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Welcome back in the wake -- president Obama's jobs summit congressional Democrats are working on a new bill that will target job growth.
We'll be enough to put Americans back to work and how will they pay for it.
You're now in democratic senator technically or again good to see -- senator.
-- -- -- Still the hot topic got last Thursday with the jobs summit -- solve the data come out Friday a little bit better than expected but still very challenging for most Americans.
How do you foresee -- creating jobs.
Well as a number of factors -- one is to assist the community banks be able to make more loans to small business.
There's a number of ideas that we're working on related to that one is the possibility of expanding the role of the Small Business Administration loans.
A second is the bank and our communities act and had been advocating for that we need to recapitalize the community banks and enable them.
Therefore have the leverage and ability to make these loans.
We know that all of us from our communities how difficult it is right now as a small business.
To get loans to expand and and move forward without that we're not going to have a.
-- -- -- would you support the idea of taking some measure of the TARP funds to used them for job creation in order to support.
New job tax credits for small businesses.
You know I I would support using the the TARP funds a great deal that of course went to -- Wall Street.
I think taking some of it that we have not utilized and redirecting it to main street.
Is a very good.
Very good approach.
We will never it's it's great that our major financial institutions are now turning up profit and -- -- to repay their apartments.
We're not going to have a recovery until we create jobs in our in our towns and in cities and that's going to require.
A new emphasis.
-- on the senate banking committee do you support Ben Bernanke for re confirmation hearings.
No I'm still I'm still wrestling with that a appointment.
Certainly from the viewpoint of monetary policy very supportive.
From the viewpoint of the role that the Fed played in in consumer protection.
Quite frankly that was the third level goal and it was consumer issues such as prepayment penalties.
And yield spread premiums huge conflict of interest that afflicted the transactions -- home -- is most important.
Financial document are -- sign that the Fed really completely missed the boat on so on and so I'm still -- and on and -- this.
You're killing on -- you have a candidate you think would be better.
Don't know OK are just wanted to check there to CPU there's somebody you're thinking about I don't president Elliot Zack and I can't give the president idea or -- Health care debate it is now.
Focused -- a 100%.
Battling on the issue the public option whether your fellow senate Democrats many of which three or four of them say they're not gonna support it.
At the public option is included and now we're talking about abortion being the deadlock.
You know to getting this thing -- where -- Well those are the the two big issues but there's a lot of room for compromise on the on the public option.
The design of the trigger the design of the opt in opt out.
The exact definition of how the public option would work there's a lot of material to work which I think will be successful in forming.
-- -- -- -- -- -- -- -- -- -- And members of the caucus together.
Quite frankly were at that point -- I think all of us understand.
That we need to move forward on this this is a generational opportunity to address -- fundamental challenge facing families which is.
That if they have health insurance.
They're in danger of losing if they lose their job and they don't have insurance that's a huge stress and concern about their children getting sick or the spouse can answer it for themselves getting sick.
We need to have -- affordable quality health care for every single American we're this close and we need to close the deal and and we will close -- deal.
Have we lost our -- on the debate.
You know -- I don't think we've lost our way for example there's there's only piece of the debate that's going on right now want to -- the freshman are putting together a package to.
Increase the bending the cost -- effort.
And that'll hopefully be debated on the floor.
What we've lost on the floor though he has a genuine discussion.
Rather than a pitched partisan battle we've we've lost a genuine discussion we should be having a discussion -- -- come in say.
Yes we want to invest in prevention that we can do -- better in this fashion.
Yes we want to cover everyone but we can do -- more effectively in this fashion instead it's become.
Let's kill this bill so that we can damaged presidency.
And that is not the problem solving senate that the American people -- self I guess in a sense -- a bit off track but we're going to get we're going to get this done.
All right -- armor -- I thank you very much for joining us taking the time this morning good seeing him.
Thank you could.
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