Obama's ever-growing stimulus package

[0:00]" We're talking with Boston University professor mark Williams about president elect Obama's efforts at putting together a stimulus package to jumpstart the economy. K I am rolling in the first question is the obvious one we were just saying. This size of this stimulus package seems to grow and grow and grow. I would -- that's dictated by events that are taking place in the marketplace."

[0:22]" Yes I think Obama trying to respond to the economy -- looks now verses where it was September. Before at the talk -- or eat 200 billion dollars stimulus package. Now it's been up to 700 to possibly even a trillion dollars. But it shows of the dirty. Of the -- economy."

[0:42]" Do you think that that government intervention on the skills needed."

[0:46]" Yep I think it is -- we clearly no -- economy. We need new jobs. This -- not campaign promise that Obama needs to meet alone in the cities could agree to point fiber stabilized two point five additional jobs but 2011. It's really exceeded leaving jobs which have been lost in November alone we lost over 5000 jobs. Unemployment -- now crossed the country's six point 7% we have now over 10000 people. Where are out of work so that's significant soak in a sense of having -- stimulus package would create. The opportunity for new jobs building highways bridges schools and airports et cetera so. I think it is --"

[1:50]" Writes I think. The challenge -- disable how we got spend this money. What we're looking at knows this stimulus package potentially could be larger than even that part program which was introduced only sixteen weeks ago. It's very hard to say we can pinpoint certain party economy. In improve it. So incensed by looking at a broad approach that is spending anywhere between 374 trillion dollars on infrastructure. The lead just hoping PW how we know that. More people we put it work we know more people work what can spend more money they'll go back into the economy in hopefully stabilize the not only work environment about high unemployment but also stabilize the real state -- which is still very much teetering."

[2:35]" I guess the one thing that that you wonder about when you're talking about stimulus package like this is. But what is they'll link between fat and restoring confidence on the part of consumers which. I guess really has caused the bottom dropped out here."

[2:51]" It has with it's a crisis of confidence throughout their economy. Well what we're seeing is that by hopefully pumping more money and providing. New jobs. Will put more money in people's pockets. That's certainty will create hopefully. Greater spending we know that we're consumers society about 6570%. Of our economy is driven by that is GDP. Is driven by consumer spending. Having a job having more income coming in should increase the amount and willingness of people to spend."

[3:22]" Do you think that this -- stimulus package by itself is enough."

[4:02]" Of course that begs the question what would be the next thing that would be needed. Yes where's the next league spring. I wish I knew that. -- come on you've got the crystal ball. It."

[4:17]" Very uncertain economy."

[4:42]" Well there's two views here but some economists are saying they were looking at second quarter of 2009. Should be her while we're going to. Or get out of the recession others are -- more bleak picture. And I think -- this will be effective stimulus package. That itself is it truly is named stimulus that it is effective back to pull out shorter with in the 2009 -- for. At this point do we really don't know that except for the program until it truly is approved. It's implemented. In the and we can sort of survey and decided -- effectiveness."

[5:19]" Above and beyond putting money on public works jobs and trying to get those -- back to work. Where else you think that money would be best spent."