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Freedom Fighters Shibani Joshi, Katherine Mangu-Ward and Carl Jeffers talk about the implications of the President’s secret White House meeting with...
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We should be able to agree.
On developing clean energy and manufacturing jobs come when that's what's gonna.
Be required to grow our -- Be required to grow our economy that was President Obama once again hailing the job creating our a Green economy in a speech today.
At a North Carolina energy plant.
The president talked a good game on Green jobs but where -- the results let's say.
Eighty billion stimulus dollars were supposed to create 847000.
Green jobs by next year.
But according to the administration had only created about a fourth of that -- this -- my freedom fighters wondering if a much vaunted Green revolution is just -- met.
Here now to discuss our my freedom fires Fox Business -- My colleague Shibani Joshi democratic political analyst Carl -- and reason magazine senior editor.
-- -- -- Carl deal first does this Green jobs nonsense just nonsense or can the president on his own move the whole economy from blue collar.
Agreeing.
And.
Well I don't think that the president thinks that he's can he can move the entire economy to Green but there's no question judge -- you look at his background that lays there is getting cleaner.
There are signs that we are moving to a more Green society and one thing is sure.
There are perhaps no larger group.
Of supporters for Green energy that independence and the country and this present that was swept into office by the votes of independents.
And if he's going to be swept again.
Into office he needs independents -- so he's going to make every effort.
To do as much as -- tend to -- That is on the forefront of the Green movement in the country but the reason why only one follow up.
Of those jobs were created yeah it was because the rest of the economy has been installed at.
And not the jobs that we need essentially have been created and that's going to be a problem -- after address.
Says the president Catherine -- -- think that he can bribe the people with the -- tax dollars.
And put some money your personal money their imports just enough here and just -- -- there to get the independents and the Green -- vote for him like -- suggesting.
The thing is that the technology is not there and the demand isn't there there is no amount of government stimulus money or for that matter presidential rhetoric that's gonna make.
He's Green jobs magically appear.
It's not a coincidence that there's not going to be any official numbers about what Green jobs were really quote unquote created.
For another year -- sell it makes it very easy for the president and his administration to say look -- -- these Green jobs it's great it's all worked out and then.
You know just declare victory and move on I just don't think that.
Presidential money -- say so is is the thing that's gonna drive the Green revolution when it happens.
-- money is Wall Street think one of the bankers think an eighty billion dollars and nowhere near the target number.
Of jobs created are they happy because the money is funneled through them and they don't care what happens to -- after it leaves them.
-- -- they see this as central planning that it's not nearly as effective as individual private unregulated invest.
I think Wall Street is divided a couple of things at a return.
You know a 100000 jobs hello whatever the figure raised.
After putting in.
Billions of dollars into it is not a good return on investment so as far as that an investment sort of attitude -- perspective it's not a good investment this is not really -- acute and that well.
That being said what Wall Street does believe is that there is -- future in Green energy and if we don't pursue it somebody else is going to whether it's trying out whether it's in yet we can look at our solar industry today.
-- technology was developed in this country and who is a world leader in solar technology.
It is a Chinese because they Wednesday they develop the industry.
And they are the world leaders and at what we don't want to have happen.
-- have the other side of the world develop technologies that are you gonna end up being dependent on what did not happen.
That the government did not do is execute this in a way that makes commercially viable cent -- Karl I know -- a Democrat and I know you're in California but you were very reasonable guy.
Doesn't it make more sense that this eighty billion dollars in bested by private enterprise.
Concerned with how every nickel is spent concerned about returning investment to their investors.
Would be far more profitable -- -- government deciding how the eighty billion is going to be spent.
What does.
First let me let me -- the us about stressed my strong protest to the suggested that just being a Democrat of being from California would suggest -- did not mean I'm not babbling on about that.
Having said that I'll I I think that.
I think the private sector of clearly.
Can be the main product Bob protagonist and pro active force in developing -- -- economy.
But what the recession that we had judge -- it is most likely.
That the government itself needs to be the necessary catalyst and this again that activity started our and I do believe by the way what we're ignoring here.
When you say that if somebody else if we don't do it someone else well itself what when we forget the fact.
That in the -- increasing the activity of Green our industry and -- print trend trying.
-- Green technology and our country is actually good for us and has lived a.
Henis and I mean that a better society -- -- -- -- -- -- -- -- good California Democrat but I wanna switch -- they'll have teasing you know that -- the image of backdoor deals that made and cigar filled rooms -- sadly all too often.
An accurate -- just a few weeks before announcing his reelection campaign.
The president met with two does -- Wall Street executives of the White House's blue room the meeting was not included in White House records.
And I want to know why -- Shibani.
Are these wall streeters -- these big business types afraid to acknowledge that they were seen with the heaviest regulator in.
White House now that the aren't you -- -- -- you that's are you kidding and they -- -- be seen in the room with someone who called them fat cat -- Who targeted their bonus is.
Wall Street wants and middle of their road pragmatic.
Leader what we did not get in 2008 what we've not gotten since and is a pragmatic middle of the road leader.
Mitt Romney who worked at Bain Capital he went to Harvard Business School how much more blue blood sort of Wall Street can UB I think walk I think Obama's gonna have a hard time finding -- -- and Wall Street Obama's gonna have to look outside of Wall Street to get some money gets in front.
Katherine being pro big business is not the same thing as being pro free market is probably we're learning that right under our eyes.
That's absolutely true and you know I think there's a reason that both sides had.
Incentive to hide this meeting may be -- Wall Street guys don't want to be seen as privatizing with the enemy but.
Obama doesn't want it to be known that he -- hang out with Wall Street guys either I mean.
I think this is a great moment to apply the what if a Republican did -- ten -- -- which is a cheap shot but it's also.
A good way to parse these things and the fact is -- -- Republican president had a secret meeting with a bunch -- guys from Wall Street who are also perspective campaign donors.
The New York Times and freak out -- about a lot of fire.
Car we only have about where thirty sec doesn't have to go to -- -- -- how does the president think you get away with this secret meetings with Wall Street fat cats that he once attacked.
Well well -- certainly the president can get away with meeting with them.
And not having it released by the not getting away with TB is it that we're talking about it even in these last thirty seconds -- are being.
Each Wall Street and Wall Street needs the president because otherwise they wouldn't go to those meetings to begin web guide not guaranteed kind of got -- -- -- -- -- average cap.
My Andrew Ward Shibani Joshi it's a pleasure guys FBI York KGB.
