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Detailed text transcripts for TV channel - MSNBC - 20120118:21:39:00

that works. that s another thing. clear tax code. predictability. businesses like predictability. so if you do a short-term subsidy, it doesn t work. the ceo looks at that and says that s going to go away in two years. i can t make an investment based on that. there are a bunch of things we do do that we ought not to do. let s talk about that a little bit. you have just mentioned tax subsidies. i d like to hear more. that s a popular thing. you hire a lobbyist. you go. you make you advocate for a tax cut of some kind or you advocate for a tax subsidy of some kind. the tax code may be the most manipulated capital vehicle we have in our government through the process of the current lobbying apparatus. if you can game the system, then you can make the tax subsidy work. if you re big oil and you can go in and you can pave for the lobbyists and keep them in place for a long time they actually do attract some kind of investment. but the problem is particularly when you re dealing with

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