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Slowness of this recovery. >> yeah, nobody expected obama to bring us back to where we were prior to his election, but how are we doing in terms of the recovery? more evidence that it's just not there. it's just not there, mary? >> i'm a little surprised that anyone is surprised because if you look at-- what's driving this is unemployment and you're out of work uyou're not having an income your household income is going to fall and unemployment over 8% for an extended period of time. we have underemployment around 15%, we have 40.7% of people who are out of work have been out of work for more ...

finally, a job's report that beats expectations. sure, expectations were low, under 100,000, but look at this official net gain for july. 163,000. that's the most new jobs since february. the unemployment rate, meanwhile, a separate survey ticked up last month to 8.3%. christine romans watching this all-important gauge of economic vitality, shall we say. would you call the july numbers vital? i would say it's vital to the president's re-election prospects and vital to every single family in america who is trying to figure out if they can keep their job or get a job. yes, this is a re...

Right way. they said president obama failed to pay attention to black unemployment in this country. is he right or wrong and should it be divided along race lines? >> it is absolutely right. you look at the statistics and the facts speak for themselves. the national average unemployment is 8.5% in the nation. in the black community it's 15.8 percent and that's down from 17%. for black adult males it's 16.4% unemployment and black teenagers 16 to 19% -- i mean 16 to 19 years of age it's 40.7%. as a matter of fact, the chairman of the congressional black caucus once said if anyone else was in th...

Way. speaker gingrich was talking about black employment. is he right or wrong or be divided along those lines? >> you are absolutely right. the facts speaks for themselves. the national average of unemployment is 8.5%. in the black community is 15.8%, down from 17%. for black adult males it's 16.4% unemployment and black teachers, 16-19 years of age is 40.7%. as a matter of fact the chairman of black caucus said if anyone else was in the white house than president obama we would be marching on the white house. we have a greater problem when we believe certain people can talk only about the is...

outfront tonight, whoa, whoa, whoa. it really was one of those days. the markets soared, the dow up 339 points. nasdaq and s&p up more than 3%. and there were two big reasons why. one, america defied skeptics with american consumers spending money. the u.s. economy grew 2.5% in the third quarter. twice as fast as the prior quarter. look at it compared to earlier this year. now, 2.5% isn't great overall, but it is a lot better than a lot of doomsayers expected. the other big news was europe. they made a deal to bail out greece. that deal also, not that great. but after 14 summits, any...