>> THIS IS THE ELECTION WHERE WE ARE FINALLY FOCUSING ON THE
CORROSIVE EFFECT ON BIG MONEY IN POLITICS, AND WE NOW HAVE ONE
MORE ISSUE WE CAN ADD TO THAT
LIST.
AND ONCE AGAIN, IT INVOLVES THE KOCH BROTHERS.
THIS
TIME THEY ARE COMING FOR YOUR
ELECTRIC CARS.
I SAY TO THE 1% OF YOU WHO HAVE ELECTRIC CARS.
>>--
>> BECAUSE MAYBE THEY HAVE NEVER BEEN IN A CAR IN THE PAST
CENTURY --
>> THIS IS NOT NECESSARILY A
SOURCE WHO LOVES ELECTRIC CARS,
BEING AS THEY ARE IN THE REFINING INDUSTRY, AND THINKING
THAT OBAMA IS TRYING TO DESTROY
OIL.
WE HAVE A BIT MORE INFORMATION ABOUT WHAT THEY ARE
TRYING TO DO AND WHY --
>> THOSE SUBSIDIES CAN BE SIGNIFICANT, IN SOME STATES YOU
CAN SAVE $10,000.
THAT IS WHAT SUBSIDIES ARE INTENDED TO DO, TO
HELP A NEW INDUSTRY GET A FOOTHOLD UNTIL COSTS COME DOWN
AND IT IS COMPETITIVE WITHOUT THE SUBSIDIES.
WE WILL CIRCLE
AROUND TO THE SUBSIDIES THEY
DON'T HAVE A PROBLEM WITH.
AND THEY SAY --
>>
THIS IS AN INSIDER IN THE ENERGY AND ENVIRONMENT WILL
FEEL.
THE REASON WE SAY THIS HAS
TO DO WITH THE KOCH BROTHERS IS IT IS HEADED BY JAMES MAHONEY,
CONSIDERED TO BE A CONFIDANT OF THE KOCH BROTHERS, AND A
MEMBER OF THEIR BOARD.
HE IS TRAVELING AROUND TO THE INDUSTRIES THAT CONTROL THE
OIL INDUSTRY AND ASKING FOR MONEY TO RUN THESE ATTACK ADS.
>>I THOUGHT THE KOCH BROTHERS WERE ALL ABOUT IDEOLOGY AND
IDEAS?
WHAT IS INTERESTING IS,
THIS IS THEIR CORPORATE ARM WHO APPEARS TO WANT TO GO AND LOBBY
AGAINST THEIR COMPETITION.
HMM.
KIND OF SOUNDS LIKE CRONY
CAPITALISM.
THE KIND OF SOUNDS LIKE THEY HAVE A DOG IN THIS
FIGHT.
IT KIND OF SOUNDS LIKE MILLIONS, BILLIONS, OF DOLLARS
ARE ON THE LINE, AND THEY ARE
LOBBYING FOR THEIR OWN PERSONAL FINANCIAL BENEFIT.
IT HAS
NOTHING TO DO WITH IDEAS AND IDEOLOGY.
I HOPE YOU WEREN'T
THAT MUCH OF A SUCKER IF YOU ARE A CONSERVATIVE OR LIBERTARIAN.
THEY ARE GOOD LIBERTARIANS, THEY JUST CARE ABOUT THE IDEOLOGY.
IT
HAPPENS TO BENEFIT THEM TO THE TUNE OF BILLIONS OF DOLLARS,
WHAT A COINCIDENCE.
BUT I'M SURE THEY HAVE GOODNESS IN THEIR
HEART.
BUT THAT LEADS TO THE QUESTION OF, AS JOHN ALLUDED TO,
YOU ARE AGAINST SUBSIDIES
BECAUSE YOU ARE LIBERTARIAN?
WHAT IS INTERESTING IS THE OIL
INDUSTRY GETS A LOT OF SUBSIDIES.
ON AVERAGE, THEY HAVE
GOTTEN ABOUT 4.7 BILLION DOLLARS IN SUBSIDIES.
>>EVERY YEAR.
DO YOU WANT TO CUT THOSE?
OH, YOU DON'T WANT TO CUT
THOSE.
ISN'T THAT A FUNNY COINCIDENCE.
ALL OF A SUDDEN THEY ARE NOT SO LIBERTARIAN.
>> AND ALSO WHAT IS THE ARGUMENT FOR THOSE SUBSIDIES?
