On this episode of The Glenn Beck Show, Glenn is joined by Stephen Moore and Helen Pluckrose to talk about the stock market, the Russian influence behind the Trump administration, and why the Democrats are going all in on 2020.
00:00:06.000Hey, welcome to the podcast. It's Thursday, which on Friday's podcast, we have something very, very exciting that we're going to share with you.
00:00:15.440Also, don't forget, we're coming to town. Yeah, right.
00:00:19.500Remember, if you were my age, you were in the circus, came to town, you would go out and you'd watch the parade with all the animals.
00:00:26.240Well, this is like the elephant coming to town without the parade. Yeah, it's going to be great.
00:00:30.640You're going to be able to throw peanuts at Glenn. It's going to be a lot of really good, fun things.
00:00:35.240It's going to be a lot of laughs. And we are going to help the the radical left, otherwise known as the Democratic Party, with their 2020 campaigns.
00:00:45.120So you don't want to miss that. Grab your tickets. You can find out all about it at Glenn Beck dot com slash tour.
00:00:49.720Get your tickets. Yep. Today on the podcast, we had a lot of really interesting stuff.
00:00:54.460I thought, you know, we talked to Stephen Moore about the stock market.
00:00:58.160What's going on with that? You know, this is a guy who talks to the Trump administration all the time.
00:01:02.480He helped write the tax plan. He's he understands, I think, the behind the scenes stuff going on here.
00:01:08.360He had a lot of interesting things to say about what happened in the stock market.
00:01:11.400What is going on? What they don't know is happening.
00:01:15.020And to continue, we go to continue the trend of Stevens.
00:01:18.320We went from Stephen Moore also to Stephen Kent, who has an amazing piece of information for you about how the Russians are not.
00:01:28.500They don't care about Donald Trump. They didn't care about Hillary Clinton.
00:01:32.540They care about chaos. And he he's bringing a story about how they even were involved in debasing our conversations and getting us at each other's throats with the latest Star Wars movie.
00:01:49.020Helen Pluckrose also joined us to continue our trend of Stevens and people named Helen.
00:01:55.600Yeah, we have a big trend going on. Right.
00:01:57.140Helen. I'm a big fan of Helen. She is she is a a an academic in hiding.
00:02:05.940I think is what she called. She has been part of the group of academics that went and tried to get things published, you know, in peer reviewed publications.
00:02:18.800They didn't think that they could get they'd be thrilled if they could get one into, you know, into a peer reviewed publication.
00:02:27.600These were crazy, crazy ideas about how, you know, dog parks lead to the rape culture, you know, because dogs are humping each other in dog parks.
00:04:26.920They didn't come from the Heritage Foundation or the Cato Institute.
00:04:30.380This is from the annual report from the Kaiser Family Foundation.
00:04:36.100And by the way, did I mention they're based, you know, behind the progressive iron curtain of California?
00:04:42.120Did I also mention that Kaiser helped spin the left's talking points when the Democrats were trying to pass the Affordable Care Act and tell us that, oh, no, this is going to be fantastic for everybody?
00:04:56.520Yesterday, President Trump wrote an op-ed in USA Today titled, Democrats' Medicare for All Plan Will Demolish Promises to Seniors.
00:05:06.460He goes on to explain how the plan would cost an insane $32.6 trillion during the first 10 years.
00:05:16.560The president continued by slamming the left's open border policies and calling out their socialist policies.
00:05:23.660USA Today's tweet pointing out the Trump op-ed read, quote,
00:05:28.060Democrats want to outlaw private health care plans,
00:05:31.800taking away freedom to choose plans while letting anyone cross the border.
00:09:16.660They said there are seven distinct clusters now in America.
00:09:22.520Progressive activists, traditional liberals, passive liberals, politically disengaged, moderates, traditional conservatives, and devoted conservatives.
00:09:32.180Now, according to the report, 25% of Americans are traditional or devoted conservatives.
00:09:57.460Their views are even more out of the mainstream and are less typical.
