the government, and it does not work. we have a i here unemployment rate, and conversely when robert reagan faced this problem, he cut taxes, and we had a strong expansion. >> well, put it in perspective, when you were secretary of labor for the clinton administration, what was the unemployment rate? >> well, it started out quite high at 7%, but it cut down fairly fast, and the reason, wolf, is because the recession that started just before bill clinton's administration was mild recession. what we have is nothing like the previous recessions. it is not caused by the boards yanking up the interest rates, it is because of a asset bubble that exploded, the housing bubble. anybody who has been following the news and experienced what is going on, on main street knows that we cannot simply use the,