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Disruptions have been minor. so this is overdone. >>guest: i buy that you can get snack back. cotton was all type high last year and we talked about that, and it has been passed through to the retailers but now we cotton is 30 percent less than at the high last year so you can get the snap back. we have seen it in sugar and wheat and corn previous years. >>neil: when the federal reserve says it is not a big problem, do you agree? >>guest: no, we have inflation as you define it. they could define it in a different manner. they may say, well, temporary inflation does not mean inflation in our bo...

Figure out maybe it is economically more advantageous for me to buy a house, but listen, the housing market is still somewhat, i mean, jobs market is still a little, little soft. and the economy is coming out so gingerly, anything like oil, oil going to $4, $4.50, $5, anything can hurt the fragile rebound that we have. again if you're looking for a house and you really want one, i wouldn't talk you out of it, but the notion there's a sense of urgency to buy now, isn't there now. but i wish i was. >> harris: mr. buffet, what do you say. >> he bought himself some time. over the year. warren buff...

Have you to understand this is after the better part of two years of the most extraordinary fiscal stimulus we have had in the history, and the most extraordinary monetary history, and two years after you get to the history, we should have jobs and we do not have that. >> so your rendition of what you think the state of the economy is, if you think it's bad, mr. zuckerman, why? >> we are having growth, but it's not the growth we should have. just a natural snap back should be about two to three times the growth levels that we have. but there is huge uncertainty out there, candy, which is why w...

Matter is, there are a lot of people out of jobs and yes, it is better than a year ago when he took office and we were losing 700,000 jobs, and, at the same time, we're going to have to wait and see, you know, what happens, in the next, you know, year and i think obama can hope, politically, that as they get closer to the elections, that the numbers will drop off. >> chris: and we should point out, chars, for instance, the factory, president obama visited today, those jobs were added as a result of government taxpayer stimulus fund and you see the glass half empty or half full. >> look, i thin...

>> we are -- we have gotten a snap back from the severe fall of late 2008 and early 2009. if inventories are rebuilt and consumers feel better, spending a little more but is it leak the '70s where you have spurts of growth and hit the wall because of government policies like high taxes, or will it be like the '80s and '90s and that will be determined after the november elections. bill: and watch when the stimulus dollars start to dry up, too, there is a lot to keep an eye on, appreciate you coming in, happy easter to you and your family. >> appreciate it and to yours. >> on the road to recover...