. >> diane swonk, chief economist at mesereau financial. the u.s. lost 8.7 million jobs as a result of the recession and with the jobs recovery picking up steam we've gained 3.1 million jobs since the low point, but we've got a long way to go, 5.5 million americans have been out of work for six months or longer. and this persistently high unemployment is a threat to the american way of life and that goes from everyone from high school dropouts to college graduates. this problem, what's the connection between our jobs, our manufacturing, our recovery, and this issue of china. >> mohammed makes important points of china being a big country but poor country, even as they become the size of the united states in economic output they'll still have one-fifth per capita income and that's important because we've not had that sort of duality. what we're degree in the u.s. is -- seeing in the u.s. is a major shift related to what peter talked to. the wages don't matter as much. many companies i'm seeing come back into the united states now and a lot of compani