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Then the democrats say okay, fine, we ll do that if you include jobless benefits and a few other kind of stimulus efforts inside this compromise. is it a fair trade, as an american looking at the compromise, they re doing in d.c., does that seem like a fair trade if that s the compromise we get? if we re talking about an extension of unemployment benefits for several months, i don t think that s actually a big number financially, and perhaps, that s why it might be palatable for republicans to accept that. i don t honestly think we re talking about major swing factors here to the character or the strength of the economic recovery. i kind of think it s going to be kind of slow and bumpy no matter what comes out of these negotiations. jenna: peter, despite what happens in d.c. to mike s point, what do you see for the next year? i think the economy growing at two, 2 1/2% a year, unemployment creeping up to 10 percent. until the president has addressed the trade decifit with china, wit ....
Back to the pre-2008 situation. we have to go to something new. we are not yet there on a longer term direction. jenna: some of our viewers arsitting and watching and thinking, okay we are not completely free of the recession. what are we supposed to do with our money as people in government make all sorts of decisions for us? what would you say to one of our viewers? be careful, be cautious, save, understand, as i m sure everybody does in this country, to be prudent right now, because there is a lot of uncertainty, and a lot of households over reached, got into financial trouble and are trying to climb out of it right now, but if you re not in financial trouble, stay away from financial trouble right now. jenna: monroe had a question also about the housing market, and what we re going to do about that, it comes up to broader questions about more stimulus to come, we are talking about the bush arrest a tax cuts, that s what the president behind closed doors is doing right now. a resp ....
Business community and i ll play a little clip of what he says. the american people are continuing to ask the question where are the jobs. as more stimulus spending and unsustainable federal debt. you want to look into the camera and respond to john bain zbler well, look, i m not surprised john boehner is going to criticize what the administration does, as i say, he s filled out his critics card before he even saw what the policy was. the president was out in michigan yesterday, at a battery factory, and what the president has been trying to do with our stimulus efforts and recovery efforts is leverage public money with private money. $3.50 of private investment came in for every $1 of loan guarantees in these various programs like the battery factory the president went to yesterday. we re trying to find common ground with the business ....
President obama joining other world leaders in canada to talk about ways to help the global economy recover. it s the start of tree days on the topic rich and developing neighbors that collectively oversee 85% of the world s economy. two years ago when the economic crisis began, those leaders agreed on massive rescue packages to help turn things around. but tonight, disagreements are emerging on how and when to end those stimulus efforts. it s the top story at the bottom of the hour. our white house correspondent wendell goler has it live from toronto. hello, wendell. hello, shepard. the question being asked here in canada is the same president obama guess from republicans back home. that s when is enough stimulus spending enough? with the leaders of britain, germany and japan planning to cut spending on stimulus programs, even though they haven t created as many jobs as anyone hoped because of concern about the rising national debt. now, aids say the president will be flexible but h ....