Campaign promises delivered. Hooray for capitalism. Now these feelgood stories inspire even the most hardhearted cynic, and its even better news when its the result of comprehensive tax reform that drastically lores the corporate rate. But is there more to the story than meets the eye . Possibly. The state of indiana is giving United Technologies 7 million in tax breaks. Some might call that a government subsidy. And since president elect trump highlighted the carrier closure as the company sought greener guacamole in mexico, critics say hes cherry picking a winner. His supporters say, well, youve got to start somewhere. If youre lucky enough to land in the cherry pie, that is fantastic. But if these magical subsidies are rare as raw steak, it doesnt do much to change the Business Environment in this country to make it more hospitable to growth. And who knows who lands on the lucky list. Government shouldnt be in the business of picking winners and losers like so many numbers on a roulette wheel. It should get out of the way and create an environment where all businesses can succeed no matter who is in power. The carrier thing worked out beautifully for displaced families who were added to the trash heap of midwestern manufacturing. But who has time to scrutinize the spread sheets of every corporation who threatens selfdeportation south of the border in the other side of the sewer cover is government forcing companies to do business domestically which is what they do in china and venezuela. Trump loves to say he knows how to negotiate, and no matter why carrier budged, could it be a sign of a brighter Economic Future . We still have to remember why so much manufacturing leaves for faroff factories. Its cheaper. Labor is cheaper, materials, overweheld, and that means the stuff we buy here reflects the lower costs with better prices. Unions have been the kroniest of all, snuggling tightly with politicians, demanding impossible pensions and bankrupting a huge part of the country in the name of dogoodery. Hopefully, that didnt play into our president elects decision by plucking his populist heart strings. I am optimistic he wont fall under the spell of shrill union music as it will force him to crash the economy into the cliffs of the status quo that he promised to avoid. Dont avoid me. I can see you. Im kennedy. Glad youre here. Kennedy donald trump claims that what he did with carrier is just the beginning of his plan to make America Great again. But according to his socialist arch nemesis Bernie Sanders, this is just a quick fix. Whos right . Lets bring on the springloaded party panel tonight, katie pavlich, townhall. Com and a Fox News Contributor, mat welch is here, editor at large for reason magazine, and im also joined by fox news anchor Julie Banderas. Welcome, everyone. [laughter] all right. So could this be the sign of a brighter Economic Future for us . Is there some harbinger of goodness in this carrier deal . I think that the example is a good one, but we have to remind everyone that we do have to see comprehensive tax reform for this to continue for multiple, you know, other companies to take this on and keep people here. One part of this people arent talking about is how much its going to cost on the other side. We trade cheap labor for c goods, its going to cost more for these companies to stay here, even if they get tax breaks. So if thats the cost that the countrys willing to pay, fine. That means more jobs will be here. But there does have to be a comprehensive tax plan passed with congress for this to be a longterm, rather than a shortterm, companybycompany basis and really stimulate economic growth. Kennedy yeah, and steve my knew chin says that will be the basis of his tenure as treasury secretary, as low as 5 . 15 . You know, the worry here particularly for libertarians is this is just a different form of crony capitalism that weve seen over the last eight years with the obama administration. Are you worried about that . I dont know that its a different one. Think about any twowit, half professional town like oakland, california. Theyre always, you know, threatening the raiders, dont leave, and then, oh, wait, youre really going to leave . Well give you these subsidies, this tax break, and as soon as that stuff runs out, the raiders will act like tenants rather than people who stick around. Its amazing to me that after, think about it, after the bailouts of 2008, theres been three kind of big movements in this country pretty chi from the grassroots up. One was the tea party, two was occupy wall street which was against this kind of system and, three, the donald trumpism, whatever that is. Kennedy yeah. But he ran against a rigged economy, and one of his first acts here is to rig things, to go into an individual case and act like the mayor of oakland instead of, as you say, lets make the whole thing a lot easier for business to be done on the federal level. Kenmen can stand kennedy stand back, let the tax cuts take effect so every wiz has a chance at succeeding as opposed to waiting to be chosen and selected to be on that great list, and it is a great list. So great. Swriewlly, whats more sickening to you . Your thanksgiving party [laughter] or the government playing favorites . I dont like when the government i dont like the government meddling. Kennedy yeah. And i dont believe its the governments business to meddle in publiclytraded bids. Its great that donald trump tried to get involved in carrier, but once he takes office, he cant get personally involved in every single thing, and i dont think its going to be possible for the government to dictate how business does business. And there are tax incentives for sending some jobs over to mexico, and that is a fact. I dont know if the government really necessarily