You're watching...
“Getting Steamed to Overcome Corporatism” author Ralph Nader on why Obama’s economic policies are flawed.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Where the jobs market slowing out of my next guest says that jobs act the president just signed willow won't really help pick things up.
Ralph -- is here the former presidential -- -- bestselling author to go on and on his latest book.
Getting -- to overcome what -- -- he's here right now for the rest of this -- go along with people who make you think.
Q where you stand on them this is gentleman he does make people on all sides thanks Ralph it's always a pleasure thank you.
Thank you -- first off -- and this jobs market it seems to be softening a -- Republicans say it's crater in the Democrats say it's stabilizing.
Was -- -- Well it's not gonna go through the roof anytime soon.
And I think he'll be around 25200000.
Jobs roughly a month after month the big danger is this Europe.
Goes into a deep dip.
But you know socialism will always -- save capitalism so.
If Wall Street and his cohorts those stars speculated more than they aren't repeating all the mistakes of a few years ago.
And various markets is casino gamblers Washington and the Federal Reserve rose be around to save them.
So.
Why is -- the president's latest jobs act going to save.
Everyone.
If there's ever miss name -- bill -- The jobs act really is a bill.
That invites financial fraud on many small investors.
Who'll be lured woods secret.
Invitations.
And lack of regulation to invest in these start up companies this -- repeals the good part of the securities act of 1933.
And 34.
And a small business now as defined under this law which Obama just signed.
As.
One that can go up to one billion dollars in revenues.
You know like 8998%.
Of all there's IPOs for start -- since 1970.
Have been under the one billion dollars so watch -- investors.
The boiler room is back.
So you argue he's helping the wrong folks.
Yeah it's not just made -- so a lot of Republican and Democrat.
Former SEC chair and commissioners.
The president SEC chair Mary Schapiro -- -- -- but it's got the name jobs so.
Obama signed it is gonna rue the day -- They get a job he's doing.
I don't -- very eager off foreign military policies just an extension even more -- of the of the bush Cheney administration.
From violating international law and drones and wars and going in any nations.
Sovereignty is senator etc.
Domestically.
He's turned his back on a minimum wage the minimum wage now by the way is far less and was 1968.
If it was inflation adjusted in purchasing in far from 1968 -- it would be ten bucks an hour the federal minimum wage of seven and a quarter.
Jim about thirty million workers within the range of seven and a quarter.
In -- you know Wal-Mart McDonnell wage workers.
Who would be helped who is good tens of billions of dollars to do is spend the money and create more jobs.
So it comes -- 170%.
In the polls that is keeping them minimum wage.
With the inflation Rick Santorum is supporting minimum wage keeping up until a couple weeks ago flip flop.
Mitt Romney did to.
So I think it's a winner.
All around.
And it will do -- do some.
Jobs go begging then.
We're let's say a lot of neighborhood -- Wendy's or.
A -- whatever where they do.
Advertisers say ten dollars an hour.
Did and a lot of kids for example just won't take if they can't sort themselves but what's the deal with that.
Well I don't know about the teenagers -- I know that ten dollar and our jobs and create lines outside in the I don't read -- say this is there's this has been well chronicle a lot of areas as it does not.
-- -- I don't know why maybe it's because it's an -- of people don't -- -- the work of fast food or possible with some of these industries that are typically considered.
The -- a lot of folks for some reason but it it it it -- it's gonna happen across the country what's going.
-- I don't know I of my information is there a lot more job applicants in jobs there are some specialized jobs -- -- they don't have the specialized skills.
But.
Let me tell you -- this is a winner for any party that takes it up first.
Is likely more likely -- Democrats and Republicans.
I don't know anybody.
Who doesn't think that the federal minimum wage should be equal to that in 1968.
-- -- excited right in my -- winners unite and respectfully disagree on that I don't see as the biggest U right now what I do see with the administration's trying to -- is this notion.
Things are getting better this latest soft.
Economic report notwithstanding Ralph that that they seem to be saying.
We are on the cusp of a comeback stay with us do you agree -- Well it's obviously compared to 20089.
It's a slow recovery.
But you know there's still fifty million people without health insurance is still fifty -- -- making makings.
Seven as a 891010.
Half dollars a and our there's still huge consumer debt still huge number of house home foreclosures and is gonna get worse before it gets better in terms of foreclosures but the indicators are showing you know some gradual recovery from the the --
