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Period of an output gap when you're in a recession that's all bad but conceptually broken. as it turns out paul ryan's request for millions of dollars in recovery spend is only the tip. iceberg when it comes to his hypocrisy on stimulus. we turned up video of ryan in we does far more than advocate for one specific stimulus item but makes a full throated no holds bar argument at length for the basic concept of keynesian stimulus, government spending to create jobs deficit government spending to create jobs. in 2002 with president bush in the white house as the couldn't went through the post-9/1...

Can see it hit 12,000. >> and we are 15 minutes away from the closing bell. that key psychological level. there are fundamentals supporting stocks, the dow is up 1 percent this week so if we get gains it will be something like the 9th straight week and we have not had nine consecutive weeks in 16 years. and bonds, economists, done with bonds. cash not a lot of return for cash. blow out corporate profits. and people love stocks. >>shepard: so they are making so much money because they fired everyone. >>guest: that is a way to look at it. companies are lean. that is a big problem. that is actual...

That the output gap, the hole we were in was much bigger than what the actual stimulus was. say a word about that. >> much bigger. the output gap got -- there's controversy in measuring it but think of a number like 8% gdp year after year until we get back, and now it may be 6 or something like that. we did one shot, 5% of gdp spread out over some years. the biggest hunk came in 2010, and i think that was around 2.6% of gdp in that one year, much less than all the other years. do the math. >> what does it mean what the jobless rate is going to be on the eve of the election? 8.6% today. what's ...