This transcript is automatically generated
Congress begins hearings on the GSA's.
Outrageous -- -- -- we just said.
Every day we learning details I just described all the newest ones here in a way and the -- the only Donald Trump.
-- -- -- Thanks for joining us tonight listen I don't know if you've heard -- latest details on GSA the General Services Administration but I have to think.
If your own employees were wasting money like this.
You probably fire.
Well I have to.
Dealt with the GSA over a period of time and I must tell you that the people we dealt with really have been professional that the highest -- so that's the only really response I can make I've I've found that they are very professional.
In fact to a point where it was something that they should be proud of so.
I can't really respond to the party I don't know I think about the party I'm hearing about it.
Over the last week -- it's it's really unfortunate but I have dealt with people in GSA and I've really found them to be professional total professionals.
Well maybe the people we are working within that different from that people that we've been hearing about the latest headline tonight.
A trip to Hawaii a weeklong trip for several employees in the General Services Administration.
To cut a ribbon.
Add a leased building site which seems odd to me -- a and a true waste of taxpayer dollars if -- own employees were doing this how would you respond well.
Earlier he saw it really depends some cutting the -- and about a week in Toronto and I'm gonna go up to Toronto I think we have to be fair to people.
I'm cutting gave -- -- on a beautiful building that we -- Toronto.
And they -- be an area and I am going up with many employees and we're gonna have a great time -- we're -- we're gonna cut -- -- -- building and we're coming back to New -- so you don't what you do something in the case of the GSA -- -- to build and they'll -- or something and you know they probably would be requested to be -- so.
You really do have to look at it from a share standpoint and I just I just tell you that I was most impressed with the GSA what I've dealt with that.
Are you as impressed with Fannie Mae and Freddie Mac -- course you probably seen the news this week that they're considering principal reductions are gonna write down mortgages.
For folks out there with troubled loans what do you make of that.
Well I deal with them really very little I -- You know obviously if you read the papers and if you believe everything in the media you would not be overly impressed and it's hard to be impressed with -- steady -- Freddie but.
Yeah again it was a very very bad period of time there were a lot of problems in the world but.
I would say that probably their performance was not that impressive in terms of -- -- You're real estate expert how do we solve this housing problem.
We saw that with time -- -- that -- intelligence and you can't throw money at the problem because of the government comes and it's such a growing distrust sort of lots of money at the problem which is gonna get -- complex.
And it's never gonna straighten itself out so.
It will take time it's a -- like you've never seen before.
It's probably slowly very slowly getting better.
But there are those the shape before it gets better it's going to get worse so we'll have to see what happens but it's over a period of time and of course mistake you can make -- to throw money at it.
How deeply that's gonna get worse before it gets.
Well it could very well -- a lot of things could get a -- going to be very interest and see what happens to gasoline prices is gonna be very.
It trusting really to see what happens with the oil because you know the oil is the is the lifeblood of this country and if oil is gonna go up where over a hundred dollars now it was going to go up -- this -- going to be in big trouble you know -- Asian Nigerian absurdity before.
I've always felt that for years ago what we had a problem oil -- a 150 dollars a barrel.
And I always felt that that was at least equal to the banks and I'm not trying to defend banks because they were bad boys and it was not a good situation but.
I thought that the oil price scores by OPEC I -- that the oil prices were at least equal to the bank in terms of leading to a big problem.
Well it certainly hassle and and -- budget buster for American families.
All eyes on the president today he's talking about his new Buffett tax and -- hear what the president said get your reaction here's President Obama.
-- survey found that two thirds of -- support this idea.
-- -- nearly half of all Republicans across America.
So we just made some of the Republican politicians here in Washington to get on more.
What -- the country us.
Well I don't know if -- one of those people who likes that I what do those millionaires billionaires who likes that idea.
But he sort of by four or five of them what do you make of the of the -- attacks.
Well it's interesting because as you know wait a niche yet or whatever company that he owns CEOs hundreds of millions of dollars of fighting in court and it's sort of interesting debt.
He's talking about how people should pay more taxes defect -- an Asian dispute dispute with the government over hundreds of billions of dollars the fact is that the economy is very very fragile it's very weak at best.
And this is not a good time to be raising taxes because people are just -- -- their cards go home and relaxed and -- not going to be creating new business is a job so it's a very very difficult types.
And they have a published where they spend the money you know it's one thing to say -- pay more tax.
But where they -- -- spent they gonna send to Afghanistan I think it is headed to Iraq.
Are they gonna send it to Libyans -- now the rebels -- took over Libya because of us -- having a field they would royalty oil they just took over.
Which we could have right now 50% -- we had to do -- to the rebels.
Will help you we want 50% of your oil and they would have edited two seconds.
Because there were being routed to other question is really what are they gonna do with this money when they get it I think -- a waste the answer is yes.
And that really Asia a lot of times I'll make an investment and something that's okay because all know what I'm doing.
But we have no idea what -- they do with all this money we have sixteen trillion in debt.
-- ripping us off OPEC it certainly -- -- so it really is like where is this money going to.
Well and certainly it wouldn't cover even a small fraction.
Our nation's debt or deficit.
The amount of money that kind of attacks would generate he -- Warren Buffett's back taxes -- he does he does so the federal government money there in a dispute over as you said hundreds of millions of dollars.
Is Warren Buffett talking out of both sides of his mouth on this issue.
Yes and ethnic issue there is Texas.
Well as an open invitation because you do it any day of the week on treasury gov -- out any time you -- -- and the federal government money.
A Donald Trump thanks for helping us out tonight it was a pleasure speaking with.
Very much -- have a great show.