Detailed text transcripts for TV channel - MSNBC - 20130225:23:05:00
Joining me now is james peterson and jarrod burnstein. jarrod, these cuts seem bad no matter what party you're from. what's your analysis of this? >> obviously, bad. for the economy, as you mentioned, remember -- you don't hear this enough. we have an unemployment rate that's already way too highly elevated, stuck at 8% overall for african-americans, much higher. and what does this kind of policy do? it takes an economy that's already not growing quickly enough and subtracts $85 billion of spending in 2013. that shaves about half a percent off gdp growth. so whether we're talking about a macro...