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Get funding, that that is just this outsized risk that they say they don't feel comfortable, you know, buying and being in the market when there's this giant risk out there. i think that worry will be with us for quite some time. >> that's quite a lot of drag on the economy here and there. thanks so much. thanks for joining us today. >> thank you. the economy, of course, will be a big issue tonight in las vegas when the republican candidates gather for the eighth debate. can rick perry find his mojo? we have a columnist from the las vegas sun who interviewed him. you have foreclosures, recor...

Friend of mine, torry clarke, who used to be the pentagon spokesman, "lipstick on a pig". this is lipstick on a pig. we are pursuing polices that are not going to lead to growth, not going to lead to prosperity, all the indicators are negative indicators. we're trying to help obama save himself, before election day, he can turn it around but he needs to abandon these polices. as you said, martha, we're looking at a double-dip in the housing market, record foreclosures, unemployment going up, not down, 9 percent is not good and that's not even the real unemployment rate. we're looking at high f...

Idaho, on the other hand, which allows some bargaining by state workers, they're in the best shape of any state in the country. this idea that somehow public sector labor unions are the cause of these budget crises is just not supported by the evidence. the reason they have fiscal problems is not because of unions, it is because we've been through the worst recession since the great depression. we haven't seen prolonged levels of unemployment in this country. unbelievable waste of human capital sitting around and degrading. record foreclosures and record bankruptcy. that's what's destroyed the...

You would see the economy roar up and the stock market immediately go up 20%. >> mr. zuckerman, the last question goes to you and less about business and more about homeowners. i know there is an area you know more about. what is wrong with the housing market right now? why are we having record foreclosures? >> we are having record foreclosures because we had a huge bubble in housing which was supported by a bubble in credit. it got to such a high level it was unsustainable. now have you a huge drop in prices, and there are millions of homes where the home is worthless than the mortgage. there...

See the stock market immediately go up 20%. >> mr. zuckerman, the last question goes to you. it's less about business and more about homeowners. i know this is an area you know a lot about. what is wrong with the housing market right now? why are we having record foreclosures? >> we're having record foreclosures because we had a huge bubble in housing which was supported by a bubble in credit. and what happens is that the housing market got to such a high level, it was bound -- it was unsustainable. now you have a huge drop in prices and there are literally millions of homes where the home is ...