You're watching...
Kucinich on America’s Economic Future
Details
-
Description
Departing Congressman Dennis Kucinich (D-OH) tells Alan why he believes that Congress must focus on job creation.
- Duration 9:25
- Date Dec 5, 2012
You're watching...
Departing Congressman Dennis Kucinich (D-OH) tells Alan why he believes that Congress must focus on job creation.
Also in this playlist...
Auto-advance: ON
Auto-advanceThis transcript is automatically generated
-- every half -- and a tour comes to.
And into Ohio and we have all this fiscal cliff talk.
And you are.
And say you're holding a seminar -- -- how this in -- -- some of what happened during the Great Depression.
Yes I mean what you what's happening is you're matching private debt.
And that the economy is slowing down because of that matters you know people have difficulty being able to spend money -- -- -- -- And so what we're talking about doing.
It is sticking in new approach which is to get the government.
To realize that it has to create jobs in the private sector -- only.
And sores -- session -- I was going to say look.
We need to -- not get lured into this.
Looming.
Disaster.
Such a narrative of a looming disaster with the pride would -- public debt.
Look at the private debt.
Help create wealth in this country again get people back to work crime the -- of the economy.
And lift this nation and the economic bill.
Specifics on how we go about doing that.
Well we're going to be talking about -- -- what do they have one of the suggestions.
Of -- -- while now.
Basic -- needs to reclaim its authority.
To be able to -- spend money into circulation for infrastructure rebuilding.
Why in the world -- we have to borrow money from banks.
Go deeper -- to rebuild America meet the two trillion dollars in infrastructure and -- -- currently Aaron -- We need to -- -- the power under article one section eight of the constitution.
Which of framers put in the constitution.
The power -- create money we need to reclaim that power hand.
Enables us to have the money that we need to rebuild America that's really what it's all the money.
The money comes from the same place effect gets the money it creates the money it's -- in the circulation.
And it doesn't mean in and it puts me on to people back to working -- we should be talking about them as well the biggest law.
We're talking about raising taxes we shouldn't be talking about reason to actually we should be talking about creating more players.
What we've got the wrong -- -- here about is creating well.
Getting people back to work -- congress' power put the emphasis and the ability to -- -- the property economy.
And move America away from a condition where we're likely to manufacture -- Actually it's -- and keep you keep the bush tax rates current.
I'm sorry you would keep the bush tax rates.
So close to bush tax rates and being marketed to redistribute the wealth upwards in an accelerated pace that the Smart ended that but at the same time.
We need to understand.
That taxation in this kind country -- -- unions to accelerate the World Cup wouldn't need to come up with they could approach.
Which doesn't emphasize continuing to raise taxes.
And you know because they're talking about not only -- -- and I'm on the wealthiest of Americans.
-- -- -- Raising taxes in the middle class you're cutting -- mortgage deductions.
They're look at.
And -- possibly threaten inheritance tax which were taken a lot of you know clash.
People who who may have coastal properties.
I think that we are looking at a situation where -- debate.
And so the right debate his wealth creation job creation rebuild America.
The talk about raising taxes and that's raced to number taxpayers.
-- we are talking about printing money would not have an inflationary.
Component to it.
Well you use taxation approaches to cool off from overheated economy our problem right now is an inflation problem.
Is looking at -- depression.
From from any people buried area twenty million Americans.
-- elect.
The work that they need to be productive citizens twelve point four million according to -- -- labor statistics but we know that.
There's.
You know it's sixty in ten million.
Who are working part time and what wanna be working full time -- the big problem we have the people are working to -- you know the biggest problem in America isn't that.
We have to worry about.
-- the government's not get the biggest problem is you've got.
Intent and -- of people are not being economically productive we get him back to work that's what my.
-- that -- my whole approach is -- out.
And that's -- wherever Iran debate.
Which -- he with congressman Dennis Kucinich of Ohio.
And here we have a debate going on between.
