Fox Business Networks' Charles Payne was outraged that GM was dumping 14K U.S. workers after scoring huge profits. But rather than looking at the policies of the past eighteen months and the president who promoted them, Payne worried that capitalism is in trouble because the American public is going "to get hip" to their "shenanigans" and will elect socialists instead.
Payne joined Tuesday's America's Newsroom on Fox News and discussed GM's decision to dump 14K employees and shut down several plants.
Payne said even though GM's volume went down by 10% in North America, they had record positive net income, record earnings and record selling prices.
"Americans are keeping you in business and you are kicking them to the curb."
When haven't big corporations acted this way? Free market fanatics, like most pundits on CNBC, Fox News and FBN have pushed the myth that trickle-down economics is real. Progressives have been screaming at the top of our lungs about this destructive nonsense for decades.
Payne became very negative for a FBN pundit, too negative for Bill Hemmer anyway.
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