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Former Verizon Wireless CEO Denny Strigl on why government regulations and spending are getting in the way of job growth, not helping create jobs.
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Just today after the president was up pushing Green energy on his energy tour a new report from the Labor Department shows Green jobs account for -- than.
Two and a half percent of the nation's employment joining us now for more on what we can do to restore growth and prosperity in this country.
Industry -- former president and CEO of Verizon Wireless great to have you with -- -- my pleasure nice to be -- Why is the administration pushing so hard on what is are relatively small percentage of our workforce when we have millions of people out.
What -- well Lou that that's very good question so.
If you look at what we should be pushing -- it should be where jobs are really created an and that's that's not where it's happening.
Or should we where should this president or should this congress be.
Focusing their.
Their initiatives.
To help in the process supreme you know I I think that we had too much help look to it to be very frank with you.
The marketplace will fix itself one of the reasons the markets have dragged the way they are.
Is because of the stimulus program that we've had.
Let's get out of the way.
We have too many regulations.
And we have too much help from Washington.
If if there are you say that and in that we and we have to remind ourselves this is all auction here I don't that it takes a lot of work to remind ourselves.
But we've counted a 106.
Teen spending initiatives that have and -- been brought forward by this administration in this election just a 160 dot Lulu what have sit down the unemployment rate is still eight point 3%.
And -- by the way it's encouraging news that's being reported.
But I wonder if it's really being reflected in the marketplace so what we have seen is -- a mild winter and early spring and I'm wondering if a lot of this job creation.
Isn't people coming back to work after a season off.
I'm wondering why.
How jobs can be created when consumer spending this off when the construction industry is in the doldrums when we have problems in Europe.
And and I'm I'm very skeptical of the reports that I am hearing now.
It to move to a point.
I we I would say that you know -- I would join you in some skepticism.
About the larger trend I have to say the I think that's I think that's for real -- you know that the actual number is another matter.
I'm a I want return for May quickly to the Hackett Group study talk about outsourcing jobs from the just talked about a long five.
Business practices are critically important here.
It's you know he was concern about outsourcing -- obviously the hacker groups that is little.
-- I I do not believe the conclusion of that report.
By the way if we continue to have economic growth in the in the range of the GDP at 2%.
And that report is probably correct that in ten years there won't be -- jobs left outsource however.
If we can get GDP growing again at 567%.
In American corporations.
Continue to grow they'll be plenty of jobs to our -- we've got a manufactured and we've got to that we've got to build in the industrial base in this country doing -- -- more than that yes that's correct but we also have to Begin doing more R&D right here at home.
Tech jobs are what are going overseas because we're not focused enough in our secondary education -- math.
And also in engineering it -- it's not happen the way it should yen until it does we're we're going to have a problem.
That we're gonna have to actually start teaching our young people are very.
That's a novel about politics approach for -- for our public schools that many of them anyway.
Thank you so much as -- respect of their artists to be.
