Well, it's certainly going to help in the short-term. If you're working for the State of California right now and you got one of these notices saying you're about to be laid off and money comes into the state, there's a reasonable chance…
David Gergen
The Public Record
David Gergen was an American political commentator and advisor who served in the administrations of four U.S. presidents, providing insights and guidance on various political matters. Born on May 9, 1942, in Massachusetts, Gergen held significant roles in both Republican and Democratic administrations, showcasing his ability to navigate the political landscape across party lines. He was also a professor of public service at Harvard University, where he influenced a new generation of leaders. In addition to his academic work, Gergen was a senior political analyst for CNN, contributing to public discourse on current events until his passing on July 10, 2025.
I think the other part of this, though, that we have to recognize, as Andy said and as David Walker said, the hole we're facing and the sort of the lost economy over the next three years is about $3 trillion, according to the Congressional…
This stimulus package is only about a third of that at best. David Walker would argue it's only a tenth of that or a fifth of that.
The administration believes that they have to tackle the housing as part of this.
What it will help to do in all likelihood is make the downturn not as steep.
They're designating $50 billion of that to go into helping on housing and trying to stop this flood of foreclosures.
The administration believes that they have to tackle the housing as part of this. What they think of, there are three pieces, what they call three legs to this stool. One, we've been talking about the stimulus. A second is the banking…
Well, it's certainly going to help in the short-term. If you're working for the State of California right now and you got one of these notices saying you're about to be laid off and money comes into the state, there's a reasonable chance…
I think the other part of this, though, that we have to recognize, as Andy said and as David Walker said, the hole we're facing and the sort of the lost economy over the next three years is about $3 trillion, according to the Congressional…
This stimulus package is only about a third of that at best. David Walker would argue it's only a tenth of that or a fifth of that.





