October 26th, 2012
07:55 PM ET

On GPS Sunday: Is U.S. economy set for robust revival? And should we be fracking?

"Fareed Zakaria GPS" this Sunday at 10 a.m. and 1 p.m. ET.

Fareed offers his take on the U.S. economy and why it looks poised for a robust revival.

“The International Monetary Fund's latest World Economic Outlook makes for gloomy reading. Growth projections have been revised downward almost everywhere, especially in Europe and the big emerging markets like China,” he notes. “And yet, when looking out over the next four years – and incidentally the next presidential term – the IMF projects that the United States will be the strongest of the world's rich economies.”

Then, a GPS panel on the fiscal road ahead for America includes columnist Joe Klein, economist Ken Rogoff and commentators Amity Shlaes and Chrystia Freeland.

Next, GPS  looks at Mali, which got more references at the last presidential debate than Europe, India and Mexico combined – we’ll explain why this African nation was so important.

GPS will also hear from two British academics who explore money and happiness. And finally, to frack or not to frack – a debate on the pros and cons of this method of extracting natural gas.

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Topics: GPS Show

soundoff (30 Responses)
  1. deniz boro

    What a nice line-up.when IMF is on the werge of giving "one loan for the price of two" or "three-pack" advertisement and nobody is buyıng. That is a lousy marketing strategy anyway since they have a lousy history to refer to. I would have thought they would reform by now. Else they will serve as nothing better than those two esteemed elderly gentlemen of the puppet show.

    October 26, 2012 at 8:54 pm | Reply
  2. 4agr8us

    Is Fareed going to really offer us HIS opinion on Sunday or someone else's that he conveniently "jacked".

    October 27, 2012 at 1:36 pm | Reply
    • Ceci baker

      You must be one of those brainwashed republicans.

      October 29, 2012 at 1:45 am | Reply
  3. ajeetboparai

    i was very frustrated with the US media not reflecting on the positives in these last few months. During the campaign coverage all media was doing is broadcasting without any value add analysis. in fact i wrote of this on my blog on 15th October 2012 http://rightpathusa.blogspot.in/2012/10/PresidentialRace.html
    Finally congratulations to Fareed Zakaria has said what i have been wanting to hear in a long time!

    October 28, 2012 at 8:34 am | Reply
  4. kenneth daniel

    In his opening statement it became obvious that he was 'pimping' for Obama. I know that he kind of leans that way, but I have always thought that he was a 'trusted source'. To say that Obama got a mess which had been created by policy's that he was fixing, from where I stand is beyond the pale.

    October 28, 2012 at 10:11 am | Reply
    • John Ward

      "Pimping for Obama", shows lack of intelligence, narrow-minded ness, and classless. Certainly not qualified to give an educated opinion about Fareed.Zacharia!

      October 28, 2012 at 2:51 pm | Reply
    • Detres

      "Pimping for Obama"? He was giving facts about the economy and published reports. It is a fact that things are better here in the US vs other places in the world. In fact, I would counter that the press has done little to speak about the things that are going well. "Pimping for Obama" sounds like a statement that would come from a lunatic Tea-Partyist!!!!

      October 28, 2012 at 4:40 pm | Reply
    • Willon Tizi

      Kenneth, please no need for such vulgarity. If you don't like it switch the channel.

      October 28, 2012 at 4:56 pm | Reply
    • Ceci baker

      Facts are clear..

      October 29, 2012 at 1:46 am | Reply
  5. city guy1

    Watched the opening campaign speech, but I didn't hear the disclaimer, "I am Barrock Obama and I wrote this speech. I hope that after this election Fareed can leave CNN and get the job as valet for Obama which he seems to covet. There is possibly no one on TV that is more biased and in the tank for Obama as this guy is.

    October 28, 2012 at 10:20 am | Reply
  6. fariba

    There was a mistake in today's GPS show, when Fareed was talking about the number of times different countries were mentioned in the last debate. He mentioned that IRAN was mentioned 47 times when he had the map of IRAQ in the background!!!! IRAN'S map looks very different than that of IRAQ.

