James Early

speaker
617 appearances 9 recordings 1 series first heard Apr 2009 last heard Nov 2009

James Early’s voice in public audio — every appearance, attributed to the second.

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There are actually two kinds of unemployment numbers.
There's the regular unemployment number.
That was the one that went from 9.5% to 9.4%, where people call around and ask people, do you want a job and do you have one?
So it ignores people who might have backed out of the workforce to go to school or to have a baby.
There's a separate number.
Exactly, a payroll number, where you call employers and ask them, have you added jobs, cut jobs?
that number is still down.
They lost 247,000 jobs that way.
So the numbers still aren't quite as good as people think.
I mean, unemployment is way above the long-term average now.
It's gotten a little bit better, but it could stay above 9% for five years if the recession lasts that long.
Yes, I am.
Speaking of consumer spending and making laws, I mean, this is a boondoggle, in my mind, of the first order that subsidizes people who bought gas guzzlers and the companies that made them for so long.
I mean, clearly, at a minimum, I have to say, the government just –
grossly underpriced this.
You know, we're getting, in some cases, perfectly good vehicles off the road and destroying them.
I'm all for getting these gas guzzlers off, but I think this is a very poor way to do it.
The fact that the money was gone in days is just kind of ridiculous.
Well, first, let's put this perspective.
Yeah, AIG is kind of a Lazarus of a stock.
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