Jack & Jill Politics

Can’t find the embed code, but here’s the VIDEO LINK.

Transcript from the money section:

STEELE: You’ve got to look at what’s going to create sustainable jobs. What this administration is talking about is making work. It is creating work.

STEPHANOPOULOS: But that’s a job.

STEELE: No, it’s not a job. A job is something that — that a business owner creates. It’s going to be long term. What he’s creating…

STEPHANOPOULOS: So a job doesn’t count if it’s a government job?

(CROSSTALK)

STEELE: Hold on. No, let me — let me — let me finish. That is a contract. It ends at a certain point, George. You know that. These road projects that we’re talking about have an end point.

As a small-business owner, I’m looking to grow my business, expand my business. I want to reach further. I want to be international. I want to be national. It’s a whole different perspective on how you create a job versus how you create work. And I’m — either way, the bottom line is…

STEPHANOPOULOS: I guess I don’t really understand that distinction.

STEELE: Well, the difference — the distinction is this. If a government — if you’ve got a government contract that is a fixed period of time, it goes away. The work may go away. That’s — there’s no guarantee that that — that there’s going to be more work when you’re done in that job.

STEPHANOPOULOS: Yes, but we’ve seen millions and millions of jobs going away in the private sector just in the last year.

STEELE: But they come — yes, they — and they come back, though, George. That’s the point. When they go — they’ve gone away before, and they come back.