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Couple of congressmen whose district were rocked by flooding from hurricane irene the critical nature of passing this bill. what they didn't say is if they were going to go home having done their job. they left a little wiggle room to come back on monday to work more on this measure, or after the jewish holiday late next week to finalize the bill. a lit wiggle room on the house side. on the senate side is what is harry reid's play next. david vitter from the state of louisiana said he would not support the bill that he had voted for last week, that would give $6.9 billion in disaster relief, s...

Political malfeasance yet. certainly what we have seen is that perhaps the obama administration was in a rush to get this stimulus money to this company in california, maybe they didn't do all the checks to make sure the taxpayer money was spent well. it will be harder for the president to get this new economic plan through after we see that some of the previous money was wasted number one and his broader initiative on green jobs is certainly under fire. jenna: those are the some big take aways of the story. get in out of the rain. we didn't arrange for it in that story. it just sort of happen...

About dejavu is well taken. how about this for deja vu, house republicans feel they've done their work. what do we expect now? >> they passed their bill late last night which provides $3.7 billion in disaster funding. they say that is adequate over the short term, and then as the receipts come in over time, they can certainly add to it down the road. we know that speaker john boehner, majority leader eric cantor, expect to have a briefing in a matter of moments -- of minutes, any moment now. we will hear their tone. there was some sense they may try to send this bill over to the senate and the...

Perfectly leslie close to a double-dip recession. we'll know better in the weeks to come. we have unemployment numbers, they come out in a week or two. it is allows see economy out there right now and i do think part of this is attributable to the lack of leadership in washington to deal with it and to do anything about it. jon: well okay. so lack of ability to do anything about it, that is pretty pessimistic. what is the fed supposed to do, what is the treasury department supposed to do? >> great question. the fed announced this week that it's going to essentially engage in qe3. we had qe1, a...

>> larry: does it have a name? >> sinc, it is the sinc unit. >> larry: why hasn't it been put to use? what took years? >> well, you know, if you deal with a major corporation, you have a mandate to make profits, and if you tell your stockholders that you have spent a billion dollars on safety, they're going to look at you saying why did you do that? why did you do that? no one told you to do that. that was our dividend. a private company, you have to -- your leader has to be a very evolved guy or woman to want to do that and there are those people but you have to be a very evolved person and n...