EVERY SINGLE TIME?
LET'S BRING IN BILL McGURN
FROM THE "WALL STREET JOURNAL"
HE IS ALSO A FOX NEWS
CONTRIBUTOR.
TO HELL WITH THE FOUNDING
FATHERS.
THEY HAD NO IDEA WHAT THEY WERE
DOING, TRYING TO BALANCE THE
LITTLE STATES WITH THE BIG
STATES.
WHAT DO YOU THINK?
SHOULD WE GET RID OF ELECTORAL
COLLEGE?
WHAT WOULD THAT MEAN?
>> THIS IS CLASSIC DEMOCRAT
PRESCRIPTION, THE WAY THEY DON'T
LIKE THE SUPREME COURT BECAUSE
OF TRUMP'S NOMINEES AND
REPUBLICAN NOMINEES.
LET'S EXPAND THE NUMBER OF
SUPREME COURT SEATS OR
SOMETHING.
THE ELECTORAL COLLEGE ISN'T
GOING ANYWHERE.
IT'S A GOOD CHECK, IT IS MADE TO
BALANCE POWER IN THE U.S., TO
MAKE SURE THAT THE SMALL STATES
ARE NOT JUST OVERWHELMED BY A
FEW VERY LARGE STATES.
MELISSA: YEAH.
I MEAN, YOU COULD JUST, IF WE GO
DOWN THIS ROAD WHERE YOU JUST
LET THE BIG STATES CONTROL
EVERYTHING, YOU CAN SEE ALL KIND
OF THINGS CHANGING.
IF WE, YOU KNOW, UNDID
EVERYTHING THAT THE FOUNDING
FATHERS HAD MADE ALONG THIS WAY,
I MEAN, GOVERNMENT FUNDING, WHEN
THERE IS ALL KINDS OF THINGS.
IF YOU STARTED DOWN THIS
SLIPPERY SLOPE, WHAT ELSE COULD
YOU SEE HAPPENING?
>> RIGHT.
LOOK, THEY'RE TRYING TO SAY THAT
IT'S A LEGACY OF SLAVERY.
THAT IS EVEN NOT TRUE.
THEY'RE CONFLATING 3/5
COMPROMISE WHERE SLAVES WERE
COUNTED AS 3/5 OF A PERSON FOR
CONGRESSIONAL REPRESENTATION AND
TAXATION.
THEY'RE NOT GOING TO GO ANYWHERE
BECAUSE THE SMALL STATES ARE NOT
GOING TO GIVE THEM THE VOTES
THEY NEED TO DO ANYTHING TO THE
ELECTORAL COLLEGE.
IT'S A GOOD CHECK ON DEMOCRACY.
FOUNDERS WERE VERY BIG THAT WE
WERE A REBUBBLE AS WELL.
-- REPUBLIC AS WELL T INSURES
BROAD DISTRIBUTION.
ELIZABETH WARREN, DONALD TRUMP
CAMPAIGNING IN TEXAS, NEW YORK,
CALIFORNIA, ILLINOIS, MAYBE
PENNSYLVANIA, RIGHT?
THE OTHER PLACES WOULD BE REALLY
BE FLYOVER COUNTRY.
MELISSA: YEAH.
SOME OF HER OTHER PROPOSALS
REALLY SMART, SHE WANTS TO
CREATE A DEPARTMENT OF ECONOMIC
DEVELOPMENT.
I CAN'T THINK OF ANYTHING THAT
WOULD STIFLE GROWTH MORE.
>> I THINK, THE HISTORY IS,
DEPARTMENT OF EDUCATION,
DEPARTMENT OF ENERGY, HAVE THOSE
FIELDS ACTUALLY GOT BETTER WITH
THESE DEPARTMENTS?
WOULDN'T WE BE A LOT BETTER OFF
IF WE DIDN'T HAVE THEM?
IS THE IDEA REALLY THAT THE
FEDERAL GOVERNMENT IN
WASHINGTON, D.C. KNOWS HOW TO
ALLOCATE CAPITAL BETTER THAN THE
MARKET DOES?
I THINK THAT IS A --
MELISSA: LITERALLY THE OPPOSITE
OF FREE MARKET PRINCIPLES AND
SHE ALWAYS SAYS SHE IS IN FACT A
CAPITALIST.
JUST CONSCIOUS CAPITALIST,
WHATEVER.
