Inequality of the Economy: Interviewing Secretary Yellen | The Problem With Jon Stewart | Apple TV+
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- เผยแพร่เมื่อ 27 ต.ค. 2021
- The Problem with Jon Stewart is now streaming on Apple TV+ theproblem.link/EconomyEpisode
Why does corporate America get financial stability while the working class gets left behind? Jon sat down with Secretary of the Treasury Janet Yellen to discuss how America screws over its workers and what needs to change.
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The sad part is 95% of this country agrees with what he's saying, and then they'll go out and vote for the exact opposite.
I mean, even most democrats are in the pocket of corporations. look at sinema 🙄
Correct, it is not about the public voting one way or the other, IT’S ABOUT THE CORPORATIONS OWNING ALL POLITICIANS!
Fair tax policy will never be enacted. It doesn’t matter which party is leading the way. All the talk about taxing the rich is simply for show. There are a thousand ways for the wealthy to shield their assets from taxes. Adding new “tax laws” doesn’t fix the broken tax structure that allows manipulation in the first place. Tax “loopholes” are not an accident. They are provisions put in place on purpose to allow people and corporations to manipulate their taxable wealth. It’s like the gun control topic, or healthcare. It’s used by both political parties to generate income to their campaigns. Both sides benefit when these issues are raised. There is no real incentive to “fix” the problem.
actually that's not true, 55% would vote with what they agree on if the DNC stopped fixing the nomination process and stopped colluding with big media and big tech to nominate people as awful as biden and clinton
@@BryanKeniryG nominating less offensive candidates does nothing to change the system. Term limits might help, but who is going to pass term limits on themselves?
Her whole tone is "This is the system that we live in, and it is what it is."
"we just do unimportant things because we serve the winners, and that's what lets us keep our jobs"
basically! like we are supposed to just say oh well thats how the law is. well the law is wrong! lets protest and vote to change these laws, but what do people do? ill vote trump cus he creates jobs.. bullshit he only delivers for a short while and when people forgot about the issue he reverts back to his bullshit agenda, or they vote for biden cus hes not trump, really? is that the best he can fuckng offer? bullshit warm and fuzzy speeches? society is part to blame cus they keep voting for the same old dinosaur, theyre too scared to vote for change and we had good choices last election, i fear we wont have any good choice next time around, im already preparing myself to deal with another 4 years of racism and low wages with trump. this country is fcked no matter what cus of its citizens
@@erickdraws9563 Ding! Ding! Ding!
We have a winner folks!
Wanna share some popcorn while we watch the third act of this shit show play out?
Then let's get rid of that system.
It doesn't have to be, it's not in europe..
It is excruciating to watch. I can’t believe Jon Stewart was actually sitting through it as calmly as he was. Kudos to him - and to the editors of the piece.
the cognitive dissonance is insanely tough to swallow
@@alexanderdelarge7002 terrible, this jew-on-jew kvetching
I know exactly what you mean! When you hear someone like her, a Democrat no less who should be on the workers side, talk like that you just get this urge to throat punch her.
For real...wtf lady. Wtf. "WHO IS STOPPING YOU FROM MAKING CORPORATIONS PAY THEIR FAIR SHARE?" "Umm, people don't like high taxes..."
She can’t just unilaterally raise taxes. Congress has to pass legislation. The last major change to US tax system congress passed was Trump’s tax cuts and jobs act- which primarily just slashed corporate taxes.
I like how John Stewart is using his retirement to go after corruption at the fed and wall street. Epic.
Old habits die hard😘
How is he retired if he's working? I'm pretty sure these interviews are considered a job for him
We need him to run for office! Enough shows! We already know he’s too good at it
Being a youth is hating the Fed, being an adult is admiring it
@@yamatocannon1 why
I dont hear conversations like this in mainstream news networks. I'm glad he's back.
there's a reason why you also don't hear about the John Deere strikes too
I’m with you brother ☝🏼
Not even in new media/internet media, Ben Shabibo would rather review a tik tok instead of talking about something important.
