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diane swonk, old friend, chief of messere, aux financial. we're talking about the middle class. who represents the middle class in this country. the democrats are trying to make the point with speeches by president obama in the last couple of weeks. democrats are the party of the middle class. republicans are the party of the rich. republicans obviously are struggling with that themselves. david, what's your sense of how republicans are thinksing themselves and who in this country represents the vast majority of people, the middle class. >> i don't think anybody is doing a very goo...

Down to 8.6%. this may be on the backs of 315,000 people who said we are done looking for jobs. there are temporary holidays in the mix. so what does this mean for the president? >> it's a piece of good news. and everybody realizes, i think, that this economy is weak, will be weak. the labor mark is weak and will be all the way through the re-election. but what the white house can take from this is there's a succession and a series of small, positive signs that they hope will create an impression among voters that things are getting better. they're moving in the right direction. that's not goi...

The growth of the labor mark. that means unemployment is going to stay as high as it is or possibly drift higher. that's a horrible story. we're looking at 9.1% unemployment. we haven't had this except for a short period of time in 1981. otherwise not since the great depression. that's a horrible story. i don't see a double dip. but that's not much cause for celebration. >> is there any evidence that taxing millionaires would really kill job creation? >> no. you know, it's kind of incredible when we have these arguments. we go look, most of us were alive in the '90s. we had the clinton tax rat...

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