January 9, 2012 Dylan Ratigan

Dylan on the Today Show: U.S. Policies are Removing Money and Jobs from America

Dylan visited the Today Show this morning to talk about the New Hampshire primaries, and why money in politics means that America is not getting the debate it deserves.

“We have yet to have a single Presidential candidate who – with the exception, perhaps a little bit of Ron Paul and a little bit from John Huntsman – but really it’s not happened,” said Dylan to NBC’s Ann Curry.

“No one has explained to the American people why it is that our banking, trade and tax code prevent money from being invested into the innovations in everything this country needs in energy, health, innovation and infrastructure.  Instead, our trade, tax and bank policies – all three of those things, which control the flow of money to America or from America — those policies are basically removing that money, and the jobs as a result,” he said.

What’s Dylan’s solution? Read about it on Bloomberg View — “Encouraging the Right Kind of Greed Among Banks.”  Also, be sure to check out GreedyBastards.com for more info on the book, and a strategy to fix America.

ANN CURRY:  You just heard Gingrich speaking about Mitt Romney.  How vulnerable do you think Mitt Romney could be in highlighting his business background given the sort of anti-Wall Street, Occupy climate we’re in Dylan?

DYLAN:  Mitt Romney’s liabilities as an American businessman are among the highest of any businessman in this country.  There are two types of businesses in this country right now.  There are businesses that are people investing and collaborating to solve America’s problems – people working on energy efficiency, working on health efficiency, working on innovation itself, on infrastructure and problem solving.  And there is a second class of businessperson that was invented in the last thirty years of this country, who exploits their ability to borrow money at the risk to this nation – the same risk that we bailed out in 2008, and borrows that money to do much as Newt Gingrich is describing – to purchase a company, to liquidate the company and take the money for themselves.  And that is a reasonable undertaking – maybe – but borrowing other people’s money to do so, and then taking away other people’s jobs to do so is not capitalism, it is in effect exploitation.

ANN CURRY: So you’re saying this could hurt Mitt Romney, is what you’re saying.

DYLAN: 100%.

ANN CURRY: So that said, as we’ve been looking at these debates – 2 this weekend, 15 total — then what do you think Americans are not hearing from the candidates that they should be hearing, despite all of these debates? Given that you’re a financial journalist.

DYLAN:  We have yet to have a single Presidential candidate who – with the exception, perhaps a little bit of Ron Paul and a little bit from Jon Huntsman – but really it’s not happened.  Explain to the American people why it is that our banking, trade and tax code prevent money from being invested into the innovations in everything this country needs in energy, health, innovation and infrastructure.  Instead, our trade, tax and bank policies – all three of those things, which control the flow of money to America or from America — those policies are basically removing that money, and the jobs as a result.

ANN:  You’re essentially saying there are major breaks in the system.  John Huntsman sort of alluded to this in Sunday’s debate, talking about the need for financial reform in dealing with lobbyists.  But you actually had a huge outburst last August on MSNBC – let’s take a look.

DYLAN RANT: “I’ve been coming on TV for three years doing this, and the fact of the matter is that there’s a refusal on both the Democratic and the Republican side of the aisle to acknowledge the mathematical problem, which is that the United States of America is being extracted. It’s being extracted through banking, it’s being extracted through trade, and it’s being extracted through taxation.  And there’s not a single politician who has stepped forward to deal with this.”

ANN:  Darn Dylan, how do you really feel? In your book, you’re essentially calling on Americans to act.  What is it you think that Americans can do to “take back,” as you put it, this country.

DYLAN:  We are already seeing Americans do it.  No matter what your issue is – whether it’s the environment, whether it’s the prison system and the incarceration of young minorities in this country, whether it’s gun rights, whether it’s asthma, whether it’s the food supply, or corn in the food that’s causing diabetes – whatever it is that you want to talk about, you are being prevented from having the natural redress of democracy and the government resolving that for you because of the dependency our politicians have on money.  Listen to the interview we both just watched with Newt Gingrich.  And what he spoke about was all the money that was being spent.  And Matt was talking to Newt about it – back and forth, one versus the other.  And the fact of the matter is, as long as that money is coming in, that money comes in to prevent policy changes that could adapt us to a new world.  People think that money buys making something happen.  What the money is actually buying is making something not happen at a time when we need a lot to happen.

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