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Boston Properties Chairman Mort Zuckerman argues Obama’s economic policies have failed to boost growth and create jobs.
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Out of it right out good business -- -- -- -- -- -- believe and indeed presidencies.
There are those seminal moments I think early on.
When more talk a bit of Barack Obama supporter did Democrat I wouldn't call it like a mindless liberal but liberals.
The departed -- and and at a serious.
Parting of the ways of the president on his policies and what he was missing I thought that was the first worries and -- to go up floor.
The White House and you argued that since that time -- They have -- more receptive to your queries have -- No I don't think filled with -- have their own policy -- Military policies that I found.
Shall we say lacking in their effectively if it is true that.
We are not losing eight that a 100000 jobs a month but we've had the most stimulative fiscal and monetary policy in our history.
And we still have millions of job with that we're short of well when no Obama came into office that the program that in my judgment is a failure.
By its own terms he -- the unemployment rate would never get above 8%.
And that would end up at this stage below 6% well -- got up to over 10% and we're still above 8% for 42 months.
Which is a record so this is my judgment is not.
Statistic that supports.
Any judgment that this is anything other than a failed policy.
Now what do you make of the argument I guess the president will sort of Nazis tonight more is that.
Don't judge just over from the very beginning of the presidency does just that the work week we had to do what the mess we inherited.
And that -- from the time our recovery really kicked in.
In early 2010 not when we assumed office in 2000 -- that it keeps out of from early to what extent.
Greg -- have happened improving -- it happened what they get a.
When I think we should just look at the fact that the economy is growing at a rate of under 2%.
In the face of this extraordinary fiscal and monetary stimulus which is unprecedented not a -- If you think that this is today -- at an example of a working policy then you and I have followed the economy and very very different way it should be growing typically.
With the kind of stimulus we have a closer to 8% and were under 2%.
That -- growth in GDP and the very very anemic growth in terms of employment so we are faced with huge problems and I think these problems are gonna live -- for quite a long time.
When you say a long time how long but nobody quite knows but I think it's going to be several years before we really get.
The on this and I don't think by the way that we're gonna get through this.
As long as president Obama's press and and one of the reasons is that.
We have made a point of as sort of turning hostility.
And anger in the country to try and focus and against the business community.
But this is not the way to solve a problem okay what you do with trying to unite the country.
Together to try and resolve that problem and this is one of the things that -- a lot of different people the -- -- -- -- -- -- -- -- -- Anxious about where this economy of.
Going.
Mort Zuckerman thank you.
Always good having you want.
What was -- real estate back.
