Scott Brown getting his seat
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Automatically Generated Transcript (may not be 100% accurate)
Here thank you I want you didn't know -- I AM just -- Not ground I've offered my congratulations. And my best wishes on his victory tonight.
Yeah I know who I am. And I know who I -- I'm stuck around. It's okay.
Feinberg has been very patient there a lot of folks so we'll ask why am I good. Necessary papers and get. Is okay.
from a new -- world headquarters. I'm not nice you never call them.
Some post partisan era -- style. Good home Boston's. I never suggested the change would. Boy this that's what it's set in the contract. These separately by electing Barack Obama the world will -- us all hostilities will come to a -- that if there are any hostility. You sit down but the people -- work get out don't -- former a former there's something come up with a resolution.
It is a emerged in congress and you -- we're talking about it just before the -- just took a lot of the a lot of the difficulties coming from Democrats in the house he ended the Senate. A whisker close vote on health -- in the house that was standing as speaker Pelosi putting a strong -- on people. And a big big majority of Democrats -- similar troubles. In the Senate from centrist. But Democrats he's also mountains had this been a kind of a developing and -- if you will. Coming from an awful lot of commentators who are relatively silent are almost in completes won't. Over Obama and they are noticing that somehow -- other the world has not fallen in love -- us. As we were led to believe you think there are -- to W -- I think some of them actually I think actually some of the mainstream media actually dumb enough. And enthralled enough. With novelty and post racial and America's guilt on the world stage for a variety of things. I I I actually think that they believe that this guy was transformational. It's -- transformational.
I'll tell you -- transformational Scott Brown is he's transforming the political culture is gone down in Washington today to be sworn in this -- that today gift of all can get out of bed and drag himself into the office to sign the paperwork you wouldn't do it last night. Hopefully he will this morning and he's puts got a very tight schedule Scott's getting at 2 o'clock flight down to Washington because the president signing the paperwork this morning. And then he supposed to be sworn in -- five that doesn't leave a lot of time in case you know there's a few snowflakes or some like that anyway the before. They'll be up this'll go easily this these the the government can't do anything until the governor's council. Convened so don't just hear its call one to get their -- well did he says even he's I don't want -- 6 am may be that that that because they are the governor's. Console gonna have a ninth through the they're gonna have a 93 session the governor -- to look Osama -- got the right to senator yeah because he's sick of all the harassment he's gonna -- the phone call us going into his office saying why don't you get this done and get this guy in office so Scott's going down because the Republicans won in there apparently. Two with some votes coming up one of those potential votes is. The beginning of of the new stimulus package from the Obama administration -- called jobs bill -- they're not calling it a stimulus package because that might raise questions about why the current stimulus package which we have agreement spent half the money yet. Why that's stimulus package isn't good enough and if it is good enough why are they spending that money instead of holding in an advanced Musharraf and anyway. If Scott's gone down vote on new jobs plan I I think it's worth asking. Well is this a good idea if -- Scott Brown going down there to disable 01 big body of vote on that show what you look for or against ten -- point two twos and the like that. And a lot of people say really have to add there in another sixty or seventy point to -- capsules of the Israeli media percent of supply laugh ha --
Let's say it's fifteen to 17% of their assets seventeen -- something okay so what you we John Regan is our expert on that but it and John would tell us that in some pockets of Massachusetts it's considerably higher than that isn't a personal Toni -- other places they get real real troubles so Scott Brown knows the Senate if all Massachusetts he is AG jobs bill. Supposedly designed to re engineered to encourage people in the private sector to hire people bring people back. Put them to work. Should vote for a two are against -- it's gonna clearly to their questions and clearly add to the deficit. It involves the use of tax credits you and I were having a little discussion. Bordering on the disagreement as to whether tax credits would actually impelled. A prospective employers to bring somebody on. I don't think it's particularly effective it might be good politics but I don't think it's going to be particularly effective in creating thousands and thousands of drops.
No I don't think it'll be huge but it's one more thing in the in the pile. My problem is we've done the stimulus why are we doing another stimulus when they've been dragging out the spending of the first Immelt said I'm very confused by that -- wasn't the purpose of the first stimulus to get jobs so why are we now doing jobs -- in a week that dumb. Done all they do is get a different name show and we don't know this is stimulus package go one numbered to number two for Obama number three for the country and -- of the financing and this is coming from top money that was repaid -- supposedly is to vote when it was repay it was to go to deficit reduction. They now come up with a second -- broken promises well late certainly change in big change in policy. Change of power so what would you do if your -- brown do you go down there and vote for this thing 61726666. It that you voted yet.
