secretary alan krueger and economist martin feldstein are among those talking about the economy. >> this is the andrew brimmer economic policy forum. we are described in the handbook on page 81. this for elma was organized in the spring of 2008. the forum itself a start in boston in the year 2000 and since that time the association has been good enough to sponsor this four of every year since so this is the 11th occasion. excuse me is there a light of here?

nevertheless, it did work as alan krueger said.it worked in a sense and we thought now and finite numbers at the gdp has been better in the past couple of quarters than it otherwise would have. but what i would emphasize is that it was a low-cost affect admits policy. we got a small increase in demand and if we take that 1 million increase in the number of jobs would early while fiscal policy did embrace the gdp, while the fiscal stimulus was expanding, it went from nothing in the first quarter to roughly a $40 billion fiscal stimulus in the second quarter, and then more than double that in the third quarter. it was annexed -- it was expanding at an important rate. while that happened, we saw gdp rising. the question is, what is going to happen going forward? in 2010, the level of the fiscal stimulus is stable, no longer rising. it is very, is stable, but it is no longer rising. take some of the negative forces that we still see in the economy and we saw in the third quarter. it is the declines in the state and local government spe

nevertheless, it did work as alan krueger said.it worked in a sense and we thought now and finite numbers at the gdp has been better in the past couple of quarters than it otherwise would have. but what i would emphasize is that it was a low-cost affect admits policy. we got a small increase in demand and if we take that 1 million increase in the number of jobs would early that small @ lative to the 14 plus million while that happened we saw gdp rising. and the question is what's going to happen going forward even in 2010 when the level of the fiscal stimulus is stable. no longer rising is they are, it's stable, but it's no longer rising. so with some of the negative forces that we still see in the economy saw in the third quarter. if the decline in state and local government spending, if the declines in that exports, if the declines in business fixed investment continue and we don't have an offsetting positive thrust from an expanding fiscal stimulus, will the economy continued to expand throughout 2010? and i think the answer to

him, krueger, why don't you do something 70 what the hell could i do general? also note something else. i had my hat on. ok. the next one demonstrates who they were concerned about. not me. the horse. and the last picture is the one that i am told i got thunderous applause. i do not remember any of it. i got back on that horse, not with any sense of ride 'em, cav. but leg hurt too much to walk the ranks for 8,000 soldiers, 9,000 soldiers. i had too much pride to ride in a mule pool wagon. and the only other way is on the back of that horst. -- of that horse. there were two people who probably did not applaud. one was my mother-in-law, who was with us from 1955 until she passed in the 1980's. she was setting beside louise, she never came out for the 84th formation, but when i got back on the horse, she said "he's not going to get back on that crazy horse, is he"? and the other picture we have, bob schumacher, my boss, sitting in the front row, his head in his hands, about near his knees, you can almost see it going through his mind, my god, i have to train anoth

tm there at yr well, university of florida understood former coach krueger, not present coach billy donovan. >> eric: we'reoi to g all the y to the other end of e oor and shoot ee-thrs. >> bob: national championships and final fours are the ntucky. tho watinchg theyl likely be ranked number o andhere deserving . eyet t m challenge despite the uth. met the challenge playing on the neutral cou like madison square rden played h and games on the road and performewe. of course, in this building, allyreougreally, relyal, >>ri john hood in the game for the firste f kentucky. john cipari clrs oea t nch.be mill, hits the shot he's now gpoints. >> bob: has shown three-point shoin and from thehree-man shot as s ll 19.eric: rmfa, pull-u fromwith ntue on that. we talk about the national you we in the buildinn 1 ucky. 78 were an assista for whatere wuremories? >> bob: given 44, that's what had a very young team. two fremen starting at the forward, banks and denard. they had givens and roby and ilps and leeamoff the macy was on t team.bounder. allas the coach. isoach hall right ther >> eric: they won e i

>> allen krueger. >> that was the right choice.ere are issues with the timing and you will see the nature of the recovery act change over time as more of the money goes into infrastructure spending. most of the initial money went into tax cuts in unemployment insurance benefits which jamie alluded to. but, i think you will see more the stimulus spending going into infrastructure and going into renewable energy. the vice president announced to very large grants for batteries. we eliminate some of what i consider a justified tax subsidy to the oil and gas industry, and i mean that is part of the administration's approach to an energy policy. i think you will see more of the stimulus money going towards try to stimulate jobs in the job sector. >> first off i am glad to see we all agree things could be worse but several people mentioned that is a rapid lobar but i will point out however good the policy might have been we have also seen recoveries in the rest of the world so we have equally skilled people there. let me just point out wh

donald kohn assistant treasury secretary alan krueger and economist martin feldstein are among thosetalking about the economy. >> this is the andrew brimmer economic policy forum. we are described in the handbook on page 81. this for elma was organized in the spring of 2008. the forum itself a start in boston in the year 2000 and since that time the association has been good enough to sponsor this four of every year since so this is the 11th occasion. excuse me is there a light of here? why can't see. [laughter] this year's for rahm was titled the national economic policies of president barack obama evaluation after one year on the trail. the speakers in the book will appear as the order in which they are listed in the book except a few days ago christine a romer sent me an e-mail saying because the work of the council of economic advisers and the president's state of the union message economic reports and so on she couldn't possibly come today. so, she instead asked the program, assistant secretary of the treasury and chief economist was coming to the matter and he would be prepared