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Round any politician really Bob Grady is the chair of the New Jersey now.
Governor Chris Christie's council of economic advisors he was also a deputy director of the office of management budget office under president George H.
-- it's great of you to be here -- we're just mentioning this investigation this task force of -- energy prices.
But is there any -- that any politician can do or isn't doing to really really tackle the problems that are creating -- pessimism in this country.
Yes I think there are things that leaders can do and -- use the word leaders advisedly.
Because what people are worried about is the long term path of the economy they see that our growth prospects are being compromised.
By high level government spending high levels of government that high levels of deficits.
There's higher growth overseas than there is in the United States because businesses and entrepreneurs and venture capitalists are seeing that -- investing you know job creating capital overseas instead of here.
And I think the first thing that some governors are doing and Governor Christie obviously is one of them.
But also governor Kasich an Ohio Rick Snyder in Michigan Rick Scott of Florida is hold the line on spending.
And not raise taxes the way to solve these long term budget problems whether it's in Washington or in the state.
-- -- to get agreement on -- term even in front of congressman Paul try and and even an Lou -- -- Congressman -- Bartlett Pennsylvania.
Right people get very -- that when you start talking about Medicare when you start talking about and I've got to lose my benefits.
And you do see that -- which you also see in polls the reticence of people for any politician to touch those entitlement programs.
I think first of all the politicians have to do good job educating the American people that we can't keep going in the direction we're going.
That's what Governor Christie did in New Jersey and when he -- the rate of state spending and actually cut spending in nominal terms two years in a row.
And when he proposed pension reform to get that long term liability under control its popularity went up his approval rating when he was elected he was at 44 approved 44 disapprove.
Today 56% of the people in New Jersey approve of the job he's doing Bob you know mentioned Ryan and and the other congressmen with their town meetings.
I did see a pole attached to some of those stories.
And a vast majority of Americans said Medicare needed some change now a big -- said it just needs some minor change.
And slightly less than half in the in the low 40% 40% plurality I said it needs major change.
But I think people recognize it just leave it on current course and speed.
You can't raise taxes fast enough to -- growth of one care and Medicaid.
One thing that I go back to over and over again that you look back at the beginning of Ronald Reagan's two terms in office -- double digit inflation.
Get double digit interest rates is said there was real there -- Americans were feeling pain on that front and they understood what he was undertaking.
The only pain people think about right here right now I would argue is gas prices this cost him over a hundred dollars to fill up their pick up truck or SU they.
So I had my point is that do -- do you think more politicians will -- -- and all of that.
Ronald Reagan made the case for growth.
When he unleashed his tax cuts that time -- Kemp Roth tax cuts -- support rate reductions in 1981 it was for the purpose of creating.
Economic growth in America.
And I think -- the political leaders especially in Washington especially obviously the Obama administration.
Have been more worried about fairness and about income redistribution than about growth.
For 25 years in the United States from 1982 to 2007.
We had fantastic growth because.
The organizing principle of our economic policy under Republican administrations but also under president -- And we also help falling on -- and -- is pretty -- -- -- pat Bob thank you we got arrived.
Bomb grade -- and the confidence to invest and it was great to -- you take care great to see if that's all right we're gonna talk about party politics coming up here at a moment but today we're doing thing.
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