Spending Solution?

" Us evidently you don't need of some of it as an obvious -- 87 million jobs and stimulus. Not proud of the part that goes toward job -- wanted to -- nine million dollars awarded just about 37. Billion dollars or C still Harry Reid plans to take up a new jobs -- That could cause billions of Steve Cohen says that we need accounts a very good to have you on the I'm looking at this this chart here we did so and again -- I don't -- even when you are. But we haven't committed a great deal of money only a small fraction which is actually got now. So maybe we should wait to see the rest get out before we commit to more when he."

" Well I think it's it's time to go out over a period of time -- economy's gonna take some time this. Good to really start moving and I know that but I think we need to do is we need to pass the transportation reauthorization bill. That's -- of chairman Oberstar Kimmel -- firm transportation infrastructure committee which -- In which I support to and that would be a secure reauthorization of 500 billion dollar program that could be front loaded. And really put into our infrastructure which helped produce jobs and that would be spending to create jobs but also. In such a way as to as to make infrastructure that will continue to create an -- jobs over the years I think that's more emphasis should be."

" What we've just gotten it wrong cars and what if we we've -- it is great all these jobs and we find that these folks who got. Laid off from from -- or from IB more from GD. They neither have the skills -- the interest -- or maybe even the basic ability to take on some of these highway and bridge construction projects. And and that's the problem finding jobs for these guys. An -- something that would match the talent Bob -- guys."

" Well some of the people who can can be trained and -- that we are proposals to. Help train people for the new economy part of the greening of America his training people for new jobs and finding. New ways to create jobs to make America leader in the 40%."

" You don't -- it on congress and with someone -- let's say a biomedical expert adviser has just lost his job. Or someone who was a top flight engineer a GE and and he lost his job. But what the -- gonna do for those guys it isn't that really what's -- not -- colleagues killed that's. I know but but yeah it neckline of Camelot with a bit over to ten billion dollars into the net and on the ground that part of it I'm telling you that's the problem. I look at these latest and its I -- down and by and large what's going on in corporate America. Is is the issue here and a lot of these folks for whom you think that your. You're finding jobs with a vested interest -- It ain't happening so maybe rather than continuing to dig that hole we put that particular shovel down. And we we -- different approach but if this stimulus isn't doing the job then why doing it all over again is it gonna get any different results."

" I don't think that -- safety Lou which is something we should pass anyway the Senate's slow on an up. The administration has a problem with this well but eventually he get past they wanna do -- extension we've had an extension millions in the in the November. We need to pass that safety -- reauthorization. And that something is spending that we need in this economy for highways for bridges for airports for rail. And to get that spent now in front load it that's not -- this is for the same as put the the stimulus was -- probably not the same thing as what leader -- talking about."

" And I see your -- in congress that economy comes aren't not -- that's my fault but. I wanted Obama CEO right -- went underground -- I'm wondering if if the problem is more basics there. And by that I mean there are a lot of bosses -- realize that their taxes are gonna go up. The regulations on their businesses are gonna go up when it comes to health care of their cost could go up. When it comes to payroll related taxes they will invariably definitely -- And and they're pretty -- aren't sort of numbers crunchers and it sank -- act what I want to hire workers in this environment. Isn't the problem not so much stimulus coming down the -- these problems coming down tight and corporate America is telling you. No must stop it."

" Well you know I understand what you're saying the on your -- and I understand your perspective but I do think. That what we did it was a difficult vote for me and a lot of people do with the car. And with the ARA -- we had this discussion helped stem the loss of jobs kept a lot of over a million jobs -- made about. The the administration and it."

" And you don't you don't mind that you -- you know -- and you don't and yeah. All I do indeed economy lost more than three million homes -- three million job."

" I don't have any millions of jobs we lost we lost the entire economic. Sector of this country in the financial basis this country we didn't pass that -- to save the bank."

" So where you're getting a one man and I'm ready I'm not aware that the one million jobs --"

" Well I that was as a study came out -- 607000. From. From the stimulus spending and -- thousand from the tax cuts you know a third of what we did with the America recover investment act was tax cuts that went to 9596%. Of the American public. They've received tax cuts they've received monies to her fifty dollars to a lot of folks individually Social Security recipients veterans. People railroad pensions and Federer -- what we've done with with monies on unemployment compensation with money from Medicaid but money's on food stamps -- up stimulative."

" We might be right Leo what probably Garcia might Iran a lot of -- but it many times does it get I would give my report part of my parents. And they look at the d.s and on my but I was awful student sometimes close to it but they look at it and say. You know this doesn't look too good. But I say well it could have been next to put -- apps so it sounds to me. Like we're re doing the -- I've been doing this for credit few years congressmen and and we usually had this basic litmus test. -- jobs lost not jobs created or saved not opportunities won or lost just just basic black and white man. And I know what you're saying about things that potentially could have been saying you might Iraq -- in the aggregate we've lost these millions of jobs and and now we're placing our bets. On on stimulus. That that has not done much to reverse. So it's like we're doubling."

" We also have -- We've also done tax credits for creating new jobs I think that's important but it's not happening is I would not creating an --"

" Well with tax credits is the major way that the government can help incentivizing business to do that we just passed some some changes that tax pause. I wanted to give this this is a better situation with the losses they've had a the last five years -- give and take -- and we're trying to help businesses there's so -- get Hawaii's."

" All right we'll kind of arsenal -- because you would have -- doing a lot of but very good -- sir thank you very much. Here you're always very nice and I appreciate the discussion within I don't believe you made any deeds. It's a breakage is there but anyway that that's another topic. Very good having you -- you are you -- have a good --"