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Sen. Ron Johnson, (R-Wis.), on why he is endorsing Mitt Romney and what is needed to help boost the economy and reduce the deficit.
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Respond.
Joining us now for more on the presidential election the economy.
Senator Ron Johnson member of the Appropriations Committee the Budget Committee supporter governor Romney senator great to have you with us.
-- -- Let let's start if we may with the administration touting the creation of jobs over the past -- -- six months.
Startling.
In that we have seen a workforce that is actually diminished over these years.
-- You mentioned that eight million people -- million people given up hope.
And I guess -- kind of grasping at straws video -- if you actually.
Where did have the same labor participation rates we had when this administration started the unemployment rate would be eight point 1% in -- ten point 9%.
That's -- more accurate picture of are really what's happening economy.
And against that backdrop governor Romney.
If he is successful -- his campaign to.
A replace President Obama what is he going to do.
Differently.
In the shortest possible time for.
Well first Roy brings a totally different world view and experience.
-- worries -- So enthusiastically endorsed our governor Romney is he actually came from the private sector he understands it he respects -- he he knows what made America great.
The private -- the free enterprise system not government and so I don't.
He understands that we have to have a competitive tax environment we have to have a competitive regulatory environment.
He also understands we priority use our own domestic energy resources build the keystone XL pipeline create jobs in -- private sector.
Infrastructure spending not government so -- I think he brings a totally different viewpoint you would take this country totally different direction.
And.
And realistically.
Senator what -- this president.
This president President Obama.
What could he do in the next six months that that might -- you.
You mentioned XL pipeline he could reverse course on that I suppose he could move forward you would be pleased with the budget I presume.
If it would be nice federal budget passed and -- -- -- three years and we've done that they'd also be nice to have a serious budget proposed by this president you know last.
Last year his budget lost zero to 97 and senate.
This year his budget lost zero to 414 mean Lou we were going to be wrapped up about five point three trillion dollars worth of deficit spending under this under this administration.
And his only solution.
Would be the budget the Buffett rule would to raise about twenty billion dollars over four years vs 5300.
Billion dollars of deficit spending.
And this president actually said that was stabilize debt and deficit.
He simply doesn't have a -- so I'm not sure there's much that this present -- -- to a convince me the next six months.
We've heard governor Romney talk about 4% unemployment is a is a baseline.
But we're not hearing.
What will be the economic growth rate of this country -- -- we can move to prosperity.
Job creation and I and I take your point senator it's great to talk about removing unnecessary regulation.
It's great to talk about removing.
Well.
Spreading the tax base -- You know all -- great.
All of it takes time we got one -- three million Americans now you know very well.
Who have been in paying for a very long time we've got five million people on disability for crying out loud over the past three and a half years.
It is we've got to turn this thing -- what is it going to take.
It.
It's gonna required to you know inject confidence in the -- economy remove the uncertainty and a lot of problems are dealing with not -- business 31 years.
And the regulatory environment in particular -- grown onerous over at 31 years layer after layer after layer.
And we first have to show the American people that we are committed to reducing that regulatory -- burden that's -- we start injecting some confidence into -- But that's of Ronald Reagan did thirty years ago he came in.
Very tough economic situations.
But basically what he says let's get government out of the way.
This president came in tough situation but it's about -- -- government and he has grown government it hasn't worked.
So Mitt Romney understands how the private sector works he understands you've got it remove those -- regulation.
And just basically by making that point I think wouldn't it just dramatically increased confidence because.
Let's face it we're actually growing a little bit.
After this president is put this full full -- I'm job creators.
The American economy is a marvelous thing it wants to -- people want to consume but they have to have a confidence I think.
Making sure the president bombs one turned -- president will inject that table conference that we need that I think really things to turn around pretty rapidly.
Senator -- -- -- review results senator Ron Johnson banks have to every night.
