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hampshire, right? that's where the massachusetts governor has a solid lead. so where he decided to spend most of the day was south carolina. >> i want to restore to the america the principles that have made us the power house morally, economically, and militarily in the entire world. >> romney, his pal john mishg mccain and nicky hayley were there. the primary is january 21st. the palmetto state has the highest concentration of he van gellic all voters in america. nearly half the population identifies themselves as evangelical. in iowa, 44% of evangelicals voted for rick santorum. bu...

Democratic congressman is the ranking democrat for house hearings being held tomorrow morning on legislation that would kush pay and put the rest of the work force on the same pay scale as federal employees. do you think that's a good idea? is it time to change the pay structure? >> no doubt about it. fannie and freddie executives have been underperforming as far as i'm concerned. we see them unable to control out of control attorneys. we seem them unable to seemingly help many, many people who are out of their houses. here we have some 6 million people facing foreclosure. 3 million that a lot...

Know the job. that makes sense. >> this is why rich is absolutely right. when government sucks up all the capital in the marketplace to pay for jobs where people aren't working, it doesn't allow the capital to go to a more productive use in the private sector. >> the private sector and capital couldn't be good for private sector. hold on, quinton. this is for steve. go ahead, steve. >> why is it that the only time the government gets efficient is when it hires bureaucrats? again, you don't grow an economy by growing bureaucracy. >> it's not efficient. >> david: quinton? >> it's not efficient. ...

Got a $67 million bonus when they had to be bailed out with billions of tax dollars and creating the system that nearly destroyed us. the whole system is fundamentally broken and we are living with that system and it is mere i will talk about reform. nothing more. >> the president said shareholders have not had any significant say in the pay structure for ceos. that is clearly a real problem. i'm not sure how this applies to this when the shareholders are on the too big to fail side, too. >> when the government had the opportunity to say we will not give you this money unless we get the struct...

Actually does. >> these execs and new execs will be coming in there have to deal with this. bill was just approved through the house that will put the executives on a federal pay scale. mike williams, ceo of fannie mae and the other person we heard from is charles holdegren, they have to defend themselves. they were outraged in 2008 when everything started to crater and fannie and freddie was about to fold. president of the united states bought them, we'll bail you out. we'll get rid of the management and put new guys in there. in that deal evidently was this package and this is coming to frui...