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Obama’s Economic Nightmare

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    Sen. Roy Blunt, (R-Mo.), argues the administration’s policies are working.

  • Duration 4:21
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Earlier today I spoke to Missouri senator Roy Blunt I told I didn't think any of the White House economic policies seem to be working.

Here's what he had to say.

-- -- -- seems like what we're doing the White House as we're having exactly the same discussion we've had the last two years and it's that we need to raise.

Taxes if you listen then we need more regulation if you -- them.

We need to.

Have.

All the things that really discouraged job creation higher utility bills.

And and they just they're just seem to be talking about the same thing no matter how many advisors come and go.

Other guy at the top seems to have the same view of value on the economy and it's not producing the right results.

And that's important point Austin tools resigned yesterday we've lost that Peter Orszag they've lost Larry Summers summit some of the closest economic advisors to -- to President Obama.

Also we heard that those.

Daily economic god advisory meetings -- ending.

What it just seems to me and we follow the money to seems to me that this man has no concept on how to make the economy work -- returned.

A recession back around into -- recovery.

I'm convinced that the White House is not really appreciated maybe the president doesn't appreciate -- the whole risk reward element of capitalism.

If you constantly penalize.

People who are willing to take a chance in the economy they don't take that chance if I can only pick one economic principle for the present -- United States understand.

It would be risk reward.

If you don't encourage risk people don't take risks if people don't take -- they don't create.

Opportunity but we have got to get the spending under control and on that other issue I'm a little concerned we start talking about these really big numbers.

That are way out there somewhere that they get so big that people may throw up their hands and -- -- we just can't solve this problem that's that's way beyond solving.

It's not be on solving yet and frankly if you sit down -- your kitchen table.

And talked about how much money it was gonna take to raise your kids and take your your parents and do all the things you might have to do out there in your life.

You say -- -- there's no way we could ever do that well of course there are ways to do these things but you can't do -- if you keep spending.

Three point seven -- three point eight trillion dollars here.

And and collecting about what you're gonna collect 2.2.

Trillion dollars a year.

Right senator last week we found out -- the -- more rate jumped up to nine point 1% still fourteen million out of work.

Clearly -- spending initiatives whether it's stimulus security 1234 whatever number they end up getting -- isn't creating jobs.

-- you tell us so how would you create jobs how would you turn around it that the horrendous job market.

Well government jobs only last as long as some taxpayers willing to pay for -- able to pay for them and I think we need to be totally focused on private sector job creation.

And the truth is the government doesn't create private sector jobs that can have a big impact on the environment where people are making the decision.

About creating those jobs and Indiana -- talking about how can things like cap and trade could double the utility bill at some point in the life for this job.

And your taxes are gonna go up that the administration gets its way and regulations are -- fine and seem to be the administration's -- almost every problem.

The easiest thing to do I just and I cannot take my money back off the table.

And wait -- there's a better time -- at realism better we need to we need a better environment and government does have impact.

The word that's the -- environment now mean environment as in the environmentalists and -- better business climate bit better business for environment when you talk to real quickly only about a minute sir.

The commerce secretary nominee -- on this for awhile now John Bryson for me.

What didn't -- logical pick for the man who's heading the Commerce Department how about -- -- Well I think he's.

Way out there on the exact issues that have gotten us into this further into this a situation over the last two years.

This is not a commerce secretary.

That would help create.

That business climate you and are just talking about where people want to go outside I think things are really had in a new direction.

I'm gonna take that chance I wanna take that risk come on and create an opportunity.

I don't think this guy -- that kind of department I don't intend to supporting.

And my guess is that the president some point.

May decide that this is not the nominee that can run that department.

-- -- we -- thank you very much -- senator Roy Blunt of Missouri thank you -- -- to be with you.

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