Detailed text transcripts for TV channel - CNN - 20100708:10

Detailed text transcripts for TV channel - CNN - 20100708:10:45:00

>> i think that's a ridiculous thing to say at this point when we have five people that are unemployed for every job opening. so, for instance, there is proportionately as many college graduates that are long-term unemployed and getting ui as any other people. they make roughly $1,000 aids week. do we really think that getting $300 or $400 in unemployment benefit, they're taking a longer vacation? in surveys of the unemployed, we see that these people are downsizing, moving in with friends and families. borrowing money. putting off medical care. spending down their savings and retirement. these are people that are desperate. if someone, one person is not taking a job because they're waiting, there is somebody else on unemployment insurance who will probably be taking that job. or 25% of the unemployed who don't get unemployment benefits, they're going to take the job. this is not raising the unemployment rate. plus that kind of analysis

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