David Gregory and E.J. Dionne talk about the idea that Obama has a much better chance than Bill Clinton did to make an immediate impact. Eugene Robinson, Tony Blankley and John Harwood also weigh in later on in the clip.
There’s no doubt that deficit spending isn’t ideal, but I’d much rather do it and have tangible benefits for our cities and states instead of giving people tax breaks and asking them to shop more. Because that has led us down a road where Americans spend more than they earn, which any economist worth their salt will tell you is a recipe for disaster.