Get Adobe Flash Player to see this content.

About This Video

False Economy?

Title:

False Economy?

Published: Fri, 8 May 2009

Description: CEO on Obama doubling spending to crack down on tax cheats

-

Automatically Generated Transcript (may not be 100% accurate)

" Now President Obama budget doubling the amount that we have to spend to crack down on tax cheats. Treasury Secretary Tim Geithner is in charge of at all and that's what David Armstrong have a problem with -- CEO of Armstrong international. David welcome to the program. I'm looking at the notes here you've got kind of an interesting analogy I think he would like to make."

" Behind us now Brian I remember a story I heard about. Robin Hood and his merry men and women."

" A Washington DC that's trying to talk and about President Obama. And Tim Geithner I mean. If you recall and Robin Hood he was given money to support -- not the case here were given money to people that made mistakes. That's different folks it's a completely different."

" Then we'll put him in charge."

" Who avoided fuel taxes and so forth and she -- put him in charge of going out in force in collecting taxes plays a sounds like the sheriff. Of Nottingham back then I got real problems that."

" You know you got mister Geithner who came out they did his own taxes screwed up self employment side paid back what 42000 dollars. And change and a and I -- thing too about this Tim is that this big guy I had just be honest who's got enough to do. To try to help the financial crisis will -- is going to be working on some but also tax cheats about six people NBC doing everything."

" Yeah that up -- you got a delegate you know what that's a problem I have you got us Obama puzzled by hasn't thrown himself a candidate members. That are confident. That also have integrity. I mean this this is not. Steroid on hypocrisy on steroids I mean this is just three ridiculous on we have to. Be careful about who we put into positions of power Obama has become or is going to be on television quite a few times saying I take responsibility for this week elicited some time."

" You know it's funny because the president is a big fan of Abraham Lincoln Doris Kearns Goodwin book team of rivals an excellent book talks about surrounding yourself with the best people in delegating. You know and it doesn't look like we're doing now right now is a collect SN a couple of guys -- Summers and -- and guy here that are in charge of a number of different programs teach. Some of them like you said. Maybe the backgrounds that. Not the best for the --"

" While it's just the latest thing you have -- you know air force to over New York City meanwhile kind of stupidity was that scaring the people and on top of the money we spent. And I remember when present Obama's -- pointed to the audience. And said I'm going to come already and rather take care of all the seals that are greedy in and mortgage companies Hubble practicing what you preach against hypocrisy I don't understand us. All right -- Tim Armstrong listen try to enjoy your weekend anyway we appreciate joining us thank you thank you all right."

More Videos From FOX News

'Responsibility Not Recklessness'

'Responsibility Not Recklessness'

President Obama pushes financial regulation overhaul on anniversary of Lehman Brothers collapse

Video|Mon, 14 Sep 2009|More from Politics
|buy homesfound at3:59

spur lending and not just -- banks but the folks looking to buy homes or cars take out student loans or finance small business. Our homeownership plant itself responsible homeowners refinance. To stem the tide of
Shelby, Rangel on 'FNS'

Shelby, Rangel on 'FNS'

How can we fix the financial crisis? Two congressional leaders square off

Video|Mon, 23 Mar 2009|More from Politics
|Nancy Pelosifound at1:50

where the House of Representatives is coming from. Under the direction of Nancy Pelosi juices get how much needed tax raise money back.
Liars Club

Liars Club

Rudy Giuliani scolds Geithner, Dodd

Video|Fri, 20 Mar 2009|More from Politics
|Chris Doddfound at0:10, 3:41, 4:40

coming from Tim Geithner the commitment the president. And the coming from Chris Dodd and while they're busy -- outrage and protecting the take responsibility. We have all the proof.
the American people are not that stupid. Well now and a senator Chris Dodd .
20 when your Treasury Secretary -- he's caught up in blatant lies Chris Dodd he's trying to save face as opposed to your money. And where is your president.