Combo Policy News Today

Thats very challenging. >> so you talk about $650 billion spent in short-term stimulus spending. a lot of people out there would say thats reckless, irresponsible. it could never happen. but, explain how if that stimulus spending is coupled with a long-term debt plan, to take down the debt over a generation, how the markets not only would free up those $650 billion, but they couldnt write the check quickly enough for it? >> exactly. >> they would rejoice. >> the austerity folks are getting it wr...

Enthusiasm, towards obama is not there at the moment. and thats a big concern for the obama campaign. you know, the young people went away -- >> why not? why arent they there? >> because basically what he promised was to go to washington and do things differently and achieve different results. remember, the great line in the denver speech, you know, basically saying that continue to do the same thing in the same way, bringing in the same players, is a definition of insanity. his version of that....

Favorite of immediate austerity are wrong. i would go further than that. the combo policy is the only thing that has any hope after the first stimulus package of getting an extra additional stimulus in place. >> right. but the combo policy, i mean, has that key element of stimulus now. which was being rejected by many people in the white house, including larry summers, who after he left the white house, started again writing pro growth op-eds. the point is that the president in the end made the ...

Following financial crises, just period. because you wind up with this ugly combination of very slow growth and a very weak labor market and this massive increase in debt, both of which the population doesnt like and thats true in europe, its true here if you look historically when youre hit with the financial crisis, the government suffers or the popularity of the government suffers. i mean thats not to say we shouldnt sit here passively but we should recognize its not pleasant to live through ...