Faces of Debt

  • Aired:  09/14/10
  •  | Views: 140,131

Austan Goolsbee becomes the new face of the Summer of Recovery, and Robert Gibbs turns to Twitter to battle John Boehner over tax cuts. (8:03)

>> Jon: HEY, EVERYBODY,

WELCOME TO "THE DAILY SHOW."

MY NAME IS JON STEWART.

[CHEERS AND APPLAUSE]

OUR GUEST TONIGHT OH, WE'VE GOT

A NICE GUEST TONIGHT.

FORMER ENGLAND PRIME MINISTER

TONY BLAIR IS HERE.

S HIS SECOND TIME ON OUR

PROGRAM.

THE FIRST TIME SINCE WINNING

SIMON COLIN POWELL'S X FACTOR.

[LAUGHTER]

BUT FIRST LET'S TAKE A MOMENT TO

REFLECT ON WHAT A CHALLENGING

SUMMER THIS HAS BEEN FOR

AMERICANS.

FIRST: BED BUGS AND THEN

MMMMUSLIMS.

AND FINALLY MMMUSLIM BED BUGS.

THE MOST DANGEROUS BED BUG OF

ALL.

YOU KNOW THEY ARE MUSLIM BECAUSE

ALL YOUR BITE MARKS FACE MECCA.

[LAUGHTER]

BUT THERE WAS A BRIGHT SIDE.

THIS SUMMER PROMISED TO BRING AN

END TO AMERICA'S ECONOMIC WOES.

>> THE TRUTH IS NOW WE'RE

SPENDING MORE NOW THIS SUMMER.

I'M CALLING THIS THE SUMMER OF

RECOVERY.

>> Jon: THE SUMMER OF

RECOVERY!

THAT'S WHAT BRIAN WILSON WANTED

TO CALL EVERY BEACH BOYS ALBUM.

[LAUGHTER]

THE SUMMER OF RECOVERY.

SO HOW DID THAT WORK OUT FOR US?

>> SALES OF NEW HOMES FELL TO AN

ALL-TIME RECORD LOW IN JULY.

>> EVERY DAY NEW DISMAL ECONOMIC

NUMBERS.

>> 54,000 JOBS DISAPPEARED.

>> 14.9 MILLION UNEMPLOYED.

>> AUTOMOTIVE NUMBERS DISMAL.

>> STOCKS ENTERED A LOW ON

MONDAY IN THE WORST PERFORMANCE

THAT MONTH SINCE 2001.

[LAUGHTER]

>> Jon: I DON'T LIKE THIS

SUMMER!

SO THE SUMMER OF RECOVERY

SLIDING INTO THE AUTUMN OF

NOTHING BUT RAMEN NOODLES FOR

DINNER.

IT'S THE MEAL YOU CAN KNIT WITH.

[LAUGHTER]

COULD -- COULD THE

ADMINISTRATION HAVE COME UP WITH

A MORE ILL CONCEIVED NAME FOR

THIS SUMMER?

I GUESS IT WASN'T AS BAD AS

BIDEN ANNOUNCEMENT LAST YEAR OF

THE UPCOMING SUMMER OF

REASONABLE HEALTH CARE REFORM

DISCUSSION.

>> WAIT A MINUTE.

>> Jon: REMEMBER THAT?

Y'ALL ARE IN TROUBLE!

THIS ECONOMY IS ON THE EMPTY

POCKETS EXPRESS TO HOBO

JUNCTION.

WE'VE GOT TO TURN THIS BUS

AROUND.

>> MR. OBAMA ANNOUNCED AUSTAN

GOOLSBEE WILL TAKE OVER AS THE

CHAIRMAN OF COUNCIL OF ECONOMIC

ADVISERS.

>> Jon: OR JUST SWITCH

DRIVERS.

GOOLSBEE, HE'S THE NEW SCAREMAN

ON THE COUNCIL OF ECONOMIC

ADVISERS.

ALL RIGHT, GOOLSBEE, YOU ARE THE

NEW FACE OF THE OBAMA SUMMER OF

RECOVERY.

SPIN US WITH SOME HAPPY TALK?

>> THIS RECESSION IS THE DEEPEST

IN OUR LIFETIME.

I DON'T THINK THE UNEMPLOYMENT

LATE BE COMING DOWN

SIGNIFICANTLY ANY TIME IN THE

NEAR FUTURE.

I DON'T EXPECT IT TO GO DOWN

APPRECIABLY.

THE LABOR MARKET IS

SIGNIFICANTLY WEAKENED HAS BEEN

FOR SOME TIME.

>> Jon: SORRY I WAS JUST

MAKING MY RAMEN NOODLE NOOSE.

[LAUGHTER]

(bleep) GOOLSBEE!

I WAS KIDDING ABOUT THE CRYPT

KEEPER REFERENCE BUT COME ON.

DID ANYONE CHECK WITH YOU BEFORE

BIDEN CALLED THIS THE SUMMER OF

RECOVERY?

WHAT WAS HE TALKING ABOUT?

>> THE VICE PRESIDENT WAS

TALKING ABOUT THE SUMMER OF

RECOVERY IN REFERENCE TO THE

RECOVERY ACT THAT YOU WOULD SEE

THE CREATION OF A SERIES OF

INFRASTRUCTURE AND OTHER

PROJECTS RAMPING UP OVER THE

SUMMER AND DID YOU SEE THAT.

