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Former Michigan Governor Jennifer Granholm argues Obama's jobs plan needs a better long-term solution for job creation in the private sector.
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-- job creation in this country President Obama taking on increasingly populist time.
As He is rolled out his job creation and this week his debt reduction plan.
Here to talk about that her ideas for creating jobs in this country and she's written a book about it former Michigan governor.
Jennifer brand home author of a governor story -- fight for jobs.
And America's economic future governor -- to be here thank you so much how much of the of the president's plan on job creation and also on raising taxes to to reduce the deficit how much of it you wanna give a percentage.
Do you like.
I like.
99 -- -- except for the only thing I.
Would like to see more is a focus on.
On helping create permanent private sector jobs in America but -- here's what I really like.
A like the fact that what he's done is tied the solutions.
To job creation and invest it and investment in America.
So the question is in your asking on the investors on the stock market we're all looking and seeing where -- public opinion is going they don't feel like they feel like we're in a recession we're not coming out.
-- Michigan entered a recession in 20012002.
And we really didn't emerge why.
Because the structure of our economy had changed so much because of globalization and we saw obviously the movement.
Of manufacturing jobs offshore and other sectors of course are experiencing -- and the question is for the country's.
What do you do about that how do you create jobs in America when our economic competitors are very aggressively.
Trying to go after those jobs.
But do you believe though that raises -- -- raising taxes on wealthier Americans and it it comes in a variety of different shapes -- the president's plan you let the bush tax cuts expire.
For those making more than 200000 dollars year you have a new tax on millionaires you take away some deductions that people get how does that create.
Job well I guess the question is what is happening now with those tax cuts the investors who get.
Lower capital gains rate for example are taking that money and they're investing in the market -- and everybody -- they're investing in in job creators.
We'll of course those job creators are doing what they do best which is maximizing the return for their shareholder that's the responsibility but where those investments happening.
They're not happening in the United States multinational corporations just in the past.
Decade have.
Created a lot of jobs two point nine million of American and -- American.
Jobs were created by American multinationals but 2.5 million of them.
Or cut in the United States so they were creating jobs overseas so the question is if you put money into the hands of investors are gonna invested to maximize their return.
That they -- return next in the stations to have an outside USC that it's high tax policy to job creation in America and that's -- the president has been an.
-- like that but one thing about developed economies and this really gets outside of the the political spectrum.
When you have a very developed economy your jobs are automatically going to it -- jobs you create as a nation will -- to -- most skilled workers.
And not people on factory lines unfortunately.
Two people in technology.
And there's is there any way though for do you really want to ship chart try and turn the ship so to speak.
And had -- other do you think about parents China but we're not China thank goodness we're not Communist thank goodness -- is developed as we are as in a.
Chancellor this is the past question is how do you as a nation focused on for example.
Advanced manufacturing jobs the kind of jobs that need the level of skill to program the robots to maintain a robotic client.
A lot of the movement of jobs of course right now is what has been in the past because of labor arbitrage they wanna take advantage of low wage rate.
But but if the advance technologies -- We should be manufacturing those kind of things we've advanced robotic lines in the United States to give up on that means that you lose the economic momentum surrounding each manufacturing jobs which creates another seven jobs in the economy particularly if it's -- -- manufactured so we can't give up my.
That is an argument that always thought that is always used to back cops say.
Giving loans to grain companies and you've been you've talked a great deal and done a great deal -- create Green job in this country but look no further.
The missile -- line made at made.
Obviously too quickly the company files for bankruptcy and now you've got the executives -- -- -- on Capitol Hill and I just wonder.
Isn't that.
Is that an illustration of how the government is not the best in deciding the winners and yeah.
I know the winners and losers argument I totally get attacked and saluted as an unfortunate example of -- up lost backed the question is in this country.
Do we place no -- or is there a role for government to help businesses be competitive is our partnership.
That can occur.
Mean other countries are providing access to capital so that businesses can get new technologies in the ground.
Do we say that we're not going to do that at all because if we say that those companies are going and they're gonna go to where they can make the best return we're not providing them that kind of partnership that's competitive.
Governor of love it for you to come back as we -- -- about taxes so we dot just about accidentally dot just about doesn't -- just about Michigan with love to have you back for it and they absolutely Jennifer brand home again.
Out with -- new book He should definitely pick it up on job creation governor story.
