And tonight we have a surprisingly good report on the unemployment jobless rate goes down at 7. O as 203,000 jobs were added but how good was their real or is a more or less of government steroids with benefits and middleaged . We have stevedore from the wall street journal. And jonas harris we appreciate you being here. Qualities he give the jobs report today . To back we are in the middle because you what the economy to improve but not want to the fed to stop totally but yet you want to show it is Getting Better because sees earnings have to grow so the goldilocks scenario is the underlying growth would pick up and yet pick up later but then not have a crash when the rates go higher. Dennis you say the stocks go down with good news because we are scared of they will tie ended . But today they went up triple digits is there such an attitude to where i think the economy will go okay . Fortunately a part of that is the investors are confident coming back to the stock market. It will go up even just people thinking it is up. What did you think of the report today . Solid but not spectacular. To reduce thousand jobs is a good bumper but every other indicator was positive. Most importantly we saw improvement of the for sandage other americans in the workforce. I was happy with this report but we should not be celebratory i remember in the 80s and 90s we had five budgets thousand jobs in one month but it there is no such styles as to get the jobs created. I would be a happy camper. I think this is a superstition that if you get a good jobs report it is bad for stocks. Dennis about the Labor Participation rate up that 63 percent. Before win the Participation Rate rate went up bottom plant that builds up because we do look for a job that cows as the unemployed but that all but now it went down even though for dissipation went up isnt that the double bonus . [laughter] did was a mystery. Friday you should touch on that it was good news but with the established trend survey one was the survey of households that runs about half the number of new jobs every month for the last year. We get some conflicting pictures about how good the jobs pitcher really is. Dennis what will the need for the obama and administration and what she did . Werke aig is great news. He had a bad couple of weeks with the launch but it shows the policy put in place years ago are paid dividends. Where people are participating and it is good allaround heading into the Holiday Season where people have confidence and spent more buddy it shows we have to stay the course talking to about jobless benefits that helps to fuel the growth for people to participate and this creates more jobs. Congress has to make sure it is a fragile recovery they cannot have that same sort of brings michelle to threaten to appear the debt ceiling and ready to get up a deal when we are supposed to. In the 80s and 90s we did not have just a tax increase of cuts but that have been dip this year that could have called is like having 400,000 jobs created because were not in stimulus motive to do more. It was good news. So if we have a government is shut down assembly will have a quarter reported taken off for gdp what a powerful economic engine and then we have Third Quarter gdp growth of 3. 6 invested a couple years it a good jobs ever. I thought the sequester were to be devastating . The more it cuts spending the better for the private sector when dispense the dollar i dont understand the logic. We pay people borrow money not to work and people are working. That does not make sense. To give emergency benefits where does the money come from . If we give you a tax cut they will put it in their pocket. We have to make sure that people need the jobs and food get it. With 47 Million People . People largely a pretty good job. Of course, the we should not said that giving a lot more Welfare Benefits was better for the economy that it be better with 30 billion forth three or four years. If you pay people monday not to work fed you get people not working. Is not a phd formulation. , as we have cut back the economy seems to have been improving. The economy is Getting Better despite the cuts. We have a cutback of certain stains that have increased some states have stayed the same. It has not necessarily bad the emergency benefits and has spent a planet Going Forward and that is being debated very fiercely in washington but the economy is coming back and if we want to maintain this gross we have to do what spurs said and emergency benefit and even jobless. We dont want to keep them unemployed. They have got to get back into the workforce but those people would rather be working right now standard day a living and they got the economy starts to continue those jobs 37 we have to do the things we can keep doing we have to shut down the government said the economy will more. Kim so when we return of lookit to hotbutton issues extended 99 weeks Unemployment Benefits again after is the Great Recession ended. An addictive making source. Stick around this is the quicksilver cash back card from capital one. Its not e fumbling around with rotating categories rd. s not the etting blindsided by limits card. Its the nogameplaying, noearninglimithaving, deepbombthrowing, givemetheballandilltake ittothehouse, cash back card. This is the quicksilver cash card from capital one. Unlimited 1. 