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GoDaddy.com CEO Bob Parsons on why consumers do not need more government bureaucracy to protect them.
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Consumers really need all this protection that they have now.
Let's ask a guy whose life depends on his consumers really happy.
The founder and CEO of godaddy dot job by -- -- proud former marine mr.
Bob.
Parsons sample of five Bob good to see again thanks for being here are separate -- you David great to be here soul.
I have we got no more overboard -- this consumer protection stuff.
I'll tell you when I heard that he was going through with that I couldn't believe it I think Tuesday when he shared a glass of wine with the quaint should put -- -- -- -- This -- literally mailboxes.
And -- -- it is it is unbelievable I mean you look at that deficit is and that -- in the multi trillion dollars.
If anything I expected -- -- -- lives and maybe cut back and some other areas.
-- 44 BC Cicero said.
The more lost the -- justice cannot tell you were running negative responsibly for business operators.
Less -- less justice that translates to costs and that translates in the difficulty -- businesses less job.
Spanish -- it's not like they just hired one person was worn a watch out for consumers.
Very they started this huge agency there we've got a list of all the sub agency either about ten or fifteen sub agencies each one of which.
Is gonna hire at least a hundred people -- adds up to thousands of new bureaucrats.
And you know these these agencies don't go away they just get bigger and bigger.
Now wants an agency exists.
I've made it becomes self perpetuating and and and to get rid of it I mean you know you have better luck get rid -- herpes it's.
-- you know.
You've got a chain that's a valid thing.
Yeah boy Bob you are showstopper I gonna affect the thing about consumer protection though is is that right now with the Internet you know what's so well you're part of -- that's the adult -- business around it.
There -- so many ways in which your reputation catches up within happens good reputation like you have.
A lot of people by the way who say you know when we have -- probably -- we call and they give us -- help we need.
That catches up -- a positive way if you're if you're doing bad stuff that catches up with -- have lightning speed so isn't transparency.
More important in a new government.
Agency -- -- as far as consumer protections concern.
Well absolutely transparencies more important but keep in mind.
Government moves at a snail's pace and and this new organization is going to be no different so what are -- wrongs -- writer gonna be long after the fact.
And you know your your part of your gonna be stacked up like court -- -- -- -- I don't know it's best for people to use social networking use common sense I mean what we always did user -- Should protect herself.
I'm only the government doing that for us it's just gonna do anything to hurt you I mean we -- as you say it's probably just added audits are gonna do anything to help the goods -- about well it actually hurt business.
-- shorts got hurt business because what they're gonna -- This or go to -- a bunch of new regulations.
Right and you know instead of enforcing the laws we have one box.
We've got a much more all sweet -- -- we have to understand.
We're gonna have to deal with our visitors and and yeah.
Ronald Reagan said he said -- of the seven words -- what.
But he said the several works you don't want to ever hear itself from the government and I'm here to help that's right absolutely but -- yet we still we have this man truck.
Whenever you hear the phrase consumer protection you know that the skies -- up securities angels singing everything is supposed to be hunky -- you're supposed to -- -- bet -- very forays.
Consumer protection you think consumers are actually getting wise to affect all you -- agencies don't help.
Well you know.
I think consumers know that are you know they need to be careful -- they do business with.
And they need to make -- reputable and it you know I don't know that there's too many consumers in the US today affected -- you know.
I was get ready to make a purchase and the government stepped in and they help me.
And it and it prevented me from getting ripped off as not -- Won't let you take when you couple this with the fact that we've got the deficit that we can now and and he's talking about reducing the deficit.
And being fiscally responsible -- does this.
-- -- -- -- -- -- -- Well it beyond the cost of this thing in a cost of all the bureaucrats and everything is is what it will do.
To credit in this country credit is something that the small business you're you're probably big enough -- you don't have to worry about Lotta small businesses can't get credit right now because of all the new regs.
Now they're doing it because they say they want it -- prevent another financial collapse like we had in 2008.
But that they're put all the blame for that financial collapse on banks put none of the blame on themselves and what they did with Fannie and Freddie.
Well I mean you know I'll tell -- what a classic examples look at I don't -- billions of dollars.
I mean here's a -- that -- -- those billions never met and wanted to investment the government never took a look at it.
All right so.
I mean it's like what are.
-- -- -- -- amid are gonna do is spend money and complicate things more than they already are not tell you what up a strong proponent of we don't need.
Yeah I agree got a percent by the way I gotta give -- -- plug because this Sunday we just said Danica Patrick on your godaddy girl.
What a wonderful gal she is and she's going to be racing in the indie.
500 is this Sunday at noon and I guess you're gonna be there -- sponsorship right.
You can be sure I'll be right to -- with -- and I'll be I'll be cheered her on.
-- she got a she got overall video and in the -- the qualified went up because she's so good.
She still managed it qualify 26 has been -- don't want it bad.
And it.
-- -- went from there are -- Attica.
And you'll be in the pit -- god bless -- and and -- have a great Memorial Day weekend to you are proud former marine god bless you -- five Bob always a pleasure.
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