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1 00:00:00,800 --> 00:00:03,100 Mr. Gibbs: Good afternoon. 2 00:00:03,100 --> 00:00:05,670 Before we do our regularly scheduled programming -- 3 00:00:05,667 --> 00:00:09,697 I'll do this after Jared -- I've got an announcement before 4 00:00:09,700 --> 00:00:11,400 we do our regular questions. 5 00:00:11,400 --> 00:00:14,670 But before we get started Jared Bernstein, 6 00:00:14,667 --> 00:00:16,197 the Vice President's chief economist, 7 00:00:16,200 --> 00:00:20,830 will walk us through the roadmap to recovery that the President 8 00:00:20,834 --> 00:00:23,564 and the Vice President spoke about today. 9 00:00:23,567 --> 00:00:26,667 He'll take a few of your questions and then back to me. 10 00:00:26,667 --> 00:00:27,797 Jared. 11 00:00:27,800 --> 00:00:30,270 Mr. Bernstein: Thank you, Robert. 12 00:00:30,266 --> 00:00:36,566 This is different, I usually face you one at a time. 13 00:00:36,567 --> 00:00:39,837 The President and the Vice President today outlined the 14 00:00:39,834 --> 00:00:44,064 roadmap to recovery, which spotlights some of the ways 15 00:00:44,066 --> 00:00:48,196 we're going to accelerate implementation of the American 16 00:00:48,200 --> 00:00:52,900 Recovery and Reinvestment Act during its second 100 days. 17 00:00:52,900 --> 00:00:55,670 While there are some hopeful signs that the pace of the 18 00:00:55,667 --> 00:00:59,737 downturn has diminished, the nation's economy's yet to recover. 19 00:00:59,734 --> 00:01:03,064 You heard the President this morning acknowledge that we 20 00:01:03,066 --> 00:01:05,636 remain in the midst of a deep recession. 21 00:01:05,633 --> 00:01:08,103 Most importantly from the perspective of working families, 22 00:01:08,100 --> 00:01:12,430 the nation's employers are still shedding jobs on net. 23 00:01:12,433 --> 00:01:15,963 As we've said many times, when the private sector economy is 24 00:01:15,967 --> 00:01:18,797 under-performing there's a critical role for the government 25 00:01:18,800 --> 00:01:22,630 to play in temporarily picking up the slack. 26 00:01:22,633 --> 00:01:27,133 The Recovery Act does that through a uniquely broad set of 27 00:01:27,133 --> 00:01:31,103 provisions designed to create or save millions of jobs over the 28 00:01:31,100 --> 00:01:32,530 life of the bill. 29 00:01:32,533 --> 00:01:35,663 We've talked about that extensively over the first 30 00:01:35,667 --> 00:01:37,467 hundred days. 31 00:01:37,467 --> 00:01:42,337 Thus far over that period we've created or saved over 150,000 32 00:01:42,333 --> 00:01:45,663 jobs, cut taxes for 95% of working families, 33 00:01:45,667 --> 00:01:48,797 increased unemployment benefits for laid-off workers, 34 00:01:48,800 --> 00:01:51,900 provided fiscal stabilization relief -- 35 00:01:51,900 --> 00:01:55,670 that's particularly important, given states' fiscal conditions 36 00:01:55,667 --> 00:02:01,837 -- to 26 states, made funds available for over 4,000 37 00:02:01,834 --> 00:02:06,834 transportation projects, projects that put people back to work. 38 00:02:06,834 --> 00:02:09,964 In fact, we've obligated an average of over a billion 39 00:02:09,967 --> 00:02:11,837 dollars per day in Recovery Act funds, 40 00:02:11,834 --> 00:02:15,564 and we've done so with a level of oversight and accountability 41 00:02:15,567 --> 00:02:21,167 I don't believe any of us have ever seen before at any level of government. 42 00:02:21,166 --> 00:02:24,836 In the second 100 days we plan to accelerate these activities 43 00:02:24,834 --> 00:02:27,534 in ways I'll describe in a moment. 44 00:02:27,533 --> 00:02:32,933 Our goal is to create or save 600,000 jobs over this next period. 45 00:02:32,934 --> 00:02:36,834 And now that we have laid the groundwork over the first 100 46 00:02:36,834 --> 00:02:41,164 days, we can accelerate the implementation over the second. 47 00:02:41,166 --> 00:02:43,666 It's important to remember while the Recovery Act is an integral 48 00:02:43,667 --> 00:02:47,397 part of our plan -- one that spurs new demand and puts people 49 00:02:47,400 --> 00:02:50,530 back to work during these hardest hit times -- 50 00:02:50,533 --> 00:02:52,433 it is but one part of our plan. 51 00:02:52,433 --> 00:02:54,433 It's one pillar. 52 00:02:54,433 --> 00:02:56,863 The financial stabilization plan, the housing plan, 53 00:02:56,867 --> 00:03:00,597 financial regulatory reform, a budget that makes historical 54 00:03:00,600 --> 00:03:02,830 investments in energy, health care and education, 55 00:03:02,834 --> 00:03:05,704 while cutting the deficit in half over our first term, 56 00:03:05,700 --> 00:03:10,030 remain other central pillars of our economic plan. 57 00:03:10,033 --> 00:03:16,733 Now, at this point I'd like to briefly run through 10 new major 58 00:03:16,734 --> 00:03:19,234 projects that will define the next three months of the 59 00:03:19,233 --> 00:03:23,533 Recovery Act underway across the United States. 60 00:03:23,533 --> 00:03:26,703 This also reveals how we're addressing the economic 61 00:03:26,700 --> 00:03:30,370 downturns throughout all regions of the country's -- 62 00:03:30,367 --> 00:03:32,637 in every state and all the territories. 63 00:03:32,633 --> 00:03:36,333 It's a pervasive recession geographically, 64 00:03:36,333 --> 00:03:43,233 and the Recovery Act is equally pervasive geographically. 65 00:03:43,233 --> 00:03:48,703 Now is a test of whether this system is truly idiot-proof. 66 00:03:48,700 --> 00:03:51,430 And there we go -- I don't think we've ever used this here 67 00:03:51,433 --> 00:03:55,033 before, so making history. 68 00:03:55,033 --> 00:03:56,363 The Press: Was that paper a stimulus -- 69 00:03:56,367 --> 00:03:59,537 (laughter) 70 00:03:59,533 --> 00:04:00,933 Mr. Gibbs: We cut newspapers. 71 00:04:00,934 --> 00:04:02,134 (laughter) 72 00:04:02,133 --> 00:04:03,763 The Press: Ooh. 73 00:04:03,767 --> 00:04:05,037 The Press: Harsh. 74 00:04:05,033 --> 00:04:07,163 The Press: Robert, in all seriousness, isn't there one behind there 75 00:04:07,166 --> 00:04:10,496 that we could have popped open -- 76 00:04:10,500 --> 00:04:12,870 Mr. Gibbs: You want to move over here so you can see that? 77 00:04:12,867 --> 00:04:14,667 The Press: I mean, I have a print-out version of it. 78 00:04:14,667 --> 00:04:16,897 Mr. Gibbs: I was going to say, you can use my -- 79 00:04:16,900 --> 00:04:19,230 The Press: That'll be great. 80 00:04:19,233 --> 00:04:24,463 Mr. Bernstein: The first line, actually combines all of the activity 81 00:04:24,467 --> 00:04:27,637 from the next 10 slides, the 10 programs I'm going to 82 00:04:27,633 --> 00:04:32,263 articulate, and you get a sense I think from all those little 83 00:04:32,266 --> 00:04:40,236 dots across the nation how geographically extensive this is. 84 00:04:40,233 --> 00:04:46,563 The act -- so now we're going to go one through one by these 10 85 00:04:46,567 --> 00:04:52,597 different pieces of -- parts of the plan we'll be ramping up and 86 00:04:52,600 --> 00:04:54,700 implementing over the next hundred days. 87 00:04:54,700 --> 00:04:59,670 The act enables over 1,100 health centers in 50 states and 88 00:04:59,667 --> 00:05:02,097 eight territories to provide extended, 89 00:05:02,100 --> 00:05:06,430 expanded service to approximately 300,000 patients 90 00:05:06,433 --> 00:05:08,103 of these health centers. 91 00:05:08,100 --> 00:05:11,570 The Health and Human Services program will create jobs and 92 00:05:11,567 --> 00:05:15,097 support health center efforts to improve access to quality, 93 00:05:15,100 --> 00:05:17,100 comprehensive, and affordable care. 94 00:05:17,100 --> 00:05:20,470 I view this as particularly important in a climate where job 95 00:05:20,467 --> 00:05:24,397 loss also means the loss of health insurance coverage 96 00:05:24,400 --> 00:05:30,930 through the job for so many hundreds of thousands of workers. 97 00:05:30,934 --> 00:05:35,004 We'll begin work on rehabilitation and improvement 98 00:05:35,000 --> 00:05:41,030 projects at 98 airports and over 1,500 highway locations 99 00:05:41,033 --> 00:05:42,503 throughout the country. 100 00:05:42,500 --> 00:05:45,400 These projects include runway construction at selected 101 00:05:45,400 --> 00:05:49,370 airports to increase capacity, interstate repaving projects to 102 00:05:49,367 --> 00:05:51,267 reduce bottlenecks and congestion. 103 00:05:51,266 --> 00:05:53,936 And by the way, I think this aspect of the plan is important 104 00:05:53,934 --> 00:05:57,434 in the sense that the plan ramps up, as you're seeing, 105 00:05:57,433 --> 00:06:02,103 as we're discussing, over the summer and then towards the end 106 00:06:02,100 --> 00:06:05,530 of next year the plan ramps down; it's a two-year plan. 107 00:06:05,533 --> 00:06:08,963 And in order to maintain the fiscal responsibility that's so 108 00:06:08,967 --> 00:06:12,337 important to this President and to our budget, 109 00:06:12,333 --> 00:06:15,763 the plan needs to get into and out of the system. 110 00:06:15,767 --> 00:06:23,437 But investments like these will continue to boost the quality of 111 00:06:23,433 --> 00:06:27,363 the nation's infrastructure and promote productive activity 112 00:06:27,367 --> 00:06:33,137 throughout our economy after the plan is over. 113 00:06:33,133 --> 00:06:37,363 Over the second hundred days we'll fund 135,000 education 114 00:06:37,367 --> 00:06:41,697 jobs, including teachers, principals and support staff. 115 00:06:41,700 --> 00:06:44,430 The recovery funds will help to keep outstanding teachers in 116 00:06:44,433 --> 00:06:47,203 America's schools and help with necessary reforms to 117 00:06:47,200 --> 00:06:49,530 ensure that every child can receive a complete and 118 00:06:49,533 --> 00:06:51,133 competitive education. 119 00:06:51,133 --> 00:06:53,433 Now, this, by the way, is one dimension of the -- 120 00:06:53,433 --> 00:06:55,933 we talk a lot about jobs created or saved -- 121 00:06:55,934 --> 00:06:58,904 this is an area where you see jobs saved, 122 00:06:58,900 --> 00:07:02,500 in many cases because of very tight and constrained state 123 00:07:02,500 --> 00:07:08,770 fiscal budgets, the help that the plan provides enables states 124 00:07:08,767 --> 00:07:12,937 and municipalities to avoid layoffs of workers, 125 00:07:12,934 --> 00:07:15,564 be they teachers, firefighters, police, 126 00:07:15,567 --> 00:07:18,467 and saving those jobs is critical to the provision of 127 00:07:18,467 --> 00:07:25,937 these essential services. 128 00:07:25,934 --> 00:07:31,134 The plan over the next hundred days begins improvement at 90 129 00:07:31,133 --> 00:07:33,763 veterans' medical centers across 38 states. 130 00:07:33,767 --> 00:07:36,637 It's going to help upgrade existing veterans' medical 131 00:07:36,633 --> 00:07:40,233 centers to increase the quality of the facilities to deliver the 132 00:07:40,233 --> 00:07:45,303 kind of care our soldiers deserve. 133 00:07:45,300 --> 00:07:49,030 This is one that is particularly dear to my boss, 134 00:07:49,033 --> 00:07:51,333 the Vice President. 135 00:07:51,333 --> 00:07:56,233 The plan will hire or keep over the next 100 days on the job 136 00:07:56,233 --> 00:08:00,233 approximately 5,000 law enforcement officers. 137 00:08:00,233 --> 00:08:03,133 These funds are going to be used to hire new officers while also 138 00:08:03,133 --> 00:08:06,533 retaining our veteran force. 139 00:08:06,533 --> 00:08:11,003 Start 200 new waste and water systems in rural America. 140 00:08:11,000 --> 00:08:14,900 Another dimension of this plan is to go beyond simply urban and 141 00:08:14,900 --> 00:08:18,830 suburban localities and to reach into rural America. 142 00:08:18,834 --> 00:08:21,404 These projects will replace outdated water mains and build 143 00:08:21,400 --> 00:08:26,870 waste-water treatment facilities for small communities. 144 00:08:26,867 --> 00:08:30,497 This one I thought was particularly germane given 145 00:08:30,500 --> 00:08:35,730 summer vacation season: Begin work on 107 national parks. 146 00:08:35,734 --> 00:08:37,934 Through these projects we'll preserve the national park 147 00:08:37,934 --> 00:08:40,604 system, a true American treasure, 148 00:08:40,600 --> 00:08:45,030 and launch long overdue projects. 149 00:08:45,033 --> 00:08:48,403 Begin or accelerate cleanup work at 20 super-fund sites from the 150 00:08:48,400 --> 00:08:49,900 national priority list. 151 00:08:49,900 --> 00:08:53,070 Super-fund work will boost local economies by creating and 152 00:08:53,066 --> 00:08:59,736 maintaining jobs, while also protecting human health and the environment. 153 00:08:59,734 --> 00:09:04,534 Critical piece here: to create 125,000 summer youth jobs, 154 00:09:04,533 --> 00:09:07,233 very much part of the summer agenda here. 155 00:09:07,233 --> 00:09:09,763 Empowering our young people through meaningful summer 156 00:09:09,767 --> 00:09:11,867 employment, so keep them off the streets, 157 00:09:11,867 --> 00:09:13,697 provide them with valuable work experience. 