Page 10 - Muddling Through News Today

Much as you think. mary, the economy seems to be -- the stock market loved this. they blew out the next day and based on the prospect something would get done. how long go market is recovering. the economy and job market still not great, 155,000 new jobs, but the economy does seem to be doing okay. >> i think that is probably okay. the economy will do okay. but when you have an unemployment at 7.8% and really stubbornly not budging, you want to do something that something more for the economy th...

Soft on terrorism, and he escalated this drone campaign and really in a cold-blooded way. in the white house i think they have been trying to figure it out. they are muddling through this policy, muddling through what the law allows them to do, muddling through a conflict between i think wanting to show the president as being very tough and unflinching on terrorism. at the same time, i picked up in my reporting a little bit of squeamishness about that "new york times" story that showed him check...

Unemployment rate if we go over that cliff. everybody is trying to avoid it. its caught up in election year politics. >> what happens? >> its a political dynamic. normally in congress, if congress does nothing with gridlock, things carry on muddling through. today, we have almost for the first time a situation where if congress does nothing and gridlock continues, we go off that fiscal cliff and the numbers are very scary. bob came out this morning saying 3.5% to 4% hit to gdp going off the fisc...

And kind of muddling through. >> imogens got a question. >> so the euro has just seen its tenth anniversary. long-term, do you see it having its 20th anniversary? >> yeah, but it could be, like a lot of people we know whose 10-year anniversaries were perfectly happy, and along the way, theres a lot of fighting and threats of divorce, lawsuits, broken silverware, things like that. i think its a fools game to try to predict, you know, five years out or ten years out in the economy today. so i woul...

And kind of muddling through. >> imogens got a question. >> so the euro has just seen its tenth anniversary. long-term, do you see it having its 20th anniversary? >> yeah, but it could be, like a lot of people we know whose 10-year anniversaries were perfectly happy, and along the way, theres a lot of fighting and threats of divorce, lawsuits, broken silverware, things like that. i think its a fools game to try to predict, you know, five years out or ten years out in the economy today. so i woul...