Jill Schlesinger reminds us of some of the events and people in the financial world for which we should be thankful.
Reporter: As American’s get set to give thanks for all of the blessings in their lives
Jill Schlesinger Editor-at-Large of CBS MoneyWatch.com joins us to
provide her financial thanksgiving.
Reporter: See Jill is from New York. Jill good morning to you.
Jill Schlesinger: Good Morning.
Reporter: Right let’s go back now it’s the third anniversary of the beginning of the
great recession and the recovery. Didn’t feels so great what should be
Jill: Well I want to just have sounded more positive note this morning and you
know what guys we are in recovery. That’s the most important thing to
remember and I’m giving thanks for that fact. This economy is actually
growing. Remember how many quarters where we were shrinking. We’re
now in 2 to 2-1/2% growth. We’ve added about a million jobs in the last
year stocks up 7-1/2% this year.
Up to 23-1/2% last year so I know it has been a really rough go but at
some level I want to be thankful for at least the progress we’ve made thus
Reporter: Anything else we should give thanks for when we eat our turkey.
Jill: You know what I think that what we ought to give thanks for is that we
can take control of our own financial lives and here’s the part that’s really
empowering gang because you can make a difference in your own life.
Here’s how you start to buy just tracking your expenses and you create
your game plan. You reduce that debt and for goodness sakes if you have
a job and you can afford it use that retirement plan, that’s going to help
you actually get through this period and save some money this is within
Feel thankful for the fact that you can make a difference in your own life.
Reporter: And Jill before you roll I know you want to give thanks to a few people.
Jill: Alright I’m a tough critic you guys know that I come down hard on some
of our regulators. I come hard down hard but you know we got to give
thanks for the folks who are really working tirelessly Fed Chair Ben
Bernanke, the Treasury Secretary Tim Geithner. We want to thank the
regulators Sheila Baird at the FDIC, Marrie Shapiro who is over at the
SEC and Gary Gensler the CFTC.
You know I don’t agree with everything they do but they really do
dedicate their lives to trying to do the best thing and we got to be grateful
for that so a little financial thanksgiving this morning gang it’s not so hard.
Reporter: Not so hard and we thank you for your insight and expertise. Thank you
Jill: Thank you.
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