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Unidentified Speaker, -
JOURNAL" CONTINUES. HOST: KEVIN GRAY,
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| 00:00:07 |
Swain, Susan - Host
THANK YOU FOR BEING HERE. YOU HEARD ABOUT -- KEVIN BRADY, THANK YOU FOR BEING HERE. YOU HEARD US TALK ABOUT STEVEN JOBS. WHAT LESSONS DO WE HAVE FROM...
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| 00:00:33 |
Brady, Kevin - U.S. Representative, [R] Texas
SUBSTITUTE FOR THE DRIVE OF AN AMERICAN ENTREPRENEUR. I DID NOTHING TO GOVERNMENT COULD HAVE CREATED THE IPAD, THE IPOD, TRANSFORMED MUSIC AND ENTERTAINMENT....
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| 00:01:44 |
Swain, Susan - Host
HELD MORE THAN 300 PATENTS -- HIS COMPANY HELD MORE THAN 300 PATENTS. ACCESS TO CAPITAL IS CHALLENGING IN THIS ECONOMY. GUEST: NO QUESTION
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| 00:02:00 |
Brady, Kevin - U.S. Representative, [R] Texas
ABOUT THAT. AND OUR PATENT PROCESS NEEDS TO BE REFORMED. IT IS EASIER AND QUICKER AND LESS LITIGIOUS TO DO WITH IT OTHER COUNTRIES. I AM HOPEFUL THAT...
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| 00:02:40 |
Swain, Susan - Host
THE PHONE LINES AND THE TWITTER ACCOUNT AND E-MAILED LINES IF YOU LIKE TO ENGAGE IN CONVERSATION WITH REPRESENTATIVE KEVIN BRADY. OUR TOPIC IS JOBS...
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| 00:03:27 |
Brady, Kevin - U.S. Representative, [R] Texas
AN IMPORTANT ROLE IN OUR ECONOMY. THEY SHOULD BE FOCUSED ON KEEPING THE PRICES STABLE. AVOIDING INFLATION OR DEFLATION. THAT'S WHAT THEY CAN DO OVER...
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| 00:04:26 |
Swain, Susan - Host
OF YOUR COLLEAGUES ON THE COMMITTEE ASKED CHAIRMAN BERNANKE ABOUT THIS ROLE. HERE IS HIS RESPONSE. >>
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| 00:04:35 |
Unidentified Speaker, -
THIS IS A COMPLICATED QUESTION. I WOULD SAY THAT WE DO HAVE SOME ABILITY TO IMPROVE THE SITUATION AND I THINK THE DUAL MANDATE HAS WORKED PRETTY WELL...
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| 00:05:27 |
Swain, Susan - Host
HOST: REACTION. GUEST: LISTEN TO THE LAST
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| 00:05:31 |
Brady, Kevin - U.S. Representative, [R] Texas
PART OF HIS TESTIMONY. IT IS WORKABLE. KEEP INFLATION LOW. IN OTHER WORDS, I'LL DO WHAT CONGRESS TELLS ME TO DO. IN THE LONG RUN, KEEPING PRICES LOW...
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| 00:07:00 |
Swain, Susan - Host
IS DEBATING THE CHINESE CURRENCY. I'M WONDERING GIVEN THE TRADE IMBALANCE, THE NUMBER OF JOBS HAVE BEEN EXPLOITED -- EXPORTED TO CHINA. WHAT YOU THINK...
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| 00:07:23 |
Brady, Kevin - U.S. Representative, [R] Texas
THE IMBALANCE OF U.S. AND CHINA IS A REAL ISSUE. THE CURRENCY IS A REAL ISSUE. THEY MADE A MISTAKE BY LOOKING AT CHINA ONLY THROUGH THE PRISM OF CURRENCY....
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| 00:08:24 |
Swain, Susan - Host
MARYLAND, THIS IS -- TELL ME YOUR NAME PLEASE? ATPOTOMAC?
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| 00:08:37 |
CALLER, -
CALLER: MARY. I WAS GOING TO MAKE A COMMENT ABOUT THE CONGRESSMAN SAID ABOUT TAXING THE ENTREPRENEURS. THAT IS NOT WHAT -- HOST: YOU
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| 00:08:53 |
Swain, Susan - Host
STILL THERE? FINISH YOUR THOUGHT. CALLER: I AM CALLING TO SAY
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| 00:09:02 |
CALLER, -
THAT MR. OBAMA IS NOT ASKING TO TAXI ENTREPRENEURS, WHO ARE CREATING JOBS. BUT INDIVIDUALS WHO ARE MAKING EASY MONEY ON WALL STREET, BY INFLUENCE AND...
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| 00:10:05 |
Brady, Kevin - U.S. Representative, [R] Texas
ARE VERY WILLING TO WORK WITH THE PRESIDENT ON REAL JOBS ISSUES. RIGHT NOW WE ARE MOVING THREE VERY IMPORTANT IN TRADE AND SALES AGREEMENTS THAT CAN CREATE...
