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We are not implementing them and we are not making it possible for them to take effect. >> i will agree with that. we see a lot of attacks on dodd/prank. one of the ways people talk about it is that they will attack the cost benefit and say you didn't do a proper cost benefit analysis and this will harm my business. what about the cost benefit to the consumers? what about the people at the pump? to talk about the volcker rule, they excluded what's called spot commodities, actually trading the physical commodity from the volcklecker rule. it is part of the reason we see this inflation in prices...

So -- >> i agree. >> you are saying can we do anything now to let the -- move on? >> right. >> i think what i would like to see personally is -- the federal reserve has the power under dodd/frank section 121 to break up any risky institution. we are not seeing anyone do that. >> you know, what i was -- what i would say -- and -- occupy sec, it -- a lot of this is backward looking. like -- will are things we can do now. for example, the implementation of dodd frank and volcker rule, i don't know if you talked about that yet today, occupy sec, amy has been doing fantastic work on this. we actual...

Or not obama could have had significant impact on the unemployment, rhetoric over what actually could have happened, what do you think of that argument? could you guide me in had a? i'm not sure who to believe. >> i think that what's really going on in that argument is a distinction between direct job creation and indirect job creation. the most direct way to create job is direct job creation. there's very technical economics for this morning. and -- that was on the table in the '30s and in many ways off the table today. you can argue that we took it off the table. i think that's a very intere...

Gnome shib are has a new book out called "the escape artists: how obama's team fumbled the economy." i want to say first, i read a lot of these efforts to report the obama team's economic decisionmaking and actually written one myself and yours is very good in terms of what they were getting at. i highly recommend to it anybody that wants to know the choices they were wrestling with. right there in the title, they fumbled the recovery. i want to ask, compared to what? because they -- first stopped at depression. i mean, which is -- sometimes i think it is actually underplayed. the fact we did ...

Reid in the senate, you know, they are really, really anxious that when they tell them they want $775 billion, no, that's way too high. in fact, you know, they give them the $775 billion number and nancy pelosi and harry reid is like sure, fine. i think they sometimes psych themselves out a bit. and it is just a lesson that -- you know, for the same reason we don't write about congress a lot, it is one reason the administration shouldn't try to game it out. there are a million moving pieces and hard to game it out. you should go with what you think the best policy is and then try to sell to it...