158 00:09:13,700 --> 00:09:17,970 Many of these plans have a very good track record in setting 159 00:09:17,967 --> 00:09:26,097 folks up for better careers when they become adults in the labor force. 160 00:09:26,100 --> 00:09:32,000 Initiate 2,300 construction and rehabilitation projects at 359 161 00:09:32,000 --> 00:09:34,800 military facilities across the nation. 162 00:09:34,800 --> 00:09:38,600 Department of Defense projects will improve personnel living 163 00:09:38,600 --> 00:09:41,400 quarters and install green technologies throughout the 164 00:09:41,400 --> 00:09:46,200 country for the United States military. 165 00:09:46,200 --> 00:09:50,600 Today we also launched whitehouse.gov/recovery, 166 00:09:50,600 --> 00:09:54,200 a new Web page that allows the public to follow the progress on 167 00:09:54,200 --> 00:09:56,330 the road to recovery in their communities, 168 00:09:56,333 --> 00:10:00,163 and hear from folks whose lives are being influenced by the 169 00:10:00,166 --> 00:10:01,536 Recovery Act. 170 00:10:01,533 --> 00:10:02,403 Thank you all. 171 00:10:02,400 --> 00:10:05,900 I'll turn things back to Mr. Gibbs. 172 00:10:05,900 --> 00:10:06,730 Mr. Gibbs: Jake, do you have a -- 173 00:10:06,734 --> 00:10:08,164 The Press: Yes. 174 00:10:08,166 --> 00:10:12,866 In January you and Dr. Romer issued your recommendation for 175 00:10:12,867 --> 00:10:15,367 the stimulus. 176 00:10:15,367 --> 00:10:17,067 It turned out to be rather optimistic, 177 00:10:17,066 --> 00:10:18,766 I think it's fair to say. 178 00:10:18,767 --> 00:10:21,597 You said without the stimulus, the unemployment rate would be 179 00:10:21,600 --> 00:10:22,730 just over 8%. 180 00:10:22,734 --> 00:10:25,404 Obviously it's 9.4%. 181 00:10:25,400 --> 00:10:29,100 How do you explain that, and have you factored in whatever 182 00:10:29,100 --> 00:10:34,800 overly optimistic view you had then when you talk about 600,000 jobs now? 183 00:10:34,800 --> 00:10:36,600 Mr. Bernstein: The answer to the second part of your question is yes, 184 00:10:36,600 --> 00:10:38,730 and I'll elaborate then in a second. 185 00:10:38,734 --> 00:10:40,664 On the first part of the question, 186 00:10:40,667 --> 00:10:43,797 when we made our initial estimates, 187 00:10:43,800 --> 00:10:50,600 that was before we had fourth-quarter results on GDP, 188 00:10:50,600 --> 00:10:53,600 which we later found out was contracting on an annual rate of 189 00:10:53,600 --> 00:10:57,700 6%, far worse than we expected at that time. 190 00:10:57,700 --> 00:11:01,300 To elaborate a bit on the second part of your question, 191 00:11:01,300 --> 00:11:06,670 the important thing to realize is that our estimate, 192 00:11:06,667 --> 00:11:10,667 whether it's 600,000 jobs over the second hundred days or 3.5 193 00:11:10,667 --> 00:11:12,767 million jobs over the life of the plan, 194 00:11:12,767 --> 00:11:17,267 that's the difference between what we believe would occur in 195 00:11:17,266 --> 00:11:20,896 the job market in the absence of this plan and what we actually 196 00:11:20,900 --> 00:11:23,470 observe in the job market. 197 00:11:23,467 --> 00:11:29,097 In the absence of the -- were this plan not to be implemented 198 00:11:29,100 --> 00:11:34,330 as I've described and as Dr. Romer and I articulated back 199 00:11:34,333 --> 00:11:37,133 then, in the absence of the plan, 200 00:11:37,133 --> 00:11:39,803 job losses would have been deeper from whatever level they started. 201 00:11:39,800 --> 00:11:41,070 Job losses would have been deeper, 202 00:11:41,066 --> 00:11:44,436 the unemployment rate would have been, by our estimate, 203 00:11:44,433 --> 00:11:47,163 by the end of next year would have been between 1.5 and 2 204 00:11:47,166 --> 00:11:50,936 points higher than it otherwise will be. 205 00:11:50,934 --> 00:11:55,134 So those estimates that we are touting today and the estimates 206 00:11:55,133 --> 00:11:58,833 that you hear us talk about, that's the difference between 207 00:11:58,834 --> 00:12:01,634 what would have happened to the job market, 208 00:12:01,633 --> 00:12:06,303 the unemployment rate were this plan not in effect, 209 00:12:06,300 --> 00:12:08,300 and the actual outcomes of jobs. 210 00:12:08,300 --> 00:12:14,270 And that gap, that difference between actual and the 211 00:12:14,266 --> 00:12:18,536 expectation, absent the plan, that's where the estimates come from. 212 00:12:18,533 --> 00:12:23,403 The Press: Jared, can you give us a little better accounting on the 150,000 213 00:12:23,400 --> 00:12:25,230 jobs that have been created or saved? 214 00:12:25,233 --> 00:12:28,163 And you guys -- it's a number I now have heard a couple of times. 215 00:12:28,166 --> 00:12:30,336 What is the accounting on that? 216 00:12:30,333 --> 00:12:33,103 Mr. Bernstein: Just as I described. 217 00:12:33,100 --> 00:12:37,170 We know how fast the plan is spending out. 218 00:12:37,166 --> 00:12:39,336 We know which sectors -- and it's actually -- 219 00:12:39,333 --> 00:12:42,203 if you go back to the Romer-Bernstein report, 220 00:12:42,200 --> 00:12:47,030 you'll see that we actually have estimates by sector, 221 00:12:47,033 --> 00:12:50,533 by industry, but also by energy, construction, 222 00:12:50,533 --> 00:12:52,703 and infrastructure, tax cuts -- 223 00:12:52,700 --> 00:12:55,170 The Press: So the 150,000 are just based on these estimates so far on what 224 00:12:55,166 --> 00:12:57,366 you guys projected out of how this money would be spent? 225 00:12:57,367 --> 00:12:58,337 Mr. Bernstein: Correct. 226 00:12:58,333 --> 00:13:00,833 The Press: So we don't know exactly -- so you guys -- 227 00:13:00,834 --> 00:13:06,334 Mr. Bernstein: The 150,000 jobs is -- it comes precisely out of the methodology 228 00:13:06,333 --> 00:13:09,633 I was just describing; that is, we have -- 229 00:13:09,633 --> 00:13:13,303 we know spend-out, we know the types of spend-out, 230 00:13:13,300 --> 00:13:15,830 so therefore we can assign multipliers to different parts 231 00:13:15,834 --> 00:13:16,734 of the plan. 232 00:13:16,734 --> 00:13:19,334 For example, tax cuts generate a smaller multiplier than direct 233 00:13:19,333 --> 00:13:20,803 government spending. 234 00:13:20,800 --> 00:13:26,200 Once you know the spend-out and the type of spending that you're 235 00:13:26,200 --> 00:13:30,130 engaged in, then you can derive an estimate of how many jobs you 236 00:13:30,133 --> 00:13:33,463 believe you created relative to what would have occurred in the 237 00:13:33,467 --> 00:13:35,837 job market were you not doing that spending. 238 00:13:35,834 --> 00:13:38,804 And let me just make one other point about this. 239 00:13:38,800 --> 00:13:42,230 This is -- I want to be very clear about this -- 240 00:13:42,233 --> 00:13:45,963 this is a absolute tried and true economic methodology. 241 00:13:45,967 --> 00:13:50,667 In fact, there's simply no other way to make this kind of estimate. 242 00:13:50,667 --> 00:13:54,297 You have to have an estimate of what would have occurred in the 243 00:13:54,300 --> 00:14:01,170 absence of your stimulus plan in order to come up with the jobs 244 00:14:01,166 --> 00:14:03,396 that you've created or saved. 245 00:14:03,400 --> 00:14:06,070 Every macro model, whether it's Federal Reserve or private 246 00:14:06,066 --> 00:14:10,096 forecasters, engages in these kinds of exercises. 247 00:14:10,100 --> 00:14:12,200 The Press: Can I get an estimate also -- you said that you've spent about 248 00:14:12,200 --> 00:14:14,070 a billion dollars a day, so obviously -- 249 00:14:14,066 --> 00:14:16,366 minus $800 billion, there's about $700 billion left to be 250 00:14:16,367 --> 00:14:17,697 spent of the stimulus. 251 00:14:17,700 --> 00:14:20,530 Is that a fair -- assume that it's -- 252 00:14:20,533 --> 00:14:23,803 Mr. Bernstein: Just to be precise, it's actually a matter of obligating 253 00:14:23,800 --> 00:14:28,300 about a billion dollars per day and we're up to about $135 254 00:14:28,300 --> 00:14:30,270 billion in terms of obligations. 255 00:14:30,266 --> 00:14:31,696 The Press: Obligated, not necessarily spent yet. 256 00:14:31,700 --> 00:14:32,830 Mr. Bernstein: Correct. 257 00:14:32,834 --> 00:14:34,304 Spend-out is closer to $44 billion. 258 00:14:34,300 --> 00:14:37,030 The Press: How much this summer are you obligating now for this 259 00:14:37,033 --> 00:14:38,363 specific 600,000 -- 260 00:14:38,367 --> 00:14:40,997 Mr. Bernstein: We're unable to make that estimate at this point. 261 00:14:41,000 --> 00:14:44,530 The Press: Those summer jobs, that 125,000, are you counting that towards 262 00:14:44,533 --> 00:14:47,863 the 600,000 jobs that you're going to be saving or creating? 263 00:14:47,867 --> 00:14:48,937 Mr. Bernstein: Yes. 264 00:14:48,934 --> 00:14:49,964 The Press: Okay. 265 00:14:49,967 --> 00:14:51,297 Are you also going to be counting that towards the 3.5 266 00:14:51,300 --> 00:14:53,600 total goal? 267 00:14:53,600 --> 00:15:01,970 Mr. Bernstein: That is -- yes, the 3.5 is an estimate of jobs created or 268 00:15:01,967 --> 00:15:05,537 saved by the end of next year. 269 00:15:05,533 --> 00:15:08,533 The Press: What you're obviously acknowledging are temporary jobs 270 00:15:08,533 --> 00:15:10,763 over the summer, which will last three months of the summer -- 271 00:15:10,767 --> 00:15:12,697 Mr. Bernstein: Oh, it's a good question, you're right. 272 00:15:12,700 --> 00:15:14,430 The Press: -- how that's getting counted in the 3.5. 273 00:15:14,433 --> 00:15:15,403 Mr. Bernstein: Thank you. 274 00:15:15,400 --> 00:15:16,430 That's a good question. 275 00:15:16,433 --> 00:15:20,433 The 3.5 million jobs are what economists call full-time 276 00:15:20,433 --> 00:15:21,503 equivalent jobs. 277 00:15:21,500 --> 00:15:26,200 So those 125,000 would not count as a full 125. 278 00:15:26,200 --> 00:15:29,230 Two part-time jobs count as one full-time equivalent job. 279 00:15:29,233 --> 00:15:31,703 The Press: Okay, but you are including that in the 600,000 number that 280 00:15:31,700 --> 00:15:35,270 you're saying that this accelerated spending will -- 281 00:15:35,266 --> 00:15:37,466 Mr. Bernstein: But not as 125. 282 00:15:37,467 --> 00:15:42,237 They would have -- it's 600,000 FTEs -- full-time equivalent -- 283 00:15:42,233 --> 00:15:44,263 so they would be in there, but they would be part of that. 284 00:15:44,266 --> 00:15:46,036 The Press: Jared, when you say "accelerated," 285 00:15:46,033 --> 00:15:48,933 are you talking -- are you saying accelerated from the pace 286 00:15:48,934 --> 00:15:53,334 of the first hundred days, or accelerated from your expected 287 00:15:53,333 --> 00:15:58,963 pace when the Recovery Plan was passed? 288 00:15:58,967 --> 00:16:02,467 Mr. Bernstein: The former, accelerated from the first hundred days. 289 00:16:02,467 --> 00:16:08,737 We had a -- our plan was to get the foundation in place over the 290 00:16:08,734 --> 00:16:13,404 first hundred days in terms of getting contracts in the door, 291 00:16:13,400 --> 00:16:16,000 evaluating those contracts, putting in the kinds of 292 00:16:16,000 --> 00:16:18,830 oversight and accountability conditions that are so critical, 293 00:16:18,834 --> 00:16:20,634 getting the website up and running, 294 00:16:20,633 --> 00:16:27,163 starting to receive and approve state applications for fiscal stabilization. 295 00:16:27,166 --> 00:16:30,336 We've laid that foundation and our expectation is we would ramp 296 00:16:30,333 --> 00:16:32,903 the plan up during the second hundred days, 297 00:16:32,900 --> 00:16:35,970 but first we have to make sure we have the first hundred days 298 00:16:35,967 --> 00:16:38,937 in place and that's gone well from our perspective. 299 00:16:38,934 --> 00:16:41,204 The Press: I want to make sure I understand this. 300 00:16:41,200 --> 00:16:43,170 So you're actually on schedule. 301 00:16:43,166 --> 00:16:47,766 You're not changing the schedule spend-out? 302 00:16:47,767 --> 00:16:53,537 Mr. Bernstein: The schedule, I would say we're slightly ahead of schedule, 303 00:16:53,533 --> 00:16:56,563 that we are -- that the acceleration that we're seeing 304 00:16:56,567 --> 00:16:59,597 in the second hundred days is a little better than we expected 305 00:16:59,600 --> 00:17:00,900 when we first sat down. 306 00:17:00,900 --> 00:17:02,630 But we certainly were expecting a ramp-up. 307 00:17:02,633 --> 00:17:04,063 The Press: So there was always supposed to be an acceleration; 308 00:17:04,066 --> 00:17:05,236 this isn't new -- 309 00:17:05,233 --> 00:17:06,703 Mr. Bernstein: Yes. 310 00:17:06,700 --> 00:17:09,770 The Press: On the unemployment rate, you said that without the stimulus 311 00:17:09,767 --> 00:17:13,437 package you would expect it to be 1.5 to 2 percentage points 312 00:17:13,433 --> 00:17:16,433 higher by the end of next year. 313 00:17:16,433 --> 00:17:19,133 What is it that -- I mean, what is your forecast for the 314 00:17:19,133 --> 00:17:20,663 unemployment rate by the end of next year, 315 00:17:20,667 --> 00:17:22,737 and what would it have been without the stimulus package? 