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Former Federal Reserve Governor Randall Kroszner on the need for Republicans and Democrats to reach a compromise on economic policies that can boost t...
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Other one being -- up.
My next guest says He doesn't really care what your politics -- more than a year this could be knots.
Former Federal Reserve governor Randall -- economy now.
-- that's what -- you know when Republicans are gleeful.
Democrats are worried.
They're both you know -- loggerheads.
Nothing gets done a lot of important things that have to get done I see fourteen months of this.
Yeah I think we really need to to try their reduce on the the uncertainty that's coming out of Washington.
Now occasionally it can work at the present stage -- -- the patent reform act which I think will help to promote innovation.
Streamline the patent process so we can get pro growth policies that both sides agree to it's not easy but it can happen.
The problem with that patent.
You know story that you relates is that.
You know one and get at the other -- the way all these other regulations that are coming businesses where they said.
That's the problem and that's what's hurting and that's really -- home.
And you're not providing it Republicans are not fighting hard not to where it and they're they're they're angry.
It has a lot of uncertainty out there and people don't know exactly how things like the financial were regulatory reform will be implemented.
How Health Care Reform will be implemented this really -- is on.
Business it also weighs on that consumers.
They just don't feel comfortable enough to go out shopping this -- just not quite sure what's gonna happen.
We need to have some real leadership in Washington and get some things done to give found.
Much better incentives for investment for job growth we need some not some really fundamental tax reform.
We're not gonna see that -- on me and I percentage it I'm not -- -- -- -- they have -- and I'm not.
Bomb unless you know they don't have my item on the menu at the restaurant but I've generally not -- -- -- I just let me ask you resist.
Assuming we don't make much progress on some of these key issues and address.
Republicans generally feel the -- -- the president loses.
Even though that the approval rating for congress is such that.
Palms up they are hardly in a position of to brag about but.
There are a lot of them there's only one president so he's the guy who suffers and there's gonna wait out because they feel.
That they're not going to make any progress with him so wait for them what do you make -- -- -- I think.
People really should be trying to do what's best for for the US and and I think.
Right now we should credit to the extent that we can we can never fully do this I mean.
Part of the American way is says being being in two -- political debate.
But but think about what can be done to at least trigger reduce some of the uncertainties to try to clarify some in the -- to look as much as possible for areas where they can work together.
And and I think.
Hopefully we can we can get some this and deficit for our reduction that has been.
But look at the super committee is supposed to to work on.
Hopefully -- actually get agreements on that and we may be able to get at least a path toward some tax reform there.
Maybe I'm being too too optimistic but I think my thanks to -- I heard of you are because you know -- here at the here and I have thoughtful -- glass to my.
Have tempting but always good senior Randall thank you very much it was -- to see a --
