Detailed text transcripts for TV channel - CNN - 20100903:22

Detailed text transcripts for TV channel - CNN - 20100903:22:26:00

what the economy can produce at or near full employment, wolf, and what the economy is producing, because there is just not enough demand. consumers and businesses are still technically the term is deleveraging and getting out from under a lot of debt. the businesses are not investing in new jobs as long as there are no customers there, and so that gap has to be filled in somehow, and whether you are on the right or the left or ideologically a supply sider or keynesian, you have to throw it in, whether it is tax cuts or more government spending, there has to be enough to fill in the gap by government or otherwise we will have a continuation of this great jobs depression. >> and just to be clear, robert reich, what you are talking about is hundreds of billions of additional dollars in spending to try to get new infrastructure programs or whatever? >> well, it could be spending or tax cuts. look it, anything to get the consumers to spend. at the last resort it is

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