Some say the recent Labor Department's jobs report for May is less than encouraging: 8.2% unemployment and only 69,000 jobs added to the economy. And as Alison Kosik has been reporting through the morning, the markets don't exactly like this news. These figures aren't exactly good for the Obama campaign, either.
This morning on "Starting Point," Senate Finance Committee member Senator Tom Carper (D-Del). talks to Soledad this morning,
and explains that some of the talk around economic indicators and says things aren't as bad as they seem.
"There are four things we ought to do," Carper says. "One is not talk ourselves into recession. Hair is not on fire, let's keep that in mind."
Carper does go on to say that are a number of indicators that show the economy may be stronger than it seems. He says corporate profits are strong, the housing market is coming back, and energy costs continue to drop which drives consumer confidence.
"What we need to focus on are things we can do," Carper adds. "They are: Don't talk ourselves into recession. Number two, continue to hit a bunch of single small things we can do to move the economy... Three, get ready for doing something really big after the election. Four, to have $5 trillion in deficit reduction. Bowles-Simpson plan is just an excellent road map to do that."
"We just need to do it," Carper says.