5 cash back onvery purchase, everywhere, every single day. So let me ask you. Ats in your wallet . Every day were working to and to keep our commitments. And weve made a g commitnt to america. 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Its just one reason over 70 of our mutual funds beat their 10year lipper average. T. Rowe price. Invest with confidence. Request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. Dennis the jobs market seems to be going in the right direction of that will it allow jobless benefits anyway . We have Christopher Dodd and jaundice and do you feel based on todays numbers it was a key jobs report that first of all, to start with men of wage . Raised the minimum wage . No reason why people who work full time should not be able to afford to live. Read a living wage where people could feel proud of what they do of what ever it is said the jobs created our Service Level jobs. A lot of people who have been through world war i of the unionized workers are of manufacturing paint is working in the service sector. Then now these people go to work but now the government has to subsidize. Stay back here is the thing. At with a wife and three children be i should not expect to work at mcdonalds and of making enough money to support the bill finally earned minimumwage maybe i should not have had those three children. If that helps the of for the wide we just say everybody has to release 50 an hour now we solve poverty . Why doesnt that work . I want you to be visited by a three spirits but that is a little ridiculous. Reedy to make sure people are giving enough wages so they can live. Some people can all they become the fry cooks. What are we supposed doodoo . Let the people subsidize them . That is what happens then of. People were caged for walmart or a fast food chain. And 80 to be subsidized by the government. What about they to be all of their own what about higher wages no panacea . Those that were higher as the usual all higher than the National Rate and pay higher wages but then the us dash poverty and illinois. About in line with the National Average despite the higher ben of wage but always to. California just weighs just the way down to attend or 11 but the poverty rate is 40 higher in california so it does not done a lot to help people with poverty but what chris is leaving now what walmart and donald sam burger king have the alternative to paying 11 per hour that they could pay zero to get rid of the jobs or replace them with computers or robots to. That is ridiculous you will like Delta Service jobs is my first job was minimumwage. 2. 65 per hour and a few of the first job you cannot get the second estimate in real dollars that is double the minimum wage today. So be honest. Stay right there has not ben a real wage but it was the better wages in its day and i understand were in a new economy. Pope francis was very clear. Said red crescent . [laughter] he cares about the message of christs. We have to heed the words of poverty spread first of all, i would like to issue to the opel for issues of god island rather listen to stephen on issues of the economy. [laughter] capitalism has allowed it billion people to do triple for space it, over the past seven years the pope shed cozied up to us. I see it you could work as a child of the cold wind. In arkansas with people working two years with their kids is 60,000 but that is on a lot in california just with costofliving does not always work is great to raise minimumwage there is too many variables that point to a clear path but ideally you do not want that of all wages and the recession you want to increase unemployment and you want those of benefits to drive wages down and the value could save that with Unemployment Benefits but they could never do that to adjust the problem with having a supply of that now is you want people to go into the hot labor market when it is weak otherwise they would flood the market to cause a depression. Dennis now we move on to a second topic extending jobless benefits understanding they read the between 36 weeks there you can get them up today denied weeks. The National Bureau for Economic Research tells us when the recession begins and ends did a study. We believe that primary reasons for logger high on a planned rate since the Great Recession is because of extended federal payments for unemployment. I aid to know a guy who said when he gets two years of unemployed he will stop working and work on a novel but the study says would you give Unemployment Benefits in a market you end up keeping a higher level of pay on the jobs that are filled because the wages stay Higher Companies to do not create new jobs and unemployment stays high. Both parties want to extend 99 even though we are passing the crisis. Title think the republicans to but it is on a high priority for the president. That study makes common sense Everybody Knows if you give them 52 weeks of the Employee Benefits they look for a job after 50 weeks if you give them 75 they will work at 73. We know people like that so wedded to extend those benefits you essentially pay people. Dont forget how we pay for those benefits through payroll taxes. How crazy is this program . Pretax employers for hiring them and pay people not to work . Is one of the craziest programs. I think there is some truth to your argument that may come as a surprise but there are also factors to be weighed entire sectors were wiped