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Icahn Enterprises Chairman Carl Icahn on the Federal Reserve’s decision to keep interest rates low and how the government can incentivize businesses...
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-- investor Carl Icahn what He makes of what the Fed said.
What do you make it a com.
Well I I think that Bernanke is saying he's -- you know the -- can't carry this themselves anymore that.
If you're really needs some stimulus from the government but not but I don't believe that means that they have to spend and have a deficit I believe that the government.
Ever said to you before -- is there is.
They think they must incentivized business you have a trillion dollars sitting on on balance sheets of business.
-- you must make them your friends.
And you must make business feels.
Very comfortable in this country which they don't feel now with with the with the press is administration.
I don't see that happening I mean you're closer to these guys and Oliver big Carl but I think given the -- the -- the conduct and now the downgrade.
What is to compel any of these business -- many of them no big fans of the president already.
Has suddenly.
Start investing with a band.
Well it's it's it's really.
Just the vulnerable profit of profit right I mean in other words of your business -- -- -- CEO.
Do you what you wanna do as well as your -- this company hopefully I mean I -- I'm I've built great been a corporate governance and I've been a critic of it but spilled.
You know businesses are run so much better than any to the government can do it and and and so the business.
Will it best I think if you incentivize more and.
What is incentivized -- I mean when -- I don't know it's time now I got it but many now hundreds of think when I was in Washington to what you were saying about.
Giving businesses as the reason that was tax wise and otherwise to expand to invest -- on -- elaborate on -- Think there were only eight exactly I mean you're you're you -- -- your depreciation rate for any yes factories which ability.
You go we have and Q do you work.
If the vote for the business repatriate some money and builds and builds -- but it's.
Those factories you you would do -- -- devised by giving him a 10% tax breaks something ought to taxes -- words.
-- -- -- tax a business you're really only -- really the blue collar worker because of blue -- work all these businesses by and large group pension plans.
And you know -- if you're taxi.
The middle class individuals to buy stocks people don't understand that.
And so you'd -- -- this populist.
Mumbo Jumbo about the fact that -- OP -- -- -- look at all the money this is -- -- that money that they're making is really belonged to the pension play and so by the way underfunded Tuesday.
So what do you make them when the president says or He gives to bring even after the -- that downgrade things and business is titans and then hedge fund guys.
Companies that are -- being.
Aren't paying their fair share of taxes well they're still is a great deal of it typically.
Blood let me say this is of this more than a subtle difference between most of put it.
I -- -- -- but some extent talking about.
Wall Street individuals hedge -- operators.
And it pain you know look a lot of these -- my friends that'll say that I say to them.
They make too much money -- don't know I don't but I did I lowest since -- gathered with that's the big mistake in that's that's mumbo Jumbo and that's this.
Propaganda.
It's -- as we -- Our business.
There's -- a hedge fund operator of our businesses out be a make it which is -- and those but that's we get employment.
And a big mistake but not a mistake but -- but the big propaganda here is that they obviously -- and you.
So we you could say I want it.
Tax marriage -- operate aboard I know some of these guys get a Allegra yet but there's a good point to that I I can understand that org you know I'm not at all acuity what.
But I am arguing that you don't want to.
You what we've -- device business -- experiment not accept because business -- -- really don't like to pension plans that are really old.
-- but middle America and what you have to do.
Is get these guys these businesses.
Towards -- and it's not -- what you get that will be.
You know what pulled us out of of the depression -- was thirties was.
The fact what's the fact that you know you you have a public works program that was a factor -- -- war.
And we had a war you started employee PP you sort of building factories.
And that you and and and data.
You want -- but you don't wanna start a war but you want to go in and incentivized business to spend -- spend and spend and the way you do that.
Is to give tax breaks and and make steel but you know these tax breaks our capital is very -- -- big do it now if you do -- value by definition.
My message is -- -- other words don't make -- a permanent deal just outright quick that's it just.
Red -- and you go in and say -- this year you can get this tax break.
And then just -- -- by the way you get up -- that was by that because you know you really need you you'd trust today you wanna get employment.
And that would stimulate employment and if it doesn't so watch.
You give a tax break if they build a factory they don't you don't have the employment they don't have the tax break anyway.
But it but it's not obvious strike I mean what a lot a lot of things so there are obvious and yet.
Stir some reason that not acted on -- in this environment and I that's the trouble we have yeah and and you get and -- getting.
There's propaganda here well like yeah -- not even saying that they mean to work.
Obfuscate the issue they just.
I really think that that it.
It honestly a lot of these Democrats believe the fact that businesses should be taxpayer -- a you should be at war with them and you shouldn't be at war this.
Business is -- -- a picture of employment.
They'll announce they don't see that I there is a collective read of that but Carl points all taken and and and respected.
Thank you -- very good day hearing again a good talking to you get -- already sold Carla.
