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Detailed text transcripts for TV channel - MSNBC - 20120504:20:02:00

the last month i was careful to say, you know, one disappointing month does not a trend make. well now we've got two, and the concern here is that there's been a deceleration of growth in the job market. we had a gdp number in the first quarter that was 2%. that's below trend. and so it shouldn't be unexpected that we just don't have the labor demand out there to generate the job growth that we need. and it's -- to me it's a policy problem that is amenable to actions that congress refuses to take. i can say more about what those are, maybe you share some of those ideas, maybe you don't. but the president and the american jobs act articulated good ideas that would make a difference, particularly on the public sector side which we've been hemorrhaging jobs month after month. >> peter, obviously where i would disagree with jared and i suspect you would, as well, is just that the merit of a lot of those ideas is a flea on a dog's

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