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Former UBS Americas Chairman Robert Wolf on sequestration and the President’s relationship with the business community.
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Wells latest about those in the business community -- loved direct the president my next guest says.
They've done pretty well under this president markets -- almost -- -- and and the Dow is not give the door of an all time record that might happen as soon as tomorrow.
So don't tell -- UBS Americas chairman Robert wolf the Barack Obama is Wall Street's unduly.
It's Obama comp adopted frost bank the White House listens everything this -- says he doesn't need to security business Watson.
He says that the president's actually -- there salvation.
Armed -- with very good as always thanks Neal we'll nicely and we are talking on the cold this is that it here.
On what do you make of that of the business community still leery.
Of this president.
But.
You argued they've done okay.
And actually I think looking for the business community and the president probably aligned more than they have -- have in the past four years they're pro immigration reform.
They apps we want corporate tax reform.
They don't want the debt debt ceiling as part of a negotiation.
And so I think if you kinda look at where he's going over the next few years they actually -- very well and I would tell you.
The recent calls that we've had between the business community in the White House which is bipartisan more -- parts than ever before.
I think you -- to see a lot of alignment they didn't want the fiscal cliff and they sure as heck don't want -- sequestration.
On.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- I'm not even sure who sort of -- but it's been agreed to by both sides.
Now you don't want.
Do you think.
It's presidential.
Too skewed to Jesus and of Americans.
You know what it it's addressing I've spoken recently the president but more you know what's I had Austan Goolsbee who works as part of 32 advisors on a recent call.
And he was talking about the impact his view of sequestration.
As a percent of GDP and the unemployment part.
And and the fact this it's at 750000.
Jobs not scaring anyone this is the CBO's numbers this is not the president's numbers.
You have Bernanke speak yesterday Bernanke is speaking from his perspective.
And you saw what he's done to -- stock market by keeping rates low.
But he said that this economy is not ready for something that blunt about the economy was.
