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Now it's time to hold another prime time news conference can we have the breaking news.
At the attempts to deflecting control all the -- the vacation on his first 100 days today's -- -- complaints are again.
Number all Treasury Secretary Tim Geithner the public according to new balls.
He has been to stop on the banks too -- Perhaps and that is why treasury source tells Fox Business that Geithner has not made up his mind on -- group's request.
To pay out bonuses new bonuses to its bank executives -- never Citigroup has received billions and your taxpayer supported dollars.
Given Geithner is unpopularity of what happened when the public found out about those AIG bonuses.
Get wonder why Geithner -- that think about this one.
What is that quick decisive -- guys known -- you pay back the taxpayer money to city group's request to hand out bonuses.
Be exactly that thing to regain the public's confidence right now.
Well let's hear now from a -- I don't think there will vote democratic congressman Paul holds they you -- for joining us.
I'm happy to be -- yet.
All right thanks so much simply felt touched on this that Citigroup club -- in this issue here.
Should the Treasury Secretary say no no bonus -- you gotta have those salary cap -- -- you pay back taxpayer money they need to do whatever the heck you want.
You know I voted against -- every time it came up because there was an accountability and transparency.
And it didn't protect the taxpayers' investment the way I should.
Well here we are and given the furor over bonuses -- AIG.
I think it's a pretty hard sell in congress.
For the taxpayers to be footing the bill for bonuses to Citigroup executives on the other hand.
Folks in Wall Street say if you don't pay executives you're not gonna keep the good talent.
But then on the other hand folks say well the good talent sort of -- Citigroup into a very deep home on balance I think the US secretary of the treasury ought to think.
Twice at least before agreeing to any bonuses for Citigroup.
Pat -- -- -- -- Rebecca it's set up how about a decisive no I mean.
Right now Citigroup sitting -- fifty billion dollars of taxpayer money another 300 billion in taxpayer money backing the operation.
Where in the world what is it not just outright.
No no bonus is you know the deal you know the drill give back the money and pay your people all you want but not while you still holding some of our money.
Pay the taxpayers back then you can do what you want.
OK so why don't you get what Geithner saying.
-- and you know I hated it when he did it AIG.
-- -- -- and you're not handling this properly to guide frankly is a deer in the headlights that you have the audacity to come on here and say he's doing a good job.
Wait a second.
I don't talk about it being a deer in the headlights what you heard police say is he's.
I don't think that Citigroup executives ought to be getting their bonuses until the taxpayers are -- payback I don't know where you -- I differ on this one so well.
Don't call me a defender on everything I think an independent view.
What the secretary of the treasury ought to do and what we ought to do with the banks that's my job.
Well represented let's talk through what we ought to do then from here I mean that's what I end up confused because I I let you I -- the TARP every step of the way but now that we're here.
I get confused I do want us restricting.
Citigroup but then I don't want the government restricting anything I get out of this I don't know catch 22 economy I -- Well.
Right now the federal government seems to be the only entity available to stabilize the economy we're in -- on my -- are you sure you're.
Destabilizing the economy it's your guys -- crowding out the private sector that's freaking out we in the private sector.
Well the private sector -- ought to be stepping up in a way that they are not able to so far they haven't shown that they're able to I'd like to see some lending going on one of the problems I had with the TARP was.
I thought there ought to be conditions requiring that if the taxpayers' money was invested.
Then it ought to be lent.
To consumers so that the taxpayers who were investing to get the loans they need to buy the things they need to get this economy stabilized.
So we can get it moving again that's one of the real problems here.
We -- concentrated from the beginning on helping foreclosures.
Which would help with the bad assets are not that I -- -- -- -- -- Not helpful when you come on -- say we should have done this we did it's it it would it would it we're here where we are.
Do we don't have a lot of time we're back it's got a question what is Geithner the guy for the job bush we remove and replace them.
I don't think he ought to be removed I think continuity is important.
I think he's a Smart guy -- doesn't mean that we agree with everything that he may or may not do but I think he knows our views certainly on the subject.
All right now that Geithner let's talk about people's jobs you know -- making a good point about the private sector being crowded out but.
I see the private sector stepping out.
In hiring in doing something about these unemployment numbers you know all these small businesses people -- -- -- getting personal there's saint.
You know look I can't get a loan from the -- I can't you know people are buying my product that they're worried about their jobs it all goes back to jobs still had -- we addressed that problem.
Well I think that the economic stabilization -- recovery plan that President Obama.
I've got past is a good start in my district we have a 130 million dollars coming in.
For transportation projects I was out on route one on one and upping the other day with the transportation secretary.
That is just the beginning of the job creation.
That we're going to see that's gonna stabilize this economy it is about creating jobs ideally it's the private sector that does it by themselves.
But in that circumstance like this I think it's the right thing for the government to do to do what we've.
We've done and help create jobs cut taxes for 95% of the American people and get this economy back on its feet again.
There's -- -- thank you very much for joining us are happy hour.
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