Well no because media has corporate backers and they have a profit motive not to
glad to see Jon holding feet to the fire. It’s such a necessary break from sensationalism.
I only wish he could be doing that literally - her prevarication and self-contradiction are hard to bear.
@@lenkacfk7155 holding her feet to actual fire wouldn’t help. This interview is an A+
THAT WAS NOT feet to any fire. Jon failed that and did not ask the blinking obvious.. why do Walmart get away with paying low wages AND no taxes?
I admire him for not cracking up at her transparently mis-informative drivel.
right now "holding feet to fire" can only be in the literal
I'm loving how he confronts these people with logical reasoning to point out the unbalanced system that we live in.
And for simply pointing out a flawed system, that system still continues to exploit us.
I’m so glad we have someone like John Stewart
So here’s a question - why does a comedian have to rise to the height of his profession in order to gain the status necessary to get out and do the job that any run-of-the-mill journalist should be doing as part of their regular beat?
Because the 24 hour cycle has focused in making money and selling stories not news.
@@rbw3000 that’s certainly part of it, but not the whole problem I’m afraid. There was a time when real journalist graduated possessing a thing called integrity - they weren’t so ready to tear up their diploma and sell their voice to any corporate interest that was paying their bills. Nowadays they can be only called propagandists at best!
Look up "Breaking Points: Katie Couric Accidentally Tells on Media and Herself". The media silences those who actually tell the truth and press important issues in order to make the large powers at the helm of America and the economy happy.
@@CallMeTehRealz yes, I saw that clip. And yes, that is exactly what is happening in most western nations, not just America. Since ‘mainstream news’ slid over into the entertainment category with the advent of 24 hour cable news, we’ve witnessed the steady decline of objective journalism into what today might be labeled ‘make it up as you go’ trash-talk TV. Even the news anchors are fighting with each other publicly over infantile grievances. What a world we now live in.
I also think people are going to watch because it is Jon Stewart. Speaking for myself, I wouldn't watch John So and So interviewing Secretary Yellen on economics. I clicked because I love Jon Stewart. I guess that makes me part of the problem, but I am sure the same is true for many others.
Yellen: "I think there's a lot of truth in what you're saying..."
honest, plain English translation: "Hold on, I need a moment to gather my corporate lobbyist-provided talking points..."
Yep
Its code for "The next thing that comes out of my mouth will be an appeal to the professional managerial class."
you're missing the forest focusing on that tree.
Yellen translation: "You are correct, and of course I know it, but I cannot admit it; I'd be a criminal by admitting it ".
Basically just admitted that our politicians are corrupt like it's just another day at the office. No big deal.... these fucking people. 😐
The biggest problem in American society is when will we all stop and say “Working at Walmart is as fine a career as an electrician or a postman or a software engineer?” We cannot just continue to write off jobs as “career-less”. A shoe shiner was a career in the 1930s. People called them by their name when they walked by them on the street. Where did that go?
Exactly. Work is work, and all contributions matter. I teach my kids that it is foolish to idolize the engine in a vehicle because you can have the finest engine in the world, but that car isn't going anywhere without the $2 nuts and bolts, without the tire, without the lights. Similar to an ecosystem, ALL parts work together to make the world go round, from the bottom to the top. We must really stop idolizing certain positions.
@@amyrenee1361 well said
Because people's morals attach value to how hard you work.
A doctor works hard, a cashier doesn't.
@@amyrenee1361That’s a great analogy, I’ve never heard it before. Hope more people read this.
@@scifirealism5943Really? People who pull off boxes from a truck for sometimes a full shift break their backs and knees trying to haul heavy boxes out onto the floor. It’s a hard job. They get paid just as much as a cashier, and cashiers sometimes even get tips. I really don’t think it’s about hard work, I think it’s about skilled work and how replaceable you are.
Awesome interview. John Stewart is asking the questions that regular people want asked.
