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Unemployment nationally is down from where it was two years ago. do you think the president's policies deserve credit? >> i don't think the president's policies have anything to do with this. and the fact is, the reason these numbers are coming down is that more people are leaving the workforce, leaving the search for a job, and as a result, you've got less people in the labor pool. and so you asked americans how they feel about the economy, and they're going to look at you and say, where are the jobs? >> but you don't see a positive trend here, not even in your own state? >> i think that the ...

Extent they are right. some people are called racist and they are called things with an ease that i am uncomfortable with and homophobic and all of those other things. i think that is absolutely something that they have a real right to be angry about and to feel that they have been vilified for those things, and i am guilty of doing those things myself. >> well done. what about stewart telling wallace that his job is harder? >> when did i say to you i am only a comedian? i said i am a comedian first. that's not only. being a comedian is harder than what you do. what i do is much harder. i put ...

The s&p 500 now 46% of the profits come from abroad. what about the doubling of the potential labor pool, the doubling of the potential workforce? was that also -- is that also a huge part of this story, that you can now make anything in the world using skilled labor but at a tenth of the price? >> yes. i mean, i was at american express when this all started to happen, and all of a sudden, you know, you say, gee, are we going to have 100 million, 200 million chinese carrying cards, credit cards? how about travel? i mean, so the size of the market in terms of consumers i think was what started ...

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