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Senate Proceeding 02-04-11 on Feb 4th, 2011 :: 0:01:10 to 0:35:15
Total video length: 35 minutes Stream Tools: Stream Overview | Edit Time

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Views:253 Duration: 0:34:05 Discussion

Jeff Sessions

0:01:09 to 0:01:30( Edit History Discussion )

Jeff Sessions: something to do with it. "the washington post" report noted that the job qeegz were far fewer than the economists had predicted. 36,000 might sound pretty good, at least not bad, but in truth

Jeff Sessions

0:01:10 to 0:35:15( Edit History Discussion )
Speech By: Jeff Sessions

Jeff Sessions

0:01:31 to 0:01:51( Edit History Discussion )

Jeff Sessions: it's not good. mr. bernanke, the chairman of the federal reserve, testified before our budget committee that the economy needs to produce about 150,000 jobs a month, add

Jeff Sessions

0:01:52 to 0:02:14( Edit History Discussion )

Jeff Sessions: that many to stay even. and we really need to be adding, he said, about 250,000 a month to begin to reduce unemployment in a significant way. so the numbers are mixed. some people saw some good numbers in them. the surveys showed a drop in unemployment which was not a bad

Jeff Sessions

0:02:15 to 0:02:35( Edit History Discussion )

Jeff Sessions: report, but this hard number of actual jobs was pretty troubling, i think. i would just say a few things that i believe are important and need to be understood. this congress passed a stimulus package that was supposed to

Jeff Sessions

0:02:36 to 0:02:56( Edit History Discussion )

Jeff Sessions: keep unemployment from going above 8%. it went to 9.6%. it's dropped some since then, but it's still extraordinarily high. we passed that package and it didn't stop unemployment from rising. it was based on a keynesian concept of government taxing --

Jeff Sessions

0:02:57 to 0:03:20( Edit History Discussion )

Jeff Sessions: really, government borrowing money to spend into the economy on the theory that government can create jobs. not long before the vote, gary becket, the nobel prize-winning economist from chicago wrote an op-ed, and in it he said he had examined the proposal and that

Jeff Sessions

0:03:21 to 0:03:41( Edit History Discussion )

Jeff Sessions: it was far too ineffective in creating jobs and economic growth. he warned that it would not be effective. he warned that the growth factor was below one, it should be above one. he said maybe .7, and that this, in his opinion, was not a good

Jeff Sessions

0:03:42 to 0:04:04( Edit History Discussion )

Jeff Sessions: investment of $900 billion, the largest expenditure in american history at a single time. nothing has been like it. every penny of it was borrowed. we didn't have that money. we decided to borrow the money in an attempt to stimulate the economy. now, i know many and president repeated that this

Jeff Sessions

0:04:05 to 0:04:26( Edit History Discussion )

Jeff Sessions: was a new infrastructure problem -- program, that we were going to fix our crumbling infrastructure, we were going to create american jobs and make our highways and bridges safer and better. well, that was not accurate. that was an inaccurate statement.

Jeff Sessions

0:04:27 to 0:04:47( Edit History Discussion )

Jeff Sessions: it became clear before the bill passed, i remember pointing it out as did others that only 4% of the $900 billion went to unemployment -- went to bridges and highways, 4%. this was not a bridge project. it was an aid to social

Jeff Sessions

0:04:48 to 0:05:09( Edit History Discussion )

Jeff Sessions: programs, state aid, billions and billions of dollars. it created no real growth and productivity improvements in the united states economy. and so it hasn't done what we want. i hate, you know, just to be an i told you so, but i say that

Jeff Sessions

0:05:10 to 0:05:33( Edit History Discussion )

Jeff Sessions: because when you take take $900 billion and you borrow the money and if you're borrowing it at what? the current interest rate is a little blow 4% but are projected to go up and we have no plans to pay this money down, no mechanism in place to actually pay this debt down, it will be on our books for the indefinite

Jeff Sessions

0:05:34 to 0:05:55( Edit History Discussion )

Jeff Sessions: future, maybe forever, we'll pay about $36 billion a year in interest. every year now when we come to do our budget, we have got a figure that first we have got to pay $36 billion for the interest on that money that we borrowed that was supposed to stimulate

