whether unemployment benefits should be extended and whether that unemployment check stimulates the economy, i don't know. >> mr. wayne rogers, let me take this point to you. let's not forget companies do pay taxes to fund unemployment. if this is supposed to be about job creation or helping folkses to get a job, companies, the private sector needs to hire them. they are not doing it, we are at 9.6% right now. >> the idea is, if you spend this money to not create jobs, but to create the need for jobs, that's what you want to do. any stimulus money should be not creating a job out of whole clot but to create the -- whole clothe but to create the need for a job, something that is going to make the positive impact on the economy as a whole. -- >> to your point sheryl the job producers the creators the employers have the money taken away from them. [ talking over each other ] >> it is not just taxes it is also the fact that some critics will argue and say if you keep somebody on unemployment they don't have motivation to look for a job. >> listen, i think this economy is so bad to take it out o

>> susie: the nation's unemployment rate remains stuck at 9.6%. how much longer will americans have to deal with economic pain? >> i think it will be a number of years. i think this is a long, slow climb out of a very deep hole that we've gotten ourselves into. >> tom: that's the sober outlook from a veteran fed decision maker. our exclusive interview with former federal reserve vice chairman donald kohn, coming up. you're watching nightly business report for friday, november 5. this is "nightly businininininn "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening everyone. some signs of life in the job market. american businesses were hiring last month. there are still many people out of work. the pick up in hiring was much bigger than analysts expected: the labor department said non- farm payrolls rose by 151,000 jobs in october. but the pace of job growth is not strong enough to bring unemployment down

if we did that, we could lincoln nate the unemployment -- we can eliminate the unemployment and welfare. but the problem is i think the 16th amendment changed that to where the government now gets all of the revenue from the taxes and have earmarks and spend it here and there and wherever they. . -- wherever they want. if we divided it evenly i think everybody would have a fair shake without having to worry about congress won't be getting mountain from lobbyists because the money is already going to be predetermined on where it will go. host: "new york times" lead editorial opt out i will laguna. texas and several other states are flirting wi the idea of dropping out of the medicaid program and trying to shift most of the burden of providing health insurance for the poor to the federal government. it goes on to say the idea originated with analysis at the heritage foundation, a conservative research organization in washington. they argue many states would be irresponsible not to drop medicaid in 2014 and direct poor residents to buy commercial insurance on new competitive exchanges wher

don't stay on unemployment long. they use it while they need it and get another job. the duration for unemployment, they just need it to get by. sometimes it goes longer than expected, particularly in an economy like this, where we have so much foreclosure crisis and so many hits to our economy. but you know what? people are looking for work. they are trying to do everything they can. they are doing the best that they can and this government of ours, which represents our people of, by and for the people should be there to extend unemployment benefits on an emergency basis when we have a job crisis like the one we have right now. and it's a shame and a national disgrace that this congress could not get 2/3 of the vote of this congress to pass unemployment insurance benefits. 150 people voted no. 150 members of congress voted no. and because they refused to step up to the plate and do what was right for the american people, two million of our fellow americans by january 1 are going to be going without and going to have

natacha braxton is one of the faces of long-term unemployment. she has been out of work for more than two years, and looks every day for a job in financial services. >> i get a call back every two weeks or so, you know, and then a second interview. but, then i get a response like they hired someone from within, or whatever the situation is. it's just been really ridiculous, crazy, unbelievable. >> reporter: braxton has been using the jersey city-based employment agency express to help her find a job. the agency's owner, deidra viney, says extreme unemployment is new for her firm, too. >> from our standpoint, it's tough sometimes to place them because now you've got a huge gap in your employment. when i'm sending out their resumes to my clients, they say "so what has she been doing for two years? know what i mean? are her skills fresh?" >> reporter: achuthan believes it will take an extended period of robust economic growth before we'll see significant hiring of the long-term unemployed. that's because firms only invest in retraining when there's

