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Rev. Jesse Jackson on the Tension Between Business, Labor

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    Rainbow Push Coalition founder Rev. Jesse Jackson, Sr., on the need for business and labor to find common ground.

  • Duration 5:27
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And those that -- my next guest it's not just the radically disagree with the -- Jesse Jackson.

-- -- -- you right now reverend good to have you YouTube pulled alive he kept hope alive you know we -- equivalent that I -- but I mean.

There are a lot of people who crossover right where you hear -- -- for Charlie grants the former Florida.

Republican governors that is being here old -- Davis harder Davis and available are detrimental speaking at the Republican what what's going on.

There are real climate remains in -- was -- Jefferson Davis Democrats.

On the south became the go other -- in the Republicans.

The -- republic became the Johnson to and the Democrats that was and realignment.

But fuel.

-- That businesses to dramatically represented here are -- -- -- not there are somewhat to -- -- with the might just chatted.

But very few very far between -- and nothing like the numbers we saw a Tampa for Republicans now that might be.

The nature of the -- Republican said -- corporate crowd.

But they made its way to make you get disproportionately selling their speaker roster not here.

Will a lot of labor and Syria and now been -- -- in the other day of business and labor and labor part of the problem.

Null and people working -- getting waits -- -- this part of solution.

Who must uncover a lot of public sector workers here in the event -- taxpayers and so he's sitting right do we know -- -- -- -- we did business and labor the find common ground alcohol within both.

Right now I think -- I don't think that -- radical.

The radical poll was this is not good clock auction.

Business need to make profits not workers -- make -- and everything Barack Obama's perpetuated that.

-- not.

You don't believe -- I do not believe that I don't know.

Because we've seen some of them were I don't know I don't think we've -- so -- that -- -- -- -- will be we will work and more.

The loan will make a list Toobin at -- what we're.

Private capital is that when he goes after private capital -- do you think that's there actor there right when even Bill Clinton says and Deval Patrick say.

Before the president -- and then that there's nothing -- about it.

Lives -- -- does -- then let's -- but these banks were about the Glass-Steagall act was remembered risk that they took off.

All these banks took little booklet.

Read the bailout debate December with the the economy and that the good thing but not -- deliver them -- the reinvestment so now baking.

Must have a more responsible -- yeah.

Ever think about that you know we get this -- -- the community reinvestment act and the banks can be blamed a -- for a lot of things.

But it was a -- in congress that the Dodd Bill Clinton that the Dodd and others agreed -- -- George Bush -- stand and and heightened lending.

Do pretty much anyone -- -- -- did we go too far and -- actually help.

We -- today -- -- -- the into the CRA.

-- gazans sub prime lending.

But -- -- lending at inspect congress was not a blank look to the extent that congress -- not do oversight there were the blame.

But -- upon themselves look good with fueled -- -- Go through them -- capital -- bailout the banks homeowners have not been -- So let me tell you -- the new financial reform Dodd-Frank -- whatever -- calling it.

Do you think that if we ever had a Bank of America and that's the big speech Libya BankAmerica stadium on Thursday.

That if that's in trouble we're just gonna -- to go by we're letting go the law says you can't be too big to -- you can -- to believe that.

It was a mistake to be to dispute the big the -- -- -- be the exist you could you can you can not survive all well.

Global oversight and monitoring vision that mothers to be too big to fail.

Let another after the BankAmerica -- to break reverend do you really -- watching that would turn -- back and let it down.

Well not -- -- It's well it's billion -- -- many other people that that's that that's the bill and how well the law was supposed to stop for a world that's the delicate balance between making any judgment based upon.

The goal budget bill that that time quality -- with a collect the globally come with a collapse.

Is I think this is the bill amount the right decision but you don't -- let it led to a slippery slope that we bail out everybody now.

But did not because sometime tonight it's of the those so for example have built up all the -- -- industry.

Now the battle with the other one of what all the -- Alden.

Germans and Japanese to make real good because now we've -- now -- -- of them on the Vietnamese.

Workers are working three shifts again.

Who -- because again the government have the rule developed labor and that labor and business.

There -- not finally sir -- bits of this with you the other day.

You can make a very good argument that Barack Obama.

Would not be -- -- today without Jesse Jackson paving the way.

Well how little -- but then I would not be how well laws of that -- remarks to pave the way.

And -- the -- could do is all connected role.

-- you made a very credible run for the nomination you electrified.

A convention crowd and I -- people stumbling all of that are well along the way we -- armament polish president Barack Obama what time.

You see it was in the student ousted in the audience and not Colombia well the bidding hall Mundo -- that he wants to the millions that.

This can happen.

-- have some little on the way out Clinton's some -- so we have you to -- Will -- -- -- the Playtex.

Jesse Jackson thank you very very well look -- resident of little all right -- you like him.

You're gonna say notre Romney I want him reelected okay -- that is a shock but the Fox News alert right there just -- -- the.