Ex-Treasury Official: Profitable Companies Should Pay People More

Wednesday, 23 Apr 2014 09:00 PM

By Greg Richter

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
A former Treasury Department official under presidents Bill Clinton and Barack Obama takes issue with the argument that socialism doesn't always work, and said profitable companies would benefit by paying their employees more money.

Appearing Wednesday on Fox News Channel's "The O'Reilly Factor," ex-Treasury senior adviser Susan Ochs took part in a discussion with host Bill O'Reilly and Fox Business Network's Stuart Varney on the stagnant wages of U.S. workers.

Ochs, currently a senior fellow at the Aspen Institute, said people aren't being paid enough by companies making large profits, but O'Reilly and Varney blamed tax policy and lack of domestic competition.

When O'Reilly told Ochs that the employees of his show are paid well, she responded, "Well, your cool and awesome employees here are pretty special."

"No, no. It's because we're making money here," O'Reilly said. "We want to keep them. If they go to CNN, CNN might improve. So it's a competitive situation here."

Obama has reversed the system people once used to achieve the American dream, said Varney, who left England for the United States 40 years ago.

"I'm a refugee from socialism. I'm an English immigrant to America," Varney said. "Socialism doesn't work."

"That's not socialism," Ochs said as the segment wrapped up.

Related Stories:

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Jane Fonda: I'll Be Mad If Murdoch Acquires Time Warner

Wednesday, 23 Jul 2014 22:01 PM

Jane Fonda says she'll be "so angry" at federal regulators if they approve an acquisition of Time Warner by Rupert Murdo . . .

Arizona Inmate Dies Hours after Execution Began; Brewer Calls for Probe

Wednesday, 23 Jul 2014 21:58 PM

A condemned Arizona inmate gasped and snorted for more than an hour and a half during his execution Wednesday before he  . . .

Computer Crash Causes Major Delays in US Passport and Visa Operations

Wednesday, 23 Jul 2014 21:56 PM

The State Department's global database for issuing travel documents has crashed, resulting in major delays for potential . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved