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Tangoe, Inc. CEO Al Subbloie argues the government can help create jobs through profit-driven investments.
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Right well is Washington gears up for a major Tug of war over jobs our next guest has profit driven investing in the economy but Uncle Sam.
Complain essential role in restoring hiring.
Allison Floyd is the president and CEO -- tango with me incorporated which recently finished out its first full month of trading on the NASDAQ and joins us now -- Fox Business.
-- -- congratulations on a listing Al.
And I here running a public company how does that change things and more specifically commend president tell you anything with his jobs plan that'll be encouraging.
Well couple things obviously running a public company.
Has a lot of benefits to it that were excited about being public as you may recall we went public right before.
These market you know tumultuous market conditions happen but -- you going public has a long term opportunity and it's been right for tango so far we're excited about it.
Isn't that we've gone public and that's great -- -- know they are looking to hire at the same time curious if you're finding that Washington.
Is getting in your way we have an uncertain tax code -- you don't know what you're gonna be paying for health care.
And you also frankly I mean you've got to have to you're gonna have to deal with no load demand right now how do you battle -- headwinds as a CEO of a public company.
In this uncertain Washington behind who.
Sheryl you make you do a term -- that I have to agree with that uncertainty doesn't work well in business I have to agree with that.
I was very concerned on the debt ceiling what Wendy I'm not a time it took for them to come to closure on that.
The time itself to me was the biggest damage it did from a confidence perspective it that way it is her you're confident they absolutely all right our confidence in and I think the American public in general let's put the result for the outcome aside for a minute.
And just talk about the process to get things done.
In business you need to be able to get decisions made any reasonable timeframe.
Otherwise confidence -- and in business she can't have eroding confidence without a doubt.
You know some -- some thoughts regarding I call it investment driven -- government action you know I think in government we talk a lot about spending and cutting.
If you look at the TARP program while I know obviously we needed to do that the government didn't do too badly on the return on the TARP program.
I think as we talk about investing in infrastructure in this country we should look at investments with the goal of having a return.
There are many productivity opportunities some -- company -- -- that's not a Brent or shut up on average European it could be high speed rail OK I don't were behind the times when it comes you go to foreign countries it's a bit embarrassing for me to be out there.
-- tell about your specific experience -- you talk about the lack of confidence so how did that it's.
Encourage or discourage you from making key decisions for your business are you hiring more or less because the climate we're -- for instance.
-- -- -- from our perspective a tango helps companies save tremendous amount of money.
We have a great return on investment in our model.
And as a result of that number we've done well and good times and in bad times and so were hiring were were we've been hiring for the last ten years we'll continue to hire.
And we we feel very good about the business we announced great second quarter earnings a couple weeks ago and we actually upped our estimates in Q3 and for the balance.
You're certainly don't want to feel that we have seen is basically got a 4% unemployment rate vs and I'm point 1% a flurry that is technology that -- nineties you're looking for IT professionals I'm -- that there.
Tough to find I'm curious what you wanna hear we're gonna get his big speech from the president next week -- carries as the CEO the publicly traded company.
What do you want him to say.
-- -- I would like to see the government take a more active approach towards looking at.
Investing.
Investing with a return in mind when you're a business and you decide to hire you do it with the goal of having a return.
So we're talking we hear about in an infrastructure bank I think the concept of an infrastructure bank is a good concept but it has to be implemented properly and that's just the beginning.
There are many opportunities for the government to create jobs in my opinion but do -- with productivity and with the goal of getting a return.
And can get the private sector -- -- the public private partnership to get spending going along.
Absolutely the government in a way should be the largest business in this country in the can make a big difference if it takes the right approach if you hair and an -- if they -- kind of a broad stroke -- the speech turns out to be.
Here's -- new jobs -- infrastructure.
Here's some.
You know tax incentives for small business -- -- hinted it already is that is if you you know nibbles.
If that's all that you get.
Are you gonna be somewhat disappointed I'm gonna be very disappointed -- be more of the same.
A key you know we we went public five days -- 45 days before the debt ceiling finally came to closure we were all nervous about that because of the amount of time it took.
And you know put the outcome aside I'm back to it.
We need to get to decisions very quickly in this country and I think bring everybody together to get to those decisions productively is the most important thing and it's the same thing as it relates to jobs.
Al thanks for sharing your insights and observations with us today thanks -- employee is the president CEO.
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