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Arnold Schwarzenegger Speaks at Economic Roundtable
Aired August 20, 2003 - 13:26 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
MILES O'BRIEN, CNN ANCHOR: We've got some live pictures coming in from Los Angeles. Arnold Schwarzenegger is holding his economic roundtable. Immediately to his left, you don't see it right now because he's on a tight shot there, but is Warren Buffett, who could probably single-handedly solve the problem by just writing a check. And there's George Shultz to his right.
But I have a sneaking suspicion that's not Arnold Schwarzenegger's plan, although no one really knows his plan because he hasn't been very specific on anything.
Are they talking yet? Let's listen.
Lacking any guidance as to when they might begin speaking here, we will continue to set a little bit of the back story here. We should tell you that we are expecting that -- here we go. Here's Arnold Schwarzenegger, gubernatorial candidate of California.
ARNOLD SCHWARZENEGGER (R), CALIFORNIA GUBERNATORIAL CANDIDATE: First of all, I want to thank everyone for coming here today and being part of this meeting. As you can see with the press turnout that everyone agrees that the economy is one of the most pressing issues facing California.
I would like to take this opportunity and thank our finance and economic advisers, Warren Buffett and Secretary Shultz, for helping me pull together the best and the brightest business leaders and economic leaders that the state has to offer. So, thank you, both, very much for all of your help.
We are all here today to discuss California's No. 1 problem: How do we turn California's economy back to a powerful, job-creating machine that it once was? I mean, we all know that California right now is going in the wrong direction. We all know that businesses are leaving, and with them the jobs are leaving.
Just last month, the statistics were horrifying: That of all of the people that have lost their jobs in the United States, half of them were lost right here in California. We are talking about nearly 22,000 people have not only lost their jobs here in California, but they also are experiencing firsthand their American dream slipping away from them, and that is unacceptable.
Nearly 290,000 high-paying manufacturing jobs have been lost in California in the last two years alone. These jobs, may I remind you, will not come back. They will not return, unless we, in California here, create a positive business environment. O'BRIEN: All right, Arnold Schwarzenegger and his economic forum coming out in favor of a positive business environment. We'll continue to monitor that, and we'll keep you up-to-date on that California gubernatorial campaign as it unfolds.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com.
Aired August 20, 2003 - 13:26 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
MILES O'BRIEN, CNN ANCHOR: We've got some live pictures coming in from Los Angeles. Arnold Schwarzenegger is holding his economic roundtable. Immediately to his left, you don't see it right now because he's on a tight shot there, but is Warren Buffett, who could probably single-handedly solve the problem by just writing a check. And there's George Shultz to his right.
But I have a sneaking suspicion that's not Arnold Schwarzenegger's plan, although no one really knows his plan because he hasn't been very specific on anything.
Are they talking yet? Let's listen.
Lacking any guidance as to when they might begin speaking here, we will continue to set a little bit of the back story here. We should tell you that we are expecting that -- here we go. Here's Arnold Schwarzenegger, gubernatorial candidate of California.
ARNOLD SCHWARZENEGGER (R), CALIFORNIA GUBERNATORIAL CANDIDATE: First of all, I want to thank everyone for coming here today and being part of this meeting. As you can see with the press turnout that everyone agrees that the economy is one of the most pressing issues facing California.
I would like to take this opportunity and thank our finance and economic advisers, Warren Buffett and Secretary Shultz, for helping me pull together the best and the brightest business leaders and economic leaders that the state has to offer. So, thank you, both, very much for all of your help.
We are all here today to discuss California's No. 1 problem: How do we turn California's economy back to a powerful, job-creating machine that it once was? I mean, we all know that California right now is going in the wrong direction. We all know that businesses are leaving, and with them the jobs are leaving.
Just last month, the statistics were horrifying: That of all of the people that have lost their jobs in the United States, half of them were lost right here in California. We are talking about nearly 22,000 people have not only lost their jobs here in California, but they also are experiencing firsthand their American dream slipping away from them, and that is unacceptable.
Nearly 290,000 high-paying manufacturing jobs have been lost in California in the last two years alone. These jobs, may I remind you, will not come back. They will not return, unless we, in California here, create a positive business environment. O'BRIEN: All right, Arnold Schwarzenegger and his economic forum coming out in favor of a positive business environment. We'll continue to monitor that, and we'll keep you up-to-date on that California gubernatorial campaign as it unfolds.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com.
