so yesterday we talked about GM cutting
15,000 jobs in the wake of a seven-year
stock buyback frenzy this job cutting is
supposedly going to save them 6 billion
dollars a year
supposedly they over the past 7 years
have bought back of 14 billion dollars
worth of stock they have just been on
the receiving end of hundreds of
millions of dollars of tax breaks
annually and they of course also
continue to have incredibly massive CEO
salaries all this just seven eight years
shortly after the US government bailed
them out saved all of the executive jobs
as well as other jobs and Fox News is
starting to get a little bit worried
here’s Brian Kilmeade with Peter Morey
ichi am i saying his name right and he
is he is starting to worry for
capitalism because it’s it’s showing a
little too much flesh i think it’s
probably the way to put this got a huge
corporate tax cut didn’t they and wasn’t
the thought was that the american
industry would start bringing industry
home because our corporate tax rate was
now competitive absolutely there’s no
reason why we shouldn’t be selling cars
in China that are made here now the
president has to open up the Chinese
market and you know I guess that’s the
next stage but abandoning the American
she says that Americans aren’t buying
sedans do you see Toyota getting out of
the sedan business they make money on
sedans they know how to make sedans well
the problem of MS Berra is she has a
company that doesn’t make competitive
sedan wait where’s the part doesn’t he
go on to say
um oh here it is okay sorry I got
confused and so there is Fox News saying
you know maligning the company but
here’s the real issue this is on Charles
Payne and shannon bream here he is
Fox News is getting a little bit
concerned here let’s we have this is
clip number four he’s broke when you
were sitting here yesterday and all we
really had was the headline I think as
the day went on the news sunk in and
this news is it’s not good for these
it’s not good last quarter the company
did thirty five billion dollars in three
months 77% came from North American
customers eighty seven percent of
operating income came from North
American business so yeah you can build
out factories all over the world but the
Americans are keeping you in business
and you kick them to the curb at the
first sign it’s really the president’s
not happy he’s shooting back at Mary but
but the president told us that the tax
cuts were gonna make this all magically
be no problem the GM wasn’t going to
outsource their thing because of the the
the taxes are coming home it’s gonna be
magically no problem I guess it’s just
going we could do in the opposite I
meant the opposite
Mary Barra who by the way happened to be
at the White House is straight for a
pre-scheduled meeting with Larry Kudlow
we don’t really know it was discussed
there but the president’s fired back
saying that they should make a better
car that that he was very tough on GM’s
borrow over these plant closure
happening no he shouldn’t be happy of
course I don’t think any American
president would be happy about this and
again it’s not like they’re in dire
straits now they’re trying to get ahead
of things they want a big fat cash flow
but this is why I think capitalism in of
itself is in a lot of trouble in this
country because you know these companies
keep posting record earnings and to keep
firing people they keep posting record
earnings and they keep buying back
billions of dollars of their own stock
the American public is going to get hip
to this and my fear is that they’re
going to end up electing not a
democratic socialist just a straight-up
socialist because of the
kind of shenanigans that’s coming a long
time number two from your mouth to God’s
ears money you know how would have
talked about waterways right exactly
right on her segments chuckles did wrong
walk away I would love to see Dave Rubin
Dave Rubin a react to this clip oh well
I mean well I enjoy competitions a big
deal sometimes the government there’s
competition and competition would start
kicking in competition I think what he’s
really saying is that when government
interferes that paves road to socialism
no I think like when when Dave Rubin is
like struck with something like that
first of all he would be lately over not
do that analysis no but he would say
like look everybody has they can do what
they want this is what a free country is
about and then he would just ask the
moving onto topic to I will say this I
think you know based upon the other day
I was listening last night I think it
was maybe I don’t know I was listening
to Mark Levin who is now taken to
calling Bernie Sanders a communist
because and I think that that’s true
that that notion there like we’re not
gonna vote for a Democratic Socialist
we’re gonna vote for a socialist
socialist I think and and good for that
dude for just having the wherewithal to
realize like hey there’s a problem here
and I think like you’d have to be really
really oblivious not to notice it that
they’re gonna have to start they’re
gonna have to come up with another word
to demonize the and I don’t think
communist is gonna work either frankly
because they’ve been trying like sjw’s
but they need something specifically
economic but that that doesn’t hide that
by the way like communist what are you