    October 28, 2012 at 10:54 am | Reply
  7. Robert Gee

    That opening statement on the economy only lacked the disclaimer, "I'm Barack Obama and I paid for this commercial".
    Wow, that was unreal. Fareed must be worried. Over the past few weeks he has increasingly been pushing for the President.

    October 28, 2012 at 10:55 am | Reply
  8. Mickey Branch

    Concerning Fracturing of gas or oil wells, I can say for sure that there is a danger of water pollution involved. I live in an area (West Texas) where oil and gas wells are the predominant driver of the local economy. Pretty much all of the water tables for drinking water are ruined with contaminants due to the processes of oil and gas production. How much of this would be attributed to fracking is debateable, but the risk is always there because of the neglect of the oil companies to maintain casing on their wells. Though they are supposed to be regulated by the Texas Railroad Commision and EPA, etc., they still fail to find and repair leaks in the protective casing and cement. Why else would these contaminants appear in this area much more than in other areas? If casings are allowed to leak, then why would we expect these companies to ensure us that the packing (or downhole isolating) devises are working correctly?

    October 28, 2012 at 11:10 am | Reply
  9. Jami Lynn

    I I really appreciated hearing something positive, for once. What if everyone started reporting the positive news happening in regards to the economy....we live in a rich and wonderful country, I hate hearing all the negative reporting all the time!

    October 28, 2012 at 11:38 am | Reply
  10. Evan Brown

    Two points:
    1) Re energy storage: While storing electricity is difficult and expensive, storing heat is easy and cheap–it's called insulation.
    2) While natural gas does cut greenhouse gasses in half, it's very difficult to call fracking "green." This is a very disruptive, dirty and road-ruining technology. I suggest that you investigate the history of why the EPA is not protecting the environment when it comes to fracking.

    October 28, 2012 at 12:15 pm | Reply
    • Louis Patyk

      Fracking used to extract oil and gas, good or bad. Fracking has been around for a lonc time 1947 for starters. The method was not the same, walnut shells were used.
      My question is this.
      How many acres of prime farm land will be sacr. in the name of fracking. In my home county in the state of IL over 2000 acres have been converted to sand mineing,
      Holes are being dug in the ground 90 – 100 feet deep.over 4 and five hundred acre in area and there are many.
      That sand is then mixed with water and toxic chem and pumped into the sub strata under massive preasure. that sand is round, like ball bearing. If one wants to move heavy things, bearings make it a lot less difficult.
      One eight of the state of Wis, is now open pit sand mineing..
      Both of these states have a few things in common. They share one of the largest aquifer on the planet and both boarder one of the largest fresh water supplies on the planet. The great lakes.
      When will enough be enough?
      Some here say that he is a shill for our pres. If that means altern. energy sources an gett off of fossile fules is that a bad thing?
      Most of you do remember black snow, acid rain and rivers where the surfacw was littered with condoms and human waste. A time whin air polution was so bad that smog alerts were common and visibilaty would drop to near zero and that was at a time when ac was not common. The air was pure poison.Before some of you make your crazy comments do some home work.
      Most of you sound like kindergarden dropouts

      October 28, 2012 at 6:47 pm | Reply
  11. methodistchick

    Right on Fareed!
    Thank you!

    October 28, 2012 at 1:10 pm | Reply
  12. delltech

    CNN = reelect Obama campaign ads. CNN once my favorite news outlet has become a disgrace. I'm thunderstruck. Why do I continue to watch? Fareed Zakaria I hope you are collecting a paycheck from the Obama campaign. You have not been long back at work long and this is what you have to offer. You should have started the newscast with the words I support Obama and I support this ad. Clue in the audience that you are pulling out all stops to make them see you and the president intellectually in a positive light as you attempt to help him in the closing days of the campaign and get a win.

    October 28, 2012 at 1:25 pm | Reply
  13. bigthaw

    fareeds opening lines on the economy were so obviously biased toward obama....where is the objective reporting????
    not on CNN???....Fareed... Amity on your show had it right......though you cut her off twice!!! the yardstick is NOT the rest of the incompetent, corrupt nations....IT IS.... the historical american past and history of exceptionalism that has led the planet for more than 75 years.....but obviously, sadly, you don't agree with this......honestly..........its really difficult to watch cnn..........

