start to hear and see more about that. can i add to that? i m in the same camp with ron. ron and i are going to the same summer camp for this here. but i d add one very important data point. what ron said about the employment situation is exactly right and in less than ben bernanke said we are watching the employment rate. but the other thing is inflation. the fed watches that very closely and, if anything, the growth of prices a has decelerated, it has slow inside recently quarters. i think all of the data points are pointing to the fed to continue to keep the monetary medal to the metal. thank you both. have a great weekend. developing news out of boston. whitey bulger will not testify at his federal trial. the 83-year-old facing more than 90 criminal counts including murder, racketeering, an
the mark of the past, i suppose 11 years of war for success is we keep fighting they will. that s the measure of success. when we are fighting wars in secret with no disclosure about their operations, there s not going to be any available metrics for what success in those things are. it s another reason the spread of these wars into the shadows is problematic. this is not a new thing. it doesn t matter it s an accelerated series. decelerated. the scale of the secret wars between 47 and 89, what s been happening since 2001. of course. but there was a national reckoning where we recognize there was a tremendous amount of horrible things done. a lot of strategic disasters done. that s something, a lesson we have not quite learned. you need not to give up because that secret war ended in we are overdue for a
six times, he talks about the millionaires and the billionaires, flying around in corporate jets. it turns out, he was in favor of it, decelerated corporate interest for corporate aircraft and it s $3 billion over 10 years, during which the government will spend $41.7 trillion. that s 4417 billions of dollars and he s going to take care of 3 of that? i think, look i am not even excusing the behavior of walking out. he got pretty frustrated tonight and gave a dressing down to to to the majority leader. and the whole thing really sort of deteriorate to the very bottom. but the fact is that we are rolling up on this date. and the republicans say, no to taxes. and the democrats say no to the sort of interim programs that have been suggested, interim, short-term and they say no to more spending cuts. so we are in a bit of a fix. the way out of this just
who create jobs because small businesses file under the top marginal rate. well, i mean, i think you are talking about apples and oranges here and we are talking about individual tax credits and business tax credits but when we are looking at what has been done to try to get the economy back on track, it is happening as quickly as we would have liked, absolutely not. lots of americans are still struggling. but, we are seeing positive results. and i don t think that the american people gregg: positive results? wait, gdp declined now, decelerated for the last three quarters and how can you argue positive results, the unemployment went up to 9.6% and the unemployment is the last gregg: you think that is good. more people are off the payrolls than have ever been, people aren t looking for jobs any more. it has gotten that bad. gregg: tell the 15 million people who are unemployed, in america, that things are getting better, and, boy, you will get
economic advisers today, the department of commerce just reporting that consumer spending did rise in july, its fastest pace in month. stubborn unemployment are raising fears recovery is stalled. that has some pushing for a second stimulus package while others question why and whether we got any big bang from our bucks the first time around. we have the former director of the congressional budget office and president of american action forum and robert shapiro is a former undersecretary of commerce for economic affairs under president bill clinton. gentlemen, good to see you both. let me begin with you. one of the president s economic advisers is calling for a second stimulus. since the first one failed to keep unemployment under 8% as the president promised, and since gdp has not grown but decelerated, actually contracted