Koch Brothers Declare War On Electric Cars

Koch Brothers Declare War On Electric Cars


>>THIS IS THE ELECTION WHERE WE
ARE FINALLY FOCUSING ON THE CORROSIVE EFFECT ON BIG MONEY IN
POLITICS, AND WE NOW HAVE ONE MORE ISSUE WE CAN ADD TO THAT LIST. AND ONCE AGAIN, IT
INVOLVES THE KOCH BROTHERS. THIS TIME THEY ARE COMING FOR YOUR ELECTRIC CARS. I SAY TO THE 1%
OF YOU WHO HAVE ELECTRIC CARS.>>–>>BECAUSE MAYBE THEY HAVE NEVER
BEEN IN A CAR IN THE PAST CENTURY –>>
THIS IS NOT NECESSARILY A
SOURCE WHO LOVES ELECTRIC CARS, BEING AS THEY ARE IN THE
REFINING INDUSTRY, AND THINKING THAT OBAMA IS TRYING TO DESTROY OIL. WE HAVE A BIT MORE
INFORMATION ABOUT WHAT THEY ARE TRYING TO DO AND WHY –>>THOSE SUBSIDIES CAN BE
SIGNIFICANT, IN SOME STATES YOU CAN SAVE $10,000. THAT IS WHAT
SUBSIDIES ARE INTENDED TO DO, TO HELP A NEW INDUSTRY GET A
FOOTHOLD UNTIL COSTS COME DOWN AND IT IS COMPETITIVE WITHOUT
THE SUBSIDIES. WE WILL CIRCLE AROUND TO THE SUBSIDIES THEY DON’T HAVE A PROBLEM WITH.
AND THEY SAY –>> THIS IS AN INSIDER IN THE
ENERGY AND ENVIRONMENT WILL FEEL. THE REASON WE SAY THIS HAS TO DO WITH THE KOCH BROTHERS IS
IT IS HEADED BY JAMES MAHONEY, CONSIDERED TO BE A CONFIDANT OF
THE KOCH BROTHERS, AND A MEMBER OF THEIR BOARD. HE IS TRAVELING AROUND TO THE
INDUSTRIES THAT CONTROL THE OIL INDUSTRY AND ASKING FOR
MONEY TO RUN THESE ATTACK ADS.>>I THOUGHT THE KOCH BROTHERS
WERE ALL ABOUT IDEOLOGY AND IDEAS? WHAT IS INTERESTING IS, THIS IS THEIR CORPORATE ARM WHO
APPEARS TO WANT TO GO AND LOBBY AGAINST THEIR COMPETITION. HMM.
KIND OF SOUNDS LIKE CRONY CAPITALISM. THE KIND OF SOUNDS
LIKE THEY HAVE A DOG IN THIS FIGHT. IT KIND OF SOUNDS LIKE
MILLIONS, BILLIONS, OF DOLLARS ARE ON THE LINE, AND THEY ARE LOBBYING FOR THEIR OWN PERSONAL
FINANCIAL BENEFIT. IT HAS NOTHING TO DO WITH IDEAS AND
IDEOLOGY. I HOPE YOU WEREN’T THAT MUCH OF A SUCKER IF YOU ARE
A CONSERVATIVE OR LIBERTARIAN. THEY ARE GOOD LIBERTARIANS, THEY
JUST CARE ABOUT THE IDEOLOGY. IT HAPPENS TO BENEFIT THEM TO THE
TUNE OF BILLIONS OF DOLLARS, WHAT A COINCIDENCE. BUT I’M SURE
THEY HAVE GOODNESS IN THEIR HEART. BUT THAT LEADS TO THE
QUESTION OF, AS JOHN ALLUDED TO, YOU ARE AGAINST SUBSIDIES BECAUSE YOU ARE LIBERTARIAN?
WHAT IS INTERESTING IS THE OIL INDUSTRY GETS A LOT OF
SUBSIDIES. ON AVERAGE, THEY HAVE GOTTEN ABOUT 4.7
BILLION DOLLARS IN SUBSIDIES.>>EVERY YEAR.>>EVERY YEAR. DO YOU WANT TO CUT
THOSE? OH, YOU DON’T WANT TO CUT THOSE.
