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Meanwhile other news -- this broke that was gripping the capitol this car is Arafat's.
Where was he where is the members of the president's auto task force testifying on capital -- doing so right now.
But one guy not there is the cars are insults -- rat.
Missing today adopted a lot of questions today count GOP senator Jim did -- -- Senator good to have you.
Good to be here in the U.
On why did he sell out.
Well I just came from the hearing obviously I was disappointed we didn't have a the chance to question bizarre but that's one of the -- reasons for the president to a point I think sixteen is ours now is they are not confirmed by the senate.
And they're not accountable to us -- so when we call them to come speak he just sent some of his underlings.
Two to give us a party line it was very hard to find out -- to get really any assurances at all.
That we won't continue to pour money into General Motors.
And that we won't allow them to use taxpayer money.
To push private companies out of business though the one thing reason -- have senator.
Did we did hear from -- -- -- folks that he was at his son's high school graduation.
In New York today did -- ever let you or your democratic majority colleagues in the senate panel now.
That was the case didn't bother what.
Well I'm not sure what he told chairman but I certainly.
Was not told -- but and and I understand if he needed to be somewhere else and will try to call him back up but the fact is we have very little authority.
Over this floor situation.
His democratic colleagues feel about that I mean because there -- sixteen of these guys now.
And while they're not all calls are so my guess -- called masters and brand new buzz in Somalia but there are a lot out.
And and they're not answerable to either Democrat or Republican senators -- -- so.
-- it's got to be chasing.
-- -- Well the Democrats seem to be OK with it because they generally agree with the president.
That it's okay for the federal government to manage large aspects of the private sector.
But as you hear these people talk about what they're gonna do -- what they're promising not to do.
You realize they're already so many conflict of a bit of interest because -- government owns them but they're also supposed to supervise them.
But they're saying it's a private company now so they don't have to do the reporting that we require a public company's.
It is already getting so confusing that it would be funny if it wasn't so tragic.
-- senator that these ours or whatever that they control a lot of money between the sixteen of them close to one point eight trillion dollars of federal money.
Overseeing everything from banks and auto companies.
Some folks in -- and and if they're not answerable accountable to you guys.
Who who -- that counts.
Well that reporting to the president and he is this CEO of the American economy right now.
And the congress made this mistake and when we pass a 700 billion dollar bailout.
We essentially gave them a 700 billion dollar slush fund to play way -- and now -- secretary of treasury Geithner saying even when that monies paid back.
And he can continue to use it for other things that he wants to do.
We've got some amendments -- that what we're gonna attached to some legislation.
-- to require congressional approval when the the government is converting these loans to private equity.
There's a lot we have to do -- this sand but right now it's it's out of control and the president is a king in bazaars work for him.
They -- senator thank you very Vermont.
Thank you --
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