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The Last Word with Lawrence O’Donnell

Lawrence: Trump will no doubt be taking credit for Biden’s economic policies

The Last Word with Lawrence O’Donnell

Lawrence O'Donnell, MS NOW

Politics, Washington, Congress, News, Ms Now, President, Versant Media, Policy, Versant, Government, Senate

4.56.4K Ratings

🗓️ 17 December 2024

⏱️ 39 minutes

🧾️ Download transcript

Summary

Tonight on The Last Word: Donald Trump repeats the lie that Americans won’t pay for tariffs. Also, some GOP senators won’t say if they back Pete Hegseth. And the New York judge in Trump’s hush money case won’t toss the conviction over the Supreme Court’s immunity ruling. Acting Labor Secretary Julie Su, Rep. Marilyn Strickland, and Andrew Weissmann join Lawrence O’Donnell.

Transcript

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0:00.0

Well, today, Donald Trump wide his way through a few questions from reporters about his

0:04.5

economic plans, while President Joe Biden described accurately what his policies have done

0:11.0

for the economy and what the long-term infrastructure projects he's invested in will continue to

0:17.8

do for this economy and for this country for many, many decades to come.

0:23.6

Donald Trump pulled one of those classic Trumpian stunts today in which he, as president

0:30.8

and the Republicans in Congress, do absolutely nothing. They do absolutely nothing while

0:36.3

taking credit for a private company making

0:40.3

an announcement about an investment that it was probably going to make an announcement about,

0:45.5

and that it might or might not be true, like all such announcements, and might or might not

0:51.0

create jobs in this country. This time it was a Japanese technology firm called

0:55.6

SoftBank. Donald Trump promised that SoftBank would invest $100 billion in American projects and

1:02.3

create 100,000 new jobs over the next four years. The New York Times immediately pointed out

1:08.3

that this idea echoed a $50 billion commitment. SoftBank made after

1:14.5

Trump's victory in 2016, that promise was followed by investments in a host of fledgling

1:20.0

startups, some that surged and others that ran into trouble, including the co-working company

1:26.4

WeWork and a company called Zoom that used

1:30.2

robots to make pizza. Now, if you haven't had a pizza made by a robot lately, that's because

1:37.2

that foolish investment announced with much fanfare, the beginning of Donald Trump's presidency,

1:45.7

failed completely. And that company beginning of Donald Trump's presidency failed completely,

1:51.6

and that company that Donald Trump championed as if he created himself shut down.

1:55.9

The same thing with WeWork, which also went bankrupt.

2:02.7

While Donald Trump was somehow trying to take credit today for a private company's announcement of its investment plans, President Joe Biden spoke at the Department of Labor about things

...

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