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Industrializ industrialized countries. france has a lower tax rate than the u.s., believe it or not, and so does canada. the u.s. tax rates for corporations is 35% if you add in the average state taxes, it's 39.1%. we simply refuse to be competitive with the rest of the world and we're paying the price right now. >> this is deeply upsetting financially and also a little embarrassing to have corporations leaving the country and saying they don't want to work here. at least they didn't go to ireland where it's only 12%. >> 12.5. >> but here's the thing, these are millions of dollars and they hav...

The real unemployment rate is 13.1% when you count people who are working part time, who don't want to be, who aren't looking at all. >> so this is a jobless recovery if ever there was one. with anemic economic growth on an annualized basis. >> it is very difficult. if you look at who is being hurt the most, the lack of job hopping is not happening because there's more women in the workplace or because older people are staying longer because they can't retire. those are not the issues. it is broad in every single age group. but it is young men who are hurt the most right now. they used to make...

Exported? >> i've talked about this a lot, greg. it's been a secular issue for a lot of decades. but part of it is also globalization. and something we need to understand that, yes, we get from globalization we get cheaper imports and that is great for our economy. but that comes at the cost of jobs. and the sad truth is that jobs go the way that where they are cheapest. and that is very often not here. it even happens in my own industry, analysts. look at a research report from goldman sachs or merrill lynch, you look at the names, you might see one american, but the rest, the work is being d...

>> the double irish with a dutch sandwich. i mentioned it before the break, a strategy that let's companies like apple route their profits around the world so they can pay less in taxes. it is perfectly legal. why do companies go to these lengths and extremes? on paper, the u.s. has the highest corporate tax rate in the world. the u.s. tax rate is 39.1%. that takes in account federal and local taxes. the average for the developed world is 25.5%. let's be clear, most companies do not pay that top rate. thanks to loop holes, special treatment for certain types of businesses, s&p 5 companies pay ...

Longer than six months. that is highest recorded number in history. average length of unemployment is 39.1 weeks. this is new phenomenon in american history. we have had high unemployment but the turnover is different. in europe they have high unemployment and chronic unemployment and people are discouraged is the norm. what we're getting to is this european level which fits the sort of obama idea of european levels of taxation, entitlement, regulation and now we're getting chronic unemployment. >> john: what we hear coming off the hill and buffett rule. isn't the basic question, what is jobs?...