    October 28, 2012 at 1:31 pm | Reply
    • John Ward

      Reality does seem to have a liberal bias.

      October 28, 2012 at 2:54 pm | Reply
  14. sam bull

    VERY disappointed in the fracking interview. while somewhat relieving to hear that it might be possible that fracking has never caused water faucets to light up (alittle hard t believe, but..) of MUCH more concern to me is what was barely mentioned, that SLICK water, and what is REALLY in that water they pump down into the ground. THAT is what concerns me the most about fracking. Anytime you let a chemical company put 'secret' ingredients anywhere, completely unregulated, you will find them dumping all manner of hazardous waste down into that hole, in order to avoid huge fees for trucking it off to a hazmat site. This is what they did (and probably still do) with 'fertilizer'. This should have been addressed more with those two guests. thx.

    October 28, 2012 at 2:07 pm | Reply
  15. Sri Koti

    Fareed, nice discusion on economy and why we are here, especailly when people have short memories! They forgot how bad it was and how far we have came from financial armgeddon! Thanks for presenting balanced views!

    October 28, 2012 at 2:14 pm | Reply
  16. fracking - earthquakes

    I enjoyed your show today as always. However, I was surprised that on the subject of fracking, neither of your guests mentioned reports of possible correlation between fracking and seismic activity. One example, in the state of Arkansas fracking was halted about a year ago after hundreds of earthquakes around the center of fracking in the state were reported. No seismic activity has been reported in the news since the fracking was halted. Studies are on going.

    October 28, 2012 at 2:26 pm | Reply
  17. BIll

    If a report flies in opposition to what you want to be true, it doesn't make it biased. The one thing that has been lacking in this election has been a real sense of context and perspective. I fault the Obama campaign for allowing the Republican party to hammer the economy without really showing voters how things have turned a corner, especially when compared to the rest of the world. The last thing we need is for Romney to win and take credit for all the tough work done by the Fed and Obama during the past four years.

    October 28, 2012 at 4:58 pm | Reply
  18. deniz boro

    Isn't it clearly obvious. A disaster will hit one side of the USA and the other side does not even know or mind. Americans do not realy care for what happens to their citizens leave alone other human kind in the world.

    October 28, 2012 at 7:31 pm | Reply
  19. Fabiola Douby

    It's so obvious that those judging and criticizing the comments Fareed Zaaria are the ones biased. You can't even be happy for the country, as long as something positive happenned under this Administration. What a sad case. I'm sure he had some facts to back it up. Kudos to those whom actually noticed other very important issues were discussed.

    October 29, 2012 at 9:05 am | Reply
  20. Rogoff error: Gas Prices in Europe not 5 times USA

    TEXT AND VIDEO OF THIS SEGMENT MUST BE MADE AVAILABLE NOW. IT IS THE MOST COGENT REFUTATION OF THE SLURS AGAINST THIS ADMINISTRATION AVAILABLE. Most of the haters will not be able to digest this analysis, but the few who are still on the fence should have this resource


    October 29, 2012 at 11:14 am | Reply
  21. Richard

    The 'civil' conversation on fracking was still lacking in specifics. Maybe this was because of a lack of adequate time to seriously address the many, complex issues that this method of extraction raises. Perhaps one full hour on this topic might allow for a more thorough presentation? The IEA, for example, published a report earlier in 2012 which outlined some 'golden rules' that should be followed if fracking is to be done. It estimates that these might add 7% to the cost of drilling. Not a lot but enough to increase the safety of this method of drilling, etc.

    November 1, 2012 at 10:07 am | Reply
  22. Jaker, Dublin

    No...you shouldn't be fracking...for it harms the environment...secondly, no US will not have a revival in their economy, for maybe another 3 to 7 years because...the problem is a "World" one.

    Collective world debt is now heading for 481/2 tr. dollars, it is so bad we'll be in this black hole for near to eternity, the world has to address this soon because the clock is at 5 to 12!

    November 5, 2012 at 10:16 pm | Reply
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