| 00:00:05 |
Harleston, Robb - Host
IS WITH POLITICO AND WRITES ON FINANCE AND ECONOMIC ISSUES. HE'S YOUR TO TALK ABOUT THE JOB ISSUES -- THE JOB NUMBERS ANNOUNCED YESTERDAY. THE ECONOMY...
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| 00:00:46 |
Reis, Patrick - Correspondent
GUEST: THE ECONOMY NEEDS TO ADD UP -- NEEDS TO CREATE ENOUGH JOBS TO MAKE UP FOR PEOPLE COMING INTO THE LABOUR MARKET. THIS MONTH, WE FELL SLIGHTLY SHORT...
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| 00:01:21 |
Harleston, Robb - Host
THESE NUMBERS COME OUT, THE NUMBERS COME OUT, AND THERE IS AN EXPLANATION THAT THEY CAN BE ADJUSTED IN A MONTH OR SO DOWN THE ROAD TRIPS -- ROAD. GUEST:...
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| 00:01:36 |
Reis, Patrick - Correspondent
AS MORE DATA COMES IN, DEBRIS-ESTIMATE HOW MANY JOBS CAME IN, AND FOR DECEMBER, THEY WENT FROM 155,000 JOBS TO 196,000 JOBS. AND IN NOVEMBER, JOB GROWTH...
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| 00:02:13 |
Harleston, Robb - Host
JOBS, IS THAT A GOOD GROWTH NUMBER, AND WHAT IS NEEDED FOR SUSTAINED OR CONTINUED ECONOMIC RECOVERY? HOST: IT ISCALLERIT REASSURES GGUEST:
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| 00:02:33 |
Harleston, Robb - Host
IT REASSURES US THAT WE'RE NOT SLIDING INTO RECESSION. WHEN WE SAW THE POSITIVE NUMBER, WE THOUGHT, GREAT, WE'RE NOT SLIDING INTO RECESSION. IT IS NOT...
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| 00:02:57 |
Harleston, Robb - Host
WITH PATRICK REIS. IF YOU WANT TO GET INVOLVED, THE NUMBERS ARE ON THE SCREEN -- WE HAVE ADDED A SPECIAL LINE FOR FOLKS WHO ARE UNEMPLOYED, AND THAT NUMBER...
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| 00:03:52 |
Reis, Patrick - Correspondent
JUST WANTED TO MAKE A COMMENT. WE WERE TALKING ABOUT THIS UNEMPLOYMENT RATE. I WAS WATCHING THE SHOW YESTERDAY, AND THERE WAS A GUY TALKING ABOUT THE...
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| 00:04:51 |
Harleston, Robb - Host
HOST: TALK TO US ABOUT THE CONNECTION BETWEEN PRICE AND COST JOBS.
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| 00:04:58 |
Reis, Patrick - Correspondent
GUEST: THE CALLER MAKES AN ESTIMATE -- AN EXCELLENT POINT. THE NUMBER DOES NOT DESCRIBE THE QUALITY OF JOBS. WE HAVE OTHER METRICS -- AVERAGE HOURLY...
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| 00:05:48 |
Harleston, Robb - Host
LOOK AT THE JANUARY UNEMPLOYMENT RATE. THESE ARE NUMBERS WE GOT FROM THE BUREAU OF LABOR STATISTICS. YOU CAN FIND MORE OF THAT INFORMATION APPS -- AT...
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| 00:06:21 |
Reis, Patrick - Correspondent
TRANSPORTATION NUMBERS ARE DUE TO HURRICANE SANDY. IT SHUT DOWN MUCH OF THE EAST COAST. IT CLOSED A LOT OF SUPPLY LINES. PEOPLE WHO HAD PREVIOUSLY BEEN...
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| 00:07:03 |
Harleston, Robb - Host
LINE FOR DEMOCRATS. YOUR ON A "WASHINGTON JOURNAL." -- YOU ARE ON THE "WASHINGTON JOURNAL." CALLER: I WOULD
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| 00:07:15 |
CALLER, -
LIKE TO SAY IN 2010, THE REPUBLICAN HOUSE RAN ON THE CONCEPT OF JOB CREATION. HELLO?
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| 00:07:25 |
Harleston, Robb - Host
HOST: YES. CALLER:
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| 00:07:30 |
CALLER, -
IN 2010, THE REPUBLICAN HOUSE RAN ON THE CONCEPT OF JOB CREATION, AND AS SOON AS THEY GOT A MAJORITY, ALL THEY HAVE DONE IS TRY TO REPEAL OBAMACARE. THE...
