Face the Nation (CBS) - 2009-01-18
Channel: malgent
Uploaded:
Duration: PT1319S
Read a transcript preview of “Face the Nation (CBS) - 2009-01-18” from malgent, uploaded on 2025-08-03.
Transcript preview
Language: English (YouTube automatic captions)
[0:00] Today on Face the Nation from Capitol
[0:02] Hill, two days before the inauguration,
[0:04] an exclusive interview with
[0:06] President-elect Barack Obama's top
[0:09] economic advisor, Larry Summer. In just
[0:12] 2 days, the new president will be sworn
[0:15] in before what is expected to be the
[0:17] largest crowd ever to gather here. But
[0:20] when the crowds go home, the new
[0:21] president will be left to solve the
[0:23] worst economic crisis since the Great
[0:26] Depression. Larry Summers will be his
[0:29] top advisor in that effort. Can it be
[0:31] done? How long will it take? We'll start
[0:34] there. Then we'll get perspective from
[0:37] Georgetown University historian Michael
[0:39] Eric Dyson and John Dickerson of Slate
[0:42] Magazine. I'll follow with some thoughts
[0:45] of my own on president's inaugurations
[0:48] and what comes after. But first, fixing
[0:51] the economy on Face the Nation.
[0:58] [Applause]
[0:58] [Music]
[1:01] Face the nation with CBS News Chief
[1:04] Washington correspondent Bob Schaefer.
[1:07] And now from CBS News in Washington, Bob
[1:10] Schaefer.
[1:12] >> And good morning again from Capitol
[1:14] Hill. Joining us here, the incoming
[1:16] director of the National Economic
[1:17] Council, Larry Summers. M Summers, thank
[1:19] you. Well, it's going to be quite a
[1:22] couple of days here, but once the uh
[1:24] once the music stops, you're going to
[1:26] have your work cut out for you. Uh the
[1:29] economic recovery package you and the
[1:31] new president are proposing now up to
[1:33] $825 billion. Some people say even that
[1:36] is not going to be enough. I think you
[1:38] yourself have written uh it would be
[1:40] worse to do too little uh than to do too
[1:43] much. Um, is this going to pass