Bloomberg gets insight from Joseph Stiglitz, professor at Columbia University, Meredith Whitney of Meredith Whitney Advisory Group, Oliver Sarkozy of Carlyle Group, Jack Welch, former General Electric CEO and Austan Goolsbee, an Obama economic advisor.
Goolsbee says: "I didn't know this was rigged against me." Indeed. He's last to speak and everyone, including Stiglitz on the left, criticizes Obama's budget and economic plan. Stiglitz says the stimulus was too small.
Welch feels better about the economy and Whitney says it feels "less worse." Sarkozy says things are better but we're not out of the woods.
Both left and right believe that GM should've been allowed to fail. Goolsbee reminds everyone that Wall Street got us in this mess and that government is trying to fix it.
Part 2