That's actually great question because now we get into the specificity this is what -- you've been warning us about this is what was sorely lacking in 2008 when the country was considering hagee John McCain's the nominee Barack Obama what are we gonna do. We -- to specificity and about picking -- Barack Obama. The press does a terrible job because the public is that he is is a -- terrible audience in terms of receptivity to complexity. But to McCain and Obama should have been very very much nailed down with -- more specifics than these grand themes that they like to that they like to sketch and then they move quickly away from any DT -- monopoly highlight the detail.
If your Scott Brown begin a minute I'm sworn in today next week they bring up a jobs bill which is really the new Obama's stimulus package do you go for murder against and you know great question. Six -- what's your answer I'll. Well first -- you have to read the bill. Well you know I'm not bill's gonna say yeah -- and you just said there should be specificity from the candidates in the should've been 2008 that's just what they were accessed -- When you can send and read the bill got to read about Obama in other words we can't comment. -- you so much for specificity you could well have offered already offered by comment I do not think that a 5000 dollar tax that's just one element -- OK so it's not gonna hurt do we do would have heard anything to have a 5000 dollar tax current sure sure -- what enrich it leadership balance sheet. Not if nobody uses -- you're saying it would be ineffective because in -- would make use of it so that why you putting it is probably what -- Is somebody that's just gotta work this obviously becomes a circular don't know if you are higher there's no damage -- running our business right now.
You've had to do some layoffs because revenues are down businesses -- Ye EE you know quite sure what the future looks like yeah cap and trade is still lingering how -- by the way a whole host of other issues are lingering lot of uncertainty business uncertainty as well as political uncertainly the president's says hey guess what tucked. 5000 dollar tax credit for every guy you -- after a certain date. You're gonna hire somebody for 45000. Benefits and not I don't know that -- decision in your company policy. You begin a 5000 dollar tax credit you're out late the on paper is 45000. Plus whatever you plan benefits I don't think the 5000 dollar tax credit is particularly stimulus.
Did well that's not coaching the question probably -- it's like would you go buy a car tomorrow if you got a 35 under all rebate from the government well no you've got a car. But that doesn't mean there aren't a million people who might take advantage of it and then there might be a 100000 employers out there saying geez I wanna make. I'm ready to do the higher just nervous about. -- Heidi adored the Democrats gonna screw us up -- with a with health care well you sitting there saying the Democrats have failed that's good for America okay that's good for my potential for higher. And you say a lot now there's a tax credit I've got that guy wanna hire maybe that's five -- is enough to push -- what do you think would throw this question to a business community who are listening and it's still erupt they're -- but he can thank. The employer they're awake at this hour in this economy this lieutenant for just 9 o'clock thing this Stepan discussion. Not how did they might be lying in -- think a big things but to listen to us that 56172666. Seats exe what do you do if you Scott Bernie go down there. In a new stimulus package is being proposed by the Democrats it's called a jobs bill and they're so afraid to propose this because they know they've already done a jobs bill. There's still one is in the Obama administration. That they're calling it something different and they're bringing it up into pieces and they're gonna bring it along brand.
about the politics of this pretty nice for the Democrats because it allows them to shift the tables and a -- at a time of high unemployment. And a lot of voter anxiety. To point out a series of roll calls we have maybe Scott Brown and other Republicans will act as a -- to stop the I'll tell you how that affects that out yet if -- Democrat then you say but these guys talk and saying one thing to the F and then screw and every time there's an opportunity to create jobs DVR -- you and it.
