In a sane political world, here s what we would be doing right now. we have high unemployment and we can borrow for nothing, less than nothing once you account for inflation. we d be putting people back to work, rebuilding infrastructure, cutting taxes for businesses that hire people. cutting taxes for middle class people generally, and investing in the future of the country. the future of our infrastructure and jobs. meanwhile, we d agree to a deficit reduction package that would trigger the moment unemployment fell below 6.5%. instead we re not going to do enough deficit reduction from later and we ll hang for recovery along the way. by that, i mean terrible job. it s impossible to overstate how dumb this whole thing is. which leads us to number five, the fifth and final thing to remember this week as we approach the edge. the thing you really need to fear, the thing that keeps me awake at night, the fear of the debt ceiling.
Already done. financial regulatory reform in the past means that the banks are better capitalized. it means that alice supervision and our mechanisms for looking at the trouble spots in our financial system are superior to what they were back in 2008. that s an important difference. but there are still more things we can do. the most important thing is something i have already talked about. if congress would act on a jobs plan that independent economists would say put us on the path of creating an extra million jobs on top of the ones that have already been created, putting teachers back in the classroom, construction workers back on the job of rebuilding infrastructure that badly needs to be rebuilt. all those things can make a significant difference. given that we don t have full control over what happens in europe or the pace at which things happen in europe, but make sure we are doing those
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And in you, the american people, i am reminded of all of the things that tilt the future in our favor. we remain the wealthiest nation on earth. we have the best workers and entrepreneurs, best scientists and researchers, the best colleges and universities. we are a young country with the greatest diversity of talent and ingenuity drawn from every corner of the globe. yes, reforming our schools, rebuilding infrastructure, will take time. yes, paying down our debt will require some tough choices and shared sacrifice, but it can be done. and we ll be stronger for it. and what s lacking is not the capacity to meet our challenges. what is lacking is our politics. and that s something entirely
Domenico montnardo, thank you so much. and joining me now is representative micah who is the chairman of the finance committee. and you said that the government should not be in charge of rebuilding infrastructure, and you want to put it to the states of which 33 are doing it currently. how good of a job are the states doing? well, that is really a comment on the president s proposal last night for a national infrastructure bank which is the legislation that he referenced. i have no problem with infrastructure banking, and it is a good mechanism, and in fact, 33 states already have state infrastructure banking so rather than set up a big bureaucracy in washington and more bureaucrats and people come on bended knees asking members of congress and bureaucrats for approval, a long process, i
Partyites be the only voice america has heard. we ve been scared, cowering behind shower curtains and not willing to get behind the fact there is good government spending and bad. you invest in pre-kindergarten education, kids become more productive citizens, stay out of crime. invest in rebuilding infrastructure, safer, no cedar rapids and new orleans, we re more competitive economically. we haven t made the case. we lost a little bit of our soul because we re scared. i don t know what we re scared about. one of the reasons why we on this show cover the tea party, i just don t believe their demeanor, i couldn t believe that they were saying, the signs. we haven t seen this kind of stuff probably ever. they tried to distance themselves from all of this, look, if you re in the crowd, you have to be responsible. you re a former dnc chair. what do you make of the fox news host, very well documented by media matters, just how involved they are, their people,
It is time to move towards the center. until they make that acknowledgement, i don t see how they repair their image. sean: why don t you set it up and we ll show it. a chamber of commerce ad about job creation alternative to the stimulus. listen to the language. there s one word missing. the word that s missing causing this ad to be one of the most effective of the last six months. úia÷ announcer: what if we found a way to grow our economy naturally? bottom up, create the jobs of tomorrow. what if we found a way to reward the dreamers, info ares to, workers who put in the hours who roll up their sleeves. we have a strategy for new american jobs. how american free enterprise can create the 20 million new jobs we need in the next 10 years. we can put americans to work. doubling u.s. exports. rebuilding infrastructure, expanding credit and
It is time to move towards the center. until they make that acknowledgement, i don t see how they repair their image. sean: why don t you set it up and we ll show it. a chamber of commerce ad about job creation alternative to the stimulus. listen to the language. there s one word missing. the word that s missing causing this ad to be one of the most effective of the last six months. úia÷ announcer: what if we found a way to grow our economy naturally? bottom up, create the jobs of tomorrow. what if we found a way to reward the dreamers, info ares to, workers who put in the hours who roll up their sleeves. we have a strategy for new american jobs. how american free enterprise can create the 20 million new jobs we need in the next 10 years. we can put americans to work. doubling u.s. exports. rebuilding infrastructure, expanding credit and
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