Jeff Sessions

0:05:56 to 0:06:16( Edit History Discussion )

Jeff Sessions: the economy that didn't stimulate the economy. and $40 billion, at least a couple of years ago, is what the federal highway budget is. so in a -- we passed a bill that will tax us through interest payments every year, an amount equal to what we have been

Jeff Sessions

0:06:17 to 0:06:37( Edit History Discussion )

Jeff Sessions: spending on highway, federal highway programs, just to give an example of how much money money $36 billion is. so it was, as bill gross, the guru behind the pimco bond fund, i guess the largest financial investment firm in the

Jeff Sessions

0:06:38 to 0:06:58( Edit History Discussion )

Jeff Sessions: country -- in the world, he said that emphasis in america and some other nations has been on consumption, not effectively enough on growth, which is sort of what mr. gary becker, professor becker said, and

Jeff Sessions

0:06:59 to 0:07:19( Edit History Discussion )

Jeff Sessions: federal reserve chairman, mr. bernanke, said now recently and i will repeat it. there are going to be several years before we get to a normal job growth situation, a normal unemployment rate in our country. even though the unemployment rate seems to have dropped, i

Jeff Sessions

0:07:20 to 0:07:40( Edit History Discussion )

Jeff Sessions: think it is important to note that a number of the people dropping off the unemployment rolls are dropping off because they have given up in looking for work. they -- they have gotten discouraged and they are no longer going down to the unemployment office and registering and looking for work, and that's not good.

Jeff Sessions

0:07:41 to 0:08:01( Edit History Discussion )

Jeff Sessions: a healthy, vibrant, growing economy looks to be bringing more people into the work force and that affects and can make the unemployment rate look better than it really is. there was an article in "baron's financial magazine" recently

Jeff Sessions

0:08:02 to 0:08:22( Edit History Discussion )

Jeff Sessions: that noted that as of december, the number of hours being worked by employees had not gone up, and they were saying all these numbers -- we have gotten optimistic a bit here, but we have got to be honest with ourselves, all the numbers aren't good. and we make a little progress and we're happy for that, but

Jeff Sessions

0:08:23 to 0:08:47( Edit History Discussion )

Jeff Sessions: all the numbers aren't good. the number of hours worked were not up, and the comment is normally if unemployment goes down and businesses hire more workers, they will show average hours worked going up, and it was in the low 30's, which -- and it wasn't going up. so they said maybe that's a

Jeff Sessions

0:08:48 to 0:09:09( Edit History Discussion )

Jeff Sessions: signal that some optimists may be too optimistic because of that. they also noted that wages were basically flat. just a minor increase in wages, whereas things like the price of gasoline, which we are so thankful alaska is producing a lot for us, prices for gasoline and food is going up.

Jeff Sessions

0:09:10 to 0:09:32( Edit History Discussion )

Jeff Sessions: cotton prices, soybean prices, foreign prices are at record levels. this will translate into rising costs, so if your wage are flat and you -- the number of people working is flat and your costs are rising, then this isn't good for the economy. it's really not growth, the kind

Jeff Sessions

0:09:33 to 0:09:53( Edit History Discussion )

Jeff Sessions: of growth we want to see. so if government can't borrow money and create real employment of a sustained nature, what

Jeff Sessions

0:09:54 to 0:10:15( Edit History Discussion )

Jeff Sessions: should government do? mr. gross recently in a "barron's" roundtable said this pumping of money in as we're doing it today has had some benefit, but it's a sugar high. it won't last. you can't keep it up. don't we all know that? don't we all know that this is a

Jeff Sessions

0:10:16 to 0:10:36( Edit History Discussion )

Jeff Sessions: blowing a balloon, this is a sugar high that we can't continue? what could we do? are there things we can do? is it hopeless? should we do nothing? i don't think so. i think there are a number of things, and i would just mention them at this moment that i absolutely believe that we could

Jeff Sessions

0:10:37 to 0:11:00( Edit History Discussion )

Jeff Sessions: do that would create jobs for people who are hurting this very moment who are unemployed, and it could really help them have a new and better life, and it would not cost the united states treasury anything. and i believe these actions are significant. first, we need to take actions

