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Manufacturing group calls jobs report 'pathetic'

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    National Association of Manufacturers CEO Jay Timmons weighs in

  • Duration 4:09
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-- manufacturing group calling today's jobs and jobs numbers pathetic.

Only 25000 manufacturing jobs added last month that's a modest improvement over the prior month.

The president meantime holding.

128.

Campaign related events this year but meeting with his jobs council.

Just one time is that the problem.

Jay Timmons is the CEO of the national association of manufactures thank you for joining us are.

Manufacturing is -- there big big talking point it's very extremely important to the American economy what is the state of manufacturing in America.

To date right now.

Well it's a little uncertain -- unfortunately you're exactly right everybody's talking about manufacturing.

Doesn't matter if -- Republican if your Democrat if you're an independent.

Everybody wants manufacturing to succeed because they understand.

Strong manufacturing sector drives the economy grows the economy.

And creates jobs what happens what what changed what moves the needle on the manufacturing surveys the -- and the -- index although.

All the various index is what makes echo what what makes things better.

You know that is a perfect question.

We we survey manufacturers for industry week -- recorder.

Two thirds of manufacturers right now say that the economy the future economy is really their biggest concern and it's because.

We have a 20%.

Cost disadvantage in this country when it comes to manufacturing United States vs anywhere else and that's because of our tax policy.

It's because of our regulatory policy it's because of our energy policy among others.

So until we drive that cost down.

And we eliminate the uncertainty -- -- looming at the end of this year because of the fiscal abyss with tax increases and defense sequestration.

Manufacturers are very reluctant to invest and grow their businesses here in this country -- -- -- -- I'm very concerned about -- -- President Obama appointed Jeffrey -- head of his jobs council.

In the time that he's been able to have a 126 fund raisers or or campaign events.

He's been able to make time for wind jobs council meeting is that a concern to you as head of manufacturing.

Group.

You know I have to tell you that Jeff Immelt and that entire council did a fantastic job listening to businesses and manufacturers all across the country.

And they produced a report that that outlined several steps toward economic recovery.

But I think the real issue is that us.

Whoever the president says whoever occupies the halls of congress they have to get serious about reducing -- -- -- percent cost disadvantage for manufacturers in this country.

If they truly want to see manufacturing succeed and thrive here in the United States and create the jobs that we know manufacturing can create.

If they have the right economic conditions to do so I gonna get the sir -- regulation and only about half -- -- -- -- just tell me what.

Can we be -- for manufacturing powerhouse again we were that we don't know -- went overseas is it is -- are we still.

We absolutely are -- are responsible for 15 of the world's output manufacturing output we want to grow that number.

And we can grow that number again as long as we have the right policies and we need candidates regardless of political party.

To stand up and say what they'll do with regard to taxes and regulation we'll talk about that how -- taxes and regulation.

What repatriating some of this money and -- them -- ascended to stretch a segment a little bit up.

Who would you be in favor of dropping the repatriation tax down to zero and maybe bring some of that money back that would help ya wouldn't it.

Well you know I think you have to look at what's possible and -- congress regardless of who controls it certainly bringing back those two trillion dollars that are simply staying offshore because our current policy.

Basically double taxes that money if we bring that money back to this country and allowed to be invested here.

And -- where you create the -- regulatory environment to do so of course we create.

More jobs we create to more manufacturing opportunities are we leave it there but one of the public plans that I had floated a lot of DC lawmakers agree with it.

Bring it back tax free they save 25% of the money.

Make sure that people like you see some of that in the form of capital investment won't disagree with -- I got to leave it there are surrogates in -- you so much thanks there.

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