host: a question for you, mr. noah.s this type of recovery is thought of the new norm the united states should be expecting? guest: that is the worry that this has become the new norm. it has repeated the pattern that we saw in the last couple of recoveries. it used to be that the great american jobs machine was one where we saw a lot of layoffs during recessions but then we saw a rapid ramping up of hiring during recoveries. there were certainly a lot of layoffs during the recession, but we haven't seen that ramping up of hiring that we would have acted. the gdp growth -- there is sort of a chicken and egg problem with the gdp growth and hiring. want to higher if they don't think gdp growth is going to grow sufficiently. but gdp growth can't grow sufficiently unless employers hire. facess the paradox that the economy every time we are in a recovery. but it is taking longer to resolve itself this time than it has in the past aired host:'s pacific -- in the past. host: specific drags on gdp growth, what are a few of thos