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Published: Mon, 8 Jun 2009
Description: News Corporation CEO discusses health care, taxes, jobs
Automatically Generated Transcript (may not be 100% accurate)
" On paper he has lost billions but Rupert Murdoch more concerned about a country that has lost a lot more. Paying for so much so fast that it has so lost track of all of it which has it -- scored 200 C you know and only on my boss. Feeling sick on the very same day the president's talking up something else health care."
" He is going to be looking at getting. Health care reform -- very quickly including a proposal that he hasn't entirely ruled out. Where health care benefits you provide your workers. Like myself would be tax. What do what do you think of that I mentioned and only bill a lot of other CEOs and -- in the same seat it's only. When push comes to -- it saves us money longer term. Or we can shift a lot of our burdens off to the government world for."
" I think it's a huge tax increases. And I think that. I'm not convinced yet that these so called reforms of putting in a -- eventually. Reduce the cost of health. In this country we have to do a lot more in this country about prevention I think. And it we have a comic unhealthy. Our lives that we spend more -- health it out lot of -- in this country is not. -- And it's what we eat sway with the highest. It's easier for what the presence trying to do -- Just not well on prevention -- said preventive things yes on all these new systems of health. I don't know -- enough about it."
" Would it any of this make you less inclined to offer generous. Corporate insurance benefits to your workers. If it was going to be taken over by the government anyway."
" And I would there's the government on -- and -- matters this question what we gonna pull it. And down. The front about the welfare state is as it as advanced in Europe -- become. Is that people feel that the government owes them a living they don't have to look. We've sent some reported -- out of south Wales have. They said there's any 6% unemployment only got there there was an additional 16%. Of people. Who it. Permanently disabled. On full pensions. An extra pensions are being disabled. That -- disable the total. And you know what I just run and in a marathon. It spit it it's a joke. When people -- run a marathon was getting benefits getting benefits have been disabled. My point is that if you depend -- on the stage you don't depend on yourself you don't get. People wanted to work. Two by two to say -- to even to stop businesses. I'd have to a democratic strategist -- incorporated said the message to mobiles is -- where we're coming after you. Of that you -- with a money lies taxing you is where the financing lines and that it knows is not going to be a good few years from moguls and and by extension maybe people who weren't nearly moguls -- are in that top. 1232 so the what do you think of that. I think it's nonsense I would there's not enough money -- looked papal wanted to. Taxes are gonna have to go a lot deeper if Dolan chief. Everything that sent -- to a lot deeper include a lot more thoughts yes yes. I'm -- and don't have enough money the paperless. And you know today the London -- they're the ones that helped create jobs. That backed startups. And what you're going to see in this country -- as it -- in the pops. Is business formation. Small businesses study group getting out on the around. And clung ten people twenty be -- some of them failing some of them growing -- great corporations. That big great corporations and -- people. I was to get to a certain size it thinking that have been cut down had to get more efficient."
" On your it is -- to -- page one banner headline today about China demand an old PCs sold in the country. As of July 1 these -- with software that blocks I guess offensive material pornography -- but a lot of other. Human rights groups immediately seized on that as a sign that they want a sense reverend. -- a lot of business there."
" I'm not wherever could be -- businesses -- so -- that it doesn't matter you know -- media. Is not generally welcome there. That there are opportunities to have 5% of this sort of destined. It in new -- things that are happening then but there's no. You cannot do in NC stat newspaper television what what can -- left or whatever it what do you have left there about what what of the pivotal television channel which we make it Shanghai which is -- Allowed to go on. The cable networks as in the southeast. Two it could be limited audience so when you look at Doleac was it in response to. These that the government efforts that -- or know. Well you have to get licenses to do everything and we didn't realize until it's we have a we have a license from my space there. And that will grow and we have PM. In a very good side is an American computer company were to decide all right we'll should do these -- block. This type of material what would you think of them what would you say about whether I would have no option that would be that is feces -- pieces. And I don't object that you don't object to them then signing under that deal in order to -- I have exposure to that market I you can't expect. Great companies like to know tuna packed. -- It's two biggest too big a part of the world."
" This is less -- we were together. -- perceptions of the new world doesn't seem to ever. Bother you but when you've been criticized in the press. I think you and Roger -- seem to take it -- water coming down your back but nevertheless. Does it -- when you've established this news and media empire. It's pretty much the envy of the world right now. And you're kind of like the Rodney Dangerfield is not getting that respect."
" None of east and you know it's -- this time. We criticize people and some out pretty nicely and we're going to expect some back. And when you get to our age. It it to -- and expect. Are but they they always do everything in not thereabouts not not not -- both sides and they're not what they said but -- down -- that -- that's obviously untrue. If we were unfair -- we wouldn't have the number one network at a news by a very wide -- If people believe -- witness stand on us and they love us. So when you when you personally -- picked on by other news organizations other news anchors -- rival networks. Any any bone in your body -- bristle at that and say enough you know not. --"
" Finally Barack Obama. Many argue is building. A totally different kind of government. And a much bigger. Some would argue more intrusive government. And a lot of people either don't appreciate its magnitude -- look at all these -- are. The testing agency heads and and ended and -- appreciate what's going on here what what he's what are you worried about."
" I think he sees himself as a president to change. And that involves -- government he's been he's made no secret of that. And I think that's dangerous. We've done very well. Live I believe that by Texas and less government it possible. Obviously you have to have regulations and some regulations and regulators have that is down on the last few years. But that doesn't -- going to have a whole. New layer of government. It you know the one place is gonna picked up an idea. What's happening. Rescission is Washington. It's -- crawling with people. Oh getting -- a pay whether they be lobby is so whether the beginning of the new agencies and so on and -- I am the people who real estate Washington."
" accept that. See you think that when when there -- in this administration says the American people our side our numbers prove it support for what we're doing proves that. And critics like Rupert Murdoch don't. But they just don't get it."
" Look if it does look we -- very early days yet. Where the unemployment -- 1011%. You that you will not happen -- And ended that can be stopped. And they say oh we're gonna save 600000 jobs have an account but they say -- and say. Unemployment is going to go -- And it's gonna take some time to get down a number of upstream is to get it back. So I am. My feeling is that. -- probably and and hopefully absolutely hit a bottom here we live things will be pretty stable from now on. Not. Nearly as good as they were a little while back. Not. It's going to take time to climb out of it. And to say that's it that's okay. Tried -- and we know we can growth we have a lot of things happening like new cable channels. Would have in great few months now and film company. -- you know would win a pretty good shape. You mentioned almost analyzes my phone -- and I do -- What do you watch when you get it home and you have all these entities. And you have you have fielder's choice whatever you want to watch pretty much anything that you have. What do you watch. What -- I election I watch fox is. -- business what truck then I try to match what's the Fox Network. What I've -- networks who we -- programs that we have the number one program on the USA network and and was hopefully have -- to live very shortly. We make. -- we're a content company we make programs we created -- tenement and will we disseminate news collect and disseminate what do you watch on Fox News. We really like. I like this -- approach -- and it would ship. You know -- I think I must now turn them -- something on somewhere else. But then went to watch bill erotica -- as I leave thing I'm going to allow. OK so it goes up. But you look occasional what's Fox's challenge for. -- in my office I felt good it's -- Fox Business what do you like. I like it -- that generally the approach of Fox Business it's attitude towards business. I love the graphics. -- and -- the -- much better. I'm back -- are only argument with Kevin -- on the graphics is they're squeezing costs out. We we. I've been a big advocate of a kind of everyday kind of value -- you and the deputies got weapons said space novel is pretty good. Rupert -- thank you very very much thank you."
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