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Reagan, the unemployment rate was 10.3%, okay? by october of 1984, it had dropped to 8.1% or 8.2%. look, 8.2% is not particularly good, right? >> right. >> but it's all trend line. >> is that the line? is that the line? >> yes i think -- >> moving toward 8% and maybe it's right around 8.1%, come october 2012, president gets re-elected. >> chuck, one other thing. a guy smarter than me, matt mcdonald and into economics now, they put out a paper today, 185,000 jobs need to be created every month now and november 212 for the unemployment rate under 8%. we had 220,000 this month. >> doesn't seem fa...

Look. here's the deal. you mentioned 1984, chuck. i think it eel's a telling comparison. under railroad, the unemployment rate was 10.3%. by october of 1984, it had dropped to 8.1% or 8.2%. look, 8.2% is not particularly good, right? >> right. >> but it's all trend line. >> is that the line? is that the line? >> yes i think -- >> moving toward 8% and maybe it's right around 8.1%, come october 2012, president gets re-elected. >> chuck, one other thing. a guy smarter than me, matt mcdon jum mcdonald and into economics now, they put out a paper today, 185,000 jobs need to be created every month n...