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Would take what has been the public statement of the administration that we know we're not all the way there yet. when you keep repeating that look, the conditions are not all the way back to where they were. >> not all the way back. we're going backwards. >> improvement, john. substantial improvement. >> dating back to the middle of the reception. >> if the labor participation rate were the same as when the guy took office, unemployment would be 11%. if you count the people we don't count anymore it's 14.7%. >> as you know, the labor participation rate of men in this country has fallen in eac...

Would take what has been the public statement of the administration that we know we're not all the way there yet. when you keep repeating that look, the conditions are not all the way back to where they were. >> not all the way back. we're going backwards. >> improvement, john. substantial improvement. >> dating back to the middle of the reception. >> if the labor participation rate were the same as when the guy took office, unemployment would be 11%. if you count the people we don't count anymore it's 14.7%. >> as you know, the labor participation rate of men in this country has fallen in eac...

Welcome to the show. >> glad to be here. >> clayton: you're talking about the real unemployment number which you say is around 14.7%, and we should throw those other numbers out completely? >> well, the 14.7% better reflects the reality. the double digit unemployment under obama has declined for basically two reasons, one is because 8.2 million americans are counted as having left the work force entirely and when you're not in the work force, even if you don't have a job and you want one, you're not counted as unemployed so they count 8.2 fleeing the work force under president obama. and 8.6 m...

Statistics, it would be 14.7% and worse than that, and now, they seem to be going back into another recession and the policies are leading us in that way and if you already have unemployment of 14.7% and you go back into recession, well, you've got a depression scenario coming out of that. >> alisyn: and you see things in a much more grim way than the media did, peter thank you so much. >> clayton: one thing we can't argue about, and the saints numbers, thank you, peter. >> alisyn: round two, just two days away and tell you how president obama and governor romney are preparing for the next deb...

Bunch of workers were counted as out of the labor force entirely, became counted a part-time workers. but under the u-6 rate, that's not a decline in the unemployment rate because they count all those people. they count all those people who are involuntarily part-time employment and they count some of the people who are out of the work force. now, if you go to what is called shadow statistics website they calculate the unemployment rate counting even the long-term discouraged workers. they count everybody who's left the work force and they have an unemployment rate of 22.8%, and so, somewhere ...