Jeff Sessions

0:11:01 to 0:11:22( Edit History Discussion )

Jeff Sessions: that have the tendency and create mechanisms that will bring down energy costs. energy is a hidden tax. a hidden tax -- energy -- rising energy costs are taxed on our current income. you get nothing more for it. you -- you get the same number

Jeff Sessions

0:11:23 to 0:11:45( Edit History Discussion )

Jeff Sessions: of gallons, the same assets you got before, you just have to pay more of it. so you don't have money for your family, your rent, your automobile payment, you just get less of it and we need to produce more of it at home for two reasons, one, it helps contain the growing cost of --

Jeff Sessions

0:11:46 to 0:12:07( Edit History Discussion )

Jeff Sessions: of fuel, which is a secret thief of the american citizens' income and, second, it creates american jobs. wouldn't we rather have thousands of more jobs in alabama producing oil offshore or in alaska producing oil in

Jeff Sessions

0:12:08 to 0:12:28( Edit History Discussion )

Jeff Sessions: alaska than sending our money to venezuela, nigeria, saudi arabia, creating jobs there? it would both be -- it would be an additional supply source that helps bring down the cost and it would create american jobs and it would keep that american wealth at home. it would keep that wealth at home.

Jeff Sessions

0:12:29 to 0:12:50( Edit History Discussion )

Jeff Sessions: 60% of the oil we -- we're putting in -- using to buy -- make gasoline that goes into our automobiles is imported. that wealth is going abroad. it's not good. so we need to take actions that will produce american energy at the lowest possible cost. yes, it needs to be safely produced of we saw the accident

Jeff Sessions

0:12:51 to 0:13:12( Edit History Discussion )

Jeff Sessions: on the gulf coast. i've been on those beaches, and thank goodness they're cleaned up now, but it was a mess. everybody was worried and it hammered our gulf coast tourism industry and fishing industry for months. although fishing is coming back now and i think tourism will be back.

Jeff Sessions

0:13:13 to 0:13:33( Edit History Discussion )

Jeff Sessions: but it was an unnecessary disaster and it can be prevented and steps have been taken to ensure it doesn't happen again. we can do that. i like the boon pickens plan. we discovered how to drill down

Jeff Sessions

0:13:34 to 0:13:54( Edit History Discussion )

Jeff Sessions: into the ground and then turn that drill bit horizontal and go through shale rock to produce huge amounts of natural gas. natural gas burns about 40% cleaner than gasoline or diesel fuel. it produces -- it can produce energy, it even can be converted and can be used for vehicles.

Jeff Sessions

0:13:55 to 0:14:16( Edit History Discussion )

Jeff Sessions: so it's all american. it's energy produced here in america. and we have to have americans to drill the wells, to move the natural gas, to process it and do all the things that goes into that. instead of importing oil from venezuela. this makes sense.

Jeff Sessions

0:14:17 to 0:14:38( Edit History Discussion )

Jeff Sessions: this is not a theoretical vision for an energy program. the energy department has now projected that we have maybe 200 years of natural -- natural gas. twice what we projected just a few years ago because of new, improved way to drill.

Jeff Sessions

0:14:39 to 0:14:59( Edit History Discussion )

Jeff Sessions: we should be doing more of that. it creates american jobs. it would provide a new energy source that hasn't been there before. it could create -- be used for electricity. natural gas prices are low. pretty spicingly low -- surprisingly low, actually compared to other sources of energy.

Jeff Sessions

0:15:00 to 0:15:20( Edit History Discussion )

Jeff Sessions: we can use it in vehicles, particularly larger trucks, city buss, and vehicles like that, but it would take an infrastructure capabilities to be able to travel around the country and be able to get it for -- for our truckers.