can do much about it or should. Im not sure its their place. One other aspect that isnt involved in the carrier story is Donald Trumps claims on the campaign trail that he was going to punish companies that dare to move overseas which i think is problematic. We believe in a free market system his own company is overseas. [inaudible conversations] it sort of gets kennedy lets not use force to make companies do things domestically. Right. Kenny all right. Well, ts get back to some of those liberals, so angry right now. Getting heart palpitations over the number of Goldman Sachs alumni donald trump has tapped for his administration. White house strategist steve bannon and anthony stair knew chi all worked for goldman saks, and on their agenda, deregulation and a lower Corporate Tax rate. Is in the team to get the economy humming . Katie, isnt goldman everywhere . I think steve bannon has a lot to do with bringing the goldman connection into the Trump Administration team. Hes familiar with wall street. It doesnt necessarily drain the swamp of the people who have been involved kennedy scaramucci, to be fair, was part of the trump team before bannon signed on. Sure. But it goes back to this argument that were supposed to have new people. Theyre all running the show, and thats fine. They have a lot of experience, which you need when youre running a new administration. But i think steve bannon is making sure that the team is coming all back together. Kennedy all right. Whats worse . Having academics, politicians or wall street people . Well, they had a choice. John allison was up for treasury secretary kennedy absolutely right. I was really hoping he or Jeb Hensarling would have got it. He was an opponent of the bailouts kennedy yeah. Talked about ending the fed. They threw a bone this their direction, libertarians, then snatched it away. Mnuchin has said that the government should get out of fannie and freddie, which i find refreshing. At least its better than not saying that. Lets be honest about Goldman Sachs, they have never been anywhere except here government this whole time. Theyre one of biggest donors to barack obama. Hillary clintons soninlaw worked for Goldman Kennedy talk about those speeches 675,000 for three speeches from them. The idea that goldman was an exile is ludicrous. They made a ton of money in the bailouts, and when you allow for the sort of regulatory consolidation of the financial industry which is what the bailouts have done, you only its a small pool of people youre going to get. Kennedy and with doddfrank, which mnuchin has talked about, it has consolidated, and because small banks cant comply with the regulatory costs. So what would you rather have, a cabinet full of Goldman Sachs executive or norovirus . [laughter] wow. Oh, thats a tough one. I know, right . Im going to go with norovirus. Process it quicker. Kennedy and it makes you thinner. [laughter] it makes you skinny, and it actually brings you to reality. Its actually its very, like, soulfinding. But i have to say when it comes to real estate, wall street, main street, there isnt there is no such thing as wall street and main street being one and the other. And trump did accuse hillary of being too tied into wall street, and now weve got the top firm being represented in the white house which seems to me a bit hypocritical. Kennedy well, were going to have to keep an eye on all of it. Well see you a little wit later in the show. Meantime, we are still waiting for the president elect to make what could be his most important decision in terms of nominations. His choice for secretary of state. Now, this week the current secretary, john kerry, defended the obama administrations Foreign Policy agenda. But as you may have noticed, a lot of the world seems to be coming apart at the seams. Uhhuh. So what issues and hot spots will trump be considering as he tries to find the right person for the job . With us now, Fox News Contributor and former u. S. Ambassador to the u. N. , its john bolton, who has been whose name, rather, has been bandied about for the secretary of state job. He will reportedly be meeting with president elect trump tomorrow. Welcome back, ambassador. Glad to be with you. Kennedy all right, i know you dont want to engage in speculation, and i dont blame you for that. So well talk about some other things. Lets discuss this cultural revolution that you say has to take place within the state department. And my question for you is, was the state department damaged and in need of a revolution before Hillary Clinton or has it been damaged in her wake . No, i think the state department prospered under Hillary Clinton and john kerry. Thats what the problem is. Unlike almost every other Government Department where there are cultures, but the Civil Servants basically understand their job is to or carry out the is to carry out the president s policy. In the state department, modeling european foreign min cities ministries, over decades the bureaucracy has concluded they are to make Foreign Policy. So thats why dealing with the state department is not a question of managementing, reorganization or even draining the swamp, its something completely different. Instead of being its own authority on Foreign Policy, the state department has to be made into an effective advocate for the United States whatever the president s policy turns out to be. And were a long way from that today in a way that damages the United States. Often most people dont see it, it has a more longterm effect, but its nonetheless pernicious for that. Kennedy lets talk about someone who has also been considered for the job. I think mitt romney has recognized the danger of a dominant russia, but lets be honest, he would be a little too soft in that arena, wouldnt he . Well, im