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Rural economic storm clouds bringing -- -- but governor Steve this year is still has some real concerns about the 700 million dollar bail out.
He wanted something more comprehensive the governor joins me now on the very same night we've gotten indications from the treasury.
That they're looking governor you probably heard this to invest and buy preferred shares in nine top US banks what do you make of that.
Well it's certainly different than the usual American economy that we've seen.
At least if they do that and you know before we would just give money out and if they got better than they profited -- nobody else did.
If we get some preferred stock and they do well at least perhaps -- taxpayers can get some of their money back.
Are you troubled by this trend though because the more money that goes out to banks and and other operations and as Senator McCain would have it in mortgage relief is -- Obama has a different mortgage relief plan.
Everyone comes with the tin cup including your counterpart in California Arnold Schwarzenegger what do you make it.
Let you know -- governments are gonna have to step up and do their part in this to know Kentucky is in a pretty sound financial condition.
When you compare us with most of the other states I'm here to the financial mess all the way back in December.
And cut out 434 million dollars in the current fiscal year in reduced or spending 900 million dollars for the next two years.
So we're on a pretty good sound financial basis right now we actually stepped -- ten days to go -- floated a 400.
Million dollar bond issue for some construction projects right in the middle of the worst credit crunch in anybody's memory it sold quickly we got a great -- -- I don't -- that in any situation I'm sorry sir but you have no need to do what Governor Schwarzenegger is done and talk about maybe getting some money from Washington.
Well you know in the future if we're going to have a bailout package as we have right now I wanna see a broader and an address to main street as well as Wall Street and here's what I mean by that.
You know we've got a lot of needs in this country that the federal government traditionally Hansen addressed and should address again.
One of the big areas as infrastructure we've got interstate highways and bridges.
That are -- in in really poor shape.
And if they would step up as part of a broad stimulus package and invest in these things for the future it would create a lot of jobs in Kentucky and all across the.
And -- right now they don't like not enough money that's been -- earmark that's a bit will be these days but.
But sort of a -- -- is a better probably -- refer to what.
So I'm just wondering what's left in the -- whether Obama is elected on -- -- -- Well what's left in the -- in Kentucky is what we're going -- -- in addition to whatever the federal government does you know right now it's easy to to take the position who would better hunker down what we're doing just the opposite here because we need to be aggressive we need to be out here.
Stimulating our own economy with.
With the projects that we're going to be building.
We're also going to be aggressively going after more jobs here in the state we have more inquiries right now from companies both domestic and foreign.
Then we've had in a long long time but calls of our -- Credit situation here and also because of our skilled workforce and our our friendly business environment so we're going to be aggressive.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- We're going to be able to take advantage.
Aren't we shall -- governor thank you very much thank you.
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