the second biggest stimulus to the economy is the unemployment benefits that we're paying.ple go out and they spend the money. they go out and they are to get by to everything from whether they're paying their mortgage or their rent or buying food or just getting by. it has a significant impact on economic growth and in a continuation of economic growth. >> democratic congressman gregory meeks of new york sits on the financial services committee and heritage foundation fellow ernest istook is a former republican congressman from oklahoma. congressman istook, the optics seem bad for the gop refusing to extend unemployment benefits on one hand, but wanting to extend the bush tax cuts for the upper 2% on the other. depend that discrepancy if it is want. >> what we want is for people to have jobs. not for people to be dependent. and remember the unemployment taxes are eventually bourne by employers as well as by the taxpayers. the circumstance here is that if we want the economy to do well, we cannot raise taxes on anybody right now. when you have the opportunity for taxes to s

but i needed unemployment benefits. i stood in a food pantry and it's humiliating, the entire experience. so the idea that we are going to allow americans, hardworking american families who earned their benefits to go home at thanksgiving and not know whether they're going to put a turkey on the table to feed their families, we should be ashamed if we allow that to happen. and i know that i am committed, my colleagues are committed to make sure that the american public understand that you need your unemployment benefits and that you want to work and that you worked before and you want to work again. and so i would say to all of those out there who would choose to not allow americans to put food on their tables to ask themselves who we are as a country and i yield. the speaker pro tempore: the gentlelady's time has expired. for what purpose does the gentlelady from california rise? >> to revise and extend and to address for one minute. the speaker pro tempore: without objection. ms. watson: madam speaker, as we continue

i think there are 8.5 million drawing unemployment right now.that doesn't include the 99ers, the ones who fell off the rolls a while back. >> and then more by march 1st{ fall off the rolls. jeanne reinman, we know it's the to some degree an invasion. we are deeply indebted to you about your time. i guess all we can do is wish you luck going forward. >> thank you, i appreciate that. >> thank you. good luck. >>> in the year and a half, that jeanne watched her savings drain away, the members of congress saw their net worth increase dramatically. in 2008 through the end of 2009, their wealth growing by an average of 16%. this is according to a new study by the center of responsive politics. while americans lost their jobs and home and savings and their kids' college education fade from possibility, congress watched it its number of millionaires increase, 49%. nearly half of them. 261 out of 535 are now millionaires compared to 1% of america. 55 of them, more than 10%, are worth $10 million. eight of those worth at least 100 million. the median wealt

sentences go's unemployment is holdings -- san francisco's unemployment is holding steady. supervisor maxwell: i would like to ask you to please find a seat, and if you could not, please go to the chamber. i see some empty seats in the middle there. thank you very much. please find a seat. supervisor avalos: san francisco's unemployment is holding steady at 10%. we are in the worst economic crisis since the great depression, and there are some neighborhoods that we know the unemployment rate is much higher than 10%. in view. in a black community, it is much higher. fortunately in the next few years, we have a great opportunity. the city is investing $30 billion in public works projects. we have a great opportunity to create new jobs. it is inevitable jobs will be created. tens of thousands of new jobs will be made available because the city is preparing our tax dollars into building a waste treatment plant, and use your system program company a new police command center south of market. there are major projects being planned in the next few years, especially the next five y

to people when unemployment was at this level. and your commentary said it all, really. i don't understand how people can say no to unemployment benefits and turn around in a week or so and be crying and winging around on the floor and saying that we have to give these tax cuts to people who make more than $250,000 a year. i mean it is absolutely insane if you're going to have a just society that the people on the top keep getting more and the people on the bottom you say, hey, too bad. you've been out two years, we paid you two years in benefits. you're done. that's simple not the american way. we have never treated in this society that way. >> and this -- and this vote today definitely tells the 99ers that there's no hope for them because if there's not going to be another vote on this and you're going to have the house -- is going to be controlled by the republicans who voted like this, this pretty much permanently slams the door on the longtime unemployed, doesn't it? >> well, you know, ed, i'm not quite sure because i think t

