Meet the Press   |  April 07, 2013

Cramer: Lack of jobs is a big problem

CNBC’s Jim Cramer, Former New Mexico Gov. Bill Richardson, GOP strategist Mike Murphy; Politico’s Maggie Haberman; and NBC News Andrea Mitchell talk about the need to get jobs back in the U.S. to boost the economy.

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This content comes from Closed Captioning that was broadcast along with this program.

>> people to work in this country in four weeks because these jobs are there, keystone pipeline . but this is a fossil fuels debate. why do i say the pipeline works? these pipelines have been the creators, the largest creators of jobs in the last four years. you may hate fossil fuel . you may think it's ridiculous to have it so that oil and gas are in charge of hiring in this country, but we've got tons of oil and gas in the wrong places. you put people to work on pipelines $60,000 is the minimum that you pay a pipeline worker, you put people to work all over this country. that's what needs to happen.

>> the bottom line question before, jim, as well, are we out of recession? are we in the midst of a real robust recovery?

>> we are in a profits recovery. you're going to start hearing companies report earnings beginning this week. many of the companies won't have great top line , won't do a lot of selling but because they're not hiring -- i'm doing a study right now of 30 stocks on the dow jones -- you are going to see negatives, literally they've done -- they had more people working four years ago than now. that's a big problem in the country. we need big business to bring the jobs back and one of the secrets is that oil and gas so cheap in this country that it pays to manufacture here, not in china, not in vietnam, not in thailand. bring the jobs back. the president has to help them.

>> if the president can inokay wait himself on the environmental movement because john kerry , who has sterling credentials with that movement, is the one who not only has to make this decision. this is a state department decision even though it will obviously come out of the white house . so kerry, if he's the one making this decision, it's tough for him, will at least help the president with that part of the debate.

>> unemployment thumbs so much better six months from now if they would say we have to make a bargain on fossil fuels .

>> he's heading to a legacy of economic failure. we've been in this for five years. but if he wants to have a great second term, the price, which i think is a small price, is to do what most pragmatic politicians do, lose your base and go big. energy, big fiscal deal, a lot of painful medicare cuts. the bottom line , the fiscal -- the entitlement reform is not a bargaining chip. he has to address that.

>> speaking of that, governor, he's meeting with republicans again this week. two weeks ago he met with a group of republican senators. he'll do it again. he'll want to, no doubt, talk about the budget. talk about immigration which is a budding deal and about guns. do you think there's anything to cutting the base loose?

>> no, he won't cut the base loose. i think the base really recognizes that the fiscal situation is a dominant issue in our country, and that we have got to find ways to not just reduce spending but deal with this entitlement reform. at the same time i think the president is going to move forward on an immigration bill which, you know, is economically a jobs driver.

>> true.

>> and so what we have here, i think, is a scenario where a grand bargain is possible. we reduce the deficit. i don't think the sequester, getting $85 billion out of the economy has been at least out in the hinter lands that devastating. it is the federal workers who were great, et cetera . i think a grand bargain, a successful second term in the offing, now some foreign policy initiatives, latin america , mexico, north korea , iran, i just think he tackles those and he's going to have a very strong second term.