316 00:17:22,734 --> 00:17:24,804 Mr. Bernstein: That's a fair question, but I'm not going to get ahead of -- 317 00:17:24,800 --> 00:17:28,430 we actually have a process in the White House wherein we 318 00:17:28,433 --> 00:17:32,203 release our next forecast I think sometime by the end of the summer. 319 00:17:32,200 --> 00:17:34,400 The Press: Jared, getting back to Jake's question. 320 00:17:34,400 --> 00:17:37,000 When you put together the report in January you projected with 321 00:17:37,000 --> 00:17:41,300 the stimulus an unemployment rate of about 8% right now. 322 00:17:41,300 --> 00:17:44,100 It's a percentage and a half point higher than that. 323 00:17:44,100 --> 00:17:46,670 Why did that happen, and what should the country conclude from 324 00:17:46,667 --> 00:17:50,037 the inability to be able to properly calculate in January, 325 00:17:50,033 --> 00:17:52,003 whatever it is that happened in the economy that made you miss 326 00:17:52,000 --> 00:17:53,700 the mark by 1.5 percentage points? 327 00:17:53,700 --> 00:17:56,130 Mr. Bernstein: Well, first of all, let's be very clear about this point. 328 00:17:56,133 --> 00:17:59,833 Our forecast at that time was right in the middle of every 329 00:17:59,834 --> 00:18:02,864 other forecast, and in fact, if we had had a forecast that was 330 00:18:02,867 --> 00:18:06,867 much worse than that, we would have been an outlier. 331 00:18:06,867 --> 00:18:09,597 We also would have been correct, it turned out. 332 00:18:09,600 --> 00:18:18,670 But the point is that the contraction of the economy in 333 00:18:18,667 --> 00:18:22,637 the fourth quarter -- you should recall back then that was -- 334 00:18:22,633 --> 00:18:26,263 the magnitude of that contraction was far larger than 335 00:18:26,266 --> 00:18:28,096 was expected. 336 00:18:28,100 --> 00:18:32,030 And so at the time our forecast seemed reasonable. 337 00:18:32,033 --> 00:18:35,263 Now, looking back, it was clearly too optimistic. 338 00:18:35,266 --> 00:18:37,066 What I will say, though, and I don't want to lose sight of 339 00:18:37,066 --> 00:18:43,366 this, is that the American Recovery and Reinvestment Act, 340 00:18:43,367 --> 00:18:49,767 in our view, according to our analysis, 341 00:18:49,767 --> 00:18:54,037 will lead to an unemployment rate by the end of next year of 342 00:18:54,033 --> 00:18:58,863 1.5 to 2 points lower than would otherwise be the case. 343 00:18:58,867 --> 00:19:02,767 And that is the direct result of the kinds of programs and 344 00:19:02,767 --> 00:19:04,797 projects we're talking about today, 345 00:19:04,800 --> 00:19:08,730 putting literally millions of people back to work who in the 346 00:19:08,734 --> 00:19:12,934 absence of this program would not be gainfully employed. 347 00:19:12,934 --> 00:19:15,704 The Press: Do you think the unemployment rate has peaked already? 348 00:19:15,700 --> 00:19:16,770 Mr. Bernstein: No, I don't. 349 00:19:16,767 --> 00:19:18,567 The Press: When do you think it will peak and at what level? 350 00:19:18,567 --> 00:19:21,137 Mr. Bernstein: I'm not going to speculate on that. 351 00:19:21,133 --> 00:19:23,903 I think that's better to wait for the -- 352 00:19:23,900 --> 00:19:25,930 The Press: You speculated in January. 353 00:19:25,934 --> 00:19:29,634 The Press: Yes, you speculated before. 354 00:19:29,633 --> 00:19:33,033 Mr. Bernstein: We have a process by which we release these forecasts. 355 00:19:33,033 --> 00:19:36,463 It would be disruptive to the process for me to get out here 356 00:19:36,467 --> 00:19:38,197 and just sort of share my speculation. 357 00:19:38,200 --> 00:19:41,930 The budget director will be releasing those in late summer. 358 00:19:41,934 --> 00:19:45,704 Mr. Gibbs: But let's understand -- I know I'm not an economist, 359 00:19:45,700 --> 00:19:48,600 but we have said and I think I've said each and every month 360 00:19:48,600 --> 00:19:51,830 that we've been in here that we expected many, 361 00:19:51,834 --> 00:19:58,864 many months of continued job loss in the hundreds of thousands. 362 00:19:58,867 --> 00:20:05,437 The reason that this wasn't a $787 billion hundred-day 363 00:20:05,433 --> 00:20:09,333 economic recovery plan, why it's a two-year recovery plan is 364 00:20:09,333 --> 00:20:12,863 because we never expected this all to be solved in a hundred days. 365 00:20:12,867 --> 00:20:13,737 Right? 366 00:20:13,734 --> 00:20:17,504 That's why the spend-out is over a two-year plan. 367 00:20:17,500 --> 00:20:21,200 The obligation that we all talked about, 368 00:20:21,200 --> 00:20:26,770 that Jared talked about in terms of over $135 billion -- 369 00:20:26,767 --> 00:20:29,837 I've seen some of the reporting today, it is -- 370 00:20:29,834 --> 00:20:35,334 this notion that we thought somehow a hundred and some days 371 00:20:35,333 --> 00:20:40,333 into the stimulus plan being law that our economy would be 372 00:20:40,333 --> 00:20:43,533 completely turned around is certainly not predicated on 373 00:20:43,533 --> 00:20:47,633 anything that we've talked about in here each and every day since 374 00:20:47,633 --> 00:20:49,663 the administration began. 375 00:20:49,667 --> 00:20:52,337 The Press: Jared, you guys said that at end of the 3rd quarter, 376 00:20:52,333 --> 00:20:54,103 I mean in that report, that that was -- 377 00:20:54,100 --> 00:20:56,970 Mr. Gibbs: But again, I think it's important to understand -- 378 00:20:56,967 --> 00:21:00,997 and remember the type of questions that I got the day 379 00:21:01,000 --> 00:21:04,530 that the growth number came out that showed economic contraction 380 00:21:04,533 --> 00:21:09,933 that quarter, as Jared said, down -6%. 381 00:21:09,934 --> 00:21:20,064 Remember the rate of job decline in December and January changed dramatically. 382 00:21:20,066 --> 00:21:24,796 Something was happening in the economy in that time period and 383 00:21:24,800 --> 00:21:29,430 in those months that caused it to -- 384 00:21:29,433 --> 00:21:34,333 in a sense, caused the acceleration of the deterioration. 385 00:21:34,333 --> 00:21:36,663 But I think the point that Jared is trying to make here is, 386 00:21:36,667 --> 00:21:41,437 understand regardless of where that curve in the downturn was, 387 00:21:41,433 --> 00:21:47,703 or differently the curve in where the job percentage number was -- 388 00:21:47,700 --> 00:21:48,970 Mr. Bernstein: The unemployment -- 389 00:21:48,967 --> 00:21:51,837 Mr. Gibbs: -- right -- you're still talking about -- as Jared said, 390 00:21:51,834 --> 00:21:56,064 you can shift that curve up to assume where we are now, 391 00:21:56,066 --> 00:22:00,666 but the plan was always predicated to have that number 392 00:22:00,667 --> 00:22:06,297 be, as Jared said, 1.5 to 2 percentage points less than in 393 00:22:06,300 --> 00:22:09,270 the absence of a recovery plan. 394 00:22:09,266 --> 00:22:12,266 The Press: So you're saying the 3.5 -- that is just not going to change. 395 00:22:12,266 --> 00:22:15,136 This plan, no matter what, because of the way you're 396 00:22:15,133 --> 00:22:18,733 statistically modeling this, it will be a minimum of 3.5 397 00:22:18,734 --> 00:22:22,464 million, because there have been estimates that say 2.2 million. 398 00:22:22,467 --> 00:22:23,197 Mr. Bernstein: Let me be clear. 399 00:22:23,200 --> 00:22:25,700 No, no, let me be clear. 400 00:22:25,700 --> 00:22:28,470 Every economic estimate has a confidence interval around it. 401 00:22:28,467 --> 00:22:32,067 And one of the things we're doing, as time goes on, 402 00:22:32,066 --> 00:22:34,466 and you'll see quarterly reports from the Council of Economic 403 00:22:34,467 --> 00:22:40,397 Advisors on this, we have real-time data that we add and 404 00:22:40,400 --> 00:22:46,530 factor into our estimates where recipients of Recovery Act 405 00:22:46,533 --> 00:22:48,763 dollars report job creation to us. 406 00:22:48,767 --> 00:22:50,367 Now, let me just say -- 407 00:22:50,367 --> 00:22:51,897 The Press: The 150,000 jobs -- 408 00:22:51,900 --> 00:22:55,130 Mr. Bernstein: The response to that is often, well, 409 00:22:55,133 --> 00:22:57,433 why don't you just count those and stop there? 410 00:22:57,433 --> 00:23:02,563 But of course that's just one piece of the job creation pie. 411 00:23:02,567 --> 00:23:06,037 That's the jobs created directly through government spending 412 00:23:06,033 --> 00:23:07,333 through contracts -- 413 00:23:07,333 --> 00:23:09,263 we like to fix roads and repair bridges and so on. 414 00:23:09,266 --> 00:23:12,266 You don't get those jobs through -- 415 00:23:12,266 --> 00:23:14,096 you're not counting the tax cuts, 416 00:23:14,100 --> 00:23:15,370 the jobs created through the tax cuts. 417 00:23:15,367 --> 00:23:17,367 You're not counting the multiplier-effect jobs for 418 00:23:17,367 --> 00:23:19,297 people who, on those direct spending, 419 00:23:19,300 --> 00:23:22,530 go out to the lunch counter and create extra demand that would 420 00:23:22,533 --> 00:23:25,533 not have otherwise have been there. 421 00:23:25,533 --> 00:23:27,363 Mr. Gibbs: And I think you -- look, the Vice President had a good 422 00:23:27,367 --> 00:23:30,297 example today: window makers. 423 00:23:30,300 --> 00:23:32,600 This is a fairly, I think, good example, 424 00:23:32,600 --> 00:23:35,900 because there is a tax credit for energy-efficient windows 425 00:23:35,900 --> 00:23:42,100 that a taxpayer would use and apply for in next year's taxes. 426 00:23:42,100 --> 00:23:49,970 So there are going to be -- window makers are producing in 427 00:23:49,967 --> 00:23:55,197 anticipation of the tax credit causing, as Jared talked about, 428 00:23:55,200 --> 00:23:57,500 an economic multiplier effect. 429 00:23:57,500 --> 00:24:01,370 Window producers are making more windows. 430 00:24:01,367 --> 00:24:03,837 Somebody decides they're going to change the windows in their 431 00:24:03,834 --> 00:24:06,734 house to take advantage of the tax credit that will show up on 432 00:24:06,734 --> 00:24:08,104 next year's taxes. 433 00:24:08,100 --> 00:24:09,970 So there's a whole host of changes -- 434 00:24:09,967 --> 00:24:11,237 The Press: Jared, can you give us a split -- 435 00:24:11,233 --> 00:24:14,033 The Press: -- most of the jobs, the 150, were saved or most were created 436 00:24:14,033 --> 00:24:15,163 in that first hundred days? 437 00:24:15,166 --> 00:24:16,666 Mr. Bernstein: I can't give you a split on that. 438 00:24:16,667 --> 00:24:18,137 The Press: A rough split at all? 439 00:24:18,133 --> 00:24:19,803 I mean, is there any way -- it's your accounting, 440 00:24:19,800 --> 00:24:22,700 it's your number, you came up with it through modeling or 441 00:24:22,700 --> 00:24:24,500 through some other mechanism. 442 00:24:24,500 --> 00:24:26,200 Clearly, some states have received money and that's 443 00:24:26,200 --> 00:24:28,130 patched up their budget deficits. 444 00:24:28,133 --> 00:24:29,833 That's helped them keep some people on -- 445 00:24:29,834 --> 00:24:32,064 Mr. Bernstein: I just don't want to try to -- you know, 446 00:24:32,066 --> 00:24:34,696 pretend to be able to give you a level of accuracy on that split 447 00:24:34,700 --> 00:24:35,900 that we simply consider -- 448 00:24:35,900 --> 00:24:39,500 The Press: When are you going to be able to go beyond saying there's a 449 00:24:39,500 --> 00:24:42,470 mathematical formula or a tested methodology that gets this 450 00:24:42,467 --> 00:24:46,467 number, and actually go back and look and say, we were right, 451 00:24:46,467 --> 00:24:49,097 it was that number of jobs; or, we were grossly wrong? 452 00:24:49,100 --> 00:24:51,430 Mr. Bernstein: I think I should refer -- to answer that question, 453 00:24:51,433 --> 00:24:56,933 let me refer you to two papers that I think, I believe -- 454 00:24:56,934 --> 00:25:01,104 I hope -- take you through this kind of methodology, 455 00:25:01,100 --> 00:25:03,870 this sort of an estimate in what's supposed to be 456 00:25:03,867 --> 00:25:05,437 reader-friendly language. 457 00:25:05,433 --> 00:25:12,463 They're both on recoveryact.gov and one of them is a more 458 00:25:12,467 --> 00:25:15,697 recent, and I think perhaps the more helpful one is the more 459 00:25:15,700 --> 00:25:17,570 recent one by the Council of Economic Advisers, 460 00:25:17,567 --> 00:25:19,897 precisely on how we're counting jobs. 461 00:25:19,900 --> 00:25:21,670 The Press: But at some point you're going to be able to actually add them 462 00:25:21,667 --> 00:25:23,497 up and actually look at them, right? 463 00:25:23,500 --> 00:25:26,370 When will you get to that point, you can get beyond just using a 464 00:25:26,367 --> 00:25:27,967 mathematical model? 465 00:25:27,967 --> 00:25:29,837 Mr. Bernstein: Well, every quarter, and you're going to see these -- 466 00:25:29,834 --> 00:25:30,964 The Press: When will it be? 467 00:25:30,967 --> 00:25:33,267 Mr. Bernstein: -- every quarter and you're going to see actually under the 468 00:25:33,266 --> 00:25:37,136 act, the Council of Economic Advisors has the obligation to 469 00:25:37,133 --> 00:25:41,763 report job growth quarterly. 470 00:25:41,767 --> 00:25:44,797 And as I was just explaining, part of that calculation 471 00:25:44,800 --> 00:25:50,130 involves contract recipients telling us the jobs they created. 