Detailed text transcripts for TV channel - MSNBC - 20110401:21:07:00
Look. here's the deal. you mentioned 1984, chuck. i think it eel's a telling comparison. under railroad, the unemployment rate was 10.3%. by october of 1984, it had dropped to 8.1% or 8.2%. look, 8.2% is not particularly good, right? >> right. >> but it's all trend line. >> is that the line? is that the line? >> yes i think -- >> moving toward 8% and maybe it's right around 8.1%, come october 2012, president gets re-elected. >> chuck, one other thing. a guy smarter than me, matt mcdon jum mcdonald and into economics now, they put out a paper today, 185,000 jobs need to be created every month n...
Source: news source