00:10:04.180Two-thirds of Americans do not belong in either extreme progressivism, as progressive activists, or as traditional devoted conservatives.
00:10:19.520The vast majority is now considered something called the exhausted majority.
00:10:28.080The members of this two-thirds of our society share a sense of fatigue with our polarized national conversation, a willingness to be flexible in their political viewpoints, and have a lack of voice in the national conversation.
00:10:48.220Most members of the exhausted majority dislike political correctness.
00:10:54.820Among the general population, 80% believe that political correctness is a problem in our country.
00:11:05.460Even young people are uncomfortable with it.
00:11:09.18074% ages 24 to 29, and 79% under the age of 24 think this is a problem.
00:11:20.660The woke are in the extreme minority in this country.
00:11:32.180Youth not supporting political correctness.
00:11:38.760And they're not supporting the race thing either.
00:11:42.860Whites are ever so slightly less than average to believe political correctness is a problem in the country.
00:18:02.220And when people, as I said in 2009, at some point, they're going to drag people out of their chairs in their studios and beat them to death in the streets.
00:18:15.220Because when these people, who are dismissing and encouraging these people to be violent, when that is happening, a lot of people are going to say, well, they deserve it.
00:20:17.140There is a study out from Morton Bay at the University of Southern California that looks at the role that online bots, particularly the Russian persuasion, might have played in the discourse on social media surrounding The Last Jedi.
00:20:35.140So you just kind of ran by surrounding The Last Jedi, the movie.
00:20:41.300The Last Jedi, nice and low-hanging target being a Star Wars movie.
00:20:45.280What do people care about more than politics?
00:20:47.740I would say that it's probably the light side versus the dark side and the eternal struggle in a galaxy far, far away.
00:20:52.920You know, you've mentioned, Glenn, like they prey on these very emotional and personal issues on social media.
00:21:01.020It's not just about politics and Hillary Clinton and Donald Trump.
00:21:04.020It can be about kneeling, the national anthem.
00:21:06.460It can be about something that a celebrity might have said, and then it's amplified and sort of turned up to 11 so that people get really heated about it.
00:21:13.760Star Wars is in that category, too, and there might be some evidence to show that this is actually happening every day.
00:21:25.560So it's circumstantial in many ways, but that's by nature of what we're dealing with here.
00:21:30.280When you're talking about foreign influence and particularly malicious activity coming from Russian bots or trolls or sock puppet accounts, you are talking about a moving target, people who are deleting their accounts, changing their information, making new accounts, staying active so that they can't actually be tracked to a given location.
00:22:19.360We're talking about foreign influence online, and it might be Russians, it might be the Chinese, it might be Iranians, or it might be some Floridian with a bone to pick with the rest of the country.
00:22:26.900So what did they plant into our society?
00:22:32.640Well, in this case, what they planted, there was evidence that there were 16 accounts that could specifically be Russian-linked, 105 that sort of had a question mark as to where they could be originating from, that are jumping online when The Last Jedi comes out and people are starting to debate about the movie.
00:22:51.860And then they start throwing in the tweets about the Feminazi Admiral Holdo, and then they start throwing in tweets about how masculinity is under assault because Poe Dameron wasn't able to lead the ship.
00:23:05.400And then they start throwing in tweets about SJW droids and the fact that there was a droid in the hospital.
00:23:12.040Yeah, and so – but the important thing, Glenn, is that that comes from real people too, and you can't really distinguish what comes first, like the chicken or the egg.
00:23:21.800Did the Russian bot or troll online plant the thought in a conservative or activist or a Star Wars fan online, and then they sort of echo it?
00:23:34.040Because it is reasonable to look at Star Wars and see some sort of like progressive fingers in the pot.
00:23:41.000But there's also this discourse online that happens where you sort of amplify other opinions that you see.
00:23:47.680You see someone upset about the Feminazis now taking over Star Wars, Kathleen Kennedy or the Asian girl in the new Star Wars movie.
