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CNN Inside Politics July 11, 2024

Charge of the recovery act, and it was hard as hell to get the votes to begin with, and then it was hard as hell to get the numbers we got. One thing we learned is we cant do too much here. We can do too little an and sputter. The speech youll hear follows the jobs report this morning. Yes, the Employment Rate is down, but only 40 million jobs was added to the American Economy. That makes it clear that the impacted American Economy is still very much in trouble. The Senate Meeting ended early this morning with the Senate Passing a budget resolution. This morning the house will take up that resolution and it will clear the runway for democrats most likely to go it alone with a covid relief bill that is very ....

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Detailed text transcripts for TV channel - FOXNEWS - 20100827:16:24:00

Is slower than economists previously thought and too slow for, really, any substantial job growth. those are the facts, but what does it actually mean to us and where this economy s headed? matt mccall is the president of penn financial group, dan greenhouse is chief economic strategist for the trading firm miller/tayback, and mike green, welcome to you all. matt, let s start off with you. what does that gdp number tell you ability where we are in this recovery? you know what? we were a little better than the expectations. wall street s been looking for anywhere between 1.3 and 1.4%. the bad news, yes, it was revised down from 2.4%. however, think about where we were 18 months ago, 12 months ago. we were coming out of one of the worst recessions in the decades, so the fact that we re actually still growing at what i consider a moderate pace is still bullish in my mind. this is kind of what i call the square root recovery. now we re going to go sideways ....

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Detailed text transcripts for TV channel - FOXNEWS - 20100827:16:26:00

What s next? i mean, certainly the federal reserve has more ammunition. not much left, but a little bit. i think from here the reality is it s just a slow grind upwards. this isn t something unique to this country, it s happening in every western country. it s just a slow, painful grind. you have to remember with that second quarter number, remember, during the second quarter we thought we were on the brink of collapse in spain, portugal, greece, we thought the european banking system was about to fall apart, u.s. companies froze, they saw that, they got scared. consumers, obviously, haven t fully recovered, so it ll be interesting to see what the third quarter number is. unfortunately, there s no way out of this. for what it s worth, by the way, i would say it s safe to say that wall street s looking for about one and a half to two percent growth in the third quarter again. jenna: so what does that mean, dan? unfortunately, what we were just talking about, something resembling a ....

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