The Daily Rundown | May 22, 2012
>>> jobs bill signedintolaw last month is one of the few bipartisan success stories in congress this year. now the same senators who introduced that bill, trying to make it two for two with what they're calling the start-up act 2.0. democratic virginia senator mark warn around republican kansas senator jerry moran join me now. well, let me give you both a chance to make your pitch for this bill. senator warner , you start. what's the basic -- why do we need to be hurrying up and passing this bill versus, say, focusing on the tax issue that's coming up in seven months?
>> well, chuck, jerry and i are both new here and didn't get the memo you're supposed to take election years off and both understand that you've got to grow jobs in this country and data has stheen hown that it came from start-up venture, 80%. the jobs act was how you get the start-up companies access to capital. ability to go public, raise money over the internet. the next bill we're working on, start-up act 2.0, how we get access to talent? how do we make sure that world-class talent we oftentimes train at our universities and get those ph.d.s in engineering don't go home but do it here. job starting here in america.
>> you didn't use the word that are is part of the problem here. senator moran , doesn't the issue frankly have to do with our unsolved immigration issue and the politics of immigration?
>> well it is. i mean, this is a difficult bill. anytime you deal with immigration it's a serious problem. here's my point. i would guess 80% of my colleagues in the senate and house agree with what we're trying to do, agree with the provisions of this legislation and over and over you hear, we can't do anything with immigration unless we do everything with immigration. our point is let's do the things ke we we can agree upon and don't use that as an excuse we've got to do everything. let's do what we can do. the result, the reason this is important now is our country can't wait for economic growth or job creation . can't wait for us to become the next european country that's in financial problems. we need to create jobs, job security , good paying jobs in the united states , and in the process of doing that, we'll also, the added benefit is we'll have the deficit reduced because the growing economy puts revenues into the tax coffers.
>> let me get this straight. is the basic prempremise, you get a graduate degree , not a u.s. citizen , a graduate degree at a u.s. university, you get a visa to stay here and work?
>> two pieces to it, chuck. one is, we've heard this from technology companies for years. staple that green card or a visa, to those graduate degrees , ph.d.s in science, technology, engineering and math. we're not training enough american students. i'd love there to be more american-born students, but we're not. have microsoft set up institutes in china. keep the students here. second part, somebody who's been on one of these visas wants to start a business here, show they can raise capital, hire american woeshgs, do it here rather than spending them home.
>> all right. both of you, wanted to come on together, show bipartisanship. senator moran , though, i want you to react to something that a potential colleague of yours said to me just ten days ago. take a listen.
>> i certainly think that bipartisanship ought to consist of democrats coming to the republican point of view. we entered this campaign wanting to be a voice and hoping to get more of a national voice to the idea that republicans and more specifically conservatives would be in the majority of the united states senate and the house and hopefully have a republican in the white house . if we do that bipartisanship means they have to come our way.
>> senator moran , are you comfortable, richard mur douk. is that starting to become the growing view of more and more republican senators?
>> chuck, half the people who call might office in washington, d.c. will say, why can't senator moran work with others and get something done? the other half call as say, why can't senator moran hold his feet to the fire and not budge one inch? both of right. there are things we ought not budge very far and things we ought to work on together. what senator warner and i, senator rubio, senator coonce, come up with broad support. don't let the issueses in which there are legitimate differences by people who have different philosophy, come from different place ace cross the country, different constituents, don't let that permeate the whole conversation in washington, d.c. work together on what we can.
>> senator moran , do you think he's a little naive on how the process works?
>> depends on what he's talking about. there are certain things -- i would love to see more democrats support republican positions and i assume mark would like to see more republicans do the reverse, but the point here is that it all depends on what the issues are. fight for what you believe in but recognize not everybody is going to agree on everything.
>> let me just weigh in on --
>> private equity .
>> let me just weigh in on murdouck for a second. it's wacky. the genius of our founders, they set up a slightly dysfunctional government. independent house, independent senate, independent president. you've got to find common ground. it you're going to get anything done.
>> he didn't write the rules on the filibuster until 100 years later or so. senator warner , made a lot of money in the private sector . are you comfortable with president obama 's, the campaign's attacks on bain capital ? do you think it's an attack on private equity ?
>> i'm very proud of my business experience. i was more in the early stage venture capital . one of the things i found as i made the transition to public service , there is a different skill set. oftentimes if you're doing, got investors, you're looking for short-term profits. investing in preschool, much biff time. a different skill set and it's a valid topic of debate.
>> do you think bain capital was, practiced good or bad ethics here, in the way they went about their business?
>> bain capital was a very successful business. they got a good return for their investors. that is what they were supposed to do. i think when you're in public life , though, what you've got is a different time horizon and the notion everything in government is exactly the same way it is in business, different time horizon investing for the long haul and actually do the kind of early stage invests, whether in preschool, k-12, whether infrastructure that don't pay back quarter to quarter.
>> and senator moran , senator warner jumped on your political country. you want to jump in on his there?
>> the start-up we're talking abo about, the question, entrepreneurship, successes and failures. government does not guarantee the success of a company and the private sector needs to work. it's where we're going to create the be job the this country and its citizens desperately need.
>> thank you both. thanks for coming on together this morning. appreciate it.
>> thanks, chuck.
>> thanks, chuck.
>> all right.