Well first of all pretty -- and I'll split into pieces the Republicans can pick an uncertain ones they should vote for it if it makes any sense -- harmless. Why I think the taxman did attack a small business -- would harm a harmless to your promising nobody will use -- therefore no harm vote for. But -- but they're not here's -- thank it was it's some it's a marketing challenge right it's the wrestling match over the line -- all the Republicans have to go on brand this as stem. 23456. And seven and then maybe the republic the Democrats will slow down in -- and join a new one each week's detritus look at by the public on notice. Well not likely that the gonna slow down because actually for every time they can bring up a bill and label it. A jobs bill is much better for them than talking about comprehend that's great why -- Health -- yeah -- happened -- Koreans have to say this is stimulus package by the -- didn't we do a 700 and what was -- 59 billion dollar jobs bill last year -- an -- and how come you guys haven't spent that money yeah what are you doing -- that money you say it's the election -- I mean this is troubled waters for the Democrat -- gone into I think they shouldn't be even raising their stuff and by the way just there's just in terms of accuracy with readers. Listen associates say it is the -- it's the -- stimulus George Bush to the stimulus that was he's right -- tax. Cut it is everybody's just credit -- that's just an awesome job and and by the way American lady wiggle away you know you a couple of minutes ago you would describing the reuse of the top money that's been repaid the -- billion dollars that's not gonna from this tax credit. As a broken promise if in fact here in favor of that piece of this jobs bill. IUI use now on board with a broken promise saw an opportunity I'm not a -- You're ready certified burn out of favor of any -- want autos and I think they should go back and they either spend the money on stem one -- or. We give it back you know cut cut down because if they -- if they'd spent the money more wisely that would they had to be such a big bill. 6172666860. Scott Brown gets sworn in today. One of the reasons maybe jobs bill slash stimulus package number 47. Coming up next week. Do you think he should go for or against it isn't he going you know political. A real political explosive situation that can be in my field foul I feel the if he votes no on this -- because if they branded content that -- well as a jobs bill he's -- the anti jobs got -- Mario and he's got to start running for reelection -- Always there already see the 2012 campaign developing in no rush it'll be described on his first day in office Scott Brown voted to deny blah blah blah that's out of the weather. Whether it's don't know whether it's as Gordon Brown you know how that yes he had worked for -- hot I'm -- and I'm Scott front in his very First Act in Washington. Voted to deny Americans jobs you gotta do doesn't suit yeah. Look at Scott Brown do victor try to about his daughter -- FF ten at ten. Suddenly attacked as a comedy some like it benighted democratic consultants. Total more here I don't worry or care -- seven bill.
Good morning good wanna do I'm -- I'm actually concerned about. You're gonna do -- this. So called jobs -- carried this morning strident that it jobs agenda. The bottom line is that if Obama an employer. If I'm having trouble getting the financing from my bank. To do the things and I'm try to do right now I'm not hiring anybody. You know if I got a workforce that can do what I need to do right now. My suppliers my customers. Are all antsy because they don't know what they're gonna have the money of the financing oratorical. Direct financial environment to expand like they want to. I'm not doing anything.
Yeah they do our people. Our people sitting there who already do things but they're nervous about whether this government is standing in the way of the economic go bounce back that they're looking for a war. They're just on knows that unknowns and makes them nervous and if you're that guy who's sitting there you've interviewed the person you want. You're wondering whether it's a good time to be hiring or not this might be the thing to push your overnight thank.
ER acts are really start. An interview those small business owner. Actually from Massachusetts. Who was saying that she's spent the last nine months spoke this past year. Without working company with a company that has a good business. A business targeted because of the financial meltdown because most were clients aren't financial services. She's just now starting to get back it's ejected chase another bank because her original bank. Denied a lot of credit because they are antsy about the wave of financial markets are gonna go.
Yeah and the and the uncertainty and one sec -- fuels and feeds the answer adding these additional dissect these things are designed to undo that to provide a little extra juice Gupta to get things going in the direction you wanted to -- that was part of the pep talk that Iraq gave up -- Nashua. A day or two ago was about. Money to the smaller community banks to get them to loosen up. Have final idea one of the problems that got us into this mess was just banks being notoriously -- like corpus. With a fistful of money no easy now half a.
Any W in the morning. But I thought I dawn yeah. Very little from a small little guy and I ran an -- about three weeks ago about 300 ballclub all over the country there are very portrayed. But any event I'm looking at this small business stimulus package. And I got technical problems and -- trouble while I pick another alone out -- that it twice as much trouble. And the bottom line is that 3000 dollar tax credit they caught you by our I pay my guys about -- 5000 falsely. So by quietly -- get 9000 rebate it's gonna cost me just follow 130000. To get 9000 packet doesn't make any sense to --
Jesse and that's my point Todd says they're gonna be there and has to be a number of people. Pull closer to the resolving their uncertainty closer to a business expansion of business step forward in this becomes the not so that he might get something modest out of it I don't think it's gonna be the big -- sweeping success that Obama would like so if you're Scott -- you vote against lieutenant.
