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patankar media market
and we are not going to talk to her for john yarmouth easter from kentucky's
third district history are mclaren bag re-enter
had a quitter grade out here because before i get to the economy jobs which
is what i what i know we want talk about as your question about what's happening
in the senate on this health care pt
lucrative issue nowadays
they're now saying the public option doesn't look doable that they did the
but let's not get back in the nablus now worry too much about that i want to get
your thoughts on that
on the other part the new compromiser offering which is expanding medicare
fifty-five
awaiting about that
react you know the accelerator
probably exactly what we need i mean that's really a very robust public
option because you're talking about the printout standards for i think that
would have been up in the robust public option steadily different criteria
you not extending it everybody but
bob clearly in terms of preventive about through really think we ought to end up
working class people who thought of the progress proper mark
and i've been a very weak public option well-connected lay people and and and to
the public system
you actually got stabilizer medicare i mean i can't believe the twister
training this catastrophe
mississippi's bringin healthier people non-violent this year
the read one contributor of the broadcast canada in the older population
pearl harbor depressed
ever to recover mark
if not what everybody would want because we feel that all people between allowed
twenty berman alan and fifty-five
who would be
buying insurance in the exchange
but again the mother does
the rhetoric on the court i think that that's the right direction at the here's
a bronco samatha d'amato predation earlier in the show was that i can do
that
the innovative marathon the data may you compromise again and what they did say
is only at
take people about fifty five only laws we don't want to cover the ones that
have pre-existing conditions need some for the catastrophic coverage and setter
so stick this six people from fifty five to sixty five
that'll be the compromise
and without a doubt i would recognize you do that you'd read it all corporate
probably trouble writers use if you try to do that but
then i think it's a very very promising approach and
well if you are a few echo by that's that's a positive note so uh... erica
nut really i think you're right at the same is very important so i'm very glad
to get that from you also dallas all about the economy and jobs obviously the
president's under fire
to create more jobs to get the economy going quicker but he's also under this
some kind of weird fire where he should do nothing according to the republicans
as a cut taxes
then at the same time control the deficit
sir so that i mean as a result of a break we're going to maybe make we're
going to give a tax break our track record of the make a democrat work
adult diplomat applicable but little majored in math
if you were a little bit if you do
to rebuild tax revenue theater with a cut
or by giving tax deduction or a tax credit you are a few are worsening the
deficit
and
but they don't build product really care much about intellectual consistently
counterargument
is or examine i don't care about this right well but it's the same time i get
the urgency of our conversation obviously
so how we balance those two things
and and and the only create art artwork free market
every business person i've talked to adapt what should we do about creating
jobs what ideas do you ask and basically nobody has any good ideas
that the the fundamental problem article in our economy of the worst seventy five
percent
consumer backs were based on conflict between
so we're spending
and uh... until we can increase with the man
and filled with food aren't going to hire people
and well i think infrastructure development in spending cuts are great
public policy
it really only stimulates jobs in one
sector land that for construction trade
so
and a lot of people losing jobs in the first economy and nato in the event of a
creative society in advertising agencies and throughout
the rest of it uh... it economy and we have to worry about that as well
ab so
yeah i i applaud what the president's building
we've got
do more organic and health care i think of a huge part of it because
that they are my people every dollar to go to health care when you know when
health care isn't waiting at fifteen percent a year
at the end of this year
every dollar to go to health care the dog not being spent on afforded without
its not being spent on a tv refrigerator itself is not being spent
cut and you know i've been makala neon brown forman bourbon
yeah i mean
yet and people have to come to grips with the health care reform in from
vital part of job creation because although money
all that management on health care
it being taken away from the disposable income
of the vast majority of the american people and that's the pic consumption
gap we have in this country
according to u_s_ diocese dynamism units
look you and i have a degree and a lot of things that's why i like to have you
met at those are really smart points i merely as i began in february the from
but you're right i mean is that look at the jobs program that president is
suggesting it really it stimulates jobs in the construction field but
under the law so i i don't know what to tell audience 'cause i'm so so all the
smart ideas on this program
as the however millie jobs in other fields and that's that that's a tough
nut to crack
edit earlier properly written an accurate to group republican perot
but they have a limit the work i would have little to what government can do it
in the economy
and at the two of her normally available to the government which are reducing
interest rates
i blog basically are cutting taxes
from i'm not available to us we were already charging it with
basically nothing for money and
uh and taxes are actually very well
and so and really not much we can do to stimulate the economy x
two things one is i think we need to make credit more widely available
particularly small business risk of the banks on monday
and secondly we need to get the business community some predictability
that's what i hear mulch from from the businesspeople talk to him
we won't know what the rules or whatever they are will accommodate was one of the
we just want to know that a change every year
bad weather that tax policy or energy policy or health care policy and i think
that makes a lot of trucks m
that
one of the points that i want to emphasize here
because people work
could at lake from my perspective
i get that you can't magically just
as bush would say
at in a magic wand it says
job soon regret that and his own building away right
and in their beverly simmons of the setup but
uh... what drives people crazy address me crazy as
think that we see the wall street guys are back in those spain
