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Campaigning for russ fine -- in a more private moment. campaigning for russ feingold he said we never going to recover the eight million jobs we lost. did they know the truth and not willing to tell the people the truth? >> i don't know i want to give him the benefit of the doubt. biden's economic adviser signed that paper january 9th, 2009 that said if we don't spend a dime unemployment will go over 9% well into 2010. we passed 862 billion dollars worth of spending and we got the performance of the economy that they said we would get if we did nothing. we did their something and their somethi...

In february they said oops, we made a mistake, 75 billions more than we thought, 9% error estimating the cost of this. of the 862 billion dollar, 4% is for highways, bridges and mass transit. they talk about shovel-ready projects they leave the impression this is about rebuilding our instructure five billion dollars for obesity counseling and smoking cessations programs. it is not a stimulus bill. >> sean: bill clinton said this is what we ought to be doing on the oil spill: looking to stop the spill. secondly, it from getting an shore. he goes through a list of priorities. there will be plent...

Bill we'll have the economic performance that we've ended up with. >> sean: i thought it was mean spirited he goes to wisconsin hanging out with guy at a custard shop the er and calls him a smart-ass because the guy says can you lower my taxes? it doesn't seem they understand what their role is, to be public servants. that seems to be missing. and there's a certain arrogance i wouldn't expect from the vice president of the united states? >> thin-skinned. bantering in the custard shop the guy says lower my taxes and he gets ly. when you are arrogant and think you know it all and somebody challe...

Shannon: in this letter to capitol hill in which the president is asking for the 50 billion he said, this investment could jumpstart private second store job creation. how so? >> i don't know. that first stimulus package of $862 billion hasn't. weevil have a 9.7 -- -- >> the money has to come from someplace. if the government spends the money. if i loan my money to the government, by definition i'm not look it to a private business. all we are doing is substituting public investments for private sector investment. i think in the private sector and profit motive -- no stimulus package going bac...

If we do another emergency fix, if the president can convince capitol hill to do that, where does it end? eventually the bill comes due. >> it was $862 billion in stimulus spending. now we'll get another $50 billion on top of a pending bill being debated in the senate. the first rule of economics is when you take money out of the private sector or puts it in the public sector it comes from the private sector. so we have to ask ourselves the question, what is a more productive investment, liempght in the private sicker to to invest in new businesses or bailing outs defined pension plans that ar...