BUT IF YOU WANT TO DEVELOP A
DEPARTMENT OF ECONOMIC
DEVELOPMENT, YOU ARE DEFINITELY
NOT.
SHE SAYS THAT COMPANIES SHOULD
BE MADE TO SERVE THE PUBLIC
INTEREST.
>> RIGHT.
WELL I SORT OF THINK THEY SERVE
THE PUBLIC INTEREST NOW, HOW DO
YOU MAKE A PROFIT?
SERVING THE PUBLIC.
MELISSA: YEAH.
>> IF YOU DON'T SERVE THE
PUBLIC.
IF YOU DON'T PRODUCE GOODS AND
SERVICES THE PUBLIC WANTS, AT A
PRICE THE PUBLIC IS WILLING TO
PAY YOU WILL BE OUT OF BUSINESS.
SO, AGAIN THIS IS JUST, THIS IS
JUST THIS BELIEF THAT A RULING
CASE OF PEOPLE IN THE FEDERAL
GOVERNMENT NO BETTER THAN THE
HUNDREDS OF MILLIONS OF
DECISIONS MADE EVERY DAY BY THE
AMERICAN PEOPLE.
MELISSA: YOU KNOW, THAT SORT OF
HITS THE NAIL ON THE HEAD WITH
THAT ONE.
IF YOU SAY COMPANIES SHOULD
SERVE THE PUBLIC, HOW DO YOU
MEASURE THAT?
>> I THINK IT MEASURES BY WHAT
ELIZABETH WARREN WANTS.
MELISSA: RIGHT.
>> THAT FREQUENTLY IS WHAT A FEW
MANAGERS WANT.
SO THE ENTIRE COMPANY IS USED
FOR THEIR PURPOSES TO SUPPORT
THEIR CAUSES.
WHERE WHEN YOU, WHEN YOU GIVE
PEOPLE WHAT THEY WANT, PEOPLE
ARE HAPPY WITH THE PRODUCT.
THE PROFITS GO INTO A LOT OF
PEOPLE, BENEFIT FROM IT.
I THINK THIS IS VERY DANGEROUS
GROUND.
MELISSA: NO, IF THEY AREN'T
SERVING PUBLIC, THEY GO OUT OF
BUSINESS.
>> RIGHT.
MELISSA: WITH HER, SHE IS SAYING
THAT THEN THERE SHOULD BE SOME
PEOPLE IN WASHINGTON WHO GET TO
SUBJECTIVELY DECIDE WHETHER OR
NOT THESE COMPANIES ARE SERVING
THE PUBLIC INTEREST.
AND, IF IT IS HER, THAT IS GREAT
FOR HER.
BUT THEN SHE FORGETS THAT IN THE
NEXT ADMINISTRATION, IT COULD BE
REPUBLICANS THAT ARE DECIDING IF
COMPANIES ARE SERVING THE PUBLIC
INTEREST.
AND YOU KNOW, THEY COULD PUT,
YOU KNOW, CLEAN ENERGY COMPANIES
THAT AREN'T, YOU KNOW, THAT ARE
JUST SURVIVING ON THE
GOVERNMENT, THEY COULD PUT THEM
OUT OF BUSINESS.
SHE FAILS TO SEE HOW ALL OF
THESE THINGS PUTTING IN PLACE
COULD BACKFIRE ON DEMOCRATS NEXT
TIME AROUND.
>> NOT EVEN BACKFIRE.
THINK OF WHAT THE GOVERNMENT
RUNS.
THE PUBLIC SCHOOLS IN NEW YORK.
I MEAN, THESE ARE THE THINGS,
THE PROBLEM IS, WITH ONCE YOU
GET ON THE GOVERNMENT SUBSIDIES,
THEY DON'T GO OUT OF BUSINESS
FOR THEIR FAILURE.
THEY STAY IN BUSINESS FOREVER.
THE DIVISION OF MOTOR VEHICLES,
IRS, TRY TO NAME A SERVICE THAT
THE GOVERNMENT RUNS THAT WE ALL
THINK, WOW, THAT IS REALLY GOOD.
MELISSA: YEAH.
>> MAYBE THE MARINE CORPS.
MELISSA: THERE ARE SOME GOOD
PUBLIC SCHOOLS IN NEW YORK BUT
THE POST OFFICE, HMMM.
I DON'T KNOW ABOUT THAT ONE.
