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Detailed text transcripts for TV channel - CNN - 20100912:17:50:00

and we are back with peter orszag. so there are many accounts now of the meeting that takes place initially in the administration where the council of economic advisors paints a piure of how council of economic advisers paints a picture of how bad h t economy is and how badly it s doing and says that we probably need a fiscal stimulus of something in the range of $1.3 trillion to g us out of this mess. there are varying accounts of what happens next and whyen the administration ended up with a stimulus package of about sen to eight hundred billion. there are many people who say now that that was a cardinal mi bake you made becse what happened as a result was the stimulus was too small. it seemed ineffective, and people on the right can claim it never worked. people on the left can say, we told you all along it was too

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