BONUS: Why Howard Schultz would make a terrible president

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 31 January 2019

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

Former Starbucks CEO Howard Schultz says he’s seriously considering running for President. Nick Hanauer, who knows Schultz, says that businesspeople often make terrible politicians.

Transcript

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0:00.0	So Nick, you're a rich guy from Seattle. There was some news this week.
0:08.7	Democrats and other critics of President Trump are urging former Starbucks Chairman and CEO Howard Schultz to
0:14.2	reconsider his potential plans for 2020. I am seriously considering running for
0:19.8	president as a centrist independent.
0:22.3	And what the... Help the lack Trump. president as a centrist independent.
0:23.0	Don't help elect Trump, you egotistical
0:27.0	billionaire.
0:28.0	H-
0:29.0	You happen to have any thoughts about that?
0:33.4	Yeah, well, you know, I like Howard and I have enormous respect for his, you know, his ability
0:39.6	to run a retail business, but I have never been a fan of the idea that business leaders make great political leaders and there's a couple of reasons why.
0:51.6	So let me just start by saying I
0:53.4	profoundly disagree with Howard's economic policy ideas. He is as far as I can
1:01.7	tell a straight up trickle downer who believes that tax cuts for
1:05.7	rich people create growth and investments in the middle class will bankrupt our great country.
1:11.3	He believes that raising wages kills jobs and all the rest of the
1:15.3	neoliberal nonsense. We can't afford health care that we can't afford education.
1:19.6	He's basically running on a platform of telling us we can't have nice things.
1:23.8	Yeah, but rich people should get richer.
1:25.8	And I...
1:26.8	That goes without saying.
1:27.8	And I profoundly disagree with that.
	...

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