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February 12, 2011
Us before this great recession. back in the 1980s, i was looking back the other day. in the reagan years over 20 million jobs. in the clinton years, over 20 million jobs. since 1999 coming up to today, net new job creation in the country is zero. zero. >> ken, why is that? you could argue its three auk seszive administration have pursued policies that have really sparked globalization, its meant the companies dont necessarily, the interest of corporate america is not necessarily coupled precisel...
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Of jobs. republicans believe in cutting taxes, cutting spending, and the president wants to invest. the president has got his budget coming up on monday. this is going to be a hugely significant event. >> harvard professor ken rogoth is the former chief economist of the imf. john boehner speaker of the house reminded everybody of the impending crisis thats not going away. >> everything is on the table. were broke, lets be lons with ourselves, its time for washington to get serious and thats exac...
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The president wants to invest. this is going to be a hugely significant event. >> ken rogoth, welcome to the program. speaker of the house john boehner reminded everybody this week of the impending crisis on the table. >> were broke. lets be honest with ourselves. its time for washington to get serious, and thats exactly what the american people expect of us. >> ken, president obama says his budget request expected monday will call the bluff of anyone who talks a good game on debt reduction but ...
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Theres good ideas on the table about improving our tax system, not just worrying about cutting it or raising it. i dont see a lot of whole hearted momentum. maybe after 2012. >> michael, many say fining a nominee to beat obama is more important than choosing a candidate that agrees with them on every issue. unseating obama will be the goal. in that environment, can a split congress and a democratic president tackle the issues vital to the economy? >> i dont think so. i agree with ken. the hard c...