U.S. Ends Another Painful, Slow Growth Year: Meyer

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Dec. 6 (Bloomberg) -- Michelle Meyer, senior U.S. economist at Bank of America Merrill Lynch and Bloomberg political analyst Matthew Dowd discuss jobs and economic growth on Bloomberg Television’s “Bloomberg Surveillance.”

Yet go -- be better yet go -- be better?

There may be some upside risk.

Three months moving average, how do we make matt dowd and washington happy if so much of america is miserable?

We have to get over 200 thousand.

They were 200,000 for a long time.

We lost a considerable amount of jobs.

We are not even at the precrisis level of jobs.

The participation rate in actual number of people working, it is down an all-time low.

Exactly.

We have made a little blip higher.

Does that mean -- i understand you do not advocate public policy.

But what is the value of stimulus right now?

If paul krugman say it's -- says do something, what is the urgency as we go into next year?

The urgency is that this is just one more year that is coming to an end in this slow growth recovery that has been painful for a lot of people.

Whatever we do to help stimulate jobs?

I think if that is obviously doing whatever is in their capacity and they are keeping costs low, helping creation with the hopes that it inflates well and create consumer spending.

That supports business creation and job growth.

It is a slow process and there have been a lot of challenges, undoubtedly.

Of course, the pressure is on for the fiscal side to come up with solutions, not just the monetary side.

Is there any movement on the fiscal side that will be closer to -- there will be band-aids.

Ultimately we are not going to get out of this political mess until after 2016. he are now in a situation where the president is entrusted by the majority -- isn't trusted by the majority of americans.

The ability to get anything done in any meaningful way is going to wait until the next president and how much work can we didn't tweet 14 if we cannot curb the tide of sequestration.

-- can we go in 2014 if we cannot curb the tide of sequestration.

They could drop lower.

I fear is that people are going to start acting out.

The majority of the country is so upset, it hasn't been dealt with for so long -- are you talking about social unrest?

I believe we are on the verge of our version of the arab spring.

Have seen all the strikes over the minimum wage.

People have said -- we have done this for 25 years.

Real median household income is back to 1998. that is right.

A lot of that is because of this very deep recession.

It made it that much worse.

I think the challenges, look at what has happened over the past few decades.

You had amounts of consumer spending.

Jobs economy was fueled and leveraged by debt.

People do not have the ability to spend.

They spent on borrowed money.

Thank you so much.

Michelle meyer, getting back to bank of america merrill lynch for the 8:30 job seaport.

It was an odious apartheid state.

According to john campbell, a senior fellow at the council of foreign relations, nelson mandela is a nonracial democracy according to the rule of law pt is the president of the consulates of foreign relations.

Ambassador, this moment has been a long time coming.

What is the view forward?

South africa was the beneficiary for two grateful things.

First was the peaceful transition of apartheid to a new political system and his own willingness to live -- and to give up political power after one term as president.

The problem has been since then,

This text has been automatically generated. It may not be 100% accurate.

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