mark zandi, starting with you what are the jobs number tell you. a lot of jobs across lots of different industries. you know, we have been in recovery for six to nine months. but the missing link was job growth, i think we found it today. very positive report indicates that the economy should do much better going forward? >> and you see it you said widespread among key sectors, fill that in a little bit. >> it was very broad based. it was manufacturing. it was construction, two sectors that have been losing lots of job during the recession. it was leisure hospitality, it was retailing, it was parts of financial services. it was of course the federal government because of the census hiring. almost every sector added a bit during the month and that is a very good sign. >> and mohamed el-erian, what do you see in the jobs market. >> same as mark. we are finally seeing all these cyclical tailwinds translate into job creation. and the question is can this continue given what else is going on in the global economy. but on a stand-alone basis, today's rep

mark zandi, obama's-- excuse me, mccain's economic advisor said without the stimulus, unemployment wouldnd we've seen more job creation in 2010 than the entire eight years of the george bush presidenciment so i think what president obama is not pointing to obstructionism because frankly the republicans weren't able to obstruct what he did. what he was able to say, look, we inherited a mess. we're not going to be cowed by the suggestion we shouldn't talk about the mess, we did. and we're trying to get the country out of it and the indications are, we are. >> look. >> but we can't have people get in our way. >> richard, i'm sorry, unemployment is almost at 10%. again, he promised it wouldn't go above 8%, if you take a look at the health care bill. >> no. >> he promised there would be deficit reduction. the congressional budget office just came out and said well, that isn't look like it's going to be in place. the fundamental problem the guy has, the policies aren't working. the republicans, the reason there hasn't been bipartisanship because this guy would talk to talk, but when as you cam

mark zandi, the chief economist for moody's annually particulars stated -- quote -- "small business creditis key to small business creation." by preserving financial flexibility for small business owners, this amendment assures that home equity will remain as a possible means for entrepreneurs to secure funds to start and grow their businesses. with small businesses adding two-thirds of all the net new jobs, this provision will help and assist small business owners create jobs, finance their businesses and help us reduce our current 9.7% unemployment rate. madam president, i think we understand how instrumental small businesses are to job creation. we have to remain deeply concerned that the last three months we've had static unemployment, employment growth with a 9.7% unemployment rate. it is dependent on small businesses as the engine will drive this recovery and will lead us out of a jobless recovery because a jobless recovery is not a true recovery. so anything we do here, particularly in this legislation, that could affect small businesses' access to capital is going to certainly infr