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The Hartmann Report

Daily Take: Reagan, Broken Airplane Doors, & Being on Hold for Hours...

The Hartmann Report

Thom Hartmann

News, Congress, America, Thom Hartmann, Climate Change, Democracy, Debate, Economics, The Hartmann Report

4.51.3K Ratings

🗓️ 29 January 2024

⏱️ 18 minutes

🧾️ Download transcript

Summary

How Reagan's Embrace of “Greed is Good” Brought Us Broken Airplane Doors & Being on Hold for Hours...

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Transcript

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0:00.0

How America's Embrace of Greed is Good brings broken airplane doors and being on hold for hours.

0:07.0

A Boeing 737 Max 9 lost a side door during flight and commentators in the industry point out the plane

0:13.6

manufacturer used to be run by engineers but now the insistence of Wall Street is

0:18.5

run by Bean counters looking out for profits. One of my kids bought a new American made car last year. While driving on the highway

0:25.9

had died completely smoke coming out from under the hood, she barely made it to the shoulder where a tow truck

0:31.1

could pick her up. The dealer held the car for months before she

0:34.4

hired a lawyer who after more months finally forced them to take back the car and give her a partial

0:39.2

refund under Oregon's lemon law. In every turn she was stonewalled by both the manufacturer and

0:45.0

their dealer here. Apparently this has happened to a lot of Americans. And then a

0:49.2

friend had the same thing happen with a different US automaker two weeks ago. His lemon is still

0:53.6

stuck with the dealer. Every day millions of Americans are frustrated as they

0:57.9

wait on hold for hours to get help from giant monopolistic corporations that

1:01.8

don't seem to give a damn about their own customers.

1:04.9

Some big banks are even charging if you want to talk to a human being when you call.

1:10.1

Stores are jettisoning check-out clerks and cutting staff to increase profits for

1:15.7

shareholders. Try getting quicker personalized service at your local pharmacy

1:20.1

which is no longer locally owned but instead a billion dollar cash cow for Wall Street.

1:25.0

You could jump out of an airplane and land at any random town in America and have no idea where you are because the local businesses and banks to restaurants to hotels that used to carry the town's name have all been replaced by massive national chains.

1:39.0

It wasn't always this way.

1:41.0

In 1933, a handful of plutocrats who ran the largest companies in America

1:45.3

conspired to kidnap or kill President Franklin D Roosevelt, the so-called

1:50.0

business plot that was exposed by retired Marine General Smedley Butler.

...

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