CHARLES: WE’RE SEEING A MAJOR
SELLOFF ON THE STREET.
IN THE LAST COUPLE DAYS THE DOW
IS DOWN AS MUCH AS 1300 POINTS.
THE MARKET OF COURSE BEING A
PILLAR OF CAPITALISM, WHEN THIS
KIND OF STUFF HAPPIES IT WEIGHS
ON PEOPLE.
PROBABLY NO SURPRISE THAT
ALEXANDRIA OCASIO-CORTEZ AND
BETO O’ROURKE, CREATING A LOT OF
EXCITEMENT ABOUT THINGS LIKE
MEDICARE FOR ALL, A PUSH FOR
OTHER FREE MONEY GIMMICKS.
WHAT WILL REPUBLICANS DO AGAINST
THIS POPULAR ARGUMENT, OTHER
THAN HIGHLIGHT HOW EXPENSIVE
THESE PRICE TAGS ARE, BECAUSE I
DON’T KNOW THAT IS NECESSARILY
GOING TO WORK?
WE HAVE SEEN A LOT OF PEOPLE
PUSHING BACK AGAINST CAPITALISM.
WANT TO BRING IN CHAIRMAN,
FORMER GOP PRESIDENTIAL
CANDIDATE, HERMAN CAIN,
BUSINESSMAN EXTRAORDINAIRE AS
WELL.
HERMAN, FIRST LET ME JUST ASK
BUT THE CRAZINESS IN THESE
MARKETS THE LAST FEW DAYS.
IS THERE A MESSAGE THAT YOU
THINK THE MARKET IS SENDING THAT
WE SHOULD BE PAYING ATTENTION
TO?
>> I THINK YOU STATED IT BEST.
I SAW YOU EARLIER TODAY ON FOX,
AND IT IS THE SPECULATORS ARE
DRIVING THESE WILD FLUCTUATIONS.
PEOPLE WHO ARE INVESTED IN THE
MARKET FOR THE LONG TERM OR FOR
IRAS AND 401(k)S AS YOU
RECOMMENDED AND I AGREE WITH
YOU, 100%, CHARLES, DON’T DO
ANYTHING CRAZY.
LET THE SPECULATION RUN ITS
COURSE.
SECONDLY, WHEN THE PRESIDENT’S
RESPONSE AND WHEN THE PRESIDENT
OF CHINA’S RESPONSE TO THE
PRESIDENT AFTER 90 DAYS, THINGS
SHOULD SETTLE DOWN.
THE IMPRESSION WE GOT, THAT
CHINA IS GOING TO MAKE SOME
EFFORTS TO IMPROVE THE LEVEL
PLAYING FIELD.
THAT IS A GOOD THING BUT
SPECULATORS, THEY DON’T BET ON
THINGS WORKING OUT CORRECTLY.
THEY BET ON THINGS WORKING OUT
INCORRECTLY.
SO THAT IS WHY WE SEE A LOT OF
THESE WILD FLUCTUATIONS.
AND I THINK IT IS JUST
TEMPORARY.
CHARLES: YOU KNOW, HERMAN, LAST
WEEK KARL ROVE WROTE A GREAT
OP-ED, STOPPING THE SOCIAL
LISTIC RESURGENCE.
I SAW WHERE YOU TOOK A LITTLE
BIT OF A SHOT AT THE ONE OF THE
LATEST GAFFS OF ALEXANDRIA
OCASIO-CORTEZ THAT WE’LL HAVE
YEARS TO DEAL WITH THIS, POP THE
CORN, FOLKS.
ARE YOU NOT, ARE REPUBLICANS NOT
TAKING THIS SERIOUSLY ENOUGH?
I FEEL LIKE THIS ANTI-CAPITALISM
PUSH, PARTICULARLY AMONGST
YOUNGER ADULTS, YOUNG AMERICANS,
IS A SERIOUS THREAT TO THIS
COUNTRY?
>> I WOULD AGREE AND REPUBLICANS
IN TOTALITY ARE NOT TAKING IT
SERIOUSLY ENOUGH.
SECONDLY AS YOU POINTED OUT,
MANY PEOPLE DON’T UNDERSTAND THE
DIFFERENCE BETWEEN SOCIALISM AND MANY PEOPLE DON’T UNDERSTAND THE
DIFFERENCE BETWEEN SOCIALISM AND
CAPITALISM.
ALL THEY HEAR RELATIVE TO
SOCIALISM, FREE, FREE, FREE.
MEDICARE FOR ALL.
ALL FOR ALL.
THEY DON’T UNDERSTAND THAT
SOCIALISM MEANS CONTROL.
CAPITALISM MEANS FREEDOM.
CAPITAL MEANS THE OPPORTUNITY TO
MAKE MONEY.
AND SOCIALISM MEANS THE
OPPORTUNITY TO DO RESTRICTED IN
MAKING MONEY.
THE REPUBLICANS AND THE
CONSERVATIVES NEED TO DO A
BETTER JOB OF MESSAGING.
THEY MIGHT START WITH, STOP
USING THAT WORD CAPITALISM
BECAUSE THE DEMOCRATS HAVE DONE
A GOOD JOB OF DEMAGOGUING THE
WORD CAPITALISM.
IT IS NOT A BAD THING.
CAPITALISM SIMPLY MEANS, AN
OPPORTUNITY TO MAKE MORE MONEY.
YOU DON’T GET THAT FROM
SOCIALISM.
I WAS TALKING TO A FRIEND OF
MINE TODAY AT LUNCH AND I THREW
OUT THE QUESTION, WHAT IS THE
DIFFERENCE BETWEEN SOCIALISM AND
CAPITALISM?
HE GAVE ME ONE WORD.
EVERYTHING.
IN OTHER WORDS, THEY HAVE
NOTHING IN COMMON.
CHARLES: I LOVE IT.
>> I’M GOING, I’M GOING,
MITCHELL, THAT’S BRILLIANT.
IF YOU LINE UP SOCIALISM WITH
CAPITALISM THEY HAVE NOTHING IN
COMMON.
THIS IS THE MESSAGE THAT THE
REPUBLICANS AND CONSERVATIVES
HAVE GOT TO START GETTING OVER
TO THEIR LIVES, THEIR BANK
TO PEOPLE, SO THEY CAN RELATE IT
ACCOUNTS, THEIR POCKETBOOKS, AND
THEIR ABILITY TO EARN MONEY.
THAT IS THE DIFFERENCE THAT WE
DON’T DO A GOOD JOB OF
MESSAGING.