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Sen. Kay Bailey Hutchison, (R-Texas), discusses the need for new leadership in 2012 and the end of her run in politics.
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There are many politicians willing to term limit themselves -- our next guest is done just that after seventeen years the US senate Kay Bailey Hutchison has said it no -- she is done.
A very tough run for the governorship in 2010 against current presidential contender Rick Perry is may have soured her politics altogether.
Despite her continuing desire to get the economy moving again we're gonna talk about that -- to discuss with a senior senator from the great state of Texas senator Kay Bailey Hutchison wonderful to see against senator thanks for coming in appreciate -- -- background by the way.
The background is the city of Dallas that's where I am I'm grown and and it's hot.
Hotel yeah it's.
It's it's not a -- but it is a beautiful say -- Very tough race against governor Perry back in 2010.
Despite all Latin despite all the oil harsh words back and forth could you we endorse.
Rick Perry if He was to run for -- if He became a there that Republican nominee for president.
Of course -- will be for the Republican nominee for president.
We need new leadership that understands.
How to create jobs in America we have got to get rid of -- over regulation over taxation.
Of our businesses so our private sector can -- Now in 1990.
We should mention those -- oral history of Texas politics.
UN Rick Perry were -- two stars of Texas politics I guess He had just become a Republican.
He has switch parties and eighty not what happened how did the bad blood debt settled between -- two or has it is all gone now.
Well it.
You know it was a very tough race.
He had told our supporters that He was not gonna run again He changed his mind and I was already in the race and had been in the race for six months so I didn't really challenged him.
I was running for an open seat for governor I thought and then He -- -- decided to run again.
That you know that said in it was a tough race in.
I I thought I was unfairly criticized then of course I would think so so.
That's where we are now and I am concentrating on finishing my last year and a half and trying to.
Help get our ship -- -- on the right course which I don't think it is.
Right and and the bottom why we're gonna talk about that segment bottom line here because I think this is news.
You would endorse Rick Perry if He became the Republican nominee.
I will support the Republican nominee who ever it yes because I know that we can do better for our economy.
With someone who is going to create jobs in the private sector rather than the government sector.
Right well actually Texas is a shining example of that is the Dallas fed president has said.
37%.
Of all the new jobs created in the nation in the past two years have been created in Texas of course a lot of that.
Had to do with deregulation.
You getting simpler tax code getting.
Tort reform stopping all the lawsuits.
I guess Rick Perry deserves a lot of credit for that doesn't.
Well really it's the leaders of the past two created a state that has right to work laws and no state income tax.
Governor bush was the one who instigated tort reform that has been continued under governor Perry but I would say that.
This is a state that had for a long time the right parameters in place that would attract business that's why we.
Are a business magnet where -- right to work state with no state income tax.
So I I think that's really why we have -- able to create the jobs and we will be a state that creates jobs in the future because.
So many of our states -- Taxed so heavily and of course those tort law is also another factor and I I think that taxes has a good business environments.
-- you had doctors move and out on mass moving out of Texas because it was such an easy place to sue doctor's for malpractice now they're coming back in droves because of deregulation.
Is there is there a message you can send out to the rest of the nation formula if you will about how to get the economy moving again.
Oh absolutely.
I just wrote an opinion piece for Politico magazine in which I talk about the hidden.
Part of the problem which is the over regulation of this administration.
We've.
And SEC that is trying to regulate the Internet we don't need to regulate the Internet it's doing great.
We have that EPA -- regulating greenhouse gases in driving up the cost of gasoline because the refinery costs are.
Are going up we've got the Health Care Reform bill that he's scaring our employers to death with its costs and taxes and fines.
And and on top of that then you've just got.
A labor.
Board -- in -- which is changing the way that you vote to create a union making it easier to create one but harder to decertify one.
And you've got the -- that says.
That Boeing can't build a plant and operated in South Carolina of a power plant it like to work.
-- forgive me for an erupting but it's a plant that has already been billed and those thousand workers have already been hard they may lose their jobs if the NL RRB gets their way.
I have to ask you though because you're having -- -- Politico mentioned specifically.
I try to quantify exactly how much these regulations cost businesses.
And in some cases the regulations can hurt businesses just as bad as new taxes get.
Oh it's absolutely true.
Regulations.
Are the the hidden cancer on business.
It costs so much to for these businesses to.
Hire a person when you have now looking at the Obama health care law you have all of these new regulations that are gonna make you change the way you.
Build things are put new equipment and to regulate greenhouse gases lower.
Drive up your costs of perhaps having union election that will be expensive.
All of these things are the hidden costs of doing business and of course it hurts our small businesses the most David it's the worst.
On small businesses.
Because they don't have the economy of scale.
Right they don't have the fancy lawyers and lobbyists -- to get them what they need and they are the backbone of the economy after all final question.
Have you or or your people been talking -- Rick Perry or his people about somehow working together and solve -- all your differences.
No not at all.
You know I mean I haven't been contacted -- you know I'm.
I'm fine with that.
OK Kay Bailey Hutchison what we wish you the very best to you know what you're gonna be -- and in your -- fears.
Well I hope to have a new career and I don't know what is going to be yet but I'm very excited about the private sector I'll tell you that.
It's always exciting start something -- thank you very much for being with -- -- best best of luck to you.
Thank you so that's --
