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Highlights from Conference Call with Former Secretary of Commerce Carlos Gutierrez

- February 23, 2012

Former Secretary of Commerce Carlos Gutierrez:

"At the end of the day, a president who has been in power for three years has to run on what he has done. It's a little too late to be talking about what he is going to do...

"After three years it is very clear that the results have fallen short of promises and expectations. The president hasn't had a budget for three years. I don't know of a CEO in the country who can survive without a budget for three years. The president may be the only chief executive officer in the country who doesn't have a real budget. So through spending bills, his administration and he have increased the size of the federal budget and the federal government to 24 percent of GDP. Just to give you an idea that's 24 percent of GDP federal spending is the highest four years since 1946 so we're living through something that we have never really experienced in the last 60 years just five years ago that 24 percent was 19 percent. So to increase five points on a 14 trillion dollar economy is not an easy thing to do...

"The president promised that he would cut the deficit in half by the end of his fourth year in office. So instead of another year of record deficits you no longer hear about that promise, you no longer hear about the promises he made in order to get elected. Revenues are 16 percent of gross domestic product. That's due primarily to mediocre economic activity. The government gets revenues when there is growth, when there is vitality, when there is investment. The last time we had that level of revenues was before 1950. Raising taxes will only make our recovery even weaker...

"What is more important, a reelection or the economy of the country? This is something the administration needs to answer to the American people...

"Floridians can't wait, they need the jobs and they need this president to move forward and do what he is supposed to do as soon as possible...

"In spite of unbearable gas prices, the president just made a speech in Florida where all of a sudden he has become 'Mr. oil and gas.' For the first time in three years because we had been working on solar and wind and all of these renewable ideas that sound sexy but they haven't done anything for our supply of energy to the country. The president has just blocked the Keystone pipeline. That will cost thousands of jobs...Once again job creation takes a backseat to political reasons...

"I don't think Floridians and the American people are going to buy that. Right before an election campaign, he says what he wants. Let's look back at what he said three years ago...We need a change desperately. The cost of regulation is strangling small businesses, Obamacare is going to add a trillion dollars of cost...We desperately need a change, the more time that goes by, the more time it is going to take to fix what has been done."

Click Here To Listen To The Full Audio: http://www.gop.com/audio/2.23.2012_Gutierrez.mp3

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