It's like watching an adult confront his parents about something that happened during his childhood only to have mom sidestep the issue altogether...because she knows things should have gone better but also that her whole identity rests on the illusion that things were done the best they could have possibly been. So unsettling.
Son: Mom why did you leave me and dad when I was 8?
Mom: many children face this, not a big deal.
Son: but dad committed suicide and I became addicted to drugs.
Mom: many children face this, not a big deal.
Perfect analogy. The country has been overtaken by unrestrained Narcissism: grandiosity and sense of entitlement, lying and gaslighting, lack of empathy and self-awareness, extreme self-absorption, and blame shifting and sensitivity to criticism.
This is very well said! Exactly how her responses sound.
The truth burns.
Yes, perfect analogy!
"We have to appease the shareholders" is just the corporate version of "I was just following orders".
Ya know who were “just following orders?” Nazis.
Ya know who suffered? Jews, political enemies of Hitler, etc.
Ya know who suffers under a multi-million/billion dollar corporation “appeasing the shareholders”? Employees and people who depend on social programs that need the rich to pay taxes
yep.
Keeping in mind of course that the shareholders are company executives and owners -- meaning most of the people who invoke "the shareholders" are talking about themselves.
@@keanuxu5435 the rich don't pay taxes. Also Nazis are capitalist, they privatized housing healthcare and education. They were so Capitalist that Ford praised Hitler. Other large corporations flocked to Germany like gmc. Currently there is a court investigation examining just how much Corporate America armed the Nazis, because US troops found Nazi vehicles to be manufactured by Ford and GMC.
@@tails18boy nice
I wish you would run for president, Jon Stewart!
I can't believe this is what our politicians sound like. How can people not feel sick to their stomach listening to this lady.
Wym?? Shes largely agreeing with Jon and working to do what’s in her power to make change.
I like how when a large corporation is going to go out of business they get a bailout but if a normal person loses their house, they are just homeless. I love that Jon is back. I wish this wasn't behind Apple streaming bc this shit needs to be seen by everyone. No other person talks like this on TV. Why do we need to invest in their workers? Why doesn't Walmart invest into their people?
Oh, it's not what you think it is.
No others? idk, Jimmy Dore?
@@antimime666 I hope that was a joke... Jimmy dore is absolutely terrible.
I would say Stewart and Maher are the only 2 who are directly in the middle and dont seem too partisan like a Rachel meadow or tucker carlson
@@joshua6207 please please tell me you are joking. Maher? How can you like Maher and Jon? Maher is so out of touch and his opinions are mostly terrible.
Yellen: We needed to protect big businesses from failing, its a responsible thing to do after all.
Yellen: Big businesses are not responsible for sharing their super profits with workers, its a capitalist system.
Ah come on man ... stop Yellen!
We know it from the start that there is a revolving door between Big Business, Lobbyists and Government Officials are in cahoots enriching the pockets of corporatists and people DON'T get their debts waived.
what a disgusting fake sweet old lady
@@plusmanikantanr.
I think their offshore billionaire bankster accounts should be seized and used to provide for all.
The laughably aspirational bit about them "paying their fair share" was equally as cringe worthy as talking about boosting funding for the IRS to go after tax evasion even though we all know that the current top-down tax benefit system laughably branded as "trickle-down economics" means once again the real targets will be those among the lower ninety percentile because the increasingly rigged system has been increasingly unfair for generations & we all know ANY hike on taxation of the ruling class will be symbolic at best because of how much they have rigged the system in their favor to protect them from paying even close to their fair share or being held responsible for the damage & debt they cause.
Anyone, especially those profiteers of the GOP, who religiously defend against raising the corporate tax or otherwise cutting any corporate socialism sound like spineless chickens so scared that of we make them pay their share they'll take their money & business elsewhere or the cost will otherwise be put off onto the masses. Um: the cost has been increasingly put off onto us masses for generations now anyway.
The fear of reprisals is such an act of cowardice & makes me think maybe those in the Ivory towers should fear reprisals of the peasants in the form of dragging them from their beds with pitchforks & torches since we have no other legal option thanks to the aforementioned rigging of the system.
