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Former McDonald’s USA CEO Edward Rensi on the steps, such as tax reform, that the government should take to boost the economy.
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In this big Donald's all data stack go you do have to be a little concerned about whether Washington is leaving everyone right.
Because -- former Mickey d.s USA's CEO Ed Bradley -- Politicians a difference to our debt and their spending has corporate bosses everywhere.
Spent.
Happy to see this kind of -- and are you.
I'm outstanding.
Little frustrated you know I see America -- front counter every day.
-- people are desperate.
The grassroots level all the way -- and now started you show up.
In the top 500 companies United States we are and very very difficult straits today -- when you started talking about this we weren't yet.
But you warn about that you can't ignore this problem think that companies can.
Ignore the fallout on the -- -- fast and fears.
Pound how bad this is yet I think it's getting really really dangerous because we're well.
All most companies right now -- survival mode.
They don't know what the future's going to be like they can't get access to capital customers are scared to death.
We're born really stupid thing for converting corn to fuel which is only half as deflation is gasoline.
Were set long great oil reserves natural gas soared one not -- with that.
We're out they're building the solar plants in the west in the desert who care energy can't drive motors without electric.
Because it doesn't have enough preempt -- this stupidest thing ever heard my life.
Well holder out as -- maybe on green energy a top.
But I am wondering too about you've been of bipartisan bastard just this indifference on capitol though and just sort of wasted time as we -- four billion dollars in debt every day.
But there waiting for November I guess for some closure.
What do you think happens the most dangerous thing in the world is a lame duck session -- -- -- every deal will jump that nobody's ever gonna be held accountable for.
Thomas Jefferson said it best if you don't have the money don't spend it.
We've got -- retreat back up away from the -- and -- get our priorities in line.
If this was a business we've -- president -- fire that CEO because -- doesn't know how to manage to balance sheet.
How to generate a profit or how to engage people the solve problems but -- -- hundreds hone -- what's changed don't want one and when I hear the tone change in.
Either the president or leading Democrats.
Dash capitalism are bash corporate bosses whether those bosses sort of -- exact revenge and they don't.
Too far the other I think that's ridiculous because nobody gets out of bed in the morning says I can't wait to -- to work and fail -- back.
Everybody wants to be so what I think everybody daylight -- -- sort of get them hiring.
Get them more optimistic get them expanding plants and -- Serious leadership of the country -- says this is a -- free enterprise system let's -- free enterprise work.
This put things -- position deal will be strategic like I like wow.
-- -- take a good hard look at the whole tax structure in the country's ridiculous.
Yeah I mention I got a house for sale at -- seven and a quarter I -- listed for 380.
My taxes went up 39% -- guy came down 49% -- anybody get excited about life when -- like that.
And if you're not excited this -- -- and we all but Abbas somehow we gotta get strategic leadership this says we gotta get this into this economy -- and again.
Do you think -- I don't want this is -- night.
A Mitt Romney a lot that if he lowers tax rates and -- just the notion that tax rates are going the bush rates David they are not go lower.
And you know that's going to be the case years to come.
That you're going.
To do things differently individuals corporate bosses do you buy that the -- and nobody talks about reducing taxes -- they want more capital to grow the business.
Unequivocal but it's also regulation business or so kind of -- that the township leveled the city level.
The state level that that -- -- deregulation act the national.
Look -- parents should probably need a 161.
Licenses to open up the business -- didn't -- absolutely.
If you know what about dog shop you gotta have a license for a caller to put their toenails and given the bath it's ridiculous.
Why can't we consolidate some of these things reduce some of the bureaucracy and I'll tell you why they don't know what it's like the RS it made about the people collect and that that is -- about the people collect -- paycheck.
The IRS are all federal workers and boats but they must realize that the more they push this the more engages the economy.
And they're very.
They're very job -- a lot.
We -- thanks -- -- yet you know they're sure a lot of evidence and says those people inside the beltway live and in a bubble lovers understand.
Washington DC is the only city United States -- continuous growth for the last what -- editor and editor and I go -- and an editor building on.
That I am curious when it would hit mcdonalds I obviously -- coming here to see you.
That's a seminal event because when people cut back either on burgers or Fries but I think -- impulse.
Purchases -- a lot of people you don't have to go to McDonald's.
On that's telling you some book -- price of gasoline went up like wrap this sales nationally on gasoline and I looked at the sales -- my four restaurants.
And they were exactly parallel the opposite direction.
What about when -- since come down it's been covering up again analysts who -- -- security.
You've got a situation where you've got 4000 -- came out -- household disposable budget.
And you're wages have only gone up about 1% X cross -- now they're scared to death.
People are tapping into 401K to make house payments -- use the savings to buy basic essentials.
School's coming up where's the tuition money gonna come from you looked at tuition -- colleges I do people baby boomers' grandkids.
My daughter's kids are going to call it the cost just outrageous.
So.
Left -- all those big issues on the president -- -- Sony can.
The big thing you'd like to see out of the big cheese is at least cut tax -- I'd like to see -- taxes go down in I'd like to have somebody stand up there and say America's great let's do everything we can't eliminate obstacles to success.
And -- it could -- -- glad to be very much thank you sir.
Then he speaks his mind you don't see a lot of that today --
