Page 185 - Stimulus Program News Today

Give him a grade on economic and foreign policy. >> on the economic side i would have to grid him as a failure. id say he failed the exam, largely because of the results. unemployment still way through the roof. he took what i think was a recession that could have been over a year earlier and extended it an extra year with a disastrous stimulus program that just added to the debt and the deficit, with no discernible affects on the economy. dont tell me he saved jobs. i never got counted by the j...

Omnibus spending bill which had $8 billion in new ear marks. on the other hand, congress did pass that extension of tax cuts and also unmany ployment benefits which adds another are trillion dollars to the deficit. my question is did congressing get the message that voters were sending in the midterm elections? >> well, i searchly dont -- i certainly dont believe that the lame duck congress did. ede omnibus would have raise the baseline $40 billion when you take all of the tricks out of it. we w...

Omnibus spending bill which had $8 billion in new ear marks. on the other hand, congress did pass that extension of tax cuts and also unmany ployment benefits which adds another are trillion dollars to the deficit. my question is did congressing get the message that voters were sending in the midterm elections? >> well, i searchly dont -- i certainly dont believe that the lame duck congress did. ede omnibus would have raise the baseline $40 billion when you take all of the tricks out of it. we w...

Budget director who was in the job a few months ago who said this is not a good idea, ready for a stalemate are new whats new. stuart varney, fox business network, host of varney & company. first the news, what do we expect to hear on the economy? >> today the president goes to cleveland, he is going to be pushing for a $200 billion tax credit plan, part of the overall stimulus program, hes going to get personal, hes going to talk about his own financial struggles, to use that as a way to levera...

That would help put our economy on a stronger road to recovery. >> so it is not stimulus. >> are you prepared to deficit spend? >> there are certainly proposals in here that would do that. >> my next guest supports what the president is doing. democratic congressman from massachusetts joins us now. congressman, in 2007 president bush, then president bush agreed with nancy pelosi on a $168 billion stimulus plan. in march of 2009, president obama passed the $814 billion stimulus program. and now, ...

Thats what she wants and now this parting shot, almost defiant lee saying, okay the economy is tailing down, but we need more stimulus. megyn: she is leaving, who cares what she thinks? does she speak for the administration? is she forecasting, do we have any reason to believe the views or the plans of the obama administration? >> reporter: she is exerting pressure on the administration. she is joined by academics, like laura tyson. a new york columnist paul crugland. they want a million dollars...

Stu varney of the fox business network host of varney & company is my guest now. im no economist, another government bail out of some form? >> reporter: yes, yes, all correct, yes. that was code. what miss roamer wants is another big, new stimulus plan. she is on her way out as you pointed out, she is leaving the white house, leaving her job. as she goes out this is a parting shot saying, i was right. the original stimulus program worked, it was too small we need more of it because the economy i...

Back to their constituents and say we need more spending, or we are going to spend more government money they will be out of office. i think there is no political will in favor of a big, new stimulus program but thats what the left wants. megyn: his hands are very much tied in a way, president obama, because the left really wants another stimulus plan. they wanted the first one to be bigger than it was now they want a second one. he realizes he cannot get that through, not with this congress. wh...

Difficult. the money goes from the feds to the states to the nonprofits to the contractors. you know how many hands are touching money. how much fraud can be possible and we know the government already, hapless spenders. by the time the money gets down to the contractors, they get out weatherize their homes and so much lost along the way and it comes down to jobs. so were not seeing the jobs we need to be creating through the stimulus program. >> there are similar with the green jobs theyre tryi...

Amazing the vice president would choose to put a spotlight on this program that had so many problems. where i think people can relate to the administration saying we started this massive stimulus program, the shovel ready project, so-called shovel ready like this one have not been shovel ready. states have let me down. then we could be on a dialogue where were working together. instead, we feel like were being snowed. not meaning to bring up the draft again. lets bring up some illegal immigratio...