I'd look this up while I like I stood up then how does not -- while -- okay.
All right so what he wanted to do on this when he gets to Washington she say -- to the Democrats on now another jobs bill.
Absolutely it's not -- Islamabad to help a guy like me I did you get these. You know well I mean we're we're not black but about the red it would just get it won't --
You want a deeper in the soup yeah all right thank you can -- thought -- could ever a small business on a sure 6172666. Seats succeed. I would you may -- recall -- recall Anthony who calls in every once oil with either yesterday the day before yesterday saying hey wait a minute. He is the deal. I don't have any business why how why when I go and take a law don't know what an -- obviously -- do -- another -- help restrict the -- some people doing business whether or not yeah there I solved so yeah I mean all this is about tipping points are here if you're at a moment's. Where certain things are about to happen to people are reluctant but they're they've you know the torn over in their wake up every day essentially do which I not to we wanna -- hold onto it. Scott is a fascinating topic the specificity of it because Scott will be Scott Brown will be sworn in today -- gonna have to stop making decisions on this. This goes from what I called the pro that the poetry campaigning to the pros in the tedious this. Of actually making a decision he knows he knows that however he votes on this is going to be a particular characterization. A definition. That begins to work begins to build if I of course -- I would demand to be sworn in while sitting in my truck. Half half half half that I -- I gotta build that brand does a good image that they and their policies help and GM death. Not deceive the dead by the way does he wanted to early on be identified as being a re a predictable. Pop of the Republican bloc that he's automatically. Exhorted the part I have no jumpers are claiming is an independent Decker.
You know what you think about that your are still. -- radar put a lot of dual. Well Australia. You know if you're bank could you work for -- with a TARP money in the control the bank that the government has exercised. And unless the good news Chicago mob techniques they used in the big bank you're picking the money. Explain. Oh what worries because -- this -- in the bank took the money and all of Somalia say you have to be that little look here percent to be there. The government has now controlling the Big --
Sorry what you're saying people be afraid of getting in partnership on any level the government.
Employee. Actually income by the way still cared about jobs there are what could happen bill. To take overall student loans and broke 35000. Private sector workers -- to work. And replace them with the union people you know -- carried you can -- anything except that he does exactly the opposite whatever it.
Well that's why have to listen very carefully and and it does it requires close attention -- obviously knowledgeable lot of knowledgeable caller and I I think he makes a great point. Which bank that has any is dominion bank out there that is watched the play as it unfolds over these past several months. The campaign -- and in the early months of the Obama administration. Which bank that's been reasonably will lead and is responsible is going to reach out and take money went all of a sudden. -- bed mate it becomes. The federal government I'm not sure that that's -- attract more of prop is the other idea about about -- pumping money into banks -- I thought we did that before too. Did we give banks. Billions and billions of dollars to free up credit while the other end there's no credit freed up -- that was TARP money right into the -- different stories you hear that credit is readily available readily available but they won't get -- of one point asefi. -- given out to big corporations. -- Toyota big enough up exactly so they can -- paper clips affects their cars I think they're not -- what are for a regular businesses small business people I talk to says no money available really can't get money out six months 76 serious hit that that's not a bad thing tide of the reference point is can't get money. The old way under the old terms because it was pretty DM obvious is it not now obviously hindsight -- network -- after risk governor kneecap -- Happy can't repay the I gotta get itself but other when I say the old way. -- the end is no verification of credit no analysis of the business plan -- it was particularly pronounced in the area of home mortgages but -- I think there was a similar laxity that the and there they seem contradictory and they are and that's say art of the struggle as high you do as this is -- Josh Miller stimulus bill because everybody's focus now on the deficit. Any jobs stimulus bill's gonna exacerbate the deficit situation and I you're on atomic -- morning GO.
I. Am comment about specificity last week -- York couple weeks ago I can't give. Our hands seminar attracted presidential am calling you about -- essentially this I'm. I'm thinking about community banks to. And say -- doesn't. It makes me uncomfortable when you move that could alarm the community banks in a debate banks -- a lot of community bank south there. -- are ready to land -- And that up we will do it responsibly whether it's -- mortgage or first.
I I agree with you -- in -- response I think was GM when he talks to a lot of small business people. Nobody can get money out there then maybe it's Heidi maybe -- are responsible may be in this economy that Obama's creative. Nobody should get any credit because things are going down the jobs. What should Scott Brown do I don't know the.
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