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-- disappointing jobs report out today showing US economy added only a 162000.
Jobs in July -- were expecting 200.
What will finally get American businesses hiring again.
Joining us now is the vice chair of Albright stone bridge group and former secretary of commerce Carlos Gutierrez but we should also mention the former CEO of Kellogg you've.
Hired a lot of people in your tenure running big publicly traded companies as well.
First what do you make of these jobs numbers we got an unemployment rate that was at seven point 4% the lowest in a couple of years.
I -- -- job numbers were very feeble once again.
You know we're in a mediocre.
Recovery if you can call it that more people working full time.
Incomes are down more people leaving the workforce.
It's just not working and and what's very disappointing is that when you hear the administration.
What they want to do their big idea is another stimulus plan.
So you know it's all very one dimensional and I think they're very confuse.
As to how this economy.
Markets such cheap money right now but but price regulation is still high price of Texas are.
The president was talking about Keystone Pipeline no energy is a big part of all this particularly for you.
He said it would only add a couple of dozen new jobs and then we had the new EPA chief Gina McCarthy.
Who claims that environmental -- really don't hurt job growth of all let's play her sound on that -- get your reaction.
Can we stop talking.
About environmental regulations killing jobs please we need to -- -- pollution to grow jobs.
We need to cut -- pollution two strains in the economy.
Let's talk about this positively.
Let's approach this as an opportunity.
Of a lifetime.
So Gina McCarthy saying -- war -- against carbon energy could help create jobs your reaction.
Well I think that she should talk a small businesses she should get out of her office one day and go out and talk -- small businesses.
How her regulations.
Small and medium size businesses.
They need to get out there and talk to real people and understand.
What is really happening in the market place because businesses aren't investing small businesses are growing -- and new businesses aren't being created.
At the rate that they should be people don't have confidence in these policies.
Yeah I I think what is you don't ended any chance in a lifetime is we have all the shale oil and shale gas.
And that the president was kind of be -- -- the Keystone Pipeline.
I find that to be incredible.
To deny the American people the opportunity to be independent.
From Middle East oil.
Secretary let's shift the conversation to what is working right now we do have a housing market that appears to show some signs of life that are are relatively sustainable.
We've got that how do we capitalize on that and we also have a great auto industry right now where there.
Really getting better and better at selling cars that people want to buy.
-- and I and I hope that you don't selling cars were we make money.
Because not only about selling units it's about making money on those units and I think that the Troy that's bad that's for me is the big lesson for Detroit.
Beat the out of the housing market yes you know inventory which -- been very stubborn as is finally beginning to come down.
But long term there -- gonna need some more fundamental.
The immigration reform bill which I've supported and I think we've got to get through for the good of the economy.
Those are the types of things that will bring in people to continue to buy homes.
To really get -- the housing market back to previous numbers.
Unless we have some kind of a catalyst like that there really isn't a reason.
-- people are going to buy as many houses they were Bahrain before they were retiring so we need some fundamental reform.
And immigration reform would be a very good step and -- That's something where you have both Democrats -- Republicans working -- to try to.
And I also thought by the way that that corporate taxes is something where Democrats are bugs to work together because both sides want to bring the rates down but then you have always complications -- -- but this week we have three company three big corporations.
Merging with foreign corporations and then relocating.
In foreign locations and taking jobs with -- because the tax rates were lower over there when do we get tax rates lower over here.
Well and look I I don't think that's going to happen during this administration I hope it does but the idea of reducing corporate tax rates and thinking that that is a positive that flies in the face of everything this administration thinks about.
I mean every time they talk about big oil.
You know let's go after big -- because they're getting all these all these benefits from the government.
My goodness ExxonMobil is the thirteenth largest company in the world in terms of reserves were weakening our companies have worked competing with these massive.
State owned enterprises it's a -- thing we're doing we've -- frank or weakening our banks.
That we need fundamental change and economic policy and unless we have that change.
We're not going to break through this stagnation that were stuck in.
Carlos -- yet it's good to see across thank you very much for coming in appreciate always a pleasure good to see you thank you.
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