tv Andy Puzder The Capitalist Comeback CSPAN September 2, 2018 6:30am-7:31am EDT
worldwide more than any other time in world history and it's because offree-market capitalism. that's not a word we should shy away from, not an economic theory we should shy away from. it's something we need to teach our kids at the high school and college level because they are not learning about it which is one of the reasons i wrote this book . so that there's plenty of time for questions, all i'm going to say is may god bless each of you, my god bless the president of the united states and may god bless the united states of america . [applause] >> i need plenty of time for questions because igenerally give very long answers .
>> you want to go up to the microphone. i know people in the back can hear you or not . >> i was here last year and, was it before the election and anyway, they said that hillary was the favorite for winning and i never did understand that and to me, it would be horrifying if she were to be president but what do you think? what kind of policies do you think she would have? >> she told us, she was going to continue the policies of barack obama.i initially got the contract to write this book in 2016 oh well before the election. we all thought hillary clinton was going to win the
election so the working title was the depth of profit and it wasn't the capitalist come back, it was how the american dream was the being destroyed against president obama and under four years of hillary clinton. she would have been a disaster and i think one of the most important things is she would be right now appointing to the united states supreme court judges who regard the constitution as a blackboard, something where you can erase what it says and write whatever you want rather than the great and very talented strict constructionist judges president from is now able to appoint . the regulations would be worse, not better than they are. businesses would remain scared to death. on the day of the election, business optimism like this. the federation of independent businesses does what's called the optimism index and it went up 3.5 percent. it's been at historic levels ever since. i talk to some of our franchisees and they say we haven't done anything yet, what's with the optimism and the response that i got was andy, we are not waking up at
3:00 in the morning wondering what massive piece of legislation or new regulations are going to come along that makes it more difficult if not impossible for us to make a profit and run our businesses it would have been a disaster had she been elected and i point out the same people who told you hillary was going to win the election are telling you the democrats are going to do really welland the election in november and the reason the polls were wrong in november 2016 was because people were afraid to speak . there's so much vitriol that the attacks on people who supported trump were so intense. let's say you're at home and you get a call from a guy. i'm bill from gallup and i'd like to know how you're going to vote in the election, what
are you going to tell him? i'm not a hillary clinton supporter, you're not going to tell him what you're thinking and i think the polls are wrong for the same reason. but don't listen to me, if anything, what i said would discourage you from voting. we need more senators in particular, hopefully we will hold thehouse but we're having such a hard time getting people appointed without enough senators . >> as far as back in roosevelt's time, i think the depression lasted so long because businesspeople were afraid what the recommendations were going to be. there's a great book called the forgotten man by ian shales which is a really good book. it's what lessons could you bring forward from the confirmation hearings? and the process that you went through. we all read about it, we really don't know a lot of details about what happened . >> the one lesson i walked away from is the next time people tell you you can't defend yourself, ignore them. i was told that when you're
nominated for a cabinet position, you're not supposed to talk at all. jeb bush weeded the day of my nomination , he said andy, congratulations, you will bea great secretary of labor . i tweeted back thanks jeff and the transition committee went not. you're not supposed to say anything so i had to take these attacks. and the second thing is, don't think that the truth is going to matter. i thought the truth, my wife had made allegations of abuse in our divorce ready something years ago and within a couple years once all the anger died down, she came out, admitted her lawyer made her do it. he was different politically than me on certain issues and he wanted to destroy me. so got her to make these allegations. she was young, i was a lawyer, she was afraid and she's been sorryabout it ever since . she's been on tv about it, she wrote a letter to congress about it during the
confirmation process saying he was a great guy, he never abused me. if you lie to congress during a confirmation proceeding it's a crime and my former wife and i are good friends but she doesn't like me that much, she's not going to risk going to jail. we had hired a person who was here that was undocumented housekeeper. i thought we were using a service when my wife told me she was not legal. i said i'll try to help you get papers but if you don't have papers, you can't work for us. this is during the obama administration. and so the next day she left, she was afraid she'd be deported and she had kids here. so those were the two things they hung around my neck and the truth didn't matter and i couldn't get out and talk about it. when you're you're a conservative, you can put things on the wall street journal or maybe fox, if you're a liberal or
progressive you get the new york times, washington post, cnn, abc. so if they attack, you can't defend yourself and you got a problem. my lesson would be defend your self and don't count on the truth being a savior. >> thank you for that advice. and thank you for staying in the fight even after these bad experiences. i want to ask a question i asked judge napolitano at lunch. you mentioned the three and the clock in the morning problem, businesses don't know what's going to happen so we have a good 2 and a half years or 6 and a half years or if mike pence takes over we have a longer run but they're up in the rafters waiting to come down and eat our lunch next time there's a progressive president and the american economy may not grow