00:23:55.620And if you get amplified about that and feel like, oh, well, someone else is angry about that too, I can now feel a little bit more angry, then the discourse just rapidly gets more radical.
00:24:08.980And it's pretty reasonable to think that there are foreign actors who engage in this malicious activity.
00:24:14.580Stephen, it's interesting, I think, and this is part of the crime against journalism that's happened, making every effort of what Russia has tried to do in America about Donald Trump.
00:24:24.600You know, it's like, look at the scope of this.
00:24:29.620The fact that they are trying to go in there and stir people up over not just politics, but culture and Star Wars and all of these kind of separate things, Kaepernick, all of this stuff.
00:24:40.460And not just separating us, Stu, I think also pushing us into a place.
00:24:51.060They're pushing everything, all pop culture, everything into politics.
00:24:56.760Yeah, there's a great book out right now called Addicted to Outrage by Glenn Beck.
00:25:01.780Towards the end of part one, at least in the audio book, it's chapter 19.
00:25:06.480They're talking a lot about the role that foreign actors and particularly Russians might play in trying to sow discord.
00:25:13.240And what we do know about Russians that were able to do in the 2016 election, we don't know if they actually were able to impact the results and how people voted, but we are able to determine that they get their fingers into the way that we talk.
00:25:27.200And what's most important, I think, about American politics and culture is not that we are able to agree on everything political, but that we're actually able to go to a movie theater and sit next to our neighbors in the dark and smile at a Star Wars movie.
00:25:42.320But then when you go in and you've sort of been reading these things online and you've had people tell you that now it's like liberal propaganda and that it's not the Star Wars you grew up with, then you can't even do that.
00:25:55.000And think about what that does to a culture, not in the course of one year, but in the course of 10 years.
00:26:00.400We have we'll have nothing in common if we allow people to manipulate us like this and get us hooked on outrage on a constant basis about anything, whether it's politics or media.
00:26:12.220Steven, thank you for writing about this.
00:26:16.160This is in the Washington Examiner. Thank you for watching writing about this.
00:26:20.900Is it is it because it was Star Wars that this popped up on your radar or why is it that no one else is is catching this, Steven?
00:26:31.560Well, I would say that there was a pretty good deal of writing done about this.
00:26:35.040And for me, I did catch this because I've got Google Alerts set up for Star Wars and I care a lot about it.
00:26:39.800But, you know, I live in Star Wars Twitter as well as conservative and libertarian Twitter.
00:26:45.000You know, these are kind of different ecosystems and the dialogue in Star Wars Twitter is is toxic.
00:26:51.880It was so mean when these movies came out, particularly around Solo and The Last Jedi.
00:26:57.320The Last Jedi really sort of agitated right wing Twitter and Solo really agitated left wing Twitter.
00:27:04.320Everybody was arguing about these different things and just using language that you just don't see or you didn't see a couple of years ago in Star Wars.
00:27:13.600And then you turn on your favorite conservative podcast.
00:27:16.840Right. And I have a couple and they're sort of been echoing those sentiments.
00:27:20.860And then their actual fans are going out and engaging in Star Wars discourse.
00:27:25.820But there's it's not really clear, like, who is genuine and who is not and who's coming to it as a really interested fan and who's coming to it as a political activist who just really wants to make people angry.
00:27:38.000And that's what we have to remember when we get online is there is no guarantee that the person, even if they have a real name and a photo associated with their account, is a genuine human being who wants you to leave this conversation happy.
00:27:50.240I don't know if you've ever won an argument on Twitter.
00:27:53.920It's the equivalent of a foreign city.
00:27:56.600You need to be getting off the airplane in this new city and just assume that you're not safe anywhere you go and you should just talk to people that you know and that you trust.
00:29:09.980I am thrilled to have and introduce you to Helen Pluckrose.
00:29:17.960She is the editor in chief of Arrow magazine.
00:29:20.880She has written an article that I want to go through with her.
