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 The True Measure Of Things - Air Force One Press Gaggle by Robert Gibbs 7/8/09 — Thursday, July 09, 2009 —  MR. GIBBS: I came back during the only part of the flight that was bumpy. (Laughter.)Q Yes, that's what we said right before you came back here. One more G8 question, also on numbers. Can you say whether the U.S. is decided or is going to support limiting global warming to two degrees Celsius? MR. GIBBS: Well, look, I think the biggest -- the biggest thing that surrounds all of this as it relates to global warming and climate change are the big steps that the House took only a week or so ago to put our country strongly on record as taking bold action against forces that are changing the temperature and the environment of our planet. Obviously the President has talked about a great deal about this during the campaign. There are important -- there's important progress that we can make as a part of this in creating a market for clean energy jobs, incentivizing those jobs, and using that as part of the foundation for long-term economic growth rather than having what the President has talked about, the sort of boom and bust cycles of the economy or have the economy as it has been -- have the growth of the economy largely predicated on personal consumption. So I think we've taken a strong step forward. Q In the G8 perspective -- I understand that that's Obama's position, but what about the negotiating parts here at the G8? What is the administration's position going to be on that two degrees Celsius goal? MR. GIBBS: Let me get a little bit better guidance on that, except, again, I would say that I think our biggest contribution to this is the steps that were taken by the House to put us strongly on record on this. Q Does the President view the European proposal as politically plausible in this country? MR. GIBBS: Well, I think we've all seen that in -- that this is not the easiest thing to do. I think part of that is because you've seen opponents of taking strong action on global warming take a lot of license with the impacts of any proposal. I think the legislation that came out of -- it's always -- I'm always amused to find that the CBO is the credible agency, if you will, of record -- until they're not. And in the case of the climate change legislation, remember the CBO came out and said that the cost for a family in 2020 would be approximately $170. Now, only a few days before, when the CBO was talking about health care, it seemed like many people thought the CBO was written on a stone tablet -- until they got this report and many questioned the CBO. So I think in many ways, some of the difficulty in this is getting around what you hear from opponents that think we don't need to take any action, that we don't need to change anything that we're doing, or that we don't need to lay that long-term foundation for clean energy jobs. But I think -- the President has talked about this for several years, and we've made I think some bold steps in Congress to get something to the President's desk this year. Q Robert, let me go at that a little bit differently. On climate change, how would the President define success at this G8? I understand your position about what the House has done and trying to have momentum. But how do you define success? MR. GIBBS: Well, look, I think in many ways success for us is going to be getting something through Congress and to his desk that puts in place a system, a market-based system that lessens the amount of greenhouses gases in the air. Look, that's going to be the true measure of things. Air Force One | Congressional Budget Office | G8 | Global Warming | Press Gaggle | Robert Gibbs | White House Press Corps Labels: Air Force One, Congressional Budget Office, G8, Global Warming, Press Gaggle, Robert Gibbs, White House Press Corps >> Full Story
Posted by White House Press Corps @ 11:56:00 PM  The War on the Economy - White House Press Briefing by Robert Gibbs 1/23/09 — Monday, January 26, 2009 —  Full 1/23/09 Press Briefing Transcript M. Garrett: [Major Garrett, FOX News] President Bush, after 9/11, said the United States and its government was engaged in a war on terror. Is that what this administration calls it, and if not, why? Secondarily, on your point about stimulative, the CBO has said that $219 billion of the $825 billion in the House bill cannot be spent and will not be spent until 2011 at the earliest. How is that…? Press Sec.: Is this the CBO report that came out earlier this week? M. Garrett: Yes. Press Sec.: Okay. M. Garrett: Yes. What is the President's appraisal of that CBO analysis, and what do you know here that the Congressional Budget Office, a neutral observer, doesn't know? Press Sec.: Well, let me outline what we know. M. Garrett: Don't forget the first question. Press Sec.: The first question I think I alluded to some yesterday. Look, I would point you to the words that the President said in his inaugural address about the challenges that we face. On the stimulus package – and I've got a letter that we'll make sure that each of you have that our OMB Director sent to the Senate Budget Committee Chairman, Kent Conrad – we believe, looking at the packages that exist, that 75 percent of the money will be spent out in an 18-month period of time, with great stimulative effect. The CBO report looked at a… only a portion of the legislation and looked at that portion of the legislation before it began the committee process that Jake was talking about – a snapshot in time that's long past. It doesn't reflect increased spend-out rates. The letter that Mr. Orszag sent to Conrad states that the administration will hold the line on ensuring that at least 75 percent of that money is spent out over an 18-month period. And there are things that can be done in the legislation to ensure that that happens. Let me give you an example, just so you know. There's a provision to speed the money that says if in -- I think in the CBO analysis was 120 days on some projects -- if the money is not spent, then that money is basically reshuffled to other projects. They found that the spend-out rate on 120 days was actually less than a spend-out rate on 180 days – right? So that legislation gets tweaked to 180 days, because the CBO determined that that reshuffling of money would delay its spend-out rates. So those tweaks can be made, and have – I think in some cases have been made, to ensure that three-quarters of the American Recovery and Reinvestment Act are spent in the first year and a half. That will create jobs; that would get people working again; get the economy moving again. That's what the President set out to do, and that's what this bill does. M. Garrett: If I could follow up, since you mentioned Christine Romer. She has a very substantial body of written work as an economist, assessing what brought the United States out of recession and depression. And in each of those reports, she concluded it was monetary policy that was a driving force in lifting the U.S. economy, not direct government spending. She said that about the Depression and subsequent recessions. What is it about this circumstance that gives you greater confidence than she found, looking at all of those economic circumstances that direct spending can turn the tide? Press Sec.: Well, I'm not an economist and I don't play one on TV, and I won't play one on TV today. Obviously, the Fed and a number of other places have taken a lot of monetary steps that I think many have commented – we have very few of those left. The report that she prepared for the President, based on the package that we were putting together, did show that the plan would create jobs, would stimulate the economy, would make important and necessary investments for our long-term growth. She's confident, the economic team is confident, and most importantly, the President is confident, that this is a package that will help turn our economy around. Things will likely get worse before they get better. But I believe, and the President believes, that Congress has to act quickly to ensure that this package gets on his desk by President's Day recess, so that we can begin turning the economy around. Congressional Budget Office | Economy | Major Garrett | Press Briefing | Robert Gibbs | Stimulus Package | War on Terror | White House Press Corps Labels: Congressional Budget Office, Economy, Major Garrett, Press Briefing, Robert Gibbs, Stimulus Package, War on Terror, White House Press Corps >> Full Story
Posted by White House Press Corps @ 5:33:00 PM
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