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Detailed text transcripts for TV channel - MSNBC - 20121005:14:12:00

The reason that we are where we are economically is a competitiveness issue. jobs have gone abroad. this is not a three-year process a ten-year process, it s a 30-year process. the labor share of the pie has been shrinking since the 1970s. so i think that that s good for the president because it plays to his message. we ve got to invest in education in infrastructure. countries like china spent four times as much on infrastructure as a percentage of their economy. there s a big section in ralph s book about infrastructure and how you make the argument for that kind of investment. would you at least agree that on these kinds of issues, big government versus small government, there is a distinct choice and it s not that hard to figure out who is for what in this presidential campaign, ralph. they re not going deep enough. we really have to renovate and repair america. that s the biggest jobs program. the schools, the clin i cans, sewage, water systems, public transit systems. good jo ....

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