WHEN THEY
ARGUE FOR IT, THEY SAY WE NEED TO BE INCENTIVIZED FOR NEW WAYS
OF DOING THINGS.
THAT'S RIGHT,
THAT'S WHAT THIS IS.
>>AND TO THAT ARGUMENT, HERE IS WHAT IS NOT A NEW WAY OF DOING
THINGS -- OIL.
IT IS THE MOST PROFITABLE COMPANIES IN THE
WORLD, IT IS NOT A NEW THING.
THIS STRUGGLING OIL BUSINESS,
LET'S PROP IT UP BECAUSE IT
MIGHT DO US SOME GOOD IN THE FUTURE.
NO, ELECTRIC CARS ARE
THE KIND OF COMPANIES THAT NEED A LITTLE BIT OF SUBSIDIES OR A
BOOST SO THEY CAN GET GOING.
IF YOU SAY I DON'T CARE, NO
SUBSIDIES FOR ANYBODY, THAT IS FINE, BUT THAT IS NOT WHAT THEY
ARE SAYING.
SUBSIDIES, BILLIONS, FOR US.
NOTHING FOR OUR COMPETITION.
THAT IS THE DEFINITION OF CRONY CAPITALISM.
>> WHAT THEY COULD DO, AND JOHN BROUGHT THIS UP DURING OUR
PRODUCTION MEETING, WHY DON'T THEY INVEST IN IT AND MAKE MORE
MONEY?
INSTEAD OF TAKING THE MONEY THEY HAVE AN LOBBYING
AGAINST THAT, IF THEY INVESTED, WOULDN'T THAT BE MORE LUCRATIVE
FOR THEM IN THE FEW YEARS THEY HAVE LEFT?
>>I THINK THE ANSWER IS NO, I THINK LOBBYING AND PREVENTING
CHANGE FOR AS LONG AS POSSIBLE --
IT GIVES YOU AN IDEA OF HOW MUCH MONEY THEY ARE MAKING.
>>THEY KILLED THE ELECTRIC CAR, NOT THE KOCH BROTHERS BUT THE
OLD CAR INDUSTRY AND THE OIL
COMPANIES, IN THE PAST.
IF YOU HAVE SEEN THAT WONDERFUL
DOCUMENTARY ABOUT WHO KILLED THE
ELECTRIC CAR, THEY DELAYED IT FOR WELL OVER A DECADE, AND IN
THAT DECADE THEY MADE BILLIONS
OF DOLLARS.
AND WHEN YOU GO INTO A NEW INDUSTRY YOU HAVE TO
COMPETE WITH EVERYBODY.
WHEN YOU
HAVE ESTABLISHED YOURSELF IN THE OLD INDUSTRY, THERE IS A CASH
COW.
AND YOU HAVE THE POLITICIANS IN YOUR POCKET.
>> KOCH INDUSTRIES MAKES $115 BILLION IN REVENUE EVERY YEAR.
AND THE OIL REFINING PIPELINE OPERATIONS --
>>DON'T CHANGE THAT SHOT ON JOHN.
IN A RELATED STORY, THIS
JUST IN, WHICH IS THE KOCH
BROTHER ON THE RIGHT?
CHARLES?
IN A RELATED STORY, ROBERT
REDFORD WILL PLAY CHARLES KOCH.
>>UNFORTUNATELY, THAT IS TRUE.
ONE MORE THING ABOUT THIS -- IF
YOU SUPPORT THE OIL INDUSTRY AND YOU KILL ALTERNATIVE ENERGIES,
YOU KNOW WHO ELSE YOU HELP?
SAUDI ARABIA AND THE MIDDLE EAST AND WAHABISM.
REMEMBER, ISIS,
WHY DON'T WE BOMB THEIR OIL?
THAT'S WHAT TRUMP SAYS.
THE KOCH
BROTHERS SAY LET'S KILL ELECTRIC CAR SO WE CAN HELP WELL, I MAKE
MONEY, SO DOES ISIS, SO DO THE SAUDIS, I DON'T CARE.
BUT
REMEMBER, THE KOCH BROTHERS, THEIR ORIGINAL FORTUNE CAME FROM
THEIR DAD, WHO WORKED WITH THE
NAZIS AND STALIN.
THAT IS AN ABSOLUTE FACT.
YOU THINK THIS
FAMILY HAS PROBLEMS MAKING MONEY IN MORALLY DUBIOUS WAYS?
ISIS IS
NOTHING COMPARED TO THE NAZIS.
THIS IS WHAT THE KOCHS DO.