Detailed text transcripts for TV channel - CNN - 20101207:19

Detailed text transcripts for TV channel - CNN - 20101207:19:05:00

be better than everybody paying more tax. what has to happen to get us to economic growth and how much more economic growth will we need in 2011 to change the landscape of how our economic future looks? >> i mean, i think we have to get gross domestic product above its current rate of growth, which is around 2.5%. economists generally agree if you're at that level the best you're going to do is keep the unemployment rate constant. let me refer you and your viewers to a number of analyses. these are not our analyses but outside analysts of what this framework will do in that regard. the center for american progress, mark xandi among others. i hear microeconomic advisers revised their forecast based on this. i know you guys are good at collecting that data so i encourage you to do so. what you will see is through a 2% payroll tax cut tell prayer because of deficit reasons, because of the ui extension, because of some of the tax

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