Rep. Kucinich: We need to rebuild infrastructure
Ohio congressman on spending crisis, economy
- Duration 5:40
- Date Jun 14, 2012
Ohio congressman on spending crisis, economy
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-- President Obama today delivering that economic speech in the same exact spot as the governor pointed out where Bill Clinton delivered a campaign speech two years ago -- at the time.
The former president was saying this we found a big goal.
That we did not days we didn't get it killed and 21 months but at least we quit digging -- -- to -- years if it doesn't work.
Vote us out now.
The president president.
Is asking for more time and Ohio democratic congress and Dennis Kucinich says he deserves.
Congress have been have you.
Good to be here with you you know -- oddity is though truth be told he didn't stopped it right he kept taking.
Well you know -- let's look at where we're at right now.
We have a level of unemployment that is unacceptable we've got to get America back to work -- we can't really land of banks to save us.
Government is going to have to spend money to prime the pump for the academy -- but it hasn't -- want to do.
Well wait a minute we haven't really done it -- sufficient -- numbers.
It was just -- -- -- billion dollar stimulus if you include rescues and read dancer and his friends I don't know I got a dead.
So I'll have a ring with a great job.
That -- not saying that just got a -- infrastructure jobs.
We've got a double down the greatest -- structure jobs this is why I've proposed that the government take back the authority that he gave to the Fed a hundred years ago.
And be able to invest in our economy -- create millions of jobs putting America back to work why actually have to borrow money from China to rebuild America why so we have to borrow money from banks when banks basically.
Are holding front line -- well it's giving them.
And you when you have more stimulus congress and as you know.
You that you are borrowing because we don't have the money you just planning -- which effectively means we are getting it from China to do this very thing is I don't know -- -- very limited results.
Now this is -- talking about a different.
Monetary policy which creates the money debt free we have the power to do that it's constitutionally -- -- -- The fly away from that that and the money that they get you would put into your hands congress' hands.
And and they they would spend this money riding -- -- deeper into debt finance and in the end by the same -- you're worried about now.
Look at the constitution of the United States article one section -- This is tied for -- this is a teachable moment because under the constitution.
Congress has the power to corner create money.
That's in the constitution that's what the founders wanted the Fed appropriated that a hundred years ago when I'm saying as if we -- -- rebuild America's economy.
Let's not wait for the banks to save us let's re claim the essential -- the government asked.
And then you could lower taxes nearly.
Reason you don't want to say I'm gonna do so -- -- I don't care where you're getting the money I just don't wanna pour good money after bad.
I don't want to get the same results just doubling down.
I think that the the reality is that -- all the stimulus -- all our efforts with all the good intentions.
We have squat to show -- we're doing -- point 2% unemployment rate.
You could talk about some of the jobs -- -- this time that you and I both know that job momentum has -- We're seeing retail sales in reverse received factory orders reversed and the very real that ever but the recession now.
And now you're telling -- of the only way out of it is to do we did before the put it on steroids I don't.
-- no no no no no I'm not saying we have to do insufficient detail as we need something on the scale of a new WPA we need to rebuild America's infrastructure that's an investors for businesses while I might add.
There's millions of people could be picked Federer broke back to work congressman -- That's what I'm saying you -- -- the power to be able to issue the money instead of having to do it through the Fed which isn't doing it.
Well I play as fast I'm not saying you you might not -- -- -- something out of it well and ask YouTube executives argued because I'm saying who regardless of where we get the money.
I don't care whether or get a personally from you know or for many the people in that building behind you.
If you know that you would -- a trajectory where whenever money you're spending your wasting you stopped it right.
-- -- -- -- -- Listen to this the Club for Growth gave me a very high -- I know it's like unbelievable but I was one of the top Democrats is going against.
These amendments that would really waste money guess I'm not for -- and unity -- but I'm -- -- guys stranded.
But you're also a lovely man but a nice evening and I'll tell you -- because until I'm telling us -- -- -- -- I have not asked them I'm dissent.
If we if the government has failed spending taxpayers' money.
Why not go on a lark and say all right it's your money taxpayers.
You have that lets see what they haven't really tried it sufficiently the private sector isn't creating enough not to -- we haven't -- -- officially give its americans' right.
Because don't you find it odd that every time you're up against the wall here.
Even this president will say well maybe we can do payroll tax and now my -- things up middle amazingly -- trillion dollars in profits at 35% taxes are what what ever it -- I'm just telling you why don't you open yourself to the idea that Americans with that money might do a better job than you -- -- if you don't have a job you don't have the money that's the problem and we'll also put that put all the people who -- -- -- the job.
And you give them the release.
-- he -- provide the opportunities that the government hasn't provided for those who don't.
We may have -- ten million people out of work and maybe -- a minimum number is even larger than that.
We we have a a level of structural unemployment that is.
I was you know it's it's unacceptable.
To a democracy so to the president needs to address that.
And if he addresses it in -- way that that puts millions of people back to work I'm gonna support of these -- I didn't have blackjack player you're doubling down -- did you come up but a better man.
But your other guys that -- well we'll have a -- black -- sometime and see how we do have -- -- to make you go finish and have food as an incentive you're on.
On thank you congress and -- -- -- Thanks a lot -- just got done -- though.