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Detailed text transcripts for TV channel - CNN - 20100903:22:38:00

You had a healthy debate about it, and john fund s point about certainty is something that if you talk to small business countries arou owners around country, they want to know what is it going to be like next year. a lot of the people who run the big campaigns say that they wish that the president would talk more broadly about where we are going, and more specifically about the bills. and some want to know why harry reid won t call it back and make it a issue everyday and at least give the voters some contrast to reinforce the argument that the republicans won t let us do it. they should come out with a formal plan of their own or simply hammer away at the democrats. and when that is the choice, the people hammer away at the opposition. when you put something out there, it is a target. when you look the president talking about the small business tax cut, and the ones that are up there, and the ones he may yet introduce, basically when you look at how long those tax ....

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Detailed text transcripts for TV channel - CNN - 20100903:21:48:00

Didn t have a public option so somebody a columnist with a liberal bent could make the same argument on the other side. i just don t place much stock in what he says to be honest. the argument he is making, krauthammer, who is a well known conservative columnist, ed, is if the president decided to change the strategy in afghanistan only to hold on to moderate and centrist democrats and risk the lives of u.s. military personnel who were dying in big numbers in afghanistan right now, he says that s scandalous. that s the point that krauthammer is making. i think that s a little over stated. i think this president obviously from the beginning campaigned against the war in iraq. he ran as an anti-war president. he thought afghanistan was someplace that we should do some good and finish the job there. where i challenge it is the time frame. you can t basically, this isn t like a boxing match where you go ten three-minute rounds. you can t go into a war and basically say that in a year ....

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Detailed text transcripts for TV channel - CNN - 20100903:22:15:00

Chimneys falling down. we understand that some of the brick chimneys in the suburbs have destroyed cars as well, and so far, not a huge amount of serious injuries coming through at this point. are there reports that people are trapped in the rubble as is often the case with these kinds of earthquakes in urban areas? yes. what the fire service and search and rescue services are doing is to clear the zones of the buildings that have fallen down and we can t number at the moment, but our not among more than, you know, there are not a huge amount of them that we know of, and so that they are doing just what they would do anyway in searching and checking. a lot of the buildings have suffered varying degrees of damage, and so a few of them that have fallen down are few and far apart at the moment, and those have been cleared. amanda on the phone for us from christchurch in new ....

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Detailed text transcripts for TV channel - CNN - 20100903:21:32:00

A payroll tax holiday. so right now here we are talking about the potential for another payroll tax holiday. if we had done something like that, back in early 2009, then i think that would have made a meaningful difference. is it too late now? because there is a lot of talk about yet a second stimulus package even though they don t want to call it a stimulus package for obvious political reasons but is it too late now for a huge stimulus package to go forward? well, it s too late for the next six to nine months. there is nothing i think the administration or congress could do today that would make a meaningful difference with respect to the job market between now and next spring. but there are many things they could do that would make a difference with respect to that long-term unemployment problem i just mentioned. there are things that can be done and should be done. we should nail down the tax cuts expiring at the end of the year unless congress and the administration do somethi ....

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Detailed text transcripts for TV channel - CNN - 20100903:21:33:00

Congress, that should be done. i think it makes some logical sense to start talking about a large infrastructure spending program for the out-and-out years it is paid for, we have to pay for it but i think that is important as well. i think you still agree when it comes to tax rates they should continue as is even though they re supposed to go into supposed to expire at the end of this year you don t want any tax increases in 2011 even for people making more than $250,000 a year? exactly. you know, my view the recovery is just too fragile. we can t take a chance. if we go back into recession there is no reasonable policy response. don t take a gamble. keep everyone s tax rates where they are in 2011. when we re into 2012, 2013 and the economy has its groove back and we re off and running then allow the tax breaks for upper income individuals to revert back because that the point we need to address our next big problem which is our long-term fiscal situation. mark zandi is the c ....

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