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Public Statements

CNBC "Kudlow & Company" - Transcript

Interview

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MR. KUDLOW: Congressman King, again, thank you. Why hasn't he resigned? Why hasn't Spitzer resigned?

REP. KING: All I can think of it's going to happen probably within several hours, probably negotiations with the Justice Department that his lawyers are carrying out. Because I don't see how he stays on. And I say that, Larry, as one -- I've been in politics 30 years. I don't think I've ever commented on anyone's personal morality before, but this has gone to a higher level. You're talking about a prostitution ring. You're talking about possibilities of organized crime. You're talking about total hypocrisy in someone who has been the most self-righteous and unforgiving person I've ever known in public life.

MR. KUDLOW: Peter, is it possible the resignation statement is part of a plea bargaining process? Is he already behind the scenes plea bargaining with the prosecutors?

REP. KING: I would certainly expect that to be the case. I mean, he's named in a criminal complaint, or his "number nine" which is supposedly Governor Spitzer is in a criminal complaint. These are very, very serious charges. I would think that if he has any sense at all, and he is a former prosecutor, former attorney general, that, yes, there are plea negotiations going on right now between his lawyers and the U.S. Attorneys Office.

MR. KUDLOW: And a couple of others here. Look, do we have any idea how long this was going on, how long he was involved with these high-priced call girls? There's some financial evidence I'll get to in a minute, that he's got account balances and so forth. Maybe was he doing this while he was attorney general before he was elected to the governorship in 2006?

REP. KING: Larry, I don't know, but he's only been governor for a year. And certainly, from what I've read, you know, the extracts from the complaint where it details some of his conversations, it certainly indicates that it's been going on for a while. But you know, I don't know that. All I know is that he did have accounts with this ring. When he was attorney general, he vigorously prosecuted prostitution rings.

This is not a victimless crime. This isn't a person having a personal affair. We're not talking about a one-on-one situation. We're talking about dealing with a criminal enterprise here. And for a former attorney general, such a high-powered attorney general, and the governor of the state of New York, to leave himself in that vulnerable position where it compromises not just him but the entire state is really unforgivable. He has to leave.

And by the way, I'm saying this as a conservative Republican. I think Lieutenant Governor David Patterson is one of the most decent and honorable people I've ever met in politics. So he'll be a welcome relief from Eliot Spitzer.

MR. KUDLOW: Yeah, Mr. Patterson -- we'll get to that in a moment.


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