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Her performance bill if passed and signed.
It would give Treasury Secretary Geithner extraordinary.
Power to determine the pay a nearly all employees of all the old bailed out acts -- -- companies.
But it just -- observation today for the Wall Street Journal lawmakers have long rewarded barricades with bonuses.
-- for cat irritability and Florida Democrats Alan Grayson who wrote the bill joins -- now for happy hour.
Congressman thanks so much for joining us.
Thank you it's happy or unhappy.
Thought OK -- happy day it's happy hour I'm.
You know I was -- on Hannity show last night and we are talking about this all you know obviously you know what what he has cited the the -- coin is.
But I talked about you know -- no -- -- government to get in London metal in their affairs.
But if these companies are gonna be depending on my taxpayer dollars and I want strings attached so we prevent the HI TI don't want -- -- Multi million dollar bonuses to these people.
Who screwed up their companies in the first place although yet neither limited just to the bail -- companies once they pay gimme my money back.
Then they can do whatever they want with their company.
That's what we've done these were talking about government owned companies here the idea that we're not supposed to set any limits.
And they can take taxpayer money and stuff in their pockets without any sort of restraint.
That's what this bill prevents to me it's his common sense.
Well congressman let's talk about what common sense of what congress has -- frankly any common sense at all.
We seen this year -- -- did mention it in debt that intro where beyond congressional aides are getting paid -- was at 17% higher than.
-- 400 bucks the highest was about 141000 bonus but you're here here's congress telling everyone how Wall Street cut back.
Cut your bonuses cut your your your your payouts.
And then there are things like that paying at congressional -- and also.
Congress voted themselves an increase in that annual.
Excitement that you you take.
From the taxpayer.
To the tune of 90000.
Dollars -- -- a 30000 dollar number in years past congress doesn't seem to be taking your own advice.
Well look those bonuses and those races have been going on every year for decades to come and ask you question why you think somebody's raising that now.
What -- talking about that now.
What -- because our outrage -- hundreds.
Natalie that's certainly that's why do why -- -- news is AIG's bonuses which we just found out about a month ago.
But Eric also then again like -- -- comparing Japan in the US you're comparing multi million dollar bonuses.
To a couple hundred bucks a -- on not if I don't spend the money they lose it.
I'm specifically -- that's a great point.
We're back but might not specifically talking about those.
Those -- that every kid congressman man woman -- child gets every year you increase the number buying 90000 dollars this year.
Vs years in the -- who's very -- tripled.
Being increased to -- around one point 51 point six million dollars per person that's not cutting back room.
No I'm sorry you gotta get your facts straight I think I have this -- was barely more than -- inflation.
And -- your facts are correct -- -- number is 90000 dollars -- congress person.
Trip one and a half million dollar budget you do -- that's six.
OK well let me let you on the we're -- within its profits -- -- a packed machine congressman let me let me wanna bring it to you this way when I'm looking at these guys are doing the people don't I mean -- now that you guys and now the congress you guys have decided that the corporations deserve trillions of dollars welfare.
Yeah I want to make sure that it's not wasted I don't want any -- I want every guy working better now.
Welfare dependent company -- like -- on welfare.
But -- -- got to stop the welfare man I'm not only make it won't matter if we're gonna again I asked -- absolutely anonymous.
-- -- it makes you feeling better every member months that was the also 11 o'clock at night.
Working hard to make sure this bill -- now to make sure that people were not stealing money from the taxpayers so you're getting your money's worth.
But I'm saying that you've got to go back to the premise how do we stop the -- until you stop the -- your premise is entirely on the principle is wrong.
And so I haven't voted for any bailouts and I don't plan to.
Well I guess what I'm asking how to like pragmatically.
Help other people stop voting for these bailouts represented -- well listen we've got a bill here that punishes people who stole from the taxpayers got to step in the right direction that's what the subject is right now.
OK congressman can I ask you -- since you didn't vote for the bailouts that.
How do you propose to get a that in this economic mess that just let these banks fail and and move on.
We have to prevent getting into the situation in the first place well we aren't the situation now fell we are -- -- situation so what's the solution.
I would say that we need to make some kind of compromise between letting people get away with.
This kind of misconduct.
And and hurting the taxpayers in the process we have to prevent both.
-- -- it's not.
Well I'll tell you now for starters we should take everybody who's responsible for these bailouts and take them and put them out of a job themselves.
They're creating unemployment all across this country and get -- remaining on their jobs I asked the AIG had.
The names of the people responsible for this the twenty people actually put us in the situation he wouldn't even give me their names.
These people shouldn't be getting bonuses these people should be locked.
-- and get bonus icons let's talk about that billion talking here you say along the bottom of the screen should congress -- -- paid for lawmakers.
Based on performance give us some sort of Bob.
Metric that we can sink our teeth into how do we find out if you're performing well -- not in congress.
But say on an hourly basis I'm barely make a minimum wage.
I'll tell you automatic bid if you don't like I Calgary photograph.
Completely agree but I'm still.
You know a lot of people are pointing their fingers.
Different places where pointing out guys I am pay a lot of this stuff started in congress what about you guys should you guys be locked up if we find that may -- some there's no you did was us.
Get this straight the reason why were in the situation right now because of it eight years in the greatest mismanagement in human history.
That's what brought us to this position.
It's not a question -- when the congress and for tickets not a person appointed Democrats in congress.
Republicans had all the power year after year after year I'll I wanna put -- and got every right now.
It's all right here we go again I -- -- -- out and all the all the hard nineteenth we get in this mess you know I I want -- sitting here.
It's not more about people losing their jobs and losing their jobs created the jobs number out on Friday it's not going to look good you know -- is gonna be up there.
We're gonna get anywhere.
But we have to understand what's happened in order to prevent that -- rupiah about that.
Now if we're gonna just sort of forget what's gone for the past figures will never learn from it.
And things will happen over and over and over again so yes we do have to look back.
And most of all we have to hold people responsible congress they're the ones who put this in that position then they're the ones who have to be punished for.
OK so I've just got about ten seconds left and I'll actually let you answer this question just yes or -- you tell me that I'll just vote Democrat the rest of my life my economies behind.
I'll tell you this if you'll vote Democrat dressed -- and you live in Central Florida I'll give you a big hug.
How well that I I guess not that -- you on the stands we thought we did you need is asking the concern you know been on FaceBook and everything people often the block they're saying hey.
This is just one little step next -- going to be trying to give Timothy Geithner our.
Over everything -- -- -- can take over any company even if it's not a bank that's too big to -- systemic risk now he's gonna have say over eight.
You know this is his government more government encroachment on our private -- you need any help.
-- -- -- -- -- -- the best thing in my people maybe they should be arguing that we shouldn't force in the criminal laws because we put bad people in -- maybe one -- we putting good people in prison.
We make laws for the best -- we can make and then expect the executive branch to execute on them.
And that's what it does every single day and if people don't like it they can vote us out.
-- -- this and this idea that you decide the that that you shouldn't do anything about any thing.
When it that the problems are right in our face that bad ideas is wrong.
Don't dwell on it got a -- congressman Grayson thank you so much for joining us -- to got to have.
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