From the Democratic Whip Press Shop:
Wanted to be sure you saw this comment from Pacific Investment Management Co. manager Bill Gross, calling on the government to support job creation and shift our focus to manufacturing. While the Republican agenda has been thin on jobs, Democrats hope moving forward they’ll work with us on our Make It In America agenda, particularly bills that passed last Congress with bipartisan support.
“Bill Gross, manager of the world’s biggest bond fund at Pacific Investment Management Co., said the U.S. government must do more to support employment growth.”
“‘What we’ve been able to apply in the last 20 years is a financial based employment structure where the magic of finance and asset appreciation’ generated jobs, Gross said in a radio interview on ‘Bloomberg Surveillance’ with Tom Keene and Ken Prewitt. ‘That model no longer applies. We need to go back to the manufacturing roots of this country as opposed to the financial roots.’”