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PRESIDENT-ELECT TRUMP TO ANNOUNCE PLAN DECEMBER 15 TO HAND OFF BUSINESS TO HIS CHILDREN
Mike Ozanian: Look, the naysayers have been wrong about Donald Trump from the beginning. They said when he announced, he was going to run, he wouldn't win the primary, didn't stand a chance, and then when he got to the general election, they said he had no chance, he won that. They're wrong about this, as well. They keep underestimating how smart and how tenacious Donald Trump is and they're wrong again here.
Bruce Japsen: Well, first of all, it to know how smart he is. I want to see that tax return and know where all of his stuff is around the world, because then we can make a call on that. But i don't think you're ever going to be able to, as much as I want to, to escape the Trump brand. I mean, his kids would carry it on. So if he does the best, you're still going to have the appearance of conflicts.
Sabrina Schaeffer: I think there are a lot of Americans who are genuinely enthusiastic about having a president who is not a career politician. This is something really new for the country. But it presents a very big problem. Because. People haven't realized just how large government is. There's nothing from government policies to health care policy to tax policy to environmental policy that will not affect that business. They'll probably try to do everything legally correctly, but I hope this reminds American why we need to rein in American government. If we want leaders who are not career politicians, we'll have to rein in government.
Bill Baldwin : I think the biggest scandal of all is one that the good government nannies haven't even noticed. Which is that the president-elect succeeds in inflating the currency with all of his tax cuts and his spending, He’s going to create a windfall gain for himself if he owns real estate. And it will come at the expense of people who lent him money.
John Tamny: By definition, there's going to be a double standard. But i don't think the focus has been enough on the basic truth that trump should have never proclaimed that he would separate himself from the business in the first place. I think what people want, I think what voters have said they want, is they want politicians in Washington to be exposed to what's going on out in the real world, so maybe they legislate better. I'd also add in the case of trump that he's got a lot of bad ideas about trade and other things. I'm generally better off when people are in Washington and doing less..
REPORT: $108 BILLION IN STUDENT LOAN DEBT TO BE 'FORGIVEN' IN COMING YEARS
Sabrina Schaeffer: Well, first of all, it is not a shocker that the government created a problem and is now making it worse. The government that, you know, college tuition prices are so high is because government got into the business of student loans. They drove up prices and made it ultimately harder for families to send children to college and now kids, young adults are graduating colleges with no jobs and they have all of this mounting debt. It is a terrible position to be in. The problem is, if you forgive the debt altogether, it is the taxpayers, most of whom have other expenses or trying to save or do any number of things with their life who will be footing the bill. So there's really no great answer here. We can only hope that we sort of find some middle ground to help those young graduates, as well as the American taxpayers.
Bruce Japsen: Well, I think, first of all, I’m feeling the Bern a little bit. Remember, Bernie Sanders was for some sort of free college for state schools. And it doesn't appear we're going to get this money back, which is tonight say we shouldn't try to go after some of it. But i do think this is a time to consider this and to start over and move on and even Donald was talking about some debt forgiveness. So i think that's where we're headed, anyway.
Mike Ozanian: I hope President-elect Trump is less forgiving. You know, if you forgive this debt, you're punishing all those people who actually borrowed money and paid it back. So i hope the President-elect is less forgiving and tries to get as much money repaid as possible.
Bill Baldwin: Well, I have a plan for saving the taxpayers from all of this. Instead of having the government lend money for colleges, let's have the colleges lend money for college. And that way, if they think that their degree in art history or poetry studies is really valuable in the market place, fine, they can take a chance tonight graduate and they'll get paid back.
John Tamny: Well, I’ll just say that I don't have a plan like my friend, Bill. My friend would be to just get government out of this altogether. And let's start by not forgiving these student loans. Only in Washington can we come up with a scenario whereby people actually believe the wealth is created out of thin air, such that people can go to college. In fact, there are people on the other side of those loans. To forgive those loans means that someone else is going to pay for them. What a shameful idea. Those who entered those loans should be forced to pay them back.
MEDIA FOCUS ON WEALTH OF PRESIDENT-EELCT TRUMP'S CABINET PICKS FUELS DEBATE
Mike Ozanian: Trish, the media is the not only out of touch, but they're complete hypocrites on this. Where was the media complaining about how rich president Obama's cabinet picks were, people like Kerry, people like mills? They said nothing!
Bruce Japsen : I don't think it's the media in this. I don't think Trump is playing to the voters who elected him. I mean, remember when during the campaign, Hillary was bad, Ted Cruz's wife were bad, because they took money from Goldman Sachs and now it's great for him to bring Goldman Sachs people into his cabinet.
Bill Baldwin: More than that, Trish, I would much rather be governed by people who make their fortune before getting elected rather than after. You can count on Wilbur Ross not going to some uranium dealer from Russia and hitting him up.
Sabrina Schaeffer: Look, someone's personal checking account is sort of secondary of interest to me, just as their gender or their race or their ethnicity is. I think the most important thing is trump has a diverse cabinet of people and advisers around him, and people who are going to be willing to push back and make sure he's challenged as a president.
John Tamny: Well, yeah, you're not as I am excited about the revolving door at the end. Ross is kind of interesting, because I think some of his ideas on trade are positively scary. But more my view is, I don't want rich people going into government, because we lose really talented people from the private sector in the process.
Mike Ozanian: (UTX)
Rich Karlgaard : (MCRN)