Which is More Important: Jobs or Health Care

" Doyle let's get more now reaction to the unemployment dated Diana efforts got Roth senior fellow and director for the center for employment policy Hudson Institute. Also former chief economist for the liberty. Now from Washington DC. -- just I mean no matter how you slice it it's bad news for the American economy how to make it better."

" It's very bad news for the American economy ten point 2% unemployment rate. Around 70% when you look at discouraged what cuts and buckets -- time for economic reasons. What's really sad is that congress does not seem to be focusing on the problem. Rather congress is focusing on health care reform on the cap and trade energy tax those have been in that's going to increase unemployment rather than help. Americans find jobs that it's going to result in higher taxes. But Diana out with the losses. By the Democratic Party in New Jersey and Virginia and then this number today. Is it possible. That a lot of Democrats in congress get cold feet and force a focus on the job situation. And move away. From the rapidly moving health care reform plans. Well that would be the rational thing to do and let's hope that members of congress I rational. You can set they'd see this in the Senate in the house however it seems that mrs. Pelosi is trying to force this bill through. Putting pressure on Democrats who don't want to vote but because they're worried about losing their seats next time. And she's worried that if there's more time left to consider the health care reform bill. That is up in front of the house now people are going to see what's in it than not going to like it and they going to want to vote against it so that's why she's trying to rabbit through this weekend. Yeah at mid may be at the cost to the American economy and the American worker. It's very sad because the house bill contains an 8% payroll tax on employer payrolls. For employers who don't provide the right kind of health insurance that's going to stop job creation. It contains a 45%. Top tax rate for the most productive small businesses. Up from 35%. Now if you're a small business you wouldn't want to be creating jobs if you knew that you attacked is gonna go we're going to go up that high. Let's let's say you held office Diana what would you do. I would say festival I would announce that taxes would not going to go up in my administration nudging my tenure congrats. I would say I would keep income tax rates the same capital gains tax estate tax rates I would have a payroll tax cuts. Rather than a payroll tax hike. To encourage employee stock was 'cause. And payroll taxes -- shed between employers and workers set payroll tax cut would help -- was hot but both they give workers more money in the pockets to spend."

" But that even the most liberal on the democratic side who obviously have to push through health care whatever to meet their constituents happy and you know and their needs. Are going to realize the economy needs something is very -- that we'll have some sort of half hearted it. Second stimulus or whatever you want to call because they -- to do something but the real focus is on health care or climate change and so they slap together some bill. You know and a few hundred billion dollars more in spending without really thinking about."

" There is that risk because in that they said that the beginning of the year we had the biggest problem the biggest recession since the Great Depression. They put 787. Billion of stimulus money that didn't help to create jobs it was just spending the social programs. We can see even this month we don't have a pickup in construction. You shovel ready infrastructure jobs should have come through an employment numbers they didn't what we need to do is give the money back to the American people. -- Think that they can spend that money better than uncles that and that right. We need to be giving confidence in the future because everyone knows he's not spending programs are going to have to be paid we'll somehow in high office."

" We gotta go down at a hopefully these numbers today that 72 and a half percent ten point two everyone a slice it will be a wake up call the Washington -- I have step of the Hudson Institute. "