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Is better about the economic slowdown at the local level than all this nation's governors for more on his stake in the Beige Book report were pleased to have West Virginia governor.
Joseph Manchin who met with president elect Barack Obama last night governor thank you so much for coming in a Fox Business.
Thanks for have been appreciated now again this is no news to the governor's what is in the Beige Book has been -- -- you folks were longtime.
You are -- small state but you have some very influential members of congress and figure Jay Rockefeller.
You have people who know how to bring federal monies to the state.
Despite that you need even more help.
In getting federal assistance for what assistance for what's happening.
In West Virginia.
Dave let me just say West Virginia we weren't very good shape -- I don't know if you knew that are not that basically we're one of seven states.
That -- does not have a deficit so we've been very fortunate we put a lot of things in place for years ago when I took office we start paying down debt.
We start making sure that we didn't grow government disproportionate to what the private sector growth was -- a lot of stop gaps in.
And change the way we did business and for that -- in the best shape to weather this.
But we are concerned because we're seeing a total 234.
That's not favorable and with that being said we're looking at how can we keep people working.
Keep people with their jobs working taking care of their families.
And we talk to the president elect Obama all of us.
He's looking to big -- help.
Basically reinvest into America.
We need to rebuild America and the infrastructure should be based on what are critical needs have been ready been on the board for -- -- -- so.
They've been ready to go we haven't had money.
Because money is being going everywhere but America.
And now it's time to do that and I think that's what we're looking for.
I don't want him to look at us that we need him to be our provider.
We need president elect Barack Obama and his congress to be our partners and we'll get through this.
I know people are looking -- you I have to point this out you -- a Democrat correct.
Yes and here you are saying that your state is one of the -- that doesn't have a budget problem but you also are facing.
Something that is very much in the news now you are not -- state about thirty auto related companies in West Virginia plus your equal distance.
Between Detroit the midwest auto producers and of course the southern -- states so I just looking at.
How this will affect you and how much you're pushing for -- rescue package or these bridge loans for the auto industry.
Well basically our auto industry is -- then build around the Japanese market you know Toyota came here and attracted about.
Twenty others and that they have been watching him in very diligent in their -- now I feel very sorry for.
My sister states in the other states that have our large three auto makers.
You know not that we didn't would have -- it had that many years ago but -- has been developed in the last ten or more years we're not having the terrific -- -- hit the -- taking.
With that being said we're watching everything humanly possible right now we're trying to manage yourself -- -- president elect Obama.
To give us flexibility with -- already dollars that we receive.
-- I don't believe we're getting our efficiencies from that so I think there's other ways that we all can work but we're gonna need an infusion a stimulus.
But there should be value for that stimulus if not.
The American public will not support it nor should -- We got to make sure that the roads bridges water sore all these things are being done.
Well governor when you look at what is happening -- the Big Three in Detroit of course that's where the focus is on those companies right now in Washington what would you tell them.
What would be your advice from a state that has managed.
Relatively well despite the downturn in Japanese companies as well what would you tell Detroit about how they might get their business -- -- Would.
They've been there there's gonna have to be some corrections you know we're in a crisis right now.
And it's not just states that are in crisis the nation's in crisis the world now with that being said as the crisis great enough to make.
Changes that normally you wouldn't make -- don't want to make.
And look and being fair and treating working men and women fair making sure that they're not.
Harm to the point where you're salvaging the top end.
But the people there doing the work every day so there's got to be a balance of give and take and everyone's got to sacrifice.
I don't know what to restructuring he has at that level.
I don't know if -- so far out of proportion.
All we're doing just prolonging the inevitable I really don't know that but I know one thing.
There's things that are broke that need to be fixed and if you're not willing to fix -- throwing money out it will not fix it.
Governor Manchin of West Virginia -- -- stuff because you know you're one of the few states that actually has a as a fiscal world to put together David opera well I don't think you you don't.
That is you don't see the governor's coming and just saying give me money.
They're looking at restructuring also they're willing to make the sacrifices that for some I'm just don't have the cash flow to even meet there there needs right now.
And but if we're building and working people when they're getting paychecks by rebuilding their state and we're rebuilding America state by state.
I think that's a pretty good investment we have.
Basically deferred our maintenance.
On infrastructure for the last three or four decades.
So it's just not throwing money in bailing out states it's basically doing what we should have been doing all along we're just playing catch up now.
Governor Joseph -- great to see a governor please come back to fox thanks Dave thank you -- -- welcome well we should.
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