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>> let's talk about this easy money for a moment. the lowest interest rates ever really and so it probably makes sense right now to borrow. but what are we doing to the economy? we know that when the cost of capital collapses, when interest rates go very low people do stupid things. that is what happened between 2004 and 2007. so what are the stupid things we are doing now? >> i don't think that they're there yet. i think it yut is -- eliot is correct. the disconnect is on that unemployment number. whether we actually get real growth, that's the real question. but to flip your question around,...

Have been dramatically worse for the american economy, so unemployment would have been much higher. the economy would not be growing today and the fiscal burden for the country, for the future for our children would have been dramatically higher, trillions of dollars potentially for us. so this was a classic example of the basic reality of governing by principle, which is you do what is right in the interest of making things better, even if it's short-term politically costly because the consequences are likely to be worse longer term. so i'm sure it was a better strategy than those alternative...

Grow. so you cannot have growth without credit and when credit is available, you'll see banks starting to be able to be in business again. that's a sign of health. >> the way you guys have been and the administration have been handling this has been the stimulus package, help on the mortgage front, the federal reserve has been pumping liquidity into the system. at some point that has to end. do you worry that when the federal help to the economy starts tapering out, we will be in for a double dip? >> i'm not worried. the reason i'm not worried is because i think that we're going to be careful ...

The reason lies 6000 miles away in japan. where a producer of specialty eggs needed corn for feed grown to precise standards. cargill identified the producer's needs then introduced an illinois farmer to grow the exact corn needed. and developed a system to ship it separately, connecting the farmer with a japanese customer who was very appreciative. this is how cargill works with customers. hi, i'm catherine.

That heart go. and he promises it won't be like the '30s. but what if the patient who's lying on the table, the u.s. economy, has an endocrine problem and needs thyroid medicine and his coma has nothing to do with the structure of his heart or his arteries. it's the sort of monolithic all monetary approach that is problematic and also in regard to recovery because this concern that martin has is right. i don't think we have recovery until we have good employment. it's cruel to say we're okay when we have 9.7% unemployment. and more than double that for teens. >> huge unemployment numbers. i wo...