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Innate, inflate. >> inflate indeed and spend. today has gotten around to a point where we can understand the real divisions. the european central bank gave a speech this week in which he said, spending alone is not sufficient to produce growth. and francois hollande is getting credit for-- angela merkel says spending alone is not going to solve our growth problems here, we need structure reforms and labor market reform and i think that's the division that's now showed up in the european debates. >> and they've always wanted to undermine the ecb and mettle with the ecb. the germans, are stronge...

Innate, inflate. >> inflate indeed and spend. today has gotten around to a point where we can understand the real divisions. the european central bank gave a speech this week in which he said, spending alone is not sufficient to produce growth. and francois hollande is getting credit for-- angela merkel says spending alone is not going to solve our growth problems here, we need structure reforms and labor market reform and i think that's the division that's now showed up in the european debates. >> and they've always wanted to undermine the ecb and mettle with the ecb. the germans, are stronge...

Growth problems, and they are going with digitalized things. >> and the americans have come to expect their medicare will be there for them, and it's not a way to deal with economic growth. there's a problem. the important thing from the democratic side is they are making the case. i hoped as a liberal that they would, that policy matters. it does matter if you pass the payroll tax extension, and if people run out of unemployment benefits, it's not a charity issue, but they become a bigger drag on the economy. infrastructure spending matters. >> the president won't follow-through on the plan, ...

The big debt, big jobs problem, growth problems, and they are going with digitalized things. >> and the americans have come to expect their medicare will be there for them, and it's not a way to deal with economic growth. there's a problem. the important thing from the democratic side is they are making the case. i hoped as a liberal that they would, that policy matters. it does matter if you pass the payroll tax extension, and if people run out of unemployment benefits, it's not a charity issue, but they become a bigger drag on the economy. infrastructure spending matters. >> the president wo...

Republican been there? >> there's a big fundamental tax reform. the president doesn't want to do and i do not understand. there's a big entitlement approach. give people different options. those are big policies. the advantage the republicans have, and i can go plus or minus as to whether or not they will win this thing. they have different policies. the president decided to coast on the small policies. the big debt, big jobs problem, growth problems, and they are going with digitalized things. >> and the americans have come to expect their medicare will be there for them, and it's not a way t...