Christie: Obama ‘Has Been the Best President for the Wealthy in Recent Times’

RUSH TRANSCRIPT: 

SCARBOROUGH: "Mike Barnicle."
BARNICLE: "Governor, it’s always nice to see you in any form. Did anyone mention the lack of mention or lack of focus on wage growth or the lack of wage growth in this country where we have so many people living paycheck to paycheck? If you were elected president of the United States, what steps could you take to help wage growth increase for the first time really substantively in about a decade?"
BRZEZINSKI: "Really quickly."
CHRISTIE: "Even more, Mike. It’s been about 15 years for hard workers. I brought it up last night about the decline in wage growth. We need to you the economy at a 4% clip. That’s what we need to do. The problem right now is with all the regulation that we have and with the tax code that is designed for the rich, that’s the problem. I didn’t say this last night but I said it before on the campaign trail. President Obama has been the best president for the wealthy in recent times. The wealthy have done extraordinarily well for Barack Obama. The reason is because of the complicated tax loopholes. Those are the ones that real hard-working taxpayers use. If grout rid of all those other things the wealthy would be paying a lot more taxes even with Loyer rates. When we get more money into the system, we’re going see wages go up and the economy grow and we reduce the regulation. How about this, Mike. For a manufacturing job, someone who has a manufacturing job, the cost of regulation, federal regulation, is $34,000 per employee. You cannot raise wages when you’re paying that much to comply with federal regulation. That’s part of the problem as well that we’ll get rid of if I’m president."