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Former White House Council of Economic Advisors member Matthew Slaughter on the steps to boosting U.S. job and economic growth.
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Its job supporters raising questions about the strength of the US economic recovery.
Our next guest says -- no companies will create jobs until after next year after the presidential election.
Joining me now by phone as Matthew slaughter associate dean of -- tuck school of business MBA program.
Matthew it sounds almost like this sinister plot not some I am I'm brand type thing.
Why are businesses going to -- till next year.
What a concerted that was last month slowdown in hiring by American companies will continue nobody knows for sure it will -- it was a little worrisome that the greatest.
Private sector job creation fell by half.
And a lot of surveys continue to show that big a little businesses in America -- owners and leaders they're worried about a lot of things that worried about oil prices there were at about Europe.
They're worried about the fiscal outlook for America so it would be great if we could put into place.
Before the presidential and congressional campaigns kick in and full force some policy to try to help support hiring by American companies.
Now what about now those everything's a lot of that perhaps not in the hands of it -- you know all Europe fiscal -- Did the taxes that I that I talk to business leaders about -- January 1 2013.
All of that taxes that come into play.
This spending cuts that come into play.
All of those things hitting that's a one time I'm told is going to be a knockout blow to our economy.
So convenient way to great point which is nobody ever met at well under way to do -- is concerned about the Middle Eastern oil prices in Europe.
Produced edible things in Washington DC their leaders can do.
Big tax reform to business integrate what president has put forward some proposals are folks from both -- of our congress has done that.
That's something that's a piece of the fiscal picture that we can do to reduce the burden on American businesses for the taxes they pay.
That would help support job growth and give -- a little more confident with these other things that are out there.
Matthew we've got just over -- eleven though Friday's jobs report do you think that we'll put that kind of pressure.
On this current administration to do things like you know you're talking about for instance.
New free trade agreements and things like that do you think it might create its that the burden is it otherwise might might not be there.
That the current you know -- and -- to be equivalent it was.
Wonderful that we kind of free trade agreements with Korea and Panama Colombia but we haven't negotiated and implemented I didn't want that so that's what -- -- a lot of companies big and little America are looking to tap into the growth in Brazil and China and India trade agreement not content to help with that so instead of -- -- with countries like China over protection for industries like clean -- what I try to introduce and dynamism of trade investment liberalization than in those industries.
Yeah because I get -- today just the notion that we could have some sort of amazing gridlock going into it.
Uncertainty next year I don't know I think of businesses aren't -- to deploy money and our cash now.
It's not gonna happen instantly on January 1 that's for sure met him a big Fannie working really appreciated Matthew slaughter -- tuck school business we appreciate it.
