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Bernie Marcus on What He Would do to Create Jobs

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    Home Depot Co-Founder Bernie Marcus on the steps to boosting job growth in America.

  • Duration 6:45
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So what would Bernie do what would -- true proven jobs created due to create jobs.

We saved the best for last Bernie Marcus what would you do okay the first thing is.

Let's stop putting a date.

On everything that you do.

We are gonna lower taxes and they're gonna go off on the 2012.

We're gonna have this we believe -- they have this environmental.

Regulation but it's gonna come back and 2013.

We're going to have this is -- I mean that's.

People who were business people if I'm somebody that has a business.

I think long term.

Unfortunately the problem in Washington unit if you cut taxes due to determine.

I I would cut taxes I would let people know what -- -- future's gonna be a for Obama so we are way up 35% right -- -- what what do -- what do we wanna do well let me let me go first -- -- point.

What does it what does the president want He wants people to reinvest we know there's a lot of money -- by the way.

The banks aren't loaning money be aware of that okay I'm telling you right now for a fact the banks have not -- loaning money but.

He wants people.

To reinvest in the business I have friends who have Ludacris businesses who terrific were sitting on tons of cash make and lots of money.

Who really should be ended in all the years five years ago they be out expanding they would be hiring people.

None of these people are doing you want what He did I get it and you know that the word uncertainty.

Keeps coming out of the senate and what and what would need more certain for the is passed something get up and say you know what it hasn't work nothing is work.

Everybody wants -- have jobs.

All of my constituents look let's go -- For the population in the African American population may wanna have jobs they Hispanics -- -- have job yet no 180 to change duty on let's -- He does that big leap.

What would a big slut too quick -- yesterday I would say we have to go back and look at the long term function and taxes are wonderful.

We know that if He lowers corporate taxes.

Maybe General Electric will not open as many factories are lower how much -- many specifics Chris I would -- now why would like to see it down to 15% aren't what about the top individual rates all the rates might -- I would like to see a flat rate.

So that we don't have the deductions so -- we don't have.

The playing new games understood don't have could be this and we speak that night and and we don't have to have an IRS that increases in size every year in order that -- -- in the same -- same that's part of that's part of it.

And I would say to the American people this is long term.

Trust us now the we we are not gonna give you an opportunity.

To think about the future for the first time.

And I promise you I'm not going to interfere with the deficit then I would go back and where He says we He said.

Regulations.

Have to be stopped we have to go back and -- and then go back and by god do what you said.

And how soon would you act on that I would act on it this quickly is I couldn't by the way TC go back to the NLRB and say mr.

Becker.

What are you doing to America.

You are trying to organize unions everywhere companies don't want to co here I have somebody I know.

That is ready to close forty factories in the United States.

He's thirty replaced it with five in the Philippines and -- -- -- the -- because the union issues have the day after the Boeing thing in South Carolina.

Let's get this guy Becker and say I don't know -- -- tell you this but stay home I don't want you to go out anymore that it would lose the union vote.

Well if you wanna be president of the United States and you wanna be remembered as a great president then I think you do this if you wanna be remembered as the worst president.

Probably lower than Jimmy Carter.

That you stay where you are.

Arm itself assuming is that gonna do that is a wanted to well I did hear one -- that if he's not gonna do it than He does not gonna do with and I think the American people have to look at what's happening out there and -- The jobs are not going to be there if 2012 if He becomes president again I can promise you following things will happen.

-- -- -- -- Unionization we'll come back to America we will lose more factories whatever is left in America we will lose.

Those companies -- wanna open.

You think about Toyota and all these companies and open in a right to work states you don't think they could stay there there really not they're going to pull out of the pull investments out.

They -- start making cars in Mexico they'll start making cars and other places it's not going to be here so we're gonna lose jobs if this happens in 2012.

But -- that it -- democratic garden what you're saying learning is that -- -- they're Republicans have pulled that trick pony out with a low taxes.

And it has -- sort itself -- or George Bush said it and things are ultimately got worse it didn't have a short shelf life that is not true.

What happened.

Was the bubble was the real estate bubble and that's look at who caused this tax rates weren't the issue there are no was it had nothing we have we have prosperity what are you talking about.

It was 5% 5% unemployment.

We have to look at what happened.

It was it was our friend Barney Frank the Massachusetts.

And Chris Dodd.

And the Republican pals -- -- -- homeownership on people can ill afford to listen I was on a bank board about ten years ago and I remember they brought in.

They brought in a big told the board.

We have to accept sub -- this is during Clinton's administration.

We have to say except -- -- client I was on the board you know and they said there's no way these people could afford this house.

And we're gonna we're writing it off but we have to take it and we've been told by the regulators.

That if we don't accepted.

The -- we will never open another branch OK you think about that a second this came from.

Clinton it came from Barney Frank and Chris Dodd.

I know bush tried to stop it you've had programs on it right bit of backside -- reinvest -- on there so bottom line.

The president doesn't do any of this stuff let's say he's reelected.

You're saying.

That's it.

Yahoo! Australia I guess.

You would bolster those and when I tell you the other handling and repeats of this country down the river but you wouldn't that.

-- got the guy -- glued together did Kenny I know about anything handy at on people.

Kenny is very good -- -- Cindy was a handy -- to -- you were now he's very handy I'm not I'm just I'm just I just to flat line.

No not at all burning markets.

Job creators just remember under I want every businessman out there -- joined it's important.

OK I know -- billionaire but it it's that's my show.

It's an -- compute -- and one of the best guest ever we do that now and then especially when someone deserves it.

He deserves it.

Think about it.

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