Like the nationalist hate for immigrants (modern slave race): instead of deporting the poor workers just trying to find a better life, maybe they should imprison the treasonous business owner who utilizes this undocumented slave labor instead of hiring tax paying citizens for living wages.
Inflation is happening anyway.
That goes for the traitors who head over seas instead of doing business here, like the entire Trump family business.
He & his ilk have always represented the very ruthlessly perverse corruption they discussed in this interview that has ruined our government & society today, while also repeatedly crashing the economy with no repercussions on this who crashed it yet I lost a mortgaged farm, career & healthcare for a progressive cancer in '08 & have yet to recover to anywhere close to what life was before corporate socialism & deregulation tanked the economy.
Who emerged from a pandemic with even more historic wealth?
The corporate ruling class, while the nation sinks under even more historic debt, death & other damage.
"It seems to me to be equally plain that no business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By 'business' I mean the whole of commerce as well as the whole of industry; by workers I mean all workers, the white-collar class as well as the men in overalls; and by living wages, I mean more than a bare subsistence level-I mean the wages of ." - FDR.
Excellent research and presentation. Thank you.
When Jon Stewart can cut through the noise so fast that it catches Yellen by surprise, you know he's legit. Jon Stewart is a comedian and he's a better journalist than actual journalists. CNN would be eating out Yellen's ass live on TV.
Eating Yellen's ass is a horrible thought!
He even helped her dig her own grave. The salt must flow.
It's because Stewart is not beholden to or controlled by any corporate entity.
Thank you so much for that nightmare fuel...
Hope they got some ketchup
"companies have the right to..." There, right there. She is putting company rights above the rights of actual people.
We all know corporations are tried as individuals in a court of law, and therefore held to an equal standard as if they were the exact same as an individual. So it is like saying an individual doesn’t have the right to decide how to compensate his/her employees. Whether right or wrong it’s how the law is currently written. I don’t know the background of why that ruling was made.
haven't you heard of "Citizens united" ? Corporation ARE people to this lady.
Because the law sees corporations as individuals. We have Hobby Lobby to thank for that one...
She’s describing the law not giving an opinion. Companies literally have legal rights that are ….. not morally right.
That's what SCOTUS said...
Love this. Total engagement. More Jon Stewart.
Brought to you by the U. S. Supreme Court's "Citizens United" decision. #FREEDOM 🦅
you can see the extreme skepticism in Jon's eyes it's so hard to watch.
He shows remarkable restraint towards Yellin. I would have resorted to yellin' at her. Note that she never directly answered any of the questions, nor conceded to any of Jon's points.
The owners don’t want you to know the truth. Carlin told us this decades ago. It’s a small club and we ain’t in it.. they want us just smart enough to run the machine, but just not smart enough to know of just how F’d e we are…
@@goodun2974 Indeed. God forbid we abandon the system as it is and treat workers with dignity and compassion.
This woman and the defenders of the status quo are a sick fucking joke.
She recently proposed a tax on "unrealized capital gains". She's a loon
I didn't see any skepticism in his eyes I saw the beginnings of his anger and seething rage at someone trying to run a line of bullshit instead of giving honest answers.
Jon's restraint at Yellen's word salad circular logic is something to behold.
"Circular" is the exact word I was about to use. Can't exactly call it Logic but maybe "reasoning" works. Thanks
You can see the pain in his eyes as he losses his last bit of faith in the dems
Exactly, circular talking. I listened to the whole clip and thought to myself, she brought nothing of substance to the conversation, just the same old talking points
@@jezebelinadancer "Rationalisation" is possibly a better word.
She is trying to be diplomatic. Any strong stances can be used by others as an excuse to target her and make her job impossible. She agreed with Jon, she just had to do it in a way that wasn't a detriment to her. Its why democrats lose so much, they are so busy trying to loop everyone in that half the time they cut themselves out.
You gotta love this guy straightforward gritty and get his point across.
Jon Stewart is an American hero.
