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Follow the Money!

Title:

Follow the Money!

Published: Mon, 2 Feb 2009

Description: Sen. Sessions on the stimulus!

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Automatically Generated Transcript (may not be 100% accurate)

" No one seems to know. I wonder president Obama even knows he would make your life better to make it easier for you to -- bank and borrow money. It doesn't seem to improve things in enemy measurable. Way. Our next guest who's fidelity to the constitution and the premarket. Draws great admiration from me. Is a member of the United States senate and I don't even thinking goes out that money was bad. Senator Jeff Sessions Republican of Alabama. Joins us now senator Jeff you've been busy thanks for being here."

" But I do I just scared to be review and you've done you'd he -- end of this and you understand his star. Our action in which congress just gave 700 billion dollars on to us secretary Paul Paulson and then went home. Almost wit we're actually ask for our maximum flexibility. You know what that means of the larger."

" Right and you can spend -- however he wants we noted some we know that some members of congress didn't go home for example we know that Barney Frank. Who's the chairman of the house financial services committee want to Hank Paulson its -- this this little bank in Boston it's so small really isn't even a blip on the radar screen and even though the Chief Executive Officer and senior vice presidential proportions that bank -- for them give them sixty million anyway. And that kind of nonsense went on and on and on. Nobody seems to know how that money was spent. My bosses at fox fox business network. -- just sue. The treasury. To force them to explain where the 350 billion went. And the Treasury's resisting the sit."

" just unthinkable -- with the idea of congress really. We should've put those things in it and that we're here we are for months that we've we've only spent the 350 billion. They told us when it was passed that they had to have the authority -- 700 billion in and edit within the next day --"

" Right we won't work this way you know the sky would fall."

" And so that your life for the whole disaster do the whole world and we we just saw a panic in the engage in in people that know what was happening in the secretary of treasury was predicting these awful awful consequences. Aimed how we -- moving into a recession has no doubt about it it's -- serious recession. But that this site that you know we've never had a recession like this book before an issue the world it's maybe technically correct on this driven by this financial markets. But. Into fundamentally it's like serious recession that we're going to have to work our way out with sound principles and and smart. Spending and not reckless spending."

" Right now I thought I heard you say something. About an hour ago. On the Fox News Channel with my good buddy Bill Hemmer that almost caused -- full of my chair I repeated it. On the on the on the crazy chance that I heard it correctly did you say. That the 800 in nineteen billion dollar. Spending package that came over from the house in the Senate has already up to 900. Billion."

" Yes. 770. Billion plus. Well they've added another tax provision in the air."

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