Green Party candidate Jill Stein says we need a jobs program like the 'New Deal'

I'm not 'poisoned' by corporate money: Green Party's Stein
I'm not 'poisoned' by corporate money: Green Party's Stein

Green Party candidate Jill Stein told CNBC on Wednesday she is the only 2016 presidential nominee who is free to provide the medicine the economy needs.

"As the only candidate that is not poisoned by corporate money lobbyists or super PACs, I can actually stand up for what it is we need," she said in an interview on "Squawk Box."

She said the United States needs an emergency jobs program like the New Deal — "a green New Deal" to solve "the emergency of climate change," and a cancellation of student debt to "liberate a generation to lead us forward to the economy of the future."

She said she would also make higher education free and make health care universal through a Medicare for all system.

The student loan forgiveness program could be paid for through a quantitative easing program in which the Federal Reserve would buy up student loans and agree not to collect on the debt, according to Stein.

"So essentially it's an expansion of the money supply, but in a way that actually unleashes enormous productivity. This is basically the stimulus package of our dreams," she said.

To be sure, the Federal Reserve is an independent government agency that devises monetary policy in accordance with its dual mandate of promoting price stability and maximizing employment. The president cannot dictate the Fed's asset-buying programs.

Green Party presidential nominee Jill Stein
Win McNamee | Getty Images

Stein said the reduction in health costs by eliminating fossil-fuel emissions and creating a healthy food supply alone would pay for her green energy transition. A reduction in the United States' "bloated and dangerous" military budget would also contribute to the green New Deal, she added.

She said reducing the military budget would also discourage the United States from waging wars that have produced failed states and stoked migrant crises, and would therefore make the country more secure.

Stein and her running mate, human rights activist Ajamu Baraka, formally accepted the Green Party's nomination last weekend in Houston.

Following the Democratic National Convention, 5 percent of voters said they plan to vote for Stein, down from 6 percent prior to the event, according to an NBC News/Wall Street Journal poll. The poll has a margin of error of 3.46 percentage points.