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Detailed text transcripts for TV channel - FOXNEWS - 20120216:12:26:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120216:12:26:00

This job goes to the inmates? >> that's correct. >> when did you find out that this contract that you have had since 1997, it sounds like it's going away and the federal government is going to award it to federal prisoners who make, what, $0.23 an hour? >> that's absolutely right. we've been instructed that the federal prison industry intends to take the product away and have it made in a federal prison. >> now, michael, is this -- is this in response to the cutbacks at the pentagon, at the department of defense? is that what they're saying to you? >> no, this has nothing to do with cutbacks. ...

Detailed text transcripts for TV channel - FOXNEWS - 20120216:12:28:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20120216:12:28:00

Right now, when the federal prison industries compete with the private business like yourself, they're going to always be able to produce it for a lot less if they're paying $0.23 an hour. >> that's exactly right. but i would add that they get paid comparable prices to what we get paid so the taxpayer doesn't get a particular benefit there either. >> very quickly, can you explain that? how is it they can pay $0.23 an hour and you'll have to pay at least minimum wage but the taxpayers are still going to pay the same amount of money? >> that's fact -- that's a factual piece of information. no on...