Jeff Sessions

0:15:21 to 0:15:43( Edit History Discussion )

Jeff Sessions: but the city buses, the garbage trucks and things like that can be done all over america, now we reduce our imports, create jobs here, create wealth in america, not be sending it abroad. now, i know the president has said, and we're going to have to

Jeff Sessions

0:15:44 to 0:16:05( Edit History Discussion )

Jeff Sessions: confront this and talk about it. he has said we're going to create dream jobs through solar and biofuels and that sort of thing. and there's been some hope for that, but, really, it hasn't gone nearly as well in the united states as we had hoped. one big plant that had millions of dollars in massachusetts put

Jeff Sessions

0:16:06 to 0:16:26( Edit History Discussion )

Jeff Sessions: into it has gone bankrupt. china is undercutting prices and producing prices -- things that were supposed to be american jobs is not going so well, frankly. it's just not going so well. and after -- have to give this cautionary tale. no nation in the world committed

Jeff Sessions

0:16:27 to 0:16:50( Edit History Discussion )

Jeff Sessions: more to dream jobs and this idea that you could create jobs in the energy sector by doing more windmills and solar and biofuels than spain. and spain has just had a terrible time. spain had the highest unemployment rate in europe.

Jeff Sessions

0:16:51 to 0:17:11( Edit History Discussion )

Jeff Sessions: they drove up the price of their energy, it adversely impacted the whole economy of spain. they created some jobs in some of these new programs, but one study said they lost i think 2 1/2 jobs for every one created. now, i wish this weren't so. i wish we could just have a plan

Jeff Sessions

0:17:12 to 0:17:33( Edit History Discussion )

Jeff Sessions: to invest in solar panels or corn ethanol and it would just create lots of jobs and create energy at a competitive cost, but it produces these energy sources at much higher costs. someone has to pay for them. and businesses have to pay are for them. and they can't hire as many people.

Jeff Sessions

0:17:34 to 0:17:55( Edit History Discussion )

Jeff Sessions: and they can't make widgets in alabama and sell them abroad if the energy price goes up 20%, 30,%, 40%, 50% as a result of these policies. you can't do it. there is no free lunch here. i -- i think we need to see what

Jeff Sessions

0:17:56 to 0:18:16( Edit History Discussion )

Jeff Sessions: happened in -- in spain. i had a group of paperworkers, union members yesterday. i knew a couple of them from the past at pulp and paper mills where i grew up in the country in alabama, and they are worried

Jeff Sessions

0:18:17 to 0:18:38( Edit History Discussion )

Jeff Sessions: that the enviromental protection agency's regulations, this boiler mack, among others, there are lots of them, but the one hammering the boiler industry is the boiler mack, they convert waste wood product at the paper mills, they burn it and create

Jeff Sessions

0:18:39 to 0:19:00( Edit History Discussion )

Jeff Sessions: steam and energy that reduces their demand on the grid from the power companies that create it through coal and natural gas. so it's a renewable source, but they're requiring now millions of dollars into new boilers. and i was at a saw mill in alabama in a rural area, good people.

Jeff Sessions

0:19:01 to 0:19:23( Edit History Discussion )

Jeff Sessions: they export half of what they produce in -- in this lumber. they have a real fine lumber quality that they export, and -- and they say this boiler mack can hammer them so hard that they may not be able to continue in business and it -- what would that do? all the people that go out in the woods and harvest timber,

Jeff Sessions

0:19:24 to 0:19:44( Edit History Discussion )

Jeff Sessions: those who bring it in, those who work at the mill to saw it and plain it and produce it are damaged. you'd have less competition within the united states for wood products and less production of it so price might go up. -- price might go up for the consumer.

Jeff Sessions

0:19:45 to 0:20:09( Edit History Discussion )

Jeff Sessions: so this is not a good plan. this regulation went too far. it's got to be repealed. but there are a lot of them like that that are driving up costs that could be eliminated at no cost to the government, reduce the number of bureaucrats that are out there enforcing it and allow the industry to be more

Jeff Sessions

0:20:10 to 0:20:31( Edit History Discussion )

Jeff Sessions: productive. there's lots of that out there. a regulation that gets passed, sometimes that regulation might be beneficial to a narrow sector, but often it gets applied to 10 times -- 100 times as many companies and businesses that -- that -- that -- that is

Jeff Sessions

0:20:32 to 0:20:53( Edit History Discussion )

