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Foxnews Off Scripts: Anti-Corporate General Motors


Transcript

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