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Detailed text transcripts for TV channel - MSNBC - 20120114:11:19:00

more sensible place. president obama while he was announcing not only does he want to take noaa out of commerce department, and put it somewhere more normal, like the interior department, which is sort of in charge of our country s physical plant. not only does he want to move noaa somewhere that makes more sense, maybe he wants to get rid of the commerce department altogether. he wants to take six departments or agencies that deal with business or trade, the commerce department, small business administration, u.s. trade representatives office, export-import bank, overseas private investment corporation, trade and development agency, he wants to take all these agencies that have overlapping responsibilities for different parts of business and trade, wants to take all of these six agencies and consolidate them. the white house says that consolidation would not only simplify and streamline government would save $3 billion and cut 1,000 jobs off of the federal payroll over a period of t

Detailed text transcripts for TV channel - MSNBC - 20120113:16:21:00

those agencies, the commerce department s core business and trade functions, the small business administration, the office of u.s. trade representative, the export-import bank, the overseas private investment corporation and the trade and development agency. the goal, the big goal, would be one agency, one agency designed to help businesses thrive. the administration estimates as a result, 1,000 to 2,000 jobs would be cut, but that would be through attrition. there would be a savings of $3 billion over the course of ten years by eliminating due ining overhead costs. joining me now, richard wolffe and wendy schiller. thanks to both of you for being here. i want to give you the heads up if the president does come out, we re going to jump out of our conversation and get to him right away. so, wendy, let me start with you. senior administration officials say this idea is not just to make the government small, but better, better by saving time, eliminating bureaucratic nightmares. in your e

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