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And welcome to FOX News Sunday panel plus -- Brit Hume Kirsten Powers Kimberly cross sell and jobs colony and you may wonder what does that that we talk about during the commercials what we were having quite a debate.
About the issue did that the president seems to -- there's a distinction between creating profits creating value to investors.
And creating jobs Brit does not seem to think there's such a distinction so we're gonna how about it on panel -- so.
Brett make your cat's case is simply this jobs -- a byproduct of efforts to create wealth.
I'm just at long -- been reading Steven Jobs biography -- Walter Isaacson wonderful book.
And there comes a point in -- book -- jobs must open all these apple stores well members of the board that it was crazy it was and it was crazy idea and so forth.
We thought was a great idea to be a great way to market their products.
And so they tried and it worked like crazy in the examples -- have been a stupendous success all kinds of people now work in those apple stores not Steven Jobs wasn't -- Let's open all these stories so that we can hire people know.
Basically his idealist who let's open all these stores that we can market and sell our products and make and thereby make more than -- make more money.
Jobs -- about products and wealth creation is it is absolutely essential to job creation without it you don't have job creation.
-- look let me just ask the question -- -- have -- -- -- be -- the president's former chief economic advisor last week.
It is there any CEO I mean that they wouldn't say -- -- regard to the head of GM board or apple or any thing.
But they would say my job is to create value my job is to return.
Profits to my shareholders.
Now.
If I do that I'm gonna expand the business and create more jobs but might I'm not there is a public welfare agency -- public works front.
Right and I -- anybody disagrees with that promise it's the difference between.
Putting a couple million dollars into a company and then to -- being one of many investors and a company like staples and then taking credit for jobs in 2010.
You know.
That you had nothing to do it that's the point that -- that he is.
It's like I buy stock in Microsoft and they create jobs that Microsoft no I mean he's -- the -- -- private equity is yes to create while.
That's not a problem I don't -- probably want that that's just what they're doing -- creating wealth for themselves.
The company is this is a separate issue with the people who created and they know the people he did not gotten -- yeah into the -- exactly WW.
Why did he didn't like staples but he had won a lot of companies what Vickie Guerrero and then also could lose jobs you know this is listeners that there are quite happy I got out of that doesn't mean.
I got -- -- when they go win.
To invest in a company they're not going into thinking all this company's gonna go bankrupt and where they're going in because they think it'll be a good investment.
That they'll either be able to to manage it -- -- -- was up means losing some jobs as a -- Casey General Motors and Chris.
Solace turns around it in investment company tomorrow would you bar around telling people that you created jobs or would you tell W invested money a company that's what he's dead.
He's he's not in recent -- actually got -- because I private equity they take over companies but do you want to think -- is -- No they don't they managed companies -- Anna staples.
To it don't stand and staples but yeah I do manage a budget and they did manage for instance that steel company.
It Indiana.
They -- -- it allows there's not old enough credit hours and it came at a point if he takes responsibility for jobs created to staples he did not run company and he takes responsibility for jobs in -- and you just when he -- yeah.
Yeah but we also disclosed that -- the whole Bain Solyndra sort of comparison here.
We know what happens when you decide you're gonna -- what in your only goal is to create jobs okay so the president went and and I think the last numbers that we have -- he decided he was gonna.
Put all this money into green technology and nobody likes of products the products are really expensive you can't -- anyone -- -- and nobody was investing in these companies anyway.
But it presents as well we're gonna do because -- a good policy goal.
And we're gonna create jobs so the last numbers we had last year in Washington Post -- stories in nineteen billion dollars in loan guarantees so far he created 3500.
-- What does that work -- to purge I mean that's what happens when your only goal is not to create wealth your goal is to the -- policy objective.
And to create a good job and there was so much to create jobs was to bulletin -- -- he said it was -- -- -- mean this was.
This was the way they could help glee just -- -- -- line -- line -- money Anthony creating green jobs opens so.
Sort this out for especially this is -- but now.
At the end of the day this is.
Very much the sort of of course one of this campaign is playing out on but this is -- and academic discussion.
How people are and it's important academic discussion of how people are -- and this is very much.
In their own personal view of the world -- if someone so -- economic circumstances.
In Ohio in Indiana in Michigan -- -- -- I don't think they're really focused on what.
Mitt Romney did it being capital they create jobs would not think people are looking at this.
As an argue an argument of fairness the Obama campaign is trying to say look Mitt Romney is not going to give you a fair deal if he's president he's not gonna give you a fair deal.
The Romney campaign is saying look nice guy.
Not up to the job so all of this discussion.
I think has been a lot further classroom where the Sunday -- -- Voters not as concerned about me.
-- you -- not because because there was a poll of the Washington Post this week than they asked.
Middle class people who are struggling financially and they might lose their jobs know people -- lost their jobs.
And by an overwhelming middle class whites 58% to 32 -- side with Romney over Obama so they do seem to be buying this argument that.
He has a better idea how to create jobs and how to boost the economy.
Because they think that their lives have not improved.
Under the about it -- Obama -- the work -- think that that.
That there are circumstances have not improved so I'm not sure that they are it's my point is an accident they are exactly like focused on the nuances if he -- out.
And I don't let this thing has -- it does it work but it does a confidence in the president of this debate -- to the list -- I don't -- just focusing on me because what it does is again -- suggests as -- says he doesn't understand how jobs are created.
And he also takes away time from him and what is he going to do this as wanna take one more -- this.
-- gonna last hurting my point is that when you look at where they lost jobs because there were companies that lost jobs that's the Obama -- -- Romney's complain about it and our company's investment.
That game's not the point is some private equity people they don't care which happens that's wrong no it didn't not -- -- that they wish they can't win their money on them.
Don't have a -- they don't care whether a company succeeds or fails they investment money and they make money off of that that's their primary concern you -- you cannot not accompany our current and coming any minute you -- is stepping up -- -- didn't have an -- he can make quick money and I -- -- -- business well we've.
The show cleared up I mean I guess.
-- -- -- -- -- -- -- -- Thank you can give us your ideas about this -- and what does throughout the week.
And look for my Monday edition of Wallace some plywood to confront right here at fox and is -- a dot com we'll see you back here.
