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Hey Big Spender

Title:

Hey Big Spender

Published: Mon, 9 Mar 2009

Description: Economists question whether President Obama's policies are helping economy

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Automatically Generated Transcript (may not be 100% accurate)

" They present Obama says this mess is something inherited saying his big spending policies are quote a break from a troubled past. Many top economists now say that's not the case is the new president's agenda actually making the economy worse. When debate that now on Monday morning Bob Beckel former Mondale campaign manager Fox News contributor Anderson terrorists of the former Press Secretary to House Republican Conference and eight. Foxnews.com. Contributor Andrew terrorist dot com dot net dot word dot. -- Close writer Andrew banks felt -- with a week ago you and me and proper sit here and he. And you said you're going to come back next week with a tattoo yeah that said I love -- involving Bill Clinton. Let's say it."

" I've been so busy watching the market I haven't had time to get it combines."

" Now see I'm not the only one who doesn't keep the promise drilling just like Brent Barry did -- long days of behind."

" Beckham got its act act act act -- it's not to place around the corner -- afternoon that's my -- to actually."

" what do you think about this the Obama policies and whether or not you know we should heed some some -- on him to the policies whether or not we should back off for right now go ahead well we absolutely should I mean look."

" Under President Bush the economy started to deteriorate under Barack Obama the economy has been in an economic freefall. In -- market is reacting to what Obama saying he's trying to bailout -- not bail out others he's trying to take money out of the economy he's saying he's going to tax the rich and tax investments all of these things that the market doesn't like consider giving Barack Obama right now he is stress test and his Turbotax Tim -- we've yet to hear him come up with a solution to tackle the markets he sits in front of congress he bites his -- he might as well be singing show tunes because then we have confirmation. That the guy doesn't really know he's."

" Wow whatever is describing there is the bear market we've seen inside of a bear market that got started in between the dinner which is inauguration day Bob go ahead. Well first law by the way and your loved that you it's it's very impressive. The as to why you -- getting your check I -- working -- CNN Los. That oral surgery in my mouth so why don't they sound exactly greater than -- normally deal understand why now look."

" The fact is this guy's been president for six weeks now we can't hear you sit in in the Bush Administration academy is going bad the recession started the last few years of the Bush Administration so. That's bogus to begin miss six weeks the fact that had a reflect the I would say this are probably or something because of that that -- there this be related. Roll out of the bank bailout that has certain market some upgraded but the fundamental problem this economy started well before Barack Obama getting you can't blame for bad but Israel aren't going to -- stood in -- loving them out that -- that the policies have been proposed I'm unlike a lot of these industries frankly aren't happy with them. Well on these industries aren't economic disarray right now they're not have with a rare event -- I mean I remember Ronald Reagan in 198180 -- give my program a chance to work. And I would say this time given that she was right it work it take a couple of years but it worked. Barack Obama is not going to happen overnight it's gonna take -- while the got this metal box that he inherited fund which improved them he inherited opt put the jet if you want. Barack Obama inherited Bush's that yeah. They're also looking for direction and guidance on the new policies and frankly not happy with resilient. And that's why I receive a sell off more than 400 points from last week Andrea go all it absolutely right come back SL let Bob go ahead and report -- in 12 Andrew."

" As a that's absolutely right and where every Monday we -- and talking about the deficit the deficit will be four times what it was under bush under Barack Obama -- look if you really want to get in the history of why -- in this issue let's look at the Democrats propagating the notion that everybody should own -- house even if they couldn't -- back in 2005. Republicans pushed for a strong independent regulator of Freddie and Fannie and Democrats like Barney Frank and Chris -- rebuffed. Their actions that's the crux of this issue and all we hear from Barack Obama is universal health care let's talk to the Taliban let's talk to Cuba -- Cuba the crux of this issue is a credit crisis or heroes you're -- thought oh why don't."

" Not only I mean virtually image based on what we're here in about seven the Treasury Department it enters pointers this Bob focus like a laser on the issue at hand the issue at hand. Is that financial recovery there are -- the financial system we should say just in general. Keep keep all eyes on that as opposed to stem cell research over here this afternoon -- and the health care proposal last week."

" Look but first -- go back to what you said bill yeah and not a US shuttle long weekend but you know the fact of the matter is that these markets react. For the last quarter reports from these companies which came out in January February and then the last quarter of the Bush Administration that's number one. Number joke if you don't believe that we look at -- Eli -- problem I don't know to be repetitive here but the react in the policies are going to be enacted in the coming weeks or months. And that it there is said look I I I admitted that show that there is some of this is your reaction of the policy but the policy seven had a chance to work number one. And number choke you gotta keep remind you that there is he inherited a credit French that is. Unbelievable I don't unprecedented in history and there's nobody I mean nobody Republican or Democrat or independent who seems to have an answer for this because we've not been -- this territory for giving guy breaking given a chance and don't lay all this -- right now let's try to act like Americans here and get behind the guy and see if it works it doesn't sound strategy in -- real well pledge not to blame them. Done deal Bob thank you for that we'll end on that point Andrea thank you was well why -- you got that tattoo place. A mom I went. He he he I'm waiting at the saw -- tattoo you. See guys have a good Monday by Dell -- I."

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