Thank you Jon, thank you. I've been talking about Walmarts double dipping subsidies for years. It's insanity.
Can you think of one multibillion dollar company that doesn't do that? That's not a whataboutism fallacy. I mean they're all guilty.
Noooooo, providing basic living standards to your workers is socialism or something, reeeeeeeeeeeeeeeeeeeee!!!
@@TheHonestPeanut Amazon. Starbucks. Target. all of these companies pay a company wide minimum wage well in excess of an amount that would qualify an employee for SNAP benefits under federal poverty guidelines.
not all companies are equally guilty. Walmart is exceptionally egregious.
@@jedinxf7 Every one of those companies do what Walmart does AND, aside from starbucks as far as I know, get gov subsidies. You need to open your eyes. Fuck, you want to say Amazons practices aren't exceptionally egregious? Union busting, penalized for restroom breaks, mandatory long shifts. WTF.
You fix it by raising the minimum wage and having socialized healthcare. It won't fix all that ails you but it's a damn good start. Don't expect Walmart to change, demand they do and level the playing field all at the same time.
When Yellen explains why financial institutions cannot be allowed to fail from their own decisions and must be supported by tax payers; I really wish Jon would ask "What's to stop them from doing it again? We've shown there will be no consequences."
She draws upon a tradition of obfuscation and service to corporate/monied interests that is centuries old, Jon is (sadly) just passionate and smart -he's not equipped (yet) to defuse their verbal distractions.
because they are "too big to be allowed to fail". the issue really is why aren't they being broken up so they aren't too big...
The real, honest answer is that if Jon asked those hard hitting questions and pursued that line of argument to its fullest extent, Apple would not allow him to have a platform and neither would anyone else.
Stop subsidising them with the bullshit excuse of making a social public policy, just like in the superior education.
Yep. What they did is the equivalent of giving a child candy when caught being naughty. Now they know that not only can they get away with it, they can benefit from it with no fear of consequences.
Trump paid $750 in federal income taxes and had a salary of $400,000. I paid almost $26,000 and had an income of $140,000. Now one year after I filed my taxes a got a letter from the IRS saying I made a mistake and owe an additional $6,143. So, yeah, the system is definitely looking out for the working class, calloused hand workers.
And Joe Biden made his money being a career politician and having his son and brothers extort other countries for millions more. It’s not Trumps fault the tax laws are screwed up
I do agree with you that the average person pays way too many taxes. It is terrible and I am sick of it also!!!
at this point if you are volunteering to be interviewed by Jon Stewart I applaud your courage. You are very brave or very dumb, but thank you whichever it is, because the content is gold.
This comment section tells me Jon Stewart's online audience is pretty wise to the BS. All the best.
Yet we still got here even with the existence of John Stewart... Maybe they just the loud minority.
Some of those were banks, and others like Merryl Lynch, Leaman Brothers etc, were invested in by local banks, so contrary to the comments, she is right. Your money IS NOT in the bank, there is a reserve pool of cash on hand but not the amount of cash in everyone's balance, the rest is based on credit that the banks can access from the regional Federal Reserve banks. If those institutions failed everyone who banked with them or the businesses who invest in them would of been screwed and it might of been great depression level...all because Wall Street investor cats want to create things like derivatives, gambling schemes just like their forefather murderer and gambler John Law.
Other than that she's full of shit
Yes, the mega corporations have a roof over the entire country. A roof, is when you pay protection to mobsters to "protect you" from guys fu*king up your corner store (and the guys are their mob guys). "Maybe for a fee we can keep you safe, or else something might happen" type of stuff
pretty good way to figure out where the enemies to the big rich biz who hate small businesses are - in Jon Stewart's comment section. wonder what they'll do with that data.
@@CalmDownHarold Dude, calm down.
The walmarts and amazons are the ones hurting small businesses, siphoning money out and paying people nothing. How's a community to thrive.
Amen to that
"People that don't get paid a living wage should just get a better job."
