obama was like beauchamp never looked back. he didn't second-guess or question things. it was neat and would move on. they have these traits in the experience broadly speaking is they are not and again this guy will be interesting whether he keys when he leaves office. [applause] >> the book is called job creation how it works and why the government doesn't understand it. you talk about a certainty factor in your book. at the time we wrote it in 2009,

2010, there was a lot of uncertainty because of the actions that were taken to check iand the business community woud have preferred respect to energy regulation. we tried to convey the message of positive certainty i don't think people thought we were out of it in reality. you want the kind of dynamic growth you're expecting you have to do some positive things and give certainty you're not going to hurt them. >> the ones we focus on our tax

reforms and reduced government spending. the only item we did not hit was healthcare reform but this was 2009 and 2010. we covered the others against spending, tax reform and energy policy. >> you talk about regulatory reform in the book. can you give an example of what you would like to see as a corporate ceo? >> i was in california at the time so we could spend the segment talking about the business regulation. on the federal side, there would be the cuts and influx out of the department of labor. they were trying to get card

checks through they have regulations that would require attorneys. they tried to make them liable for the employees of the franchise that would have destroyed the franchise business model. so the increase to $48,000 to the salary level below which the overtime pay. the businesses in general economically you progress with the secretary of the treasury a progressive presidents we were going to have some problems in

the next few years but we were trying to stave those off. it is a financial cycle you can walk into and it's going to go up which quite honest with m ast the advisers thought at the ti time. they thought it would be 4% of gdp. but back in 2010 the white house projected growth in this cycle or the influence of government rather than improve the economy and create jobs.

>> i think the only president that was more progressive than barack obama the idea has been to expand government power and put the ability to control the economy in the hands of an elite group of people, political appointees, the bureaucracy and academics and top elected officials rather than to the direction driven by consumers so rahm emanuel said it best to pretend there's been a crisis there's always this expansion of government as the solution to the problem when all it does is prolong the problems because the goal to expand government and then redistribute the benefits for the wealth of the nation were equally instead of raising

everybody up it lowers everybody down but they do that and more just society's. it would lift everybody's economic boats and make it easier to get into the middle class and make it easier for working class kids to find jobs and reduce income inequality by increasing everybody's income. >> into the job creation you focus more on employment and unemployment. >> the focus should be how you get people back into jobs. what causes somebody to hide your person because you took one of our restaurants employed by 25 people and i think most people think about it that way the restaurant has 25 employees but if you go to the circles we hire people to build those restaurants and people to design the restaurants you get the

cattlemen that tend to the herds and grow the crops does that drive the trucks and delivered the food to the rest we've got these concentric circles and then all those people buy clothes, go to movies, sent their kids to school, do all these things that help generate economic growth. so if you can focus on these businesses and find a way to cause them to grow, you're going to see real economic growth and then all of these circles overlap with other businesses which is how america went from 13 backwards colonies back in the late 17 hundreds to the nation that is almost devastated and destroyed with hundreds of thousands of americans, so by 1885 you play world war i the highest standard it is an

economic system that encouraged them to create economic growth and keep the benefits to themselves which automatically benefit everybody else because people as they try and grow and benefit themselves inadvertently benefit everybody else. so it is a system that worked tremendously well and we saw somebody putting in the hourglass of economic growth. >> ce ke enterprises is the quintessential example by the way of the job creation in the eighth grade education in south central los angeles in 1941 by the time i met him in 1980 had half a million dollars.

in the late '80s, carl's junior bought hardee's and it got into financial trouble in the late '90s and in 2,005 as the general counsel, they appointed me as the ceo to either sell it or take it into bankruptcy and realized quickly that would have been a mistake the 75,000 people working for the company that lost their jobs and their franchisees would have lost their investment. we need to try to fix it. we had 8,000 restaurants in 44 states and countries and by 20% i'm enjoying retirement after 16 years of ceo.

it was going to be how i got hillary clinton and barack obama to work together to demand the enterprise system that had created such a great opportunity for people and i think i now can write about how president trump with the proper support in congress in particular could bring back that american spirit lifted the nation so high, and again make america great again as he would say. i think we have a real potential. and i want to talk about this. i don't think people know about what roe wilson and what he did as a disrespect to the constitution. there's things they didn't want the help of the business sector during the great depression. he actually said in a speech they should leave us alone they are not constructive and then rely on the government and how they expanded. that's not to say the government

doesn't have a role. it does have a role and it is constructive and i think that it is either meaningful but like everything it can be overdone. >> why did you withdraw from consideration as the labor secretary? >> i didn't have enough votes to get confirmed or i would have stuck it out to the end instead of this conversation in the beautiful paris hotel i would be reading in washington, d.c.. but there was such an adverse reaction to being approved as the secretary of education, chuck schumer then identified me as the target that they were going to go after and the press was merciless, dishonest. in some other interview we can talk about the fake news during this confirmation process that i

got beat up pretty bad and it made some of the liberal republicans nervous once you lose three people and you start off losing to. but you lose one more they get nervous and that the longer this went on the more the press could focus on these into the more nervous to meet people. the press reported there must be something wrong. i was like the first guy to file january 1. the problem was the government ethics appointee wouldn't react to my papers they sat on it for like six or seven weeks and in the meantime the press keeps beating me up and making me the target of some republicans got nervous and i didn't want the president to suffer a defeat on the senate floor that had my name attached to it. so, discretion being the better

part i withdrew. >> you are portrayed as being antiunion. >> i'm actually very supportive of the collective bargaining. you look back to the late 18 hundreds into the 19 hundreds 1s and the unions have great victories over child labor, eight hour workdays. ..