472 00:25:50,133 --> 00:25:52,933 But part of it is also going to be jobs saved. 473 00:25:52,934 --> 00:25:57,934 I mentioned the 150,000 schoolteachers across the land 474 00:25:57,934 --> 00:26:02,404 as part of the second hundred days -- 475 00:26:02,400 --> 00:26:04,630 teachers, principals, and support staff -- 476 00:26:04,633 --> 00:26:06,133 those are jobs saved. 477 00:26:06,133 --> 00:26:10,403 So that's not something you're going to get from a contractor 478 00:26:10,400 --> 00:26:12,330 who says, I just added five people. 479 00:26:12,333 --> 00:26:15,033 That's something you're going to get by comparing the actual 480 00:26:15,033 --> 00:26:19,603 outcome relative to an expected outcome in the absence of your investments. 481 00:26:19,600 --> 00:26:24,470 The Press: Go to that split, to follow up on Chip's question, 482 00:26:24,467 --> 00:26:26,667 how much in the estimate of the 3.5 million is going to be 483 00:26:26,667 --> 00:26:30,497 direct government contract jobs, and how much is going to be -- 484 00:26:30,500 --> 00:26:33,100 Mr. Bernstein: That I know the answer to but I don't have it with me. 485 00:26:33,100 --> 00:26:35,700 It's actually in the Romer-Bernstein report, 486 00:26:35,700 --> 00:26:37,370 precisely that question. 487 00:26:37,367 --> 00:26:39,397 The Press: Is that where the 2.2 -- because I've seen that number -- 488 00:26:39,400 --> 00:26:43,900 Mr. Bernstein: I want to say it's something like 60/40 direct-indirect, 489 00:26:43,900 --> 00:26:46,800 but don't -- go to the report; it's right there. 490 00:26:46,800 --> 00:26:47,570 Mr. Gibbs: Thanks, Jared. 491 00:26:47,567 --> 00:26:48,767 The Press: Can I just ask one other question? 492 00:26:48,767 --> 00:26:50,697 On the website, on the new website, 493 00:26:50,700 --> 00:26:52,770 is this going to be a cheerleader rah-rah thing or do 494 00:26:52,767 --> 00:26:55,167 you get a whole slew of people -- 495 00:26:55,166 --> 00:26:57,636 you said you're going to hear from people. 496 00:26:57,633 --> 00:26:58,933 If you get a lot of people calling in and saying, hey, 497 00:26:58,934 --> 00:27:00,404 I'm not getting the job that I thought I was going to get out 498 00:27:00,400 --> 00:27:01,870 of this -- will they be on there too, 499 00:27:01,867 --> 00:27:03,837 or is it only going to be positive assessments? 500 00:27:03,834 --> 00:27:05,664 Mr. Gibbs: Chip, I assume as soon as you file that story they'll upload 501 00:27:05,667 --> 00:27:07,067 it up onto the website. 502 00:27:07,066 --> 00:27:08,266 (laughter) 503 00:27:08,266 --> 00:27:13,836 Thank you. 504 00:27:13,834 --> 00:27:23,364 All right, let me do one quick announcement before we start. 505 00:27:23,367 --> 00:27:27,167 President Obama will meet President Lee of South Korea at 506 00:27:27,166 --> 00:27:30,366 the White House on Tuesday, June 16. 507 00:27:30,367 --> 00:27:32,667 President Obama extended the invitation at their last meeting 508 00:27:32,667 --> 00:27:36,667 in London on April 2nd during the G20 summit. 509 00:27:36,667 --> 00:27:39,667 The Republic of Korea is a close friend and a key ally of the 510 00:27:39,667 --> 00:27:42,897 United States and the President looks forward to exploring ways 511 00:27:42,900 --> 00:27:45,870 in which the two countries can strengthen cooperation on the 512 00:27:45,867 --> 00:27:49,367 regional and global challenges of the 21st century. 513 00:27:49,367 --> 00:27:52,437 The two leaders will confer on North Korea and will consult on 514 00:27:52,433 --> 00:27:57,003 a range of bilateral and other issues. 515 00:27:57,000 --> 00:27:58,130 Yes, sir. 516 00:27:58,133 --> 00:27:59,563 The Press: Thanks, Robert. 517 00:27:59,567 --> 00:28:02,767 Having listened to all that, I'm still trying to figure out one 518 00:28:02,767 --> 00:28:04,067 key point here. 519 00:28:04,066 --> 00:28:06,966 We knew from the White House weeks ago that the White House 520 00:28:06,967 --> 00:28:10,797 thought the stimulus would create or save 600,000 jobs this summer. 521 00:28:10,800 --> 00:28:13,330 We knew there was going to be a ramp up, an acceleration, 522 00:28:13,333 --> 00:28:15,163 and Jared just confirmed that, too. 523 00:28:15,166 --> 00:28:20,536 So what is the point of this big splash today with the President 524 00:28:20,533 --> 00:28:23,703 and the Vice President, and we just had that detailed briefing. 525 00:28:23,700 --> 00:28:25,130 Does the White House think that -- 526 00:28:25,133 --> 00:28:27,433 do you think that you're off message? 527 00:28:27,433 --> 00:28:29,303 Do you think that people are losing confidence in the stimulus? 528 00:28:29,300 --> 00:28:30,730 Why are you doing this? 529 00:28:30,734 --> 00:28:36,104 Mr. Gibbs: No, I think part of it, Ben, is to outline the exact details 530 00:28:36,100 --> 00:28:40,600 with which Jared just walked you through the 10 slides to talk 531 00:28:40,600 --> 00:28:51,170 about the projects that we are going to see created and what's 532 00:28:51,166 --> 00:28:55,166 going to be taking part in the next hundred days and the 533 00:28:55,166 --> 00:28:56,836 history of the Recovery Act. 534 00:28:56,834 --> 00:29:00,404 But I think it's a little incongruent to say -- 535 00:29:00,400 --> 00:29:04,270 it's hard to ask if we planned this. 536 00:29:04,266 --> 00:29:08,736 If all this stuff was planned, how can it be in response to criticism? 537 00:29:08,734 --> 00:29:09,964 The Press: No, I'm not suggesting -- 538 00:29:09,967 --> 00:29:13,967 Mr. Gibbs: Are you inferring that on the 136th day or so we would have 539 00:29:13,967 --> 00:29:17,097 inferred criticism and then -- I don't know if it's 136; my 540 00:29:17,100 --> 00:29:18,630 pardons to Mark, I just guessed. 541 00:29:18,633 --> 00:29:20,363 The Press: No, there was no part in my question that talked 542 00:29:20,367 --> 00:29:21,667 about criticism. 543 00:29:21,667 --> 00:29:23,567 I'm just trying to figure out what the -- 544 00:29:23,567 --> 00:29:25,097 Mr. Gibbs: I think the latter part of that question -- 545 00:29:25,100 --> 00:29:28,200 The Press: No, what the strategy is when you talk about -- 546 00:29:28,200 --> 00:29:29,830 Mr. Gibbs: Well, the strategy is to outline -- 547 00:29:29,834 --> 00:29:32,664 the President always talked about ensuring that people 548 00:29:32,667 --> 00:29:35,967 understood where we were on the road to economic recovery and 549 00:29:35,967 --> 00:29:38,737 the steps that this administration was going to take 550 00:29:38,734 --> 00:29:42,234 in order to improve the economic outlook of this country. 551 00:29:42,233 --> 00:29:46,103 And I think you heard the President talk about today, 552 00:29:46,100 --> 00:29:49,670 and others in the administration talk about on Friday, 553 00:29:49,667 --> 00:29:55,237 that we have seen the fewest number of lost jobs in about an 554 00:29:55,233 --> 00:29:57,933 eight-month period. 555 00:29:57,934 --> 00:30:04,404 And while the number was less than what was estimated, 556 00:30:04,400 --> 00:30:09,170 the Vice President said on Friday and the President said 557 00:30:09,166 --> 00:30:16,996 again today that less bad is not good enough. 558 00:30:17,000 --> 00:30:21,930 These are the steps that the administration is outlining to 559 00:30:21,934 --> 00:30:25,534 ensure that the steps to recovery are taking place. 560 00:30:25,533 --> 00:30:27,833 And some of the figures that Jared talked about, 561 00:30:27,834 --> 00:30:32,334 in the bill there's about $499 billion in spending, 562 00:30:32,333 --> 00:30:38,333 and as he talked about over $135 billion of that has been obligated. 563 00:30:38,333 --> 00:30:44,633 What's not included in the obligation number is some of the tax stuff. 564 00:30:44,633 --> 00:30:50,163 And this is part of the President's continuing to 565 00:30:50,166 --> 00:30:52,566 discuss the steps that we're taking with the American people. 566 00:30:52,567 --> 00:30:53,637 The Press: I have a follow on. 567 00:30:53,633 --> 00:30:57,733 As you know, part of the effort is not just to implement the 568 00:30:57,734 --> 00:31:00,734 Recovery Act successfully but to show the American people that 569 00:31:00,734 --> 00:31:01,964 it's working. 570 00:31:01,967 --> 00:31:05,167 You do have critics who are saying that either the money 571 00:31:05,166 --> 00:31:10,436 isn't being spent well or that today's event is a repackaging. 572 00:31:10,433 --> 00:31:14,603 My question is, do you feel that the White House is winning that 573 00:31:14,600 --> 00:31:19,600 battle, the battle for the message with the American people? 574 00:31:19,600 --> 00:31:22,530 Mr. Gibbs: I think the American people are not worried about the message 575 00:31:22,533 --> 00:31:24,763 battle that's going on in Washington; 576 00:31:24,767 --> 00:31:28,437 they're worried about whether or not we're taking concrete steps 577 00:31:28,433 --> 00:31:32,363 to fix our economy, to improve it for the future, 578 00:31:32,367 --> 00:31:35,437 to save and create jobs now. 579 00:31:35,433 --> 00:31:38,803 I can assure you they're not worried about a bunch of back 580 00:31:38,800 --> 00:31:41,370 and forth spin. 581 00:31:41,367 --> 00:31:43,997 They're concerned rightly about the steps that we're taking to 582 00:31:44,000 --> 00:31:45,530 improve it. 583 00:31:45,533 --> 00:31:51,333 And I think that's exactly what the President outlined today. 584 00:31:51,333 --> 00:31:52,363 Yes, sir. 585 00:31:52,367 --> 00:31:54,467 The Press: I had two questions related to North Korea. 586 00:31:54,467 --> 00:31:58,267 First, about the journalists that have been imprisoned, 587 00:31:58,266 --> 00:32:02,496 is there any indication that North Korea intends to use these 588 00:32:02,500 --> 00:32:08,300 women as a bargaining chip in the nuclear standoff issue -- 589 00:32:08,300 --> 00:32:16,800 Mr. Gibbs: This is not -- I think their detainment is not something that 590 00:32:16,800 --> 00:32:21,400 we've linked to other issues and we hope the North Koreans don't 591 00:32:21,400 --> 00:32:23,600 do that either. 592 00:32:23,600 --> 00:32:28,530 I think this is a humanitarian issue and these women are 593 00:32:28,533 --> 00:32:30,603 innocent and should be released to their family. 594 00:32:30,600 --> 00:32:36,100 And the administration is working to see that happen. 595 00:32:36,100 --> 00:32:39,070 The Press: So there's been no sign so far that they've been trying to link 596 00:32:39,066 --> 00:32:40,366 the two issues? 597 00:32:40,367 --> 00:32:41,937 Mr. Gibbs: Not that I'm aware of. 598 00:32:41,934 --> 00:32:43,764 The Press: Anything on -- the second question has to do with 599 00:32:43,767 --> 00:32:46,997 Secretary Clinton's statement that the U.S. was considering 600 00:32:47,000 --> 00:32:51,570 putting North Korea back on the list of state sponsors of terrorism. 601 00:32:51,567 --> 00:32:53,497 I just wondered where are things in that process? 602 00:32:53,500 --> 00:32:56,630 Mr. Gibbs: Well, I think it's important to look at the question that 603 00:32:56,633 --> 00:32:59,833 Secretary Clinton got, which was -- 604 00:32:59,834 --> 00:33:04,064 was asked about a letter from senators about this topic, 605 00:33:04,066 --> 00:33:07,696 and obviously she's received the letter. 606 00:33:07,700 --> 00:33:14,530 We are working and continue to work with Congress to consider 607 00:33:14,533 --> 00:33:19,663 any and all ideas related to dealing with the situation with 608 00:33:19,667 --> 00:33:21,767 North Korea. 609 00:33:21,767 --> 00:33:26,367 Obviously, the statute is clear and lays out a series of 610 00:33:26,367 --> 00:33:31,567 requirements, as she noted in the interview. 611 00:33:31,567 --> 00:33:38,597 And I think obviously the main focus for us is on what steps 612 00:33:38,600 --> 00:33:43,930 internationally can be taken and that we're working on in 613 00:33:43,934 --> 00:33:45,664 response to the North Koreans. 614 00:33:45,667 --> 00:33:51,697 And I would say, lastly, this is also a very big issue about 615 00:33:51,700 --> 00:33:53,730 their actions. 616 00:33:53,734 --> 00:33:56,404 There are, and I've said this, I think, 617 00:33:56,400 --> 00:33:59,170 probably each and every day in here that we've done this, 618 00:33:59,166 --> 00:34:03,296 the actions that they've taken have further isolated themselves 619 00:34:03,300 --> 00:34:06,430 from the world. 620 00:34:06,433 --> 00:34:09,403 They're the ones that are stepping away from their own 621 00:34:09,400 --> 00:34:11,200 rights and responsibilities. 622 00:34:11,200 --> 00:34:13,400 I would also underscore that the responsibilities and the 623 00:34:13,400 --> 00:34:18,700 accountability that they have do not necessarily -- 624 00:34:18,700 --> 00:34:23,100 don't fall under necessarily the provisions of the law that she 625 00:34:23,100 --> 00:34:24,130 was talking about. 626 00:34:24,133 --> 00:34:27,133 We were talking about U.N. Security Council resolutions and 627 00:34:27,133 --> 00:34:30,663 agreements that they've made as part of the negotiating team. 628 00:34:30,667 --> 00:34:31,497 Yes, sir. 629 00:34:31,500 --> 00:34:32,670 The Press: A couple questions. 