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-- -- holds his fiscal responsibility summit later today he may give insight into his outline for the national budget.
And his plans to overhaul the nation's energy policy but creating a viable clean energy agenda -- the midst of the country's economic crisis will be no easy task.
For more I'm joined by former Obama transition team director John the -- -- President who is this the CEO for the Center for American Progress Action Fund good morning mr.
-- thanks for being here.
So we were just speaking to Boone Pickens just moments -- -- -- -- you'll be participating in the national clean energy project today what do you hope to achieve.
Well I think that the recovery bill that President Obama just signed.
Well it has a lot of investment in the clean energy future for our country to put people back to work to create jobs but there's still some more things that need to be tackled.
Particularly how we're gonna get clean renewable energy to market by -- building -- -- big bigger better smarter grid.
And that'll be a focus of what we talk about today we also want to talk about how we.
Use more domestic fuel to fuel our vehicles particularly natural gas and advanced biofuels so we've got an all star cast coming down.
I discuss those problems and to try to lay.
In front of congress now in the next period some ideas about how we take that next steps to build that clean energy future.
You hurt you had mr.
Obama's transition team one must -- things I find about this president is he's a very big consensus builder.
He puts together these summits these forums where he brings 1012 experts in the run.
Why is that he does this and what he is he eighteens as a result.
I think you got to start with that people who are coming here today from his administration secretary to.
Secretary solves our Carol Browner he likes very strong people he likes you know I think his criteria in terms of selecting people was.
First the ball excellence.
Because he wants to hear from people he knows that if you have all vibrant debate.
You hear from people across the political spectrum you're gonna come to.
I -- you know two and conclusion that's gonna get the best ideas on the table and that times are so challenging that he wants.
That that kind of style of his presidency.
Two really listen and to a build consensus to move the country forward.
-- chief of staff during that president Bill Clinton's administration when you compare that to at least the road map here -- only one month under way.
What do you believe this president needs to deal in making sure -- during very very challenging times.
Then he remains open and transparent but more importantly that he brings back confidence.
To -- American consumer who is feeling fragile and scared.
Worried about their economic future.
Yeah well President Clinton will be here today and I thought things were tough in 93 when we inherited a big deficit -- we needed to get the economy rolling again.
But nothing compares to what.
-- -- Obama faces today and I think he's tried to hit the right balance by.
The one thing I think he's absolutely committed to is leveling with the American people being open and transparent but he also has -- I think project forward debt that we can get out of the circumstances were and we can create jobs again.
And that's why this these clean energy investments are so important because they.
They both put people to work today but they also build for the long term a vibrant economy that will pay dividends in years to come.
OK let's let's talk tackle a couple of key issues that are being discussed on the hill this week one of which is.
His plans to unveil how is gonna cut the budget deficit in half by the end of his administration.
This arguably is probably going to be one -- most challenging tasks ahead.
Without knowing if we're gonna need another set second stimulus package -- war TARP funds down the line.
What is -- -- to demonstrate to not only the American people what to be markets.
Active enough in order to calm the fears that the ballooning deficit is not gonna get out of control and -- can fix it.
Well I think one of.
Thinks that that he's done is to use honest accounting and budget he'll let bill that to the American people tomorrow night.
More details -- fall on Thursday for a full budget will will come a couple weeks later.
But I think he's using honest accounting he's not trying to use the gimmicks that have gone out of the past like.
Not -- -- for the war spending in Iraq and Afghanistan is going to be in the budget people could see what his choices are seven that's going to be tough.
But but I think he'll show the path to try to cut the budget in half.
-- to 533.
Billion dollars about 3% of the gross.
On -- domestic product by a 2013.
What that does is it stabilizes the debt of the country relative to GDP.
And that's critical I think for what permit long term growth and -- real platform for growth in the future so I think he's gonna put those details on the table.
It'll be worth with sound credible counting and I think that ought to give some reassurance to the markets that.
This -- temporary boost and in the deficit in the great spending we've just seen -- -- will get under control.
You know I think anything you can get when you were there during the Clinton administration that you thought things were -- from 93 but -- had no idea until he saw this is also top of the partisan politics at this particular moment in time could be more challenging.
He's also facing some crucial issues here about whether or not he would consider.
A bad bank good bank scenario perhaps having to nationalize some of the financial institutions.
How does he get things accomplished knowing that partisan politics right now.
Is taking real stranglehold of this administration and at the same time.
Address some very very very important issues without happened some of those top jobs feel particularly in the Treasury Department.
You know I think with respect to the partisanship I think that you know he's still been able to get a lot done already adjusted a month they've been in office not just now.
Recovery bill but expanding child health insurance fair pay another another.
Initiatives and I think you'll just have to try to continue to work in the middle one of the first things we did in the transition was he reached out to bipartisan governors.
I think he fights some source of support on -- partisan basis for people like governor Crist and Schwarzenegger.
A -- governor Rowell and others so while the congress is kind of locked down in in its old pattern I think.
Around the country I think people want to see things open up.
With respect to the banks I think that.
A look it's a tough challenge I think secretary Geithner tried to work this through.
I use it applied to stress tests to see whit -- where apply funds and -- you know how to -- -- real literally out of bank by bank basis.
All right well John Podesta -- for American progress action fund president and CEO.
And -- former Obama transition director thank you so much for taking the time today I appreciate it.
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