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Back with us, gentleman, who were with us earlier in the broadcast, michael steel and rick stangal. rick, along these lines, why as well is it so important for the president to say the world is a mess. yyyyyyy it's a less dangerous place in parts because of the iran agreement. i think he's just looking at it
In an up period there's more of a drag, and you didn't a different kind of malaise. you get malaise of middle class, that there's very little to be achieved. you get a loss of energy in the country, people see that growth is not possible and expansion is more difficult. so you won't see a kind of p populist movement in western europe any time soon. be careful about admiring their safety net too much, because it has a down side particularly in a period of economic growth. >> we will continue with rick stangal, anne applebaum, chrsta and ross douthat. >> 2012, it will depend -- we have been talk...
Into a structural long-term unemployment. where the stock market grows, but unemployment is stuck around 8%, let's say. for americans, this would be an extraordinary change. european nations are accustomed to that long-term structural unemployment issue. >> and they have a social safety net so people can survive that. >> in the united states, you can go back to the recession of the early '80s, but really americans don't have any kind of long-term experience with unemployment being that high it will be interesting to see both in the mid terms and then headed into 2012, if obama vung for is runn...
Main street rebound. we are seeing an interesting fact which is american economies are really strong. and american ceos turn out to have done a good job. most people don't see that because we think about the wall street fiasco. if you look at corporate balance sheets they are incredibly strong. u.s. companies respond to the crisis swiftly and they are much more productive. then being more productive means they don't need that many more workers. we could see a strong corporate rebound but structural unemployment being quite high. if so, any political platform which speaks to those disaffected p...
York times." rick, you look at what obama is dealing with now, if feels so different than two weeks ago health care has passed, the economy appears to be doing well, the arms treaty with russia. is he on a new trend upward? >> i think so. two weeks ago he was jimmy carter, now he seems to be superman. he has done health care. made that surprise trip to afghanistan. he, i think, feels the wind at his back. he feels revitalized. that's not being shown in the polls there that not been a bump, but i think he feels they turned a corner. >> i think rick is right that obama feels energized, but the o...