Detailed text transcripts for TV channel - FOXNEWS - 20120114:15:22:30
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Money in their pocket. that's exactly what happened when we increased the federal minimum wage in 2009. i don't think there is an argument to be made that it needs to happen again. that's just -- it's not politically feasible at this time. but don't knock the minimum wage for being responsible for where we are in the economy right now. >> brendal: any time we have an argument about statistic, give to jonas. does it help or hurt the job market to raise the minimum wage? >> it does very little because of the current level it's at. to gary's point, i guarantee you unemployment would have skyrocke...
>> because they don't have to. i think everyone's overanalyzing why a business is not hiring somebody, but most businesses in america are swimening cash today, compared toors before and have excess capacity. >> brenda: the bigger businesses are. >> bigger businesses, but not small businesses. >> i don't know if the government's going to magically create customers for the people or to make loans any more available than they already have through dozens of programs, incentives. >> and we saw that through quantitative easing and the fed was actually increasing the wealth effect. you did see more c...
>> hold on, hold on chris. on the flip side trying it tell us that everything is going to be okay, we're in a recovery, this is a rough patch. give me a break, we don't know where the jobs are coming from. >> here is the plan and tell you my plan off the bat. and we're back to where we were, let's do that. >> brenda: chris, i'm sorry, everybody's got a plan here and you're all very smart, but we don't have time for that. we're looking for the president's plan right now and if small businesses would be convinced to hire someone because of it. >> i think if you-- if the government is spending mo...
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