that boomed our economy because of the defense jobs. wasn t that an example where government spending created jobs? there are a lot of economists that will say so, and president obama is one of them. i ve heard him say it, along came world war ii, the greatest economic stimulus plan ever. he regrets that fdr didn t spend more money in the new deal, but i will tell you that our dow jones industrial average we watched go up and down dramatically in the last couple of weeks didn t recover from the october 29 crash until 1954. and i believe that part of that was the interest and the principle that we had to service on our debt. there s a balance, and most economists that look at the data say a percentage of the gdp is all you can take, an optimal point. i say 18%. i hope it passes. a good debate.
buildup land lease and support of ever brits and other allies and we got into war? that boomed our economy because of the defense jobs. wasn t that an example where government spending created jobs? there are a lot of economists that will say so, and president obama is one of them. i ve heard him say it, along came world war ii, the greatest economic stimulus plan ever. he regrets that fdr didn t spend more money in the new deal, but i will tell you that our dow jones industrial average we watched go up and down dramatically in the last couple of weeks didn t recover from the october 29 crash until 1954. and i believe that part of that was the interest and the principle that we had to service on our debt. there s a balance, and most economists that look at the data say a percentage of the gdp is
this upcoming president. and what about world war ii? buildup land lease and support of ever brits and other allies and we got into war? that boomed our economy because of the defense jobs. wasn t that an example where government spending created jobs? there are a lot of economists that will say so, and president obama is one of them. i ve heard him say it, along came world war ii, the greatest economic stimulus plan ever. he regrets that fdr didn t spend more money in the new deal, but i will tell you that our dow jones industrial average we watched go up and down dramatically in the last couple of weeks didn t recover from the october 29 crash until 1954. and i believe that part of that was the interest and the principle that we had to service on our debt. there s a balance, and most economists that look at the data say a percentage of the gdp is all you can take, an optimal point.
substantiate that. more employers are using it than before. it s more and more popular. you tell me my credit score can cost me a job? what does that have to do with how good a job i might do at work. it will determine what kind of person you are. in some industries i understand it. if you re talking about financial industry, if you re talking about the defense jobs or government jobs or certain things where they want to see if you are a good credit risk how you manage your finances will determine what type of job you may do. okay. are a lot of employers doing this or specific type of employers doing this? in the past it was specific types. financial institutions. i see service jobs. waiters. a lot of people eliminated because they deal with cash is what employers are saying. that determines your character. in theory if you have a tough credit report and you have financial problems and you re handling my cash, i m the
strengthen our ports, we can t talk about protecting our borders, how else are we going to pay for it? the real issue comes in as to how do we prioritize spending. keep in mind, randu, whenever we talk about defense, we have some member of congress say wait a minute, there are defense jobs in my district. so the spending we do on defense, the direct correlation also to jobs on defense companies. and pete, i know you don t agree with these guys on everything here. where do you stand? certainly not. i don t understand, we can talk about libya and whether or not that s worth it and the money we re spending. we should talk about afghanistan, $2 billion a week and for what? what are we getting out of it? $120 billion a year. we have bases all over the world. we need to stop trying to protect everybody. let europe s taxpayers pay for their defense a little bit more and we could put that money in here at home it, green jobs, health care. we want to cut everything here? cut the defense bud