Jeff Sessions: necessary -- than is necessary or beneficial and they have an extra cost reducing their productivity for no good benefit whatsoever. all wasteful regulations need to be eliminated. the president is finally, i think, understood that. he's made some statement about it. but we need to be sure that it happens and it happens quick

Jeff Sessions

0:20:54 to 0:21:15( Edit History Discussion )

Jeff Sessions: because we've got people unemployed today as a direct result of excessive regulation. a lot of people may not realize that our corporate taxes, once japan reduces theirs, as they plan to do, will be the highest corporate tax of any developed

Jeff Sessions

0:21:16 to 0:21:37( Edit History Discussion )

Jeff Sessions: nation in the world. this is not a healthy place to be. in the airports, you learn a lot in the airports. a businessman started talking to me about this. we got on the plane, i had an opened seat, i asked him to sit by me.

Jeff Sessions

0:21:38 to 0:21:59( Edit History Discussion )

Jeff Sessions: very impressive. c.e.o. for a north american division of an international corporation. they were going to produce a product in their company that would be sold in the united states and worldwide that would be energy efficient, a chemical product that they wanted to produce.

Jeff Sessions

0:22:00 to 0:22:21( Edit History Discussion )

Jeff Sessions: it would be about 200 employees. this is the story he told me. and he was so frustrated about it this is a very intelligent, sophisticated man. he said they had the best price. these big companies, if you're going to make a new product, they ask every plant in their system who can build it the best, the cheapest?

Jeff Sessions

0:22:22 to 0:22:42( Edit History Discussion )

Jeff Sessions: and the one that wins the competition gets the process. he had won the competition. 200 new jobs to the alabama plant until he got a call from the european headquarters. they said, you haven't considered the taxes. well, what about that said, oh,

Jeff Sessions

0:22:43 to 0:23:03( Edit History Discussion )

Jeff Sessions: you've got to consider taxes, that's the cost of doing business. you know, you've got to refigure it and do the taxes. and the united states lost. it's going to be -- this process is going to be built in another country that has lower taxes. the idea that you can raise taxes on corporations and not

Jeff Sessions

0:23:04 to 0:23:24( Edit History Discussion )

Jeff Sessions: have an impact on the competitiveness of those corporations is ultimately false, of course. we just have to take a minute or two to think about it. of course that's damaging to our competitiveness. and we compete worldwide. not just between -- within the united states, but produces --

Jeff Sessions

0:23:25 to 0:23:47( Edit History Discussion )

Jeff Sessions: producers can move to mexico, they can move to canada. by the way, our corporate tax rate is 34%. canada is talking about -- they've already reduced theirs to the low 20's. they're talking about going to 16.5%. i guess my colleague from alaska saw -- this plant wants to choose between building a plant

Jeff Sessions

0:23:48 to 0:24:08( Edit History Discussion )

Jeff Sessions: in alaska and building one in canada, building one in new york or building one in canada. and they add up the numbers and you have to pay substantially more tax in the united states. that could be the tipping point to make the difference in where that plant is built. so it's not that we're trying to help corporations by proposing

Jeff Sessions

0:24:09 to 0:24:29( Edit History Discussion )

Jeff Sessions: that the taxes be reduced. it's that we're becoming uncompetitive. you know, ireland's been -- had a financial crisis. their banking system reached a real crisis, but a number of years ago they reduced their corporate tax rate to the lowest in europe and had an economic

Jeff Sessions

0:24:30 to 0:24:50( Edit History Discussion )

Jeff Sessions: boon. and this boon didn't have anything to do with the financial crisis. and when the europeans said, we're going to have to bail out your banks -- help you bail out your banks, we want you to raise some revenue. they said, we'll do some taxes among our budget cuts, but we're not going to raise our corporate tax.

Jeff Sessions

0:24:51 to 0:25:11( Edit History Discussion )

Jeff Sessions: they refused because they said it was helping them economically. and i really believe we need to do that so canada's reducing theirs, ireland's reducing theirs, the u.k., the brits are reducing theirs. i think they're going to the mid-20's and we're at 34.

