 I think is once I want to read you something and I want you to think about who wrote this right so I'm gonna read you some Stuff and some of you probably know already, but I'm gonna read you and you tell me who wrote this All options I guess on the table I Am deeply grateful for the opportunities America has given me But the Giants American corporations a controlled economy don't seem to feel the same way They certainly don't act like it. Sure. These companies wave the flag But they have no loyalty or alliance to America Levi's is an iconic American brand, but the company operates only 2% of its factories here Dixon Something maker of the famous number two pencil has moved almost all of its pencil production to Mexico and China and General Electric Recently shut down an industrial engine factory in Wisconsin and shipped jobs to Canada The list goes on and on again who wrote this These American companies show only one real loyalty to the short-term interests of their shareholders a Third of whom are foreign investors If they can close up an American factory and ship jobs overseas to save a nickel, that's exactly what they will do Abandoning Loyal American workers and hollowing out American cities along the way Politicians love to say They care about American jobs, but for decades those same politicians have cited free market principles and refused to intervene in markets on behalf of American workers and Of course, they ignore those same supposed principles and intervene regularly to protect the interests of multinational corporations and international capital the result Millions of good jobs lost overseas and a generation of stagnant wages growing inequality and sluggish economic growth All right, who wrote it now? We've got one vote for Elizabeth one. We've got one vote for Ronald Reagan Let me see if there's anything Stephen Bannon Tucker Carlson Tucker Carlson did cite this extensively in one of his shows, but he didn't actually write it I Mean you could you could imagine Donald Trump saying this just that it's like a thousand times better written than anything Donald Trump Would actually say somebody says bonnie Sanders bonnie Sanders could have written this right Stephen Bannon another vote for Stephen Bannon Stephen Bannon's You know got got two people right so we got Stephen Bannon. We got Tucker Carlson I say it could have been it could have been You know this this happens on a number of themes that Trump is talking about the hollowing out of our cities and Jobs leaving and how dare a third of Shareholders of foreigners and they're making the money FDR. We got two votes for Elizabeth one Ronald Reagan somebody says oh my god. No, you don't know Reagan if you think you wrote this No way. This is Ronald Reagan as much as I don't like Ronald Reagan on many issues This is not Ronald Reagan Ronald Reagan was like a million times better than this alright This was written by Elizabeth one and this is a part of Elizabeth wands New one of her plans right Elizabeth one you have to give a credit Elizabeth one is the only politician. I know The only politician I know who has taken the time and made the effort to articulate Every kind of almost every week every couple of weeks. She puts out a plan. She puts out her vision on a particular issue and This is called a plan for economic Patriotism somebody's asking if they can call in no you can't call in but if you want you can you can ask a question using the super chat feature on On YouTube, but hey So this is this is Elizabeth one defend and create American jobs a plan for economic patriotism and You know Elizabeth one has she just put out a plan on Wall Street and private equity. We'll talk about that in a little bit But I think this is this idea of defending American jobs is a framework For her entire economic policy and note how she frames it. She frames this as economic patriotism Now more than that he cannot Elizabeth one I think is is turning out to be and I don't know if she'll win the Democratic nomination although she clearly She clearly You know is one of the lead one of the leaders in the polls one of the top three candidates right now in the polls and beating Bernie Sanders Elizabeth one is turning out to be a much much smarter politician than I expected her to be What Elizabeth one has realized is That you're not gonna win. You're not gonna win as a socialist You cannot run as a Democratic socialist in America and win So she is not a socialist at least she says she's not a socialist How does she do that? She does it by Declaring herself or what it what is she she declares herself a capitalist Elizabeth one time and time again a set I love capitalism I am gonna Save capitalism from itself. I want Capitalism capitalism is amazing. What capitalism provides is running It just needs to be fixed. It's just being allowed to run amok. We just need better rules around it but capitalism Capitalism is Truly a Good system because it produces wealth So Lizard Juan is to find herself as a capitalist now what what she's doing with capitalism is what the rate is done with capitalism forever She's using the term capitalism. She's using the generally positive American view of capitalism and presenting a statist populist But patriotic economic vision So you can't You can't really in terms of the rhetoric. We'll talk about the plans are probably different but in terms of the rhetoric She has adopted Donald Trump's rhetoric. She has adopted. It's as if Stephen Bannon is her consultant She has adopted Stephen Bannon's principles. She's adopted Stephen Bannon's ideas Faming everything in terms of what will make America great again or What will make? Capitalism great again. I mean that could be your campaign slogan who compete campaign slogan could be Making capitalism great again And it it's now surprised therefore that somebody like Tucker Carlson Cannot differentiate between Elizabeth one and Donald Trump, and I don't know if you saw the episode of Tucker Carlson endorsing Elizabeth Warren's plans endorsing Elizabeth Warren's Program and indeed reading much of what I just read to you. He read on a show Favorably he said yes, this is what we need What we're seeing in America today is is an abandonment of Principle an abandonment of ideology in the name of economic populism in the name of Economic nationalism economic patriotism. What we're seeing is You know in the name of power in the name of a massive power grab by Washington DC in the name of pragmatism The right is no longer Ideological the left is no longer ideological What they are now is just out for power do whatever it takes to get the power. It's naked now They will use whatever language To You know motivate the troops to get people aligned All in the name of saving the middle class. That's that's Elizabeth one She keeps repeating the you know, what we need is the middle class She wiles against trade. So those of you think the Democrats are globalists I mean, all you have to do is read read Read Elizabeth Warren here. She she talks about the lot the massive loss of jobs because of bad trade deals Basically mimicking Donald Trump but from the left She talks about the fact that government has worked for the elites the fact that government has worked for Wall Street The fact the government is what is made some people rich at the expense of whom? Expense of working-class Americans Putting American workers in middle-class prosperity ahead of multinational profits and Wall Street bonuses That's Elizabeth Warren. That could be Donald Trump. That could be Steve Bannon So what we're seeing today is a unification of left and right What we're seeing today is a unification of left and right around economic policy. There is no debate anymore There was no argument anymore About what economic