630 00:34:32,667 --> 00:34:39,667 One, last week -- I assume you weren't here in D.C. for this -- 631 00:34:39,667 --> 00:34:40,897 Mr. Gibbs: I think I saw you in France. 632 00:34:40,900 --> 00:34:41,730 The Press: Yes. 633 00:34:41,734 --> 00:34:42,604 (laughter) 634 00:34:42,600 --> 00:34:44,130 It was lovely. 635 00:34:44,133 --> 00:34:46,903 The Commissioner of the Bureau of Labor Statistics testified 636 00:34:46,900 --> 00:34:51,200 before Congress, and he was asked about the 450,000 claim. 637 00:34:51,200 --> 00:34:52,100 Can you substantiate -- 638 00:34:52,100 --> 00:34:53,170 Mr. Gibbs: The 450? 639 00:34:53,166 --> 00:34:54,196 The Press: 150. 640 00:34:54,200 --> 00:34:56,170 The Press: The 150,000 job claim. 641 00:34:56,166 --> 00:34:57,366 Mr. Gibbs: Okay. 642 00:34:57,367 --> 00:34:59,597 The Press: And he was asked if he could substantiate the claim, 643 00:34:59,600 --> 00:35:02,270 and he called the Bureau of Labor Statistics Commissioner, 644 00:35:02,266 --> 00:35:04,896 who said, no, that would be a very difficult thing for anybody 645 00:35:04,900 --> 00:35:06,400 to substantiate. 646 00:35:06,400 --> 00:35:09,430 He was asked again, "So you're saying you can't verify that 647 00:35:09,433 --> 00:35:12,133 the administration's policies have created an additional 648 00:35:12,133 --> 00:35:13,303 150,000 jobs?" 649 00:35:13,300 --> 00:35:16,370 They said, no, we're busy just counting jobs. 650 00:35:16,367 --> 00:35:18,397 Is it fair for the administration to use this 651 00:35:18,400 --> 00:35:22,630 statistic like 150,000 jobs saved or created when the 652 00:35:22,633 --> 00:35:25,663 Commissioner of the Bureau of Labor Statistics does not stand 653 00:35:25,667 --> 00:35:26,697 by the number? 654 00:35:26,700 --> 00:35:30,470 Mr. Gibbs: I would point you to what Jared talked about in the two reports 655 00:35:30,467 --> 00:35:32,137 that are on the Internet. 656 00:35:32,133 --> 00:35:33,903 I do think it's fair. 657 00:35:33,900 --> 00:35:38,930 And I haven't seen the report, having been overseas, but yes, 658 00:35:38,934 --> 00:35:40,504 we continue to think it's fair. 659 00:35:40,500 --> 00:35:42,430 The Press: Okay, and the other question I had is, 660 00:35:42,433 --> 00:35:45,063 ABC interviewed Lakhdar Boumediene, 661 00:35:45,066 --> 00:35:50,496 the former Guantanamo detainee who is now free in France. 662 00:35:50,500 --> 00:35:53,800 He spent seven and a half years in Guantanamo, 663 00:35:53,800 --> 00:35:56,330 or almost all of them at that time in Guantanamo, 664 00:35:56,333 --> 00:36:01,803 and he is considering suing the United States government for that time. 665 00:36:01,800 --> 00:36:05,770 Does the Obama administration think that people who have been 666 00:36:05,767 --> 00:36:09,497 freed from Guantanamo deserve any compensation? 667 00:36:09,500 --> 00:36:14,730 Mr. Gibbs: I would have to ask somebody at NSC what that involves. 668 00:36:14,734 --> 00:36:18,264 I don't think that's been part of any of the discussions that 669 00:36:18,266 --> 00:36:21,236 have taken place here as it relates to the many issues 670 00:36:21,233 --> 00:36:24,703 around the closure of Guantanamo. 671 00:36:24,700 --> 00:36:25,470 Yes, ma'am. 672 00:36:25,467 --> 00:36:28,297 The Press: Back on North Korea, has President Obama or anybody in 673 00:36:28,300 --> 00:36:32,630 the administration been in touch with former Vice President Gore 674 00:36:32,633 --> 00:36:35,703 about possibly taking a role in helping to try to secure the 675 00:36:35,700 --> 00:36:36,670 release of -- 676 00:36:36,667 --> 00:36:37,567 Mr. Gibbs: I can check. 677 00:36:37,567 --> 00:36:44,267 I've seen, certainly, discussion about -- 678 00:36:44,266 --> 00:36:47,796 news reports, I should say, about different people that may 679 00:36:47,800 --> 00:36:51,000 or may not go, but I don't have anything to add to what I've 680 00:36:51,000 --> 00:36:52,530 seen in the news. 681 00:36:52,533 --> 00:36:54,963 The Press: Has President Obama talked to -- on a different topic now -- 682 00:36:54,967 --> 00:36:56,237 Judge Sotomayor? 683 00:36:56,233 --> 00:36:57,563 How is she doing? 684 00:36:57,567 --> 00:36:59,437 Mr. Gibbs: I don't think he has talked to her. 685 00:36:59,433 --> 00:37:07,333 I know that she, as a result of, I think, a trip -- 686 00:37:07,333 --> 00:37:13,833 a tripping at LaGuardia, broke a small bone in her ankle. 687 00:37:13,834 --> 00:37:19,204 She flew to D.C. I think it was looked at when she got here and 688 00:37:19,200 --> 00:37:23,470 she was advised to go get x-rays, which she did. 689 00:37:23,467 --> 00:37:28,797 I think she spent a couple of hours getting a cast and is, 690 00:37:28,800 --> 00:37:31,430 the last time I saw video up on Capitol Hill, 691 00:37:31,433 --> 00:37:36,463 continuing to meet with senators as part of her meetings 692 00:37:36,467 --> 00:37:38,067 surrounding her nomination. 693 00:37:38,066 --> 00:37:42,836 I think she has six meetings scheduled today and she'll make 694 00:37:42,834 --> 00:37:45,704 all six of those meetings. 695 00:37:45,700 --> 00:37:47,030 The Press: You're not going to sign the cast? 696 00:37:47,033 --> 00:37:47,963 (laughter) 697 00:37:47,967 --> 00:37:48,937 Mr. Gibbs: I'm sorry? 698 00:37:48,934 --> 00:37:50,334 The Press: You're not going to sign the cast? 699 00:37:50,333 --> 00:37:52,503 Mr. Gibbs: If she comes by maybe we will. 700 00:37:52,500 --> 00:37:54,130 The Press: She gets 70 signatures on the cast. 701 00:37:54,133 --> 00:37:56,463 (laughter) 702 00:37:56,467 --> 00:37:58,997 Mr. Gibbs: Maybe we should get senators to sign the -- 703 00:37:59,000 --> 00:38:00,070 Yes, ma'am. 704 00:38:00,066 --> 00:38:01,466 The Press: Now that the President's speech -- 705 00:38:01,467 --> 00:38:02,637 Mr. Gibbs: He's reading the -- 706 00:38:02,633 --> 00:38:06,533 The Press: his definitive speech on the Middle East, 707 00:38:06,533 --> 00:38:08,403 what's his follow-up to it? 708 00:38:08,400 --> 00:38:13,470 Mr. Gibbs: Well, look, Helen, I think we said this throughout the past 709 00:38:13,467 --> 00:38:17,197 several days, I don't look at the President's outreach as 710 00:38:17,200 --> 00:38:22,000 having started in the speech and it's not going to end as part of that speech. 711 00:38:22,000 --> 00:38:26,270 I think going all the way back to the very beginning of the 712 00:38:26,266 --> 00:38:31,996 administration and ensuring that this administration was involved 713 00:38:32,000 --> 00:38:36,800 early on in the Middle East peace process, 714 00:38:36,800 --> 00:38:42,000 the President talked about that as being a high priority -- 715 00:38:42,000 --> 00:38:46,970 interviews that he's done, his speech to the parliament in 716 00:38:46,967 --> 00:38:50,697 Turkey and a town hall meeting there, as well as that speech. 717 00:38:50,700 --> 00:38:55,330 And I think he outlined a series of things that the 718 00:38:55,333 --> 00:38:58,963 administration will focus on in terms of democracy. 719 00:38:58,967 --> 00:38:59,967 I think -- 720 00:38:59,967 --> 00:39:01,497 The Press: I'm not talking about speeches. 721 00:39:01,500 --> 00:39:03,200 What's his next step? 722 00:39:03,200 --> 00:39:06,570 Mr. Gibbs: Well, let me finish and I'll give you some action. 723 00:39:06,567 --> 00:39:11,337 Obviously the President is continuing to work on the peace 724 00:39:11,333 --> 00:39:14,703 process -- and we'll have some readouts probably a little bit 725 00:39:14,700 --> 00:39:19,770 later for you today on some of that. 726 00:39:19,767 --> 00:39:21,597 The President, again as I've said, 727 00:39:21,600 --> 00:39:25,330 will be engaged in dealing with the parties there, 728 00:39:25,333 --> 00:39:29,503 obviously working on the Iranian issue as it relates to their 729 00:39:29,500 --> 00:39:30,670 nuclear program. 730 00:39:30,667 --> 00:39:33,967 So I think there are a number of things that are ongoing, 731 00:39:33,967 --> 00:39:38,537 and I think the President is also, I think it is safe to say, 732 00:39:38,533 --> 00:39:46,563 heartened by the turnout in Lebanon and the results that 733 00:39:46,567 --> 00:39:52,097 demonstrate a win for democracy and a win for a sovereign and 734 00:39:52,100 --> 00:39:53,630 independent Lebanon. 735 00:39:53,633 --> 00:39:54,463 Chip. 736 00:39:54,467 --> 00:39:57,097 The Press: If I could get back to something Jared was asked about, 737 00:39:57,100 --> 00:39:59,770 the idea that you're accelerating the pace now. 738 00:39:59,767 --> 00:40:02,097 I think that just gives the people -- 739 00:40:02,100 --> 00:40:06,300 it automatically implied that, well, it must be bogged down. 740 00:40:06,300 --> 00:40:10,470 Can you verify that this is not in response to this program 741 00:40:10,467 --> 00:40:11,697 bogging down? 742 00:40:11,700 --> 00:40:14,800 Mr. Gibbs: Well, again, I'd go back to the -- 743 00:40:14,800 --> 00:40:17,730 if the acceleration was planned, then how can it be bogged down? 744 00:40:17,734 --> 00:40:19,064 The Press: But when was it planned? 745 00:40:19,066 --> 00:40:21,166 I mean, was this -- 746 00:40:21,166 --> 00:40:24,696 Mr. Gibbs: Chip, obviously spending $787 billion over a two-year period 747 00:40:24,700 --> 00:40:31,370 of time takes some groundwork to be laid in order to begin to 748 00:40:31,367 --> 00:40:35,237 move that money from individual departments -- 749 00:40:35,233 --> 00:40:39,803 obviously it took some time to get the legislation passed. 750 00:40:39,800 --> 00:40:44,070 But we don't feel that in any way the recovery is bogged down. 751 00:40:44,066 --> 00:40:46,566 I think you heard -- or the recovery efforts are bogged down. 752 00:40:46,567 --> 00:40:51,237 I think you heard Jared say that by his estimation he believed we 753 00:40:51,233 --> 00:40:54,233 were slightly ahead of where we were going to be; 754 00:40:54,233 --> 00:40:59,803 $135 billion of $499 billion in spending has been obligated. 755 00:40:59,800 --> 00:41:03,930 Beginning April 1st, 95% of working Americans saw an 756 00:41:03,934 --> 00:41:05,264 increase in their paycheck. 757 00:41:05,266 --> 00:41:08,096 They'll see that at a sustained level as part of the Make Work 758 00:41:08,100 --> 00:41:12,700 Pay tax cut happen over the course of two years. 759 00:41:12,700 --> 00:41:18,970 So this is a sustained effort over the course of two years to 760 00:41:18,967 --> 00:41:22,337 jumpstart the economy, to make critical investments in many of 761 00:41:22,333 --> 00:41:28,633 the projects that Jared pointed out, and to create -- 762 00:41:28,633 --> 00:41:32,433 to both spur short term job savings and job creation as well 763 00:41:32,433 --> 00:41:34,303 as to begin to lay the foundation for long-term 764 00:41:34,300 --> 00:41:35,830 economic growth. 765 00:41:35,834 --> 00:41:39,564 The Press: In the session in there today the President said, 766 00:41:39,567 --> 00:41:41,767 knock on wood, there hasn't been the combatant -- 767 00:41:41,767 --> 00:41:43,997 been the kind of scandals here that some predicted. 768 00:41:44,000 --> 00:41:47,600 Mr. Gibbs: Well, look, and I think in many ways that's because you want to 769 00:41:47,600 --> 00:41:51,470 lay the foundation for how this money is going to move out; 770 00:41:51,467 --> 00:41:55,337 ensure that you have steps in place, 771 00:41:55,333 --> 00:41:59,603 protocols in place to deal with an evaluation of contracts and 772 00:41:59,600 --> 00:42:02,430 moving this money to the places that need them. 773 00:42:02,433 --> 00:42:05,933 I think this is -- the notion that the first day of the bill 774 00:42:05,934 --> 00:42:09,634 passage we were going to move $787 billion out certainly 775 00:42:09,633 --> 00:42:11,233 wasn't ever the case. 776 00:42:11,233 --> 00:42:14,363 In fact, you guys asked me about the spend-out rate as part of 777 00:42:14,367 --> 00:42:15,697 the lead-up to the debate. 778 00:42:15,700 --> 00:42:21,200 So the notion that this is going to be done as a phase certainly 779 00:42:21,200 --> 00:42:22,970 wasn't a surprise to you several months ago. 780 00:42:22,967 --> 00:42:27,667 The Press: Is there a sense that the effort to make sure there isn't fraud, 781 00:42:27,667 --> 00:42:32,137 waste, scandals -- is there a sense that that is slowing down 782 00:42:32,133 --> 00:42:33,603 getting money out the door and how -- 783 00:42:33,600 --> 00:42:35,330 Mr. Gibbs: No, I don't think so. 784 00:42:35,333 --> 00:42:37,263 I don't think we see it as slowing it down, 785 00:42:37,266 --> 00:42:39,796 but I think it's important -- and the President underscored 786 00:42:39,800 --> 00:42:43,930 this well back into December in meetings with the economic team, 787 00:42:43,934 --> 00:42:47,864 which was it was important to ensure that -- 788 00:42:47,867 --> 00:42:50,637 and you saw this throughout both the debate on the bill and the 789 00:42:50,633 --> 00:42:54,903 early implementation of the bill that the President was very 790 00:42:54,900 --> 00:42:58,330 concerned and rightly concerned that we do this in a way that 791 00:42:58,333 --> 00:43:01,303 gives the American people confidence about the way this 792 00:43:01,300 --> 00:43:02,970 money is being spent. 