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What's in your wallet? sorry i'll clean this up. shouldn't have made it rain. today's unemployment report finds weekly jobless claims have dropped to the lowest levels since march of 2008. that adds to the wave of good news for president obama. joining us now from washington is john podesta, former white house chief of staff under president clinton. mr. podesta, it is an honor and a pleasure to have you on the program. >> nice to be on with you, alex. >> so, john, you know, the press is a fickle bunch, but of late, the news has seemed quite positive for the president and his re-election effo...

A potential problem. >> independents are the fickle bunch. obama had the independents, bush loss the independents. per the factor is the constant harping on we need to cut spending and the deficits. and it is -- when president bush was in office, and huge deficits were running up we didn't hear the constant harping. now independents didn't like deficit spending. now because we had to use deficit spending to recover from the recession. they hear this and don't like it. megyn: there is a partisan debate whether we had to do that deficit spending or not. but as a political matter, the people don'...