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CaptiveAire Inc President Bob Luddy on the impact of a higher minimum wage and sequestration.
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If you good President Obama yesterday.
Who would have thought we were looking -- Armageddon if those spending cuts go through on March the -- Question would -- 2.3.
Percent cut in spending really be that catastrophic.
Let's bring in Bob laden -- business -- -- a lot of people in this Obama.
Economy and we welcome into our program dude do you believe that -- -- the president outlawed absolute catastrophe for the economy we cut 2.3 percent what are you so.
Well the president's news conference was pure show.
-- the reality is that he proposes this sequester.
A couple of years back now he's turning around and saying that it's catastrophic.
The president is against all cutting government spending -- matter fact.
Based on the state of the union he wants to expand government spending down a -- I've got a couple of issues -- wanna go through them fast with.
Because you've built your own business you started I don't believe in your garage built into -- sizable business that operates all across America you've got boots on the ground in this economy so what your reaction to some of of president Obama's policies number -- Nine -- -- minimum wage what happens terrible terrible idea.
It cuts off jobs at the lower level and the reality is if you get a low in job it's a way out of poverty it's not poverty.
It's a way that you get mentor to greater success in the future -- tax the rich that is a baseline Obama policy what do you think of it.
Another terrible idea when -- -- tax the rich you take money away from investment private investment creates jobs and grows the economy.
Obama -- baseline Obama policy what do you make a -- Terrible idea even proponents of obamacare are now realizing with the taxes.
And the regulation.
And the -- pollution of our entire health care system.
It's going to be very very difficult particularly for small and growing businesses tell me how all the business people -- -- level another call you a small business opera because you've grown you're you're pretty big these days but people act -- level.
Do they share your opinions about these basic Obama policies.
Absolutely.
You know in in past years business people have been more ambivalent toward the government.
But with President Obama high taxes continuous regulation growth of government.
They're realizing that they cannot be job creators are investors in this market.
And I think what really concerns business people is that the government keeps building this debt.
Somewhere down the line we're gonna have another financial crash.
And that it restricts their ability and their willingness spent to invest Howell what wolf what's your judgment of the state of the economy.
I think the economy is trying as hard as -- can't recover between and it is recovering.
But every almost -- pres Obama has a new idea.
Which is counterproductive.
And and I think it it worries people.
And if if if we would have no new government spending cut taxes.
In a very short her period of time -- have a robust economy and our deficit would be cut its not gonna happen though involved come -- that's not gonna happen.
It's just not going to happen is it.
It doesn't seem like that the president wants to grow government not jobs.
Bob -- you're welcome -- to this program is good to have you with -- we want your opinion again in the future because we want to.
Contact people who've got as I say boots on the ground in this economy and you have.
Bob lobby every -- thanks for joining us and we appreciate it.
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