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Despite our booming stock market the economy is not robust unemployment is too high and growth is too slow.
It's been that way for years the question is how to fix it the president's been out all week with his ideas on that and we have a small but very impressive panel.
-- -- ideas on that with us now Steve for his -- media chairman and editor in chief and Arlene -- per -- industry CEO and president she is also a member of the president's jobs council -- very pleased and honored to have you both here thanks for coming it's Steve.
That the president has been very clear this week with his speeches that he thinks.
The problem is inequality in that some form of redistribution.
Of the wealth it's out there is gonna fix the problem let's just play a sound Biden and get -- -- prayed to play the president.
There's growing inequality it's not just morally wrong it's bad economics and that's wire reversing these trends.
Has to -- Washington's highest priority so is any.
Equality the problem.
Up no problem is they all the policies.
And principles that stand in the way this economy growing.
Uncertainty about the dollar huge taxes obamacare crushing small businesses we see redistribution in Europe and we see what that's done especially in Southern Europe.
So instead of focusing on carving up the pie how about.
Increasing the size of the -- and or anybody doesn't get.
It has been six years where the president -- we've had his trillion dollar stimulus we've had his trillion dollar health care although some of that still needs to be.
Rolled out we've had -- tax increases regulation increases.
I mean -- it's his policy if there's an equality.
Isn't it his policies that have led to this -- you quit inequality.
Well I think me illegally take.
Get the economy back and track his -- really do it's he was saying we need to -- It really in Ang curry aged moms who says -- challenge her nearest.
And you reduce state taxation reducing regulation.
And encourage innovation and some businesses are high here.
Darlene -- -- when your win the president these jobs council's meetings were or his representatives -- I know he doesn't attend the ball.
Do you tell -- this and how does he respond -- how to was represented his response.
They seem to be genuinely.
Interesting and he ended -- -- trading jabs in the especially manufacturing.
But unfortunately we CEO -- and add some things that stand in our way and stand in your business is starting well.
And Steve the middle class the president has been insistent that he he cares about and -- Going to formulate all his policies around the concerns of the middle class and and again that is the strength of America I'd agree a 100% -- that.
But no president has done worse for the middle class then this president you look at the median income.
Over the past.
Eleven or twelve years of course it came down tremendously.
As a result of of the Great Recession but it hasn't recovered since.
No this is the worst recovery in some ways even worse than recovery from the bottom of the Great Depression.
-- government policies stand in the way when you don't reward capital -- suppress interest rates that hurt that hurt slamming the small businesses.
Yet the tax increases which you mentioned increased government spending takes resources -- the economy.
And massive new regulations coming not just from obamacare.
The EPA and other government agencies mean small businesses most of them are small margins and these are killers.
-- -- at one of the things of course it's been great about the past couple years as low low to zero interest rates that's helped borrowing costs tremendously if you can get alone a lot of small businesses can't get one.
But do the other cost the cost of regulation and the cost of new taxation.
Art debate over common.
The the benefits from low interest rates.
And other regulatory.
And of the answer indeed.
Our health care rising fifteen to 20% pay -- utility class increasing continuously.
I wages are increasing so it and we don't see the benefits.
And we see more and certainty.
And -- actually with a large companies it's the same and my business is very diversified.
So -- big businesses aren't doing -- and wearing that green to do what happens in depends and -- -- this in the same playing field.
And we should say a lot of people -- casually say look there's no inflation there is inflation certainly an energy -- -- -- victim -- very quick I'm getting a rapid very quick from both of you one thing that the one thing that the president do could do to increase growth.
And make it easier for businesses for -- and early.
Put Obama care on the back burner for a while.
And start over again so we don't have those regulations and anti jobs regulations coming down the road that would be huge Charlie expected.
And really look at the tax code for small businesses -- specially escorts.
And embrace the idea too enticing and -- unbiased small businesses to start and to innovate and to grow and tax Payer pipa.
By the -- -- Darlene has the best saying that encompasses the American dream I've ever heard you were never given a dream without the opportunity.
To make it come true I agree with that that's that those are words to live by thank you very much Darlene Miller.
Steve Forbes appreciated him.
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