>> you were negative and then you got -- guys, zandi is making sense. look like zandi. >> but -- >> adp now. >> one thing i would say is remember the seasonal affect did not kick in yet. last -- the last year at this time remember was that jobs report that came in at zero. that was late rear vised up to plus 100 but if you get that positive seasonal thing it would be starting next month and the month after. >> i will tell you only a few industries have lost. it seemed to be in the goods producing sector which is at odds -- >> construction is up 1,000. manufacturing minus 15. temperate health down five all the rest up in a mid lg way. >> we lowered the last two months too. is he answering his phone? did you try to call? he's got a cell phone. joe will answer. >> he will come onchts. >> have you tried to call him? >> i have not tried. a stand up guy behind his numbers. >> participation rate, guys, i know we talked about how disappointing it is but the participation right at 63.5% is the lowest level in 31 years. people either stopped looking or stay in sc

coming to us with easy to understand answers to complicated issues is mark zandi.is the author of new book "paying the price - ending the great recession and beginning a new american century." mark welcome back inside "the war room". >> i feel like i have to take a test. what is going on? >> you are going to do some splaining for us. >> i thought my test days were over. [ laughter ] >> jennifer: let me get to an issue from today. because we have issue -- we have an issue with today's housing numbers. according to any -- the national association of realtors sales jumped last month. and according to the commerce department construction of single-family homes jumped. so are we finally recovering from this housing bust? >> yeah. the housing crash is over. housing is improving. the numbers are still low by historical standards. we're just off bottom, but we're moving in the right direction and thank goodness. we're going to need the growth coming out of the housing, because other parts of the economy are quite soft. so it is very, very encouraging. >> jennifer: that is

mark zandi, chief economist at moody's analytics. up next, win the presidency, take back the house, keep the senate? we'll see how we're doing on the senate after the break. ♪ membership. welcome in. american express. we've all had those moments. when you lost the thing you can't believe you lost. when what you just bought, just broke. or when you have a little trouble a long way from home... as an american express cardmember you can expect some help. but what you might not expect, is you can get all this with a prepaid card. spends like cash. feels like membership. >> jennifer: all right you progressive political junksies as mitt keeps being mitt and the president keeping being the president, i'm feeling pretty good. but democrats have a 53-47 advantage in the senate. republicans only need to pick up four seats to win the majority. there are 15 races that are toss ups or leaning toward one party. here is the lay of the land in the 15. the first race -- these are polls that came out today. elizabeth warren and scott brown. today she

economist mark zandi of moody analytics. bob woodward, author of "the price of politics" and hendrick smith, author of the new book "who stole the american dream?." it's all ahead on "face the nation." captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. >> schieffer: and we welcome now to the broadcast new jersey governor chris christie. governor, thank you for being here. governor i have to start off by saying i don't hear very many republicans these days who think mitt romney is doing very well. what's your take here? >> well, he's had a tough couple of weeks. let's be honest. i'm not going to sit here and come on this morning and sugar coat the last couple of weeks. they've been tough. but here's the great news for republicans -- we have a candidate who is going to do extraordinarily well on wednesday night. the first time he has the opportunity to stand on the same stage with the president of the youth, and the first time the majority of the people who will vote in this race wil

still to come, mark zandi gives us his predictions for qe-3. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. >>> here will your headlines. shares in aed and bae sinking as analyst cite a bumpy ride ahead for the aerospace sector. >> tensions flare up in the middle east as yemeni protesters storm the embassy after the killing this benghazi. >> and to qe or not to qe. the central bank looks to provide a fresh boost to the u.s. economy. >>> and asian central banks holding pat ahead of that fed decision. a very good morning to you. news that yemeni protesters have stormed the complex of the u.s. embassy

mark zandi, it will be a great show.t starts at 10:00 eastern and 7:00 pacific. >> eliot: amazing show. mark zandi has better numbers on the economy than anybody else out there and who knows what october brings. you're right this race is not over. we'll be watching. >> thanks. >> eliot: more "viewpoint" coming up next. >>we will not settle for the easy answers. [ ♪ theme music ♪ ] >> eliot: give mitt romney credit, i suppose, for doubling down. perhaps he had no choice. even the master of etch-a-sketch couldn't erase the content of his dismissive tone towards the 47%. so embracing it became the strategy. put aside the factual errors about who pays and who doesn't. we dress those last night. even the question whether the 47% might still support romney, there's much interest about that question in the media today. i want to thank romney for defining what this race is all about. in his clarifying statement yesterday and today romney has squarely said he oppose government that redistributes and he has repeated to the point o

mark zandi, always good to have you. thank you, sir. >> thank you. >>> still ahead, we'll get team oba obama's take, plus -- >> it's my great honor to place into nomination for the office of vice president of the united states, my father, my hero, joe biden. >> vice president's son. b beau biden. he's here next speaking of political families, we've got a rare friday election result for you as the kennedies try to send another generation to capitol hill. mitt romney's schedule, they're both going to iowa and new hampshire today. but they're going to crisscross and their planes may pass in the day. maybe they somewhere over south bend, indiana. you're watching our last special edition from charlotte. we'll be right back. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinkin

