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Place, from obama care to dodd frank to his tax policies to the regulatory policies, have not let this economy take off and grow as it could have. you might say you got an example of when it worked better? yeah. in the reagan recession where unemployment hit 10.8%, between that period and the equivalent period of time to today, ronald reagan's recovery created twice as many jobs as this president's recovery. 5 million jobs doesn't even keep up with our population growth. and the only reason our unemployment rate seems a little lower today is because of all the people who have dropped out of th...

>> in the past year we have gained 3 million jobs and since the depth o-the recession, gained 5 million. >> gregg: but you are not where you wanted to be, normally in a recovery, you should be up about 4.5 -- >> remember, though, like ronald reagan, in his re-election effort, the unemployment rate had gone -- gone down by 1.4%. >> gregg: from 10.8% down to 7% and after his re-election down to 5. >> the last year prior went down 1.4 point and now, it has gone down 1.2 points and momentum is important and where you are, is not where we want to be but people can sense the momentum and see where i...

Regulation is one of the biggest unknown factors in this whole recovery. there is more regulations so businesses are not hiring because they are dealing with this. they are dealing with healthcare issues. they are dealing with all of this. they can't hire because they are uncertain what is coming down the pike to get hit with another regulation. >> gregg: i was talking to art laffer and he said look, it's the old theme. if you continue to increase taxes on those that work and pay money to people that don't work, it's a recipe for more people not working. >> ronald reagan in four years took the...

Things to do is correct the contrast. the contrast isn't between pl obama and mr. bush but mr. obama and mr. reagan. he had a deeper hole. unemployment peaked in november of the second term one month later than it did for mr. obama at 10.8%. by this time he had unemployment down to near 7% with with a rising labor force participation rate. if that was steady, he would be at full employment at in the point. to say his policies or republican policies don't work is a short view of history. the difference was between a competent republican president and frankly not one particularly competent at al...

We have a jobs and revenue problem. the answer is always in california and as the national debate either we cut our way to solve ven see or raise taxes to solve ven see. neither will work. we need to create a framework where start ups and small businesses can get revenue growth back and create the jobs we need in this state. >> you came out with a plan last year, an economic summit recently released a plan with 47 points to get california back to prosperity. a lot crossed over with you, supreme line regulation, workforce preparation and encouraging innovation. everybody seems to be on the same...