Transcripts For CNNW Your Money 20120609 : comparemela.com

Transcripts For CNNW Your Money 20120609



states. >> hello, alip looking at seven battleground states and how the rate compares today with when he took office. nevada and florida, unemployment rate is higher than the national average. nevada and colorado the rate is above what it was when president obama stepped into the white house. rest of the battleground states it's interesting. the jobs marks are improving. they had been improving since when the president -- president went into office, still improving, iowa, new hampshire, low unemployment levels. 5% in iowa. new hampshire, 5%. virginia, 5.6%. in ohio, with 18 electoral votes, much more than iowa and virginia combined, you've seen a significant drop in the unemployment rate from 8.6% to 7.4% over the year. >> they went from 48th in the nation to higher than that. it's an interesting story, ohio, big auto manufacturing, big manufacturing base, and this is one of those places where mitt romney had said, don't have that auto bailout. my feeling is nobody wins without ohio, and mitt romney's going to have an uphill battle there. >> take a look at ohio, because this right here, this showing you the population centers of ohio. some the areas where the president did well last time. this is the polling we've got. most recent polling for the presidential race, obama with 48%, romney with 42%. even though the unemployment rate has been coming down there, you've got auto bailout issue which could be very, very critical, you still have president obama with a six-point lead over mitt romney. so, no question, no question, even though the unemployment rate is improving in ohio it's an important swing state for the president. >> thank you. we're joined by republican governor john kasich of ohio who is taking time between the presentation so he's come out in the hall and just to talk to us. governor, thanks for being with us. listen, i don't see how voters in ohio, many of whom are autoworkers, union members, manufacturing workers, alienated by governor romney's opposition to the auto bailout are going to hand your state to governor romney. without ohio, we know this, most people don't get to the white house. why am i wrong about this? >> well, i think ohio's going to be very close, there isn't any question about it. the fact is, ohio's grown now about 73,000 jobs, and we're really pleased with the growth with the auto industry. but it's been about a net of about 700 jobs grown out of 73,000. so i think what's happening in our state is people are somewhat more optimistic. our credit ratings are up. we have surpluses in our budget. jobs are being created. i think the issue's going to be who can make the best argument to help ohio to continue to be successful and get the wind at our back. and i think that's what americans are worried. i'm worried about we have the wind in our face because of uncertainty in our state brought to us from washington. >> i tell you, the "fortune" magazine article, which refers to you ace republican governor with an obama-like jobs plan, you believe that there's a role for government to play in creating jobs and overcoming headwinds. >> well, look, i mean, don't read too much into things that are written in other publications. let me just tell you this, we offer incentives to companies when it's appropriate. but that's not what gets companies into ohio. what really is the bottom line is we have created an atmosphere with lower taxes, balanced budgets, streamlined regulations and that's what businesses are looking for, looking to go somewhere where they can have confidence they can have certain certainty, and that's what happens in ohio, running surp s surplus surpluses, streamlining regulations, that's what's really helped us. at times it's necessary for us to offer some incentives, but every state in america does that. but that's not why we're the number one growing state in the midwest and number six in the country coming from 48. it's because we have followed a policy of making government work better, of lowering taxes, of balancing those budgets, and getting our credit upgraded so businesses feel more comfortable in ohio. >> what's your sense, though, on the manufacturing front, because it continues to be a big problem. what is -- what has to happen to bring these? high oil prices, wage controls, the kind of thing that happened in wisconsin? what has to happen? >> no, i mean -- first of all we've got to get certainty out of washington. you can't be turning around telling people you're going raise their taxes. we've got a huge amount of debt and it's created uncertainty in everything. but you know, look, we embrace manufacturing in ohio and not just auto manufacturing, though we love it we embrace the making of pipes and pumps for the energy industry, unmanned vehicles, the ability to build them. it's diversified. that's the key to it. we can use our location, we're within 600 miles of 60% of the country and we're a place where businesses can be safe. so all in costs, ohio's starting to win, starting to get some companies come from other countries. and in some companies come from other countries and invest in our state. >> you're not as troubled by unemployment numbers as some republicans would like everybody to be. >> oh, i'm very upset about the unemployment numbers because it means that people are out of work. look, our unemployment has come down. we have created the 73,000 jobs, whatever it is, but 73,000, like 300, but that's not good enough for us. we -- our unemployment is way too high. we need to continue to bring it down because when people are out of work it hurts families. so i'm extremely un haphappy wi where the unemployment is but we're making progress. we were the 48th job creating state in america and now we're number six. there's reason to feel good but not feel great because there's too many families out of work in our state and our country. >> governor i know you've got to run to another commitment. thanks for taking time to talk to us. governor john kasich, republican. >> glad to talk to you. god bless you. thank you. >> a big win for wisconsin governor scott walker in the state's recall vote. who was the biggest loser in this thing. later it doesn't matter where you live, you're paying for new york's late southwest most expensive subway line to be built. what goes into billing a subway? 