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well. president bush didn't play well in certain parts of the country. and certainly, you know, look toward the south. maybe a little in the midwest. some of these democrats have got to cut president obama loose, and that's what we're seeing. >> jim, let me get back to you on the practicality of the whole thing. it seems to me the problem is you may have had a political reality and an economic reality that simply can't exist in the same room with each other. >> i mean, you're right. long term, we cannot afford to talk about cutting taxes. we shouldn't do it. >> fredricka whitfield in atlanta. back in atlanta. the arrival of sarah shourd, one of the three hikers held in iran for more than a year. she was just released. by way of transfers in oman and dubai, and dulles, they are preparing for her arrival in new york.
ways. i think actually what we saw there was nancy pelosi on policy. she doesn't think it's a good idea. and nancy pelosi on politics. it may be have to do all of it. >> jim alison of bloomberg business week. this is a complicated issue, jim. let's try to simplify it. what does the economy need more right now? increased tax revenue to tackle this soaring debt? or an extension of the tax cuts so people don't lose spending? >> the problem is, we can't really afford to have this tax cut done forever. what we need to do is to find some way to spark short-term demand on the part of consumers. two-thirds of our economy is dependent on consumer demand. we have to find a way to extend tax cuts and use it as a stimulus measure. we have to have it for a short enough period, two to three years, so we can get money back pumping into the economy, but not have it where it's a noose around our necks for ten, 15, 20