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Detailed text transcripts for TV channel - FOXNEWS - 20121227:21:18:00

Looming fiscal calamity. you re damaging the economy at the time it s already suffering damage. is what the unions do? think about what we ve experienced the last year. l.a. airport strike happening on the busiest travel day of the year. a chicago teacher strike when kids were going back to school and wal-mart trying when christmas was hitting. unions hitting you see us when we re vulnerable. they re exercising maximum leverage at the point of maximum vulnerability in terms of employers just like corporations say this is what the market will bear. we ll go to china and get the cheapest labor possible. now you have workers in the united states saying this is what we need. if you look at the dock workers, dock workers in the 1960 s, about 35, 40,000. now down to 4,000. only 10%. why? because of automation your ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121227:21:20:00

If we don t get prices down to compete, all this business is going to go elsewhere. that s agreed but that s not the issue. the fact is that you have automation on the docks. you don t have containers that go right from the ships to the trucks as you know all up and down the coast and we have the panama canal now, bigger than ever. that s what they re fighting, automation. no, they re saying fred mcmahon said they re fighting automation. no, they re not. the machines have taken over but the point is the workers should get a share of royalties. there s no reason. why should the workers get a share of a business that they aren t ownership? because they they don t have a downsize risk. they got downsized hugely. the workforce has been decimated. juan, should i have a share in the profitability of fox news? if you buy stock. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20121227:21:19:00

Previous guest was talk. 64,000 for the longshoreman s union. but haven t unions priced themself out of market? they made themself obsolete. you pointed out, if you don t want to do business here, go to china. here s the deal, you have to import goods in the united states. what they ve done is through automation, they have less and less dock workers. what the dock workers got as a concession was you have to give us a royalty on shipments given you re using automation. no you have owners of dock yards saying no, we re going to take that away or freeze it for people who come later. but why do you want to freeze business? why stick business in the mud right now so we can t progress? i ll give you a personal example. i was a floor trader, a human being on a trading floor. guess what happened? they figured out machines could do it better, faster and cheaper and what happened? we were displaced. business needs to progress and compete. ....

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