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Democratic Strategist Chris Hahn argues the first stimulus package should have been $2 trillion.
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Chris on he is whether he's got a lot to say about stimulus about the -- other political and economic issues of the day Chris welcome back good to see a great to be here as usual I get a -- call -- for twenty seconds you get a call -- you for thirty seconds and -- -- -- in whenever -- blazes are right.
First issue.
Caught on -- The -- and Ali I'm suggesting.
That Krugman and Summers wants another big stimulus program.
Borrow money because she borrowing is cheap and get out -- spend it -- the way to stimulate the economy I think that's wrong.
I -- was a success the first time around and I think -- would a move but in debt America at a crucial time ago.
You know you're absolutely wrong the stimulus worked -- stop the bleeding and actually built for a half million jobs in this country.
And the reason why we're starting to the economy slowdown as his stimulus money has been spent there -- three legs.
To the economy.
Consumer spending business spending in government spending businesses in spending for some reason we don't know they get to -- on the sidelines.
Consumers aren't spending because they're worried if government stop spending economy's gonna collapse Krugman is right we need to get we need to spend more.
I -- may -- the initial stimulus is an 800 billion I would have done to truly out of them work real infrastructure project.
Okay next case deliberately -- Really coming out in force to support President Obama going public -- Just watch this for a second -- this is an actress Jessica that's Sarah Jessica Parker explaining.
The president's record on jobs.
Okay -- guy who ended the war in Iraq a guy who says he should be able to marry anyone you wind and the guy who created four million new jobs that guy and President Obama and Michelle.
-- into my house for dinner on June 14.
And I want you to be very team.
But he is just ten seconds yeah he created four million jobs that's giving all the president to President Obama for four million jobs I don't think that's correct secondly.
Will still one point four million jobs short of the number of jobs we well in the last few months of President Bush's presidency can wind down on a one point four million jobs -- who -- -- hope is that.
You're gonna give him all the blame for that you know he had nothing to do with causing the -- that -- -- And now you're criticizing what he gets our Jessica -- Parker's -- a fundraiser for him what does Sarah Jessica Parker want gay rights.
Ending wars of one of them billionaires in trillion -- dumping hundreds of millions of dollars into the Romney you know the Republican causes like Wisconsin what do they want they wanna take over the government to the people who do whatever they want with -- and and screw workers in the process twenties.
-- the president does sustain any inherited this recession look Joseph Biden has been around since the Nixon administrations those Charlie Rangel Pelosi Reid have been around since the Reagan administration look.
550000.
Net job losses under this president that's the number you look at increased to make a point no one knows -- businesses are not spending when they're not spending if you listen to them.
Because of uncertain policies emanating out of DC.
Note that uncertainty argument is so.
Ridiculous and I don't think anybody believes it I you know the bottom line is.
Business spend when business want to spend right now the money sitting on the sidelines because it's easier for them sit sit sit on the silent this tax policy rewards saving over investment think -- -- incentive to take a risk -- the right no incentive because right now I -- put it in the bank and -- -- Act as a whole lot of second now Mike when he -- yes sir if I'm running a business what am -- looking at in the future.
I'm looking and Obama kept coming right at me.
I don't know what the cost of health -- is going to be I know it's gonna go off.
On -- financial reform coming right at me and onerous new set of regulations governing our financial system.
That's risk on Microsoft I see the EPA coming -- with onerous environmental regulations which restrict my business in other words I face risk huge regulatory risk in the future that's why I'm not hiring that's one lots.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- The most job creation in this country 70% of all jobs created over the last decade came from small businesses -- afraid of higher taxes under this president.
That's -- stunning job growth but they're out -- -- aside for the moment one last subject.
Last topic big critical Wisconsin recall election it's today President Obama absent from the state flew over it but he did send a tweet.
Give me a copy of the tweet it sent out yesterday.
-- said I can't read that it's Election Day Wisconsin tomorrow and I'm standing by Tom Barrett he'd make an outstanding governor of BO.
-- He should've done more.
I'm very critical of life on wouldn't take I think the president I think the president and the entire Democratic Party made a mistake they should have made this battleground number one this year they should've been there full force labor goes down in this election it's gonna be devastating to them.
The president should have been there early and often and I am very disappointed in productively on that note we close it -- -- -- -- and Rudy played nicely cut.
Always it was -- -- Chris thanks very much and thank you.
-- -- -- I'll I couldn't get and a favorite to go yeah god save them -- come on move on Yasser Arafat and.