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| 00:12:03 |
Swain, Susan - Host
THE TWITTER COMMENT CONNECTS OUR EARLIER DISCUSSION AND IT'S FROM RUSSELL. GUEST: THANKFULLY,
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| 00:12:16 |
Brady, Kevin - U.S. Representative, [R] Texas
WE HAD A TAX CODE THAT ENCOURAGED INVESTMENT IN PEOPLE LIKE STEVE JOBS. THAT'S ONE OF THE REASONS CAPITAL GAINS IS TAXED AT A LOWER RATE WHILE WE ENCOURAGED...
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| 00:13:10 |
Swain, Susan - Host
AIR. CALLER: I WONDER
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| 00:13:13 |
CALLER, -
IF THERE HAS BEEN INDEPENDENT STUDY DONE OF THE IMPACT THAT NATIONALIZED HEALTH CARE WOULD HAVE ON JOB GROWTH OR JOB PRODUCTION. WE HAVE 80% GROSS NATIONAL...
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| 00:13:55 |
Brady, Kevin - U.S. Representative, [R] Texas
GUEST: GREAT QUESTION. THE CONGRESSIONAL BUDGET OFFICE INDEPENDENT HAS ESTIMATED THE PRESIDENT'S NEW HEALTH CARE LAW WILL LOSE 800,000 AMERICAN JOBS BY...
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| 00:15:01 |
Swain, Susan - Host
IS FROM ATLANTA. MARGARET, INDEPENDENT. CALLER: I HAVE
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| 00:15:06 |
CALLER, -
A COUPLE QUESTIONS. WHY CAN'T WE PASS PRESIDENT OBAMA'S JOBS BILL? JUST PAYING FOR THE JOBS BILL TO IS WHAT THE TAXES ARE FOR. THE LAST NIGHT I DID...
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| 00:15:51 |
Swain, Susan - Host
HOST: HOW ARE YOU SUPPORTING YOURSELF? >> MY HUSBAND, WHO
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| 00:15:56 |
Unidentified Speaker, -
SHOULD BE RETIRING, CANNOT. WE ONLY HAVE ONE IN, IN THIS HOUSE. MY SON AND I ARE BOTH LAID OFF. CALLER: HOST: HOST: BANKS AND
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| 00:16:09 |
CALLER, -
GOOD LUCK. GUEST: 45
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| 00:16:13 |
Brady, Kevin - U.S. Representative, [R] Texas
MILLION AMERICANS DON'T HAVE A JOB. THE UNEMPLOYMENT FIGURE IS CLOSER TO 16%. WE HAVE DIFFUSE NUMBERS OF WORKERS IN THE WORKFORCE THAN IN QUARTER-CENTURY....
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| 00:17:23 |
Swain, Susan - Host
LAST NIGHT THE DEMOCRATIC SENATE LEADER UNVEILED THEIR PROPOSAL WHICH IS TO MAKE PEOPLE OVER $1 MILLION PAY FOR THE PRESIDENT'S TAX BILL. PEOPLE MAKING...
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| 00:17:38 |
Brady, Kevin - U.S. Representative, [R] Texas
THE WHOLE BUSINESS IS GOOD POLITICS FOR NEXT NOVEMBER. IT IS TERRIBLE ECONOMICS. THE IT'S NOT A SERIOUS DEBT PROPOSAL. FROM AN ECONOMIC STANDPOINT, A...
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| 00:18:21 |
Swain, Susan - Host
DOES PROVIDE ENOUGH OVER 10 YEARS TO OFFSET THE PRESIDENT'S JOBS PLAN. GUEST: THE
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| 00:18:26 |
Brady, Kevin - U.S. Representative, [R] Texas
PRESIDENT CAME THROUGH WITH 1.5 TRILLION IN TAXES, THREE TIMES WHAT HIS JOBS PLAN PROPOSED. AT THE END OF THE DAY I AM NOT CONVINCED THAT HIS JOBS PLAN...
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| 00:18:55 |
Swain, Susan - Host
COMMENT FROM TWITTER GOES BACK TO THE INTEREST-RATE DISCUSSION. GUEST:
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| 00:19:06 |
Brady, Kevin - U.S. Representative, [R] Texas
I AGREE. IF WE HAD A 5% SAVINGS RATE IN AMERICA, WE WOULD NOT HAVE A TRADE DEFICIT WITH CHINA OR ANY OTHER COUNTRY. LOW-INTEREST RATES. -- LOW-INTEREST...
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| 00:19:48 |
CALLER, -
DEMOCRAT. -- IN FLORIDA, A DEMOCRAT. CALLER:
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| 00:19:56 |
CALLER, -
GOOD MORNING. I WAS A RESCUE WORKER AT THE WORLD TRADE CENTER. I HAVE QUITE A FEW ILLNESSES FROM DOWN THERE. I DON'T BELIEVE IN YOUR HEALTH CARE PLAN....
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| 00:20:50 |
Brady, Kevin - U.S. Representative, [R] Texas
FOR YOUR SERVICE AT THE WORLD TRADE CENTER AND GROUND ZERO. / THATHAT WILL NEVER BE FORGOTTEN. SECOND, I DO DISAGREE WITH THE PREMISE DEPUTY PARTY IS...
