Detailed text transcripts for TV channel - MSNBC - 20120730:11:25:00
And the right response, by the way, in this kind of scenario is a barbell where we do more stimulus, tax cuts and infrastructure spending coupled with a lot of deficit reduction enacted now takes effect over time. >> i think that's clearly the path forward, but unfortunately we have as you know a somewhat dysfunctional situation in government so the probability of that actually happen something pretty low. i think the probability of a double dip recession is also quite low. i think we bump along at this stall speed for the immediate future. >> isn't it stall speed when the plane crashes. >> it...