Detailed text transcripts for TV channel - CNN - 20100731:17:04:00
State and local governments begin to do their cuts we're seeing job growth actually go in the other direction. we saw negative job growth in the last month. even as private payroll goes up. i think the hard reality is after all they did in 2008, 2009 to stimulate and stem the blood money it stopped the losses and did trigger recovery. but the problem is it's not enough and it's not -- the economy is not growing fast enough. the pace at which we grow is really important. it's not growing enough and fast enough to generate the jobs. i think we will see some hiring pickup in the fall, but it's st...