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Detailed text transcripts for TV channel - MSNBC - 20110804:22:05:00

you missed your colleagues. don t you understand that some of your colleagues in the tea party caucus and some of your colleagues there in the congress feel the way to inspire consumers is to cut the safety net, not generate jobs, threaten social security and throw in threatening mad med cade or medicare. that certainly makes people go out and shop and buy things. reverend were you re right. if there was uncertainty generated the last two months, it is exactly what you re talking about. instead of focusing on policies we can take now to try and spur greater demand. for example, the republican transportation plan that they ve got under the house of representatives would cut, cut our transportation investment by 33% compared to last year. that s less money going to roads, bridges, and that means less jobs and that means less consumer demand. we need to do things that will encourage consumer demand.

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