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which tanker is on the line with the sea is the economics director for American
principles in action
a PIAA people either for building a winning
GOP coalition allies into 2012 and the website is american principles
in action .org all spelled out just like that
rich welcome to the program hi Tom night remmy on thanks for joining us
on you are making the argument that
unemployment benefit extensions are
bad things to have that right that's right I think they've
I they've been extended obviously several times on the last two years in
and I think they're a I understandable and sympathetic reaction
to what happened in the economic crash but may have been a bad thing for
the unemployment situation I has panned out yeah
how how is it that unemployment benefits cause unemployment
well for one they
they enable I may discourage the job-seeking process from happening they
for having had a head so people people are more likely to look for a job if
they'd
if they don't have the money for gas and if they're hungry
they're they're less likely to look for a job if he could check their income is
being replaced for about two years or so yeah
and the less likely to move to where the jobs are a man at that a problem we've
seen because
there's a lotta disparity in state economies over
the employment prospects I read this I read the study that you sited
and you know the some much for the math in it is over my head but the
the essence up it seemed to be that
when people who when people lose their on
their unemployment benefits then they are they are sufficiently desperate
to take jobs that they would never otherwise taken in other words you got
somebody with a master's degree
in electrical engineering and they've been looking for any kinda job in
electrical engineering or even around electricity for years and years and
years
or for two years and they have been able to find one hour for a year I actually
for to 26 weeks is with you know who
but autumn as on employee benefits and on their benefits run out they say oh
screw it and I gotta work in mcdonald's for seven dollars are eight dollars an
hour
and or nine or 10 or whatever mcdonnell's pays but do you know they
they they
you know they end up taking a job for which they're not qualified I don't see
how that's a good thing
well the example is not always that extreme are usually a shameful that was
the rationale for the entire study it's right there at the you know I just
returned I agree with it in n you
you're you're proving the point that that the
when the benefits to run out they are likely to encourage employment and
hiring
I even if it's in a different industry or a level below what the
person had started off or or been laid off from in
in the economic crash but shouldn't we shouldn't we instead to be
the a you know if we're talking about policies that will bring jobs back home
like you know going back to pre clinton the preclinical ride the pre reagan-era
when we actually had
tariffs that protected our domestic industries the
you know abandons these so-called free trade agreements
taking our minimum wage back up to you know where ten dollars and cents an hour
was 1968
that kinda stuff I mean isn't business the it the the simple straightforward
stuff rather than
saying to people I'm sorry system screwed up we're not gonna bother with
that and by the way
your you're on a lock and so so what you got sixty thousand bucks in college
loans
and and you've got a master's degree in electrical engineering you're gonna have
to flip burgers for the rest your life
well we could forgive student loan debt in bankruptcy there might be a
one thing we can we can agree on I but if if you do want to go back to the
frequent Nara and I give up now after
to go back to the Reagan years I'm with you on that I'll go back to those tax
levels cuz I
I think that the resulted in in your job gains and in a better economy I mean
Europe created no known no net jobs in that area
80's 90's economic boom I meanwhile
you know the US economy had i wanna miss bats runs in his tryout reagan triple
the national debt i mean suspending
debt based federal spending in a massively increase the size a government
and and that particular Star Wars I was oh
a true knowledge is to know itself are well you can you can really stimulate an
economy that yeah we keep in mind reagan also had the biggest crash since 1929
during his presidency area and it was just after his tax cuts
and and so if anybody kicked in a similar spectral anybody lost their jobs
when the market crash in eighty-seven like in two thousand
a general expense that's cuz I came back as he was spending money like crazy and
Congress was right there with him do it
and now when when the president tries to spend money
congress has no in fact we're gonna cut the amount of money that yes but I think
it's about the return on investment in public spending right so when reagan did
it was in the cold war and and whether you
agree or not you saw that I was the purpose now when Obama does it
I i think we don't really understand what the point is I mean the same lesser
extent sky
did that too much to decrease the implant yes we went from losing 700,000
jobs a month
to making roughly a hundred thousand jobs a month
and some months more some months lost that's been E probably
at the neighbor the average for our about the last three and a half years
and its it slowest recovery really in modern times in its
it because republican governors a vote of over 600,000 people
because you look at the public sector firings I mean
layoffs they've been a really small talk to the unemployment rate I mean there's
news media you know crunch those numbers
get widget my point so why don't we
go back to a to appear to a rational trade policy brings our job so
what you know Nancy Pelosi she got a passed out the house represents a bill
that said
we are no longer going to give tax breaks tax incentives
two companies to close down factories in the united states and ship them over to
China
and rebuild them in China we're no longer going to finance that
and in fact we will finance by by virtue of tax breaks
are companies that want to close factories in China moving back to the
United States
and that was filibustered by Republicans in the summer why
well they believe in free trade and I think the
they would love to see those I don't think is I don't believe in free trade I
think they did it because they knew that it would stimulate the economy and they
do not want this president to have a decent legacy
they want they want history to look back and President Obama as
oh he was that president during the eight years when america did not work
well re-enact their I think they're willing to pay are willing to destroy
the middle class and destroy people's lives
in order to to the to tarnish his reputation
I'll certainly made it sounds like that sometimes but
I the problem is both parties are really out of ideas about how to rate at the
economy
Democrats have a whole bunch ideas sorry there you know there were two hundred
and thirty six pieces legislation and C plus he passed
during the two years she was speaker the house in the first two years that
every single one of which was filibustered by Republicans in the
Senate never got made into law
that would have that would have created jobs nice is that that what about
you know about trade is they want the most conspicuous but there's a whole
bunch brothers
and you were talking about return on investment and I think this is really a
big deal
reagan's trillion-dollar investment in Star Wars
when you when you put money into military projects
you don't get a return you build a bomb and drop it on somebody that money's
gone
if you take a if you take that same trillion dollars a reagan spent on Star
Wars
instead spent on building schools or hospitals are bridges roads are high
speed rail
it will provide the the the soil in which business can grow
for generations well
well it's only worth it if we really need those things and
do we need my speed rail is that more efficient I'll California then actually
driving between two cities I
your every a.m. I I encourage you to visit Europe and try high-speed rail you
know using a good
cross France France is probably about the same the
number square miles is as as California's not as long but it's
its lot wider are on their high-speed rail you know going to under 40 miles
are it's amazing and you can
and you can you know walk with glasses with the wine last year hand
no problem I think I did well I think I for easy jet but
you know its assets and her debate you can be anywhere in our near up
on a plane you don't really need high speed rail can't be anywhere near
in Europe in turn are you can be anywhere in in a major city
the with with high-speed rail in with rail you know you can
you can be anyway literally anywhere and and
or at least any any town over fifteen or twenty thousand people
but my point is that when you in best in infrastructure you actually get a return
on that investment you invest $2 billion dollars you get back
tens of billions of dollars in taxes over the next few decades
as when you invest in Star Wars you get back nothing so I
are you pick the right infrastructure yeah of it well
the 261 thankful if you want to do but about that
something like your average tanker the website American principles
in action dunno rich thanks for dropping okay tom I don't have any