The Daily Rundown | March 08, 2013
>> to the white house as we do every month at this time. we want to get our first reaction from the white house on the brand new job numbers. joining me now is allen krueger. good morning to you, mr. krueger.
>> good morning. so first, i want to get a reaction to the jobs numbers, 236,000, that's obviously positive, but i want to put up what john boehner just released. he said, quote, any job creation is positive news, but the fact is unemployment in america is still way above the levels the obama white house projected when the trillion dollar stimulus spending bill was enacted and it has resulted in a debt that exceeds the size of our entire economy. republicans don't seem to be taking this too happily right away.
>> no, i think if you step back, you see that the economy's continuing to improve. the recovery's gaining traction. over the last 36 months, we've added private sector jobs. for the last five months we've had over 200,000 jobs added. so this is a sign thought economy is moving in the right direction and we need to avoid self-inflicted wounds. we need to do everything to keep up this progress.
>> one thing i find interesting is we obviously see amazing growth on casa, the dow reaching record high levels, but that has not translated into hiring on main street , sort of real increases in profit margins but not necessarily bringing new people to the work force . when do you expect to see that divide narrow, where these numbers going down, these massive amounts on wall street going up will actually lead to some real stanley hiring?
>> well, we want to build on the progress that we've seen. the longer the recovery keeps going, the more confidence will come back, the more workers will be going back to work. the unemployment rate fell to the lowest it's been since 2008 . so we want to build on that progress, and a stronger job market will mean stronger income growths, and that will lead to an upward spiral that will help the recovery going forward.
>> one question i want to ask you to get it out of here, i find interesting, there's a lot of optimism for the grand background. house republicans are in the process of doing a budget. president obama 's budget has not been released yet. it's a little bit late. can you tell us when we'll expect that on capitol hill ?
>> the president is doing everything he can to get the regular order back in order to make progress. the president has made repeatedly proposals for a balanced approach to get us on a sustainable budget path. he just a week or two ago posted on the web his proposal which outlined closing of tax loopholes so we can replace the sequester, which the longer it stays in place is going to be a drag on the economy.
>> allen krueger, we appreciate it. have a good weekend.
>> go back to the gaggle here.
>> code words , balanced approach. give me a break. another massive tax increase coming from obama.
>> where's the tax increase?
>> you heard the code words , balanced approach. house republicans -- harry reid interested in a budget for the first time in four years? come on. give me a break.
>> look, the american people want republicans to come to the table. they support a balanced approach. they support compromise and people working together and right now they're trusting the president more than they trust congress. so if republicans want to improve their deficit in terms of popularity, they need to come to the table.
>> we're not buying who struck john over the sequester.
>> i'm fascinated that regular order actually could produce something, because we don't have a debt deadline just yet. we're going to get enough rank and file people here to have their say. could that build up a deal?
>> we like to be optimistic, but even know deadlines seem to be far away , nothing seems to be done till the last second. both sides, the party bases are polarized.
>> that's the story that's been amazing to me is some of us will start to say nothing will change until 2014 . only in america.