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Lot of folks out there are treading water frankly present Obama will meet many of them on a listening tour of the midwest and about ten days -- would talk to folks are struggling us economy and one of the hardest hit areas of the nation that is.
The midwest what do the governors.
And America's heartland have to say about that we're joined by the Ohio governor Jon Casey.
With me now at a Columbus and sir thank you back for coming back here and appreciate your time.
I think that one of the most being a -- myself being one of the most under reported stories in this nation.
It's how life has changed fundamentally for so many in states like Illinois.
Parts of Pennsylvania.
You might take that the West Virginia parts of Kentucky in the state of Missouri as well.
Where do you go in the midwest today to find good news.
Well bill we have some good news here you know we when -- became governor we have an eight billion dollar budget deficit in work and with -- Colleagues in the legislature we eliminated -- eight billion dollar budget deficit and here's what's interest thing.
While we just saw Minnesota habits -- credit rating downgraded Ohio's.
Credit outlook actually improved S&P moved us from on watch to.
To stable which means that outside forces are beginning to say that.
That Ohio is getting its act together we eliminated our structural deficit and we also cut taxes at the same time.
And eliminated and eight billion dollar deficit at the same time.
We have a cabinet -- very business friendly I mean.
We will do regulation but we will not do regulation and -- careless way.
That -- -- jobs and at the same time we've privatized our development department.
And we are now moving at the speed of business I mean just yesterday it was announced that -- says leaving Georgia -- corporate headquarters to come back to its home in Columbus, Ohio.
We we are starting to see some good things happening not not -- is -- -- on -- -- bill on China to apply a lot of this to a united it's anecdotal but I think it's significant.
Why is Wendy's coming back to Columbus, Ohio.
Because we -- we've met with them early on we told -- what we were all about is an administration.
We allowed them we offered them some incentives that out all the -- -- returned positive for the taxpayers of the state which help them to lower their costs.
But we were engaged with them and we told them we could provide stability bill here's the problem we have.
The problem we have is you've got all these regulations sitting out there once I made and some that have not yet been enacted in it is paralyzing business what we see in Ohio was this.
We see -- some very good things but we also see some very slow things happening in the economy if you talk.
To people who were in the banking business who make loans to people.
They're very concerned about the uncertainty out there and when people are concerned they sit on the sideline think about it.
Company Apple's got more cash on hand in the US government.
In the fact of the matter is businesses are sitting on the sideline because of the possibility of higher taxes more uncertainty and more regulations.
We have to deal with this when we -- when we're dealing with an Ohio we're doing better when they papered over their problems in Minnesota they got hammered I mean it's not complicate.
That you pay -- Kind of a rosy scenario -- -- I know you've gotten great reviews and you -- an office.
The New York Times the Wall Street Journal local newspapers and Ohio they've applauded what you have done.
But on -- -- will still alive but you're able our listeners know just slightly lower than the national average.
If you have some yeah it's to praise -- to -- about governor no.
Hey bill Ohio lost more jobs in the last ten years that every state in America except for Michigan which has the auto problem in California which filled with a bunch a -- -- doodles.
We -- third in losing jobs.
We were in the ditch now I'm not telling you where are run -- a marathon here Ohio I'm just saying.
That I believe that balancing our budget improving our credit being business friendly is helping but you don't dig out of a mess like this overnight.
The question though it's sort of like with the president.
If He would just take a look at what he's been doing which we were doing -- Ohio over regulating over taxing it -- yeah.
If you can deregulate and you can lower the cost of doing business it helps you do you not that complicated but we don't think it's hard -- -- -- I I understand that indeed you do.
Do you think this president is it is keen on that that He would make you pivot like that in going the direction you describe.
And probably not I mean that's why people are nervous about the long term.
It would be fantastic if He would Begin to say that he's -- to freeze.
Some of these some of these regulations and take another look at it it would be fantastic if He would say we would not raise taxes on investment.
It you know -- capital gains or dividends we're gonna we're not gonna you know raise the marginal rates in this country He would save that.
And look that's part of what He did when He extended the bush tax cuts and what happened.
When He got positive He got positive news positive response.
They just haven't done enough by the bill and it's hard for them because they have a different -- they think government is the answer.
Not the problem -- -- governments always a problem but too much of it is not good.
We're gonna hear from him in twenty minutes and we'll see the address than line.
Governor as always thank you.
John K six to go there you go so I get your work cut out for you just like Michigan we do and Indiana and Illinois and Wisconsin all this will be seen by the president of first that -- -- -- not built we're finally had not unlikely optimism and hope you're right thank you governor Allison.
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