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Because only so them can't get loans to hire and expand, but the fed has other policy tools that it could use to help to push interest rates lower for example. it may have to use them. the recovery rate we have is modern and slightly above the long-term sustainable rate. it is not going to create jobs at a very quick pace. >> well, this chart shows you everything you need to know about bank lending right now. it has dropped 25% at the nation's big banks. a $200 billion haircut, bret. >> peter, what about the debt commission and the kind of tax increases that could be on the table here? >> the ...

Because only so them can't get loans to hire and expand, but the fed has other policy tools that it could use to help to push interest rates lower for example. it may have to use them. the recovery rate we have is modern and slightly above the long-term sustainable rate. it is not going to create jobs at a very quick pace. >> well, this chart shows you everything you need to know about bank lending right now. it has dropped 25% at the nation's big banks. a $200 billion haircut, bret. >> peter, what about the debt commission and the kind of tax increases that could be on the table here? >> the ...