Page 149 - Infrastructure Program News Today

Congress to put up money for another infrastructure program. so cooperative efforts between business and government, private sector and universities, that type of thing -- bill clinton is talking about this -- which takes time and can work. but the notion he will have another big infrastructure program through this congress is a pipe dream. >> thats too bad. thank you both for coming on. coming up, the dueling responses from the gop. mark rubio and paul for the tea party. this is "hardball." [ f...

Infrastructure program in the united states over the next couple of years, we do two things. we employ a lot of people and good-paying jobs and near term very low growth. over the median term it helps to protect us and make sure we have the competitive position we need to benefit from the emerging economies in their growth as the emerging middle class in dhichi asia, india and elsewhere comes on stream in 2025. we want to sell into asia. >> all right, jay, thank you for joining us. up next, a li...

>> yeah, theres no question. with this election the pen dell lum has begun to swing back and people are realizing that government is not the enemy. its not the solution to all of our problems but its not the enemy and can be very important to help people who are vulnerable and have lost their jobs, people who have no way of feeding their families and an opportunity to create jobs and develop an infrastructure program that will bring millions of americans back to work. so, yeah, i think the pende...

Operated, thats fine, whatever it is, and its not yielded the fruit you thought, then youre saying, well, maybe would have better results if we give them more money. i would say no. >> well, neil, we havent spent money on the scale its needed first of all. >> neil: if a trillion doesnt cut it, what would? >> we need a 3 trillion dollar infrastructure program to-- >> triple what weve already spent? >> absolutely, you ask the american engineering societies and the people who study this thing, amer...

not the best of weeks for the romney campaign. it was already under fire from friendly sources as not ready for primetime when a senior adviser said that obama care is fine for when buying insurance is a penalty, not a tax. a big oops in the political world because the republicans have used the supreme court decision to say it is a tax. reset. >> the supreme court said it is a tax, didnt they. so its a tax, of course. >> too late for the conservative "wall street journal" who blistered...

mark zandi, and also dana bash. >> if we are going to succeed, we have to face the problems squarely. >> and bill bradley on how to fix a broken washington and what we can all do better. im candy crowley and this is "state of the union." not the best of weeks for the romney campaign. it was under fire for sources as not ready for prime time when a senior adviser said that obama care is fine for when buying insurance is not a penalty and a tax. a big oops in the republican world world...

>> what should government be doing? is there anything prescriptive that you see that a chief executive could be doing now to fix what appears to be another down slide or worst that it is stagnant growth? >> that is one of the reasons i wrote the book was to give people hope that we can deal with our problems. the private sector nonfinancial corporations have $1.8 trillion on their books in cash and liquid assets. if 20% of that was used to hire people the unemployment rate would be 5%. we asked ...

>> what should government be doing? is there anything prescriptive that you see that a chief executive could be doing now to fix what appears to be another down slide or worst that it is stagnant growth? >> that is one of the reasons i wrote the book was to give people hope that we can deal with our problems. the private sector nonfinancial corporations have $1.8 trillion on their books in cash and liquid assets. if 20% of that was used to hire people the unemployment rate would be 5%. we asked ...

Demand. you address the uncertainty with the massive infrastructure program. immediately what you do is say if you hire another worker the government will pay 30% of that as long as you dont lay off a worker. do that for two years. limit it at $50 billion. not a taxpayer dollar would be spent unless a job was created. do that and then get the private sector hiring with the deficit reduction and massive infrastructure. >> you write in the book something that caught my eye which was about what peo...

$49,000, unemployment would be 5%. so why dont they? because its uncertain. we need a rainy day fund. if we provide widgets, nobody will buy them because we dont have the confidence in them. you do tax, entitlement, and defense, and you then deal with the demand for infrastructure program that would create millions of jobs and would be a $1 trillion program on 50 national high-priority infrastructure projects like high-speed rail on both coasts, like a new air traffic control system. >> i though...