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Detailed text transcripts for TV channel - CNN - 20100912:19:23:00

People who point out those are important. let s see how this plays out theoretically for large corporations. let s take a company that specializes in medical equipment. that company then gets a tax break ask there s two ways that can make its way into the economy. the top line is that they spend on stuff. just like the pizza place would, they might bu a new plant, they might buy more stuff. the companies benefit from that, hiring more people, spending more and gooboosting the econom little bit. or they can just hire more people if they re spending less money on tax and those people can go out and spend. rosanne, let me stt with you. there are corporations in america right now which areth hoarding cash. they ve got lots of money, but because of what you just said about the small business not expanding unless they think there s more demand, it s the same story for corporate america, is it not? we ve got the exact same story. they re eyarding cash. ....

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Detailed text transcripts for TV channel - CNN - 20100912:19:41:00

Our economy since its inception, from the birth of the steel industry with andrew carnegie, a skotsman, to the rise of semiconductors by a guy named andy drovgrove, half of which t yahoos found that half of our comece and technology phds from foreign countries. we ve been open to the best and brightest throughout the world and closing the door o immigration, or even mouthing nti-immigration sentiment isn t good because the people will stay home orer go elsewherek nd star t start the companies that we need for american growth. you ve talked about canada and let s not sugarcoat it, it s ....

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Detailed text transcripts for TV channel - CNN - 20100912:19:01:00

I m fredricka whitfield. your money starts now. president obama has a massive w plan to jump-start the economy. will it work? i m ali. christine is off this week. obama is proposing billions of dollars of infrastructure money meant to besed for high-structure rail, building roads, the kind of money you see going to construction workers. $100 billion in an exnsion of tax credit to companies who invest money in research and devepment, and 200 billion as a new tax credit to companies who build physical plants, buildingor invest in equipment. let s go right to diane swan. she is chief economist. putting aside whether this can even get through congress before mid-term elections, is this too little too late, or could this actually work? the problem is thert lag tim, ....

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Detailed text transcripts for TV channel - CNN - 20100912:19:24:00

They rnot sure they want to invest. in fact, they might have equipment sitting around doing nothing, it s just idle. so in they, putting money into a machine or any equipment should stimulate invesent, but they have to ask, do i want to do this? do want to do this now? the provisions obama is taing about, the spending provision, would expire in 2011. so that gives me a lot of time to think what i want to do with this investment? i might i m not sure, i m going to wait a little bit. of the $350 billion that president obama announced this week t $100 billion would be an extension ofa tax break for consumers and the other would be if you buy equipmentor build more plant, the economy is still going to dictate what companies ....

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Detailed text transcripts for TV channel - CNN - 20100912:19:59:00

Pointed out, not everything about that number is good, either. but it s an indicator at least in the right direction. seoods we export by the way, farming products, things we farm in me america, are buying mover of what we grow. china is now the second-biggest buyer of what we produce on farms. and mergers and acquisitions. we ve been seeing an uptick of companies buying other companies. and the dollar value. that s important,pe a sign that people who run the big companies, think that the ones they re buying areha trading f ss than they re worth. that they re a bargain and will become more valuable lat. that s an interesting sign. and we ep talking about the fact that manufacturing is down in america. but in the last month,au urin august, manufacturing was actually up not manufacturing jobs, although there was an increase in temporary work at manufacturg facilities. but manufacturing is up and that should follow when you compare it with the trade deficit. we ve exporting more, mang a l ....

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