More 'investment' needed to promote job creation?
Reaction from former Rep. Dennis Kucinich
- Duration 3:58
- Date Feb 1, 2013
Reaction from former Rep. Dennis Kucinich
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The White House reaction today's jobs report is this the president's economic advisors today saying.
Are needed to promote job creation as part of the game plan.
Is more spending the answer here former Ohio democratic congressman Fox News contributor now -- -- finished.
Think so so congressmen.
And spend it where.
Well first of we can't be talking about more taxes we have to be talking about creating more taxpayers.
We need a full employment economy that's the big idea that the -- that the country needs right now.
And as far as -- cutting spending we have to be aware that if we start cutting spending significantly.
They've GDP which is already slowing down is going to.
Make and even worse.
Parents and we're rendered we're gonna end up in to -- moving towards a recession.
So why do you think though that more spending now at this time in this economy will produce better results than it has in the last several years.
Well first of all what kind of we're kind of spending are we talking about.
We understand and I can see there's a lot of waste in government.
With a waist usually deals in capital intensive standing not in labor intensive we need to get America back to work.
With seven point 9% unemployment is actually higher than that because as your previous guess that people would stop looking for work -- get discouraged.
To get America back to -- rebuild America's infrastructure -- China has only half the unemployment rate there we have because they're building or infrastructure so let's talk let's talk directly -- a bargain shoppers out there.
I can't think I'm one of them I like to know what I'm getting from my money.
Still -- and invest in.
In the actual.
How much money -- get -- how many jobs like is there a way to say okay we're gonna spend ten million dollars and that's gonna get us a hundred jobs what what was that like what.
It's already been proven that if you invest in rebuilding infrastructure you create tens of thousands of jobs are based on you know -- -- money that you spend.
I think it's for every billion dollars spent.
We we need -- -- billion dollars in America so billion dollar spent we get us several.
Tens of thousand I don't know the exact the exact number is something I don't have them I think I don't tell you -- NX and rebuild America's infrastructure you put America back to work but the reason I -- and that's our investment business good reason why that's important is because you -- be held accountable for our own investments right so we don't really now.
How many jobs we get for how much money we spend that and how is that a good idea right.
What well I think the I I as I said I think the measures actually -- phone number on I think it's 30000 got a 30000 jobs reach billion invested.
But I'll check and and get back you.
The point is this that we have to get America back to work.
And investment in infrastructure is an investment business.
And when a public private partnership we need tax incentives for businesses to create jobs and we also need investment by the private sector and together we move the economy forward.
Get America back to work and start to create wealth instead of looking at austerity which is not.
What America should ever be about I think a billion dollars for 30000 jobs make sense.
Look are you kidding I mean it kind of waste that we've had where we've blown money.
I'm wars and things that haven't created any jobs we need some productive spending you get America back to work.
-- -- -- next congressman because now they have time a little perspective away from DC EC both of these sides one believes in government spending one doesn't.
How do we figure this out.
Well first of all the Democrats and Republicans have to work together in the interest of the American people.
We see that they're seven point 9% unemployment right now that's not acceptable.
That's a clear example that the policies of the Fed had failed and I think Democrats or Republicans should be able to agree on that.
What we need to do is to move America forward and commit to getting everybody back to work.
Every able bodied Americans should have a job and either the -- the private sector and if we come to an agreement on that as a national policy.
We'll move in the direction of devil we don't have an agreement on that would accept an unemployment.
Congressman thanks CEO appreciated as an issue has been chatting on ferries have -- -- tagged with that.