Detailed text transcripts for TV channel - MSNBC - 20110725:14:05:00
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Detailed text transcripts for TV channel - MSNBC - 20110725:14:05:00
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Detailed text transcripts for TV channel - CNN - 20100815:14:05:00
Which is the economy is doing badly, the government needs to step in, spend a lot more money? >> i think that just trying to recreate a consumption boom like we had and that collapsed after 2008 is impossible. so i think that the -- >> impossible because people were doing it based on maxing out on their credit cards, taking money out of their houses, in other words, it was an expansion of credit that was causing the consumption? >> we were on a binge, and the binge ended, as all binges do. and what i found surprising about the obama approach was that it basically was trying to get people to st...
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