793 00:43:02,967 --> 00:43:05,997 It's crucially important that we lay in, like I said, 794 00:43:06,000 --> 00:43:10,000 the steps and the protocols that are necessary to happen in order 795 00:43:10,000 --> 00:43:15,230 to ensure that this is done both as quickly as possible, 796 00:43:15,233 --> 00:43:18,563 but is done without the waste and abuse that sometimes can be 797 00:43:18,567 --> 00:43:20,997 associated with these types of deals. 798 00:43:21,000 --> 00:43:22,830 The Press: Just a few follow-ups. 799 00:43:22,834 --> 00:43:26,064 The 150,000 job figure, should we be identifying that as a 800 00:43:26,066 --> 00:43:29,536 projection, since it seems like Jared himself -- 801 00:43:29,533 --> 00:43:32,603 there is no hard evidence yet of this number, correct? 802 00:43:32,600 --> 00:43:35,770 Mr. Gibbs: Well, I think, again, I would point you back to his answer 803 00:43:35,767 --> 00:43:38,997 about the reports and the economic formulation -- 804 00:43:39,000 --> 00:43:40,630 The Press: But he said it was based on multipliers and an economic 805 00:43:40,633 --> 00:43:43,463 formula and that we don't have the facts yet of how many hard jobs. 806 00:43:43,467 --> 00:43:47,197 Mr. Gibbs: Well, again, Chuck, I think -- and I hate to paraphrase what 807 00:43:47,200 --> 00:43:53,730 Jared said, but again, if I move you money because you have a 808 00:43:53,734 --> 00:43:57,164 window business, just like the example I was using, 809 00:43:57,166 --> 00:44:01,496 or some economic stimulus, you are going to -- 810 00:44:01,500 --> 00:44:03,970 you're going to buy supplies from somebody else who is going 811 00:44:03,967 --> 00:44:04,937 to create -- 812 00:44:04,934 --> 00:44:06,104 The Press: But you don't know if that's going to create one job 813 00:44:06,100 --> 00:44:07,070 or two jobs -- 814 00:44:07,066 --> 00:44:08,096 Mr. Gibbs: No, but -- 815 00:44:08,100 --> 00:44:09,270 The Press: You don't know that it's going to -- 816 00:44:09,266 --> 00:44:10,566 so it's a projection. 817 00:44:10,567 --> 00:44:12,097 Mr. Gibbs: Based on a tried and true, as he said, 818 00:44:12,100 --> 00:44:15,300 economic formula on how to do that. 819 00:44:15,300 --> 00:44:16,270 Projections are -- 820 00:44:16,266 --> 00:44:17,596 The Press: Jobs trickling down the window pane -- 821 00:44:17,600 --> 00:44:20,470 I mean, why is that not trickle-down economics when you 822 00:44:20,467 --> 00:44:23,237 guys are talking about tax cuts and how -- 823 00:44:23,233 --> 00:44:25,603 Mr. Gibbs: Are you suggesting that the multiplier effect of job 824 00:44:25,600 --> 00:44:27,970 creation is part of trickle-down economics? 825 00:44:27,967 --> 00:44:29,567 The Press: I'm suggesting that you guys are saying -- 826 00:44:29,567 --> 00:44:30,997 The Press: Sure, they're jobs -- 827 00:44:31,000 --> 00:44:34,570 Mr. Gibbs: Point out for me how, if somebody builds a windmill -- 828 00:44:34,567 --> 00:44:35,967 right -- and needs -- 829 00:44:35,967 --> 00:44:37,737 The Press: You guys are saying that unmeasured jobs -- 830 00:44:37,734 --> 00:44:40,064 and they're out there -- and you're saying it's a result of tax cuts. 831 00:44:40,066 --> 00:44:43,936 Mr. Gibbs: No -- in the example of window panes, absolutely. 832 00:44:43,934 --> 00:44:46,134 But what I'm talking about -- you don't make window panes out 833 00:44:46,133 --> 00:44:48,263 of papier-mâchÊ, right? 834 00:44:48,266 --> 00:44:49,466 You're going to have to buy aluminum; 835 00:44:49,467 --> 00:44:51,167 you're going to have to buy glass. 836 00:44:51,166 --> 00:44:53,536 Does the production of aluminum and glass for the purchase of 837 00:44:53,533 --> 00:44:56,963 making windows in order to increase the production so that 838 00:44:56,967 --> 00:45:00,437 the tax credit can be fully taken advantage of -- 839 00:45:00,433 --> 00:45:01,733 are window producers doing that? 840 00:45:01,734 --> 00:45:02,634 Yes. 841 00:45:02,633 --> 00:45:07,333 Is the sale of aluminum for windows and glass creating jobs? 842 00:45:07,333 --> 00:45:09,863 Ask some of the readers of Bloomberg when they make 843 00:45:09,867 --> 00:45:12,237 investments in resources -- 844 00:45:12,233 --> 00:45:15,303 The Press: But you're not going to provide numbers on total jobs that have 845 00:45:15,300 --> 00:45:18,700 been created or saved through this window pane example. 846 00:45:18,700 --> 00:45:21,670 Mr. Gibbs: Well, again, there's multipliers and there are formulas, 847 00:45:21,667 --> 00:45:25,597 as Jared talked about, in order to make determinations as to 848 00:45:25,600 --> 00:45:26,900 what that number is. 849 00:45:26,900 --> 00:45:28,630 The Press: Well, it did sound like you are going to provide a hard number 850 00:45:28,633 --> 00:45:30,203 on direct government contracts. 851 00:45:30,200 --> 00:45:32,130 Every quarter we will get a hard number. 852 00:45:32,133 --> 00:45:34,903 Mr. Gibbs: Well, I think that's what Jared talked about as part of the 853 00:45:34,900 --> 00:45:36,470 obligation of those reports. 854 00:45:36,467 --> 00:45:37,737 The Press: So far we have none, because there hasn't been any -- 855 00:45:37,734 --> 00:45:38,834 Mr. Gibbs: Right. 856 00:45:38,834 --> 00:45:42,564 But again, I think, just to build off your examples, Hans, 857 00:45:42,567 --> 00:45:47,137 you can't build a windmill out of nothing. 858 00:45:47,133 --> 00:45:50,233 You can't build a wind turbine out of nothing. 859 00:45:50,233 --> 00:45:53,933 The purchase of resources to build a wind turbine so that a 860 00:45:53,934 --> 00:45:57,664 wind company can take advantage of a tax credit is a multiplier 861 00:45:57,667 --> 00:46:01,267 effect that creates jobs based on the purchase of resources to 862 00:46:01,266 --> 00:46:03,496 construct that turbine -- right? 863 00:46:03,500 --> 00:46:05,200 The Press: Will you concede that the wind is free? 864 00:46:05,200 --> 00:46:07,200 (laughter) 865 00:46:07,200 --> 00:46:08,770 Mr. Gibbs: I will concede that the wind is free. 866 00:46:08,767 --> 00:46:10,867 And some of it is blowing hot in my direction. 867 00:46:10,867 --> 00:46:11,937 The Press: Ooh! 868 00:46:11,934 --> 00:46:16,004 (laughter) 869 00:46:16,000 --> 00:46:18,600 The Press: There are a lot of numbers being thrown around here, 870 00:46:18,600 --> 00:46:21,370 and you guys are claiming credit for -- 871 00:46:21,367 --> 00:46:24,097 earlier, you claimed credit for summer jobs that won't be there 872 00:46:24,100 --> 00:46:25,130 in three years -- 873 00:46:25,133 --> 00:46:26,063 Mr. Gibbs: No, no, no -- 874 00:46:26,066 --> 00:46:28,366 The Press: -- and that will be -- 875 00:46:28,367 --> 00:46:31,497 Mr. Gibbs: Hans, I appreciate you asking -- you should ask as many questions 876 00:46:31,500 --> 00:46:34,830 as you want, but if Jared gives you an answer about how two 877 00:46:34,834 --> 00:46:38,104 part-time jobs equals one full-time employment job, 878 00:46:38,100 --> 00:46:41,130 don't act like the question didn't get answered, because -- 879 00:46:41,133 --> 00:46:42,303 The Press: I'm not. 880 00:46:42,300 --> 00:46:43,800 Mr. Gibbs: -- and he's not trying to say that -- 881 00:46:43,800 --> 00:46:46,900 he didn't tell you that 125,000 was immediately being factored in. 882 00:46:46,900 --> 00:46:49,500 He gave you the formula for part-time and full-time jobs. 883 00:46:49,500 --> 00:46:51,570 The Press: I'm not saying -- I'm just -- I guess what you -- 884 00:46:51,567 --> 00:46:54,197 would you then concede that that job won't be there in three 885 00:46:54,200 --> 00:46:55,630 years when the stimulus -- 886 00:46:55,633 --> 00:46:58,763 Mr. Gibbs: Will I concede that a summer job won't be there in the fall? 887 00:46:58,767 --> 00:47:00,397 Yes, I will concede that. 888 00:47:00,400 --> 00:47:03,630 The Press: You guys are counting this towards the 3.5. 889 00:47:03,633 --> 00:47:06,363 Mr. Gibbs: I think Jared answered your question. 890 00:47:06,367 --> 00:47:08,537 Send a transcript to -- 891 00:47:08,533 --> 00:47:10,303 The Press: Following up on the North Korea question, you said, 892 00:47:10,300 --> 00:47:13,200 we hope that North Korea doesn't use -- 893 00:47:13,200 --> 00:47:16,500 attempt to use the journalists as leverage in the nuclear situation. 894 00:47:16,500 --> 00:47:18,030 Does that mean that's a red line, 895 00:47:18,033 --> 00:47:21,303 if they attempt to do this, then -- I mean -- 896 00:47:21,300 --> 00:47:26,670 Mr. Gibbs: I think it's important not for me to get into -- 897 00:47:26,667 --> 00:47:29,297 I'm not part of the negotiating team up here. 898 00:47:29,300 --> 00:47:31,800 The Press: Lebanon, you said you were heartened by turnout. 899 00:47:31,800 --> 00:47:33,770 I've heard some whispers that some believe that maybe the 900 00:47:33,767 --> 00:47:37,067 President's speech on Thursday could help things. 901 00:47:37,066 --> 00:47:39,996 Is that the way you guys see it, that the President's speech 902 00:47:40,000 --> 00:47:41,600 might have had some influence in Lebanon? 903 00:47:41,600 --> 00:47:44,330 Mr. Gibbs: I will say this, I think the President was pretty clear in 904 00:47:44,333 --> 00:47:49,163 Cairo about the importance of elections. 905 00:47:49,166 --> 00:47:53,466 I think people can be heartened that turnout far exceeded the 906 00:47:53,467 --> 00:47:57,767 last election; again, that those -- 907 00:47:57,767 --> 00:48:03,797 there was a shared commitment to democracy and a sovereign and 908 00:48:03,800 --> 00:48:04,930 independent Lebanon. 909 00:48:04,934 --> 00:48:07,064 I think that's certainly important. 910 00:48:07,066 --> 00:48:10,896 I think if you look at most predictions about the election, 911 00:48:10,900 --> 00:48:13,630 leading up to the actual election having taken place, 912 00:48:13,633 --> 00:48:19,903 most people believed that the March 14 coalition was not 913 00:48:19,900 --> 00:48:21,300 going to be successful. 914 00:48:21,300 --> 00:48:24,870 I would say that I don't think the President was one of those people. 915 00:48:24,867 --> 00:48:29,837 And I think just as the President talked about in Cairo, 916 00:48:29,834 --> 00:48:33,734 the Lebanese people are more interested in a government that 917 00:48:33,734 --> 00:48:40,434 builds things up rather than one whose main job is to tear things down. 918 00:48:40,433 --> 00:48:43,133 The Press: Should Iran's elections this week be viewed in that 919 00:48:43,133 --> 00:48:45,033 same prism? 920 00:48:45,033 --> 00:48:47,203 If so, do you think that the speech will have some influence there? 921 00:48:47,200 --> 00:48:53,630 Mr. Gibbs: I don't -- I think it's hard to -- 922 00:48:53,633 --> 00:48:55,333 let me also say this. 923 00:48:55,333 --> 00:48:58,163 As I said, the President talked about the importance of elections. 924 00:48:58,166 --> 00:49:00,936 The importance of elections can't simply be measured by the 925 00:49:00,934 --> 00:49:03,634 fact that you have an election. 926 00:49:03,633 --> 00:49:07,163 The importance is not simply on the fact that you have an 927 00:49:07,166 --> 00:49:10,196 election; the importance is on what -- 928 00:49:10,200 --> 00:49:12,200 of the actions of which that government takes. 929 00:49:12,200 --> 00:49:14,000 So let's not get ahead of where we are. 930 00:49:14,000 --> 00:49:17,400 The Press: Well, we had it with Hamas. 931 00:49:17,400 --> 00:49:22,530 They had a fair election and you cut off the relations immediately. 932 00:49:22,533 --> 00:49:27,603 Mr. Gibbs: As I believe the government said they were going to do if Hamas 933 00:49:27,600 --> 00:49:29,430 was elected. 934 00:49:29,433 --> 00:49:31,363 The Press: No, that isn't true. 935 00:49:31,367 --> 00:49:33,997 They didn't say that; they did it. 936 00:49:34,000 --> 00:49:37,300 Mr. Gibbs: Well, again, I think pretty clearly the previous -- 937 00:49:37,300 --> 00:49:40,370 I mean, again, I find myself in the uncomfortable position of 938 00:49:40,367 --> 00:49:42,467 being the Bush administration spokesperson. 939 00:49:42,467 --> 00:49:45,697 I think it was pretty clear that if you go back and look at what 940 00:49:45,700 --> 00:49:53,130 was going to happen to U.S. aid were Hamas to win in those elections -- 941 00:49:53,133 --> 00:49:55,003 The Press: So we don't believe in fair elections? 942 00:49:55,000 --> 00:49:58,370 Mr. Gibbs: No, no, no, again, Helen, I think you -- 943 00:49:58,367 --> 00:50:00,637 before I can even answer, you continue to ratchet the bar up. 944 00:50:00,633 --> 00:50:03,763 I think if you look at exactly what was said prior to the 945 00:50:03,767 --> 00:50:06,997 election and what was implemented as a direct 946 00:50:07,000 --> 00:50:09,770 relationship to that result, you'll see that that was -- 947 00:50:09,767 --> 00:50:11,267 The Press: But isn't that blackmail, really? 948 00:50:11,266 --> 00:50:12,666 What did we do on Lebanon? 