Fox News
Expand
Browse All Video
Watch Live

You're watching...

Does Obama really believe the private sector is 'fine'?

Details

  • Description

    Sen. Ron Johnson reacts to controversial comment

  • Duration 4:53
  • Date

Clips

Also in this playlist...

Editor's Picks

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

-- President Obama -- to make a sales pitch on his plans for America's economic future.

That will happen in a speech is getting -- done on Thursday.

He is expected to redefine.

A bet this controversial comment that he made about the health of the private sector.

The truth of the matter is that.

As I said we've created.

Four point three million jobs over the last 227.

Months.

Over 800000.

Just this year alone.

The private sector's doing.

On.

-- -- Controversial statement and a lot of discussion has followed it.

I'm joined now by Wisconsin Republican Ron Johnson who's a member of the senate appropriations and Budget Committee senator welcome good to have you here.

-- -- I don't I'm Dan grades did you expect that on Thursday the president will walk that back at all or is he gonna leave that on the table and will not.

But he already tried to walk it back but you market it really wasn't -- gaffe.

And yet I think the president suggesting the private sector is doing okay.

And his entire approach since he entered office was to grow the government sector.

Of our economy he really thinks that the government produces I guess long term self sustaining jobs.

If our truth is 800 billion dollar stimulus would -- -- those jobs and we would be sitting here with eight point 2% unemployment which really.

If you factor in the morning half million Americans have lost hope and dropped out of the labor force that numbers closer to 11% so in fact the matter -- The private sector is not doing fine when you get rid of regulations we need to enact pro growth tax reform.

We need -- -- during the productive sector the private sector of our of our economy not the government sector.

If it I think -- big question right now is whether or not the president is going just sort of launch a new front in his economic argument to the American people.

Is he going to try to come forward with something fresh and new or -- gonna go back to the jobs bill.

That has been mentioned in recent interviews in recent statements having -- he claims that it would have produced a million jobs in this country if only congress had gotten on board he blames you guys.

-- -- -- -- President Obama only has one playbook and it is deficit spending mean he's he's he's spent over five trillion dollars that we don't have.

They'll borrow that money put that burden -- -- our children grandchildren.

And directing that toward government so that's the only thing he knows -- he is and has no experience in the private sector.

I don't believe he understands how the prime sector -- he has no respect for it.

I think the point I've been trying to make too is just an attitude change -- stats are -- governor governor the -- Dawson said Wisconsin's open for business.

If we -- new leadership in this country -- that you know what.

America's open for business we want to see people succeed we want businesses to succeed so we can grow and create jobs.

That's how we get ourselves out of this financial mess is by growing our economy.

The president does not understand that he wants through government.

Mitt Romney fully understands that because he has experience the private sector and he's an optimist and attitude to make a big difference.

-- -- and obviously very supportive.

His candidacy but you know it when you look at the president you wonder what goes not in the discussion in the room when they talk about -- speech on Thursday.

And there has been some reporting that there are factions of his advisors who would like in the sort of re launched economic effort to have a new idea to have a new slogan and whatever it takes to put to get behind that -- -- and perhaps that would be something -- alliance.

Of getting America working again you know bringing the private sector the public sector as sort of -- into partnership.

You know kind of a morning in America.

Way of approaching -- I mean.

-- -- do you think that's likely that we'll see sort of a new rash.

Out -- edge of attack so to speak coming from his side and what what would that addicted to the Republican argument.

Unfortunate I don't think it's likely but I love to see it you know the president would say hey let's build the keystone XL pipeline.

Let's rein in the regulatory agencies who we can reduce the regulatory burden.

-- job creators let's actually work with members in congress -- want to put forward.

Pro growth tax reform to get you Republicans realize we want to increase revenue federal government -- we want to do with the old fashioned way by growing our economy.

-- what we're never gonna close our deficit gap by having revenue B 50% of GP.

We need to get a backup to 18% but we do that by creating jobs so -- have more tax payers.

Making business more successful so they're more profitable so they pay more taxes that's -- you do this not by increasing tax rates not by bill fine.

You know the private sector and -- -- -- -- Pilot got tax cuts expiring and spending cuts that will be kicking at the end of the year in a lot of people are saying I'll bring -- to -- fiscal cliff.

I wouldn't be surprised -- said the administration comes up with some new ideas we'll see what they do on Thursday senator Johnson thank you I was in the -- every --

Load More