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Provides for a case-by-case basis, doesnt ban it. the u.n. is within its rights to punish iran or sanction, use whatever policy tools it wants to on issues outside of nuclear agreement. but whether thats a good idea or not is a separate policy question. >> jim walsh, thanks. kristen welker is still in the briefing room for us over at the white house. join in the conversation here. >> reporter: hallie, the treasury department putting out a little bit more of an explain a explainer. it says todays...
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Nine months ago we were growing at a 5% rate. in the early part of the winter, that had come down to 2% growth rate and now were actually shrinking. down .7%. the economy is shrinking. now the worst of the problem is, what do we do now? what policy tools are available to us to get us out of this rotten downtrend? were not going to lower taxes. the president wont have that. we cant print anymore money from the federal reserve. we tried that and it only boosted the stock market. were not going to ...
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To folks who were involved in the planning in libya, and everybody said this would not be quick or kinetic, and do we want to see our involvement? costs which is vital for those in charge of military policy to understand, we have shown so far that we dont understand how to balance military action and other policy tools, state department, commerce, things like that. thats what wore me here. i dont think we have a good past forward. >> do you agree with that, professor? if you do, what do you see ...
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Because only so them cant get loans to hire and expand, but the fed has other policy tools that it could use to help to push interest rates lower for example. it may have to use them. the recovery rate we have is modern and slightly above the long-term sustainable rate. it is not going to create jobs at a very quick pace. >> well, this chart shows you everything you need to know about bank lending right now. it has dropped 25% at the nations big banks. a $200 billion haircut, bret. >> peter, wha...