949 00:50:12,667 --> 00:50:15,997 Did we -- the Vice President went there and sort of said, 950 00:50:16,000 --> 00:50:18,900 if you vote this way then it won't -- 951 00:50:18,900 --> 00:50:22,800 Mr. Gibbs: Well, I can't say that people around the world don't 952 00:50:22,800 --> 00:50:26,300 listen to news. 953 00:50:26,300 --> 00:50:27,200 Yes, sir. 954 00:50:27,200 --> 00:50:29,430 The Press: The most concrete achievement that came out of the London 955 00:50:29,433 --> 00:50:35,103 summit or the G20 was greatly increased lending authority by 956 00:50:35,100 --> 00:50:37,530 the International Monetary Fund. 957 00:50:37,533 --> 00:50:42,233 The U.S. portion of that is now hung up in Congress because 958 00:50:42,233 --> 00:50:47,433 Republicans are calling it a global bailout and won't vote on 959 00:50:47,433 --> 00:50:52,063 a war spending bill that has that IMF money in it. 960 00:50:52,066 --> 00:50:55,636 What does the White House want to do to unstick this? 961 00:50:55,633 --> 00:51:00,533 And are you willing to have the IMF money separated from the war 962 00:51:00,533 --> 00:51:03,633 spending and see if you can get it passed that way? 963 00:51:03,633 --> 00:51:07,233 Mr. Gibbs: Well, I think the administration believes that we can work with 964 00:51:07,233 --> 00:51:12,533 Congress to ensure the necessary and important funding is there 965 00:51:12,533 --> 00:51:17,063 for our missions in Afghanistan and Iraq; 966 00:51:17,066 --> 00:51:20,066 that money and funding will be there for the important and 967 00:51:20,066 --> 00:51:24,066 critical needs of what is being done in Pakistan, 968 00:51:24,066 --> 00:51:28,236 as well as the commitments that were made internationally 969 00:51:28,233 --> 00:51:31,463 relating to the IMF. 970 00:51:31,467 --> 00:51:34,967 I think this is a process that is ongoing and we're going to 971 00:51:34,967 --> 00:51:37,167 work with Congress to ensure that we get all of those 972 00:51:37,166 --> 00:51:38,436 priorities passed. 973 00:51:38,433 --> 00:51:40,803 The Press: And are you confident that when the President goes to the G8 974 00:51:40,800 --> 00:51:44,630 summit in just four weeks, he's going to be able to have that 975 00:51:44,633 --> 00:51:46,033 money in hand? 976 00:51:46,033 --> 00:51:47,933 Mr. Gibbs: That's what we're working on right now. 977 00:51:47,934 --> 00:51:49,234 Yes, sir. 978 00:51:49,233 --> 00:51:52,263 The Press: Robert, does the President believe his health care -- 979 00:51:52,266 --> 00:51:56,366 the health care plan he wants from Congress is in trouble? 980 00:51:56,367 --> 00:51:57,497 Mr. Gibbs: No. 981 00:51:57,500 --> 00:52:01,900 The Press: Is he stepping up his efforts to get it done by August? 982 00:52:01,900 --> 00:52:06,870 Mr. Gibbs: Well, I think the President is going to spend a decent amount 983 00:52:06,867 --> 00:52:11,397 of time over the next few weeks and months working on the 984 00:52:11,400 --> 00:52:16,000 priorities that he laid out, one of the most important of which 985 00:52:16,000 --> 00:52:16,900 is health care. 986 00:52:16,900 --> 00:52:19,470 I think that is definitely very true. 987 00:52:19,467 --> 00:52:22,967 The Press: Is that the subject of the town meeting on Thursday? 988 00:52:22,967 --> 00:52:24,967 Mr. Gibbs: Yes. 989 00:52:24,967 --> 00:52:25,837 The Press: I have two questions. 990 00:52:25,834 --> 00:52:26,804 Jared -- 991 00:52:26,800 --> 00:52:27,700 Mr. Gibbs: Two more? 992 00:52:27,700 --> 00:52:28,570 (laughter) 993 00:52:28,567 --> 00:52:29,637 Speaking of the multiplier effect -- 994 00:52:29,633 --> 00:52:30,533 (laughter) 995 00:52:30,533 --> 00:52:31,633 Go ahead. 996 00:52:31,633 --> 00:52:34,303 The Press: Jared -- Kenneth Bernstein for pay czar, 997 00:52:34,300 --> 00:52:35,530 do you have anything on that? 998 00:52:35,533 --> 00:52:36,433 Mr. Gibbs: No. 999 00:52:36,433 --> 00:52:37,363 The Press: Okay. 1000 00:52:37,367 --> 00:52:39,037 So we're in the second phase of the stimulus now, 1001 00:52:39,033 --> 00:52:41,063 the first phase was the 100 day. 1002 00:52:41,066 --> 00:52:44,436 How many more phases do we have and will the burn rate continue 1003 00:52:44,433 --> 00:52:46,933 to accelerate or increase, or will it decrease? 1004 00:52:46,934 --> 00:52:50,404 Mr. Gibbs: Well, again, we -- I think we talked about over the course of 1005 00:52:50,400 --> 00:52:57,930 two fiscal years, so through roughly September 30, 2010 -- 1006 00:52:57,934 --> 00:53:03,504 about 70% of the money, I think, was the final figure. 1007 00:53:03,500 --> 00:53:08,730 About 70% of that $787 billion will be spent through that 1008 00:53:08,734 --> 00:53:12,564 two-year fiscal period. 1009 00:53:12,567 --> 00:53:16,167 The Press: All right, I'll just come back to it. 1010 00:53:16,166 --> 00:53:17,266 The Press: When? 1011 00:53:17,266 --> 00:53:18,496 The Press: I'll get back to you, Robert. 1012 00:53:18,500 --> 00:53:21,130 The Press: While you're asking. 1013 00:53:21,133 --> 00:53:26,803 The Press: Why does the government need a compensation czar? 1014 00:53:26,800 --> 00:53:30,530 Mr. Gibbs: I'm not going to get ahead of personnel announcements. 1015 00:53:30,533 --> 00:53:34,603 The Press: So at this point it doesn't, until we're told it does. 1016 00:53:34,600 --> 00:53:36,070 Mr. Gibbs: Something like that, yes. 1017 00:53:36,066 --> 00:53:37,636 The Press: Very good. 1018 00:53:37,633 --> 00:53:40,703 You mentioned the saved jobs relate to states in budget 1019 00:53:40,700 --> 00:53:45,800 crisis that have been at least temporarily rescued by recovery dollars. 1020 00:53:45,800 --> 00:53:48,800 According to estimates put together by the state budget 1021 00:53:48,800 --> 00:53:51,170 officers, for the next two years, 1022 00:53:51,166 --> 00:53:55,366 states are already booking $230 billion in projected deficits. 1023 00:53:55,367 --> 00:53:57,937 The Recovery Act is going to provide for them, 1024 00:53:57,934 --> 00:54:00,164 if I understand the estimates, about $100 billion, 1025 00:54:00,166 --> 00:54:02,466 leaving a $130 billion gap. 1026 00:54:02,467 --> 00:54:05,797 How concerned is the administration about this gap 1027 00:54:05,800 --> 00:54:08,870 that's already on the books and whatever jobs it has been able 1028 00:54:08,867 --> 00:54:12,297 to temporarily save, not being able to save in the future? 1029 00:54:12,300 --> 00:54:15,170 And what policy response is made after that -- 1030 00:54:15,166 --> 00:54:18,336 Mr. Gibbs: Well, look, I think, Major, the most important policy response 1031 00:54:18,333 --> 00:54:21,103 we can have is the one that we're in the midst of 1032 00:54:21,100 --> 00:54:24,700 implementing now, and that is to get the economy moving again. 1033 00:54:24,700 --> 00:54:31,030 Obviously tax receipts for states are going to be 1034 00:54:31,033 --> 00:54:34,203 determined by the health and well-being of the economy that 1035 00:54:34,200 --> 00:54:35,230 we have today. 1036 00:54:35,233 --> 00:54:38,563 The President is working to ensure that we get it moving as 1037 00:54:38,567 --> 00:54:41,837 quickly as we can, and hopefully we can put a different 1038 00:54:41,834 --> 00:54:43,734 trajectory on some of those numbers. 1039 00:54:43,734 --> 00:54:45,034 The Press: So that'll be the principal response, 1040 00:54:45,033 --> 00:54:49,703 not a third or second -- depending on how people count it -- stimulus? 1041 00:54:49,700 --> 00:54:50,770 Mr. Gibbs: A third? 1042 00:54:50,767 --> 00:54:53,167 The Press: Well, people -- some people count the first -- 1043 00:54:53,166 --> 00:54:55,336 there was a Bush stimulus, and then you guys came along -- 1044 00:54:55,333 --> 00:54:57,333 that would be the second -- in the course of the recession. 1045 00:54:57,333 --> 00:54:59,063 Mr. Gibbs: Oh, I see, in terms of economic -- 1046 00:54:59,066 --> 00:55:00,166 The Press: I'm not subscribing to you two -- 1047 00:55:00,166 --> 00:55:01,436 one that you didn't already know about. 1048 00:55:01,433 --> 00:55:03,033 Mr. Gibbs: -- in terms of -- I was going to say, you've -- 1049 00:55:03,033 --> 00:55:04,333 I know I was out last week, but I had no idea. 1050 00:55:04,333 --> 00:55:05,763 (laughter) 1051 00:55:05,767 --> 00:55:10,537 Again, at this point, our focus far and away is ensuring that 1052 00:55:10,533 --> 00:55:14,103 the implementation of this legislation is done in both a 1053 00:55:14,100 --> 00:55:23,630 timely fashion but also one that ensures that it is done in a way 1054 00:55:23,633 --> 00:55:26,403 that is not wasteful. 1055 00:55:26,400 --> 00:55:28,570 The Press: Speaking of while you were away, the Senate questionnaire 1056 00:55:28,567 --> 00:55:32,797 revealed that at least four times, possibly five times, 1057 00:55:32,800 --> 00:55:37,000 Judge Sotomayor used a variation of the idea that a Latina could 1058 00:55:37,000 --> 00:55:39,800 come to a better or more informed conclusion than a white 1059 00:55:39,800 --> 00:55:42,000 male about some various aspect. 1060 00:55:42,000 --> 00:55:43,800 The White House has said that was a poor choice of words in 1061 00:55:43,800 --> 00:55:44,670 one instance. 1062 00:55:44,667 --> 00:55:47,367 I'm wondering if it's willing to say it's a poor choice of words 1063 00:55:47,367 --> 00:55:48,467 in multiple incidents. 1064 00:55:48,467 --> 00:55:54,097 And if so, does that poor choice of words denote a pattern of her 1065 00:55:54,100 --> 00:55:56,970 thinking that is somehow troubling to the White House, 1066 00:55:56,967 --> 00:55:59,867 as it is to the critics? 1067 00:55:59,867 --> 00:56:08,337 Mr. Gibbs: I think if you -- as we have said here many times, 1068 00:56:08,333 --> 00:56:11,703 the overall theme of her comments were that her 1069 00:56:11,700 --> 00:56:17,070 experiences matter, just as they did for and just as they have 1070 00:56:17,066 --> 00:56:19,966 for, in the quotes of Judge Sandra Day O'Connor -- 1071 00:56:19,967 --> 00:56:24,037 Justice Sandra Day O'Connor, Justice Ginsburg, Justice Alito. 1072 00:56:24,033 --> 00:56:32,663 I think Judge Sotomayor has said in her visits that the speech 1073 00:56:32,667 --> 00:56:36,237 that you're referring to was a poor choice of words. 1074 00:56:36,233 --> 00:56:37,163 But that -- 1075 00:56:37,166 --> 00:56:39,596 The Press: He's actually referring to five or six different speeches. 1076 00:56:39,600 --> 00:56:40,830 The Press: Four or five. 1077 00:56:40,834 --> 00:56:42,034 Mr. Gibbs: Right, but I -- 1078 00:56:42,033 --> 00:56:43,603 The Press: And I'm wondering, if it was poor choice of words, 1079 00:56:43,600 --> 00:56:45,430 it would suggest, if it was said once, 1080 00:56:45,433 --> 00:56:47,063 it might have been an error. 1081 00:56:47,066 --> 00:56:49,896 If it was said multiple times, it was part of a -- 1082 00:56:49,900 --> 00:56:51,570 an approach or a pattern. 1083 00:56:51,567 --> 00:56:53,197 Mr. Gibbs: I think if you go back and look at each of the instances, 1084 00:56:53,200 --> 00:56:56,400 I think the overall theme is that experiences and background 1085 00:56:56,400 --> 00:57:01,370 matter, and that what we've talked about in 2001 was a poor 1086 00:57:01,367 --> 00:57:02,637 choice of words. 1087 00:57:02,633 --> 00:57:05,103 The Press: The confirmation is not about the overall but it's about the 1088 00:57:05,100 --> 00:57:08,100 specific meaning of specific words and specific utterances. 1089 00:57:08,100 --> 00:57:09,700 And since we have a pattern here now, 1090 00:57:09,700 --> 00:57:12,030 I'm just wondering why critics would not be valid in saying 1091 00:57:12,033 --> 00:57:15,663 there appears to be a pattern here that may be inconsistent 1092 00:57:15,667 --> 00:57:16,597 with application -- 1093 00:57:16,600 --> 00:57:19,530 Mr. Gibbs: Except, Major, what people -- what your unnamed critics don't 1094 00:57:19,533 --> 00:57:25,703 seem to subscribe to is any pattern that is in the hundreds 1095 00:57:25,700 --> 00:57:28,030 of opinions that she's written. 1096 00:57:28,033 --> 00:57:30,403 The Press: So the pattern there trumps the pattern of the words, is that -- 1097 00:57:30,400 --> 00:57:32,530 Mr. Gibbs: I think if you want to know what a -- 1098 00:57:32,533 --> 00:57:36,003 how a judge is going to rule, I'm under the impression that 1099 00:57:36,000 --> 00:57:40,400 how they've ruled is a good indication of how they're going 1100 00:57:40,400 --> 00:57:43,130 to do, and what they're going to -- 1101 00:57:43,133 --> 00:57:45,333 the notion that she's talked about, 1102 00:57:45,333 --> 00:57:51,033 the impartiality of how she looks at these issues, 1103 00:57:51,033 --> 00:57:55,063 and I think that's been borne out by much news reporting over 1104 00:57:55,066 --> 00:57:59,136 the past many days of the way in which she -- 1105 00:57:59,133 --> 00:58:01,533 The Press: So study the opinions, not the speeches. 