out in the last recession so it is hard to find suitable employment. Gives the economy and adapt. Sometimes you need more time to do that and that is why you get more time. Died nine weeks . , 99 weeks . Jedi that should do it if you cannot block did you go work at mcdonalds sadek but theyre not be anymore because we will raise the battle waged. [laughter] dennis it is set to stop talking but i could be a lot of a job here soon. Nice job today. What you see it . The question of that i should the government extend Unemployment Benefits even if that adds to of employment . Log on and we will shut share the results at the end of the show. More examples of past government god too far . Have the problems plaguy obamacare and the white house said they fixed it but can you believe them . The truth about the incompetence. Next. Hi honey, did you get e toaster cozy . Yep. Got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. So i kn untilt was full. Youd be crazy not to. Is tt nana . [ male announcer ] fedex one rate. Simple, flat rate shipping with the reliability of fedex. Because you cant beat zero heartburn. Woo hoo [ male announcer ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. One pill each morning. 24 hours. Zero heartburn. A lot can happen in a second. With fidelitys guaranteed onesecond trade execution, we route your order to up to 75 Market Centers to look for the best possible price maybe even better than you expected. Its all part of our goal to execute your trade in one second. Im derrick chan of fidelity investments. Our onesecond trade execution is one more innovative reason seris investors are choosing fidelity. Now get 200 free trades when you open an account. Dennis what happens when you combine arrogance with incompetence . You get obamacare despite the touted improvements the government can still not get its act together now a senior fellow at the Manhattan Institute jury says with the latest. It was part of bush saying Mission Accomplished but now they are doing a barnstorming tour sagan has spent fixed senate the standard is very low so that the vast majority can get on it if amazon says one out of five goes away is a catastrophic failure so back end problems they still have not even built 30 or 40 percent of the web site that pays ensure so that people cannot access coverage and they already had problems up front once they put up the other it is all kinds of problems to beckett has not been a creative level on tested. Dennis obamacare errors have found wide and 10 days transferors even though the Progress Report says although there is more work to be dyed the private sector velocity and the effectiveness. It is terrible. Those forms are critical information because the web site has not been working once they start looking for the myth there are hundreds of thousands of incorrect files it is a total nightmare. People cannot Access Health care on jay reversed. But i dont know if it . But to show up in a Doctors Office that i have coverage of understand them but if it does have the permission of the insurer says to recover this . Do i pay a claim . I would have thought this would be to call on the Insurance Industry but that is our way to bash them as thieves over five years that the technology guys says we told them we would take it over and add to the microsoft contacted hhs to offer Technical Expertise and assistance of but so far nothing. Baby it is just washington and too embarrassed to return to help for the private sector . To make it is procurement. They cannot buy stakes efficiently and all people response we get a bad product. Bought only both sides agree they had incompetent project managers but also does not allow the best firms to say we can get the job done. Dennis amazon also offered to help obamacare. They said i wish we could do something to help you. How do they fix this . Youre not gonna writing a website maybe you should have hired amazon to do is is this maybe should have outsourced this is there the underlying arrogance and hubris because they know better than business . In 2006 the Bush Administration set up Medicare Party the private exchange for seniors and had some problems but got it running and today it is very good. But it aggressive management control the process to hold people accountable and we have not had that. Dennis but did the bush guys to win it off the shelf or to reinvent the wheel . I figure they worked much more intensively to manage some of product with private plans if there was much more of a pate and a and club. Dennis revisited is not leaking gas period they issued critical regulations not issued until last summer so they pushed it as close to the wire as possible. Dennis i dont think this will get better soon. Pot smoking about to become legal so is the wrong for employers to fire a worker for failing a drug test . A and the fed . Down from personal dna testing to the pricefixing piano teacher. After the break. She loves a lot of the same things you do. Its what you love about her. But your erectile dysfunction Cialis Tadalafil for daily use that could be a question of blood flow. Helps you be Ready Anytime the moments right. You can be more confident in your ability to be ready. And the same cialis is the only daily ed tablet approved to treat ed and symptoms obph, like needing to go frequently or urgently. 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