Page 202 - Stimulus Program News Today

Asked them about this? >> yes the firm has done late of work no one is saying they are unqualifying. he was terse on the phone he steered all questions to usaid said he didnt want to speak for the government. i said im asking you to speak for your country, did you know this contract had been awarded on a no-bid faces? he said after the fact, yes. before, no. >> greta: it didnt bother him. unbeliever able. -- unbelievable. >> where is the stimulus money going? the white house says almost 600,000 ...

Criteria for putting this -- for counting an individual, jobs saved or a job made from the stimulus package would be somebody whose salary was funded by the stimulus program or whose salary was increased during the stimulus program, would that person be under -- be somebody who was given credit for getting a job? >> yes. and there was a change in how -- how the reporting was done and that was because the government accountability office and others and frankly, the recipients themselves had said ...

>> can you help us understand the moving targets of numbers for jobs creation. he said actually its more like two million. on the web site it says 600,000. >> thats the real smoke and mirrors. thats where it really comes in. if you listen to the language very, very carefully, mr. orszag just said, between 1 1/2 million and two million jobs were created or saved. basically saved, hes saying, in the first year of the stimulus program. you cant prove that you saved a job. you simply cant prove it. ...

Now, the latest reports posted on recovery.com, thats where these numbers are coming, from comes just as the white house is seeking a new $100 billion jobs bill, and keep in mind half of the first stimulus program has not yet been spent. bill? bill: all right, martha. british government ruling out a -- rolling out a new security policy in the wake of the failed christmas day bombing plot, simply put, no scan, no fly. airport workers are instructed to provide a full body scan to each and every pa...

Spending that the create new jobs. less than 10% of it has gone in and will have gone in by the end of the first fiscal year. the government accounting office itself issued numbers which it said $49 billion would be spent by september 309 of new spending. youre talking about an economy which has a hole in demand because of the drop in consumer spending, drop in investment, drop in international trade of a trillion dollars. $49 billion is a drop in the bucket in that sense. thats why it didnt wor...

>> you know, look, i think biden actually responded yesterday in the paper with a point by point analysis, three-pronged analysis of what the stimulus is doing. what it has done, what it is doing now and what it still has yet to do. i think he now disagrees with you. having said that you truly believe the stimulus plan is a failure, the first one? >> i do. the sense was to get the most money into the economy as possible. the reason for that is otherwise you get a downward spiral that feeds itsel...

Of savings, cost-cutting. i think were in for a rough time. were going to be in for a jobless recovery. the program was supposed to be about jobs, jobs, jobs. thats not what it accomplished. they not only underestimated how bad the economy was they underestimated how limited this would be. >> some republican members of the house committee in washington. one idea, if we do go to a second stimulus, actually money from the first stemless had to be pulled, money that isnt work, put into a new stimul...

>> predictions of economic growth can be unreliable and chinas economy has some dangerous structural flaws. during the 2008 recession, other countries let markets address. china did not make those corrections, opting for a more hands-on response. >> they embarked on a stimulus program which theyve been continuing since that time. as they have done that, the imbalances in the chinese economy have gotten larger and larger. now they are so large that i dont think they can be solved without a system...

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>> i dont think were even close. >> that is terrifying and exhilarating. >> i think the radioactive shelf life may be a couple of thousand years for donald. and as hes said hes already ahead of schedule. >> as if there is a schedule for these things. >> i know. and hes been a stimulus program for twitter and for the media. and the thing the everyone on cable news yesterday and on msnbc i and others were on shows and people were saying. oh this john mccain thing is going kill him. he cant survive...