we should be extending the the unemployment benefits. but i think that it is important th on a tough call like this that the house republicans and spat republicans -- senate republicans take a tough stand. i really don't even think it is a party issue. i think both parties should be taking the same stance that we need to begin rein being in the deficit -- reining in the deficit and the only way is on the tough calls. there are a lot of important priorities and unemployment benefits is a priority. but you have to decide what things to cut as you do that. host: tell me what things should away cut it from the budget to pay for unemployment insurance? caller: i think it is good to ask each individual caller. but every american is not a budget expert on every. what weo know is that i think we need a balanced budget amendment and force the members of congress who work on all of these programs to make those tough choices. host: i'm not asking you to be a budget expert, but you have to balance the budget in your household, right? > caller: absol

republicans want to block unemployment maintaining unemployment benefits for the millions of unemployed workers that are going to see those benefits run out. at the same time, the republicans want to do tax cuts for the wealthiest in the country. we want the president to make those distinctions sharply because that will clearly win the message and help us governor the way we ought to govern. >> to what extent does that limit his ability to deal with these new republican house members? can he have it both ways? >> that's not giving people on the left what they're looking for. 80, 90% of the country, if it's a choice, maintain unemployment benefits rather than giving tax cuts to the wealthiest in the country. you know that the 90% of the country, the broad middle class has seen wages flat or worse in most of the last ten years. while the wealthiest 2 or 3 or 5 or 10% have done very, very well. so why do we give a tax break to those who have done so well and have our children pay for it. that's a good government, midding class, fight for people that aspire to the middle class thing. >> as

they are not going to change unemployment. that's going the wrong direction from the mandate. >> richard is groaning over there. >> first, i mean, the moment you heard doug say rollback health care plans, you know there's a political position or quasi political position. >> no, no. >> i disagree with that. this is bad law. >> it's a quasi political position you're taking in that respect. but the fact is to move to neutral territory, all those things he just suggested were not possible because of midterms now and the stalemate in washington. so the fed is the only game in town. if the fed doesn't do anything, things look a lot more risky. >> interesting thought. richard, thanks very much. this, of course, won't end any time soon. doug, thank you very much for clearing up your position and what this letter is all about. good to see you here. christine, we'll be back in a moment. >>> they preach fiscal responsibility but will they have the backbone when it toss to tackling the deficit. we'll talk with a tea party member and an ed

they would rather sit around and extend unemployment benefits, extend unemployment benefits.re's a better way and we can do it. >> congressman weiner, should the democrats force senators like mica to make that vote? >> i have to tell you, in what mr. mica just said, and if you were paying attention, he said let's not give a break to people who are looking for work, who have children who are potentially not going to have christmas this year, but let's figure out a way to lower the corporate tax rate. so they voted no on providing unemployment insurance for people who frankly are going to be probably pushed into medicaid and probably on to public assistance. >> a more expensive program than unemployment insurance. >> 100%. >> wait, wait, didn't you hear what i just said. >> let me finish my thought. the problem, that i believe is honestly what the republicans believe. sna they believe lowering corporate rates is more important to deficit spend on than a relatively small amount of money to extend unemployment insurance. that's what i think president obama is going to have to dea

9 percentage point unemployment rate.nd the top third has increased of two about 11% today. even -- up to about 11% today. even the healthiest states, unemployment is almost 7%. this is a little surprising in that the gdp, you might say, well, we are only about 1% down from the peak of three years ago. you might say, well, it is a bit surprising. on the other hand, you might say relative to your potential growth, we are 89 -- 8% or 9% bdown. overall we are about 6%. again, if you look at job losses in the very difficult states, almost 9% decline in jobs. these states very in terms of the unemployment rate. of course, it is arizona, california, florida, and nevada. but a number of states -- alabama, south carolina, oregon, tennessee. and as we have seen and has been discussed, a lot of this is driven by job losses in housing and construction and manufacturing. if you go from mid 2007 to mid 2010, again, u.s. jobs are down about 5%, 6%, and construction is down by about 30%. manufacturing jobs are down by 17%. and in the st

