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American Electric Power CEO Nick Akins on what is needed from the current Administration or a potential Romney Administration to boost the economy and...
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You can understand why more than a few Democrats have already started -- -- shouldn't be in this pickle they're figuring but they are.
So the president's -- today starting in Ohio -- get a believing again.
Even though many now are not.
Including my next guest -- as yet senior out of the president -- opponent for that matter.
The kind of big picture out of the box ideas he thinks are necessary to jump start -- economy.
That's sorely needs powering up and he should know about powering up the gay kids as the CEO of Ohio utility giant American Electric Power.
That's very good to have you thanks economy.
Great to be year yield but like that you're that you're very -- you know it it's it's sort of like.
Cut through -- that the party -- -- and and and get to the big issues that need addressing some for you that would.
That would mean what what do you want to see.
Oh I think the actions need to match the rhetoric -- this thing yet.
That regardless of -- the the president becomes certainly governor Casey has been supportive.
-- job creation within this state focused on manufacturing.
Particularly in the automobile industry.
As well as the rolling gas industry -- become in play in Ohio so it's important not just in Ohio but into our our our entire eleven state.
Jurisdictional area.
-- that the economy the economic upturn is really tenuous at this point so we need to be able to have job creation.
An economic recovery in manufacturing is key to that.
So -- try to opinion suicide even I know your general about these things but the president was talking not more government today Mitt Romney was talking up I think less government.
Some meat saints.
Mitt Romney is more to your line of thinking or do you find something in what -- -- -- the president that did.
Could be benefits.
Well how about supportive government because I think from a regulatory standpoint.
The EPA in particular has been very.
Very troublesome for activities and -- in the energy industry.
We have been really focused on job creation providing an energy plan that's ballast and includes -- that includes natural gas.
In other forms of energy so -- -- listen -- the presidential candidates on the one hand.
And the president illustration you can view it based upon historically what has happened here in the administration.
And what we've seen has not match the rhetoric so when.
-- about no options are on on on the table -- committee he looks at all sources of energy.
You say is actions haven't borne that out.
I think the administration -- agencies of the government which he's responsible for.
Have have chosen winners and losers can you hear a lot about.
The death of coal.
And certainly when you're trying to gain jobs in the economy it makes no see that's.
To retire 25%.
Of the coal -- in this country a large portion of that in Ohio.
At the same time you're trying to create jobs.
-- an easy always it would make sense energy would be a passion what about a big old tax cut and that that that's something that -- your colleagues regardless of the industry.
-- I think tax reformation is key in this certainly from -- -- national tax perspective but also looking at.
Dividend taxes our industry is very capital intensive so it's important for us to have -- -- And dividend taxes vs vs other tops of taxes that that may occur so we.
Surprisingly though on overtaxed he's gonna get a big business that I know but a lot of your investors investor B deal the dividends if they're -- substantially higher -- that their -- what do so.
On nick thank you -- very much very good having you.
