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Detailed text transcripts for TV channel - MSNBC - 20100908:20:05:00

the sentiment that we want to make a level playing field. we certainly don t want a tax code that encourages people to ship jobs overseas or anything like that. we want to try to encourage real investments here in this country. that s the point of this policy with infrastructure, are r & d, with actual factory and equipment investment being tax favored. it s not about speculation. those things are in the real economy. they are not about speculative ventures. i m not saying that they are. sorry to interrupt. i m not saying that what you re suggesting is speculation. i m saying the entire investment architecture of america, 56% of the average daily trading in the stock market, as you know, austan, is done by robots. there s an incentive to take pensions and retirement funds in this country and not put them into investments in the sorts of things that you and i would agree we need but to use them to purchase credit speculation for lending for houses. we we don t have a mechanism

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