Government Gone Wild

" Through."

" Now for our government gone -- segment of the seven or 87 billion dollar stimulus package so far about one -- sixteen billion it has been spent. Now as you know the point of the stimulus bill was to create jobs. And yet the unemployment numbers are bleak that were all very disappointed unemployment stands -- nine point 8%. But tonight we know part of the reason why join us live is Steve Moore senior economic -- Wall street journal editorial page and Steve Jobs and numbers still extraordinarily. Disappointing you know I don't know what is still the stimulus is gonna -- Erica would ever work but anyway what what's went out with a jobs."

" Respond -- such a thrill to be able to follow Whoopi Goldberg have a -- segment you just that I really enjoyed it. Hey look I think what's going on right now -- this job market is you've got Washington. And congress that are sort of that war was small businesses with -- from doors and with Fiat. Free enterprise system and it's really clear to me that almost everything that this progress has done. In the last year has been -- style and actually sad first to job creation I'm thinking about things like -- in these were by the way Greta mentioned in The Wall Street Journal article by businesses. That they're very uncertain about the economic future because of the cap and trade bill that's making its way through congress the health care bill that has all these new taxes on businesses they're worried about the death. They're worried about these taxes that come in 2000 a lot of I can't think point to a single thing that we've got a Washington that's helping small businesses create jobs and as the White House said last week they've only created 30000 jobs with this stimulus bill through the federal contracts."

" Quit feeling okay in the present level one real action. And he in the democratic congress they got their -- with a 787. Billion. The point was to stimulate jobs will only have 30000. Jobs now according to there -- web site. We are now -- the six or seven months into at what point. Do they cry uncle and say this isn't working we've got to sort of redirect this have got to figure out something we've got liberate small business -- that's a solution so they hire people because. -- this is. Yeah it's it's not everybody has a job but almost 10% of the country people who want jobs who don't have them."

" Yeah there's a lot panic going out right now on Capitol Hill and in the White House because he's employment numbers keep getting tragically worse each month. -- and then there's a sense that things are getting better and what our story in the journal. Pointed out today is the us companies are making profits we're seeing a better stock market which I'm all in favor of Iman ambassador as you our most people were watching the show -- The problem is that companies are making -- profits by downsizing by cutting their costs by laying off workers. And normally at this stage in the business cycle -- see businesses start the higher again if they feel more optimistic about the future and about its increased demand for their product that's just not happening right now."

" Which -- limit which is even more disturbing and more frightening if this is -- learning that by doing this downsizing and they're making more money. There is no hope for this almost 10% people unemployed so how how do you what -- what's the recipe to reverse this because this is this is the we we can't play -- we can't sit and wait."

" Much longer. While that's a good question Greta first of all I would cancel the rest of the stimulus the stimulus plan. Is a complete disaster it has not worked to create jobs. The White House should admit that this was a very expensive mistake. And that we ought to use the money that we're not gonna spend on all of these. Outrageous spending programs like giving money to acorn then use that money to invest in tax cuts for businesses. Two thirds of jobs created in this economy. And we know this from the last thirty or forty years of evidence they come from entrepreneurs they come from most small businesses that you were talking about -- That right now small businesses are so fearful of what's happening in Washington they are and in no mood to add to their payrolls in the you know. The other problem to that's is that a lot of these businesses they have a lot of part time workers and we've talked about that's now what's gonna happen as as they start to expand I think the economy is getting a little batter. They're not gonna hire more workers they're just gonna give more workers to these part time workers so people without jobs they're facing a very bleak situation over the next six months -- my opinion. We'll send in that the floor at tourist than than my -- cooked which is even worse anyway Steve thank you just terrible."