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greta: is anyone saying the stimulus is working and economy doing well? no. people at the white house are saying the stimulus did what it needed to do, keeping the economy from falling off a cliff. greta: that proves a negative. look. the way i look at it, the president inherited a bad economy but is responsible forlt trend he s inherited because his policies if they went well, he got credit. if they tanked he got the blame blame. if they were stagnant he d take responsibility for that. sure. but the alternate case could be made the reason we zront a big deal now and not having $4 trillion is because it is republicans not to get a deal to stimulate the economy. if you were to ask the white house they d say it s all moot if we don t get the debt ceiling raised by august 2. at that point, everything goes off the rails. greta: we re two and a half ....
Months and they have to go back to do it over the history of the raising of the debt ceiling. for the president to want to go out a year and a half, it seems to be really focused about him opposed to the country. greta: the threat of moody s and s and p they re going to down grade our rating. right? i don t get it. these are the people who got us into the mess with their rating in the mid 2006, p, 8. why do they have so much po pou power? that means interest rates goring to go up. a specific amount of money we re going to have not to spend on things. greta: what i don t understand is that they, who have failed us so drastically, now, that is a huge contributing factor to the state of the economy why are we now in a position, put the foot on our throat and down ....
Absolutely under no circumstances would agree to anything but a long-term deal after he first said he absolutely had to have a clean debt ceiling extension. in other words no big deal. he s made a lot of demands here. i think the people in congress are willing to say we work together on a lot of things. let s work this out. and even maybe, if it ends up being a two-step process rather than all at once. and how does he save face if that happens? he doesn t want to say i lost public they got everything they wanted? we ll try to help him find a way to get off of the limb he s out on if that is what it takes. we ve got to save money, not spending so much. extending the debt ceiling so our credit worthyness does not fall into question f you can t do it at once, then let s take it and bite-sized pieces where we can get the job done. this may take longer. thank you. thank you. and now the topic of the white house, what is going on behind the scenes there? ....
After he first said he absolutely had to have a clean debt ceiling extension. in other words no big deal. he s made a lot of demands here. i think the people in congress are willing to say we work together on a lot of things. let s work this out. and even maybe, if it ends up being a two-step process rather than all at once. and how does he save face if that happens? he doesn t want to say i lost public they got everything they wanted? we ll try to help him find a way to get off of the limb he s out on if that is what it takes. we ve got to save money, not spending so much. extending the debt ceiling so our credit worthyness does not fall into question f you can t do it at once, then let s take it and bite-sized pieces where we can get the job done. this may take longer. thank you. thank you. and now the topic of the white house, what is going on behind the scenes there? is politics in the equation? ....
Spending more than we ve promised. then, balance is over the long term if you can balance the budget, you never have to get back to this constant uping the debt ceiling. that is why the house of representatives said cut, cut, let s cap it then let s balance the budget. greta: why doesn t the senate want that? every republican in the senate. greta: what do democrats say is wrong with it? it constrains spending. they don t want to have too much of a straight jacket in spending because they favor thing that s cost money and they don t want to have too many consraints on spending habits. greta: i m curious, president obama let s say another democratic president, president clinton. would he handle it differently? bill clinton did handle this differently. greta: how? if you go back in time, what bill clinton is willing to do is agree with republican house of representatives led by newt gingrich, for example in welfare reform, and the ....