policy should be in the United States There's no opposition To the statist economic policies advocated for years and years and years by the left Anymore that only debate between left and right in America today is over social issues It's over abortion. It's over race. It's over gender. It's over Issues like that, but over economic issues basically Whoever stood for free markets whoever stood For individual liberty in the realm of economics has completely and utterly Buckled and lost There is no political party today. Then there's no Spokesman for the idea of economic liberty on either side of the political Of the political map and that is You know unbelievably tragic and it's exactly what I in ran predicted It's exactly what I in ran predicted 50 years ago 60 years ago That the conservatives could not defend capitalism the conservatives could not defend free markets and as a consequence There would be no voice For free markets in mainstream american politics And that's exactly What we're seeing So what is elizabeth wan advocating for? Well, she's advocating for redoing all the tax agreements She's advocating for penalizing companies That move overseas She's advocating for Getting government To create a basically what she calls a department of economic development That would create She says You know a program to bring jobs back To america The new department will have a single goal. She says Creating and defending good american jobs Again, what's the difference between her and donald trump? none One of her proposals One of her proposals Again completely mirrors what donald trump has said She argues for more actively managing our currency value to promote exports and domestic manufacturing In other words, let's lower the value of the dollar So it's cheaper for foreigners to buy american goods and more expensive for americans to buy foreign goods And therefore reduce the trade deficit by manipulating the currency and at the same time by the way Let's accuse the chinese of currency manipulation So she wants to become a currency manipulator Again, donald trump has said exactly the same thing She wants to leverage federal research and development to create domestic jobs and sustain investments in the future She wants basically for the american taxpayer to own to get stock Uh in exchange For r&d that private companies use that was You know funded by taxpayer dollars She wants as moricio says she wants fascism, but so does the right. They all want fascism She said tax rates should be able to capture the upside of the research investment Tax payers didn't make these investments bureaucrats make the investment maybe how do we how do we count for all the lost investments The taxpayers made how do we count for all the money that the governor wastes on basic research that is useless and futile And never gets used for anything I mean, that's just one So she says taxpayers get an equity stake in any company that relies on intellectual property These investments create they retain royalties on publicly funded innovations or golden share of the patent revenue Or require the company's benefiting from publicly funded r&d to reinvest profits back into domestic production And so on and so forth Now again, I don't think this is something anybody on the right would object to There is no voice for example. No voice On the american political landscape today arguing for the elimination A publicly funded research and development a publicly funded science There's no voice on the american landscape today right or left arguing for the privatization a basic research so The progressive agenda today In economics is the trump agenda today In economics the progressive agenda today in economics is The conservative nationalist agenda in economics It's exactly The same thing By the way, all r&d investment according to to one should be specific spread across every region of the country This is the populism not focused on only a few coastal cities God forbid we invest too much money In boston or in silicon valley, you know, we need research and development Dollars in ohio and indiana in arkansas and mississippi and alabama Because we know there's all this Scientific talent over there that is just if only we gave them the money If only we gave them the money Hey, and she says look we need to start investing in our companies. We need to promote export And you know china spends a fortune promoting its export companies We only spend about 200 million dollars through the export import bank You remember the export import bank that that bank that is run by the government that benefits a few american corporations The republicans over and over again said they would eliminate they almost eliminated it in one of the budgets It was it was basically reduced to uh Its budget was taken away from it and Then the republicans caved and brought it back right back right back So elizabeth won wants us to dramatically dramatically increase You know what the import export banks and do a hundred times more Billions of dollars because that's what the chinese do so we should mimic china We should have a managed economy Supposedly manage economy like china I wonder if she also advocates reducing regulations to chinese levels We should deploy the massive purchasing power of the federal government to create markets for american-made products So the government should buy made in america Only but i guess Maybe it should buy more than it needs Because ultimately it's got all this money lying around and it could print money the government can print money And deficits don't matter there's agreement by the way on the left and the way the deficits don't matter Modern monetary theory says deficits don't matter. You can just print yourself as much money as you want rush limbo over the last few days said Oh all that stuff about deficit hawks. That was just us playing politics during the obama administration We don't believe in that stuff anymore Deficits don't matter So we left and right given up on deficits deficits don't matter And on and on, you know, we need we need apprenticeship programs. We need to spend 20 billion dollars annually on apprenticeship programs And of course we need again to mimic our international competitors They promote the domestic industries. We don't We don't we need to stop this on fairness this globalist on fairness Now she proposes, you know, these other countries want to think she really really really envies these other countries You know, they all have these great five-year plans Five-year plans they have And it's great because their policy and their vision and they think long term and they develop these five-year plans and To protect their own industries and this is amazing I mean, Japan has it and Germany has it and and and uh, china has it Well, we need she says we need a four-year plan. I don't know why a four-year plan I don't know why a five-year plan. Maybe maybe she realizes that five-year plans are still associated with the soviet union And we still think badly about five-year plans. She wants a four-year plan That's focused on a national job strategy Just like they have in germany and china because germany and china are so much richer than we are They produce so much more than we do Where does this come from? Anyway, that is one's plan for economic patriotism What we need today, what I called a new intellectual would be any man or woman who is willing to think Meaning any man or woman who knows that man's life must be guided by reason By the intellect not by feelings wishes wins or mystic revelations Any man or woman who values his life and who does not Want to give in to today's cult of despair cynicism and impotence and does not intend to give up the world To the dark ages and to the role of the collectivist roads