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Secretary and joins me now. great to see you. thank you very much. thanks for taking this on. this is not great news. tell me why it's a step in the right direction, as the president says. >> you know, when you look back, when the president started, we lost 8.5 million jobs. now we're up to in a 28-month period, 4.4 million private sector jobs. even though this number could have been better, we know we are working every single day and just look at what we have accomplished in the last few weeks, even as early as last week we saw the congress and the white house and everyone come together to pa...

Pay for it by cutting education spending and cutting job training programs. and raising middle class taxes. and i sure don't agree with his plan to keep giving tax breaks to companies that ship jobs overseas. >> the obama campaign hopes it's hard to shake for mitt romney. drew a contrast between his job creation and his own. >> governor romney's experience has been in owning companies that were called pioneers of outsourcing. that's not my phrase. pioneers of outsourcing. my experience has been in saving the american auto industry. and as long as i'm president, that's what i'm going to be doin...

That's a classical democrat versus republican argument. >> correct. the argument is, is the money going to people in need and who can best design these programs. there is an experience with states running these programs and you had similar levels of corruption and waste. but the states are on the ground and they can better target in the opinion of mitt romney, the likely gop nominee. president obama and the federal government, the democrats are saying we had that experience, we think the federal government is equipped to do it. as you see from senator coburn's work, that's not the record, bill...

Oklahoma look at job training programs and it's the same problem there as well. we do have some programs that work but most of them are initiated by citizens and states and not the federal government. >> reporter: even there is many people who believe in job training programs say there is plenty of room for improvement. >> we need to take a look at what we know that is working in our job training programs. so places where we have community-based organizations and colleges partnering with employers and local industries, that's really the most effective practice we see across all these programs....

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