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Obama to meet with CEOs about jobs

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    Are business leaders in mood to talk?

  • Duration 3:26
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-- it's -- about jobs voters keep saying get in exit polls the president hearing it loud and clear.

He's spending Super Tuesday night with some business leaders lots of factors not this business leader TJ Rogers is CEO of Cypress Semiconductor -- -- a feeling you do that a viewer there.

It might not be such a genteel discussion but what would you tell and if you were there.

If you want more jobs in the US simply make the US more hospitable place to employ people.

In companies will follow suit by doing what's best for their shareholders in the hiring employees here it's it's very simple really.

So when you -- more hospitable what does he have to do.

Well we have the third highest corporate tax rate.

In the world and you can go virtually any place in the world and put up a plant and -- Get a lower tax rate -- at the very same time American companies suffer high tech straight.

We keep listening to the rhetoric about how were under tax -- not paying their fair share and blah blah blah and it's it is.

-- you know it's just counterproductive.

Meanwhile I have to run the company and every six months to year I have to make a decision to put a plant here shut down something there.

And I always make that decision as I'm bound to do you in the best interest of our shareholders.

Now the president will argue that when guys like you.

Hire a broader open plants abroad at the expense of American jobs here you're not doing anyone any good would Woody's.

Well you know you can make a lot of obviously it arguments that -- right.

We have about 3500 employees and about half of -- in the US that I can tell you for a fact.

That if we did not have our offshore employees who yes -- you're tired because there.

I'm more economical we did not ever -- employees.

Are our.

17100 Americans wouldn't have a job companies are our international now and then a mixture of people.

And you can't just bring stuff back and forth because you're competing against other companies and if you're not competitive relative to them.

Including the Korean -- in the Japanese -- in the Chinese ones.

He'll go out of business and there won't be any jobs.

You know we just got news today speaking of which seated -- China might be slowing down now.

We would dream of of them of the GDP like what what what they're talking about now but nevertheless it is coming off its -- I think.

Earlier talk of a 9% growth more like high six is 7% growth still enviable but not what it -- what do you think happens if China.

Really slows down markedly them.

Well first of all I think -- high growth rate because they're the greatest customer in the world that's us and we buy their stuff and then the good it's a good deal for us because the stuff they make for us.

It's very economically price and all Americans are better off -- had it.

They don't want us to slow down for sure how we viewing them as the enemy that's wrong they make stuff for us.

What happens if they slow down.

The -- right he raises all boats in the fact is when the United States sneezes the whole world gets a cold.

China is -- the second largest aggregate economy in the world.

And -- they started having problems it's gonna hurt us so.

We we want all the economies and all the countries in the world to do well including Greece.

All right TJ it's always a pleasure thank you very much -- EO of Cypress Semiconductor in San Jose TJ Rogers.

And if you just call -- as it -- what.

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