00:29:27.380But I also want to point out that if you follow the news a couple of weeks ago, I think it was of these three scientists that came out and tried to publish papers that were complete nonsense of the dog.
00:29:44.040I think it was the rape culture in dog parks on dogs.
00:29:48.060And one of the responses before they published it was, did they get permission from the dogs?
00:29:53.480They were afraid that maybe they were violated a little bit.
00:30:29.960First of all, thanks for coming on the program.
00:30:32.620I want to talk to you about your essay, How French Intellectuals Ruined the West, Postmodernism and Its Impact Explained.
00:30:40.880I read the article and let's just say my audience is very smart.
00:30:47.480I am not the sharpest knife in the drawer.
00:30:50.080So, pretend you're talking to somebody that, you know, doesn't really know much about this because you are talking to that person.
00:31:00.500And I'm trying to understand it, but postmodernism itself just doesn't make sense at all to me.
00:31:07.780And so, I want to make sure that I have it right and the audience understands it because I think it is the disease that is – it's the cancer for the Western world, is it not?
00:31:20.600Well, I don't think it's the only cancer.
00:31:25.040I think it's certainly a problem that's coming up in how we understand knowledge and how we on the left are looking at ethics.
00:31:33.860And I think that's feeding into a rise on the other side of an increase in nationalism and anti-intellectualism and a kind of reversion to some utopian past which never existed.
00:31:49.620But, yes, it is a significant problem which has affected how we decide what is true and how we evaluate rights and people standing in society.
00:32:04.660Right. And so, this is the source of, you know, gender fluidity and really intersectionality and all of this stuff that we're hearing that most people wake up every day and they're like, okay, what new term do I have to learn today?
00:32:25.840I would, yes. Intersectionality is very explicitly defined by its founder as contemporary politics applied to postmodern theory.
00:32:34.960Okay. So, let's start at the beginning of postmodernism.
00:32:41.040Is it related at all to the Dadaist movement that grew out of the First World War where they were trying to make a point of nothing really has any meaning?
00:33:15.920It's a kind of coming together of an artistic and philosophical movement.
00:33:22.040And the artistic side of it is actually really fun.
00:33:25.980We don't have to worry at all about postmodernism in art.
00:33:31.300It's when it starts being applied to society and we're starting to understand society as completely constructed in systems of power
00:33:41.340and knowledge is a construct of this power, that it comes from language, that language is dangerous because it constructs reality.
00:33:49.500That's sort of the key ideas which are underlying the problem that we're seeing now.
00:33:56.640Now, you say that it's not anything worrisome in art, but I would consider literature art as well.
00:34:03.240And this is now how we are being taught that we have to read literature, that we read it through the lens of oppression, white, male, European oppression.
00:34:16.720Even if the author is saying, no, no, that's not what the story is about, that's not, the author is not even the last word on this.
00:34:27.940It is the postmodernist that can take and read that text any way they want, correct?
00:35:28.140So tell me how it where it grew and how it grabbed us by the throat or our university systems.
00:35:36.580Well, the original postmodernists, they were just a small group of very, very prolific writers in the late 60s, including Jean-Francois Lyotard, Jacques Derrida, Baudrillard, and particularly Michel Foucault.
00:35:52.580And they came together all from different disciplines and all seemingly at the same time with the same message that they were disillusioned with the modern period.
00:36:04.800They were disillusioned with Marxism and they were disillusioned with religion and institutions.
00:36:10.600And they thought that these were all meta-narratives.
00:36:15.000They were big, comfortable understandings of things that had just fallen apart.
00:36:19.360This comes after the world wars, the fall of empire.
00:36:24.200All these sort of certainties were crumbling.
00:36:26.660And there was a shift in society to try to understand, are the things that we thought were true actually true?
00:36:34.020The postmodernists are those who took this to a new philosophical level and simply said, no, this reality is not something we find.
00:37:01.740But the first postmodernists were not, they didn't have a particular political goal.
00:37:09.300They were certainly leftist, but they weren't, they were generally quite aimless.
