October 13, 2013

Why does Fox "news" hate Americans? During their Saturday "business block," Cashin' In guest host Eric Bolling and most of his panel did their best to do an infomercial for Walmart -- and to trash the protesters who have been out there demanding higher wages for their workers. And if that wasn't bad enough, their regular, libertarian wingnut Jonathan Hoenig called the very notion of companies like Walmart buying made in America products "un-American."

I'm not going to transcribe all of this mess, but here's some of the worst of it, where they were blaming the protesters for Walmart deciding to expand into China, and attacking labor unions, which is their favorite sport along with attacking poor people on Faux "news" on Saturday mornings.

BOLLING: Did these protesters just put more American jobs against a wall? Well, ask Walmart, because now the retailer is looking to expand in China. Now Wayne, is the anti-Walmart movement, is it costing American jobs? […]

Jonathan, Walmart, I would say if anything embodies the free market, free marketeers, it has to be Walmart. These guys are anti-union. They want low cost services, goods and they bring it to places where people would not necessarily be able to have those things, in the rural areas of America, in the American DNA.

HOENIG: Yeah, and create a tremendous amount of wealth Eric in the process. I mean, China should be happy Walmart wants to come and set up shop. Residential real estate values actually rise wherever Walmart builds a store.

You've got people lining up to shop there, people lining up to work there, so to Wayne's point, protesters and unions both love to use government to try to clamp down on Walmart, but they're clamping down against people actually achieving their values, getting great values for their dollar and getting employment, not to mention great returns for share holders as well. So, it's pretty sad that Walmart's getting better treatment in China than they are in the US. […]

BOLLING: So let's talk about this Jonathan. You're a free marketeer guy. Now Walmart says, we're going to focus on buying made in the USA, so companies make stuff overseas, they would rather buy from them if they open a plant in America. Are you okay with that?

HOENIG: I'm actually against that Eric. I think this whole notion of buy American is actually un-American. American companies should buy the lowest quality product... excuse me, the lowest price product at the highest possible quality. If they happen to be made overseas, that's even better. It allows Americans to save money and those resources to be more deployed, and more profitable in productive ways.

Maybe we can get Jonathan Hoenig to move to China along with his buddies at Walmart -- and take Bolling with you please.

h/t Media Matters

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