(Source: NBC’s Meet the Press)
MR. GREGORY: We’re back. King Abdullah of Jordan spent the last week here in Washington with a full agenda: meeting with the president, the secretary of state, congressional leaders and a full military arrival ceremony at the Pentagon. Before returning to Jordan on Friday, he stopped here at MEET THE PRESS for an exclusive interview.
Your Majesty, welcome back to MEET THE PRESS.
KING ABDULLAH II: Thank you very much.
MR. GREGORY: President Obama is now the third U.S. president that you have worked with. You spent time with him this week and even during the campaign. Tell me your impressions here as he comes upon 100 days in office?
KING ABDULLAH II: Well, I–from I think day one that I, I, I met him, a very impressive man. A lot of depth. A lot of, I think, instinctive understanding of the challenges that the world faces. And obviously I’m here in Washington to talk about relaunching negotiations between Israelis and Palestinians, and Israelis and Arabs, and we had a meeting of the minds, very fruitful discussions. And I think he has a clear understanding of, of what the challenges are.
(Source: Meet the Press)
MR. GREGORY: … But first, here live is Treasury Secretary Timothy Geithner.
Welcome to MEET THE PRESS.
SEC’Y GEITHNER: Thank you, David. Good to be here.
MR. GREGORY: Thank you. I want to start with some basic terms here. Can you explain as simply as you can why increasing bank lending is so important to the economy?
SEC’Y GEITHNER: Absolutely, David. Economies require banks because they require credit. Credit is like the blood, it’s like the oxygen of any economy. And for us to get the economy growing again, we need to make sure there’s going to be credit available to businesses and families across the country so that businesses can meet payroll, so that they can expand, so that families can put their kids through college, can borrow to finance purchase of a car or a new house. That’s, that’s why financial systems matter, and there is now way to get this economy back on track unless we have a financial system that’s working with the recovery rather than against recovery.
(Source: NBC News’ Meet the Press)
MR. GREGORY: Senator McCain, welcome back to MEET THE PRESS.
SEN. JOHN McCAIN (R-AZ): Thanks, David.
MR. GREGORY: Very, very nice to have you here.
SEN. McCAIN: Nice to be back.
MR. GREGORY: You just heard Secretary Geithner. What’s your level of confidence in him?
SEN. McCAIN: Well, I have some confidence in him. I think he’s very smart. And I hope that this new plan–which, by the way, I thought was well-described…
MR. GREGORY: Good.
SEN. McCAIN: …earlier–will work. My preference would have been to go in and, you know, with stress testing these banks and go ahead and sell off the–take the toxic assets and sell them off, and then let the good asset banks continue. But this proposal, I hope it works. We all want it to work. But what I’m most worried about is laying a debt on future generations of Americans. The, the multitrillion-dollar debts, unprecedented debts that we are–we are committing generational theft. I’m confident that the economy will recover. The question is after it recovers, what kind of a debt are we going to carry which will cause us to print money, inflation, and go through a worse wringing out than we went in the late 1970s and early ’80s?