Qe 2 News Today

Welcome back. were back with our panel. john hilsenrath, ed rollins. steven ratner, chairman of willett advisers, former counselor to the u.s. secretary of the treasury. steve, thanks for joining the conversation. >> thanks for having me. >> i want to ask you about the economy where we are. tim geithner just out with his book "stress test." its been seven years since the dark days or six years since the dark days. how would you characterize things? >> actually, im in the middle of reading tim ge...

When they ended qe-1 and qe-2, stocks fell because the economy wasnt in a self-sustaining recovery. every data point will get that scrutiny between now and the end of the year. >> im going to ask both of you the question. stephen moore, what letter grade to you give the economy right now? >> you know, i would give it about a b-minus, but im optimistic about the future. when you take into account the fact that corporate balance sheets still look beautiful, american companies are lean mean fightin...

The dinosaur, it makes you a little nervous. so please calm us down. >> well, you should be very calm about this asteroid, a 1998 qe-2. we are the first humans as far as i know that can do something about an asteroid that had our name on it. like we like to say, we live in a cosmic shooting gallery. if you look at the surface of the moon, there are a lot of craters. if you look carefully to the surface of the earth, there are a lot of craters. so we dont ever want to get hit by unof these things...

Space? joining us tom jones, a planetary scientist and a former nasa astronaut. tom, youve been working on such a plan talking about it with the united nations. tell us about it. >> well, at the united nations, jon, there is an effort to have international collaboration among the space agencies to share the resources and share information about the detection and warnings of asteroids in the future. with that warning information, the space agencies could collaborate on a deflection mission to war...

Than that. this is major. how long have they been tracking it? >> well, named since 1998 qe 2. they first discovered it in 1998. that is the closest it will come to us for at least 200 years. it is not dangerous to us now and it wont be for another 200 years at the minimum. what the encounter is just a reminder that we are just kind of zooming through space in a cosmic shooting gallery and there are all these rocks out there. millions probably and we only discovered about 10,000 of them. when yo...

Administration. now i dont know that voters are going to connect the dots quite that way this year. the implication is that this posturing and this long, loud talk for a year about how the economy still needed more stimulus and spending essentially sealed the deal for republicans in 2010. >> i love first of all that its democrat incumbents and not democratic incumbents. i like that technique. >> im reading the quote. >> im always amused when i hear that one. its a little dig they cant resist tak...

The economy and deciding not to act because of the timing of election day. that to me -- >> one thing really quickly. he just said that the economy is getting better. >> who did? >> mitt romney just said that. >> some would argue rightly that qe 3 is in fact an admission that obamas policies are not working. and republicans have evidence to back it up. qe 2 has not worked. qe 1 has not worked. ill point you to an interesting argument made in the guardian. essentially qe 2 and the fed posturing w...

Which involves billions and billions of dollars in bonds being purchased to keep interest rates low. governor romney said do not do this. >> you know, i dont think qe-2 was terribly effective. qe-3 and another that stimulus is not to help this economy. that is the wrong way to go. i think that it also sees the kind of potential for inflation down the road that would be harmful to the value of the dollar, nothing harmful to this development and stability that our nation needs. reporter: governor ...

months. >> its another hammer blow to the struggling middle class families in america. >> what the numbers say about business with bet founder bob johnson and former hewlett-packard ceo carly fiorina. im candy crowley, and this is "state of the union." first today, mitt romney. gloria borger caught up with the nominee yesterday in indiana and he hit back on president obamas proposal to raise tax rates for people making over $250,000 a year. >> i think it would be an enormous mistake ...

taxes and deficits when she should be focused on how to create the best environment for job creation, job creation is the single most important matter facing america right now. not taxes, not deficits, not debt, and not health care. in july the unemployment rate ticked up to 8.3%. dont worry too much about. that look at the right side of your screen. 163,000 jobs were added to the economy. but 12.8 million americans are still without a job and looking for work and close to a third of t...