That exact what happened. they unleashed an inflationary monster. and i m afraid i do think it s impossible to say the stimulus wasn t part of that. the other question it raises of course is, because it s raising it in the uk as well, is the question of how far people are going to be willing to accept all the things they talked about back in glasgow at the summit, debating climate change, and all idea that we re going to have to take some hits, expensive hits, in the short term in order to get to a less carbon dependent future. and a future in which the planet, we are able to survive on the planet, i won t go on. how difficult is that question now going to get, as things like basic costs of energy becomes so much more expensive? well, there are a couple of problems there. it does depend where you look. if you look in europe, it s actually reinforced the rather sound european green plan. and they have drawn the conclusion that, if you want energy security, build renewables. you do not h
They unleashed an inflationary monster. and i m afraid i do think it s impossible to say the stimulus wasn t part of that. the other question it raises of course is, because it s raising it in the uk as well, is the question of how far people are going to be willing to accept all the things they talked about back in glasgow, at the summit debating climate change, and all the things that we re going to have to take some hits, expensive hits in the short term, in order to get to a less carbon dependent future. and a future in which the planet, we are able to survive on the planet, i won t go on. how difficult is that question now going to get, as things like basic costs of energy becomes so much more expensive? well, there are a couple of problems there. it does depend where you look. if you look in europe, it s actually reinforced the rather sound european green plan. and they have drawn the conclusion that, if you want energy security, build renewables. you do not have to import the su
Partly going up with what s - happening in ukraine, but also the public is overwhelmingly in favour of what he s doingl for ukraine, yet really upset about what s happening - to their pocketbooks. so it s very hard - to square the circle. so he s going to have to reallyj confront that in the midterms. he tries, but it s a tough- defence to make when somebody is opening their wallet - and discovering they cannot pay for staple goods or even find . them on the shelves any more. but the stimulus was wrong heade,d wasn t it? wrong headed wasn t it? the truth is i think there was groupthink around the president, there were other voices like larry summers, who actually, it s really interesting that he took such a strong position so early on. he is a former treasury secretary. he is a former treasury secretary and he was, you know, very much, he is very much a prominent member of the democratic party, but he was willing to get out there and say no, this is going to risk inflation, that exact
Let me say two quick things. number one, we ve got a lot of time to talk about eric cantor, but i will say, he had a lot of people working for him who came to washington, driven by a purpose they thought they were trying to achieve and i feel bad for my buddies, i wish them all the best, but working with eric cantor was never an easy thing. i was in the room, this has been reported before, but i was in the roosevelt room when the president brought in congressional leadership early on in his presidency and eric cantor was going on and on about how the stimulus wasn t going to work, all these different things and the president looked him square in the eye and said, elections have consequences and eric cantor never really wanted to believe that and last night we had an election where he s truly going to be living the consequence. let s talk, krystal, about president and cantor s first meeting. the new yorker described it, three days, and this is what
Ain t going to happen. you make arguments based on facts and facts matter. if we look the the fact that it hadn t been for the stimulus planes it put something out there, would he be in worse shape. but today romney said stimulus was a mistake. look at this, senator. president obama started out with a near trillion dollar stimulus package. the stimulus wasn t just wasted, it was borrowed and wasted. now he had a different tune four years ago in his victory speech in nevada. romney was singing a much different tune about the stimulus. watch this. today i announced a plan which i d like to see enacted within the next 30 days to provide stimulus to our economy on short term basis as well as long-term growth for the american economy. so change in, let s say the