Analyst: Job Situation Is a 'National Disgrace'

Yahoo News' Jeff Macke explains why the economy remains weak weeks before 2012 election.
3:00 | 10/03/12

Coming up in the next {{countdown}} {{countdownlbl}}

Coming up next:



Skip to this video now

Now Playing:


Related Extras
Related Videos
Video Transcript
Transcript for Analyst: Job Situation Is a 'National Disgrace'
Let's bring in now -- -- from Yahoo! finance our partners -- Yahoo! News. Our partners that we value so much thank you very much for coming on as a negotiator so we're just talking about the economy. Most people look at the economy through the lens of how -- doing. Paint the broader picture how are we as a country doing for four and a half years post collapse. It's that is the fourth anniversary of TARP troubled asset relief programs unprecedented when we're in the middle financial crisis and -- I feel better now four -- go -- I was -- country doing. Terribly I think I think the job situations national disgrace. It's a different version at its worse than that I'm actually want 368000. Americans last month. -- -- They -- Donnelly reports and -- have a job and look for -- last four weeks. We earned a nation quarters we have to do that apparently that either party and I think a lot of people do I think that -- of the country's one. Some you know just -- just show me -- way out of this thing because we're not doing. -- -- it's been thrust at them all day but I think that the number of people propping up labor force fewest number of people with experience -- like any one. That to me -- track. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- It's a little like quarterback football to your team wins a super lawyer quarterback if not here regard as -- they don't have direct control what -- can be passed legislation. Think it's a start -- -- park before. President Bush from the much I didn't have time that he -- temper -- his approval ratings were unbelievably -- he got bathroom. He got -- through and that's the kind of we need compromise -- politics compromised -- laws passed that's all present can do is we can't. Let's that that is actually a good lead -- -- the question that as having read each other's mind but. When you look at what these candidates are talking about a lot of it is sort of stuff around the edges were gonna change the tax -- here. We're going to make sure that these millionaires paid more there. Dressing and all -- And structural issues. Jobs jobs jobs how I was taught us that as a bunch and -- -- middle class jobs come back in the -- you do that. Is to get these corporations to bring -- money back home without one trillion petroleum that that's thirteen digit number incorporate captioning wrong. And the reason -- it was as we have the highest corporate tax rate in the world. Among supplies and lower that. Get the jobs coming back to the states and briefly that middle class now Obama and Romney are both supportive of a tax cut for corporations it takes the political will. To come out there and say you know what I know we don't like the corporation -- cut taxes as we need -- cash back here to build factories they both want to do it. I want to stand up and do it tonight sixty million Americans watching. Who's gonna lead -- somebody. -- found what one other thing that we've heard a lot of people talk about in the political press is eighty voters are getting used in this economy -- and more. And that is we heard senator can talk about the the political gravity why is the president. Doing as well is he is considering how bad things are that Americans -- so they're optimistic I think that's very true but do Americans now just think well. This is the way things are in this economy. I think there's cynics and I think that it's got two minutes and that is what types of factors were boxer Mike Tyson who underwent earlier things -- Both candidates have to come out fast that opening two minutes statement. And tell people why should consider as we present it might be years there have been -- -- comes -- -- get the chance naproxen is right down and maybe I am here. But what you have to do is now we actually odd moment Iran needs to humanize the numbers present Obama needs to not say things like it could have been worse it could have been worse is not -- -- platform that's actually know what you gotta talk in me from here. -- there the bleeding stopped that's just fine this isn't that it's not acceptable. Excellent that you.

This transcript has been automatically generated and may not be 100% accurate.

{"id":17390506,"title":"Analyst: Job Situation Is a 'National Disgrace'","duration":"3:00","description":"Yahoo News' Jeff Macke explains why the economy remains weak weeks before 2012 election.","url":"/Politics/video/presidential-debate-2012-analyst-job-situation-national-disgrace-17390506","section":"Politics","mediaType":"default"}