Also in this playlist...
This transcript is automatically generated
-- out there all right let's bring in David -- on this focus this is deep political economic story of the day the recess appointments that remind everybody.
Three appointment right -- so called recess the National Labor Relations Board all of them pro union people.
100 -- we've got the direct -- recess appointment to this a Consumer Financial Protection Bureau.
I say that that is a political -- I think the president is on to something here and it will win politically with this Richard -- radio and appointment and you -- It is a political winner for his base and for those I call -- the -- informed voter out there who will take whatever the government gives them.
Whatever Obama gives -- but let's look at this for what it really is.
We have -- until we have a republic form of government representatives we have an unelected bureaucrat Richard -- -- Not answerable to congress are representatives.
On top of that his job will be -- -- debt collector is payday loans.
Their rationale according to the White House is that this will help prevent a future financial crisis let me ask you some -- how many payday loan companies.
Were the result were there reason for the financial crisis this is just like the student -- it is a purchase of votes.
Because it does nothing but it does hurt businesses and by the way when Obama's out of office.
This bureaucracies still there what what do Washington bureaucrats do big role the -- he -- up.
Well -- look at the appointment has to be made is this new agency this bureau.
Is self funding.
It doesn't go to congress for the money.
There's no such thing in Washington is self funding -- that always -- -- actually industry.
They take just -- they gonna do if that's not that's -- that's attacks it's a hidden tax that has not self funding if they are spending money in a way that some people don't -- -- of congress cannot reach an insight stop spending money like that they can't do it taught elected bureaucrat not answerable to congress were created in basically the finance consumer czar can do and by the way what does -- -- -- -- government jobs.
It -- pension liabilities down the line.
Look President Obama has got to be taken out of office because.
He will bankrupt this country if he has another term OK let's go around -- table for a second you think it if you agree with me though you think it is like political -- up.
It it is where -- very much and I cigarettes -- -- -- -- site.
A political -- -- Tracy now.
-- -- -- Did you and stick -- -- done about political winner when you have.
The Republicans and chaos.
With no clear message and no agenda and the president framing a message however much you may not like it you have to concede.
That the White House is gaining I would not concede the republic -- do -- I will give him a loss in this still because eventually those kids he wants to buy often these people he wants to protect.
They're gonna face the reality of no progress no upward mobility.
And in the end those of the -- Republicans need to talk to and say here's our policy to really help the nation.
Not segments to -- off.
Filter by section