All the President's Czars

" Of food so. Let's bring in Fox & Friends host Gretchen Carlson. The senior judicial analyst judge Janet Napolitano and CEO of Wall Street strategies. Charles Payne -- from the Fox Business. Okay personal got a right yeah right unfortunately yes scary and you mentioned the czar czar that's obvious. Or little -- again at the guards aren't we you're absolutely absolutely do have a ready. -- congress has written laws that require the secretary of each of the branches branches to serve notices to what they're going to do to be transparent with the document sent to cancer the congress. The stars don't have to serve any notice have no transparency. And answered no one except when I heard Neil Cavuto stadium today I've been trying to get a hold them I realized oh my gosh. Nobody is answering any questions and then this morning Gretchen."

" I come I'd like to get -- of the cars are to both never did I think personally that I would need to get a hold of them but now I do you because my parents have on the General Motors dealership and an -- Minnesota for nineteen years and they were terminated. Last week and they would like to know why. They would like to know why from the car czar nobody nobody's telling. Didn't -- killing thirteen pages or something and noticed it -- to have any answer it said that you will no longer be apart of the new General Motors apparently there was criteria. But let me tell you this plan. Must when he. They -- profitable operation. There objective they met at a 103%. You can't go higher than that. And yet they are being terminated there are eighty employees will not have jobs and -- my parents lay awake at night worrying about those employees."

" Okay personal judge. How can they get away with it. We're we're waiting for -- they were come away for the Supreme Court had. Two to go in and say you can't do the other thing with the bond put that doesn't even address this issue. It if the Supreme Court. Here is the appeal on the Chrysler matter it will presumably lay down guidelines for all other bankruptcies including General Motors. And we'll have to order the bankruptcy judges follow the constitution. And people like corrections parents have a right to be hurt if Barney Frank. To whom you made reference earlier wants to be able to call the car czar and say. Tell GM not to close any dealerships in my district that is blatantly unconstitutional. One directions parents are closed for reasons that they haven't even been told okay. You you've talked to another dealership your families talk to another dealership."

" Many they all had a meeting yesterday in the state of Minnesota but here is the ironic thing there was a dealership that was closed in the first round in the metro area Minneapolis. That person was able to get a meeting with GM executives last week for an hour and a half and lo and behold Monday night that bush is back in business. And you tell me that this isn't about who you know who you can speak to now I've always -- government involved there was GM. Both. There was government debt that -- government intervention with a political person who was able to set up that meeting. But I thought this is supposed to be that you're closing dealerships because they work performed."

" From -- years -- General Motors AIG. Citigroup may -- Bank of America. These entities not -- a controlled by the government. And their conduit for different things one of the things that what happened last week that -- talked about was general motors' lending a private equity fund in Beverly Hills. Two billion dollars to buy Delphi. It this is not this thing anyway -- it again. General Motors here that General Motors two million dollars a private equity groups the two billion dollars so they can -- Delphi out of bankruptcy. That's what did on just like AIG was a conduit to pay a hundred billion dollars to European banks that we didn't have to pay a hundred billion to begin its Doug Goldman Sachs and accurate. Twelve billion dollars."

" The big this is you know what we should have known when President Obama was a community organizer. This is acorn. On a governmental failures is shifting the money. And -- playing -- game with the money here is the unconstitutional. Aspect to all of this the government is making up the rules it's it's going along. Corrections parents haven't been given a set of standards as to why there were canceled. The other people weren't given a set of standards as to why they were reinstated just because they knew a senator from Minnesota. -- we weren't even told ahead of time the taxpayer dollars was going to be used to -- Delphi so some czar somewhere is saying yes to this note of that and that's subjective judgment is against."

" A -- and it's worth Oakland it gets worse because by Friday terminated dealers by GM have to sign what's called a wind down agreement. And if they don't sign that they have a gun to their head. They will not get any war entities on any of the vehicles that are currently sitting in their -- which the judge tells me is a legal."

" Federal law requires GM to fulfill the obligations under the warranty and these these guns and ahead -- contracts can't change that no court would enforce them and they have to close immediately."

" If it was learning was in --"

" Even printed on how many how many cars does your family have on the lot at what we have 2000004000005. Point four and a half Ford. Two million dollars in product and you can't solemn as of Friday -- and don't sign the agreement."

" And -- Also a gag order in the agreement a gag order that says you cannot speak to anybody other than your employees unless you -- GM's Canadian is."

" Fascism. I'm sorry to save America -- I'm wrong well yeah absolutely."

" Right but -- here's -- thing we were told it was going to happen. We were told that there was going to be redistribution of wealth and that's all we. When you see secured lender -- 29 cents on the dollar and in the union and non secure Linda get 43 cents plus 55% of the company. That's -- redistribution of wealth that was promised."