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| 00:08:15 |
Harleston, Robb - Host
IT THERE. GUEST: REPUBLICANS HAVE
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| 00:08:19 |
Reis, Patrick - Correspondent
ARGUED THAT OBAMACARE WILL ACTUALLY PUT A DRAG ON OBAMACARE BY IMPOSING NEW MANDATES ON EMPLOYERS. THE COUNTER ARGUMENT YOU HEAR FROM DEMOCRATS IS THAT...
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| 00:09:11 |
Harleston, Robb - Host
NEXT CALL COMES FROM JIM IN CHICAGO, ILLINOIS. CALLER: I HAVE A QUESTION
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| 00:09:19 |
CALLER, -
AND COMMENT. WITH THE CURRENT JOB MARKET -- IT VARIES IN THE 7.8% RATE -- PEOPLE NOT ABOUT THE LONG-TERM UNEMPLOYMENT RATE, WHICH IS A BIG ISSUE. MY...
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| 00:10:02 |
Reis, Patrick - Correspondent
CALLER MAKES AN EXCELLENT POINT. AS WE LOOK AT THE CURRENT UNEMPLOYMENT PICTURE WE HAVE TO REALIZE THAT THIS SITUATION IS SOMETHING THAT'S GOING TO...
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| 00:10:48 |
Harleston, Robb - Host
CHRIS, YOU'RE ON THE "WASHINGTON JOURNAL," GO AHEAD. CALLER: YEAH, I
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| 00:10:52 |
CALLER, -
KIND OF AGREE WITH THE FIRST CALLER, BECAUSE EVEN IF THIS GUY THAT'S REPORTING THE ECONOMIC NUMBERS ARE CORRECT, WHICH YOU ARE NOT BECAUSE THE PEOPLE...
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| 00:11:52 |
Harleston, Robb - Host
WORK ARE YOU IN? CALLER: BELIEVE IT OR NOT,
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| 00:11:55 |
CALLER, -
I'M A TEACHER THAT DOESN'T SUPPORT ALL THE UNION STUFF GOING ON. HOST: PUBLIC
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| 00:12:01 |
Harleston, Robb - Host
OR PRIVATE?
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| 00:12:02 |
CALLER, -
CALLER: PUBLIC. HOST: CHRIS IN GRAND
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| 00:12:05 |
Harleston, Robb - Host
RAPIDS, MICHIGAN. PATRICK? GUEST: WHAT WE'RE SEEING
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| 00:12:08 |
Reis, Patrick - Correspondent
IS THE ECONOMY IS IN A BLEAK SPACE. THERE'S A DIFFERENCE BETWEEN THE STATE OF THE ECONOMY AND THE DIRECTION OF THE ECONOMY. YOU KNOW, WE'VE GONE FROM...
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| 00:12:38 |
Harleston, Robb - Host
IN THE "WALL STREET JOURNAL," THEY WRITE THAT THE LABOR REPORT RE-ENFORCED THE VIEW THAT THE ECONOMY IS GROWING AT A STEADY BUT EXCRUCIATINGLY SLOW PACE....
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| 00:13:24 |
Unidentified Speaker, -
I THINK IT BRINGS UP AN IMPORTANT POINT. OFTEN TIMES WE TALK ABOUT THE ECONOMY, AS IF EVERYONE TOGETHER IS IN ONE ECONOMY AND EVERYONE EXPERIENCING...
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| 00:14:03 |
Harleston, Robb - Host
TALKING WITH PATRICK RICE OF POLITICO, HE'S AN ECONOMICS AND FINANCE REPORTER FOR POLITICO. AND PREVIOUSLY, HE WAS THE MORNING ENERGY REPORTER AND HE...
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| 00:14:26 |
CALLER, -
MORNING. PLEASURE TO TALK TO YOU. HOST: GO AHEAD,
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| 00:14:32 |
Harleston, Robb - Host
JACK. CALLER:
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| 00:14:33 |
CALLER, -
I'M A TEACHER IN THE PRIVATE SCHOOL IN THIS AREA, BUT I WOULD DISAGREE WITH MY PREVIOUS CALLER. THE BIG PROBLEM IN OUR ECONOMY AS I SEE IT IS THE OFFSHORING...
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| 00:15:12 |
Harleston, Robb - Host
HOST: JACK IN NEW JERSEY. TO THAT WE WANT TO ADD THIS TWEET FROM KIKI WHO WRITES -- GUEST: I THINK FOR A LOT
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| 00:15:31 |
Reis, Patrick - Correspondent
OF PEOPLE WHAT THEY SEE IMMEDIATELY IS THIS EMPLOYER WHO USED TO OPERATE OUT OF MY TOWN OR CITY NOW OPERATES OUT OF A FOREIGN CITY. THE HOPE IS THAT...
