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Government's five-year extension program expires for all of those who have been on unemployment for more than 26 weeks. our guest is the founder of help save my dollars.com and these folks will have fewer dollars for sure, scott, if they lose their benefits. 96 weeks is a long time to be on unemployment. what's the impact overall to the economy if now these folks are taken off the roll? >> twofolds. we could see a drop in consumer spending. a strain on the gdp, which has been recover at an anemic pace since the recession of 2000. we could see an impact on the unemployment rate but not for the ...

>>shepard: we have signs of improvement in the job markets with millions still out of the work. the national unemployment rate fell from 7.9 percent to 7.7 percent last month. that is the lowest rate in four years. it comes despite the loss linked to super storm sandy. but the government reports the unemployment rate fell largely because so many americans gave up their search. at the same time, the u.s. economy added 146,000 jobs in november above what the analysts predicted. well above. and gerri, where do we see the biggest gain? >>gerri: in retail. no surprise for holiday season. we expect ...

His entire first term there's been a reckoning between what a person can actually do in this office versus the supernatural vision of him during the election. this speech is representative, too. i think it was a very good speech. i think there were incredibly solid moments and accomplished what he needed to accomplish, but there was no way he could meet the expectations that people have for him. >> we'll see if it gets him a bounce at all. much more on the convention later. but now the jobs report. glass half-empty or half-full? the unemployment rate fell to 8.1%, about the only 96,000 jobs ad...

New jobs numbers is part dux. we'll start with the numbers and democrats seizing on the rate drop to 8.1% and the republicans seizing on the disappointing fet gain of 96,000 jobs. >> today we learned after losing around 800,000 jobs a month when i took office, business once again added jobs for the 30th month in a row. a total of more than 4.6 million jobs. >> it's been 43 straight months before 8%. there are today 23 million americans out of work or stopped looking for work or underemployed. it's a national tragedy. >> we'll have more with the dynamic duo. before that we have to go back to la...

Wind the president thought would be at his back could be a serious head wind? what do you make of that? >>guest: well, for the good of the american people and eight million people of virginia, i am rooting for the president, and i am rooting for america, we have been if this, now, over 8 percent, for three years every month but for the first month of the president's term, and we have another $5 trillion in debt diagnosis his term, more than any president in american left, so, some of the policies have not helped but i want us to recover and cut the unemployment rate and if you look at the stat...