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Rep. Allen West, (R-Fla.), discusses the need to change the administration’s policies on job creation.
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I hang in -- my next guest says the edited the Democratic National Committee Debbie Wasserman Schultz -- Delusional when it comes to the economy insist she and the president should -- -- -- Washington and see parts of the country where unemployment is even higher.
-- the already high nine point 1% the rest of the countries experiencing.
Joining us now represented mr.
Allen west the Florida thank you very much for joining us our.
I'll have Riordan Debbie Wasserman Schultz said it's their economy now the Democrats -- economy.
Heard that before but.
Is -- our economy now well I think when you look at the policies that they have laid out in the past let's say four years ever since they took control of congress in 2007.
It is absolutely their economy there comes a point when you can't continue to go back and continue with the the blame bush mantra.
Their policies have not incentivized especially the private sector growth.
In this in this country and the keynesian theory of the the stimulus that's not going to work.
And I think one of the things are really concerns me even more so.
Is the artificial economy that is kind of been established through the quantitative easing programs of the -- which are about to end -- QE2.
You know -- during the stimulus debate whether we're not we're gonna give 850 billion dollars to the to the government to spend.
That call for -- nothing above 8% unemployment -- promise that they also a lot of jobs are gonna be shovel ready jobs well.
We found -- either one of those were true then shall we trust anything we -- to them.
Well you can't because I think the proof has to be in the putting.
You know we say that unemployment is not point 1% -- like myself still have done it double digit unemployment down in Florida.
And probably the real actual unemployment number when you take into those that have given up probably close to the twelve -- 13%.
When you look at the inner city -- we're talking about 60%.
But you know even -- Washington DC and war date.
You have close to 30% unemployment rate and that's why I think that the president has to get out of the White House and now go to golf clubs and not go to a cheers sections.
We'll go to some of these -- have been devastated by his economic policy.
So you're colonel of the army in York congressman very your name is actually being floated even in this very assured.
Political career viewers as -- -- a presidential candidate or vice presidential candidate.
What went president west do to fix the economy jobs specifically did the jobs part of the economy what would you.
Well I think the most important thing is you have to come -- with the right type of economic and tax policies that incentivize the private sector to grow which is something we're not doing.
It comes down to our call the three -- the first he is we have to.
Instill confidence in the consumers and also in the private sector -- small businesses so they can grow you got to reduce the tax and regulatory burdens.
The second thing you have to have that access to capital because right now.
That the big banks are doing okay.
What is so small banks those community banks were the regulators or just driving them under the ground.
And they are not able to lend that capital small businesses to grow.
The third thing is so important certainty.
There's too much.
This is an unpredictable situation out there we need to be able -- about certainty.
You know we can't continue to operate an economy on election cycle sound bites you've got to start -- twenty and thirty year.
You know vision and and that's -- -- things should we repeal obamacare.
We have to repeal Obama care because.
Look there you already have had close to 14100 waivers that have been -- eleven new taxes a 159 new government agencies and Barack -- That's now how you repair health care that's only you know nationalize in the production.
In growing this bureaucratic nanny state so is the public sector continues to outpace the private sector.
In growth and also compensation.
That means there's less money out different us to truly grow the private sector the jobs report from last month.
It is absolutely reprehensible that 50% of those jobs came from McDonald's 50% and then this mr.
Obama that seem very days -- the way -- -- not put one.
A bump in the road -- the road.
Yeah I don't think the Americans that are out there hurting a bumps on the -- -- not obstacles.
And so it is about setting the conditions for them to grow it's about looking at the trillions of dollars of capital that these are corporations and businesses want to bring back.
35% corporate business tax rate.
Cut it down between the 22% guess euros are.
Well these are and then well that you could -- be the use of that money but as I say my equipment why you know we could do that in -- short term what I'm thinking about you know really long term what we wanna do corporate business tax rate twenty to 22%.
-- loopholes north subsidies capex hazy activity as fact those goes this man has all the answers thank you very much represented Allen let's thank -- start.
For joining us thank you.
