Joe Budden recently spoke to Rhapsody about “Talk 2 Em”,  his track off his latest mixtape Mood Muzik 3 which takes shots at Jay-Z.

On the track, which leaked last week, Budden took stabs at Jay-Z's relevance as an artist and his abilities as Def Jam president.

“[It was] exactly how I felt.  It was disrespectful, but it was a diss with a point: Stop rapping.  Hang it up,” Budden explained.  “ You’re getting paid to be a president.  Be a president.  We loved you as a rapper.  One of the best to ever do it.  Now it’s time to do some other things.”

“If you look at it today, a lot of these younger people didn’t experience Reasonable Doubt, In My Lifetime, Vol. 1, and the things that people my age have come to love Jay for.  < /SPAN>The younger generation is like, eh, f*ck it, whatever. They don’t really respect it.  I don’t think he puts that fear in any artists like he once did,” Budden continued. “It’s like Shaquille O’Neal now. Shaq was one of the most dominant people to ever play. Nowadays, he’s still worth something, but it’s just not the same.”

“Everybody is calling American Gangster a concept album. It’s a Jay-Z album. He’s talking about the same exact sh*t he’s talking about on Reasonable Doubt. Where’s the concepts? He just needed something to attach it to, which he did,” Joe added. “He needs to be a president and start putting out some f*ck*ng artists. When I start getting into saying things about Jay-Z or Def Jam, I’m not speaking to try and get anyone to feel the way I’m feeling. Which is why I say it’s not a diss. ‘Cause I’m not trying to sway anyone’s opinion.”

Budden also revealed he will be releasing his next album in 2008 and he plans to sign to a major label.

“I’ve narrowed where I’d like to be to three places. I’m going to end up at a major,” Budden divulged. “ I’m going to put out an album in the spring called Padded Room independently. And then, in the summer time, [the process with the deal]  will be done.”