Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Have Obama’s Policies Helped Job Growth?

Details

  • Description

    Obama Surrogate Phil Angelides on the state of the job market.

  • Duration 3:48
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Ever jobs report is -- Angeli bees he's in Obama's.

-- -- financial this inquiry commission -- welcome back to the show.

I'm going to be with you listen -- you've got to go ahead and spin it for us I mean why is this a good although let me start.

Let me start now something that what are you guess was talking about that this was a trauma the financial and economic system.

And if you look at the long history of climbs out of financial crises.

I can -- often Carmen right -- in there.

Very well -- study it generally takes seven to ten years but what we're seeing now.

Is a very strong and steady trend line five point four million private sector jobs created over last 32 months.

Hot consumer confidence now at a five year high.

We're beginning EC to how -- our economy recover and in fact I'm in a community here -- extraordinarily hard hit.

So the trend line has been very clear and consistent we need to accelerate -- but my strong belief is as president Obama's policies.

Of investing in infrastructure and clean energy and education and beginning to thoughtfully balance a budget that will allow us to continue to accelerate.

I mean investing in clean energy infrastructure we saw those shovel ready jobs that -- shovel ready that money wasn't even completely spent.

Look if you look at -- I -- that's like to point to that five million jobs of the private sector has created it's always interesting what timeline you choose to pick -- mean if you look at.

The real timeline that you should take credit for which is starting in January 2009 when Obama took office.

We have a 194000.

More jobs than we did when he took -- -- -- for years.

It was me and husband and I like -- -- people are have to Wear assess.

Yeah -- -- when he comes and office were shedding 800000.

Jobs a month because of that bush policies that collapse on Wall Street.

He got to give the guy a little time to get the house in order.

And let me be blunt about clean energy it's been a net job -- in this country.

The solar industry the renewables industry has grown now in California we got about 300000 people working in the clean energy industry about three million.

Across this country so I think if you look at the long term trend line it's very clear and very solid and let me say saying about the Reagan comparison and you know Ronald Reagan started his re election year and -- forward eight plus percent unemployment he got below 8%.

President Obama now has gotten the unemployment rate down a full point over the last year so the trend line unlike Jimmy Carter -- The theory that different kinds going the other way exit went up this bond went from cent billion to seven like China you're talking -- -- energy having solar is what you want to highlight.

More bound morsel lindros I mean we've had story after story of solar energy Melissa companies trying to -- that's what you guys -- -- -- Well.

The fact is been a growth industry overall so there can be right -- Republican spends on that but over the last year the unemployment rate.

What is well how much tax dollars and look at the hands dollars and now -- behind it.

Can I say is analysts again the president old credit -- net more new jobs and when he took office in that -- 192 biggest financial.

Well -- in the wake of the biggest financial disaster what is Romney do.

He wants to see you regulation -- -- people who need morning -- had to bring us to pursue or years he was 491000.

How long -- is -- to -- sixteen million.

Back to -- a busy for years 494000.

I'm gonna be today she -- I'm -- back to work you've been talking a -- -- give you the last word.

-- give -- -- Stuart Rogers wants to deregulate Wall Street tax breaks for the wealthy and he wants to do European style austerity where the eurozone has eleven point 7%.

Unemployment it's not where we want to go now.

Load More