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Than we sell in goods and services, is it fundamentally necessarily a negative? >> it is not. it is trump that made that scorecard, not any of us. now, i want to distinguish between the macro and micro. this an overall economic sense, the reason our trade deficit grew in 2018 was because we were agr growing faster than lots of our trading partners. so our dollar was stronger. and that also has an impact on the trade deficit because it makes our exports more expensive and imports cheaper. but we've had lots of periods of strong economic growth with large trade deficits and bay the way there are...

Handicap. we are not used to high turnout mid terms. other than that where is this going? >> to me you have got competing forces. you look at sort of the macro political, the political environment, and it's just looking absolutely awful for republicans. but then you look at the micro side, whether you are talking about the house or whether you are talking about the senate, the specific circumstances. redistricting where congressional district boundaries are helps republicans. natural population patterns where democrats are incredibly concentrated in relatively a few number of different distric...

Commodities taking a hit. raising concerns about global health and the demand for commodities. also on the macro front, the fed is realizing, hey, this rate hike is just around the corner. and on the micro side of things, you had industries, like the media industry, really taking a big hit today. netflix was down more than 7%. that wasn't spared. that's because analyst reports came in saying, look, this transition from ad-based to a more fee-pay model is going to happen. >> sort of the perfect compliment of events. global macro issues down to earnings here. oil, we were just talking about the ...

Shoes. >> in the richest nation in the world, millions of families shouldn't be left out in the cold. and president obama is vowing to take action in the new year. that's a resolution we should all get behind. joining me now, e.j. dionne and eric bernstein. thank you both for coming on the show. >> thank you, rev. >> good to be with you, reverended. >> jared, republicans don't want it. extending unemployment benefits. but an extension would help the economy and be good for the country, am i right? >> yeah. it's what we think of in economics as good micro and macro. from the perspective of the ...

I mean, how will this impact the economy in your opinion hearing from the national employment law project? >> i think those numbers are very much in the ballpark. let me throw out two other numbers that are extremely relevant right up in the -- in the heart of this conversation. the bureau of labor statistics this morning released a report saying there are about 3 million job openings in the country right now. this was actually for the month of october. in the month of october there were 14 million unemployed people. 3 million jobs, 14 million unemployed people. you see that imbalance. now, th...