openpolitics.com

Transcript

00:00
[Music]
00:04
so yesterday we talked about GM cutting
00:11
15,000 jobs in the wake of a seven-year
00:19
stock buyback frenzy this job cutting is
00:23
supposedly going to save them 6 billion
00:26
dollars a year
00:27
supposedly they over the past 7 years
00:30
have bought back of 14 billion dollars
00:33
worth of stock they have just been on
00:36
the receiving end of hundreds of
00:38
millions of dollars of tax breaks
00:40
annually and they of course also
00:45
continue to have incredibly massive CEO
00:50
salaries all this just seven eight years
00:56
shortly after the US government bailed
01:00
them out saved all of the executive jobs
01:04
as well as other jobs and Fox News is
01:11
starting to get a little bit worried
01:14
here’s Brian Kilmeade with Peter Morey
01:17
ichi am i saying his name right and he
01:21
is he is starting to worry for
01:23
capitalism because it’s it’s showing a
01:27
little too much flesh i think it’s
01:29
probably the way to put this got a huge
01:32
corporate tax cut didn’t they and wasn’t
01:34
the thought was that the american
01:36
industry would start bringing industry
01:39
home because our corporate tax rate was
01:41
now competitive absolutely there’s no
01:44
reason why we shouldn’t be selling cars
01:46
in China that are made here now the
01:48
president has to open up the Chinese
01:50
market and you know I guess that’s the
01:52
next stage but abandoning the American
01:54
worker
01:55
she says that Americans aren’t buying
01:57
sedans do you see Toyota getting out of
01:59
the sedan business they make money on
02:01
sedans they know how to make sedans well
02:03
the problem of MS Berra is she has a
02:06
company that doesn’t make competitive
02:08
sedan wait where’s the part doesn’t he
02:12
go on to say
02:13
um oh here it is okay sorry I got
02:18
confused and so there is Fox News saying
02:23
you know maligning the company but
02:25
here’s the real issue this is on Charles
02:28
Payne and shannon bream here he is
02:32
Fox News is getting a little bit
02:35
concerned here let’s we have this is
02:37
clip number four he’s broke when you
02:41
were sitting here yesterday and all we
02:42
really had was the headline I think as
02:44
the day went on the news sunk in and
02:46
this news is it’s not good for these
02:49
it’s not good last quarter the company
02:53
did thirty five billion dollars in three
02:54
months 77% came from North American
02:57
customers eighty seven percent of
02:59
operating income came from North
03:01
American business so yeah you can build
03:03
out factories all over the world but the
03:05
Americans are keeping you in business
03:07
and you kick them to the curb at the
03:09
first sign it’s really the president’s
03:11
not happy he’s shooting back at Mary but
03:15
but the president told us that the tax
03:17
cuts were gonna make this all magically
03:19
be no problem the GM wasn’t going to
03:22
outsource their thing because of the the
03:25
the taxes are coming home it’s gonna be
03:27
magically no problem I guess it’s just
03:29
going we could do in the opposite I
03:32
meant the opposite
03:35
Mary Barra who by the way happened to be
03:37
at the White House is straight for a
03:39
pre-scheduled meeting with Larry Kudlow
03:41
we don’t really know it was discussed
03:42
there but the president’s fired back
03:44
saying that they should make a better
03:46
car that that he was very tough on GM’s
03:50
borrow over these plant closure
03:52
happening no he shouldn’t be happy of
03:54
course I don’t think any American
03:56
president would be happy about this and
03:58
again it’s not like they’re in dire
03:59
straits now they’re trying to get ahead
04:01
of things they want a big fat cash flow
04:03
but this is why I think capitalism in of
04:05
itself is in a lot of trouble in this
04:07
country because you know these companies
04:09
keep posting record earnings and to keep
04:12
firing people they keep posting record
04:14
earnings and they keep buying back
04:15
billions of dollars of their own stock
04:16
the American public is going to get hip
04:19
to this and my fear is that they’re
04:21
going to end up electing not a
04:23
democratic socialist just a straight-up
04:25
socialist because of the
04:27
kind of shenanigans that’s coming a long
04:29
time number two from your mouth to God’s
04:35