not going to speculate [laughter] on other people. I do believe this, having met with putin myself, having seen him in action, having watched the Russian Foreign ministry in various capacities, i think putin over the last eight years has seen weak and feckless American Leadership even when he was Prime Minister operating from behind the scenes. I think hes taken the measure of barack obama, and hes repeatedly taken advantage of him. So i think theres a lot that changes simply with trump asserting what is pretty evident to everybody, that hes going to be a strong leader. This is very analogous, i think, in terms of personality and approach to Foreign Policy from Ronald Reagan taking over from jimmy carter. So i think the inaugural address, the first steps in the early days of the administration are going to be very important for altering putins perception. Americas capabilities around the world have not been diminished except for the effect of the military budget cuts. Its a will power question more than anything else. Obama doesnt have it, i think trump does. Kennedy all right. Let me ask you a strategic question. Lets say on the same day north korea tries to send a nuke to the United States and that fails, iran bombs one of our warships in the strait of hormuz, and russia shoots down a u. S. Commercial airliner. Who do you bomb first . [laughter] well, your question actually opposes something thats very important that is not often discussed when people kind of walk around the world and talk about this region and that region and the other region. Number one, a lot of these conflicts and pressures and threats to the United States are coordinated, and the possibility of multiple crises erupting at the same time in the early days of a new administration, even the waning days of the obama administration, i think, are very real. So it underlines the importance of the transition and the possibility of coming up to speed rapidly kennedy yeah. On a wide variety of issues, all of which are possible. Kennedy so of those three, if you have three crisis that happen is at once, and they arel part of a coordinated attack, who do you go after first . Well, i think unless theres new intelligence, which is entirely possible, the North Koreans cant hit us in the continental United States yet. But its coming very soon. So that, that threat is very real. Iran, i think, is well on the way to their own deliverable nuclear weapons. If they attack our ships, it would only be the culmination of a series of incidents over the past several months. I think one of the first priorities is to find out whether we have a strategy to deal with these incidents can. Kennedy and if russia shoots down one of our planes . Then i think were in very serious trouble with a, an established Nuclear Power right away, and i think that would definitely cause a reevaluation of exactly what putins instincts are. I think hes less likely to do that, but i do think he might try a provocation in one of the baltic republics where there are Large Russian ethnic populations, nato members. So i think this possibility is real. Kennedy all right. So many provocations but only one provocative secretary of state. Perhaps it will be you, ambassador bolton. Thank you for taking the time. Anytime. Kennedy very good. Coming up, democratic donors are feeling like football fans who spent a fortune to get tickets to the super bowl an to watch their team get shellacked. Can they recoup . Will they . vo its the holidays at verizon, and the best deals are on the best network. both yes vo with no surprise overages, you can use your data worry free and even carry over the data you dont use. And right now get four lines and 20 gigs for only 40 per line. And, just for the holidays, get a Samsung Galaxy s7 edge for only 15 per month. No tradein required. I love you in that, no, i love you in that. No, i love you in that vo hurry, these offers end soon. Get the best deals and the best network, only on verizon. Kennedy hi there. Losing 10 in a bet with a friend is never fun. Imagine losing 550 million. Thats what demoatic donors are beginning to realize after last months staggering election losses. Theyre not happy about it. Now with the party seemingly in shambles, some big ticket donors are saying they have no interest in rebuilding the party, and that could mean big trouble long term. Juan Williams Joins me now, cohost of the five on the fox news channel. Welcome back, juan with. Nice to be with you. Kennedy i want the read you a quote from Mark Nathanson who has donated richly to Hillary Clinton and other various democratic causes. The feeling i get out here in california is theyre not only extremely disappointed, but theyre shellshocked. So the turn around and say now its time to rebuild the National Party and the dnc, i just dont see it. Well, if you dont rebuild, then what do you do . Well, thats the question. Its not just the big donors, the whole party is shellshocked. I dont think there are many people in the polling business, in the activist business, the organizing business and the politicians themselves who thought Hillary Clinton was going to lose. Kennedy yeah. So shellshocked is appropriate. And what youre hearing from the donors is what you just heard from nathanson. Look, you know, we put all this money up, and we got beat. Not just beat, but devastated. Kennedy yeah. So the question is, whats the response . Now, president obama in an interview with Rolling Stone earlier this week said going into the fetal position doesnt help anybody. Kennedy yeah. Youve got to think about how you respond. But its t early, kennedy. Its just too early for the big donors because they just lost a bunch of money for nothing. Kennedy all right. House democrats have turned to nancy pelosi once again, and