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Economy Reeling, Markets Retreat -- CAP's Tyson on CNBC

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Uploaded by on Jan 17, 2008

http://www.americanprogressaction.org/issues/2008/stimulus.html

Our country faces a likely serious and possibly devastating economic downturn. Policymakers must act to stem the severity to the extent they can. Failure to come together to act quickly means that the economic pain will be broader and deeper than otherwise would be the case. Average American workers, who failed to benefit from economic growth in this last business cycle, will be amongst the hardest hit. And, if Washington cannot now take measures to address the short-term weaknesses in the economy, then the first years of the next Administration will be consumed by that challenge—leaving little capacity for progress on health care, the transformation to a low-carbon economy, and creating the conditions for long-term growth and economic opportunity.
Center for American Progress Senior Fellow Dr Laura Tyson joined CNBC to talk about the economy & a needed stimulus.

www.AMERICANPROGRESS.org

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  • someone smart please help me

    i cant watch this video C8

  • what we need to do is Kill all the Rich people and give there money to people who need it Fuck the Untouchables all those rich fucking bastards that are ruining this country its not run by Congress its all a bunch of lies and Propaganda

  • it basically already is if you live her you would know how fucked up the system really is i cant wait to see the day the people take back this country

  • read my lips

    WE ARE IN A RECESSION AND HAVE BEEN

    IT'S OK TO CALL IT WHAT IT IS NOW FIX IT.

  • Are they going to make USA into a TOTALLY ZIONIST and MILITARY POLICE STATE?

    YES USA controled by ZIONIST FED, ZIO-CENTRAL BANKS AND USA-ZIONIST MEDIA

  • because thats the plan

    they want to live like gods

  • a maximum wage.

    how messed up will it be when the us is in the second great depression and the richest people in the world are inside the us??

    stop corporations from outsourcing jobs for little to no wages whilst keeping the money for themselves. make them give it back to support the free country that let them get so rich.

    the earth offers everything we need to survive and yet all we do is screw each other over, WHY??

  • $150 billion 'stimulus' which 80% will go to corporations & the wealthy while the rest of us get $300 rebates! So, spend MORE of the people's money to prop up under-performing corporations & these banks that wrote junk loans, and cross your fingers some of it 'trickels-down' to the middle class??? Better idea: save the $150 billion.

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