00:37:13.560They wanted to sort of pull things apart, show problems with it.
00:37:16.580It wasn't until the late 80s and early 90s when a lot of feminists and critical race theorists, queer theorists, et cetera, said, well, taking everything apart is all good and well.
00:37:30.680Yes, we need to see that everything is socially constructed.
00:37:33.720But we have to have some kind of reality if we're going to address anything.
00:37:37.360We cannot, for example, address sexism against women unless we agree that women are a certain thing that experience certain things in certain times and places.
00:37:47.060So there was a change here to bring back some kind of objective reality, and that was systems of privilege and power that could then be analyzed, but very subjectively from the perspective of experience and with the assumption that we are always looking at a power imbalance in any interaction between different groups.
00:38:09.700Okay, so let me go back, because I think people might be thinking, why are we talking about postmodernism?
00:38:32.880You don't know who's behind a lot of this or what the theories are behind it.
00:38:37.440So let me first say, postmodernism, the modern world is the world that was created, that chased out the Dark Ages.
00:38:47.680It's the world created by the enlightenment of science and reason and empirical evidence.
00:38:56.040And even, I mean, when you hear people say mathematics is racist, this is because they're trying to deconstruct anything that holds the modern world together.
00:39:13.800Yes, they think that it has been constructed unfairly, that a lot of voices have been left out, and this relates somehow to a lot of knowledges.
00:39:22.280I particularly have a problem with the idea that irrational and unempirical knowledge is the property of women or non-white people.
00:39:38.740I want to take you, before we move forward, I want to take you back one more step.
00:39:45.380I'm going to take a break, and then we come back.
00:39:47.320I'd like you to help me on this, because it's my understanding that Derrida and Foucault came over to the United States, that this was really kind of shaped in frustration from the 1968 Paris riots,
00:40:04.640and in frustration that they're not going to be able to take this whole thing down unless they take it all down.
00:40:12.000They've got to take all the systems down.
00:40:13.340They're not going to win through culture.
00:40:14.440And that it was actually much more strategic in its planting of a virus, if you will.
00:40:26.180And I'd love to hear your take on that, if that's true or not, when we come back.
00:40:31.360Despite all the evidence that racism, sexism, homophobia, transphobia, xenophobia are at an all-time low in Western societies,
00:40:40.060leftist academics and social justice activists display fatalistic pessimism.
00:40:45.260This is coming from the post-modernist take.
00:40:51.300Now, Helen, I've tried to find good purposes for this, and the way it is being enacted now, it just seems like a total, I don't know, an embrace of total chaos and destruction.
00:41:09.600I can understand why a lot of people who are not understanding how this has worked, particularly conservatives, can see this as completely destructive.
00:41:32.080I mean, I am a liberal, so you and I will probably not agree entirely on what good aims are.
00:41:38.160But when post-modernism arose and the second wave of it, it's very important to sort of focus on the second wave,
00:41:48.580which diversified into critical race theory, intersectionality, queer theory, etc.
00:41:53.860That's what we're seeing now, much more than these earlier, very obscure ideas about knowledge.
00:41:59.940But they came at a time following the end of the civil rights movement.
00:42:04.620They claimed to be the heirs of Martin Luther King, of second wave liberal feminism, of gay pride.
00:42:12.340They came and they hit the U.S. and the U.K., particularly because we were in a position of, sort of culturally, of taking stock of what had happened recently.
00:42:27.080But for the Brits, empire had just collapsed and there was an enormous amount of post-colonial guilt in the U.S., seeing the end of the Jim Crow era and sort of reckoning with a history of slavery.
00:42:41.520So society was largely geared towards continuing this very positive sort of civil rights movement and making society freer, more equal for everyone.
00:42:53.860So, Helen, you know, you said a minute ago, and maybe we just have a different definition.
00:43:04.840I'm a classic liberal, as we would know here in America.
00:43:28.140And I think that many Americans feel this way, you know, with political correctness.
