. they would buy new cars, they
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would buy new washing machines instead of getting their old ones fix. host: how is the recovery in your area? guest: actually, it has been really well here. has slowly picked up, our housing market is better than it has been in a long, long time. the jobs -- there are plentiful are low-paid them jobs, but because of all the construction that is going on and the oil boom, it has really helped the economy around this we educate our younger people and the people there, weto jump in have got the privilege and the liberty to go vote. on and at what is going go vote for what is going to help you, your family, and your household. host: philip, before we lose you, can you talk about your personal spending habits? how did they change during the
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economic downturn, and how did they change during the recovery? guest: well, -- it affected us also. i had to take an early retirement, a medical retirement, and i am on social security and pension. my wife works, but her wages have been froze now because of the economy. it is not like what it was. and it affected the people all over. but please look into the truth of -- how did this happen? how did we go through this? and then look at it educational wise and see what the people like our c-span are telling, and and see howot here we crawled out of it because we were in a deep pit. host: philip, appreciate the call. we will get to the education portions of your comments in a moment. e, texas, can you talk
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about texas and how it has fared? guest: it has actually done pretty well. to go back to the map that you initially put down, two types of stories go on, and there are two stories that are running stories that were kind of vague in terms of regional development that past 10e on over the years, and one of them is the housing boom and bust. so you see states in blue like nevada and arizona, these were states where consumer spending was really high, but it is primarily associated with the buildup in spending before the recession. one of the big stories on a regional basis since 2008 has been the boom associated with energy resources states and natural gas extraction. in places like north dakota are growing by about 10% a year. it is showing through our statistics that texas is doing pretty well, and a lot of it is associated with -- it is a big
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economy, so a lot more is going on, but some of it certainly is associated with oil and gas extraction. host: mark hamrick, i want to go back to the viewer's comments about education. guest: right. he really had something that is getting a lot of traction here lately. just within the last two weeks, a bit of a splash in the economic standards when standard & poor's can down with an economic forecast that was downgraded for the next decade because of income inequality, essentially the and balance of income across classes, the rich getting richer, middle-class not necessarily faring as well, and the poor getting poorer, and the one suggestion was that there needs to be more attention paid to education. in a some of these boom industries that ian is referencing, there is a problem finding sufficient workers. these are not necessarily jobs that require college education. other jobs require skills
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training, maybe more like a vocational technical school or community college. we have not really been devoting sufficient resources to supporting education through government in our country, and it is coming home to roost now. to midland,go michigan where amy is waiting. amy, good morning. caller: good morning. how are you doing? i have a very simple question, but it he funnels me. i cannot figure it out. consumer of our spending, our debts, let's say every time we rip our credit card, how is that correlated to our national debt? i mean, it is we the people, the national debt is our debt, but aside from that, what percentage , ourw is our spending personal, privately owned debt, whatrent than --
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percentage of it is the national debt? host: ian mead, if you want to take it. debt ishe national usually referred to when referring to the government budget. the federal reserve bank keeps track of that kind of stuff. yeah, you do spend things on .our credit card that will show up in consumer spending. but there is another set of statistics out the that addresses that issue, and you can measure that because the financing is a little bit different from the actual spending, which is what we measure. host: mark hamrick, we have been talking about these new reports from the b.e.a. how are businesses going to use these reports in the coming weeks, months, and years? guest: i do not know that they will necessarily seize upon this data to make real-time decisions. i think in some ways this is such very informative to tell us how we got to where we are today, and there is a about a
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two-year lag in this data for the most part, so business tends to be operating in more of a real-time basis. i do think there is a lot here for policymakers to look at, central bankers trying to figure out how the national economy presents its self and how results do vary across the united states. guest: i will say one point. i know that the statistics run normally through 2012, and we are trying to accelerate those, and hopefully -- in business decision-making, there is a lot of on the ground type these areance, but prototype estimates. we are soliciting for comments, and hopefully they will be made more timely. that is what we are trying to do next year. host: the data that is available can be found at bea.gov. i want to thank ian mead from the bureau of economic analysis and mark hamrick of bankrate.com. thank you for coming by. that is our show for today.
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we will see right here tomorrow morning at 7:00 a.m. eastern, 4:00 a.m. pacific. have a great friday. [captions copyright national cable satellite corp. 2014] [captioning performed by national captioning institute] >> thank you for joining us on this friday. governor mikes huckabee and the national -- former arkansas governor mike mike huckabee and the national hispanic christian leadership conference announc
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