and pretty rosey when we sat in this room and thought we had some difficulties am i'm just concerned with how comfortable and confident you are on how long we'll stand at the 2% growth? >> well, you know, macro economics forecasting is very difficult. we don't pretend that we're -- have a crystal ball. what we try to do is set our projections at a level where we think the chances of being too optimistic are roughly to the chances of being too pessimistic. >> i understand. that's the range. >> we could be better than we expect. >> i would hope it would be. and seeing those figures that then talked about earlier how we have such an anemic recovery. the worst one since the war. and from your estimates, i have not seen that coming out as getting that flavor. one other thing i want to mention about the transcripts and others talked about, thank you for being a big supporter of the transparency. is there a reason why you have to wait five years to release transcripts of your meetings? >> that was the agreement made with congress. i think it was a reasonable compromise. no other central ban

brave servicemen and women in harm's way day after day, week after week based on a steady diet of rosey statements that tell us everything is going well, progress is being made, conditions are improving and victory isality hand. on january 18th i had the privilege of sitting down with lu ten naent colonel daniel davis. he recently submitted every ports in both classified and unclassified versions to a series at the pentagon. i was joined by my colleagues congressman walter jones and john garamendi. we were not only impressd with lieutenant colonel davis's character o but the information and analysis he shared with us. simply put, the situation in afghanistan does not reflect the optimistic statements we repeatedly hear from high military officials and commanders on a regular basis. this week, a great deal of what lieutenant colonel davis told us has appeared in the media in an article he wrote for the armed forces journal, the nation's oldest independent military magazine and in "the new york times". lieutenant colonel davis talks about the difficulties of training the afghan police and

but it's not all rosey. there are still some troubling signs as well. business and technology reporter david lou tonight with the good news and the bad. >> first sign of recovery on the job front. 2012 silicon valley index says 42,000 jobs added in the past year. increase of 3.8%. that translates that 1.two million people working in 2011 nearly matching the 1.3 million in the work force prayer to the recession. start up back by venture capitol appear on the come back. venture capitol investments rose 17 percent last year totalling 7. 6 billion dollars. and there were 12 i p o. initial public offerings in 2011. compared to 11 in 2010 the and only one in 2009. while employment is up, income is down. the median silicon valley income is 86,000 dollars. down 3 percent from a year ago. while household making 100,000 or more are on the rise, up 7 and a half percent, there is concern over a nearly 4 percent decline in families making under 100,000. >> tech is not a big job generator any more because the tech we invented also eliminated whole classes of jobs. su