they say unemployment benefits spoil out of work americans. they get lazy and sit around the house and wait for their unemployment checks. those checks aren't that big in the first place an secondly, people don't like to be unemployed in this country. people look for work and they're looking for work and they're now being told, you've been out of work for two years, we don't want you, we want somebody who already has a job over here. some republicans question the constitutionality of the unemployment insunce program. the health and welfare of the american people is unconstitutional, according to some people. fortunately, the american people don't feel the same way. a recent poll showed that 86% of americans believe e unblowed really want to work. that's what the people think. that's not the political rhetoric of people running for election. but that's what the people really think. the election is over now and americans are havsaid, we want both parties to work together to get things done and do it by listening to the american people. americans

unemployment rate to drop by much next year.w, that's discouraging news for the millions americans that many of them are dealing with social and economic issues that could impact their lives for years. suzanne pratt reports. >> reporter: the great recession is technically over, but for single mom zandya acosta, it's still going strong. she's been out of work more than two years, and worries about the effect her joblessness is having on her teenage son. >> we're in the process of applying for high schools in the area and sending out applications for that process.úÑ and he said to me that he didn't think he was going to go to college. and i said to him, why? and he said because he didn't think we can afford it. so, it's kind of seeping into his head now, and that bothers me. >> reporter: it bothers a lot of economists, too.7Ñ they say if, as expected, the unemployment rate remainsá÷ e elevated for the foreseeable future, americans of all ages will be dealing with the fallout for years. the most obvious impact is to people's wallet

unemployment benefits will run out in a few days. therefore it's an emergency for the united states of america. and let me just indicate what's at stake here. through january 1 of next year, close to two million people will not any longer be eligible for benefits. and then a month later the amount almost doubles. this is an emergency. i received a call last night i was in my office at :30, and a person called from atlanta, georgia -- at 9:30, and a person called from atlanta, georgia, to thank me and to thank mr. mcdermott and to thank our party for bringing up this extension. i don't know what more any of us want. i don't see how we can go home for thanksgiving when as a result of failure of benefits hundreds of thousands of people may not have a turkey on their table because they can't afford it. and the next week may not have the moneys they need to meet their daily needs. this should be a bipartisan effort. this is a totally human effort. this is totally an urgent effort. these are people laid off, people who have been looking fo

unemployment conversation is a classical way to fight a recession.they can't spend and buy food and clothing and other things. what you do is to this put money money in the hands of people who are going to spend it. this is a republican double whammy. there were republican policies under george bush that caused this terrible recession. i think this is one of the coolest things i've seen. it illustrates how right-wing the republican has gotten with the tea party and others in control because you did not have unemployment compensation. it's a sad day for people in need. >> there was a similar vote earlier in the year. republicans also blocked. but look at the midterm elections. heavily in favor of republicans who now control the house. we just did an nbc poll that said most americans have positive feelings. 48% have positive feelings about the gop taking control of the house. we have 7 #% who believe little if anything will change. what's your response to those numbers? >> i think part of the problem is there hasn't been sufficient focus on those thin

we have today terribly high unemployment, long-term unemployment, which is of special concern, is now 30% of the unemployed. they have been unemployed for one year or longer. this is unprecedented in the united states all the wood has been very common in europe for many years although it has been very common in europe for many years. they're quite big differences. about 1/3 experienced only about a three percentage point increase. their on employment rates are up to about 7%. another 1/3 has increased about 5 points up to nine percentage point unemployment rate. the top 13 has seen almost a seven point increase in the hasployment rate -- 1/3 seen almost a 7-point increase in the unemployment rate. if you take the people who have been unemployed for 15 weeks or longer, the unemployment rate is almost 7%. this is a little surprising, in that the gdp -- you might say, well, we are only about 1% down from the peak three years ago. you might say, well, it is a little surprising. on the other hand, relative to our potential growth promote it may be either nine -- 8% or 9% down. overall unem

