Detailed text transcripts for TV channel - MSNBC - 20110513:02:51:00
Here's where the deficit would be without the outside factors. here is the economic downturn. the housing crisis, the stock market crash, etcetera, etcetera. and, of course, here is where t.a.r.p. comes into the picture. t.a.r.p. and freddie and fannie. that's the problem right there on the graph. freddie, fannie, and t.a.r.p. of course we hear the republicans say we got to get rid of that. then we have the stimulus package. if you notice president obama's spending impact on the deficit, which by the way helped us avoid a second great depression vanishes in just a few years as that goes down. ...
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