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You think Providence is little its powerful not the whole satellite off.
We have established once again I think now with the governor governor Donald -- Gerri boy that was quick and I don't -- -- the good news and you pull the plug yeah that's typical of us media isn't it we only wanna give bad news.
Governor I was asking you about spending the stimulus dollars and some people say that you were using it to balance the budget they weren't so thrilled about that what is the real story here.
The other stories there's three pieces of this might might view this whole process is first -- -- Help the people that are out of work and and are unemployed and and so we're one of the first lives that -- -- putting the other point presidential front front all the weekend.
As -- -- a lot of people are hurting right now I think part of -- -- stimulus was was to help those are out of work secondly put people to work as fast as we can't.
We've also been leading the nation I just signed a contract last week for -- as part of the highway bridge funding and Federer putting people who work.
We're one of the first to do that we've got a whole bunch we've got 25 projects that were been approved by USD OT FAA today.
And so we're moving as fast as possible third piece of it is to use this time frame if you will to positioned the state in our case from you know round.
To come out of this better and stronger.
Make the tough choices and people of so there's -- tough choices will look at this budget we we have actually making major pension reform to the state employees as well as the teachers.
We're making major changes in our -- human service structure we're got a global Medicaid waiver with -- that we negotiated with the federal government.
We are cutting everywhere and were also putting the pressure and cities and towns because right now the last twenty years we've brought state employment down.
Down by over 101000 people in the last ten at twenty years but they -- by the cities and towns has been -- that.
And so reason property tax keep rising is because those employment numbers.
So we're pressuring all about right now as well as trying to do the things in terms of tax policy.
That we talked about earlier list we should tell -- tell you all that.
How about we should tell people that you're a former small businessman and the good the president.
Just made big announcements about small businesses and that people were slicing and dicing the numbers you know both sides of the -- they get a little cheeky and then some -- -- I would only equals 500 dollars per small business.
You're -- -- -- than that do you think what the president has unveiled for small businesses is fair and will help the situation.
Yeah it'll help because basically it's just authorized SBA to go up to 90% guaranty raised the amount that would guarantee for loan and also -- waive the fees.
Which I think will be a help we've started doing a number of those things the state level to help small businesses -- -- I'm asking the legislature to set aside a guarantee fund.
Because at the end of the date that's where a lot of the pressures being felt today.
However having said that the best thing that can happen for small businesses as all businesses is for this economy to turn.
You know we need.
We need -- stimulus money we've got to stabilize I've been listening to stabilize the financial system sure I spent ten years in the banking business back in the seven days.
I lived through you know -- so other credit and other credit in an up in Rhode Island but also the savings and loans.
As they disappeared.
And what happens we're going through you know really a global economic -- financial crisis right now.
That you know still this administration hadn't gotten their arms around in my judgment.
That's the best thing that can happen stabilize the financial system credit -- -- the flow people will feel better.
And once people feel better and -- buying cars and houses and and refrigerators and setter.
Then factors will start operating at all is it -- it's -- -- -- -- well it sounds like as a businessman.
People should feel better that you're in charge because you're learning how to cut and run a business vs est.
India -- you know was former GE CEO Jack Welch who -- this real swipe at Rhode Island saying that Rhode Island was the 48.
Most acceptable state.
-- business which is basically saying you guys are the worst act out what do you want to say to him today.
Well simply has set tomorrow I talk on the phone after that -- a -- -- -- that inherits -- Jack.
There's lots of changes that they -- blades you've got to come down here and see the things that we are doing.
Yes we felt this recession -- lives we went into it because we had a big housing bubble you know that this is really a housing real estate bubble.
That burst and that's what's caused this.
Calamity if you will nationwide and around the globe.
We were into that bit but it's masking a lot of changes that we have made a lot of basic things that are in place.
That's our message to Jack was to come on death count and see what we're doing because that we get these tax changes in place.
-- we're gonna be the most attractive place to do business in an office.
I'm gonna come as -- you'll say I'm gonna come visit could -- like Rhode Island.
The grateful idea and and don't think the Massachusetts has the best crab sandwiches and lobster sandwiches you guys have pretty good -- stick thank you sir.
My pleasure rulers Rhode Island governor Donald -- cheery good to see banks are governors went by the way continuing -- -- with.
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