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| 00:16:19 |
Harleston, Robb - Host
FROM PHOENIX, ARIZONA, SHE'S UNEMPLOYED AND IS CALLING AND IDENTIFIES HERSELF AS A DEMOCRAT. MARY, HOW LONG HAVE YOU BEEN UNEMPLOYED AND WHAT KIND...
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| 00:16:31 |
CALLER, -
ACTUALLY, I'VE BEEN UNEMPLOYED FOR ALMOST A YEAR. I WAS IN DETECTION FOR CREDIT UNIONS AROUND THE COUNTRY. I AM COLLECTING UNEMPLOYMENT WHICH IS GREAT...
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| 00:18:06 |
Harleston, Robb - Host
YOU GO, WHAT WOULD BE THE PERCENTAGE OF PEOPLE IN YOUR IMMEDIATE CIRCLE, FRIENDS, FAMILY, WHATEVER, THAT ARE UNEMPLOYED RIGHT NOW? CALLER:
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| 00:18:14 |
CALLER, -
OH, IN MY IMMEDIATE CIRCLE? HOST: YEAH, HALF, A
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| 00:18:17 |
Harleston, Robb - Host
QUARTER, THIRD? CALLER: IT'S ABOUT A
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| 00:18:20 |
CALLER, -
THIRD, ACTUALLY. I DON'T LIKE SAYING THAT, AND I KNOW IT'S BEEN MORE. IT'S ALMOST A CELEBRATION WHEN ONE OF US GET A JOB, YOU KNOW. HOST: MARY...
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| 00:18:33 |
Harleston, Robb - Host
PHOENIX, ARIZONA. PATRICK RICE, GO AHEAD. GUEST: I THINK MARY BRINGS UP
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| 00:18:38 |
Reis, Patrick - Correspondent
A LOT OF FRUSTRATION. HEARING A LOT OF ISSUES DISCUSSED IN WASHINGTON, AND WHILE THEY CARE ABOUT THOSE ISSUES, THEY WANT TO KNOW WHAT ABOUT THEIR EMPLOYMENT,...
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| 00:19:56 |
Harleston, Robb - Host
TAKE A LOOK AT FOUR TAKEAWAYS FROM JANUARY'S JOB REPORTS. WE GET THIS FROM "WALL STREET JOURNAL."COM, WSJ.COM. WE ALREADY TALKED ABOUT THE FIRST TWO....
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| 00:21:04 |
Reis, Patrick - Correspondent
POSITIVE SIGNS. WE'VE SEEN A BOOST IN THE HOUSING MARKET, WHAT'S EITHER PULLED US OUT OF THE RECESSION IS A BIG UPTAKE IN THE HOUSING MARKET. PEOPLE...
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| 00:22:11 |
Harleston, Robb - Host
HOST: WE CONTINUE OUR CONVERSATION REGARDING THE 157,000 JOBS ADDED IN JANUARY IN THE UNEMPLOYMENT RATE BACK NOW AT 7.9% WITH PATRICK RICE OF POLITICO....
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| 00:22:30 |
CALLER, -
YOU DOING. I'M CALLING FROM STATESVILLE, NORTH CAROLINA, AND WE GOT SOME BAD NEWS HERE. FREIGHT LINER WHO WAS IN CLEVELAND, NORTH CAROLINA, IS GOING...
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| 00:23:04 |
Harleston, Robb - Host
I THOUGHT YOU WERE DONE. GUEST: YES, IN THE SHORT
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| 00:23:08 |
Reis, Patrick - Correspondent
ANSWER IS YES. PART TIME JOBS ARE INCLUDED. IN FACT ALL YOU HAVE TO DO IS BE EMPLOYED OFFICIALLY ON A PAYROLL FOR ONE HOUR OF THE MONTH AND YOUR JOB...
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| 00:23:39 |
Harleston, Robb - Host
FROM CHARLES1944 WHO WRITES -- DOES THAT HELP A PERSON GET BACK INTO THE JOB MARKET REFERENCING WHAT HE HAD TO SAY BEFORE ABOUT BEING LONG-TERM UNEMPLOYED,...
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| 00:24:15 |
Reis, Patrick - Correspondent
IT'S DIFFICULT TO KEEP PACE WITH THE NEW COMPUTER PROGRAM THAT EVERYONE'S USING, THE OFFICE NORMS, IF YOU'RE OUT OF THE GAME SO TO SPEAK. I THINK, YOU...
