i don t have the answer. i don t know. i think that, i mean, the president is clearly is too close to wall street. i think we have seen that in other kinds of decisions, and the people advising on the trade agreements, i guess they study their economic textbook and say textbooks that say free trade is a good idea. but president bush, who i don t quote that much the first president bush said a billion dollars in trade surplus or deficit turns into 13,000 jobs. if you have a billion dollar trade deficit it means 13,000 lost jobs. multiply that times 5 and 600. you get a huge number of lost jobs. i think maybe the president thinks about policy, the macro political geopolitical policies and things with china that makes him think differently about this. clearly this is not something that works for american workers. it works for the communities that get devastated by lost
about presidents always want this. it doesn t matter the party over the last, you know 20 years, even as data comes in saying the gains the economy from nafta were nowhere near what was promised. what is your theory for why it is every president essentially acts the same as every other president in pushing the deals. you know i was in dayton in the last week or so talking to workers about these trade deals, and a number of people looked at me who support the president. these are often these are often union members and said why is he doing this? i don t have the answer. i don t know. i think that, i mean, the president is clearly is too close to wall street. i think we have seen that in other kinds of decisions, and the people advise him on the trade agreements i guess they study their economic textbook and say textbooks that say free trade is a good idea. but president bush who i don t quote that much the first president bush said a billion dollars in trade surplus or
even as data comes in saying the gains the economy from nafta were nowhere near what was promised. what is your theory for why it is every president essentially acts the same as every other president in pushing the deals. you know i was in dayton in the last week or so talking to workers about these trade deals, and a number of people looked at me who support the president. these are often these are often union members and said why is he doing this? i don t have the answer. i don t know. i think that, i mean, the president is clearly is too close to wall street. i think we have seen that in other kinds of decisions, and the people advise him on the trade agreements, i guess they study their economic textbook and say textbooks that say free trade is a good idea. but president bush, who i don t quote that much the first president bush said a billion dollars in trade surplus or deficit turns into 13,000 jobs. if you have a billion dollar trade deficit it means 13,000
legislators to fix these things that are broken. and that s really what we re going to be talking about. we re going to talk about innovation, we re going to talk about choice and flexibility. we re going to talk about the importance of setting the highest standards for our kids. you know, i don t quote president bush very often, but when he talked about the soft bigotry of low expectations, he hit it right on the head. these kids can learn. they may be poor. i was poor. i can read and write, and these kids can read and write too. and i think that s why the three mayors are here in washington, d.c. to really challenge all of us to do better with these kids. we ll see how you come with getting arne duncan to get you involved in race to the top. magic johnson going to be the next one on the dodgers? he s a good man. if he s not, he wants to be mayor, right? he should be. he should be. you re endorsing him now. all right. thanks for coming on. look forward to the panel this morn
create jobs? and that is the key. we must get people back on payrolls in this country. how do you know this is going to work? yeah i voted for this bill because i don t think that you look in theive an unemployed worker, shelby ohio, or norwalk ohio, saying that i m voting tax cuts for the rich. it s my principle, sorry about your benefits and in the end that s why so many progressives i think supported this. this bill, i don t quote john boehner very often but he said it you know he talked about certainty and predictability. in bill helps do that. this bill partners with the business community pretty well. i think this bill is this new law and the president s leadership and the president s reaching out to ceos is really does send a signal that the cash reserves they re sitting on which in some cases and in some big manufacturing companies whose ceos i ve spoken to in the last two, three months they re sitting on reserves two or three times the normal cash reserves they sit on.