we've got rob stein, astor investment management ceo who thinks we'll get accelerating growth next quarter hmmm. mike harris, despite the downturn is staying long on oil. bill arnold from ubs strategy. he blames fed inaction for lack of economic growth. stay there. todd horowitz from the pits of cme. your reaction to the fed minutes that came out 2:00 p.m. eastern time. >> hi cheryl, hi, adam. the minutes were no big deal. as long as we have ink and paper and we continue to print money it doesn't matter. if we don't run out of ink and paper we'll be in good shape. market runs on dovish type of comments we continue to make. knowing we have yellen put in place. there is lot deeper trouble. if we look back at jobs number from the other day, although we had some growth, it was not in the right jobs. there are a lot more problems i think on the horizon. adam: bring in william o'donnell on this, speak about job growth, the consumer, consumer stocks are doing today, just not spending. these predictions we'll have gdp over 3%, you don't think we will for the rest of this year. what is going on? >>

we've got rob stein, astor investment management ceo who thinks we'll get accelerating growth next quartermmm. mike harris, despite the downturn is staying long on oil. bill arnold from ubs strategy. he blames fed inaction for lack of economic growth. stay there. todd horowitz from the pits of cme. your reaction to the fed minutes

rob stein pointed this out in national review online. these six months, which obama heralds as the largest, fastest growth in jobs since 1999, coincided with the six months in which we have no longer extended emergency unemployment, long-term unemployment insurance. remember the end of last year, the president saying if you add this, the sky will fall, people won't go starving. it's had precisely the opposite effect. in these six months, where you ended the extended unemployment and the conservative argument was if you subsidize something, you'll get more of it, if you stop the su si di, you lessen it, these six months coincide with a decrease in the medium length of unemployment from 17 weeks to 13 weeks. the largest six-month decline in the length of unemployment ever measured. which means the real problem of long-term unemployment was a function of this anomaly, emergency extended unemployment, which should never have happened, and whose end has created this -- has contributed to this excellent result. the debate on that extension is