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Behind in a sense. it really is because you look at the tech boom, of course, out in california and, of course, the energy boom in the midwest, in the southeast, some of these manufacturing jobs are coming back. the northeast has got to get their game going, man. >> well, the problem is those that can't afford to move around like that. i think that's why steve's chart indicates why the president's emphasis is where it is. talking about the middle class and the poor who can't run the north dakota or texas. and who have to live with an economy that has really began shrinking for those that were ...

But that was driven by the bubbles. i don't want to put words in joe's mouth. i don't know if that's what stiglitz had in mind but i tlink's a story there. >> it's been sort of a weird continue yags and discontinuity with those trends which is we have inequalities there, record profits. we don't have any replacing asset bubble, right? there's nothing like the tech boom and there's nothing like housing and so this is now kind of what -- increasingly this is what recovery or the normal is in the absence of the kind of injection of an asset bubble we had in the past. >> i do thing it's important ...

Economic policies that led to the greatest expansion in a century. >> during the clinton era we had a technology boom. we had a balanced budget. we had a very accommodated i have fed easing rates. right now we have no new tech boom and balanced budget and fed can't cut rates so the situation is not comparable. >> bret: time to get ready for clinton endorsing president obama on wednesday. quick look at the two presidencies. president clinton average jobless rate 5.2%. you see 9% for president obama on the g.d.p., average is 3.9% and then the total deficit. $1.5 trillion average. the total, i'm ...

Economic policies that led to the greatest expansion in a century. >> during the clinton era we had a technology boom. we had a balanced budget. we had a very accommodated i have fed easing rates. right now we have no new tech boom and balanced budget and fed can't cut rates so the situation is not comparable. >> bret: time to get ready for clinton endorsing president obama on wednesday. quick look at the two presidencies. president clinton average jobless rate 5.2%. you see 9% for president obama on the g.d.p., average is 3.9% and then the total deficit. $1.5 trillion average. the total, i'm ...

Economic policies that led to the greatest expansion in a century. >> during the clinton era we had a technology boom. we had a balanced budget. we had a very accommodated i have fed easing rates. right now we have no new tech boom and balanced budget and fed can't cut rates so the situation is not comparable. >> bret: time to get ready for clinton endorsing president obama on wednesday. quick look at the two presidencies. president clinton average jobless rate 5.2%. you see 9% for president obama on the g.d.p., average is 3.9% and then the total deficit. $1.5 trillion average. the total, i'm ...