Google Inc. Chairman Eric Schmidt said lawmakers should approve more government stimulus to prompt companies to hire, and called the political focus on cutting spending “ludicrous.”
“The economy is, today, stuck behind the power curve -- it needs a lot of encouragement,” Schmidt said in an interview today on ABC’s “This Week with Christiane Amanpour.” Without a measure like President Barack Obama’s jobs bill, “we’re set up for years of extraordinarily low growth in the economy and no real solution to the jobless problem.”
Schmidt said lawmakers need to pass the jobs bill, which is aimed at helping small businesses expand and young people and veterans find jobs. Obama proposed the $447 billion plan this month, which includes initiatives to boost spending on school construction and cut payroll taxes.
“Business can create enormous numbers of new jobs in America, all we need to see is more demand,” Schmidt said.
http://www.bloomberg.com/news/2011-09-18/google-s-schmidt-urges-support-for-jobs-bill-federal-stimulus.html
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
