deficits. he didn t really inherit it. he helped create it. 2009 was the first year in office and especially something he doesn t seem to want to remember, stimulus $8000 billion. paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830 billion spending. february 2009 that president obama doesn t want to take any credit for but it passed six months. he signed it into law. the stimulus was huge. he signed a spending bill
deficits. he didn t really inherit it. he helped create it. 2009 was the first year in office and especially something he doesn t seem to want to remember, stimulus $8000 billion. paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830 billion spending. february 2009 that president obama doesn t want to take any credit for but it passed six months. he signed it into law. the stimulus was huge. he signed a spending bill
it means that only about 63.5% of the american people are working. and that s the lowest in 32 years. now, that s a number, but what it means is, to our economy, we want a larger we and the as many people working as we possibly can. if people, as many people working as possible, that means there s nor money that they re spending at the stores or purchases saving, able to provide for improvements to their homes and able to send to college. this is the lowest in 32 years. if the labor participation rate was the same as it was under bush, the unemployment rate would be 11.2%, but the difference is, we ve got all of these people so discouraged they ve dropped out of the work force altogether. remember, we ve got 8.1% unemployment. president obama told us on january 9th of 2010 2009. that if we passed the stimulus bill, the 830 billion dollar surplus bill that today, the unemployment rate would be 5.6%. and if we did nothing, if we
to the war in iraq, you re right. compared to the war in iraq, they are a drop in the bucket. but that is where that deficit emerged. it was off-the-books war spending, the bush tax cuts. it s bad spending. i mean, i even sat down and did the math. we spent $830 billion on the first bailout. if we had given that money to the 15 million people who needed jobs the bailout occurred a $15,000 check for of single person. unfortunately we ve got to go, but i ve got to tell you, the bailout occurred under george w. bush. there was a stimulus package that occurred under president obama. up next, mitt romney s potential distortions on race. i m not going to let that one go. we re coming back on that. not in my house! this new flavor lock pack from maxwell house helps seal in freshness. wow! that is fresh! am i still yelling? [ male announcer ] maxwell house flavor lock. always good to the last drop.
he was dubbed osama bin laden s right-hand man in europe and had been in jail since 2005. the european court on human rights stopped britain from deporting him to his native jordan because of concerns he would be tortured. a british judge says unless the government manages to deport him in the next three months, the bail conditions may be lifted. whitney houston s body has been flown to new jersey on a private jet for a funeral service later this week. a gold hearst believed to be carrying her body left teterboro airport amid type security. police say she was found under water in her hotel room on saturday. there were prescription drug bottles found in the room but no evidence of foul play. those are the headlines. i m monita rajpal. world business today starts right now. good morning, from cnn london, i m nina dos santos. welcome to world business today. these are the top stories on tuesday, february 14th. china s status as an economic power house is front and center t