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Detailed text transcripts for TV channel - FOXNEWS - 20100730:16:53:00

Spending money. by the way, consumers are saving more money. that does not translate into economic growth, but arguably, it is a positive development compared to the way people weren t saving for the previous ten years. jenna: peter, a positive development on that, no job growth necessarily from the gdp number but it is growth as adam was mentioning. i ve looked at all four quarters of growth and the average growth of what u.s. demand for what u.s. producers make is 1.3%. heck, we can cover that with productivity growth. the rest of the statistic was basically building up of inventories that haven t been sold. we can cover 1.3% for productivity growth, in fact, wool see more layoffs. if demand doesn t pick up, all those business investments that he just spoke of will be useless and we ll have unemployment above 10 percent again. the economy is not in great shape. jenna: adam, you think it s still all right now? the economy is still based on what peter just said, hey, if we go int ....

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