00:43:33.740You know, I go back to the handicapable, you know, nobody wanted to say if that really hurts somebody's feelings that that, you know, nobody wants to do that or very few people want to do that.
00:43:45.420You know, it does kind of say, well, the next generation is going to just assume, you know, just going to attach the same meanings behind handicapable is handicapped.
00:43:55.180But, you know, so it's a little worthless over the long period of time.
00:43:59.180But I don't think anybody I think generally speaking, people are fair.
00:44:03.700What this is turned into is oppression.
00:44:08.260Yes, I mean, I think that's something that we have to hold on to, because when if we accept that everybody is generally trying to be fair, is generally trying to be good and to do good for their societies.
00:44:23.160And they actually care about their fellow human beings, then, yes, we have this situation where the vast majority of us are still very much in line with modern principles of equal opportunity, freedom, rights.
00:44:38.740And we have to understand that a lot of the people who have taken on and internalized a lot of the postmodern ideas are also trying to do good and trying to be fair.
00:44:48.580But what we have to look at is how this is working in practice.
00:44:53.220We are seeing a rising authoritarianism, a totalitarianism from the activists who are drawing on these ideas which have come out of these series.
00:45:08.460I believe that this is a small part of the population, but it is drawing in more of the left because they want to kind of internalize some of these ideas because the ideals are good.
00:45:25.020The ideals that that women, people of color, LGBT should have the same rights as everybody else is what is underlying this.
00:45:33.520And these aims are good. A lot of left liberals who really should know better are thinking, well, how bad can this be if they have these aims?
00:45:42.780It is a problem because it is supremely irrational. It is supremely illiberal.
00:45:48.040It is taking us away from the progress that we made in the universal liberal advance of the civil rights movements and equal pay for women, the decriminalization of homosexuality, etc.
00:46:01.020It is not continuing that. It is really doing something quite different now.
00:46:08.500This is the best of a Glenn Beck program.
00:46:11.460So I don't know if you noticed this, but yesterday it was a little scary if you had money in the stock market.
00:46:25.420What is it? The third largest point fall, I think, in history, American history, something like that.
00:46:32.360But, you know, when you look at it, historically, it's kind of unfair because the stock market is up so high.
00:46:39.380Down again today. Bonds are down. Debt is up. Where is money going? What is happening?
00:46:47.020Is this the beginning of something or is this just a, you know, bump in the road?
00:46:50.880We go to Stephen Moore, economist at the Heritage Foundation.
00:47:37.660We're all scratching our head wondering what it was.
00:47:39.420I mean, Donald Trump seems to think it was the Fed, and there's no question that the Fed interest rate hike and their announcement that they're going to continue to raise interest rates certainly moved people out of stocks into bonds because when interest rates rise, then bonds are more attractive relatively than stocks.
00:47:55.840Usually those effects of Fed changes are short term.
00:48:00.080So I don't think you're going to see a long-term effect from that.
00:48:03.400Although I tend to agree with Donald Trump that here we've got this booming economy, we don't see real signs of inflation, although energy prices are rising, but other commodities are pretty stable or actually falling in price.
00:48:16.200So I don't see a big inflation gain, I mean, you know, pick up.
00:48:20.540And what Trump is saying, and I think there's some truth to this, is to the Fed and Jerome Powell, why are you taking the punch bowl away from this party just when it's getting going?
00:48:30.480And I tend to think that he's right about that.
00:48:33.820You know, look, I don't want inflation, but just because the economy is picking up doesn't mean you're going to have more inflation.
00:48:39.460I don't think that the Fed's job is to squash a stock market rally and a pickup in employment, as we've seen in record numbers.
00:48:47.740Yeah, I would tell you, Stephen, you know I'm an inflation watcher and hyperinflation watcher.
00:48:54.440I was really concerned with all the repatriated money that was coming in and the tax breaks, and we haven't seen it.
00:50:08.820It looks like because there's been disruptions in the Middle East with respect to Iraq.
00:50:15.260And so you're seeing a big, you know, a big sell-off as a result.