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| 00:24:40 |
Harleston, Robb - Host
ON OUR LINE FOR INDEPENDENTS. YOU'RE ON THE "WASHINGTON JOURNAL," GO AHEAD. CALLER: YES, I
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| 00:24:45 |
CALLER, -
WOULD LIKE TO ASK A QUESTION ABOUT NUMBER ONE, WE HAVE SO MUCH UNEMPLOYMENT THERE'S NOTHING REALLY WHAT IS FULL-TIME. AND IN MY OPINION, INSURANCE COMPANIES,...
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| 00:26:05 |
CALLER, -
WE'RE GOING TO LEAVE IT THERE. GUEST: I THINK
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| 00:26:09 |
Reis, Patrick - Correspondent
PROPONENTS OF THE LAW WOULD SAY THIS IS EXACTLY THE INDIVIDUALS IN THE CIRCUMSTANCES THAT WE'RE LOOKING TO HELP. THIS WILL PUT THEM ON A STEADY, PREDICTABLE...
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| 00:26:35 |
Harleston, Robb - Host
REPORT WE'RE GETTING FROM WSJ.COM, TALKS ABOUT CONSUMER GROWING STRENGTH. THE IMPROVING HOUSING MARKET MAY ALSO FINALLY BE SHOWING UP IN CONSTRUCTION...
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| 00:27:19 |
Unidentified Speaker, -
DIFFICULT SECTOR TO COAX. THEY ARE MASSIVE, YOU KNOW, THEY SORT OF REQUIRE A LOT OF COMPETENCE IN THE FUTURE TO INVEST IN THE MAGNITUDE OF MACHINERY...
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| 00:28:15 |
Harleston, Robb - Host
WHO WRITES -- ARE THERE ANY PARALLELS? GUEST: THE HOLE
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| 00:28:46 |
Reis, Patrick - Correspondent
SISOURG SURROUNDING THE GREAT DEPRESSION ARE AN 80 YEAR DEBATE. -- THE THEY WILL SAY THE THINGS HE DID, HE SORT OF PULLED US RIGHT IN THE RIGHT DIRECTION....
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| 00:29:21 |
Harleston, Robb - Host
HAVE BEEN SOME FOLKS, PART OF THE ADMINISTRATION, PART OF THE DEMOCRATS THAT SAY INFUSING MONEY AND COMING UP WITH THESE STIMULUS PROJECTS WILL HELP GET...
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| 00:29:39 |
Reis, Patrick - Correspondent
DEFINITELY PARALLELS BETWEEN THE STIMULUS LAW OF 2009 AND WHAT F.D.R. WANTED TO DO. ONE MAJOR DIFFERENCE WAS WHERE THE STIMULUS SORT OF RELIED ON...
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| 00:30:36 |
Harleston, Robb - Host
THE PHONES, LADONNA CALLING ON OUR LINE FOR DEMOCRATS. GO AHEAD. CALLER: HI
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| 00:30:44 |
CALLER, -
C-SPAN. IF THE PRIVATE SECTOR ISN'T CREATING ENOUGH JOBS, THEN THE GOVERNMENT SHOULD STEP IN AND BE THE EMPLOYER OF LAST RESORT. WHY IS NOT THE JOBS...
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| 00:31:04 |
Harleston, Robb - Host
RICE. GUEST:
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| 00:31:05 |
Reis, Patrick - Correspondent
THAT GOES BACK TO THE DEAD LOCK WE WERE DISCUSSING EARLIER. IF YOU WERE TO ASK JOHN BOEHNER, HE WOULD SAY THE HOUSE HAS PASSED WHAT WE CONSIDER JOBS...
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| 00:31:43 |
Harleston, Robb - Host
OTHER. HOST: ON OUR LINE FOR INDEPENDENTS FROM NORFOLK, VIRGINIA, MARK YOU'RE ON THE "WASHINGTON JOURNAL." CALLER: GOOD MORNING,
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| 00:31:52 |
CALLER, -
GENTLEMEN. PATRICK, I JUST WANTED TO HAVE YOU COMMENT. EVERYONE WHO CALLED IN IS 100% CORRECT FROM THE FIRST CALLER MARK, HE WAS DEAD SPOT. YOUR WAGES...
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| 00:32:52 |
Harleston, Robb - Host
TALKS ABOUT THE ECONOMY BEING ON STEROIDS AND IN THE BUSINESS SECTION OF THIS MORNING'S NEW YORK POST, THEY'VE GOT A MOCK-UP OF THE FED CHAIRMAN SAYING...
