Summary

Robert Gibbs Press Briefing by Press Secretary Robert Gibbs…

Each of those years would represent roughly a trillion dollars in lost output -- what the economy would produce and what the economy could produce with a significant stimulus.
You could imagine what would happen to our deficit if 5 million more people are applying for unemployment claims -- the money that has to go along with that, the spending that would be involved in that -- as well as what would happen to tax receipts if economic output was, over the course of three years, $3 trillion less than what that economy could produce.
Our failure to act is going to worsen the deficit.
Source: Wikisource

Robert Gibbs Press Briefing by Press Secretary Robert Gibbs…

The President wants to -- obviously wants to move the process forward, but also wants to have a package that is -- meets the principles that he has in moving forward -- are we going to create jobs? Are we going to meet the size and the scope of those problems with something that's appropriate enough to save or create the more than 3 million jobs that he's talked about? Is the tax relief going to be focused on those who need it the most in the middle class? Is the spending that's involved also laying down important investments for the future?
Source: Wikisource

Robert Gibbs Press Briefing by Press Secretary Robert Gibbs…

The two biggest amendments that have been put forward thus far to increase the level of that spending was an amendment -- two amendments by Republicans.
So let's first understand sort of where we are in terms of spending. The President will, much as he did with the leadership here earlier in the week, first thank them for all the work that they've done, whether it's the fair pay bill that they passed and got to his desk; whether it's an expansion of children's health insurance that will cover children that currently lack health insurance; whether it's moving that stimulus package along.
Source: Wikisource

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