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-- -- The Wall Street Journal is reporting today that the White House is planning to appoint a special.
Our compensation -- pay czar to keep a watchful lie on employee pay at firms getting your taxpayer dollars.
Now Michael Brown is managing director for government affairs for Edwards Angell Palmer and dodge and former DNC a vice chairman Michael Brown says this is a good idea but Nora brought.
President and executive director of the -- Rand institute says absolutely.
Not we got to fight in our hands I figure I've got ahead of it.
Well I mean since -- in America do we have -- -- -- let me remind you saw.
To -- -- -- cars aren't there almost an instant -- -- It it's it -- would going crazy I mean we've got we've got it well but doesn't cause now and this is just an indication of the extent to which the government.
Is dictating is intervening into the economy got into this mess because of all the regulation it too much government involvement.
And -- accepting maybe if there's section of coast -- -- sitting with even more bloated government.
With more government intervention and now -- saw was dictating -- auto industry the banking industry.
And soon now be telling us how much we can be -- Michael Brown there are quite a few people being brought on to run different areas -- the terms target some people -- I think most of us are our understanding enough to know what it means it's -- -- chief but.
Is it getting to be a bit too excessive or is this needed.
Well I don't know but it certainly -- under the umbrella of deregulation are too much regulation I know one thing.
Once you put the American taxpayer dollars on the table.
I think the president in the government have every right to have someone that's watching over that now clearly.
This is hopefully not a long term investment where the American people taxpayer dollars will be on the table for too long but clearly.
We have to do something to get the economy rolling again and in the meantime.
I think pres Obama is very wise and second -- secretary Geithner are two to make sure that there's someone at least.
Making sure things are going properly and there's nothing -- that frankly I think the American people want that because -- dollars -- -- -- While you're -- by the way we should mention that Peter Barnes has now confirmed it.
That the president is -- -- go ahead with his -- -- But that did that the main fear with people like you I guess and folks were really concerned about the free market what's happening to it is whether this is going to extend.
Beyond just the TARP companies whether it's going to go and other spheres of influence in the United States the private sector do you have any evidence for that.
No I haven't seen the I got a cigarette Musharraf go ahead.
Really pumps are we seeing this creeping right we started with though -- we've got we've got over it doesn't -- them.
We've seen this we started with bailing out the banks just a little bit -- we had talked.
They we had a huge stimulus package that we bailed out auto business which it now we handing over to the unions.
Eight this -- have evidence over the last year and a half.
Both on the bush administration and the Obama administration of the ever growing influence of government into that he -- thought.
Specific and that -- -- -- -- want to ask you this question specifically.
The pay -- if I'm an American who's watched AIG get a bunch of money 160 billion or so dollars the ones -- I wanna see.
Is the guy or woman who's going to be in charge of watching to make sure that the people who -- getting TARP dollars.
Don't get out of hand if they can limit it to buy -- TARP companies you're not okay with that.
No absolutely not by what expanded does that does that -- determine how much -- -- CEO of achy by the way is getting zero right now.
What kind of -- that this CO BA he should get by what it is not stand did.
-- which this bureaucrat is going to be able to eternity if I was concerned about AIG.
If -- -- attacked -- which I have.
My concern is.
Government involvement in all these companies to stop bailing them out to let those companies that fail -- to stop putting my taxpayer money at risk.
Act in any of these companies get the government.
I'll while Michael Michael Brown takes -- -- I -- aren't you including yours now Michael brownie you've never been a fan of corporate welfare is -- important we get the government out of defending these.
Well I think that frankly the the job and and the hope that we all have the problem is.
We're clearly in a situation that President Obama inherited from.
The bush administration of this poor economy and he and secretary Geithner had to do something in this is one of the things they've decided to the American people.
Clearly felt that that was okay otherwise it would have elected president one -- -- time Senator Obama now President Obama.
President so something had to be done and I think the American people do when someone in the room.
Looking over folk shoulders making sure everything's OK and then eventually.
Growth to a point where it's not needed and not necessary I don't think anyone wants to do this the question is does -- have to be -- -- -- Well I don't think it has to be look we've had.
We've had regulators and bureaucrats looking over the shoulders of bankers looking over the shoulders of of American businessmen.
For decades they didn't prevent this crisis indeed.
They spurted on and they -- felt like that they were the ones who created this crisis this is the government created crisis and with setting ourselves up now.
How much bigger crisis in the future with with the wall that the government if they cannot.
This is not what we have government -- we created this country created government to protect individual right.
Not to -- and they were just -- -- -- money bailing companies out.
I can before this on the segment before this there were talking about consumer confidence and having that czar is exactly what this is all about it gives the consumer in the taxpayer.
The confidence that everything will go well for a little while this is not a forever thing you're on a -- decided to get us through -- -- -- been having have experience with the experience for bureaucrats is that the bureaucratic agencies don't grow they never go away.
So I'd be happy to see it go away at some point but -- -- fight the debate at what would most.
In college consumers right now is for the government to start backing away from all the bailouts to let the market -- let the companies that deserve to go but let them go.
Bust your aunt Brooke Michael Brown that have to be the last -- do this again we promise you because it's -- it's important to address the and it's respectful as well you guys are great thank you for.
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