talking about fashion it’s retro retro
school it’s it’s all like it’s it’s it’s
the equivalent of like saying that
Chicago politics but also a pretty big
stigma around the word communist but
less and less I would say
definitely a stigma around the word
communist but the the vast majority of
people who react to it as if it’s like
saying a boogeyman are already going to
vote for the the right-wing in Canada
dis is with two quick point I mean this
was exactly what happened with de Blasio
who by the way is an insult to the
Sandinistas but they remember when he
was first running for mayor they were
like bill de blasio hung out with the
Sandinistas for a week in the 80s and it
was like over 90% of New Yorkers were
like the Sun the one you mean like he
was in on a clash recording that’s cool
not even that like right a handful of
people who read the New York Post like
he’s a communist because they’re already
like brain-dead Upper East Side lunatics
and we’re gonna vote for me and then
people like me were like it’s nothing
that’s what Obama did for me when
Reverend Wright came out I was like hey
it’s like the sector of conservative
publishing that’s trying to really
really hard to make the anti-semite
Ilhan Omar stick right based on just BDS
support and that’s very dynamic
and I also think like I would love to
see an actual president would
immediately nationalize the GM plants
and let’s get it into the court system
and see how that works out because
that’s how you would save those jobs you
don’t want to do this government’s
taking it over these are public
cooperatives now jobs stay we make
energy efficient cars we support the
economy screw GM and not either fake
totalitarian hectoring like Trump or
like training people for the jobs of the
future whatever the Third Way scam no it
seemed that the right is a whole lot
more optimistic about the chances of
communism in our lifetime than the left
so maybe we should cheer up a little bit
well the very least you know that would
be a good clip to show you know people
in Schumer and Pelosi is calm staff like
you’re so neurotic about a systemic
critique of capitalism when you get
asked the question from a young person
on CNN meanwhile Charles Payne is saying
this on Fox
BREAKING: The crowd at today’s hearing just erupted into laughter as a witness humiliated Republican Matt Gaetz in brilliant fashion.
President Trump lashed out at his longtime lawyer, Michael D. Cohen, on Saturday, suggesting that there could be legal consequences for Mr. Cohen’s decision to record a discussion
.. “Inconceivable that the government would break into a lawyer’s office (early in the morning) — almost unheard of,” Mr. Trump wrote on Twitter. “Even more inconceivable that a lawyer would tape a client — totally unheard of & perhaps illegal. The good news is that your favorite President did nothing wrong!”
.. advisers say has become more unwilling than ever to listen to advice
.. Mr. Trump signaled open warfare on Mr. Cohen, a longtime fixer he had until now tried to keep by his side.
.. While the president suggested on Saturday that Mr. Cohen’s recording may have been illegal, New York law allows one party to a conversation to tape it without the other knowing.
.. Mr. Trump himself also has a history of recording phone calls and conversations.
.. A person familiar with the discussions said that once The Times approached Mr. Giuliani, the president’s legal team chose not to assert attorney-client privilege over the recording.
.. John R. Bolton, the national security adviser, mostly stayed away from Mr. Trump.
Mr. Bolton wrote down four bullet points aboard Air Force One that he believed were relevant, including that Mr. Trump should acknowledge that he believed the intelligence agencies’ findings on the Russian meddling. He relayed them to the press secretary, Sarah Huckabee Sanders
.. Trump has surveyed almost everyone he has talked to about his performance in Finland, but few told him just how poorly it had gone. Aides suggested different options for “changing the narrative,” without seeming to realize that a simple story would not suffice.
.. Mr. Trump ultimately came up with his own solution: He would say he had left out a word in the news conference with Mr. Putin
.. Ivanka looked for ways to push the narrative away from Russia.
.. She said her worker retraining announcement with her father later in the afternoon at the White House could provide a pivot toward a new story.
.. Kellyanne Conway, pointed out that Dan Coats, the director of national intelligence, and two other administration intelligence officials would appear at a national security conference in Aspen
.. Privately, Mr. Trump’s advisers have suggested that Mr. Cohen had done things that Mr. Trump was unaware of. The recording makes that harder to accept.
On his way to the New Jersey golf club, the president ignored several questions from reporters about why his campaign would have denied knowledge of the payments if he was on tape discussing them with Mr. Cohen.
It’s just become trickier for President Trump to fire Robert Muelleranytime soon. Doing so during the Supreme Court confirmation process for Brett Kavanaugh — which is likely to last for at least two months — would create a set of problems for Trump that didn’t exist before.