ISN’T THAT A FUNNY COINCIDENCE. ALL OF A SUDDEN THEY ARE
NOT SO LIBERTARIAN.>>AND ALSO WHAT IS THE ARGUMENT
FOR THOSE SUBSIDIES? WHEN THEY ARGUE FOR IT, THEY SAY WE NEED
TO BE INCENTIVIZED FOR NEW WAYS OF DOING THINGS. THAT’S RIGHT, THAT’S WHAT THIS IS.>>AND TO THAT ARGUMENT, HERE IS
WHAT IS NOT A NEW WAY OF DOING THINGS — OIL. IT IS THE MOST
PROFITABLE COMPANIES IN THE WORLD, IT IS NOT A NEW THING.
THIS STRUGGLING OIL BUSINESS, LET’S PROP IT UP BECAUSE IT MIGHT DO US SOME GOOD IN THE
FUTURE. NO, ELECTRIC CARS ARE THE KIND OF COMPANIES THAT NEED
A LITTLE BIT OF SUBSIDIES OR A BOOST SO THEY CAN GET GOING. IF
YOU SAY I DON’T CARE, NO SUBSIDIES FOR ANYBODY, THAT IS
FINE, BUT THAT IS NOT WHAT THEY ARE SAYING.
SUBSIDIES, BILLIONS, FOR US. NOTHING FOR OUR COMPETITION. THAT IS THE DEFINITION
OF CRONY CAPITALISM.>>WHAT THEY COULD DO, AND JOHN
BROUGHT THIS UP DURING OUR PRODUCTION MEETING, WHY DON’T
THEY INVEST IN IT AND MAKE MORE MONEY? INSTEAD OF TAKING THE
MONEY THEY HAVE AN LOBBYING AGAINST THAT, IF THEY INVESTED,
WOULDN’T THAT BE MORE LUCRATIVE FOR THEM IN THE FEW
YEARS THEY HAVE LEFT?>>I THINK THE ANSWER IS NO, I
THINK LOBBYING AND PREVENTING CHANGE FOR AS LONG AS POSSIBLE
— IT GIVES YOU AN IDEA OF HOW
MUCH MONEY THEY ARE MAKING.>>THEY KILLED THE ELECTRIC CAR,
NOT THE KOCH BROTHERS BUT THE OLD CAR INDUSTRY AND THE OIL COMPANIES, IN THE PAST. IF YOU
HAVE SEEN THAT WONDERFUL DOCUMENTARY ABOUT WHO KILLED THE ELECTRIC CAR, THEY DELAYED IT
FOR WELL OVER A DECADE, AND IN THAT DECADE THEY MADE BILLIONS OF DOLLARS. AND WHEN YOU GO INTO
A NEW INDUSTRY YOU HAVE TO COMPETE WITH EVERYBODY. WHEN YOU HAVE ESTABLISHED YOURSELF IN THE
OLD INDUSTRY, THERE IS A CASH COW. AND YOU HAVE THE
POLITICIANS IN YOUR POCKET.>>KOCH INDUSTRIES MAKES $115
BILLION IN REVENUE EVERY YEAR. AND THE OIL REFINING
PIPELINE OPERATIONS –>>DON’T CHANGE THAT SHOT ON
JOHN. IN A RELATED STORY, THIS JUST IN, WHICH IS THE KOCH BROTHER ON THE RIGHT? CHARLES?
IN A RELATED STORY, ROBERT REDFORD WILL PLAY CHARLES KOCH.>>UNFORTUNATELY, THAT IS TRUE.
ONE MORE THING ABOUT THIS — IF YOU SUPPORT THE OIL INDUSTRY AND
YOU KILL ALTERNATIVE ENERGIES, YOU KNOW WHO ELSE YOU HELP? SAUDI ARABIA AND THE MIDDLE EAST
AND WAHABISM. REMEMBER, ISIS, WHY DON’T WE BOMB THEIR OIL?
THAT’S WHAT TRUMP SAYS. THE KOCH BROTHERS SAY LET’S KILL ELECTRIC
CAR SO WE CAN HELP WELL, I MAKE MONEY, SO DOES ISIS, SO DO THE
SAUDIS, I DON’T CARE. BUT REMEMBER, THE KOCH BROTHERS,
THEIR ORIGINAL FORTUNE CAME FROM THEIR DAD, WHO WORKED WITH THE NAZIS AND STALIN. THAT IS AN
ABSOLUTE FACT. YOU THINK THIS FAMILY HAS PROBLEMS MAKING MONEY
IN MORALLY DUBIOUS WAYS? ISIS IS NOTHING COMPARED TO THE NAZIS.
THIS IS WHAT THE KOCHS DO.