i credit the federal reserve and providing easy money. you think so. absolutely. or the fact the stimulus kept 1.6 million jobs. it did no such thing. no such thing? in the a gimme is a gimme. if we re going to malign the president for bad numbers he any president would rightly take a bow for good ones to i don t begrudge the president for that. he s not the reason. the federal research $65 billion a month to keep this turkey going. what about oil prices? oil prices going down, now people have more do you think the president deserves credit put $90 million in the stimulus for energy improvements, energy independence. he doesn t set gas prices but does set policy you ve don t think that s indicative of the markets showed today the whole globe is slowing down. sure-but gas prices are still down. people have more money in their pockets to spend. this is a consumer-driven
despite today s selling the president wants to get spending. he ll be talking about more bailouts during the three-day travel blitz across the country but democrats say he s got his bragging rights here. he is the president. things have improved. she is the director of the accountability project and we saw her at some flag burning. i m kidding. thank you for having me. do you think the president is in his rights to talk about more spending? i do. i think that the stimulus had a significant impact on our economy, as did t.a.r.p. i m willing to say that. over the past quarter we saw that the economy had totally turned around. you re crediting the president. i m crediting the stimulus, crediting the consumer economy. last quarter, as the numbers went up five percent growth in gdp, consumer spending win up i don t credit the president.
occasionally in the appropriations process we have an opportunity to offer amendments and now that we are going to followthrough the appropriations process those amendments will survive and go to the president s desk. how do you eat an elephant? one bit at a time. and we re going to take some bites at that. you better hope that s not the case. that being said, do you worry if now when the economy is supposedly picking up a little bit of steam, if there s ever a time to address this, just slow it down, that this is the time and no one s doing it. they ll never do it. it will just never happen. it s sort of like waiting for a grenade to go off. the pin s out, we just don t know when it s going to blow. i m worried about all of the extraordinary measures and whatnot that the federal reserve has taken, the quantitative easing that has to be unwound at some point. i heard on your previous
economy. markets don t determine whether or not people have jobs. the stimulus saved us. well, not just for markets but $65 billion a month of something, anything, is going to get you something. something is going to stick. i think it s a combination. i m not willing to say it s all obama stimulus or it was all the fed. but it is a combination, short term and long-term. the bigger concern that people have on the left is that, okay so t.a.r.p. worked, the bailouted worked, we can see that. what about the problem within the banks? we have a clear infrastructural problem you don t think he s addressed that. elizabeth warren agrees with that so does hillary clinton. weak on that. right? right. i think so. and we ll see what happens after the election. the president when he talks about more spending, you re young, but do you ever feel like we don t have the money to spend? we are running a debt? we are running a debt but as we saw when the fed-the-bailout