not a good trendline.t's worrisome and workforce participation dropped down 63.7 which over a period of two or three years really has a huge impact on wealth accruing to the middle class. >> the trend is not in the right direction. that was surprising that the size of the labor force went down. that's a worrisome factor and needing more job creation to combat that. there are some underlying troubles here. but the private sector is adding jobs at a decent pace to stay where we are, which is frozen in a slow-growth economy, not moving fast but not going backwards. >> eliot: if the public sector had been keeping jobs or adding jobs as traditionally would have in a period of significant recession, then the unemployment rate would be significantly lower and we way is a hey things are not so trouble right now. >> that's an argument that the administration has made when responding to teachers, others, a traditional way to deal with recession, spend a lot of government money and hire more government workers. we di

the desires in order to deal with the losses can the vulnerabilities but if you are careful to trendlines and say they are often struggling themselves how much are they willing to get the realize that times it is a blessing and curse. there'll be a lot of tools a little kid that serve me well. >> when you went to the naval academy were there any restrictions put on your point of view on which you could talk about? >> not at all and i very much celebrated that and was happy. it was respectful in the way that any university accepted their customs. in fact people don't realize that the naval academy the best officers lost their midshipmen to say no when they get in on lawful order. they want them to protest the unlawful order or the on ethical and unreasonable behavior. they want them to be the messenger that takes it up but they could cost you. it shouldn't come likely. you shouldn't fret about whether can you keep tupperware in your locker or square in the corner yelling this or that eating six bytes and then spit out some great campaign trip to get that you are required to learn and resid

look, if you look back at six- to nine-month time period, it's not something that you can draw a trendline, but you have about 150,000 net jobs per month, which is okay, but it isn't make a real dent in terms of the unemployment rate which is hovering above 8%. you walk into the oval office and do one thing or two things and really begin job creation, what would they be? what is left in the arrest arsenal and what levers can be pushed? >> on the policies levers there is not much that you can do right now we know that. there is no secret to the jobs numbers. they're tied to how fast the economy overall is growing. we saw the unemployment rate come down at a pretty significant clip at the ending of last year and beginning of this year, we grew about 3.5%, and then slowed down because of events in europe predominantly and so the jobs numbers get bad. hopefully this is a sign that we're getting the growth rate up. i think everything that you can do to transition the economy away from bubble-based growthers which is what we had. consumer spending and housing construction, which is not con stain

that trendline spells disaster for the republican party. and put aside the political outcome, it speaks to the lack of understanding of what the public really wants. >> well, number one on the issue of immigration when it came to george bush, he sent two of his cabinet members down to the congress of the united states to pass comprehensive--we have to give him that. and mccain while he reversed his position, he had progressive position. this is the most extreme republican nominee that we have had in our modern history. the most extreme is this one and he expects to do better. he's going to do bad because if you want to open to the mind of the latino immigrant community first you have to open their hearts so they'll live to you. but if you're going to be mean to immigrants, they shut you down on economic issues and a whole host of other issues. they're not going to listen. permanently shutting down the door. >> eliot: some of the difference that you alluded to, rick perry he did a heart. george w. bush, there was a decency to him and on this

that is a trendline he can't sustain. given the choice between that and having a fight over medicare, mitt romney would rather have a fight over medicare because that is a serious big issue. not just barack obama and the democrats incinerating mitt romney's personal character in the most and i want to emphasize this the absolutely most neglect gentlemantive campaign ever conducted by an incumbent presiden president oe united states. >> we have been talking about the super pac ad that seems to say mitt romney was in control of bain and they shut down this it company and this guy got fired and the wording sounds like a short time later his life died because they didn't have life insurance. romney wasn't at bain when that happened. he lost his health insurance she still had hers and years later tragically she did pass away. parties usa, the super pac, not the campaign responsible for that. it created a certain tone in this campaign. debbie wasserman schultz was on "fox news sunday" and this is what she had to say about prior

compared to the trendline and where we were, and where we could be, we are in normal recovery would've taken us today. we are in very bad shape. and much weaker than we could be moving forward. reagan focused on getting economic growth, job creation, and that sense that he was always focused. yet one hand out here holding the soviet union at bay, biking at grenada, whacking at the various proxy wars but he was always looking us in the eye and always focus on domestic politics and explain to the american people he is focused on their concerns while keeping the bear at the door. the alternative is to walk outside and spend all your time arguing with a better, and convince people you are not focus on what's important to them. and since we have elections every two years there's a cost to the. the republicans lost the 2006 election, not because the economy was a problem. the economy was growing very strong in 2006 into 2007. people were unhappy, independent, swing voters were unhappy with the occupation of iraq and afghanistan. not necessarily knocking off the taliban or knocking off saddam