Jeff Sessions

0:25:12 to 0:25:34( Edit History Discussion )

Jeff Sessions: i know there's an idea that you can eliminate the loopholes and bring down the overall rate to the high 20's in the united states and this will be the equivalent of a tax cut. i really don't believe it is. because i believe all you've done is maybe create a little bit more efficient and simpler tax, which is not bad, but it

Jeff Sessions

0:25:35 to 0:25:55( Edit History Discussion )

Jeff Sessions: hadn't gotten the economic tax burden of american businesses who are trying to compete in the world marketplace. what else could we do to create jobs? eliminate the health care bill. i know people are dug in on this. they don't want to talk about it.

Jeff Sessions

0:25:56 to 0:26:19( Edit History Discussion )

Jeff Sessions: and it was passed by one single vote. had scott brown been elected two weeks sooner, the bill wouldn't have passed, wouldn't be law today. but it is law. what does the congressional budget office say about its impact on jobs in america?

Jeff Sessions

0:26:23 to 0:26:43( Edit History Discussion )

Jeff Sessions: c.b.o. says that it costs .5% on job creation, and that's 700,000 jobs, according to mr. douglas holtz-eakin who was former c.b.o. chairman -- he was a director who wrote a paper about it. 700,000 jobs are going to be

Jeff Sessions

0:26:44 to 0:27:06( Edit History Discussion )

Jeff Sessions: lost as a result of the health care bill. actually, i believe it's quite a bit larger than that. that's the congressional budget office numbers. i visited with small business people in phoenix city, alabama, and jasper, alabama, 15, 20 in each, and they told me that it was going to cause them to

Jeff Sessions

0:27:07 to 0:27:28( Edit History Discussion )

Jeff Sessions: reduce employment, the health care bill would. there is no doubt about it. one man said i have got ten fast food restaurants, 200 employees. it will -- i believe i'm heading to a if it's a reduction of ten workers, it's too many. if it's a reduction of five.

Jeff Sessions

0:27:29 to 0:27:51( Edit History Discussion )

Jeff Sessions: we need growth in jobs, not reduction in jobs. the health care bill is killing jobs. the congressional budget office director is hired by the congress. mr. elmendorf who does that is -- was selected by the democratic majority. i like him, i think he's an honest man.

Jeff Sessions

0:27:52 to 0:28:13( Edit History Discussion )

Jeff Sessions: he said it will cost jobs in america to continue the health care bill. i think it's going to be far more significant than he suggests. one of the things i asked the witnesses at the budget committee hearing yesterday was these temporary extensions of tax rates, are they detrimental, would the economy be better with

Jeff Sessions

0:28:14 to 0:28:34( Edit History Discussion )

Jeff Sessions: permanent rates, and they said yes, every one of them. liberal and conservative said this uncertainty is not good for economic growth and job creation in america. congress get together, and that's going to take a bipartisan effort to try to get the tax rates permanent, and all of us are going to have to work at it. permanent tax rates would

Jeff Sessions

0:28:35 to 0:28:56( Edit History Discussion )

Jeff Sessions: clearly be representful. i believe the president is going to have to help us in congress to reduce the surging deficit spending that is on -- well on the path to doubling the entire debt of america in five years and tripling it in ten.

Jeff Sessions

0:28:57 to 0:29:17( Edit History Discussion )

Jeff Sessions: i know people think that's not true but it is. the entire debt of america is -- we're in the third year, going into the third year of a five-year trend to double the debt, and it will triple again in five more years. i know the president announced that he would freeze a small

Jeff Sessions

0:29:18 to 0:29:38( Edit History Discussion )

Jeff Sessions: portion of our spending, discretionary spending at his current 2010 levels which were surged in the last two years, double-digit increases. it would freeze it at that level. that is very small and will not alter the path we are on to doubling the debt in five years and tripling it in ten.

