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CNNW Anderson Cooper 360 August 19, 2011

steven moore and robert reich, labor secretary during the clinton administration. currently he s a professor of public policy at the university of california at berkeley and author of aftershock, the next economy in america s future now out in paper back. ali, what happened today? reporter: we had a situation where it s not just fear we were talking about. this was actual fact. we started this morning with slow bad markets out of europe. then before the markets opened we got this report from morgan stanley which talked about slow growth around the world, telling us things we already knew. but they said we re on the precipice of a recession. they also cited errors in policy making here in the united states and in europe, and they said it s likely that european central bank and the fed would have to get further involved in this economy. now, you know all week we ve been talking about rick perry saying it would be treasonous for the fed to get involved. while his comme ....

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CNNW John King USA August 19, 2011

central bank and the fed would have to get further involved in this economy. now, you know all week we ve been talking about rick perry saying it would be treasonous for the fed to get involved. while his comments may have been misinformed it represents a view in america that fed should do no more work in stimulating this economy. so now we have investors saying we need more investment. you got the morgan stanley saying we do. and you ve got a lot of people in america saying don t do it. so we re at an impasse. investors said let s get our money out of there. they put it into bonds and into gold. the nikkei down 2% on opening. robert, i know you say look at unemployment more than you look at the dow. but when people s retirements are tied up in this roller coaster and every day it s up and down hundreds of points, what should people be thinking? anderson, obviously right now we have a jobs and wages and growth crisis. and not a debt crisis. and until we actually get ....

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CNNW Anderson Cooper 360 August 19, 2011

talking about. this was actual fact. we started this morning with slow bad markets out of europe. then before the markets opened we got this report from morgan stanley which talked about slow growth around the world, telling us things we already knew. but they said we re on the pr s precipice of a recession. they also cited errors in policy making here in the united states and in europe, and they said it s likely that european central bank and the fed would have to get further involved in this economy. now, you know all week we ve been talking about rick perry saying it would be treasonous for the fed to get involved. while his comments may have been misinformed it represents a view in america that fed should do no more work in stimulating this economy. so now we have investors saying we need more investment. you got the morgan stanley saying we do. and you ve got a lot of people in america saying don t do it. so we re at an impasse. investors said let s get our money o ....

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CNNW Anderson Cooper 360 August 19, 2011

aftershock, which is now out in paperback. ali, what happened today? a lot of things happened here. we had a situation where it s not just fear we ve been talking about. this was actual fact. we had we started this morning with with slow bad markets out of europe, then before the markets opened, we got this report from morgan stanley which talked about slow growth around the world telling us things we already knew. but they said we re on the precipice. they didn t say we were there, they didn t say it s the base case, but they said we re dangerously close. also cited errors in policymaking here in the united states and in europe. and they said it s likely that the european central bank and the fed would have to get further involved in this economy. now, you know all week we ve been talking about rick perry saying it would beo treasonous for the fed to get involved. it represents a view in america that the fed should do no more work in stimulating this economy. s ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110404:10:05:00

Said? what paul ryan does, he put together something that is so forward leaning, it s going to make people say, wait a second, we can t easily demagogue this. it s so hard to define. he goes beyond $4 trillion. i wanted to see if anyone was demagoguing this today. i don t know if he says this, i m not saying he s demagoguing it. put the two parts of ryan s design together, tax cuts for the rich. program cuts for the poor and it s radically redistribution purposes become clear. they would never dare embark on class warfare on this scale. it s the other way around. in other words, he s saying it s rich against poor. here s harry reid and chuck schumer using that same word we told you about last week which is extreme. the tea party is not looked at very strongly around the country. the only attention they get is in the house of representatives and they shouldn t be getting that attention. i mean, are you saying that speaker boehner and the ....

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