Detailed text transcripts for TV channel - MSNBC - 20101008:18:04:00
My argument would be don't worry about the short term. but that's an argument we can have. the republicans' answer is don't do anything but cut taxes. that won't do much either. you asked me a question before. i had two answers. the other reason the stock market is at 11,000 is because the federal reserve is in the process of printing up a lot of new money. they hope the money will spur activity in the economy. but it's like pushing on a string, as economists would say. what it's really doing is causing people to pay more and more financial assets like stocks, bonds and gold. all that is going...
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