happening alisyn: because of stimulus? no, they were propping up bad companies. alisyn: bailouts. in this country we ve got banks that are going bust not because of bad account, we ve got crazy accounting policies where i m as tall as charles. [laughter] i d like to be, but i m not. and also we ve got bailouts of companies that didn t need bailing out, they just needed to go true the bankruptcy process which is completely normal. this is america, you re allowed to fail. you can start again. but if you don t let it fail, it s bad for everybody else. alisyn: but to charles point, i don t think this is a democrat or relin issue. you have private economists like paul krugman saying that this recovery is not happening fast enough because the stimulus wasn t big enough. there s differences as to why the economy s not recovering, but it s not fair to say that everybody s writing a rosy picture of what s going on right now. well, krugman wants more of the stuff thatçui simon
different than the classic democratic agenda reversing the bush era and investing in the future. but within the first month in office, you know before his aides figured out where the bathroom was, here it is, it s change. it s a major down payment on his agenda. talk about the long-term change. in the short term the design of the stimulus was to rescue us from the financial meltdown. and i think that we can look back on it now and say, the stimulus wasn t big enough. hard to believe but at that price tag it did not fill the hole that was in the economy. didn t come close to filling the hole. you get into the politics of it in the book, how shocking the price tag was to congress and the political world. and you know, how difficult that sort of counterintuitive sales pitch the economy s collapsing, people tightening belts time for government to loosen its belt. most people don t understand that. jack put the idea, there should be a trigger in the stimulus if more money s needed more mo
more firefighters or police and that keeps us from having robust economy. that doesn t tract politically. or empirically. obama had a dry run with a lot of money. $1 trillion in stimulus one. huge amount of it went to the government jobs he is talking about today. we tried it and we have had 40 straight months of 8% plus unemployment for the first time in u.s. history, in the most anemic economic recovery since the second world war. ve already had the experiment. it failed. their pushback is the hole was deeper than we thought it was going in. and now there are many democrats saying the stimulus wasn t big enough. look. they can argue that. i m not sure there is anybody who believes it. after four years, and such a slow growth, if you were to say that it s merely a delay in all of this and it is going to happen, perhaps you believe it. when you are seeing that in the fourth year of the expansion, 1.7% growth. you know that it s a disaster. it hasn t done what it was supposed to d
some people think that stimulus wasn t big enough. that there should have been a trillion more. that great economist bob beckel. sean: where are those shovel-ready jobs from the first time? let s say you believe in keynesian stimulus. think of the way the obama administration handed out that money. they just gave it to the stays. the states kept their work horses fat and happy and gave pension ben at this times to people. i was a poorly administered stimulus. sean: what we ve seen in great britain, greece, if we don t shift course this is coming here. we get into that later. guys good to see you. did the president throw away his chance for reelection over the past four weeks? liberals are fuming over his performance. karl rove is next with reaction. al gore goes on a profanity-laced rant against global warming skeptics.
some people think that stimulus wasn t big enough. that there should have been a trillion more. that great economist bob beckel. sean: where are those shovel-ready jobs from the first time? let s say you believe in keynesian stimulus. think of the way the obama administration handed out that money. they just gave it to the stays. the states kept their work horses fat and happy and gave pension ben at this times to people. i was a poorly administered stimulus. sean: what we ve seen in great britain, greece, if we don t shift course this is coming here. we get into that later. guys good to see you. did the president throw away his chance for reelection over the past four weeks? liberals are fuming over his performance. karl rove is next with reaction. al gore goes on a profanity-laced rant against