the best piece of news with the unemployment figures is the rise of the unemployment count but small businesses are still concerned at both the cost of the bureaucracy of taking extra workers on. what can the government do to help them? >> i think my honorable friend makes a good point. we have to make it easier on small businesses to take people on. the figures are good news. the claimant count is down 3,700 on the month. unemployment is defined by the ilo is down 9,000 and employment is up 167,000 on the quarter. we are helping small businesses by cutting the small business rate of corporation tax. we have the one in, one out rule so that regulations may be limited and we have a new enterprise capital fund to provide additional equity finance. we need to do all these things but i think more to help small businesses take people off the unemployment register and get them back in employment. >> harriet harman. >> can i join the prime minister of ranger mccormick of the royal irish regiment who died on sunday. his brave services in our armed services will be remembered. and i also join

regina likes to think that the bush tax cuts led to 10% unemployment. i've got news for you, the average unemployment rate during the bush years was lower than even during the clinton years. the unemployment rate skyrocketed because of the housing crisis which was basically caused by the cheap money out there. that was led by the fed and a democratic congress and-- >> in-- >> the stupidest thing i've ever heard. >> regina respond. >> what happened to the economy was led by wall street because the deregulation. >> led to wall street? how did wall street get access to that money. >> they failed to disclose the toxic assets on the book and created cheap money because it was-- >> regina. >> let me get back on track, gang and we've got to go back-- hold on regina. eric, it got to go back to jobs. >> it's got to. look, when you make a decision on hiring someone, on buying a piece of equipment, buying land, expanding your business, you do it on a five to ten year outlook. look forward. we do businesses, owned businesses, i'm not sure regina, if you have or not

. >> instead of working with democrats on extending unemployment benefits.veegt down voting down unemployment benefits for people with children -- >> they talked about the only thing they care about -- tax cuts. >> we ought to extend all the current tax rates. we made it clear what we're interested in. >> and after months of this -- >> hell no, you can't! >> the soon-to-be speaker said this -- >> it's a shame the majority in congress dependent pass the budget, didn't pass any appropriations. >> and even on national security -- >> president obama tall called in the cavalry today to try to get the nuclear arms treaty ratified. >> based on consultation are jon kyl -- >> jon kyl said there's no chance this treaty gets passed this year. >> the fight to repeal don't ask don't tell. >> that's a tough sell. >> the american auto industry is once again on the rise. >> republicans continue to attack the saving of general motors. >> we're talking about tens of ç thousands of americans who were punished. >> good evening from new york. i'm lawrence o'donnell. two days aft

the nation's unemployment rate stayed at 9.6% last month. the government is reporting this morning that the economy added 151,000 jobs in october. that is the most since may and more than economists expected. the education and healthcare sectors led the way in job creation. >>> later this morning, president obama will talk about the jobs report at the white house. in an exclusive interview with "60 minutes," he said he was disappointed with the midterm election results. >> i take personal responsibility for that. and it's something that i've got to examine carefully as i go forward. >> you can catch more of that interview on "the early show" starting at 7:00 this morning. >>> well, the space shuttle discovery might have to wait until next month for its final launch. nasa pulled the plug on the attempt because of a fuel leak. if the sunday launch falls through nasa will wait until december. weather not a factor in this case because it's beautiful there today. some technical delays. >>> 6:12. you not giants are the world series champs -- you k