at enough of a rate until we cure that problem so i'd like to ask, do you think that perhaps part of the solution could be making trumps regulatory reforms permanent by requiring constitutionally that regulations, major regulations have to be approved by congress instead of dictated by the bureaucrats, whether or not you've heard of an effort that's been unanimously endorsed by the rnc with the approval of the white house for a constitutional amendment called the regulation read amendment which has been endorsed by, mike pence was the first to supported which would require that regulations be approved by congress. a theory if you get two thirds of the states and the majority of the public, every time that happened in american history, congress has proposed the amendment without a convention. what have you heard of that and what you think about the idea? >> it's a tough road to get a
constitutional amendment. you really have to get massive support but i think we've already made a lot of progress in that respect and we will make more if we get judge cavanaugh approved because we now will have five members of the supreme court who believe that the fourth branch of government, the administrative state has gone too far and they've already begun to rain it in. there's something called chevron deference where they give deference to the decisions of agencies on certain events and we now have five judges who don't think chevron is such a good idea.
so i think that the supreme court would be a huge help, bringing us back to what the constitution provides. this administration, it was something that woodrow wilson proposed in the 1880s and teddy roosevelt began to implement and wilson after taft was president. wilson continued that effort but we need to take apart the administrative state. it's out of control, even when you're president, you can't control it. what happened at the end of the obama administration, there are two kind of employees, political employees and a permanent workforce and you can change the political employees but you can't change the permanent workforce so they were taking appointees and making them part of the workforce so when you get in there, you take over something like the department of labor and you've got maybe 10, 15 people working with you and a department that's completely opposed so it becomes very difficult , it's unmanageable, it needs to be reduced and controlled andthe supreme court is the best way to do that. >> i think the idea of having regulations is terrific . and credit trump with a tremendous reversal of regulations so far but i think if you had congress ruling on these many hundred thousand regulations, they would really become a
do-nothing body. i think we were supposed to announce ourselves and although i'm shy, i will tell you i'm fred kilborn and i wanted to say happy birthday to you and to point out that tomorrow, my wife turns 68. >> 1950. >> that's right and neither of us voted for trump but we will given the opportunity again. we are very enthusiastic supporters, mainly because we are both actuaries and we deal with objective evidence on the ground in order to support conclusions that we are not free drawn before we did our work. i wanted to toss out what i've taken to saying to really bring home, i think, the point that trump is not only not the devil that is being portrayed in major
media but also somebody who has come at exactly the right time for this country. so i've taken to calling him our secular savior. i don't want to say savior alone because that will bring down the wrath of the religious people on me but i think if hillary had one, this country would be done and he has temporarily anyway and maybe permanently saved it so i consider him to be our secular savior. >> the right person at the right time, i absolutely agree. but he's actually a pretty nice guy. you remember during reagan's administration, all of you will remember during the eight years of the reagan administration, all the press could talk about was how
stupid he was and this is guy who fixed the economy, brought down the berlin wall and got george bush elected, george hw bush elected to a term but they talked about how stupid he was. when a president leaves office, they generally, people become more sober about him. george hw bush is being more highly regarded. i think obama who was touted as the most intelligent man to sit in the white house has come down in many peoples esteem so we will find historically trump dealt with more fairly than currently . >> my name is glenn bronson. i'm an entrepreneur. >> you will be much richer than me. >> i worked on both coasts with 20 something-year-old, mentoring them and gone through several bubbles, the first tech bubble in the 90s and one of the best ways to stay ahead of government bureaucracy is to go forward, they are too slow to react to so you have this window of opportunity for they catch on. one of the things that was
said, one of the things that i'd like to comment on, one of the things that i do feel that has been experienced and that does need government regulation is the financial system and maybe your son would beg to differ on that. what it is is that especially as an entrepreneur, many startups fail, many new ideas fail and we all want to be free to try new ideas, to fail or to succeed. if you do that in the financial system, failureis catastrophic . just imagine a parties where you don't have the finances. with their creativity and their freedom with these financial instruments has pulled the rug out from under you and everything else. and we feel even in tech we see it happening again because some of the regulations that havebeen withdrawn, we in the 90s had conversations that this can't
