you didn't know you would be nominated here. >> terrible, terrible idea. at the top of the show it's either 12.9 or maybe even higher. how serious is this embedded structural problem? >> the unemployment problem is enormous. it's terrible. that does terrible, terrible harm. structural has a very specific means. it's a term of art. structural means it's unemployment that you could not solve just by increasing demand, that you have unemployment that even if the federal reserve prints a lot more money we have people who are unemployable.