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| 00:33:17 |
CALLER, -
LAST CALLER MADE AN EXCELLENT POINT AND SOMETHING CHAIRMAN BERNANKE WOULD KNOW AS WELL. THERE'S BEEN A REAL EFFORT TO GET AS MUCH MONEY PUMPED INTO...
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| 00:34:11 |
Harleston, Robb - Host
FULL EMPLOYMENT, PATRICK RICE AND WHAT ARE THE SIGNS OF FULL RECOVERY? IS THERE A NUMBER OF UNEMPLOYMENT THAT SAYS THIS IS WHERE WE'RE AT? THEY'RE GOING...
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| 00:34:29 |
Reis, Patrick - Correspondent
TRADITIONALLY BEEN A NUMBER. THERE'S SOME QUESTION OF IT. YOU DO WASN'T SOME PEOPLE TO BE UNEMPLOYED, NOT BECAUSE YOU DON'T WANT THEM TO HAVE JOBS,...
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| 00:35:24 |
Harleston, Robb - Host
THIS MORNING, JANUARY JOBS AGAIN IN U.S., OR JOBS GAINED RATHER IN THE U.S., 157,000. WE GO TO PETE IN LAKELAND, FLORIDA ON OUR LINE FOR DEMOCRATS....
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| 00:35:38 |
CALLER, -
CALLER: HEY, TOP OF THE MORNING TO YOU GENTLEMEN. I KNOW YOU TOUCHED A LITTLE BIT ON DOWNSIZING. I MEAN THE MICROSOFT, EXCEL FORMAT, MAKING EVERYBODY...
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| 00:36:20 |
Harleston, Robb - Host
YOUR RESPONSE TO WHAT HE HAD TO SAY. GUEST: IF HE'S ARGUING
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| 00:36:25 |
Reis, Patrick - Correspondent
WE'RE ON THE BRINK OF A SOCIAL REVOLUTION, IT WOULD SEEM TO ME THAT, I CAN'T SEE IN THE FUTURE AND I DON'T WANT TO SAY HE'S WRONG, BUT WE'VE BEEN ENDURED...
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| 00:37:28 |
Unidentified Speaker, -
NEXT CALL FOR PATRICK RICE OF POLITICO COMES FROM JEAN ON OUR REPUBLICAN LINES. CALLER: MY QUESTION IS, IF
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| 00:37:40 |
CALLER, -
WE HAVE SUCH HIGH UNEMPLOYMENT NUMBERS IN AMERICA, WHY ARE COMPANIES, ESPECIALLY FOREIGN-OWNED COMPANIES, ALLOWED TO BRING IN EMPLOYEES ON VISAS ...
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| 00:38:21 |
Harleston, Robb - Host
RICE. GUEST: I'M FAR FROM AN EXPERT
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| 00:38:23 |
Reis, Patrick - Correspondent
ON IMMIGRATION POLICY, BUT THE LAW GENERALLY STATES BEFORE YOU CAN HIRE A FOREIGN WORKER YOU HAVE TO PROVE THAT A DOMESTIC WORKER WAS UNAVAILABLE TO...
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| 00:38:51 |
Harleston, Robb - Host
SITTING ON THE SIDELINE AND I'M UNEMPLOYED WHAT SHOULD I BE LOOKING TO HAPPEN IN CONGRESS BETWEEN THE CONGRESS AND THE WHITE HOUSE IN THE NEXT SIX...
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| 00:39:05 |
Reis, Patrick - Correspondent
ON YOUR POLITICAL PHILOSOPHY. IF YOU BELIEVE THAT MORE GOVERNMENT INVESTING WILL WORK, THAT'S PROBABLY NOT GOING TO HAPPEN. IF YOU BELIEVE A MASSIVE...
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| 00:39:45 |
Harleston, Robb - Host
COVERS ECONOMICS IN THE FINANCIAL SECTOR FOR POLITICO AND HAS BEEN OUR GUEST FOR THE PAST 45 MINUTES. THANK YOU VERY MUCH FOR BEING ON THE PROGRAM....
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| 00:39:54 |
Reis, Patrick - Correspondent
ME ON. HOST: NEXT, WE'RE GOING TO
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| 00:39:56 |
Harleston, Robb - Host
BE TALKING WITH ANDREW CAMPANELLA ABOUT NATIONAL SCHOOL CHOICE WEEK AND THE EDUCATION OPTIONS AVAILABLE TO STUDENTS ACROSS THE COUNTRY. AND LATER...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.