What Needs to Happen for Jobs to Return
Todd sits with Bloomberg's Pimm Fox and others to discuss the current economic situation, specifically unemployment.
Yesterday, Todd was on Bloomberg TV's Taking Stock with Pimm Fox, discussing President Obama's plans to ask Congress for billions of dollars in fresh spending to reduce unemployment while also proposing to take a bigger bite out of the nation's long-term deficit.
Asked about hiring in the US, Todd points to two factors which encourage job growth. The first is an uptick in demand, which we are starting to see. More importantly though is the fluidity, or lack thereof, in the capital markets. He notes that there's a big difference between a stock market recovery and an economic recovery, saying "There was a rally, but there was no recovery."
Watch the full video below:
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