Yahoo Finance: How to Create Jobs in the U.S

Leo Hindery of Intermedia Partners and Jim Rogers, Chairman of Rogers Holdings discuss how to lower the nation's unemployment

• only stimulus is one that creates jobs
• does government create jobs, yes he says
• programs, but not necessarily government
• need to become more competitive
• government has to sell debt, in couple weeks, government is going to stop buying debt
• when QE ends, how to do that?  interest rates going up
• the solution in trade reform and tax reform- failed in all counts
• fix the platform we have now- lower rates and end loopholes 
• need VAT?  need confidence in corporate community
• need to change tax code
• lower corporate tax rate and substitute vat- Friedman hated it, governments love it
• in US don't encourage saving, should tax consumption
• exemptions have to addressed
• get rid of IRS- it is insane to spend all of this money
• doesn't see scenario that will turn this around, crisis is coming
• "this is serious"

No sher, shitlock.