at california there s some improvement. a high unemployment rate and air getting some of your business poached from other states and you ve got a huge reduction in state government employees. can you describe some of the economic strategy to get california out of its current economic hold. well, the economic strategy is basically they re trying to keep going the path, the course that they ve been going. greta: silicon valley has made a huge recovery and trying to lead this state out of the recession and basically the big move just made, all the focus in state government was on raising taxes. there was going to have to be another many billion dollars of budget cuts and voters did not approve it tax hike recently approved. that was approved in november and that sort of got the state budget battle. greta: is there any likelihood that silicon valley comes out of it that they re going to leave or they re going to are you seeing businesses leave california, staying, or even new ones
at california there s some improvement. a high unemployment rate and air getting some of your business poached from other states and you ve got a huge reduction in state government employees. can you describe some of the economic strategy to get california out of its current economic hold. well, the economic strategy is basically they re trying to keep going the path, the course that they ve been going. greta: silicon valley has made a huge recovery and trying to lead this state out of the recession and basically the big move just made, all the focus in state government was on raising taxes. there was going to have to be another many billion dollars of budget cuts and voters did not approve it tax hike recently approved. that was approved in november and that sort of got the state budget battle. greta: is there any likelihood that silicon valley comes out of it that they re going to leave or they re going to are you seeing businesses leave california, staying, or even new ones
work across the aisle. i d like to see a little more participation by both sides. you re a former fbi agent. i said gowdy was a former prosecutor. you re former fbi. thank you. is it tax hike or tax relief or both? how do democrats explain the president s plan. we spoke with chris van holland a few minutes ago. nice to see you. great to be with you, greta. president obama said the last thing you want to do is raise taxes in a recession, the recession being an economic term. a lot of people feel we re in a recession that don t have jobs. now taxes under president obama s plan would go up for those making $250,000 or more, right? at the end of this year. there are two parts of the president s plan. the first part of the plan is the jobs initiative which has been sitting before the republican congress since last september which would help boost the economy. the other part of the president s plan is to have a long term deficit reduction plan