Page 189 - Stimulus Program News Today

Positive effect, but they say that the stimulus plan helped to drive up the national debt to $13 trillion. >> when you spend this much money, and some jobs are created, but what is the price that we have paid for future generations of americans? a $1.1 trillion additional debt. >> reporter: the obama administration says that the spending is well worth it, and white house spokesman robert gibbs getting in a dig at senator mccain noted that a one-time economic adviser to him, mark zandi has credit...

Economy, are still suffering. wendell goler is live with more. is the president taking a bow here? is that what this is about? >> after months of defending the stimulus program, the tarp pending by saying things would have been worse without them, white house officials feel the auto industry is a success story they can celebrate here. the president telling workers that gm, chrysler, ford are making money. 10,000 jobs expected to be created by the auto industry this year alone. with congressional...

Week suggested what your professor friends are saying that it is going to take more stimulus. what was interesting is christina roamer publicly is supportive of obama, but privately she wrote saying the economic damage that will result when obama rolls back to bush -- rolls back the bush tax cuts going to be enormous. >> presidents economic team is split on the idea of spending more money on a new stimulus program now. some want it, some dont. and they are split on the idea of increasing taxes o...

Week suggested what your professor friends are saying that it is going to take more stimulus. what was interesting is christina roamer publicly is supportive of obama, but privately she wrote saying the economic damage that will result when obama rolls back to bush -- rolls back the bush tax cuts going to be enormous. >> presidents economic team is split on the idea of spending more money on a new stimulus program now. some want it, some dont. and they are split on the idea of increasing taxes o...

Did if they would not have done that. and same thing with fannie mae and freddie mac, and if the government would have done its part we would not have had this disaster. >> what is worse, highest debt or highest unemployment? should the president pump more money into the economy? >> thats a critical question. there are a lot of people who are advocates of more stimulus and more deficits, larger deficits. i would point out we had an $800 billion stimulus program in which -- or about which the adm...

Same thing with fannie mae and freddie mac which were not addressed in this reform bill. if the government had done its part, we wouldnt have had this disaster. >> mr. zuckerman, what is worse, a high u.s. debt or high unemployment? obviously the base of that question, i guess, is should the president pump more money into this economy? >> well, you know, thats a critical question. there are a lot of people who are advocates of more stimulus and more deficits, larger deficits. i would point out w...

Benefits, even in the 80s when you had a terrible recession, we only got up in the mid 70-plus weeks. so republicans are saying, you have to pay for it. what they want to do is use the unobligated and unspent part of the stimulus program. and the democrats are saying, absolutely no way. and by the way, republicans, funny how you dont feel the same way about fiscal discipline when it comes to tax cuts for the wealthy and you want to extend george w. bushs tax cuts. ali, of course this is setting ...

62 percent say no. what about that consent? bob cusack is managing editor from the hill. good morning to you. that is folks like you and me and everybody else watching this program, right? tkpwhrao exactly. everyone knows the electorate is angry, people are angry, but these numbers are a bit surprising because they show that democrats are losing the message as far as the government and what theyre pushing. they pushed a stimulus program, but yet unemployment is still high, they pushed health car...

Pursuing and passing his big agenda? >> because it has not seemed to be focused on the things the public is concerned about. the economy was job one. they did something on the economy that the public did not like and did not believe in and does not believe in to this day which is the stimulus program. and since then the president has been on to other things, other things that were no where high on the publics priority list. i speak, of course, of the healthcare reform bill. financial reform regu...

Pursuing and passing his big agenda? >> because it has not seemed to be focused on the things the public is concerned about. the economy was job one. they did something on the economy that the public did not like and did not believe in and does not believe in to this day which is the stimulus program. and since then the president has been on to other things, other things that were no where high on the publics priority list. i speak, of course, of the healthcare reform bill. financial reform regu...