it doesn't work. >> also unemployment benefits 99 weeks. that's nearly two years of unemployment.t's essentially another entitlement program. we have welfare. we have other programs that we can transition -- >> cuff look in the eyes of people going out every day looking for work? >> i have plenty of sympathy. i'm a free lance journalist. >> so the end of 99 weeks you're going to tell them we're cutting you off and that guy buying his third yacht gets a tax break? >> we have other forms of entitlement -- >> the tax cut can be seen as an entitlement in the sense it wasn't paid for -- >> taxes are just going to be -- politicians do not put that money -- they're just going to spend it. >> the argument at the time was at least in the 2000 election, the argument was gore lost partly because he said lockbox. and bush said it's your money, we want to give it back. gore said that's the most optimistic perception. we need to save this for social security. bush said we can give it back to you and the money is gone and social security is still in trouble and now you want to extend the tax cut

john: unemployment used to last 26 weeks. congress has extended them to nearly two years that does encourage dependency. >> it did encourage me to pass up job openings i could have applied for. john: how many? >> probably half a dozen. john: patrick berry lost his job writing software manuals. he says his 99 weeks of unemployment benefits led him to turn jobs down. >> that would amount to a pay cut. john: fresno, california, 17% unemployment. if people who run employment agencies tell us people turn down jobs all the time. >> we call them for a position and they say no thanks i'm on unemployment. people take advantage to work the system. if the state is going to give me money, why not take it? john: agencies say many people just pretend to look for work. because that's required to get your check. >> they are completely not dressed for an interview in shorts, flip-flops saying i want a job. they will come to the interview process and we know they are not going to work. >> maybe 2530% of the people that we are talking -- 25 to

and gets to the issue of how much is the benefit. >> unemployment insurance benefits go right back out into local economies through the businesses where workers shop. and so unemployment insurance boosts the economy and it's been vital throughout the recession. >> reporter: the california budget project says there are 15 million unemployed people nationwide and 3 million jobs available. >>> well, so your benefits run out ond your bank scatter dry. where do you turn? many go to sacred heart service. this morning it began handing out turkeys and boxes of food for families in need. the agency believes demand is up 10% over last year. it's not just the homeless and unemployed. some clients are former donors. sacred heart hopes to feed 4,000 this thanksgiving assuming they get enough turkeys. they are about 2200 short. you can help out by logging on to sacred hart.org. >> thousands of people stopped by for a food drive. this weekend's event netted food banks about 11,000 bags and 1400 turkeys. still not too late to pitch in. the person on the right is not a turkey. drop by your safeway and

unemployment is staying around. but what you also need to hear is that the government investments are often investments that are public- private ventures. small businesses, for example, are around the country have taken advantage of the opportunity provided by the federal government's to hire people in their community who are unemployed. the emergency fund, for example. without that tanf emergency fund money, we know that 250,000 people would not have been as readily employed. that is a great thing for small businesses, and that is why 2000 of them sent a petition to congress saying to keep this program going, don't let it die, bring it back. host: ryan tweets in, agrees with you. here is, though, an e-mail from a viewer. guest: i don't share that view. i share the view that we have a lot of challenges ahead of us, but a lot of opportunity. i suggest, for example, that when we take a look at what could be done with the expiring bush tax credit and taxes, that we do take advantage of the fact that the wealthy on thos

john: unemployment used to last 26 weeks.ongress has extended them to nearly two years that does encourage dependency. >> it did encourage me to pass up job openings i could have applied for. john: how many? >> probably half a dozen. john: patrick berry lost his job writing software manuals. he says his 99 weeks of unemployment benefits led him to turn jobs down. >> that would amount to a pay cut. john: fresno, california, 17% unemployment. if people who run employment agencies tell us people turn down jobs all the time. >> we call them for a position and they say no thanks i'm on unemployment. people take advantage to work the system. if the state is going to give me money, why not take it? john: agencies say many people just pretend to look for work. because that's required to get your check. >> they are completely not dressed for an interview in shorts, flip-flops saying i want a job. they will come to the interview process and we know they are not going to work. >> maybe 2530% of the people that we are talking -- 25 to 35

