Financial Crises Require Governments.

And I Think It's A Prudent, Responsible Way, Given The Scale Of The Emergency, The Scale Of The Damage Still Facing America, That We Finance These Additional Support For The Unemployed As Well As The Support For Small Business. We Think There's A Good Case For Doing It Now. We Want To Do It In An Overall Fiscally Responsible Way.

The Choice Is Between Which Mistake Is Easier To Correct: Underdoing It Or Overdoing It.

This Crisis Is Not Simply A More Severe Version Of The Usual Business Cycle Recession, The Typical Downturn In Which Economies Ultimately Adjust And Stabilize.

Monetary Policy Itself Cannot Sensibly Be Directed At Reducing Imbalances.

The World Is Likely To View Any Temporary Extension Of The Income Tax Cuts For The Top Two Percent As A Prelude To A Long-term Or Permanent Extension, And That Would Hurt Economic Recovery As Well By Undermining Confidence That We're Prepared To Make A Commitment Today To Bring Down Our Future Deficits.