Detailed text transcripts for TV channel - MSNBC - 20120518:05:34:00
>> i can say with confidence that rich people don't create jobs. nor do businesses large or small. jobs are a consequence of a circle of life like feedback loop between customers and businesses. and only consumers can set in motion this virtuous cycle of increasing demand and hiring. in a sense, an ordinary consumer is more of a job creator than a capitalist like me. that's why when business people take credit for creating jobs, it's a bit like squirrels taking credit for creating evolution. it's actually the other way around. >> joining me now for an exclusive interview is nick hanauer, autho...
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