Jeff Sessions

0:29:39 to 0:29:59( Edit History Discussion )

Jeff Sessions: it will not alter that. that's how small of an impact that proposal would have. so we have got to get together here in congress and wrestle with it. we really need some leadership. and if we could get the cloud of debt and fear that's out there

Jeff Sessions

0:30:00 to 0:30:21( Edit History Discussion )

Jeff Sessions: among a lot of americans on the street and a fear among a lot of the world's best financial minds who move money around in huge amounts, they are afraid, too. the only people that don't seem to be quite sufficiently grasping this is our washington bureaucracy. i think the congress is

Jeff Sessions

0:30:22 to 0:30:43( Edit History Discussion )

Jeff Sessions: beginning to get it. i think congress is thinking. i believe the washington establishment is still sort of in denial, that they think we can just somehow make a few token changes in what we do and everything is going to be okay. it won't. i'm just saying how do we create jobs now, take some real firm steps, and the world says wow,

Jeff Sessions

0:30:44 to 0:31:04( Edit History Discussion )

Jeff Sessions: the united states has gone off an unsustainable path to a path that could lead for prosperity and growth and we're willing to invest in the country again. let me mention one more thing. this has been a matter that has been talked about.

Jeff Sessions

0:31:05 to 0:31:26( Edit History Discussion )

Jeff Sessions: but we have a border that's still wide open and lawless. thousands, millions of people are coming in illegally, still, and they're taking jobs from american citizens. we arrested 500,000 people at

Jeff Sessions

0:31:27 to 0:31:49( Edit History Discussion )

Jeff Sessions: the border, 600,000 people at the border last year. how many more got by? we just added 36,000 jobs this month and some think that was a good number. it's below what we have to add, that we have that many illegal people come into the country and seeking work and taking jobs

Jeff Sessions

0:31:50 to 0:32:12( Edit History Discussion )

Jeff Sessions: from american citizens, providing competitive employment that drive down wages. we have got one of the things you do in a time of high unemployment, you reduce guest worker programs and you reduce illegal immigration. it's just an added incentive to

Jeff Sessions

0:32:13 to 0:32:33( Edit History Discussion )

Jeff Sessions: do what ought to be done anyway. so mr. bernanke testified before our budget committee a couple of weeks ago that we are treading water. we need 150,000 jobs added every month to stay even and to change

Jeff Sessions

0:32:34 to 0:32:54( Edit History Discussion )

Jeff Sessions: the dynamic of high unemployment, we take -- we need at least 250 a month. we have had that coming out of previous recessions. we're just not seeing it in this one. i believe the 36,000 job creation, even if that number is somewhat low because of bad

Jeff Sessions

0:32:55 to 0:33:17( Edit History Discussion )

Jeff Sessions: weather, is not a good sign. it's below what the experts projected, and i believe we can say now with great confidence that the federal government's attempts to borrow money, which we pay interest on for as long as we'll live on this earth, to

Jeff Sessions

0:33:18 to 0:33:40( Edit History Discussion )

Jeff Sessions: pump into the economy as a cherm stimulus, a sugar high, is not effective, it's not working. we have to do the kinds of things i just mentioned and a lot more, that would actually create productivity, make our businesses more competitive, and therefore allow them to compete against foreign competition,

Jeff Sessions

0:33:41 to 0:34:03( Edit History Discussion )

Jeff Sessions: create growth, jobs, exports, reduce our exports of oil and gas that are helping driving up energy costs and moving jobs out of the country, moving american wealth out of the country. if you do those kinds of things, we can make real progress. i really think we can. and we need help from the administration. i believe the american people

Jeff Sessions

0:34:04 to 0:34:26( Edit History Discussion )

Jeff Sessions: are open to these kind of ideas. i think the idea that this is not a popular plan, because, whoa, you're talking about cutting taxes on corporations. nobody wants to do, they don't believe that, the american people won't support that. but i think the american people understand. we can't tax our corporations

Jeff Sessions

0:34:27 to 0:34:47( Edit History Discussion )

Jeff Sessions: more than they are doing in canada, 34% to 16% and expect to win competition for jobs and business. we have got to make some of those changes, even if we have to raise taxes somewhere else, if we raise taxes that are

Jeff Sessions

0:34:48 to 0:35:08( Edit History Discussion )

Jeff Sessions: killing jobs and try to make our tax policy further growth and prosperity, not austerity. austerity is necessary now because of our progress lig -- profligate habits and the situation we find ourselves in. but it's not the future if we do the right thing.

Jeff Sessions

0:35:09 to 0:35:15( Edit History Discussion )

Jeff Sessions: this country could compete. if we take on good policies in

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