The GOP that says -- early gonna allow 800 million dollars in in revenue.
You've got a White -- is no deal unless we can.
Get back to the Clinton -- -- in the upper 2% how they ever gonna come together to avoid.
Falling off that fiscal cliff.
Wonderment.
-- -- in -- come together.
But the narrative.
Falling into an -- It is you know is really being used.
To try to -- true.
Option provision that would never that would look at scenario -- circumstance.
So that's you know there's this sense in which this whole thing set -- -- a trap.
For Democrats and Republicans -- it's a -- democrats' -- it.
Did the unthinkable tortured conscience -- security Medicare and Medicaid gonna vote for under any circumstances.
It's a trap for Republicans it's thinking that while you know we have to have higher tax rates well you know I -- I can argued that the bush tax cuts.
Accelerated that well not fortunate to have a revelation -- real announced that.
But -- we're talking about generally tax cuts that would -- on a much broader.
Range of Americans.
And you know I say.
That we've what are we can all debate need to be changed more -- -- -- get more people.
Having a chance to create wealth instead of just accelerate the wealth upwards with tax cuts or with economic policy.
Pitch say that a certain level of unemployment is necessary in the proper function in the economy.
The problem -- -- works instructional employment at its 68%.
That is crazy.
We need to get America back to work.
And right now what you run debate currently in the capital enough and -- -- there.
But you know I I happened I think that.
There's there will kick the can down the road that -- in any resolution there.
And did you go though the next congress is gonna have a nightmare -- apartments and did the debate may still be Iran.
And you -- -- and that congress to have that debate but really have on your side right now.
I think it should if there is an awareness and both sides yeah I'll bet you that what we're doing right now situation to manage the economic affairs in the country.
There -- an -- to trade such a part of the problem that but the Fed's policy part of the problem that.
That the national unemployment part of the problem that tax rates generally not just at the top but generally are part of the problem.
And so you know it's time to have on a discussion about where we're going as a nation that wars part of the problem.
You know -- we we are right now talking about intervening in Syria what is wrong with this country we have wars.
Enough.
We don't have we have so much money that we can blow it all around the world this is madness we have to bring America -- Particular considerable.
Create jobs prime the pump with the economy -- -- its small businesses going again.
And a -- talking about more taxation create the well.
And so that people pay their fair share fine.
But you know we're not doing -- which saw about.
The old debates that are part of and an America that.
If he can become dysfunctional in America that is accelerating the wealth upwards in America that is not -- -- states of America that.
There's losing its liberties as we.
-- -- which you know war and a national security.
State infrastructure.
What are your plans after you're finished serving the storm.
I am focused on everything between now and January 2 when my term ends.
I'm not thinking about me up and about me -- January 3 trip.
But surely have some idea what you might wanna do I need your voice is an important one country one still be in the public arena expressed -- -- your expressing up.
You know I will tell you this now though I mean -- figure -- something but I I've never.
I I have been working assiduously ever since.
You know I knew that it would be back in this congress and I -- use every moment being remembered cash emerged.
And you know what whatever happens after January 3 I think about it then but -- -- that.
I'm really not make any plans because I'm planning on being a congressmen and or second.
They're -- we have Ron Paul on last week and we talked about the relationship you two haven't he's leaving as well what if there -- things you -- can do together.
To move the country forward even though you both won't be serving in congress after the storm.
-- and our good friends we stood side by side and I'm international oil policy questions in opposing wars -- opposing interventions in.
Opposing the bill that the -- opposing the buildup of of a national security state which reaches deeply into people's personal difference.
And challenging the working in the fact I mean the Bob -- I have they have you know been partners -- these things in regard across the political divide an improvement.
It is possible to have a bipartisan approach -- Americans care about.
Congressman I wish you the very best hope he keep the dialogue going even post your congressional career release -- in terms of this incarnation I appreciate -- and he was all.
Means a lot to be on your show thanks so much thanks congressman Condit -- Dennis Kucinich.