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Detailed text transcripts for TV channel - MSNBC - 20100412:20:43:00

they were supported by subsidies. what we are now putting in place since the stimulus, i would argue, is a new set of industrial policies. on a smaller scale. we re talking about making the energy grid smarter. digitizing health information. health care reform. alternative energy. all that innovation. turning it into an electric auto industry which has the capability to create jobs at those companies but create a new commercial infrastructure that invites other jobs. all three would agree that s where we would like to be headed and hopefully that s where we are headed and that s where jobs will be. can we get what dan is describing if we don t resurrect rules for capitalism so that lending on the lending side on the money side must be injected into the economy to facilitate his cars and his power generation transitions et cetera because right now the way you make money is by inflating the bubble, taking the money as the bubble goes up, and let it pop and run.

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