Talk and that i dispute some of his characterizations of what we were talking about. it s clear that donald trump isn t going away politically even though many or more businesses are cutting ties or distancing themselves from donald trump. let s talk about jeb bush and the comments people have been discussing. on the face of it it looks like one of your gaffes in american politics on the presidential campaign trail. the headline that democrats want out of this is that rich guy jeb bush wants americans to work longer hours. but the jeb bush campaign was quick to point out what they were talking about was what he wanted to stress was that people who are working as part-timers have the ability to actually be full-time employees. but there is a bigger philosophical debate on all this. that is, what is the better way to prosperity? should there be more worker productivity or more wage compensation compensation? is there a productivity problem or is wage stagnation the problem and the
Very good check and balances and the constitution, it might be very difficult to introduce one. let s talk about europe. how serious is the crisis right now? can europe handle a continuing loss of confidence in the ability of these countries, now substantial countries, to pay their debts? well, europe shouldn t have to handle that. europe needs to deal decisively with it, and i ve spent much of my last six weeks discussing this issue with fellow european finance ministers. and i think there are two components to the solution. one is the euro zone, the countries that have the euro as their currency, need to come up with a decisive plan to deal with the imbalances in a single currency area when you don t also have a single political area or a single fiscal area. the second element to the solution is that countries need to resolve their own problems. ireland s got a major banking problem, and is now with international support, dealing with it. portugal s got a long-term productivity p
Ability of these countries, now substantial countries, to pay their debts? well, europe shouldn t have to handle that. europe needs to deal decisively with it, and i ve spent much of my last six weeks discussing this issue with fellow european finance ministers. and i think there are two components to the solution. one is the euro zone, the countries that have the euro as their currency, need to come up with a decisive plan to deal with the imbalances in a single currency area when you don t also have a single political area or single fiscal area. second almost to the solution is that countries need to resolve their own problems. ireland s got a major banking problem, and is now with international support dealing with it. portugal s got a long-term productivity problem and needs to address that. spain had got problems in its regional banks and is addressing that. so yes, the euro s got to act, but the individual countries have got to act. when you watch the chinese,
Out this week that couldn t be more different from each other. vice president biden launching a summer of stimulus spending and the republican senator jim demint pushing a permanent tax cut on some investment. jonathan, who has the right plan for jobs? cutting taxes creates wealth. true, you tax something and you get less of it. government plan, washington s plan to spend more money to take money from people who earn it and redistribute it to those who don t unincentivize the need, it doesn t incentivize production. that s what cutting taxes would do. who has this here? the democrats already pushed through $300 billion tax cut as part of the recovery plan. it would be true, if you had a recession created by inventory problem or productivity problem, more tax cuts are in order. here we have the recession that s related to the consumer spending in a credit crunch. i m probably the only person on the panel that believes in the keynesian approach.