Economists have been concerned about President-Elect Donald Trump involving himself in “saving” 1,000 jobs from the Carrier plant. But CNN’s “New Day” panel had other concerns.
“It’s a legal minefield but it’s also a political or philosophical one because what it involves is governments picking winners and losers,” CNN correspondent Richard Quest told Chris Cuomo. “Why go for Carrier and not its competition? Its competition turns around and says, ‘You’ve got this, what are we getting in return?'”
Political economist Greg Valliere agreed, citing Sarah Palin, “of all people,” who called the move “crony capitalism and intrusion by a government into private business decisions.”
Valliere assumed that there will ultimately be a lawsuit. “If I’m a shareholder and I see a company that could have made more in profits had they moved and they don’t move, I think there’s grounds for a suit,” he explained.
Quest remarked there’s a concerning example of a company making a decision based on shareholder value. Cuomo agreed, saying that Trump did the same thing himself. “He makes his clothes and other products abroad because it was cheaper,” Cuomo said.
That’s when Quest noted that the way these things generally work is that a state gets involved in saving a company that is located in the state. So, why didn’t Mike Pence get involved?
“You’re talking about a smaller air conditioning company in Indiana, which could have received state help if the governor had chosen to-” Quest said before being cut off by Cuomo saying Pence could have done something earlier to save Carrier. “Let me ask you one other question,” Quest continued. “Who is president of the United States at the moment? The old rule that you only have one president at a time, what is Donald Trump doing interfering in the Carrier decision or, indeed, in the Taiwan decision, until January 20th?”
Valliere’s fears were more ominous. “Every company in America is going to have to look over their shoulders worried that government will interfere in their business decisions,” he said. “This is a chilling precedent that has been set.”
Check out the full discussion below:
American, Italian and Russian blast off for ISS
US, Italian and Russian astronauts blasted into space Saturday, headed for the International Space Station, in a launch coinciding with the 50th anniversary of the Apollo 11 Moon landing.
Alexander Skvortsov of the Russian space agency Roscosmos, NASA's Andrew Morgan and Luca Parmitano of the European Space Agency set off on a six-hour journey to the orbiting science lab from the Baikonur Cosmodrome in Kazakhstan at 1628 GMT.
A NASA TV commentator hailed a "textbook launch" minutes after blastoff in "sweltering" weather in Baikonur, where daytime temperatures reached 43 degrees Celsius on Saturday.
Megan Rapinoe trashes ‘disgusting’ Trump for his ugly racist tweets in CNN interview
In an interview with CNN's Van Jones that will air on Saturday night, U.S. Women's soccer champion Megan Rapinoe condemned President Donald Trump's racist attacks on four progressive congresswomen of color.
"It's disgusting, to be honest. To say it's disappointing is ... it doesn't even come close," said Rapinoe. She added, "The more that we just are upset about it and don't accept that kind of behavior from all sides, then the better place we're going to be."
Trump has faced escalating criticism in the wake of his tweet that Reps. Alexandria Ocasio-Cortez (D-NY), Rashida Tlaib (D-MI), Ilhan Omar (D-MN), and Ayanna Pressley (D-MA) ought to "go back" to where they came from if they disagree with his agenda (three of them were born in the United States). The controversy escalated when attendees of his rally in Greenville, North Carolina chanted "Send her back!" about Omar.
Conservative suggests Trump’s racist rhetoric will incite worse than ‘send her back’ chants: ‘One shudders to wonder’
In a column for the Washington Post, conservative Pulitzer Prize-winning writer Kathleen Parker said the refusal by Republican lawmakers and the evangelical community to condemn Donald Trump's racist rhetoric is paving the way for something far worse than mere "send her back" chants.
Under a headline that bluntly states, "Those who don’t condemn Trump’s racism are complicit in his bigotry," Parker gets right to her opinion of the president, writing, "Going out on a limb here: President Trump is a racist. And a sexist. And a xenophobic nationalist. Among other things. Not to name call or anything."