More Stimulus Needed?

" We have not seen -- jobless rate this high since 1983 the unemployment right now the United States is at ten point 2%. Our next guest says it's proof we need more stimulus California Democrat congressman -- Now you like this what does that mean by the way congressman more stimulus spending on what specifically we already have seven and 87 billion dollars. It affected not yet all rolled out."

" Well my position is we not only need more stimulus now but we need to reverse the stimulus leader keynesian economics is two parts. The candy and taking a way to candy apparent need need to be part of the same bill clothing when we get this unemployment rate down. We're gonna have to have less spending and more revenue if you look now need."

" I was gonna say if you look at the chart of the unemployment rate in the country we just had it up we can bring it back up. Ten point 2% now but since the first stimulus package was passed it's done nothing but. Go up right and and and -- and the argument is well you spending all this money and it's not. Getting the desired effect. And I think you're getting at that to some degree as well the -- wasn't targeted enough and even different kind of spending programs are right. -- the best."

" This spending programs give you the most bang for the buck the first thing we ought to do is guarantee -- yet. So that states can issue bonds that they're not able the issue and put people to work on projects that are so good. It's feet. Taxpayers are willing to pay for them. But the second thing we need to do we've got to build do it now. Is to provide net operating loss carry stacks for businesses so instead of them taking those losses in the abducting them and 33 when they won't need the money. Let them take those deductions now when they do need the money to keep people employed. We need the most bang for the buck now and the end when the unemployment rate goes back down we have to be ready to pay back this debt as unpopular as that'll do."

" What about just simple tax cuts -- Governor Huckabee I ask you about it because he brought it up the last section that we should have more you don't just give me more money back. To the people and and you don't -- to help out small business a little bit along the line as well what's wrong with that."

" We'll that was in the stimulus bill -- a substantial must act and then of course we get the net operating loss. Carried back to put more money in -- businesses fans but it has to be part of the program. Weird you're going to tax more it's been unless both very painful thing for all people."

" And Roosevelt and and yeah and there's -- pay back the dead -- and as this one once we get the economy go right this Cynthia movement against more spending anyway right now so it you know Washington is there. Even if you want to proposed stimulus and even if it was targeted even it was a great ideas that that is the political appetite there for now congressman."

" There's little political appetite and I don't think there's been discussion with the public of how we need to have expansionary policies now. And they must be time. To statutory provisions that require us they have tightening fiscal policies when the unemployment rate dropped below 5% right I for one and scared they have too much stimulus now we don't have anything in plan. Locked into the same data you can't just say oh -- retail right all right congressman Brad Sherman Democrat of California congressman thanks very much."