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Boston Properties CEO Mort Zuckerman on what the Administration needs to do to boost the economy’s recovery and job growth.
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Half time that the media is going full throttle what they've Barack Obama a lot on but -- the -- media saying he's the president of their dreams.
New York Daily News owner and publisher Mort Zuckerman says that they really think he's the best guy for the job they must be dreaming -- but for the president in oh wait.
I -- have buyer's remorse you know struck me as someone that would ever have buyer's remorse about any thing but on this particular point.
Well I mean and I had enough exposure to the Obama administration during the first term.
Both directly.
In interactions and through his policies which I disagree with.
-- I just became disillusioned with them and therefore could not support him going into the second term particularly because I thought his policies dealing with the economy.
We're very shortsighted ineffective and shall we say.
And wrongly focused.
But -- yet he'd been criticized in the first term for picking the wrong advisors a -- well.
-- on -- Austan Goolsbee you know who came from the university Chicago mean not -- so now he's got a second chance and a second term to bring.
New blood and what do you think at a cabinet that is forming now.
Well I think some of them are pretty good to be honest -- and I also thought Austan Goolsbee was pretty good.
But I still think that the policy -- he ultimately decided upon word driven more by politics and ideology than by their pragmatic effect on the economy.
And that's been the problem that I witnessed that directly firsthand as I watch their decision making process and that to me was what.
The core of the problem was since -- this this is not exactly.
It's not an easy problem to solve but it's not an insoluble problem either and you know there are a lot of practical businessman and economist who had very different views.
He followed abuse that he decided to follow and they might get -- where the wrong views and they didn't work.
What do you think that he could do in his second term to be a true.
Leader and not a politician in west at leader I mean manage as and manage a business of the United States what do you think he could do differently.
Well I think K he has to be pragmatic rather than ideological and by that I mean.
You know you don't go ahead and attack the business community up down and sideways -- at every location I mean you have to rely on the confidence to some degree.
That they have to have not only in the economy -- any administration of the economy and that confidence is actually lost I never seen more.
This may in the business community in terms of what they feel about the national leadership of the economy.
Than what we are now witnessing and I've been watching it for curve and thirty or forty years.
So I think that's a real problem many if he doesn't care that his problem because it's gonna have direct and negative effect on the economy.
Problem for I would say CEOs and leaders that come -- the this -- network like yourself as that on the one hand you're frustrated with the policies that you're seeing -- in extra regulation taxes take your pick but at the same time.
This is what we have for four years and he sought to have I would think some type of relationship with with Washington and with the administration and how do you balance the frustration with doing business on a daily basis.
-- ballot could very easily -- write editorials attacking the president's policies which I've done.
Quite frequently on the economy and frankly it's clear you can see it had no affect.
But it doesn't mean they were wrong I still think they were right and I think a lot of people feel -- right I -- the huge response to those editorials except from the administration which doesn't like criticism.
Well how would you.
-- to hear that you're the person ask how would you create jobs this country we are still saying predictions of unemployment is gonna.
Remains stubbornly high this year and you get people the people or working they would feels a bit better.
-- -- the these are not totally original thoughts that I have I would have a massive infrastructure program.
Which I would financed with federal money and have -- be told project.
-- -- projects.
So that ultimately the music would pay for them and would just be an addition to our national debt which we cannot afford.
But I would really -- that dramatically.
Just as the interstate highway system so improve the efficiency the economy because the economy to jump.
This is something that would have been.
An absolute multiplier effect as these kind investments always have.
So -- would be -- beneficial on many levels including the fact we have something to show for all the money we're spending that's number one number two.
There is a huge shortage of trained people in the economy there are millions of jobs that are.
Literally sitting empty because we don't have the qualifications.
Amongst the people looking for that job so I would dramatically expand.
The education particularly the science technology engineering and mathematics education at all levels.
That is something that I would do I would provide additional scholarships I would bring in.
The foreign students who.
Who have come here and wanna stay here and work we're educating them -- sending going back -- and mine yet.
And now the mind yeah they are competing for with countries and companies that are direct competitors and we won't let them work here this is insane.
Let's talk about -- you have a lot more to say about this topic now they're looking for your writing on it as well -- Zuckerman thank you very much for your Iowa.