>> >> but in san francisco they said it cause restaurants closures $0.40 for every 10 seconds -- for everything it dollar that with debts of the you have a liberal based school that said the minimum wage increase had already taken down the al low-skilled workers and deprived them of $125 per weekend earnings.

i started out as baskin-robbins. that taught me a lot i've learned about inventory and taking care of customers and showing up the things that you learn with the entry level job they will kill those. but it gives you something to talk about our tv to make it look like they are helping. but they are really not. so i am against those policies that generate more union growth but collective bargaining. >> does parties have restaurants and how does that affect them?. >> we do have those franchise restaurants they employ the employees and they adjust the prices but to the extent that makes it

harder to hire people so the labor cost goes up and that tendency to automate or reduce hours or to close the restaurants which is led by harvard business school that the study shows. i actually did that in the "wall street journal" op-ed with real clear politics edward severely ridiculed actually i have been trying to convince the franchise association for the increase of the minimum-wage. there is a lovely to increase the minimum wage where would not kill the entry level jobs. fifteen dollars an hour kills jobs it with those low-skilled workers and is

good for union membership. >> you'' milton friedman one of the great mistakes. >> that is such a good'' with every government program should be judged. has not reduced poverty. so we will change those tactics to win the war. this is not a good plan so far we could get the momentum of a political commitment that we could solve a lot of these problems and make improvements that is why the urge the senate to get on board. >> what is your first action as labor secretary?.

>> to implement policy to create jobs of those sanders cities because they have hurt job growth i want to see people prepare for the job that exist with the apprenticeships and internship programs with the private sector the government spends 300 million per year? excuse me 30 billion the private sector spends 300 billion so we don't run around doing crazy things that those that are willing to train people for those jobs like computer programmers they cannot even find a the people we have

6 million job openings that is a historic high. there has never ben 6 million we need to train people with the inner-city and get them into the system. as they handed me the key -- the key to see your the assistant general manager that was the clea's restaurant in america with an half an hour. there is so much pride and accomplishment this is what keeps you if your school to lead you to run a better life it does things that were so meaningful better underestimated. because people are afraid to go in. that we're not saying that

growth that we should see. ha also that regulatory to will non-ec secretary prez's chairman of the party now you can see what he was doing and what needed to be done and there is say women's bureau in the department of labor who has some very good policies in particular family leave i worked my way through law school my family could not help and there was not a government program that would. that my wife and we had to look kids and was pregnant. i remember when the money did not make it to the end of the month.

then maybe we can do some things to genuinely help people but i think it would have been very happy to do those things to help generate economic growth. so to start this project is regulatory reform is reduce spending with there was an article exactly that. this is a nice place to be in to say how much better as time we're having.

and i am hoping the president in every way that i can. how did the affordable care act of fact that?. >> to increase health insurance costs for everybody. not only increasing the cost of labor also the dramatic impact with those costs that will double last year projected to go up 16% this year. this is what they would spend on retail last fall with the restaurant recession we went into that recessionary period ma the

research shows those premiums went up. and as much says you did previously. maybe one year longer than otherwise. anything with retail if you take money out of the system so restaurants were hurt across the board that has a devastating impact on businesses and to pave these premiums we don't know where will be going next year to be concerned the senate bill is a good solution egg gets read of government compulsion.

>> is it fair to say you are suspicious of bureaucrats?. >> absolutely. again going back to woodrow wilson. he believed the way the government should be run not was that by elected officials but by a bureaucracy it professionals who would execute of the political system there is a lot going on in the fourth branch of government beyond the control of the president or congress and look at the problems president trump has had. you have all the leaks things coming out that nobody wants to go out and policies coming for that

should not be. congress needs to get it under control. it needs to be gotten under control so those that our responsive to the american people and to answer to them not a bunch of bureaucrats. >> does the economy chugging along by itself?. >> we have had meaningful regulatory reform and we have had very meaningful optimism there is 620,000 more people working from february through june in the share according to bureau of labor statistics there is

almost 1 million more people working full-time jobs. mower people working and we see claims for unemployment insurance going back to the early 1970's. i am not even talking percentages but the people filing. median household income increased more since january january $1,300. during the entire 7.five it increased $1,000. and that is through 7.five years of recovery. we have seen household wealth and net worth hit historic highs at $27 billion higher than

before the recession and job openings with a record high as 6 million. i cannot remember the number but 20 or 30 record highs in the nyse-listed. the stock market prices go up when businesses and investors are enthusiastic about the future. they don't invest on the past or present to where they think things are going to go. free essene dynamic improvement since president trump was inaugurated that is just regulatory reform can you imagine the economic growth if we do tax reform or health care or infrastructure spending? if what he wants to implement

we get easily see 3% and i think 3 percent was the under promise we have to wait and see. and i sure hope that politics is a team sport. but they don't seem to be aware that it is a team sport. in with the democrats in 2008. >> who is your co-author?. >> he works and teaching in san diego. we had a lot of fun writing the book.

>> it came out december 2010 it is very relevant today talking about how businesses grow and develop our government views as the conservative economic principles that is the easy statement to make but that explains why that is true and that is important for people to understand. >> how you get your message out to the wall street journal or freedom fest?.

>> first of all, i am writing a book is a lot of fun to write i wake up to 6:00 in the morning the first thing i want to do was go to the computer i see if i am on fox business source cnbc i go on nbc a few times since the election which i enjoy because i can reach an audience that is different from fox business or cnbc. of people ask me to talk if i am able i go doing it is an important message. i really want to give back to the country it isn't easy thing to do to serve as secretary of labor. it would be easier to retire but there isn't a country in the history of the world

where they aspire to a level of success my grandfather grew up there was not even a path to get onto the to this type of success so that is a word that means to get out there i hope the interview reaches people as well. >> job creation is the name of the book booktv c-span2. >> good morning. how is everyone doing