you try to pump up the economy by printing more money. a lot of people criticize ben bernanke for that. it could sew the seeds of inflation where down the road the stuff will be way too expensive. it was the only game in town. if you believe bernanke, if he didn t do that, we may have gone into a double dip recession or something worse. let s talk about the fact that so many people who are heads of companies, corporations , manufacturing, service, doesn t matter what sector of the economy, there is such uncertainty looking into the new year. i want you to talk about the likelihood that businesses in this country are going to expand in this economic climate. i don t think they will. i worry about small businesses over the multi national companies. small business are stuck here. ge can diversify by opening a plant in china. it is easy to get productivity by going overseas.
by printing more money. a lot of people criticize ben bernanke for that. it could sew the seeds of inflation where down the road the stuff will be way too expensive. it was the only game in town. if you believe bernanke, if he didn t do that, we may have gone into a double dip recession or something worse. let s talk about the fact that so many people who are heads of companies, corporations , manufacturing, service, doesn t matter what sector of the economy, there is such uncertainty looking into the new year. i want you to talk about the likelihood that businesses in this country are going to expand in this economic climate. i don t think they will. i worry about small businesses over the multi national companies. small business are stuck here. ge can diversify by opening a plant in china. it is easy to get productivity by going overseas.
by printing more money. a lot of people criticize ben bernanke for that. it could sew the seeds of inflation where down the road the stuff will be way too expensive. it was the only game in town. if you believe bernanke, if he didn t do that, we may have gone into a double dip recession or something worse. let s talk about the fact that so many people who are heads of companies, corporations , manufacturing, service, doesn t matter what sector of the economy, there is such uncertainty looking into the new year. i want you to talk about the likelihood that businesses in this country are going to expand in this economic climate. i don t think they will. i worry about small businesses over the multi national companies. small business are stuck here. ge can diversify by opening a plant in china. it is easy to get productivity by going overseas.
something in january, as the entire country blames him for going over the fiscal cliff. one thing on the politics of this, it is true that if we go into a double dip recession, and things stayed up for long time, eventually the president will have ownership of this and voters look at him and his leadership. but he was just reelected. weeks ago. he campaigned on this, his approval at 55%. right now, he s going to get the benefit of the doubt, even from people who might prefer the taxes don t go up on anybody. they will say that he won, the government needs work it out. from what i hear from the white house is nervous about it. they don t want to go over the fiscal cliff. charles, addressed david s point about the markets and the amount of pressure. we can get in all kinds of theories and talk about what will happen a few weeks from now. what is going to happen today? today the markets are indicating that they will go down sharply. immediately after they said that they wouldn t be an
be beyond a short-term double dip into long-term economic solutions are capable. that is why a lot of people are saying on wall street bill: but if you have a long-term solution, the market would take off? here s the thing though, bill, there are two different philosophies. really punishing small businesses throughout the crux of this argument, who have been the saviors of this argument, helping us avoid double dip recession, that s nuts. a lot of people are now starting to say on wall street that maybe no billed is better than a faulty bill. bill: david, what the speaker john boehner said? i have been told that he s going to reiterate what he said last night. after plan b failed, it s up to the senate and the president to work through a bill that will get through congress and avoid the fiscal cliff. he will probably talk about being ready to have members next week to vote on something. something with a doable