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Joining us -- through my favorite American voices John gambling WO radio talk show -- friend and colleague.
Fox Business anchor Cheryl Casone Lori Rothman also Fox Business anchor both friends and colleagues -- jolly good to have you all with us.
Well let me start with you -- informational.
The idea that this.
Senator Reid can say -- to the American people that the private jobs are fine we've got to worry about those public sector employees.
What in the world is gone.
While I mean he's looking to trying get at least some portion of the president's job bill passed and that's probably not gonna happen but he's trying to at least salvage some of it.
He wants more stimulus funding probably for Nevada probably for many other states.
We lost one point six million private sector jobs.
Since this president came into office government jobs stimulus spending has never been the answer it doesn't work the private sector has to rebuild has to grow.
And they're not going to do that right now in the face of all this extra new regulation that is coming Dodd-Frank the Volcker -- what does all of that gonna do.
To the financial system but government jobs even temporary don't.
Stimulate the economy we've learned this let's not go back -- your thoughts John.
Well I'll tell you Lou.
By -- federal employee jobs have actually increased.
By some 76000.
I don't know what planet Harry Reid is coming from but it's -- it's a bold face lie.
What what his statements -- the yesterday about the private sector be doing very very well and the public sector's really and and in dire need.
This stimulus package is just like the last one it came in it was it was directed focused on the unions.
Police teacher -- -- through it if it did indeed prop up.
Some jobs but as we have seen in New York State and we've seen around the country when those monies dry up.
For the states they have to go back and lay people off once again it's a complete temporary situation.
You know -- -- occupy you Wall Street demonstrations going on this president talking about teachers and putting them to work.
We're gonna have hundreds of thousands of teachers per year added to the rolls no matter -- We've actually seen teachers employment.
The rate of enrollment in this country student enrollment in the country -- the past decade.
And -- look at this debt you wonder why is focusing on teachers from.
I mean this drug war Morgan were looking at.
Particular undergraduate loans student loans.
200 billion dollars last year Americans taken out and student loans.
So basically all in Americans are indebted for their student loans one trillion dollars -- -- that surpasses what we have outstanding.
On credit card debt and it just goes to show with the nation with 9% plus unemployment how desperate people are to get -- to -- to even retrain themselves.
Into the jobs into the industries where there is demand but the other part of the problem Lou is that the housing market so many people are underwater and the mortgages they can't afford to move.
I'm black and retrain take out this money but they can't get to where those jobs are and the.
First thing this president does is move 35 billion.
Instead -- and calls it a jobs program instead of dealing with a single one of these.
Horrible burdens that are being -- right now by the middle class in this country.
It makes no sense the Republicans.
Big debate -- your reaction to do that the issues they took on whether it be illegal immigration are one another's personalities.
I really interested in -- Herman Cain had to say I think -- 999 -- he'd I think you got very beat up obviously on that -- I think that He had a lot of credibility issues.
He fought back He held as -- -- even yelled as ground but even art Laffer who advised.
Ronald Reagan came out and said you know what he's gonna have to probably change some of that there's there's some holes now in this 99 and -- I think for -- and we should point.
On our Arthur Laffer originally set I love that they the idea John your thoughts there was there water well.
Well I think the 999 deal is is a good starting place say it is going to have to be modified but it at least Herman Cain has brought it to the table.
We understand that Rick Perry is putting together a plan.
We don't know when but he's putting once again I love this -- That I made.
That would come I come on Rick don't you think you should come to the game a little bit more prepared than that I mean this is not some small little item we're dealing with here when it comes to tax reform I'd also like to make of my hand -- another comment about the student loan situation real quick if you will do things that -- yell real fast one of the things people don't understand is.
That the government you have to pay these back.
There'd be Bailey will claw back so every kid that has alone we'll have it for as long as He -- rest of his life.
And that's the troubling thing is that this is that kind of debt that's.
Not gonna be forgiven in any kind of bankruptcy so the real losers there.
Are these students are these young people and it's gonna have a broader economic impact because people are gonna delayed buying cars getting married having kids.
So we're facing some longer term economic troubles because of this huge amount of credit outstanding on a student loan front.
-- -- -- John thank you all appreciated that actually much --