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Transcripts For CNBC Closing Bell 20120823

averages near the lows of the session today. last i saw we were down about 110 or 111. the do you is down, and the s&p down three quarters of a percent at 1303. so let s get back to the comments of james bullard, here is what he told steve leisman. if we were to resume, 2% growth in the second half of the year. unemployment ticks down, that s not a great outcome, but to me that s a good enough outcome to keep us on hold. is he throwing cold water on the stimulus comes sometime here from the fed? he is banking on a drop in unemployment and 2% growth or better by the end of the year. we have ron mullencamp, bether bookvar, and rick santelli. ron, let me get your take, does this market and economy news stimulus from the fed? no, the problem we have is not a money problem, it s a fiscal problem. the fed shot nearly all of the bullets it has for them to use another. the markets would like the fed to do it because it gives a brief jump for the market. the last two bullets d

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