Page 48 - Tobin Smith News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The problem. hi, everyone, i'm brenda buttner, this is bulls and bears, let's get right to it. the bulls and bears this week, tobin smith, jonas max ferris, todd schaumburger, from the black bay group along with accent asset management, scott martin and susan ott, a former senior advisor at the treasury department. welcome, everybody. scott, the private sector is fine and we need more government jobs? >> brenda, nor case of hey, guys, the government knows best. the government says we create the best jobs, not the private sector. all right, yeah, right, toby. you know, the recovery began in 200...

the problem. hi, everyone, i'm brenda buttner, this is bulls and bears, let's get right to it. the bulls and bears this week, tobin smith, jonas max ferris, todd schaumburger, from the black bay group along with accent asset management, scott martin and susan ott, a former senior advisor at the treasury department. welcome, everybody. scott, the private sector is fine and we need more government jobs? >> brenda, nor case of hey, guys, the government knows best. the government says we create the best jobs, not the private sector. all right, yeah, right, toby. you know, the recovery be...

this week, gary b smith, tobin smith. jonas max ferris and the economic policy for welcome to everybody. toby, wall street itself is more anti-capitalism than the occupy wall street protesters? >> well, of course it is. the business model of wall street has grown into a bailout. it's grown into, they call it the green, if things got bad the fed or the government was going to be there to back them up and then as we moved this business, after the financial crisis, we went from having sort of ten banks having the money to six banks having the money and the concept behind that was it all...

creating machines. i took a look at top 50 companies, they're like wal-mart, safeway, target, general motors, disney, i mean, are these really evil companies? and even, brenda, if you say that they're really talking about the banks, you look at some of the banks and they're wells fargo, citi, jp morgan chase, these banks alone employ a million people. there's always this notion, there's all of these corporate fat cats, i can guarantee you at citibank, most of the people that work there, 2, 300,000 are tellers, they're security guards, they're back office people. and finally, brenda, ...

spending money and creating demands for goods and services, ceo's are saying, wait a second we're not seeing demand and why am i not going to hire and we may have to lay people off. and it's not that they're falling off. and big concerns when the report came out capital expenditure, cap x. how much money that the countries are going to be spending on goods to increase, you know, their production of goods, is actually looking to drop as well. so, that is going to have a trickle down effect and we're going to eventually get down to you and i, unemployment jumps through the roof and 10%...