00:50:18.740I mean, a big rise in the price because people are really concerned about the, you know, about the price, the global reduction in supply as a result of that.
00:52:34.840You know, I would make the same case that the Fed, you know, was the one that built up this bubble that led to the housing crisis in 2007 and 2008.
00:52:42.100Why do we keep thinking these people are somehow, like, godlike?
00:53:42.860And so I used to tell Donald Trump, I don't agree with you on your trade strategy, but I've got to say, so far, you know, the kind of apocalyptic view has not happened.
00:53:54.400He played Canada like a fiddle here where he basically said, you know, we're just going to go ahead without you with Mexico.
00:53:59.800And Canada at the 11th hour, literally 11 o'clock on the night before the deal had to be sealed, Canada came and said, okay, we agree to the deal.
00:54:07.700He's going to get a good deal, I think, with Europe.
00:54:09.520And then that leads to Canada – I mean, to China.
00:54:13.240And this is where I think Trump is going to take a very hard line.
00:54:17.980And I happen to agree with – I don't know.
00:54:20.620You and I haven't talked about this, Glenn, but I am a hardliner when it comes to China.
00:54:24.600I'm a free trade guy, but China – we don't have free trade with China.
00:54:43.420I just want to make sure that we understand the symbiotic relationship of mutually assured economic destruction when it comes to China.
00:54:51.460Well, let me challenge you on that one.
00:54:53.380You know, I'm going to – of course a trade war would hurt us.
00:54:57.120But I think the way Trump looks at it, and I think he's right about this.
00:55:00.040Look, if we can't trade with China, we sneeze.
00:55:03.100If they can't trade with us, they catch pneumonia.
00:55:05.440And I think there's a lot of truth to that.
00:55:06.780I mean, they can't – their economy depends on access to America's $15 trillion consumer market.
00:55:12.880I mean, damn near everything you buy in Walmart is made in China.
00:55:17.660And so Trump is playing that card and saying, look, we're not going to give you unfettered access to our markets if you're not going to play by the rules.
00:55:24.780I talk to companies' CEOs all the time, Glenn, who basically say it's almost impossible to penetrate the China market.
00:55:30.960You've got to give up ownership of your company.
00:55:32.880You have to give up your trade secrets, your patents.
00:55:49.060Hey, Stephen, quickly, one quick question for you.
00:55:51.560I know you probably have a real insight on this.
00:55:54.560We were kind of – talked about the steel tariffs and these things going on allies like Canada as a way of negotiating and bringing these countries to the table for what was kind of like a NAFTA 2.0 type of situation.
00:56:09.560Well, that happened, but the steel tariffs are still on Canada.
00:56:12.680Do you have any idea why, or is this going to change at any point?
00:56:15.840Well, this is one of the issues that I – as you know, I'm a big fan of Donald Trump.
00:56:19.640I helped write the tax plan with my buddy Larry Kudlow.
00:56:24.960I don't see the wisdom in steel and aluminum tariffs or auto tariffs, but especially not steel and aluminum because, you know, we have something like 100,000 Americans who are employed in steel and auto.
00:56:35.060But we've got 6 million other manufacturers who use steel and aluminum in what they produce.
00:56:40.580I was over at Anheuser-Busch a couple weeks ago.
00:56:44.020They – you know, when they make, you know, Budweiser's, they're using a lot of aluminum for those cans, and they say their prices are going up, and that's going on around the country.
00:56:53.020Our auto producers – our autos are more expensive because of the steel tariffs.
00:56:56.820So my point to Trump is this isn't even creating factory jobs.
00:56:59.780We're going to lose factory jobs as a result of this.
00:57:02.020So I disagree very strongly with the steel and aluminum tariffs.
00:57:25.000We are creating steel jobs, Mr. President, but we're losing auto jobs.
00:57:28.440We're losing, you know, jobs in other areas that manufacture equipment, trucks, and things, you know, those kinds of things that use steel and aluminum.