Page 9 - Aggregate Demand News Today

Perry, misgivings and now are expressing the protest to rips -- rick perrys performance and perry dropped ten points and herman cain gained ten points. having said that, it is also a real expression of the tea partys impact and the conservative base of the republican partys impact on the aggregate demand by folks on the right for a strong experienced critic of obama, someone who will speak common sense, be candidate, have specific plans and be aggressive in trying to oust president obama. they t...

how about you? >> oh, im a bears fan. >> shes a chicago boy. ill give you the highlights. >> there you go. >> okay, drew. >> thanks a lot. drew griffin here in studio 7 for suzanne malveaux, whos over in afghanistan. lets get you up to speed. new numbers out today provide more evidence of a very weak job market. the number of americans filing first-time claims rose. it was up to 414,000 last week. why is that important? economists say the number needs to fall below 400,000 to reduce th...

Done different, looked for longer term maybe even medium to longer term changes to policy we could have made that wouldnt give us this kind of hangover. we know from studies what happens after a financial crisis, often a long decade of really slow growth. jack things up a year or two with the stimulus, the hangover comes a at a time we cant afford it. i say were getting that hangover right now. >> stay with you one second. what do you say to those who thought we van aggregate short faal and need...

steven moore and robert reich, labor secretary during the clinton administration. currently hes a professor of public policy at the university of california at berkeley and author of "aftershock, the next economy in americas future" now out in paper back. ali, what happened today? >> reporter: we had a situation where its not just fear we were talking about. this was actual fact. we started this morning with slow bad markets out of europe. then before the markets opened we got this rep...

people can feel like they can have control over now, if you can get through to the bankers. >> were trying and its not cheap to refinance. >> thats right. >> you have to think about whether you want to do that. >> if rates go low enough, its good to check it out. >> its friday. >> yes. >> yeah. although the week started off well, the realization that a second recession may be drawing closer is hammering stocks this morning. actually futures. here in the united states, the dow dropped 4...

central bank and the fed would have to get further involved in this economy. now, you know all week weve been talking about rick perry saying it would be treasonous for the fed to get involved. while his comments may have been misinformed it represents a view in america that fed should do no more work in stimulating this economy. so now we have investors saying we need more investment. you got the morgan stanley saying we do. and youve got a lot of people in america saying dont do it. ...

talking about. this was actual fact. we started this morning with slow bad markets out of europe. then before the markets opened we got this report from morgan stanley which talked about slow growth around the world, telling us things we already knew. but they said were on the pr s precipice of a recession. they also cited errors in policy making here in the united states and in europe, and they said its likely that european central bank and the fed would have to get further involved i...

"aftershock," which is now out in paperback. ali, what happened today? >> a lot of things happened here. we had a situation where its not just fear weve been talking about. this was actual fact. we had -- we started this morning with -- with slow bad markets out of europe, then before the markets opened, we got this report from morgan stanley which talked about slow growth around the world telling us things we already knew. but they said were on the precipice. they didnt say we were th...

europeans and the americans might have to have more central bank intervention into the markets and also said that there have been policy decisions in europe and the united states that have been poor, and then on top of that, that was enough. that was already bad, brooke. then we got some economic reports right here in the united states. slowdown in housing, slowdown in manufacturing, and, you know, not a great report about new jobless claims. basically it all piled on. people ran out o...

Long-term economic recovery if you start taxing wealthier americans? >> no, the risk is if we dont. we have a $14 trillion economy that has only $13 trillion a year in aggregate demand because we put lots of money into the hands of the rich and they dont spend it. how many yachts can you buy? we have a chronic deficit just to keep the economy going because weve given tax cuts to the rich. when the top tax rate was 40% under president clinton we were seven year as way from paying down the entire ...