Detailed text transcripts for TV channel - MSNBC - 20120730:10:15:00
Issue, and so when you have this kind of a gdp number, it may be an abstract concept to most americans but when it translates itself into jobs, i think they will understand it pretty well. oddly enough, housing did pretty well in the quarter off a low base, and retail sales, however, as you can see here are also turning down for the first time in this recovery. we had a long, steady rise in retail sales, and then in the last three months actually, unprecedented during this recovery, you had retail sales turn down. people are nervous. >> they're afraid to spend. >> they don't have the incomes. ...
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