Page 9 - 780 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Million is consider the first project of president obama's $780 billion stimulus package, it brought jobs and money to this tiny missouri town. when he signed into the law his goals was lofty. >> the america recovery act that i will sign today a plan that lays out the principles i laid out in january is the most sweeping economic recovery package in our history. >> reporter: but two years after the signing the stimulus has not delivered on on all the promises made. unemployment then was 8.1%, and the white house economic team at the time predicted employment would now be below 7%. it's current...

Wasn't that fun, having the president of the united states opening up our show? all right. you know what, for a year now, we have been talking about shovel-ready jobs, how if we had the shovel-ready jobs and the bill, 780 billion dollars we'll keep the unemployment low and put people to work and save the country aen save our economy. well, you know, how many of you have been noticing this, but the president has been talking about shovel-ready jobs for a long time. just watch. >> all of them have projects that are shovel-ready. we've got shovel-ready projects all across the country. shovel-read...

>> well, gib rk, gibbs was aske this directly, and i think romer said this is not my father's recession. and she said the way out of it is more spending and also more tax cuts. i think what robert gibbs was saying today is that you're not going to see a stimulus plan on the order of what he saw in the $780 billion spending plan. a payroll tax holiday or infrastructure spending, she's saying you got to do some spending and you got to do some tax spending. >> nbc's savannah guthrie. thanks so much. and a police news conference is about an hour away in silver spring, maryland as chilling new de...

Institutions in the world. only 11 of the 17 paid back the cash they took in the bailout money. with me, bob bob o'brian. >> they're the usually suspects, citigroup, jpmorgan, morgan stanley. goldman sachs, bank of america, the large banks and even the relatively small banks. they received the $780 billion tarp bailout. >> gregg: why didn't washington see this coming and act to make sure it didn't happen. >> washington would have argued we were in crisis mode. they were plugging a dike that seemed to be cracking in front of them so they wanted to get the money -- liquidity into the system and ...

The real estate pages, you know, what are the options here? what are we expecting these world leaders to be talking about, mike? >> interest rates are low, but not that low. >> maybe if we pull our cash. >> perhaps. in all seriousness, this is a very important meeting. couple things to note here. president obama heads to this meeting with victory in hand handed to him overnight by the senate and the house coming to agreement on the financial reform package here in the united states. of course, much of the great recession, as it was called, the blame pinned on those credit default swaps and lac...