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SCHULTZ: In my playbook tonight, unemployment in our country still is over 10 percent, and job creation just isn"t coming fast enough for a lot of counties and states in this country. President Obama himself has called it the worst economic crisis since the Great Depression, when we hit 25 percent unemployment, back in those days in the "30s. Now--and one congressman is planning to use lessons learns for the dark days of the 1930s to create jobs today. He plans to introduce his own version of the New Deal tomorrow.
Joining me now is Congressman Phil Hare of Illinois, who sits on the House Transportation and Infrastructure Committee. Congressman, good to have you on tonight. First of all, does your plan call for using the Tarp money, the 200 billion dollars that"s leftover? What do you think?
REP. PHIL HARE (D), ILLINOIS: It does, Ed. It calls for 60 billion dollars of the Tarp money going to put people back to work, over three million people back to work. So the bill is revenue neutral. I said earlier, and I told our caucus, look, enough of this Wall Street stuff. We need to talk about Main Street. I kept hearing the banks are too big to fail. The American people are too big to let us fail them.
And I just decided, look, we"re going to have to start investing in people and not these big banks. I think this bill is a great first start in doing that.
SCHULTZ: What do you want to do with it? You want to hand out money?
HARE: I wish it was that easy. No, what we want to do are three things. One is we want to--I have a public works program similar to what Roosevelt has with the CCC. Getting people to work, repairing schools, maybe working in community health clinics, getting people that are out of work.
SCHULTZ: Just so you just want to write a federal check of this 200 billion dollars to wherever it"s needed to do schools and infrastructures, right?
HARE: Not just that, Ed. We want to take the second part--there"s three elements to this bill. The second part we want to do is give money directly to states. There"s 48 states that are upside down. My home state 11.5 billion dollars. So what we want to do is give them money so they don"t have to lay people off or furlough people, or possibly hire people.
The other thing we want to do is give money to the USDA and the Department of Interior for grants to put people to work repairing our national forests and our parks. This is something that we can do. The question becomes whether or not we want to spend more time and money on putting people and investing in people, or whether we want to continue to hear these guys are too big to fail. I got tired of it. I"ll tell you, if I hear the term jobless recovery one more time, I"m going to be ill.
SCHULTZ: How much support you going to get for this? Do you have a lot of colleagues in the House to back you up on this? If the Democrats don"t create jobs, it"s going to be brutal next November.
HARE: It will be more than brutal. I have told the colleagues--I have a lot of people that are very interested in the bill. I think initially, when I was passing out just the fact sheet paper, I had members coming up, going can I have one of those, can I have one of these.
The people that I talked to, from Blue Dog Democrats, from progressive members of Congress, the Hispanic caucus, every caucus in the House, people are very enthused about the bill. I tell you, I"m going to not just drop the bill. I"m going to work to get this thing passed. I didn"t come here to be a back bencher. We have got to get people to work.
If we do not--it"s not even the political thing with me, Ed. These are people who, for heaven"s sakes--and by the way, this isn"t just about young kids. These are people from 18 to 60 years old. It"s time that we, as I said, took a look at what we"re doing here as a Congress and made a direct deposit, if you will, into the homes of people.
There"s so many people that are just on the verge of losing their homes. They"ve already lost it. They don"t have health care. They can"t put their kids through school.
SCHULTZ: There"s a lot of things you can do with 200 billion dollars.
HARE: I"m going to carve 60 billion out and put three million people to work. I"m not going to stop until we get this bill passed. I think we can. And I"m not giving up. As you know, I came out of a clothing factory. I know what it"s like to see a plant lose it"s workers. I"m not going to be part of that anymore. I"m going to part of the solution, not part of a problem.
SCHULTZ: Congressman, good to have you on. Thanks so much. Thanks for being with us here on THE ED SHOW.
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