Detailed text transcripts for TV channel - MSNBC - 20110928:23:48:00
When i talked to him, he said when the consumer is not spending and business isnt investing, the governments got to pick up the load to do that. he did that big stimulus bill. why are we still facing 9% unemployment? thats what most people ask it. >> he did a big stimulus bill, by the summer of 2009 he realized it hadnt worked. it wasnt enough. then they got into a swirl, lots of re-litigation. larry says division aggregate demand, not enough demand. >> need a bigger demand. >> and then they got...
Big Stimulus Bill Business Isnt Investing Larry Summers Hadn T Division Aggregate Demand Pre Litigation
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