ears money you know how would have
04:37
talked about waterways right exactly
04:39
right on her segments chuckles did wrong
04:42
walk away I would love to see Dave Rubin
04:44
Dave Rubin a react to this clip oh well
04:49
I mean well I enjoy competitions a big
04:51
deal sometimes the government there’s
04:54
competition and competition would start
04:56
kicking in competition I think what he’s
04:57
really saying is that when government
04:59
interferes that paves road to socialism
05:01
no I think like when when Dave Rubin is
05:03
like struck with something like that
05:04
first of all he would be lately over not
05:08
do that analysis no but he would say
05:12
like look everybody has they can do what
05:15
they want this is what a free country is
05:16
about and then he would just ask the
05:20
moving onto topic to I will say this I
05:24
think you know based upon the other day
05:27
I was listening last night I think it
05:29
was maybe I don’t know I was listening
05:30
to Mark Levin who is now taken to
05:34
calling Bernie Sanders a communist
05:36
because and I think that that’s true
05:39
that that notion there like we’re not
05:41
gonna vote for a Democratic Socialist
05:43
we’re gonna vote for a socialist
05:45
socialist I think and and good for that
05:50
dude for just having the wherewithal to
05:52
realize like hey there’s a problem here
05:53
and I think like you’d have to be really
05:55
really oblivious not to notice it that
06:00
they’re gonna have to start they’re
06:02
gonna have to come up with another word
06:06
to demonize the and I don’t think
06:11
communist is gonna work either frankly
06:13
because they’ve been trying like sjw’s
06:15
but they need something specifically
06:17
economic but that that doesn’t hide that
06:19
by the way like communist what are you
06:25
talking about fashion it’s retro retro
06:29
school it’s it’s all like it’s it’s it’s
06:32
the equivalent of like saying that
06:33
Chicago politics but also a pretty big
06:37
stigma around the word communist but
06:38
less and less I would say
06:40
definitely a stigma around the word
06:42
communist but the the vast majority of
06:45
people who react to it as if it’s like
06:47
saying a boogeyman are already going to
06:52
vote for the the right-wing in Canada
06:56
dis is with two quick point I mean this
06:58
was exactly what happened with de Blasio
07:00
who by the way is an insult to the
07:02
Sandinistas but they remember when he
07:04
was first running for mayor they were
07:05
like bill de blasio hung out with the
07:07
Sandinistas for a week in the 80s and it
07:10
was like over 90% of New Yorkers were
07:12
like the Sun the one you mean like he
07:14
was in on a clash recording that’s cool
07:16
not even that like right a handful of
07:17
people who read the New York Post like
07:19
he’s a communist because they’re already
07:20
like brain-dead Upper East Side lunatics
07:23
and we’re gonna vote for me and then
07:24
people like me were like it’s nothing
07:31
that’s what Obama did for me when
07:33
Reverend Wright came out I was like hey
07:38
it’s like the sector of conservative
07:41
publishing that’s trying to really
07:42
really hard to make the anti-semite
07:45
Ilhan Omar stick right based on just BDS
07:47
support and that’s very dynamic
07:50
and I also think like I would love to
07:53
see an actual president would
07:57
immediately nationalize the GM plants
07:59
and let’s get it into the court system
08:00
and see how that works out because
08:02
that’s how you would save those jobs you
08:04
don’t want to do this government’s
08:06
taking it over these are public
08:07
cooperatives now jobs stay we make
08:10
energy efficient cars we support the
08:12
economy screw GM and not either fake
08:15
totalitarian hectoring like Trump or
08:17
like training people for the jobs of the
08:19
future whatever the Third Way scam no it
08:21
seemed that the right is a whole lot
08:23
more optimistic about the chances of
08:25
communism in our lifetime than the left
08:27
so maybe we should cheer up a little bit
08:30
well the very least you know that would
08:31
be a good clip to show you know people
08:33
in Schumer and Pelosi is calm staff like
08:36
you’re so neurotic about a systemic
08:38
critique of capitalism when you get
08:41
asked the question from a young person
08:43
on CNN meanwhile Charles Payne is saying
08:46
this on Fox