and it they took all the money and he got all the bonuses and they're so they
can record amount of money but they won't land so that it makes me think
uh... which is reasonable hey we did this or the wrong way
that we give it to the wrong guys and it didn't accomplish our objective so is
there a way to fix that
where you have and i think i'm going to school next week
that would uh... actually force the f_d_a_ marvin's ministration
to make direct loans to small businesses in about half the backs and lend it to
them on at the same fed rate at the wall street giant skip
and
i think actually we're going to be with kim bright new day and an illustration
of the really oppose that direct lending they just there will be concerned about
the mechanism
but uh... i've got i am part of a group of congressional business owners caucus
people that run small businesses before
and there's widespread support there for this kind of approach
if the bank struggle and
and we parted usb again to ninety percent of mr michael and clipclip
recover do it directly it's not
imo struggling to get paid back when i got a lot of that money
and it can really really have a i think it's great impact on
pendleton
he smiled as whether the shops or restaurants or
advertising agencies in you name it does it mean for the types of evidence of
that need this kind of love credit to to keep going in to enter generates more
small business and more jobs here
part of its perfect sense because i got a grand in real estate in new jersey and
babysitting it'll well
in to edit a put down ten fifteen percent nor to start a new project now
they have to put down fifty percent and nobody can start projects notice effigy
personified for this crazy right so you can hurt if your plan would though would
target that's that make sense now that the other end of that which is
the banks they got all this money and are just a game in the bonuses can we go
do some
regulations over to make sure cuz i don't want to use the money for
they're using it so that they could have more collateral
so they could that make bigger direct respects
communique welder broderick's tort reform package which we're going to be
voting on this week and a half drink
traitor variety of approaches so that i am i'm really excited about this bill by
frank has done a great job putting it together
because it regulates the derivatives market all those
crazy
gambling scheme so that um... aji and the other big companies put together
that provided absolutely no benefit to society but good info to accept putting
a frat etc
systemic risk of a potential for a pump
uh... so we regulate those
we set up a mechanism so that when his company gets so big and get and take too
much risk that the government the authority to break them up
so they don't threaten potential system
and now we actually have some awful from regulations on that require
shareholder vote on compensation packages
though week go ahead and a lot of different ways at all the problems you
mentioned so i am disturbia real victory for the american people or the other
things i think we ought to watch and appear defense you know from oregon has
a proposal entailed
levy
transaction fee on
a massive stock transactions lessons
not for the average mom part is investing in their four oh one k_ either
mutual fund but these were people who trade millions of shares trying to catch
that
quarter of a point
barton
and that you go again provides no good for the economy
but they played a games were peters bill would impose of cotton
quarter of a percent
tax on that
it field two hundred and fifty billion dollars a year
stop a lot of these crazy
manipulative trading schemes that began don't provide any benefits benefits for
society so
at the administration is not real big on it right now but i think it will ever be
a lot of public support for doing that was that's exactly that's necessary
specifics and listen to them was the financial transaction fees another one
is that this error holder giving miss elders axle power over the company's
but they all as as a crack at that wasn't maxine waters introduce that
and then the third is this the loophole for foreign
directors as i think they base their fifty trillion dollar loophole
there are two if you're a diner to put in their so all
all three of those in doing the right thing
it is going to pass evening defense deals waters et cetera is that are all
those going to pass the house
or you know i absolutely ok larry question about that
characters but widespread support for that
probably
fiscal package outfit because i think there's a mystery emi looks like outside
wonderland over there but
we'll see what happens there bam pump recovered after the preface
pretty good margin
all those bit their write regulations that passed the house at at which point
of when he gets blocked up on the senate
we need the president to step it now he didn't do it on the public option
flat-out positively
one hundred-percent did not do it
so now guys seems to agree
and either seems to be fighting on a couple of these already
it was his little loophole in the first place
he doesn't like financial transaction fee
so what with is going to happen here's the president can do the same either
with the public option here and back there
the people with power and money or a c_ they're going to be on our site
ground aware of
secretary geithner noise and means committee daily email with the democrats
and we basically said you know you want to help on stuff that you're going to
have to stand up and give us cover you have to take a leadership role to learn
from it being the administration
and it was basically was pretty forceful with them
and i think you got the message
but i've got to stand up and i i i think he began to the last couple days you've
taken on by the republicans a little bit and not let him get away with just
i've got a blatant
blaming the democrats and anil province stuff when they created a problem
so figures show a little spot i think those numbers the poll numbers were and
feed at around fifty percent now probably a
given him some resolved and and i hope so he's going to do it any of the boys
bully pulpit
and the one thing that
you know i mean your show targets with a different you give us time we can
talk about these issues in depth
the vast majority of the media
it's uh...
you're talking about very very complicated things and when dad and we
can't do justice so simplistic rhetorical
um notions that republicans are great at of the things that gain traction
so
the only thing that can come at that it's a really really strong
boy from the white house when i i hope the opi develop stratum
the accused of any of the men you've got to do it
and that is as i said before the sense of drama of our times with a little
bumble will develop a strong voice
as if he doesn't step up here the all these things die in the senate so up
restaurant alright your cousin johnny on the great conversation really appreciate
you can join us on the other
you're a great america again
eyecare thank you
young turks