1106 00:58:01,533 --> 00:58:08,263 Mr. Gibbs: I think we would expect friend and foe alike to judge her on 1107 00:58:08,266 --> 00:58:09,866 her full body of work. 1108 00:58:09,867 --> 00:58:11,497 The Press: Robert, can I follow on that? 1109 00:58:11,500 --> 00:58:14,870 The Press: How much of this back-and-forth about Sotomayor's words do you 1110 00:58:14,867 --> 00:58:18,697 think is really a question about the value of diversity and sort 1111 00:58:18,700 --> 00:58:21,830 of the debate about affirmative action sort of cloaked in 1112 00:58:21,834 --> 00:58:23,334 something else? 1113 00:58:23,333 --> 00:58:28,033 Mr. Gibbs: You know, look, I think it would be not a good thing for me to 1114 00:58:28,033 --> 00:58:33,733 infer what or why certain people who are seemingly opposed to her 1115 00:58:33,734 --> 00:58:36,904 nomination characterize it different ways. 1116 00:58:36,900 --> 00:58:43,470 I've said I think it's important that we watch the use of what we 1117 00:58:43,467 --> 00:58:47,397 say, but other than that, I can't -- 1118 00:58:47,400 --> 00:58:52,000 and I wouldn't begin to peer into the motivations. 1119 00:58:52,000 --> 00:58:55,330 The Press: Robert, the President said today that he would suggest people who 1120 00:58:55,333 --> 00:58:58,233 don't believe the Recovery Act is working talk to some of the 1121 00:58:58,233 --> 00:59:02,233 companies who have hired back workers that they would have laid off. 1122 00:59:02,233 --> 00:59:05,403 Is the White House keeping a list of those companies somewhere? 1123 00:59:05,400 --> 00:59:07,900 Are you going to post that on recovery.gov? 1124 00:59:07,900 --> 00:59:10,030 Mr. Gibbs: I don't know if the news articles that denote people 1125 00:59:10,033 --> 00:59:13,033 saying that are going to be put up on the website or not. 1126 00:59:13,033 --> 00:59:16,633 The Press: But I guess what I'm wondering is, do we know what -- 1127 00:59:16,633 --> 00:59:18,763 how many such companies there are, and -- 1128 00:59:18,767 --> 00:59:23,367 Mr. Gibbs: Well, again, I've read in a number of publications, 1129 00:59:23,367 --> 00:59:25,367 some of whom occupy seats in this room, 1130 00:59:25,367 --> 00:59:29,367 that people have hired some people back -- 1131 00:59:29,367 --> 00:59:30,737 The Press: You're not keeping a list? 1132 00:59:30,734 --> 00:59:32,534 Mr. Gibbs: I don't have a list with me, no. 1133 00:59:32,533 --> 00:59:34,263 I don't -- 1134 00:59:34,266 --> 00:59:38,066 I assume there are people who are writing down what they see 1135 00:59:38,066 --> 00:59:41,496 in the newspaper -- as we said there are quarterly reports on 1136 00:59:41,500 --> 00:59:45,430 the direct impacts of this, but again, 1137 00:59:45,433 --> 00:59:49,303 I think if you read a fair number of articles, 1138 00:59:49,300 --> 00:59:56,500 as I'm sure most people here do, they understand and see clean 1139 00:59:56,500 --> 01:00:01,170 energy companies talk about their increased investment. 1140 01:00:01,166 --> 01:00:06,266 I think you see -- there was an article over the weekend of tax 1141 01:00:06,266 --> 01:00:11,696 incentives on clean-energy buses that have allowed companies to 1142 01:00:11,700 --> 01:00:15,370 keep the employees that they had on to ensure that they can meet 1143 01:00:15,367 --> 01:00:16,697 the growing demand. 1144 01:00:16,700 --> 01:00:19,330 The Press: And just a matter of housekeeping. 1145 01:00:19,333 --> 01:00:22,033 I don't think I've seen a week ahead. 1146 01:00:22,033 --> 01:00:23,203 Maybe I missed it. 1147 01:00:23,200 --> 01:00:24,170 Can you talk to us -- 1148 01:00:24,166 --> 01:00:25,536 Mr. Gibbs: You haven't, and I don't have it, and -- 1149 01:00:25,533 --> 01:00:27,063 The Press: -- about what else the President is doing this week, 1150 01:00:27,066 --> 01:00:28,666 besides going to Green Bay? 1151 01:00:28,667 --> 01:00:30,637 The Press: Particularly tomorrow? 1152 01:00:30,633 --> 01:00:32,633 Mr. Gibbs: I will endeavor to get a week ahead. 1153 01:00:32,633 --> 01:00:35,433 We did not do it before I came out here today. 1154 01:00:35,433 --> 01:00:37,933 The Press: And any more detail on the Green Bay visit? 1155 01:00:37,934 --> 01:00:41,164 Will he be -- he's talked a lot in the past about people who 1156 01:00:41,166 --> 01:00:43,696 need health care, but he seems to be now trying to make an 1157 01:00:43,700 --> 01:00:47,670 economic case and a case that some hospitals have delivered 1158 01:00:47,667 --> 01:00:50,437 health care, say, more efficiently and in a low-cost way. 1159 01:00:50,433 --> 01:00:52,063 Will that be the emphasis in Green Bay? 1160 01:00:52,066 --> 01:00:53,766 Mr. Gibbs: I don't know that that will be the specific emphasis, 1161 01:00:53,767 --> 01:00:55,667 but I think the President has always talked about health care 1162 01:00:55,667 --> 01:00:59,097 as a very concrete matter of economics. 1163 01:00:59,100 --> 01:01:01,830 The rising cost of health care certainly is for families and 1164 01:01:01,834 --> 01:01:03,204 small businesses. 1165 01:01:03,200 --> 01:01:05,930 But I think also think, in order to -- 1166 01:01:05,934 --> 01:01:07,634 well, to go back to the Recovery Act, 1167 01:01:07,633 --> 01:01:11,663 certainly the delivery of health care in a more economical and 1168 01:01:11,667 --> 01:01:17,597 efficient way through investments in health IT and 1169 01:01:17,600 --> 01:01:23,070 computer technology as a delivery is something that the 1170 01:01:23,066 --> 01:01:26,336 President I think will at least touch upon. 1171 01:01:26,333 --> 01:01:29,203 Whether or not it's the focus, I'm not sure. 1172 01:01:29,200 --> 01:01:33,170 But again, I think when we're talking about health care writ 1173 01:01:33,166 --> 01:01:40,596 large, there are -- there isn't one thing or only one thing that 1174 01:01:40,600 --> 01:01:41,870 you can focus on. 1175 01:01:41,867 --> 01:01:45,337 Obviously there are the incredible proliferation of 1176 01:01:45,333 --> 01:01:48,433 costs, as I've said, for families and small businesses, 1177 01:01:48,433 --> 01:01:52,603 but also, how are we going to change the way and make the 1178 01:01:52,600 --> 01:01:55,770 delivery of health care more efficient so that a country that 1179 01:01:55,767 --> 01:01:59,567 spends more per capita on health care doesn't find itself lagging 1180 01:01:59,567 --> 01:02:01,197 in the ways that it does. 1181 01:02:01,200 --> 01:02:03,270 The Press: Do we know what the venue is in Green Bay? 1182 01:02:03,266 --> 01:02:05,496 Mr. Gibbs: I don't have it. 1183 01:02:05,500 --> 01:02:07,330 I think the advisory, if it hasn't gone out, 1184 01:02:07,333 --> 01:02:09,333 is in the process of getting out. 1185 01:02:09,333 --> 01:02:10,363 The Press: Town hall? 1186 01:02:10,367 --> 01:02:11,397 Mr. Gibbs: Yes. 1187 01:02:11,400 --> 01:02:12,470 But I don't know which building. 1188 01:02:12,467 --> 01:02:16,337 The Press: Robert, when you and the President said that Sotomayor's 1189 01:02:16,333 --> 01:02:19,733 -- used a poor choice of words, were you aware of the other 1190 01:02:19,734 --> 01:02:23,634 times she had made similar utterances, or only that one, 1191 01:02:23,633 --> 01:02:25,803 the Berkeley speech? 1192 01:02:25,800 --> 01:02:28,570 Mr. Gibbs: Mara, I got to tell you, a lot of life in here blurs together, 1193 01:02:28,567 --> 01:02:31,897 so I don't entirely recall what -- 1194 01:02:31,900 --> 01:02:33,300 all that I have been briefed on. 1195 01:02:33,300 --> 01:02:35,000 The Press: At the time, people were focusing on one speech, 1196 01:02:35,000 --> 01:02:36,870 but I'm just wondering if you were aware that she'd said it 1197 01:02:36,867 --> 01:02:38,067 more than once. 1198 01:02:38,066 --> 01:02:40,196 Mr. Gibbs: In all honesty, I honestly don't remember. 1199 01:02:40,200 --> 01:02:42,870 The Press: Just to follow up on that, now that you are aware that she said 1200 01:02:42,867 --> 01:02:46,767 it more than once, do you think they all were poor choices of words? 1201 01:02:46,767 --> 01:02:49,197 Mr. Gibbs: Well, I think I answered that question just a few minutes ago. 1202 01:02:49,200 --> 01:02:51,200 The Press: Well, no, you said that we should look at the 1203 01:02:51,200 --> 01:02:52,200 whole context. 1204 01:02:52,200 --> 01:02:54,200 I'm wondering, just in terms of these statements, 1205 01:02:54,200 --> 01:02:57,530 do you think they were all -- she regrets saying them in that way? 1206 01:02:57,533 --> 01:03:00,303 Mr. Gibbs: Again, I think I've -- I think I've said, 1207 01:03:00,300 --> 01:03:04,130 I think the President said, and I think she said this was a poor 1208 01:03:04,133 --> 01:03:05,663 choice of words. 1209 01:03:05,667 --> 01:03:06,637 Yes, sir. 1210 01:03:06,633 --> 01:03:09,663 The Press: I wanted to get your response to Republicans who say that with a 1211 01:03:09,667 --> 01:03:13,197 trillion-dollar deficit and $11 trillion debt, that we should -- 1212 01:03:13,200 --> 01:03:15,730 if the economy is beginning to show green sprouts, 1213 01:03:15,734 --> 01:03:18,164 we should take some of the stimulus money and not spend it 1214 01:03:18,166 --> 01:03:19,466 and reduce the deficit. 1215 01:03:19,467 --> 01:03:22,167 But I also wanted to go back to what Ben and Chip were getting 1216 01:03:22,166 --> 01:03:25,436 at about the momentum thing, I guess. 1217 01:03:25,433 --> 01:03:29,563 Regardless of the reason for why you did this event today, 1218 01:03:29,567 --> 01:03:33,767 do you feel like with the too-optimistic projection, 1219 01:03:33,767 --> 01:03:35,337 the disputes about these -- 1220 01:03:35,333 --> 01:03:37,733 Mr. Gibbs: Well, let me take these one at a time. 1221 01:03:37,734 --> 01:03:39,604 Understand that -- 1222 01:03:39,600 --> 01:03:41,400 The Press: Which one are you going to take, then? 1223 01:03:41,400 --> 01:03:43,530 Mr. Gibbs: The one you -- the one I just interrupted you on. 1224 01:03:43,533 --> 01:03:44,563 The Press: Well, I'm not done. 1225 01:03:44,567 --> 01:03:45,397 Mr. Gibbs: Well, I know you're not. 1226 01:03:45,400 --> 01:03:46,500 (laughter) 1227 01:03:46,500 --> 01:03:48,170 But I want to do these one by one. 1228 01:03:48,166 --> 01:03:50,836 The notion that a report was prepared based on the best 1229 01:03:50,834 --> 01:03:54,404 available economic data that was had, 1230 01:03:54,400 --> 01:03:59,670 and that a severe downturn in fourth-quarter growth and a job 1231 01:03:59,667 --> 01:04:04,167 loss that was far greater than anybody had expected, 1232 01:04:04,166 --> 01:04:09,536 both in December and January, I don't find surprising that the 1233 01:04:09,533 --> 01:04:14,363 overall number is different than it was when we sat here in December. 1234 01:04:14,367 --> 01:04:17,737 It certainly wasn't when you all asked me in January and February 1235 01:04:17,734 --> 01:04:20,464 about those statistics. 1236 01:04:20,467 --> 01:04:24,897 Again, these numbers change, just as you all ask me if we think -- 1237 01:04:24,900 --> 01:04:27,900 if you think we're on the road to recovery, 1238 01:04:27,900 --> 01:04:32,070 just as you all ask me if the economy has bottomed out, right? 1239 01:04:32,066 --> 01:04:36,366 So I think it's -- if you're asking me if in December you can 1240 01:04:36,367 --> 01:04:39,667 make all the accurate projections in terms of what the 1241 01:04:39,667 --> 01:04:41,867 numbers are going to look like in February without having the 1242 01:04:41,867 --> 01:04:44,637 data for January, I'd say that's pretty hard to do. 1243 01:04:44,633 --> 01:04:47,033 The Press: Okay, but you're taking questions from us and heat from 1244 01:04:47,033 --> 01:04:50,933 critics about the jobs that are being created or saved, 1245 01:04:50,934 --> 01:04:52,964 and there's a new Gallup poll I don't think which has been 1246 01:04:52,967 --> 01:04:55,967 mentioned yet today about -- it shows that the President's 1247 01:04:55,967 --> 01:04:59,137 numbers on the economy are slipping. 1248 01:04:59,133 --> 01:05:03,433 I think the disapproval rating on the economy has gone up 12 1249 01:05:03,433 --> 01:05:05,203 points since February. 1250 01:05:05,200 --> 01:05:07,330 Do you think that there's a danger here of a credibility 1251 01:05:07,333 --> 01:05:10,063 deficit developing on the issue of the economy in particular? 1252 01:05:10,066 --> 01:05:15,536 Mr. Gibbs: Again, this is -- we're focused on the implementation of the 1253 01:05:15,533 --> 01:05:17,763 recovery plan. 1254 01:05:17,767 --> 01:05:20,937 We're not focused on the latest polling. 1255 01:05:20,934 --> 01:05:24,204 The Press: Can you just respond to Republicans who say that we 1256 01:05:24,200 --> 01:05:27,230 should take some of the stimulus money and not spend it if the 1257 01:05:27,233 --> 01:05:29,963 economy is starting to show signs of progress? 1258 01:05:29,967 --> 01:05:31,967 Mr. Gibbs: Well, is that what they're saying? 1259 01:05:31,967 --> 01:05:34,537 Do they think the economy is showing signs of progress? 1260 01:05:34,533 --> 01:05:37,533 The Press: Jim DeMint said that if there is recovery happening, 1261 01:05:37,533 --> 01:05:40,203 if we're coming out of the worst of things, 1262 01:05:40,200 --> 01:05:42,300 as the President said I think two weeks ago, then -- 1263 01:05:42,300 --> 01:05:44,870 Mr. Gibbs: I'll do this. 1264 01:05:44,867 --> 01:05:47,297 I'll answer that tomorrow if you'll get me the answer as to 1265 01:05:47,300 --> 01:05:51,270 whether you think Senator DeMint is seeing an improvement in the economy. 1266 01:05:51,266 --> 01:05:52,596 Thanks, guys.