last . the tech is booming like in the 90s but i will not complain about that. but we see it again. we see it again at least in tech and the people who are doing it and we can see it happening again in terms of these collapses and i'd just like your opinion on the need or the requirement or the role in regulation and the financial institutions. >> it's important to have regulations in financial institutions. you don't want people running amok but we already have laws that govern all those entities. the problem with something like dodd frank was it was put in place to keep the big banks under control, it wasn't put in place to kill little banks but it did because theircompliance costs were so high and the major banks lobbied for this and got the asset level at which dodd frank applies taken very low, it was supposed to be 50
million. it was a low amount . and so we lost 1600 community banks and all we've done is make the bank of america, all we've done is make those banks much stronger than they were so regulations, the economy is like a balloon. you push in some places it's going to pop out someplace else and the problem with government regulations is government is bad and anticipating where things are going to pop out if you need to stop it and it's straightforward, you should do something to stop it, otherwise you have to leave the system alone. nobodyread that bill, nobody understands it . you're going to leave law review articles trying to explain paragraphs of the . so government regulation, there's a place for it. there's a need for it in certain instances but it should be as limited as is mentally, emotionally and physically possible. >> i'm going to sign books after this for anybody if you bought a book already or
wants to buy a book, i'mhappy to sign whatever you want afterwards . >> i don'tlike to address the millennial's . >> me too. >> the most profound moment for me and listening to you related to, it was the era. it was -- you were from a working-class or working people and when you could see that there was another possibility, you didn't envy it . you could see that youcould create that path and that was marvelous . you said your wife said that in your book you have all this, she called it history. it was not history, it was the second half of the 20th injury. >> for some people, that's history. not you and me. >> but what i'm trying to say, millennial's understand tory. they would understand that story and if there's a way that you could help the millennial's, i'd like to
hear what your wife said because it sounds like she understands this the way the millennial would understand it. >> there's a group called the young americans foundation and also charlie kirks group, turning point usa which has large groups of high school students and college students and i addressed why af groups twice. i addressed them oncein santa barbara and once in the washington dc the end of this month and i was going to do turning point . but we're moving our house in tennessee next week so i can't but i take every opportunity i can to speak at those events and the books move pretty briskly, which is a positive. it's just getting kids to readthem. it's harder to get them to read things that are longer than five minutes . i've been on the advisory board for jerry prager and they do a marvelous job of
reaching young people hopefully wewill be able to reach more and more . >> i teach college, so i got to see a lot of young people saying that they liked bernie because he was going to give free college education to everyone . now, i tried various tactics to discourage this because after all, it's not that simple. free means prepaid and who paid for it? the fact that even if bernie got elected, they would be out of college for the policy got implemented made no difference whatsoever. the one thing that i did say to them that finally got their attention was to say, so you want college to be just like high school? and that was like, oh no! that is not what we want it all.
i was like, but you'll have it and that made sense to them. the big problem is we have a hard time remembering how very young they are . you have to hit them with something that they have experience in and that's what i think made that particular argument work for me. >> it was very good. getting them to think isn't easy but anything you can come up with is good. well, they've been taught not to think. i don't blame them. when i was a student at kent state in the late 1960s, early 70s and graduated from cleveland state, there was never a timewhen you would have protested somebody speaking on campus. berkeley was the heart of the free speech movement . now you have to protect them. i've got two sons in college and they are done hearing about white privilege and that they can't listen to
anybody other than the people who agree with the people at the school it's a big problem. >> jim ratliff. question on trying to make government more efficient. many of the employees are, my understanding, frankly guaranteed jobs. you made the reference that you maybe have 15 in your departments and your appointed but everyone else was a -- >> government union employee. >> what suggestions or options do you see on changing that situation? >> one thing we should do is i think there should be abolishment of the federal government employee unions. i don't think federal government employees should be unionized. franklin roosevelt agreed with that. yes? i think we need to get rid of those unions and if people
are doing the job, they need to be held accountable like they would be in the private sector. used to be we attracted people in the public sector to take lower salaries they would have job security and these great benefits when they retire. now they're making more than people in the private sector on average so that justification has disappeared . i'm a supporter of private-sector unions. i think they're good. i'm not a supporter of public unions, they should be abolished. >> there was a supreme court ruling have any impact on that? >> that will help a lot and there's also, hhs came out with a ruling just last week that said, it's a proposed rule that came out that said that state unions can't take medicare funds or medicaid funds from the people who perform home healthcare services. believeit or not, that's a multimillion dollar it to the unions .
