Get Adobe Flash Player to see this content.

About This Video

Census Controversy

Title:

Census Controversy

Published: Fri, 15 May 2009

Description: FBN's Rich Edson reports on controversy over President Obama's pick of Robert Groves to lead the Census Bureau because of concerns he will use statistical sampling.

-

Automatically Generated Transcript (may not be 100% accurate)

" the start counting Americans for the 2000 -- senses but there's some objection. To demand that President Obama has chosen to do that job Fox Business correspondent Richardson has more."

" It's a fifteen. Dollar project it affects trillions of dollars in spending. And it's almost time to start counting. The feds are preparing for the 30 census and the man the president wants to lead it is up for confirmation in the Senate this morning. City objection of many Republicans doctor Robert -- is the administration's pick. Growth supports a method called sampling and that's where officials combined actual counts with polling estimates to determine population. Supporters say the method accurately counts minorities and poor folks in urban areas that they say are historically undercounted. Those areas almost always vote for Democrats. Grosses indicated he will not use that sampling method when he does count to 30 census. Supreme Court has ruled only in actual count is constitutional. But still Republicans. Have concerns."

" Saying that your not planning on doing something and saying you will not do something are two very different things here in Washington DC. For average Americans it means about the same thing but here in Washington DC. There's oftentimes double speak in certain manipulation words."

" The next decade the 30 census will decide how to divvy up about three trillion dollars in grants. The numbers determine where governments build schools roads and community centers. Lawmakers will use the census to draw legislative districts affecting power in the US House of Representatives. And legislatures in every state. Private companies also use the information to decide where to build shopping malls housing tracts and other developments. That -- guys. -- and in life rich thank you."

More Videos From FOX Business
Where is the Best Value in the Markets Now?

Where is the Best Value in the Markets Now?

BGC Partners' David Buik on the best sectors for investors right now.

Video|Fri, 20 Nov 2009|More from FOX Business Morning
|procter & gamblefound at2:48

you're gonna get decent dividends. And in terms of through Europe the United Kingdom he just gotta be patient with a great big oil companies. Who pay for normal dividends you have to be patient as well -- local phone companies. Because they're cash generous here and that pay decent dividends we love the drug companies at the moment until such time. As we pay for -- as a result of the health care bill which I'm not saying socially. There's -- good thing from a business and its corporate America has received because of imminent hazard -- food fruit companies wouldn't -- cadres who croft. Palmolive. Colgate-Palmolive. -- for people like Procter & Gamble . I still like the touch that try to -- this week. But it's funny you know and the doctor what do 'cause
Goldman Investors Look for Fewer Bonuses

Goldman Investors Look for Fewer Bonuses

Capital Management Corp. CIO Tim Call on Goldman Sachs' shareholders calling for a decrease in bonuses.

Video|Fri, 20 Nov 2009|More from FOX Business Morning
|goldman sachsfound at0:04, 1:50

Talk about that Goldman stories your -- mentioned at the top bonuses under fire again at Goldman Sachs and this time. From the company shareholders according to The Wall Street Journal some of the biggest stakeholders and Goldman have now asked the firm. -- cut the size of its bonuses Goldman bringing in record profits and passing that on. Two employees according to the journal the average full time employee at Goldman earning 775000. Dollars this year in total compensation. Shareholders want that passed on. Today I -- to some extent but despite the record income earnings per share actually gonna be down. From a 2007. Because Goldman issued a hundred million shares in the past year in order to raise cash. Now the CEO of Goldman Sachs Lloyd Blankfein has been trying to deflect some criticism. Revolving around bonus situation his firm including his now infamous remark about doing God's work here recently as we know. They're very good mr. -- thought I was talking to call with us this morning from capital management group he is here for it's an audit. I think it's interesting I think it a lot of with a look at this 775000. Would succeed him. Excluding some of the part time workers and what have you is obviously a lot of money on average to be paying. Anybody and Goldman takes a lot of criticism for that and other things but. From a business perspective from their point of view is it
of share is they've taken a lot of rest by standing by Goldman Sachs and don't you also feel. That their claims are legitimate that they should get a bigger share of the pie because frankly they stood behind Goldman and -- Goldman Goldman . Attack perhaps wouldn't be as strong as it is it is. If the shareholders and stand behind it.
Economy Headed for a Jobless Recovery

Economy Headed for a Jobless Recovery

Cantor Fitzgerald Chief Global Strategist Stephen Pope on why the economy is facing a jobless recovery, not a double-dip recession.

Video|Thu, 19 Nov 2009|More from FOX Business Morning
|stephen popefound at0:10, 2:57

number three US housing starts -- to the stuffing out -- Wall Street yesterday just a little bit -- the question goes a key elements. But the US economy's recovery -- joining us this morning Stephen Pope chief global market strategist at Cantor Fitzgerald Stephen good morning to you. -- will -- the housing in the US just a minute but I understand you attended a private equity conference yesterday in Paris -- guest speaker and I was just reading that the subject when will we see the bottom of
cleanly and efficiently jobless recovery -- will be jobless recovery. All right Stephen Pope with Kenneth -- thank you so much of me just say.