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>> well, i really would like to say he survived the recall because, remember, this is a recall process. he's only the third governor no go through this humiliating process. and after spending over $50 million, after losing control of the senate, after having his favor ability ratings permanently lowered after having the worst job creation record in the whole united states, he's dead last, he gets to serve out the next couple of years of his term. he would have been better off trying to work with us and create jobs rather than destroy everything as he did. if you looked at governor kasich, who was on a little while ago with you, after he stopped making war on his employees, the state started to move ahead a little bit. i think that's what governor walker should now do, look at ways to work with us to create jobs rather than making war on his employees. >> sounds reasonable. let's bring in steven moore, editorial writer with the "wall street journal." you say that governor walker's victory is clearly a black eye for unions who were supposed to mobilize all of these voters to come out and see him defeated. what do you think about what richard said? should he move on and try to deal with them or do you think the unions need to -- >> this is a tough week for the unions. not only did they lose in wisconsin. by the way, richard is right the republicans spent a lot of money to tray to make sure that walker survived, but the unions spent a bunch of on money, too. don't leave out california, san diego, san jose voters voted for cutting back on some of the pensions because the pension issue, it's one of the biggest issues in the country in terms of finances of state and local government. it's a tough week for unions and i'd say to richard trumka, when you shoot at the king you better kill him. the reason this is a bad week now scott walker has survived and a lot of other governors around the country are saying you can take on the public employee unions and you can live to tell about it. >> it's amazing, when we beat john kasich in ohio with 62% of the public vote nobody said that was the end of the republican party. what we said at that time is, now john kasich, after we beat him, john kasich ought to come together and work with us to kro create jobs. we sent politicians to go into office to create jobs. scott walker actually deceived the american public in wisconsin when he first said that this attack on workers was about an economic reform because it wasn't. those workers, when they saw real problem, every single time have been willing to pitch in, to give something back when it's a real problem. when it isn't a real problem, we will fight to have fair treatment, just like every other american. that's the american way. and that's what we look forward to. >> can i say something about that? i think it's important. i want to address this to you, richard. i don't think this is just about unions. i think it's about public sector unions. the public sector union where the growth is they're getting benefits and getting retirement and health care that's much higher than private sector unions and get and ordinary americans get. i think one of the reasons scott walker survived is it was an issue of fairness. why should public employee unions getting outsized benefits higher than a plumber or someone else living next door to them also in the middle class? >> to be clear here -- i want to bring viewers up to speed on that -- unionization is -- there are more -- higher percentage of public sector workers are unionized than private sector workers. take it away, richard. >> i think stephen's wrong about the numbers. public sector workers don't get more. study after study they get a fair shake i can't believe it -- of course he's from the "wall street journal" did i can't believe when a ceo hits 380 times more than somebody that -- than the average worker, stephen's paper and himself cheer that and say that's economic, that's great capital itch, that's fair. it isn't fair. they make too much. he doesn't say a word about that. >> what do you say about that? what do you say about that? >> no, let me finish for a second, ali, because what he said is un-american. we would look at somebody who doesn't have a pension and we would say, what do we have to do to get them a pension? stephen wants to stand america on its head and say, look they have a pension, let's take that pension away from them. he doesn't say that about ceos only workers. >> stephen? >> you're putting words if my mouth. i think workers should have a pension. i think it's part of a fair pay package. the problem is, let me take illinois my home state, which has a pension crisis as well. >> talk about wisconsin u.s. >> let's talk about illinois for a minute. in illinois you've got teachers retiring at age of 55, with 100,000 a year pensions. that's happening in america, it's not affordable and taxpayers are saying we can't afford to give somebody 20, 30 years with pensions benefits that are sometimes twice as high as what the private sector worker is receiving. >> stephen, here what happens i say to you. if there's a legitimate problem we're willing to work to solve the problem. but everybody should solve the problem. you shouldn't be able to have 1% continue to haul away more money than a dump truck can haul away and say to working people to sacrifice for less 0 they can have more. >> the fact is there are many people in america who think it's not a fair deal. so you have said, steven, that you think unions contaminate everything they touch, maybe you're right, maybe you're wrong, but what do you do for people who think they're not getting a fair shake? and richard's words the 1% are loading it on to a dump truck and running away from. lot of americans think of it. >> i want a rising economy that helps all workers. to say take away from the top 1% i don't think that's going to help the average american worker. when it comes to the issue of unions, think of the imagine unionized institutions, steel companies, auto companies, postal service, these are institutions going bankrupt. you have to ask the question, are unions necessary? and the private sector, as you know, only about 6% or 7% of workers are in unions. all of the growth of unions is in government. >> richard? >> here what happens i know. whenever we had collective bargain is the cornerstone of a balanced economy. when we had 35%, 40% of the american workers in collective bargaining the level of inequality in the country was going down, level of wages for everyone was rising. as collective bargaining went down inequality went up. you asked a u.s. steel worker to compete with a million that was made in 1890 with a mill made in 1980. that was part of the world that they were competing in. they were the most productive, the american worker is the most productive, and when we work together with our employers, nobody can beat us. >> all right. >> you ought to be advocating workers and management getting together not making wore on them. >> we need more capital investment for the country so we're creating jobs in the u.s. >> with the guy from the "wall street journal" and the guy from the afl-cio agreeing think would be an excellent place to end the discussion. a pleasure to have you here. richard trumka is the president of the afl-cio. we'll have you back soon. steven, stay there. president obama calls it the do nothing congress. harry reid agrees. >> we can no longer go through this every bill. filibusters on bills that they agree with, it's just a waste of time to prevent us from getting things done. >> why can't congress get anything done? 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