>> Jon: YES, BUT HE DIDN'T

CALL IT THAT.

HE CALLED THE -- IT THE SUMMER

OF RECOVERY.

LET'S SAY IN JUNE I ANNOUNCE TO

THE NATION THIS IS THE SUMMER OF

LOSING MY VIRGINITY.

[LAUGHTER]

AND THEN IN SEPTEMBER I, STILL A

VIRGIN, AM ASKED DIDN'T YOU SAY

THIS WAS THE SUMMER OF LOSING

YOUR VIRGINITY AT WHICH POINT I

SAY I WAS SAYING THE SUMMER IN

THE SPIRIT OF LOSEN MY VIRGINITY

ONLY TO FIND OUT AT THE END OF

CAMP THAT GIRLS LIKE JERKS

INSTEAD OF ROMANCE.

NO WAY CAMP STAR TAKES JOCK IN

FINAL JAM NO.

WAY SN.

CAMP ROCK TWO?

CAMP ROCK 2 THE FINAL JAM?

ANYBODY.

CAN'T GET MY KIDS INTERESTED IN

IT EITHER.

LA OF LAUGH --

[LAUGHTER]

OF COURSE THAT'S UNFAIR.

THE ECONOMY IS THE SUM TOTAL OF

A LOT OF COMPLEX MOVING PARTS

NOT THE LEAST OF WHICH IS THE

FATE OF BUSH ERA TAX CUTS SET TO

EXPIRE AT THE STROKE OF MIDNIGHT

>> THE PRESIDENT EA VIEWPOINT IS

PROTECT THE MIDDLE CLASS TAX

CUTS AND LET THOSE FOR THE

WEALTHY EXPIRE.

>> Jon: LET THEM EXPIRE FOR

THE WEALTHY JUST LIKE THE FOOD

IN THEIR FANCY REFRIGERATORS.

[LAUGHTER]

IT GOES BAD BEFORE THEY EAT IT

BECAUSE THEY BUY SO MUCH EVEN

THEIR FANCY BUTLERS CAN'T EAT IT

ALL.

OF COURSE, REPUBLICANS BEING THE

PARTIVE INCLUSION -- PARTY OF

INCLUSION --

[LAUGHTER]

-- WOW, THAT WAS WEIRD.

I JUST THREW UP?

MY MOUTH.

-- I JUST THREW UP IN MY MOUTH.

THE REPUBLICANS, BEING THE PARTY

OF INCLUSION R LOOKING OUT FOR

EVERYBODY.

>> WE NEED TO EXTEND ALL THE TAX

CUTS.

NOW IS NOT THE TIME TO RAISE

TAXES.

>> Jon: I'M WAITING FOR THE

DAY ANYBODY EVER SAYS NOW IS THE

TIME RAISE TAXES.

I THINK WE'RE WAITING A LINE.

THE LINE IS DRAWN.

>> ARE YOU SAYING THAT NO WAY,

NO HOW WOULD YOU VOTE FOR

CONTINUING THE TAX CUTS FOR THE

FOLKS IN THE MIDDLE CLASS UNLESS

IT ALSO INCLUDES THE TAX CUTS

FOR THE PEOPLE IN THE UPPER

BRACKETS?

>> IF THE ONLY OPTION I HAVE IS

TO VOTE FOR THOSE AT $250,000

AND BELOW, OF COURSE I'M GOING

TO DO THAT.

>> Jon: WHAT?

MY GOD THE SEEDS OF COMPROMISE.

IS THAT THIS WHAT THE

ADMINISTRATION -- NE, THE

COUNTRY HAVE BEEN WAITING FOR.

WE THE PEOPLE.

BOEHNER IS THE BOEHNER WE'VE

BEEN BEANING FOR.

PERHAPS THIS BREAK IN REPUBLICAN

ORTHODOXCY IS THE OLIVE BRANCH

THAT WILL TURN THE TIDE.

>> TKPW *EUBDZ PRODUCED THE

REPUBLICANS TAKING TO TWITTER TO

SAY THEY WERE IN DISARRAY.

WHY OLD MIDDLE CLASS TAX CUTS

HOSTAGE.

BOEHNER TWEETED BACK REPUBLICANS

ARE UNIFIED AND CAN'TER AND

OTHER REPUBLICANS RETWEETED WHAT

BOEHNER WROTE.

>> Jon: AND ONE OF OUR MOST

IMPORTANT ISSUES DEVOLVES INTO

TWITTER.

BOEHNER RESPONDS AT PRESS SEC

WE'RE UNIFIED SOX GIBBS TWITS

BACK AT BOEHNER YOU ARE SO

ORANGE YOU FART CHEATO DUST AND

BOEHNER GOES, AT PRESS SEC THE

ETRADE BABY CALLED HE WANTS HIS

HEAD BACK.

SO GIBBS SAYS, AT JOHN BOEHNER

YOU ARE SO ORANGE YOU ARE YOUR

(bleep) LOOKS LIKE A CIRCUS

PEANUT.

IS IS TO WHICH BOEHNER SAYS, I

GET IT I'M ORANGE.

IT MEANS MEAN SPIRITED BUT

NOTHING COMPARED TO THE SWIPE AT

MITCH McCONNELL LOOKS SO MUCH

LIKE A TURTLE IF YOU DRAW HIM

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