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Detailed text transcripts for TV channel - CNN - 20100710:17:02:00

dip recession mean you re in favor of stimulus now? no, look, i think the lesson we ve learned over the last so we don t tax, but we also don t stimulate, it s like that classic bush philosophy of gont tax but don t do anything on the spending side and have big deficits going into a financial crisis which has positioned the u.s. so well? i guess my view is we ve just had this experiment in spending stimulus. the biggest experiment in american history with $800 billion spent. and it was that we all now know that it has been a failure. it didn t create jobs. that s completely untrue. we don t know that at all. it didn t create it wasn t big enough to it wasn t big enough to end the recession, but we don t know the imagine had we not had that stimulus, don t you think the which i would be even worse? no i think we d be much better off today if we hadn t done the spending. all we ve got this exchange seriously? yeah, the spending just created a much larger gap and

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