With confidence he wasted no time going after House Minority Leader John Boehner who criticized the financial reform bill as using a nuclear weapon to target an aunt he compared the footage of crisis to a name this is the same financial crisis that led to the loss of nearly 8 million jobs same crisis that cost people their homes their.
Life savings I he can’t be that out of touch well that brought a harsh rebuke from congressman Boehner quotes attacking Republicans is a lot easier than explaining to the citizens of Racine who face 14% unemployment why.
One in every 10 Americans in our workforce is unemployed nearly 18 months after the president’s trillion-dollar stimulus spending bill was enacted the American people want leadership from the White House not more childish partisanship unemployment is hovering at 10.
Percent a new poll from the Pew Research Center finds 54 percent of Americans think the economy is still in recession 41 percent think the recession is bending 3% say it’s over joining me to talk about all this kMBC’s Melissa Francis.
And Juwan Davis a former investment baker with goldman sachs welcome to both of you thank you let me start with you Melissa the jobs reports due out Friday so that’s gonna be one big number.
That we’re looking for when we expect that’s right I mean the market is really waiting to hear about this report we got a private employment report today that wasn’t as good as expected it maybe foreshadow that things may not be great on Friday we know for sure that the government lost at least 240,000 jobs that’s the census.
Workers that are no longer out there doing the census at the same time most think the private sector maybe added about a hundred thousand jobs all told that tells a story of an.
Economy that isn’t getting better as quickly as anyone thought those shovel-ready jobs and ones asking a question you know what did the.
For and where the jobs gonna come from well that is the question Shalon not just.
The stimulus but we saw a little blip in housing because of the tax credit that’s going away there are there a lot infrastructure project so many different things and yet the economy remains a major concern for Americans were worried about more bad numbers coming out what’s going on.
I think the president here on it right on the head right in the middle of a speech or talked about the importance of focusing on small businesses the fact is that 50% of GDP in the United States come from small businesses and someone somewhere like two-thirds of employment comes from small businesses and yet there hasn’t been a concerted effort to address the fact that these folks are underfunded and have no real insight into their.
Economic future you know we’re impatient we Americans that’s not a quick fix that’s it it’s not a quick fix but the fact is that we don’t help billions of dollars to huge American corporations which.
We absolutely had to do to keep ourselves from going into a historic Great Depression but what we did not do is take step two which is reinforce the small business the middle guy and that’s the.
Driver began arguing for tax cuts for small businesses maybe that would help them hire.