One, Trump clearly loves making Supreme Court nominations. They allow him to look presidential and to be bathed in praise by other Republicans. If he were to fire Mueller — the special counsel investigating Russian interference in the election — anytime in the coming weeks, the confirmation process would immediately lose its normalcy. It would be dominated by discussion of Mueller’s Russia investigation, which Trump loathes and makes him look like the opposite of a normal president.
Two, firing Mueller could damage the Republicans’ chances of holding Congress in this year’s midterms.
.. the Supreme Court nomination has some real political advantages for Republicans. It unifies their base voters and reminds them of reasons to turn out. And it turns the discussion away from Trump, who remains unpopular.
.. Finally, firing Mueller could damage Kavanaugh’s chances of confirmation. As I’ve written before, I would be very surprised if any Senate Republicans defected. But their margin for error is virtually zero. Losing a single senator could defeat the nomination. And the circus that would accompany the firing of Mueller could certainly imperil one vote.
CARLSON: So, 51,000 people retweeted that. So a lot of people thought that was plausible, they believe you, you’re the President — you’re in charge of the agencies. Every intelligence agency reports to you. Why not immediately go to them and gather evidence to support that?
TRUMP: Because I don’t want to do anything that’s going to violate any strength of an agency. We have enough problems.
And by the way, with the CIA, I just want people to know, the CIA was hacked, and a lot of things taken — that was during the Obama years. That was not during us. That was during the Obama situation. Mike Pompeo is there now doing a fantastic job.
.. I don’t honestly understand how or why pushing for that investigation would “violate any strength of an agency.”
It doesn’t. The one and only think Trump does well is turn a conversation into spaghetti so that by the time you get to the end of an answer, you’re not even sure what the question was.
.. if you watched the Bret Baier and what he was saying and what he was talking about and how he mentioned the word wiretap, you would feel very confident that you could mention the name.
.. So: Bret Baier mentioned the word “wiretap.” That gave Trump the confidence that he could tweet that he was wire-tapped by the former president.
.. You had great press all week, bipartisan, and then you let off this tweet, and immediately, people say —
TRUMP: No, it wasn’t that tweet. They had other things —
CARLSON: You can’t back up what you say.
TRUMP: Excuse me. I had a very successful night. Joint session, it was very successful. I got reviews even from people that I would never think I was going to get good reviews. I got great reviews.
.. I have my own form of media.
.. I mean, let’s see whether or not I prove it. I just don’t choose to do it right now. I choose to do it before the committee, and maybe I’ll do it before the committee. Maybe I’ll do it before I see the result of the committee. But I think we have some very good stuff.
.. if they’re not going to do me the honor and the public the honor of spreading my word accurately as it was meant
.. No matter what you do, no matter how good — no matter how great it is, they don’t report it in a positive fashion.
,, I probably wouldn’t be here — I’m not talking about Twitter, because it’s really Twitter, Facebook, and lots of other things, OK. But I might not be here talking to you right now as President if I didn’t have an honest way of getting the word out.
But it also reflected a cold view of the incentives the new administration would face: as working-class voters began to realize that candidate Trump’s promises about jobs and health care were insincere, foreign distractions would look increasingly attractive.
.. But the war with China will, it seems, have to wait. First comes Australia. And Mexico. And Iran. And the European Union. (But never Russia.)
.. There was also a curious contrast between the response to Iran and the response to another, more serious provocation: Russia’s escalation of its proxy war in Ukraine. Senator John McCain called on the president to help Ukraine. Strangely, however, the White House said nothing at all about Russia’s actions until Nikki Haley, the United Nations ambassador, issued a condemnation late Thursday night to the Security Council. This is getting a bit obvious, isn’t it?
.. Peter Navarro, head of Mr. Trump’s new National Trade Council, accused Germany of exploiting the United States with an undervalued currency. There’s an interesting economics discussion to be had here, but government officials aren’t supposed to make that sort of accusation unless they’re prepared to fight a trade war. Are they?
.. No, what we’re hearing sounds like a man who is out of his depth and out of control, who can’t even pretend to master his feelings of personal insecurity. His first two weeks in office have been utter chaos, and things just keep getting worse — perhaps because he responds to each debacle with a desperate attempt to change the subject that only leads to a fresh debacle.
President Donald Trump and members of his new administration including press secretary Sean Spicer tangled with the news media in the first days following the inauguration, which may foreshadow an extension of a combative relationship. WSJ’s Shelby Holliday reports. Photo: Associated Press
(Sean Spicer didn’t walk back his comments, but changed his argument to talk about total viewership.)