Wednesday, June 12, 2024
Hawai'i Free Press

Current Articles | Archives

Wednesday, September 22, 2010
CNBC VIDEO: Djou on Summers’ resignation, House GOP policy agenda
By Video @ 12:43 PM :: 11193 Views :: Maui County, Education K-12, Energy, Environment, National News, Ethics

DJOU: WE NEED TO CHANGE POLICIES OF “SPEND TO NO END”

Washington, DC — Congressman Charles K. Djou (HI-01) appeared on CNBC’s “Worldwide Exchange” this morning to discuss the departure of Larry Summers from the White House, the failed economic policies of this Administration and the current majority in Congress and what needs to be done to achieve economic growth. Clip and excerpts below:

*Click To Watch Clip*

On Larry Summers’ Resignation

“I think he’s a very bright individual, but the problem isn’t whether or not he was a nice person or whether or not he was an intelligent individual. The problem is that the policies he advocated and were adopted by the Obama Administration have clearly failed the American people.

“Along with Orszag, as well as Christina Roemer, what they constructed together—a policy of ‘spend, spend, and then spend some more’ to get America out of this economic rut—has just simply not worked. We have ballooning budget deficits, a national debt which is going to burden the next generation and America is still looking at an unemployment rate well above 9%.”

On what needs to be done

“What the American people need and what the Republican caucus clearly recognizes is we need more investors, we need more wealth creators, we need more job creators here in this nation. The way you do that is you keep your tax rates low, we lower things like the capital gains tax rate and we take a very serious look at spending.

“Spending is out of control in Washington, DC, we cannot continue along this path of creating new government programs. Instead what we need to be doing is creating private sector jobs.”

On the need for bipartisan cooperation

“We have to work in a bipartisan fashion. What the current leadership in the U.S. Congress is engaged in is a very hyper-partisan approach, unwilling to talk to the Republicans. I’m hopeful that after the General Election, we’ll have a change in leadership in Congress.

“But of course, Barack Obama will still be President of the United States. The Republicans will have to find a way to work with President Obama, and I think there is some opportunity to do so. Again, the President is going to have an entirely new economic team, with the departure of Larry Summers…and what’s much more important is that we have somebody who’s going to work in a bipartisan fashion with both Republicans and Democrats and change the policy of ‘spend to no end’ to try and turn around this economy.”

On Timothy Geithner

“I think Timothy Geithner is trying, but he’s not doing a good job, because this economy continues to remain in a rut and unemployment continues to remain far too high. Whether or not Timothy Geithner needs to be replaced is up to the President, but what he needs to do is change the policies of this nation. Right now, what’s happening is wrong and the American people recognize it and they’re going to render their judgment on that in under 45 days on November 2 with the General Election.”

On GOP economic strategy going into midterms

“I think it’s safe to say that the Republicans will be turning away from the failed policies of the current majority in Congress and will, unlike the current majority in Congress, be far more fiscally responsible.

“Look, this year, 2010, this is the very first time in modern American history that the U.S. House of Representatives is not passing a budget. And we’re compounding this fiscally irresponsible behavior. With just a week to go until the start of the new fiscal year for the federal government, we have yet to pass a single appropriations bill. I think this is clearly fiscally irresponsible behavior and things that you can expect to see changed with new leadership in the Congress.”

###

RELATED: Full Text: House Republican Caucus "Pledge to America"

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii