Detailed text transcripts for TV channel - MSNBC - 20110712:02:22:30
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And all they get from the president are attacks on republicans. listen, it's been 18 months since the president took office. the democrats here in washington have spent trillions of dollars of expanding the federal government, yet millions of americans have lost their jobs and our unemployment rate is at 9.5%. >> but because unemployment checks get spent right away, nothing in them that you can put in a savings account, economists all agree that extending benefits is one of the most effective ways of stimulating the economy in a recession. >> so the republicans are saying you must pay for unem...
Of expanding the federal government, yet millions of americans have lost their jobs and our unemployment rate is at 9.5%. >> but because unemployment checks get spent right away, nothing in them that you can put in a savings account, economists all agree that extending benefits is one of the most effective ways of stimulating the economy in a recession. >> so the republicans are saying you must pay for unemployment insurance which diminishes its capacity to create jobs and you must, but you must not pay for tax cuts for the wealthy, which did nothing to create jobs except to take us into an ec...