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Going to be raising a lot of money in miami, florida, another key state. the political tour with kristen welker, thank you so much. and joining us now u.s. economic senator of "the economist" magazine. greg, thanks again. >> sure. >> let's sort through what they can do. they're talking about a jobs council we've seen op-ed from jeff imelt our former boss and leader of the jobs council. what can a jobs council do facing all these head winds on unemployment? >> really not very much. i think the tough reality is the fundamental problem facing the economy is a lack of demand. a lack of demand for ...

Doesn't signal recession but might not be a one-time occurrence. >> we don't know if this is a one-month episode or longer trend. we're experiencing head winds. gas prices being most prominent. >> reporter: monday he told a cleveland reporter the jobs report was a blip but he wasn't sure what caused it. on this day, a "washington post," abc news poll show americans disapprove of the handling of the economy by a wide margin, he lost the bounce the job approval received after barack obama was killed and most people don't believe the economic recovery has begun. mr. obama says the long-term trend...

Quarter of last year. why? >> that was unsustainable, we had growth of 5.6% in the fourth quarter and that's the normal inventory rebuilding that happens after a recession. that's what was going on. so once that was sort of over, economists were looking for somebody else to pick up the slack in the economy. turned out to be consumers. they're spending at levels they haven't spent in three years. they came in with a 3.2% number, a little below consensus expectations but still strong according to economists we're talking to today. march march so they built up -- martha: they had built up invento...