jobless rate is attributed to losss in the public sector. that aside with regard to job training is hopeful here, you are taking a page of what happened in clinton in public/private partnership. you would not have welfare form if you didn't have public woshing with private to get reform. what is good to see them how they fill the jobs they do have and vacancies that they do have. >> more central plan government and what we need is more solyndra. >> i didn't say more planning. >> here is another problem with the partnership. guys, don't you think that the housing problems are weighing in on the jobless problem. they can't move and flexibility. wayne, to get to where the jobs they can't move and maybe the federal government focusog job training should reform and fix the housing problem. >> it is not just in the housing. you have systemic loss in jobs because we have a gap educational some of the jobs are never coming back. a rivet guy job is gone. that is replaced by a machine and somebody with computer training. that kind of training for high

toppling ghad gad without the losss of a single american soldier and cost a billion as opposed to 805 billion in iraq. was the president right and critics like yourself wrong. >> guest: if i hear a republican nominee embracing leading from behind they will have a hard time in south carolina . it was right to take qaddafi down. and he deserves criticism for waiting too long. qaddafi was on the ropes and only got involved when there was a massacre in misrata. tharning god for hillary clinton who. >> chris: who pushed the president. >> guest: he came in the game when qaddafi started to kill thousands of people. but the war lastted longer and here is the big mistake. when you take american air power off of the table nato is a weaker force and thousands of surface to air missiles that are compromised and chemical caches and the devastation in libya is the result of allowing the war to go on longer f. you go to war go to win. >> chris: and we heard secretary clenton endorse and to ha an investigation of the death of qaddafi as a war crime. >> guest: i am for the rule of law even for the wor

there isn't much equity financing in their banks and therefore they don't have strong buffers against lossswhen they see the potential dangers coming from europe they hunker down, they cut back on loans, they get ready for the storm in that passion and that has a negative contracting effect on the rest of the economy. >> brown: simon, how much of the problems are self-inflicted problems that never got resolved? we talk misdemeanor times on this program several years ago in the midst of the financial crisis about all the bad assets out there. how much of that, simon, is still hanging out there and still with us? >> an enormous amount, unfortunately and self-inflicted is exactly the right term. there is estimated to be about $700 billion in negative equity in residential mortgages. that's mortgages worth less than the house... the house is worth less than the mortgage and that, of course, is sitting on the bank's balance sheet. they don't want to deal with it, they don't want to do a write-down of it of any kind and that's paralyzing that the housing market and leading to blights in many comm

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