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Rep. Phil Roe, (R-Tenn.), discusses whether the president’s policies can create the necessary jobs to lower the unemployment rate.
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And in just a minute to get the jobless rate get this down 8% before the next election President Obama has -- hope for at least.
255000.
New jobs per month every month.
That's just not gonna happen with the Obama -- joining me now is Tennessee Republican represented mr.
Phil -- destroy -- they'll discuss with crystal.
What about it is is the right way to do this spend more to create more government jobs that's never worked.
-- we've never we've never seen that work in the history of the country where you we tried in the thirty's here in the Roosevelt administration -- work create jobs -- if you can't say this didn't work when you look.
If this if this particular recession not looked at all the recession since World War II have been eight for.
Each time we've come out of recession we've come out of four point 7% more jobs.
This particular recession where we -- massive stimulus.
We've got 5% less jobs and ten million people west working at this recession had behaved like any other recession that we pay at.
So I think you have to decrease of cost of capital.
And and we've heard in this segment before about about the people are worried now.
Every place I go like get in front of.
Do you think this for sanctions over.
Not a person yet this is Democrat and Republicans have held her hand up and why they don't feel like it's it's ovaries because they can't find a job.
Or they're afraid they're gonna lose that one they've got in businesses upn and private business my entire life.
I wouldn't hire anybody right now.
Because -- him certainly -- but what's the Affordable Care Act we don't know what that's gonna cost us.
The cost of capital let me give -- an example if you're out here in this is let's say up for a business project.
In his fourth of million dollars in you go to your bank cannot head community bankers tell -- this over and over and over again.
You come in -- -- it's a million dollar project or vice happy with the feeling you know money.
And the federal with Dodd-Frank and the people coming to your bank your local community bank said no that's not a million dollar project.
That's a half a million dollar project guess what now the bankers out of compliance.
They don't reach or capital requirements and they're not only got to close this project down there looking at the bank to close it down.
So people are -- to lend money.
They're afraid how are right now and you're not gonna get out of this recession -- -- open up and start hiring and what about.
-- DP -- about energy prices and we were looking at a situation where gas is around three dollars and sixty.
Five -- 66 cents a gallon.
That's double exactly in -- double from January 20 09 when mr.
Obama sworn in.
Very come in my district not long ago I think acumen he said doc he said it's a terrible day.
When I got hit by a gallon gas and gallon -- for ten dollars think about that that's what people are doing now inexpensive energy is what made this economy grow in this country we have no energy policy that I can tell except Paul thirty million barrels of all out of a strategic -- reserve.
We should be heading a -- coherent policy.
Developing our own energy reserves and getting all depends -- this foreign oil if we keep our prices down -- your G.
He'll want battle also help create jobs and regulation and -- -- -- over the regulatory burden you have talked about this before.
To plan -- to make -- I went out to one of my local farmers and -- -- commercial tonight afar.
There's an EPA booklet this thick.
That he has to go through -- to fit people for gas masks and have berms around -- his farm takes out of production goes to another.
A field after the same thing over he's got a measure soil moisture content on and on -- we pay for that.
And guess what his competitor in Mexico or Chile or wherever these fruits and Beige Book but I don't have that so he's at an unfair advantage.
To compete in this market unbelievable regulatory and certainly can't hire and filling those with the regulations or regulatory environment going forward looks like -- absolute -- an affiliate there -- you hang out for second you'll be back.
