« Fox & Friends

'Shocking' to see politicians letting small businesses fail: Payne

2020-12-18 | 🔗
"Making Money" host Charles Payne discusses the negotiations over the $900 billion coronavirus aid package.
This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
Brian Brian stocks rallied to Brian Brian stocks rallied to record highs, race, Covid, 19 aid package for individuals and businesses here to react is the host of making money the same guy. We know as Charles Payne on Fox business. Charles welcome back Charles welcome back. Thank you great to be back nine hundred dollars billion in principle, no liability insurance and no direct money to the states. Whats the hold up so many chefs in the kitchen right now and I think thats the biggest thing you know, and its really sad Brian, because here we are now just days before Christmas, we had a one dollar and eighty cents trillion offer on the table. President Trump said he would make sure it got through. On the republican side. It was turned down for political reasons, and now they are going to this usual charade, politics as usual.
He always believe when its all said and done, we will get the deal that we probably would have gotten two or three months ago, something in a one dollar and fifty cents trillion neighborhood, where almost everybody gets everything that they want and then they will. You know reload for the next battle. Brian, you know its kind of interesting Pat Toomey is trying to restrain wild spending. If Joe Biden becomes president on January 20th, he said the coronavirus aid proposal blocked by the Senate Democrats in September, would have aaffirmatively prevent the FED from any further lending past early January for the facilities funded by the Cares act. He is worried. Joe Biden becomes president. This aid package is going to be off the charts, JANET Yellen Treasury secretary, and they think Powell is going to write huge checks. Well, you know: listen when Steven Mnuchin says we need to take back this money. He made a couple of great point. First of all, there wasnt a real demand for it. Secondly, we were using it to
buy things like apple bonds. You know Applebees back around thirty dollars million of its own stock every single day. So why would the american taxpayer have to buy bonds, apples bonds? Obviously they want these pots around, but I think you bring up a great point and obviously the senator does too. The federal reserve is going to be an amazing tool under Biden Administration to flood the zone with money. There is a speech today that no one is going to pay attention to. I will I will listen to it. Perhaps over the reeked braynard keep that name in mind. She will be in charge of the Federal Reserve. Today she is giving a speech on climate change, the economy and climate change. She gave the same exact speech etch on November 8th two thousand, and nineteen pay attention. Folks, right now the FED apparently supposedly has two mandates. They have more mandates and things like climate change, which there is no real barometer for, will be able to guide their decision making. That means more money, printing. That means low rates forever,
and that means you can fund a lot of things from the green new deal to paying off student debt. Brian Solyndra revisited, and if you want to advocate the throne energy producers, behemoth of it thats what you do small businesses going under by the day, because these politicians feeling thats the only safe way to do things when guys, like Dave, Portnoy and other people with GO fund me pages- are the ones standing up these businesses and keeping them alive. This thats pathetic that the average American has got to help out average Americans, because these politicians are cutting us off at the knees yeah. We are getting back to our roots right, helping one another Brian. I had a guest on my show yesterday, who runs a New York, comedy club, a small comedy club in the middle of it. He had this sort of epiphany. He said im a progressive. Essentially, he said I hate Fox. I hate Fox business. I dont know why im on here other than you are the only people who are reaching out and trying to help me. He was dumb founded by that
the circumstance, and he was on the air asking me what he could do, because he is desperate not to be put out of business by Bill De Blasio and so yeah. You know what its one person helping another person forgetting about ideology for the moment, but its so shocking that we are watching elected officials, whether they are mayors like a bill de Blasio or congressional leaders, allow the small business fabric you always talk about. They always talk about the fabric of society. They are the fabric of our economy, they are where dreams are made and to allow them to be crushed absolutely crushed. For political reasons is so heart breaking and its so hard to believe we are watching it and allowing it Brian they could have separated those people. I know some people, they were all set, they showed them and they were afraid of come forward in the comedy business. They think there is going to be retribution from this vindictive mayor and governor if they go forward. I give that comedy club owner tremendous credit, real quick. You have a town
hall, its hard to think about two thousand and twenty one, but its come up on January first as a virtual town hall. Obviously I want them to watch it, but I want them to understand that capitalism, american style capitalism. He is under assault. We know its not perfect, because there is no perfect system, because human beings arent perfect, but there is a real assault and its not just the green new deal. You know a so called moderate Joe Biden. Presidential administration would dismantle a lot of things that made America the best most amazing country ever to grace the face of the earth all in the name of social distancing redistribution. I want to focus on those things. I also want to champion to celebrate the success main street success, because even in the midst of all of this, we are seeing people opening up business. We are seeing people try to your point. You made earlier sort of a quasicelebration on capitalism. How do we keep it together, knowing its under assault and there will be changes made?
Brian also viewers can message Fox business on Facebook or Instagram or email questions to invest in you at Fox business to the come. So you want some of those messages you are going to use them in the show right, absolutely particularly the videos. Every time we have done these town halls, the ratings have gone higher and higher people have participated. I have got to tell you. I have been touched every single time. I love when everyone engages. There is a lot of smart people who see and read between the lines they dont just read the newspapers and watch TV. They know more about the details of whats going on. They are more alarmed than you think they are. I cant wait to hear the questions and commentary Brian. The market used to be the thing that decided whether you are a success or failure, now its government, its pathetic making money with Charles Payne at 200 on fox business. Charles. I look forward to seeing you if you are going to wear the same outfit at 200 as you were this. No, please dont give it away.
Transcript generated on 2020-12-18.