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Great for April ticked down to seven point 5% ninety drop is encouraged but may -- we can learn a thing or two from Nebraska where the unemployment rate is three point 8% what are they doing right.
That were doing wrong let's head back to Liz she is live.
Joining us now on a Fox Business exclusive visit Nebraska governor Dave Hyde about.
Yes it's a busy -- I can't believe this -- got the link good barrel barrel a thug yes.
This is very exciting to have the Berkshire Hathaway annual meeting here to have you here -- again and welcome to Nebraska.
-- all of your team we're pleased to have.
David has been started by five mentioning your very low unemployment rate as it compares to the national rate.
Can just cut to the chase and give us your your secret sauce because at this point we look at what's happening in the nation while the seven point 5% as.
Markedly down from the hi -- we -- the height of the financial crisis clearly knew at three point that it keeps changing to three point 8% are doing something.
-- is what I think we're doing right is we believe in the fundamental.
Financial principal I'm sure -- degrees of us.
We don't spend money we don't have we don't do -- -- -- budgets and our business or in government.
We tried to keep our tax rates low regulation low we have focused on two issues since I've been governor.
Education and jobs morning educate our people given the very best education we can give -- there will create good jobs right here rest of the course Warren leads that effort every day he he certainly does but this week at a particular parts of supporting.
Billion dollars to -- at least the.
-- -- -- -- -- There is always talk about the -- -- he doesn't have this meeting.
I don't think it well very capable managers at Berkshire interesting people -- will ever draw a crowd of 35000.
What kind of hold wouldn't leave if this meeting a 35000 shareholders goes away.
Well it's certainly it would have a financial impact but you don't want.
-- is unique individual.
The smartest investor in the world my opinion.
Intelligent individual in the way he manages the Berkshire company still gonna go on.
It'll just be different we'll have to see that impact eventually but.
You know as he says -- go live to be under her morsel that's a long way off -- -- -- -- that they've asked as a question didn't go ahead.
Yeah and I I'm not sure whether the governor -- -- -- -- -- issues with a governor he can't hear me maybe could pass this message on you know the Keystone Pipeline of course is one of that.
One of the things a lot of folks in Nebraska are are hoping gets done so that they can.
Actually employ even more people -- they've already been -- point I'm just wondering if the governor.
Is concerned that the EPA the Environmental Protection Agency may be trying to kill it.
It wants to know she -- obviously which you were against but that once they re routed it through different areas of Nebraska UB.
-- became four at how close is it and are you concerned that -- -- -- -- protection agency might stall it or prevented entirely from happening.
You know we've done our part we did the environmental impact statement we moved the route around the and are really sensitive sand hills area I've approved it.
It's on the president's desk that.
I -- to say yes but it's time to say yes or no we need -- decision.
I don't think the EPA should interfere in that regard this is all about jobs than at any energy independence and did you find them.
Who are you worried at all about any kind of environmental impact affect -- was reading.
In all -- -- papers that there's -- concern that the welders.
Of the actual pipeline that they won't be inspected quite independent inspectors -- -- for -- some concern it might be.
A little less sick.
You know Petraeus -- have -- already -- -- -- training exercises with our people.
With security and that's why I think we can overcome it.
Now you could never be a 100% sure.
And that's why you need to monitor everything -- solid going.
But I'm confident based on our environmental impact statement it would be minimal in nature localized in nature and we could respond immediately.
Part of the worry was from the farmers -- that's a great farming community but that's what you also did in the state is you -- Not a wave from the agrarian society here but you wanted to brought it and expand it.
For people who don't know all the hot and Nebraska are called to a lot of fortune 500 companies cut back great Union Pacific not just Berkshire Hathaway also got Ameritrade.
What -- -- have you tried business.
-- we draw a business to be -- great business leaders let me just talk about Berkshire Hathaway for a moment fact that most people don't know.
If you look at insurance assets that are domicile to Nebraska in our state that's thirty lyric by population.
We -- the fifth in America insurance assets in this state because of Berkshire Hathaway and other insurance companies.
So that's been a great industry manufacturing.
Like you say ConAgra all the food processing.
Processing there -- a lot of great companies who decided to locate here.
Also another fun fact is there are more multi billionaires and all -- -- That almost any other city in the nation because of people who got into the stock currently and David you've got to hear this as the governor quickly told me he sat down.
You've got to do cancer center named after.
A cousin unload the buffet family caught -- early but also.
-- marry somebody who was since -- -- -- daughter's baby -- baby -- so there's that connection but.
You know we talk about all the time the -- millionaires -- millionaires he knew what they've done for Nebraska they give it back.
This new cancer research so there's a good example.
You walk around this tale about Dick column what he's done -- -- -- performing arts center.
There are just incidents after incidents of people who given back to help build this community.
We're striving were moving forward we're very grateful -- shop well thought if you're still doing it governor Dave Heineman thank you for joining us owners aren't this video that's explosive.
David your body -- army Rangers they got -- -- thank you gotta thank the governor for me in for a lot of families where vets because he has done so much for veterans coming home from the war in the state of Nebraska again the unemployment rate there for the -- is the lowest in the country former army ranger actually graduate of West Point as well.
Governor Heineman -- we'll see in just a minute thank you very much --
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