unemployment claims drop percentage wipes. so we feel good.ufacturing is back on track. >> appreciate it. let's go now to bob, the president of the auto workers. mr. king, i saw where you were quoted as saying today, a dramatically different company. how so? >> many different ways. one is the level of cooperation and involvement of our membership. the quality of management. tremendously global productivity of our plants. the great products we're providing to consumers. the level of involvement from our membership. today's ipo is just great for our members, both active and retired. >> am i correct in saying the uaw's hold is about 17.5% and if so, do you intend to -- >> technically, the it's viba and under the court decisions and court approved viba documents, we have an independent who makes the final decisions on when stock will be sold or not. >> i'd be remiss if i didn't ask you about blocking the extension of unemployment benefits. do you believe that at any point the perpetuation of unemployment benefits become a disincentive for individu

but the fact is we're still at 9.6% on the unemployment rate. one reason is because a lot of people that previously wanted to be in the workforce but had bowed out because the economy was so bad, they want to be back in. and so now they're being counted in these rosters. the other reason -- and this is the harsh reality here -- is it's going to take a lot more than 151,000 jobs being added to the economy every month in order to make a dent in the unemployment rate. it takes, lester, 100,000 jobs being added to the economy every month just to keep up with population growth. so, really, we're looking at needing 300,000 jobs to really start to see that 9.6% come down. >> also in these numbers we saw -- it looked like a pickup in temporary workers being hired. is that a sign of hope? >> reporter: well, it certainly is, because we know corporations really don't want to hire until they absolutely have to, until they really know there's some consumer demand out there. the fact that they're starting to hire temporary workers is indeed a very good sign.

if you raise taxes on them, you will stop unemployment-- you will stop employment, you'll keep unemploymentknows, elevated 10%. you can't do it right now. you can point your fenger at this the 5 or 10 billionaires that may experience higher rates. who cares, great. fantastic. small businesses will get hurt by this. >> small businesses are the ones who need the investments. 98% of small businesses owners would not be receiving these tax cuts that we are talking about. so, at theened of the day, i think voters, overwhelmingly said we've got to fix the economy, we've got to address this deficit and we cannot afford 700 billion dollars to give $100,000 tax cuts to millionaires and billionaires. >> can we afford not to. >> just using the math. say they took in the 700 billion dollars. that would shrink the economy by 770 billion dollars instead of increasing, raising the economy by 2.1 trillion dollars. look, she might hate billionaires and millionaires and all that, but fact is that 98%, those are people, individuals selling $5,000 worth of stuff on ebay, for crying out loud. toby is right, the

unemployment claim drops percentagewise by almost double. so we feel good. we feel like manufacturing is back on track but we certainly have a long way to go. >> governor granholm, many thanks for your time. >> you bet, thank you. >> go now to bob king the president of the united auto workers. mr. king, i saw where you were quoted as saying, it is today is a dramatically different company. how so, sir? >> well in many different ways. one is that the level of propration in involvement in our membership. the great quality that we're producing, working together with management, the tremendously global best productivity of our plants. the great products that we're providing to the consumers. the level involvement from our membership so it's exciting times and today's ipso just great for our membership, both active and retired. >> am i correct in saying that your current hold the uaw's hold is about 175%, and if so do you intend to exercise your right to sell any of that soon? >> well, it's technically it's veba and under the law -- under the court decisions and

. 265,300 children affected just by unemployment. as we address ways to improve the economic outlook on our country and discuss these tax provisions, we must recognize the impact the economy has on our children. mr. president, i'd end with a line from the scriptures. there's a line somewhere in the scriptures that says that a faithful friend is a sturdy shelter. it goes on from there to talk about how important having a faithful friend in life is. there are a lot of folks, politicians especially, who talk nonstop about helping children and the importance of helping our children, the priority we place on our children, the priority to protect our children from harm and to help them especially in recession. you've got to do more than talk. and if you consider yourself a friend to children, you would support an extension of the child tax credit. you would support other provisions like unemployment insurance that helps families like those families that have 265,000 children who are affected by unemployment in pennsylvania. so if you're go