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| 00:21:41 |
CALLER, -
INTERNET SAYS YOU HAVE A PRIMARY TALENT FROM SOMEONE REPRESENTING THE PARTY IN YOUR DISTRICT. YOU ARE NOT CONSERVATIVE ENOUGH, SOME SAY. GUEST: IN
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| 00:21:54 |
Brady, Kevin - U.S. Representative, [R] Texas
TEXAS THERE'S ALWAYS SOMEONE WHO THINKS YOU'RE NOT CONSERVATIVE ENOUGH. ONE OF THE MAJOR CONSERVATIVES IN THE MAJOR CONSERVATIVE DELEGATIONS IN TEXAS,...
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| 00:22:40 |
CALLER, -
WITH A COMMENT FROM TWITTER.
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| 00:22:52 |
Brady, Kevin - U.S. Representative, [R] Texas
GUEST: I WOULD DISAGREE. IF YOU TALK WITH SMALL BUSINESSES TODAY, TAXES ARE A MAJOR PART OF WHAT THEY PAY AND DOES ENTER INTO THOSE DECISIONS. MOREOVER,...
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| 00:24:02 |
Swain, Susan - Host
HOST: FREDA'S ON OUR REPUBLICAN LINE IN MARYLAND. CALLER:
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| 00:24:05 |
CALLER, -
GOOD MORNING. MR. BRADY, I HAVE A COMMENT FOR YOU. I AM A FOREIGNER. I'VE BEEN IN THIS COUNTRY 15 YEARS. POUR THE PAST 10 YEARS I HAVE BEEN REPUBLICAN...
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| 00:25:46 |
Brady, Kevin - U.S. Representative, [R] Texas
THE LINE? TELL ME ABOUT THE PRESIDENT'S JOB PROPOSAL AND A PROVISION THAT WOULD HELP CREATE JOBS FOR SMALL BUSINESSES? HOST: HE IS NO LONGER
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| 00:25:57 |
Swain, Susan - Host
ON THE LINE. GUEST: WE ARE
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| 00:25:59 |
Brady, Kevin - U.S. Representative, [R] Texas
SEARCHING FOR THAT WITHIN HIS PROPOSAL. ONE POINT YOU MADE THAT NEEDS TO BE EXPANDED, SOME COUNTRIES HAVE A DEFINITE ASSUAGED ADVANTAGE OVER AMERICA,...
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| 00:27:12 |
Swain, Susan - Host
A PRESS CONFERENCE AT 11:00 A.M. EASTERN AND WE WILL COVER THAT. THIS IS A COMMENT ON TWITTER. GUEST: IF YOU LOOK
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| 00:27:32 |
Brady, Kevin - U.S. Representative, [R] Texas
FROM THE 1980'S THROUGH THE 1990'S, YOU SAW A TIME WHERE THE GOVERNMENT AT THE FEDERAL LEVEL REDUCED ITSELF IN SIZE, ALMOST FOUR PERCENTAGE POINTS. IT...
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| 00:28:59 |
Unidentified Speaker, -
SIX YEARS IN THE TEXAS HOUSE BEFORE COMING TO THE U.S. HOUSE AND IS A GRADUATE OF THE UNIVERSITY OF SOUTH DAKOTA. A COUPLE MORE MINUTES LEFT WITH HIM....
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| 00:29:13 |
CALLER, -
WE HAD A FREE- MARKET. MY SON JOIN THE MILITARY, NOT TO FIGHT FOR CARS NINE. JOBS ARE SENT TO CHINA. WALL STREET GOT MY PENSION. MY GOVERNMENT DOES NOT...
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| 00:30:11 |
Brady, Kevin - U.S. Representative, [R] Texas
HERE IS PEOPLE ARE WORRIED ABOUT THE ECONOMY, AT LEAST BACK HOME. OUR FOLKS ARE WORRIED ABOUT THE ECONOMY AND ABOUT THE DEBT. THEY SEE A COUNTRY THAT...
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| 00:30:38 |
Swain, Susan - Host
ARE PREDICTING THE REPORT TOMORROW WILL STAY STEADY AT 9.1% FOR UNEMPLOYMENT. WHAT CAN PEOPLE EXPECT A YEAR FROM NOW?
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| 00:30:48 |
Brady, Kevin - U.S. Representative, [R] Texas
GUEST: CONSENSUS FOR TOMORROW IS ABOUT 60,000 NET GAIN, NON-FARM PAYROLL. THAT IS A VERY WEAK NUMBER. THAT WOULD BE DIFFERENT IF IT WAS TWO MONTHS AND...
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| 00:32:16 |
Swain, Susan - Host
FOR BEING HERE. QUICK BREAK AND THEN WE ARE JOINED BY CONGRESS, AND BARLEY AND WE WILL BE RIGHT BACK. -- CONGRESSWOMAN BARBARA LEE. >> FINE NEW BOOKS
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| 00:32:50 |
Unidentified Speaker, -
FOR YOUR ON A READING LIST. THIS
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.