The Middle Class Needs Its Fair Share, Says Vice President

Vice President Joe Biden says that the economic system will not work unless the middle class believes they are getting their share of benefits from the economy. (0:17)
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Economic Expansion Will Create Shared Prosperity Says Biden

Vice President Joe Biden says that the next economic expansion will be characterized by the shared prosperity of the middle class. (0:24)
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Biden: Recovery Act Tax Cuts Are Pulling Double-Duty Shifts

Vice President Joe Biden says Recovery Tax cuts are not only helping families make ends meet, but also boosting economic activity. (0:29)
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The Economy Is Clearly On The Mend, Says Biden

Vice President Joe Biden says that the "economy is clearly on the mend" and comments on the importance of keeping job creation as a top priority. (0:21)
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National Black Chamber Of Commerce CEO Calls Cap And Trade Rhetoric B.S.

Harry Alford, CEO of the National Black Chamber of Commerce, says its "B.S." that consumers will bare and absorb the costs that arise from Cap and Trade legislation. "Costs are always carried onto the consumer," Alford adds. "It's economics 101." (0:46)
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NYU Professor Fears Fiscal Repercussions

Mark Gertler, a Professor of Economics at New York University, discusses the efforts the Federal Reserve will possibly have to make with the stimulus package. (0:30)
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GOP Leader: Reagan Understood that Freedom Needs to be Re-Institutionalized.

Kate Obenshain, former chairman of the Virginia GOP, said at an event for the Young America's Foundation that Reagan also understood that not only did freedom need to be understood but it needed to be re re-institutionalized. (1:01)

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Cost Of Swine Flu "Uncertain"

By Kayleigh Harvey - Talk Radio News Service

At a House Joint Economic Committee Hearing today, Dr. Christina Romer, Chair of the Council for Economic Advisors, was asked by Congressman Vic Snyder (D-Ark.) “How should we view the added uncertainty in the economy both here and abroad that may be created the threat of a major health flu pandemic around the world?” Dr. Romer said the costs at this stage were "uncertain," adding the priority of the administration was to "save lives."

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IMF: The Light at the End of Tunnel is Visible

Olivier Blanchard, an economic counselor and director of research at the IMF, states his belief that the economic crisis will begin to subside later this year, as long as economic policy remains consistent with those that already presently exist. (0:28)
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Chairman: IMF is Key to Solving Economic Crisis

Domonique Strauss-Kahn, chairman of the International Monetary Fund, applauds governments for being proactive in stopping financial crisis through stimulating the economy. However, the governments must continue to act in this manner or the world faces the fate of a longer and deeper recession. Also, he stresses how the International Monetary Fund is key to guiding world out of the recession. (0:28)
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Menendez says foreign aid beneficial to both sides

Sen. Menendez (D-N.J.) sees foreign aid to Latin and South America as mutually beneficial for them and the United States. (0:41)
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Obama camp okay with raising taxes to fund social security

Jeffrey Liebman, a policy advisor to the Barack Obama campaign says the McCain campaign put out an economic plan in which they said the Obama campaign cannot afford our benefit promises to seniors for social security. But Liebman says that Obama “does believe we can choose to meet our benefit promises to seniors.” Liebman added that Obama believes the best way to handle social security is “in a bi-partisan way,” and that the place to start in paying for it is “to have the people that can most afford it contribute more revenue.” (0:40)
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Robert Kuttner says that OECD countries use low taxes in other countries to argue for a race to the bottom, that we could restore high tax codes without hurting the economy, and that Democrats should argue for higher taxes

Robert Kuttner, author of The Squandering of America and co-founder of The American Prospect, says that OECD countries use low taxes in other countries to argue for lowering taxes, causing a race to the bottom and cutting of social services. He says that the U.S. could restore tax codes from 1999 or 1978 without hurting the economy, because people with high income "can damn well afford" taxation rates as high as 50%. He says that Democrats should try to make such rates popular again. Kuttner spoke at an event organized by the Campaign for America's Future and the Progressive Caucus, and featuring Reps. Barney Frank (D-MA), Barbara Lee (D-CA), and Lynn Woolsey (D-CA). (1:00)
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Robert Kuttner says that companies today are using the same tactics as companies in the 1920s

Robert Kuttner, author of The Squandering of America and co-founder of The American Prospect, says that companies today are using the same tactics as the pyramid schemes of the 1920s, including "lack of transparency, insider conflicts of interest, and too much speculating with borrowed money." He cites Enron, Worldcom, and sub-prime lending as examples. He spoke at an event organized by the Campaign for America's Future and the Progressive Caucus, and featuring Reps. Barney Frank (D-MA), Barbara Lee (D-CA), and Lynn Woolsey (D-CA). (0:57)
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U.S. Trade Representative Susan Schwab at the Woodrow Wilson Center

In addressing scholars on globalization and trade policy, Ambassador Schwab refutes claims that outsourcing is hurting the U.S. economy, citing 1.8 million jobs gained, and a 64% increase in manufacturing capacity. (0:48)
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