thank you both, austan goolsbee and mark zandi, what a pleasure. >>> coming up next, are the centraling the world or making things worse? >>> and later we'll get ron paul's take on the latest move by the federal reserve, an institution that he calls dishonest and immoral. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. why? i thought jill was your soul mate. no, no it's her dad. the general's your soul mate? dude what? no, no, no. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a killer investing dashboard. everything is on one page, your investments, quotes, research... it's like the buffet last night. whatever helps you understand man. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the e-trade 360 investing dashboard. starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two ale

zandi says sellers are getting leverage out there.finance it's always about qualifying. make sure you've got enough saved for a down payment and a strong credit report and score. so you want to make sure you've got all of that together before you go ahead and take the plunge and refinance. >> that qualifying is a bummer. imagine if apple were to build homes, goodness. alison kosik, thank you. >> sky's the limit. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. i i had pain in my abdomen...g. it just wouldn't go away. i was spotting, but i had already gone through menopause. these symptoms may be nothing... but they could be early warning signs of a gynecologic cancer, such as cervical, ovarian, or uterine cancer. feeling bloated for no reason. that's what i remember. seeing my doctor probably saved my lif

economist mark zandi of moody analytics. bob woodward, author of "the price of politics" and hendrick smith, author of the new book "who stole the american dream?." it's all ahead on "face the nation." captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. >> schieffer: and we welcome now to the broadcast new jersey governor chris christie. governor, thank you for being here. governor i have to start off by saying i don't hear very many republicans these days who think mitt romney is doing very well. what's your take here? >> well, he's had a tough couple of weeks. let's be honest. i'm not going to sit here and come on this morning and sugar coat the last couple of weeks. they've been tough. but here's the great news for republicans -- we have a candidate who is going to do extraordinarily well on wednesday night. the first time he has the opportunity to stand on the same stage with the president of the youth, and the first time the majority of the people who will vote in this race wil

moody's chief economist mark zandi. you all have a great night. >> welcome to the young turks is the campaign over. >> good evening, i understand there is a video that has been on the internet for a few weeks that has attracted some attention. >> and the man who found that video in the first place. jimmy carter's grandson. he's on the show later today. and who is the man who held that fun razor for mitt romney. >> it was secretly recorded at $50,000 a plate fundraiser at the boca raton home. >> in the united states, outstand. >> wait until you find out about the sex party. that's the good part. that guy also killed friendly, the ice cream place. i'm coming for him. then later the man who broke the story on how much the government is spying in on all of us. >> the restaurant change shut down 63 locations along the east coast, including five in western mass after filing for chapter 11 bankruptcy. >> you might be shocked at how much the government is spying in on us. plus at the end of the show, the elbow of the day nothin

. >> i want to focus on the president's plan according to mark zandy, chief economist at moody, it would create 1.9 million jobs and economist by bloom burg it would create er of that and a eighth of that. that is it about a 100,000 jobs a month or less. and that is not near keeping up with the population growth. the point is that they are making. it doesn't solve the unemployment problem at all you would be hard pressed to find anybody who says increasing taxes on the wealthy it is not going to jump start the economy. >> first of all. that is 100,000 on top of the growth we have. we are already creating on a average of 100,000 jobs a month. we are talking about on top of that. and most of the folks and all of the analyst suggested it is something we need to do. it is a short term plan and also a long-term plan. the president has a plan that reduces the deficit four trillion over the next decade. and still allow foreign investments in those things that we need to grow the economy. >> chris: david, david, let me pick up on that. >> guest: it is clearly, clearly, you should go with the per

moody's analytical chief analyst mark zandi written the book "paying the price" on a new job obsession which is optimistic that we'll create new jobs. i'm big on optimism, we don't see enough of it. the national budget office predicts the economy will create 9.6 million jobs in the next four years. that is higher than what we've seen in the last 12 years. you are on the side of this idea of 12 million jobs in the next four years regardless of who becomes president. and you make an interesting observation, that housing is going to drive it. >> i think you should start shopping for that dress, ali. i think it's very doable we hit 12 million. austin is right, over the past year we created -- and the year before that we created 2 million jobs in each of those years, and it's obviously in a very tough economy and it's in a period where government is laying off lots of workers, and that's not going to continue for four years. a year or two down the road, the government is going to stop laying off and start hiring again. so that will add a little bit of juice. the real kicker is the housing a

according to mark zandy the chief economist at moody's it would create 1.9 million jobs. according to a survey of of 24 economists by bloomberg it would create a quarter of that, 250,000 jobs, actually an 8th of that. that is about 100,000 jobs a month or less which is no where near even keeping up with the population growth. the point is that they are making is that this doesn't really solve the unemployment problem at all and i think you you would be hard pressed to find anybody that would say increasing taxes on the wealthy, it may be a good answer for the deficit but isn't going to jump start the economy. >> will, first of all, that is 100,000 on top of the growth we already have. we are already creating on the average 100,000 jobs a month. so we are talking about on top of that. but in most of those folks -- all of the analysts suggest that it is something that we need to do. we need a short-term plan but also need a long-term plan. the president has a plan that would reduce the deficits by $4 trillion over the next decade according to the congressional budget office

