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the most pressing issue there is greece. reporter: yeah. that s right, ali. what i should also mention, though is that the markets have certainly learned over the last two years this euro in crisis has gone from bad to worse. what they wish for and, then, again, what politicians deliver. what they would ultimately like to see, these leaders agreen on a bold action on a statement promising bold action like raising the euro s bailout fund to cope with countries like greece that they re still having trouble paying bills and might also like a discussion about moo mooch mutualizing. germany, of course, is still very, very reluctant to fit the bill on that, ali. different finance abilities. so that mutualization or further union mayen very far apart. the international monetary fund christine lagarde has stern warnings about the prospects for recovery in europe. what did she have to say? reporter: yeah. not mincing worlds and in an interesting position, because this time last
inconsistent, sometimes nonexistent, explanations from the obama white house. yesterday we told you about silendra a now bankrupt clean energy company whose default left taxpayers with a half billion dollar bill. the obama administration approved that loan despite warnings the company s plan didn t add up. congress now investigating whether political support for the president greased the wheels. tonight s example is a company called lightsquared. it was green lighted to build a new broadband internet network despite objections from several government agencies. the pentagon complained the most. warning this new network could undermine satellite based weapons targeting and other sensitive systems not to mention your efforts to get driving directions. based on the test results and analysis to date, the lightsquared network would effectively jam vital gps receivers, and to our knowledge thus far, there are no mitigation options that would be effective in limiting interference t
the reality is that employers will hire, if they ve got the right incentives. but the incentives have to outweigh the costs. as an example, businesses aren t going to hire someone because the government s going to give them a $4,000 tax credit. if the government mandates that are imposed on them cost a lot more than that, temporary credit. in recent years these mandates have been overwhelming. private sector job creators of all sizes have been pummeled by decisions being made right here in washington. they ve been slammed by uncertainty from the constant threat of new taxes out of control spending and unnecessary regulations from a government that s always micromanaging, meddling and manipulating. they ve been hurt by government ideas that offer short-term gimmicks rather than fundamental reforms that will encourage long-term economic growth. they ve been hampered by a government that offers confusion to entrepreneurs and job creators when there needs to be clarity. they ve b
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