FOX Business host Charles Payne joined ‘America’s Newsroom’ to discuss Biden’s remarks on the banking sector after he assured American taxpayers they will not pay the price for the collapse. #FoxNews
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LEARN MORE ABOUT: Bank Failures
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Recently, President Joe Biden made a controversial statement regarding the proposed $2 trillion infrastructure plan, suggesting that it was not a bailout of Silicon Valley. However, Fox Business Network’s Charles Payne has responded to this statement and argued that the infrastructure plan is indeed a bailout of Silicon Valley.
In his show, Payne argued that the plan was aimed at benefiting Silicon Valley companies, which have been thriving under the pandemic. The infrastructure plan, which includes funding for internet connectivity, technology research and development, and innovation centers, will help Silicon Valley maintain its position as a global leader in the technology industry.
Payne pointed out that the infrastructure plan includes measures that will benefit tech giants such as Amazon, Google, and Apple. These companies have already been benefiting from the pandemic, with more people working remotely and relying on technology for their daily lives. The new measures proposed will only further increase their dominance in the market.
Moreover, Payne claimed that the infrastructure plan is not only a bailout of Silicon Valley but also a bailout of Biden’s political allies. He pointed out that Silicon Valley companies have been major contributors to the Democratic Party, with their employees donating millions of dollars to Democratic candidates.
Therefore, Payne argues, the infrastructure plan is a political move aimed at appeasing Silicon Valley and its political allies rather than one aimed at helping struggling Americans. This is evident from the fact that the plan does not include measures to address issues such as rising inflation, high gas prices, and small business closures.
In conclusion, while President Biden may deny that the infrastructure plan is a bailout of Silicon Valley, it is clear that the plan includes measures that will benefit tech giants and their political allies. Whether this is good for the American people or merely a political move remains to be seen.
Payne and Kudlow need to be the running the Feds and Managing the US Financials ..
Charles was on fire
I feel Like I'm witnessing the start of the depression in 1929, and No Biden is out there saying…." what are we talking about again, and My son Hunter had nothing to so with it"…
Hey Trump
Here is your Treasury guy
Seriously
They are laughing
Middle fingers in the air
Seriously
Payne leave FOX, get your own podcast
SVB is just another shining example of very BAD Biden economics. Joe Biden 'wokeism' is at fault here..
Charles brings the Payne! a very wise man that speaks in layman terms for us to understand.
Trump gave them TAX breaks and Biden is bailing them out. Where do I sign up to be a billionaire?
Yep clear it up!!! There saving a lifestyle no one can afford… kinda seem children who never got told no! A lifestyle they seem to redirect the iOS nd downs to keep u out of there cool kid group!
Tell me how did they make so much buying nd selling business!! Seems there caping at no end it just keep getting expensive they need to too eachother
There is no merit system for rich it who has the most money nd best reputation of wheeling nd dealing that makes then feel more important then you
You grind ur hands to the bone they make a smart plan any one of u can make are they really working as hard as we are they ain’t smarter now we all go to college so how do they feel they can keep the smarter then u tude when they educated u at the same levels
So what makes theM walk around head held high is no hard work was done Whp giving them a pay in yah back for that pride
Glad he didn’t let them cut him off
Mr payne . You are righteously disgusted by the unfairness.. awesome opinion
A bail out won't fix anything if the business doesn't do something about their mismanagement, or get rid of the criminals in their ranks.
He won't respond because every word out of his mouth is a lie.
Just believe the opposite of what this administration says.
This Administration is what you get when you diminish voting at the polls on Election Day and promote stacks and stacks of Mail In Balloting. Big Bank leadership is incompetent just as every member of the Biden Administration is incompetent.
His handlers didn't want Biden to go off script and say anything stupid, that's why he didn't answer questions.
I’m taking my money out of the bank. Keeping enough to pay bills….
How much money did SVB contribute to the Democratic Party?
Just like during the Obama Administration the banks get bailed out one more time. I wonder if Maxine Waters is going to come up and beg for some money for her husband's Bank.
How can you bail out your customer money and their account by using customer money$…. give me a break…
Wealthy more important, way its been and allways will be .you will pay more in fees , taxes to maintain them. My bank account half that.
Biden bailed Roblox and not East Palistine Ohio… What a joke…
Only one way to stop this before they force us onto CBDC’s…. A tax strike
Eventually the consumer-middle class becomes the lower class and becomes completely dependent on the government. Sad times
Charles is right. Dana goes right to the liberal playbook. A poor working mother can't feed her kids. Charles shut her down. Yes, there are always going to be a few people that lose, but his point is spot on. SVB is a bank primarily for Silicon Valley businesses and their wealthy employees, and the rich are getting bailout money again.
I hope the voters in 24 get rid of corrupt Joe.
The Biden low unemploymet at 3.6% is responsible for 37% of inflation and we need the unemployment number to be around 6%
If there's that much money for the easy protection of 600 billion dollars…. Why don't they cut a million-dollar check for every American. That would sure the hell shore up the economy better than bailing out any bank.
Why does bidens suit have a rear view mirror? So he can see the American people.
That coward turns and runs so much that feels like our president is actually a shut door. Are you sure bidens not french?
For sure corruption corruption corruption
Why are we Americans still paying Taxes to this corruption. They’re not even trying to hide it anymore. WAKE UP PEOPLE
A bail out of the academic elite (think Stanford, Berkeley, MIT, the SEC & SBF's parents) & all their woke, totalitarian ideas
You know Biden's gov is going to want lots of favors from big tech in return. Censorship on a scale we haven't seen before.
The Biden family probably owns a lot of Silicon Valley Bank stock.
LOLOLOLOLOLOLOOL You fools have no clue
In 1999, Payne settled with the SEC over a complaint alleging that on at least eight occasions, Wall Street Strategies recommended that its clients purchase members stock through recorded messages on its telephonic stock recommendation service. The complaint also alleged that Payne failed to disclose that he received payments from members to promote members stock. Without admitting or denying the alleged violations, Payne consented to the entry of a permanent injunction against violations of Section 17(b) of the Securities Act of 1933. In addition, Payne agreed to pay a civil penalty of $25,000.
Charles nailed it with logic and reason. No wonder the L3ft attacks him constantly.
Charles Payne is the man.
Thanks Charles for exposing the truth, this is government and corporate greed at it finest and the little guy always gets beat
Bidumb was racing for the exit like his depends were about to overflow.
Charles Payne your the best.
How are collapsing banks a help to silicon valley? The FEDS are trying to crash crypto, which is a help to no one but the big banks and a future US digital coin.
Completely agree with Charles!!!!
A wise man tells it like it is, keep approaching the march to the truth.