" Help me out. I'm trying to I was trying to think Devoe way to be able to explains that you'll be able to help -- I would like going to aren't quite the you have those if at this the way our economy works is the way and let let's say General Motors works -- But they -- they have -- you have the bondholders in the first in line right that's really the engine of America's secured bond -- bundled that money's coming from all over the world right this is the engine of any big company the law puts them first in line correct okay. Then you have -- stockholders are next emerges for preferred shareholders unsecured bond hold OK good and then you have thoughtful audience right okay. What what we've done here if I'm not mistaken is. These people. These people are gone they're they're outright and these people been put here actually hit -- and another turning that the united. You -- in the billions there didn't put in front of this -- workers who put the front. Yes -- is there you go now let me ask you this America how long is that trained in Iran. Well how best to win the Mets have a company in trouble. There's going to be able to go -- get a raise money for secure bar lenders nobody and -- what if they do is going to cost them a lot more than simply an Olympic if they don't change this rule. No one. He's going to put their money here do."

" How -- you know how long that guy's been in first place in American history hundred you're bound for bondholders come first and since the beginning of the country since we started have a stock exchange in commercial transactions. And with no action of the congress no action of the state -- legislature in Delaware where GM and Chrysler incorporated a single federal judge bullied by the White House has changed 230 years of law."

" An economic -- RON that we knew we were getting ourselves into this that and President Obama said this is what he was going in but I don't think he said yes he did was going to be an assault on private enterprise I guess he did you that this is what he's Arnold unpatriotic thing -- group. -- count profit is."

" He is a guy. Who -- his whole life is riddled with marxists. He is eight progressive. And this is what progressive to. This is what they did in world war until they kept this in the depression for ten years and nobody wants to listen to it nobody everybody wants to -- in their their their pie in the sky world where -- We can't -- He's telling us this and there's much more worse to come by in intense."

" minutes we're going to do break with these guys who are. Experts on the progressive movement the bottom line if you want to know what that the future is. Look to the past I'll show it to you -- when I think the president really has go listen to his money wants to redress what he considers wrongs of yesteryear. And again like Francis the wages of paid Sarsgaard who really you would have been really afraid of because you know bail -- companies -- he took part money the most money CEO to make this 400000 if they want to make that the policy across the board when it what does that mean because we have this -- have -- the average person in the CEO instead of doing it where we bring this up which is should be the -- the president. We want to bring this down right to go through but what is it what does it mean that across the board anybody who -- coordinate it and take TARP money you'll go any company this company if if I'm running a major corporation I have to worry that within a year or so the government's going to dictate how much I make this is."

" The interstate commerce clause in the constitution they'll argue. If the salary of the CEO adversely affect interstate commerce they can regulated there's no such opinion in the history of the country that supports that but that's what they'll -- Ellison."

" America. When leave I believe it was the show that we we got a that's a big thing candidates have no idea that I see her tiny I don't know if you. They got to do something you know for regular people. And so anyway what we got this I said on that show. Nobody's going to -- this nobody is going to buy this so you watch they're going to make all kinds of incentives and you're going to be on the hook for even more guess what just was passed in the house. Cash for clunkers. We're now giving -- tax breaks for people to go out and buys a new."

" God to your point though if it doesn't work this is what's really going to happen if we decide that we don't want to buy eighty bitty cars that we haven't bought the last twenty years they're going to raise gasoline prices on only stay -- by the way just so you know America that's for. Billion dollars today. Forty billion dollars cannot compete with the government they'll put forward out of business but giving you a tax credit they tried every one of these little tiny cars that you by the tax credits will be resistant."

" But it's not it's also not a great deal if you wanted to dealerships in GM that's been spared because guess what they're not going to have contracts anymore they're going to have ultimatums. They're not going to have contracts to suddenly if one day they don't measure up with their profitability. The companies didn't say you are done so it's almost crashing about whether or not instilling the want to be dealing."

" OK so America let me just -- a couple things. Do you want to be in business for yourself in this kind of the situation. Do you want to invest in this kind of -- situation. Do you do you trust that anything is going to be stable. Do you do you trust that anyone will buy bonds in our country the -- that we have always had going forces people knew we were stable country. We will you can count on America to be stable you can count on us innovating you can count on people being entrepreneur orders. But if they're going to limit your salary if they're going to take your ninth year. Of the -- away and just two bit. And you can't count on the law anymore we'll look at. What future do we have. Well I'll I'll show -- the future. Because treasury bonds. Buying a bond T bill is like buying stock in the United States of America what we're selling more on this week we have a long time. Let me ask -- Who is going to who's going to put their money and all rocket bound for thirty years. You believe in America thirty years with this kind of stuff happening. The answer to that question will predict our --"