now i ththink the odds are downo 10% orthereauts. the world market, we're all focused, of course, on unemployment, so the next jobs report coming in in about a week will be very, very important for all to see. we still don't have growth and personal income. there is still a lot of wood to chop, but certainly this is a good number and one that gives us some reason to believe the economy will continue to grow at this very, very modest pace. >> so heree are in sort of a slow slog in the u.s., waiting to see some real substantial job creation. what's your take? how do we creat jobs? there is lots of gridlock in washington, president obama trying to work around that, introducing measures and student loans this week, but really just nibbling around the edges, if you will. can that have a real impact? how do you have a substantial real impact on jobs? >> the president is doing the best he can with the cards he has to play. the fact is the gridlock in washington is worse than it has been any time during the 40 years or so that i have been ar

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going turn around when weapon's created more households than houses that inventory of houses gets downo shall did --. >> rose: is there a macal way to do that, to create more inventory. >> the way to do it is hold down creation of new hses. we have about 500,000 plus housing starts going on, in houses, apartments. >> rose: the way to do is limit the supply. >> if we create more households than houses, we will bring the inventory into balance. i don't know when but we did just the opposite sixor seven years ago. we created more houses than household. surprise, we had too many houses. it is really, it is really a question of supply and demand. and we created too many houses relative to households. a few years back, now we're creating more households every day than we are houses and we will come back into balance. i don't know when it will be. but when it happens, you know, when we get bacto a million units a year, or something like that, i think will you see unemployment rates drop significantly. >> rose: perhaps to 6%. >> yeah. >> rose: and you will see the full economic recovery at that

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president, it comes downo-this: re g to this.later this afternoon it's goingrnoon. it w to be a vote on president obama'obs obama's jobs proposal. and he has spoken to it clearly in a joint session of congress and has taken hiers case to thed p american people and has includednse provisions which the republicans suppo havert historically supported, and i am afraid you're going to walk away from this. the republican approach to this is to do nothing.rom absolutely nothing. protect billionaires' from tax a increases and don't give president obama a victory. will i tell you this is not a victory for president obama. across am it's a victory for unemployed would people across america that wehing but to something specific come h something directav something theurable impt in would have a measurable impact in creating jobs.ubled i am troubled that theth republican approach as senator mcconnell described it is one of just say no to bid that is the republican answer to the one weakness of our economy. h hee talks about the tax hike is in

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