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Goldman, Beth H.
Manager, Public Relations
Phone: (201) 735-4724
Email: beth.goldman@nbcuni.com
Division: CNBC
 
 

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Oct.24
2:22 PM ET
Wednesday, 24 Oct 2007
CNBC Exclusive: Dylan Ratigan Sits Down with President Bush's Economic Team for "The CNBC White House Economic Summit" on Wednesday, October 24 on "The Call" (Transcript Included)
Posted By:Beth Goldman

DYLAN: YOU ARE SAYING EFFECTIVELY THAT IS A STEP IN THAT DIRECTION.

HUBBARD: THIS IS ANOTHER STEP IN THAT DIRECTION. THAT IS EXACTLY RIGHT.

NUSSLE: WE WANT HEALTH TO BE PERSONAL. IT IS PERSONAL TO ALL OF US. WE WANT TO MAKE SURE THAT HEALTH CARE IS PERSONAL. IT SHOULD NOT THE GOVERNMENT RUN IT SHOULD BE PERSONAL

DYLAN: BUT THE QUESTION IS...NO DOLLAR?

NUSSLE: I CANNOT COMMENT ON THE DOLLAR.

DYLAN: WE ARE DOING TWO THINGS AT ONCE. WE'RE BEING HIGHLY PRODUCTIVE.

LAZEAR: CAN I JUST THROW IN ONE POINT..THE NOTION THAT BY GOING TO GOVERNMENT HEALTH CARE IT ASSUMES IT IS A FREE LUNCH AND SOMEONE HAS TO PAY FOR THAT. BUT THAT IS WITH TAXES. WHEN TAXES GO UP IT WE BECOME LESS COMPETITIVE. SO THE NOTION THAT IF WE REMOVE THIS BURDEN THE CORPORATION IS PAYING FOR PRIVATE HEALTH CARE AND PRIVATE HEALTH CARE IS A LOT MORE EFFICIENT EVEN WHEN IT IS MORE EXPENSIVE. IF YOU MOVE THIS TO THE GOVERNMENT AND PASSING IT THROUGH THE TAX SYSTEM THAT WILL NOT HELP.

GUTIERREZ: WHAT COUNTRY HAS HAD SUCCESS WITH NATIONALIZED HEALTH CARE THAT CAN DELIVER THE QUALITY THAT WE HAVE?

HUBBARD: THE PRESIDENT HAS MADE IT CLEAR THAT WE NEED TO TAKE CARE OF POOR CHILDREN BUT WE ALSO NEED TO TAKE CARE OF OUR OVER HEALTH CARE SYSTEM. THE COSTS ARE GOING UP TOO RAPIDLY, AND THERE 46 MILLION AMERICANS WHO DON'T HAVE INSURANCE. WE NEED TO ADDRESS THOSE PROBLEMS. HE HAS GIVEN US COMPELLING PROPOSALS TO ADDRESS THOSE PROBLEMS AND UNFORTUNATELY THE DEMOCRATIC CONGRESS HAS BEEN UNWILLING TO DEAL WITH THEM.

DYLAN: YOU HAVE THINGS TO DO AND I'M GRATEFUL FOR THE TIME YOU HAVE DECIDED TO SPEND WITH US TODAY.

WE WILL TAKE A MOMENTARY BREAK AND THEN I WILL HARASS THEM ABOUT THE DOLLAR DURING THE COMMERCIAL BREAK AND BRING IT IN THE COMMENTS ON THE CURRENCY RIGHT AFTER THIS.



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