because they've been taking, they've been getting these home healthcare workers who by the way, often it's for their kids or relatives they work for, that's who they are providing the service to and i don't know whether it's going to be a walkout strike against your child when you're the only employee but they're going to make it so you can't, they're going to change the rule, obama changed it already and they can't use those money for union dues so that will be huge. theyare being arraigned in . >> thank you everybody. [applause] >> andy will be signing books in the hall. >> look up there, just about on time too. i will sign books for anybody who was like one side. >>. [inaudible]
>> c-span, where history unfolds daily. in 1979, c-span was created as a public service by america's cable television companies and we continue to bring you unfiltered coverage of congress, the white house, the supreme court and public policy events in washington dc and around the country. c-span is brought to you by your cable or satellite providers. >> good morning you all, you all almost made me cry. maybe i'm not a morning person. i'd like to thank everyone who made this possible because i know a ton of work must have gone into making this happen and i'm so very grateful to be a part of it.
thank you to the mississippi art commission, the humanities council, everyone in the state government who allowed this, helped make this possible. and i hate to do this, but my prepared remarks are on my phone so i apologize for being rude, but here we go. everywhere i go, journalists asked me why i chose to return home to mississippi. i recently wrote an essay about it why i left mississippi's often violent history of racial equality and came to the conclusion that it is the beauty of the place and the fierce fight and inherent good of so many who do everything they can to make a better future for
mississippi that make me feel better about my decision to return and even though i felt fairly satisfied with that answer in my essay upon finishing it later, when i looked at the essay , like many writers, iss my work and found it unfinishedand incomplete. why? i really realize my decision isnot final , not result . my return home is not a question answered by an essay but is instead a live question with a lived answer. that every day i am here, i am wrestling with my commitment to living and writing about this place. every day when i set pen to paper or drop my kids off at school or visit my local park , i am asking if it is right to be here in mississippi speaks to me in reply. she speaks when the spider lilies bloom and reach like a white hands from the dark water of the bayou. she speaks in the smell of burning oak leaves permeating the air in the fall when the moon is like a soft egg on the shell of the clouds. she speaks in the glint of
the sun before sunset which turns the water gray and metallic as the night. she speaks when i jump into the river and the current closes over me, turning the world to an amber's will. when i was a child, mississippi taught me many things. it taught me to grow up hungry for food and comfort and that the long arm of history wraps around all of us every day and squeezes tightly, a discomfiting hog . it taught me that many who call this place home and all people of african descent are immeasurably less but this place also taught me what it was to grow up satiated by love of family, of community. it taught me to love language, and the connection it engendered. it taught me that it never only spoke the language of oppression, of hate, that could speak love to. it could speak tenderly with gentle hands.
mississippi speaks when my grandmother hugged me to her and eileen into her and close my eyes, inhaling her perfume , feeling her long white hair on my face, a wispy caress. she speaks when my nephew drives me home and the place songs he wants me to hear, dark eyes watchful for my approval, a quick smile when i say yes, i like this. she speaks to my son and the path his leg and holds out her head and my son takes my sons paul and her, both of them tender and assure on their grip on each other. mississippi speaks and i listen. i put pen to paper and i answer. every word and an, every word and affirmation. this is home. every day i return. thanks for teaching me to love language, to love stories, the love that which binds us one to another and thank you for inspiring me, for being the place i can
return to . where i feel more myself than anywhere. where i know i am loved. thank you to my family and my community for protecting me. thank you for this great honor and the honor of writing about you. it is a great responsibility and i hope to bear it well, to make you proud, flush with joy. to make you remember, we are walking together a little easier while we havethis time under this the sky, under these trees . thank you, thank you, thank you. [applause]