moody's chief economist mark zandi. you all have a great night. on "viewpoint." >> eliot: good evening i'm eliot spitzer. this is "viewpoint." when a presidential candidate is forced to leave a scheduled fund-raiser for an impromptu news conference, it can only one mean one thing. trouble. >> good evening. i understand there is a video that's been on the internet for a few weeks that has attracted some attention and i thought i would make some comments about it. >> eliot: that was mitt romney last night after mother jones posted video excerpts of his of its web site of romney taking questions from potential donors at a private $50,000 a plate fund-raiser may 17th at the florida home of private equity manager mark leeder. we played part of the tape monday. we're going to play a lot more of it tonight starting with the most controversial excerpt. >> there are 47% of the american people who will vote for him no matter what. they believe they're victims who believe government has a responsibility to care for them. who believe they're entitled to healt

obama has a jobs act that john mccain's economic adviser, mark zandi, said would create 2 million jobsas a very clear economic plan. so what we get from republicans is incoherence, contradictory positions. what you get from democrats is a clear plan that even leading republicans say will create jobs. >> dana, in that same interview romney repeats the anti-climate change line from his convention speech. take a listen to this. >> the reason i'm in this race is to help people. i'm not in this race to slow the rise of the oceans or to heal the planet. >> ha, ha, ha, ha, ha. day nashtion the president rightly points out the floods and wild fires created by climate change are not a joke, so why does mitt romney repeatedly say this kind of thing? is he so desperate to hang onto the gop base that he has to? >> well, it does seem at times that the sea of self-contradiction is rising up to romney's chin here and he has been at various places on global warming leading among many other issues here. it's the old dance that he's still not exactly confident in his base. he's doing better. the paul ry

mark zandi, chief economist says it's going to happen no matter what. who is president, the economy is going to generate 12 million jobs. it's not a high bar. he added that a high bar would be shooting for 12, 14 or 15 million jobs in the next four years. the obama campaign cited analysis when we asked them about this. the congressional budget office, the gold standard of nonpartisan economic analysis, it believes less than 10 million jobs will be created in the next four years, and senior managing director of macro economic adviser says 12 million isn't outside of the realm of possibility, but it would require getting the economy back to full employment by then. that means jobless rate would need to drop to about 5.5% by next year. really interesting. could it possibly possible? it's possible. is it feasible? that's the question. mitt romney says it's his policies that will make it happen. but we don't in some cases know what those policies are except cutting tax rates and balancing the budget. >> and economists all over the place with their estimates.

but we don't have to take mark zandi's words for it. we don't have to take the words of all the other reputable economists. we don't even have to take the congressional budget office's word for it, although we here in congress, the c.b.o. sort of exists for us to take their word for it. but we can just ask jamie cecil and sheila. this is jamie working on the duluth lift bridge a couple years back. this is cecil. he's working on a highway extension project. let's give cecil his due. cecil is working on a highway extension project in brooklyn park in suburban twin cities. then we have sheila. this is her in front of her bobcat working on the night shift on an i-94 improvement project. these are people that are put back to work by the stimulus despite claims by some that the only jobs created by the stimulus went to government bureaucrats, you'll notice that jamie, cecil and sheila are not in fact government bureaucrats. thankfully, we do not let government bureaucrats operate heavy machinery. so what can we say about president obama's app

this is work that was done by allen blinder, former vice chairman of the federal reserve, and mark zandi, who was one of the economic advisors to john mccain in the last presidential race. mr. president, so when we go back to this question, "are we better off now than we were four years ago?" i think the answer is unequivocally yes, we are dramatically better off than we were four years ago. now, if you're one of the people who is still unemployed, you don't feel better off. i understand that. that's dreadful. that is painful. and it's painful in every way. not only does it hurt in the pocketbook, but much more than that, it hurts the way you feel about yourself. it hurts the way you feel about your role in your family. and so we've got lots of work to do. but if we're going to be honest with people about comparing where we are today and where we were four years ago, there really can be no serious question about the answer to that question. here the economy in fourth quarter of 2008 -- that's the last quarter of the bush administration -- was shrinking at a rate of almost 9%. now the eco

mark zandy is not necessarily the person to call but there's a hundred people, the arm that has a lot of economists who do the modeling trying to work on the issues, and there's one based in st. louis that's fairly trustworthy, and there's a number of others. depending on where you are you'll find in most cases bank economists tend to be ph.d. economists not trying to spin you, but trying to spin something else. be careful about that, but whether you look at it, there's plenty of economists who walk through the issues if you're looking for a particular view point. wells fargo does analysis of every state in the country and does a fairly good one that i've seen that you can probably get some more granular detail on how budgets affect a particular state. >> another question? i want to get as many as we can. just a few minutes left. >> a follow-up was i understand how to get a local story, but i think sometimes we pretend every dollar lost is a bad loss. i'm trying to understand how you evaluate when a cut actually matters. you talked about defense, and so much of the money is just blown