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Detailed text transcripts for TV channel - MSNBC - 20101210:21:50:00

of the financial system which took interest rating to zero. now, i know there s a lot of alarm. people say, oh, the interest rates went up on bonded in the last couple of days. is it because the increase in the deficit of the short-term? is it because of the economy growing? that doesn t bother me. we have to get out of deflation. the biggest problem we have now is deflation. i m a depression era kid. i don t like deficits ever, really. we had four surpluses when i was president. i like balanced budgets and surpluses. when you have growth, but if i were in office now, i would have done what the president has done. you have to first put the breaks on a contracting economy, then

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