john [applause] the seris debate of austerity stimulusegan 80 yes ago with the economist john maynardd say we can spend their way back to prosperity and friedrich hayek said it no way. not those exact wos but i would like to think if friedrich hayek heard about the obama stimulus plan he wod have said somethin like this. ♪ the party is over ♪ ♪ are you kiddin conoco it works perfectly fine knockout there was a recession back in 200 no. things could have been worse john: that is what i hear the recession would have been much worse witho stimus spending and when unemployment is still hayek that is the time to spen and jump-start the economy. ♪ john it is an ennine that needs a spark a this makes sense to people so let's turn to the producers of that rap video that has received millions of views on new tube rs roberts a former mtv producer, keyn argued the economic slowdown is pre th pump like a car? >> it sounds good and3 liticians like it but doesn't actually work? >> when the stimulus plan worked using the keynesian model they said if we did not pass it unemployment could reach eight