Her complete lack of self-awareness is astounding. Wal-Mart and other big corporations will always have employees, and those employees will always be underpaid unless the government does something about it.
Stop thinking these people are stupid. She knows exactly what she's saying. She's a salesperson selling you the idea of embracing your poverty.
I can't believe he didn't push back on that. She basically said that people who work at Walmart shouldn't make enough money to eat. Are you kidding me?
is it willful lack of awareness? Methinks so.
Watching this reminds me I should try to do more to pick up on cues that someone I'm having a conversation/debate with doesn't want to change their mind. It appears to me Yellen has zero interest in learning anything through this interaction or considering other viewpoints. In the future, I hope to become better at recognizing these situations and exiting them politely. I've wasted too much time and energy, and probably created too much bad blood, in trying to force my viewpoint on someone who just isn't interested
lets remember that America doesn't have a right-wing and left-wing party. by global standards, they have 2 right-wing parties.
@@yadamspiezer Jon has created a gray area to operate in, somewhere between journalist and comedian. I don't know if can maintain his access if he pushes these people too hard. It would be nice to hear his point of view on this issue.
Keep up the good fight Jon. Thanks
Bravo for bringing this conversation mainstream.
As much as I enjoy watching Jon doing a job that apparently can't be carried out by mainstream journalists, today's filter bubbles will assure that the majority of the people who'd need to listen to these interviews, will most likely not even know they exist.
Well with Russell Brand just covering this for his 4.5 million subscribers it will get out there more.
That's why it's up to YOU and me to pass this to others, to comment here, to comment often, to speak with family and friends about your concerns and to do so often. Every revolution started down at the local pub. Get busy emailing and talking and speaking what you see as the truth. Don't be lazy mister tamura. Now is the time for speaking and acting!
Jon has a lot of reach, on both sides. Also we need to amend how we refer to the big news outlets, it's not mainstream any longer, it's corporate news and we need to set that distinction! Much love yall
@@antennawilde Yeah, but that's preaching to the choir. And, honestly, it's liberals who back these right wing ideas. They keep voting for Corporate Dems who has a mission to destroy the left and sell liberals horrible right wing ideas. Manchin and Sinema are most of the Democratic Party. They're just covering for the other Corporate Dems, Biden included. But, liberals keep voting for them and wondering why Republican ideas are constantly moved forward. Obama started more wars, drilled more, maintained the Bush Tax Cuts, participated in extrajudicial killings, advanced right wing immigration policies, armed terrorists, tried to pass NAFTA on steroids (TPP) and much more right wing garbage.
You can't tell liberals Corporate Dems are complicit and many parrot right wing philosophy to demonize the left who want to bring about ideas like Universal Healthcare.
I mean, there's no filter on telling our friends, is there?
You know what, I'm gonna go tell my 1 friend, like "hey, have you seen THE PROBLEM, WITH JON STEWART?".
Doesn't matter what side of the aisle your on, this is a good show. John Stewart is out there holding the policy makers and politicians feet to the fire, on topics that we have so much common ground on! If anything, this program shows us how much we the people can agree on.
well said
Except, it really does matter what side you're on. If you vote Republican then you favor corporate power and money in politics. Lets us not forget the "Citizens United" decision and trickle down economics.
LEFT ... RIGHT ... LEFT ... RIGHT ... MARCHING ON THE FED!
Right....Jon is there to bail these people out and try to salvage their image. What did you learn here? Any accountability? Anything we don't already know? This is a joke.
@@DoubleGoon yes!
I like both of them, these are two people that could get together and figure things out if they were locked together in a room long enough 😅
agreed
...and not a single question was answered that day.
Just like watching the lawyers for the FED Banking Cartels at house and senate committee hearings being grilled by Sanders and Grayson ... the lawyers are like slippery fish and are masters at wriggling out of answering any question directly.
Did Jon ever get the opportunity for that second promised interview with Connie Rice ... the one that would put the tougher questions to her?
oh there were questions answered, that's for sure. she basically just said money buys access and power. didn't even try to hide it.
Honestly I get why he interviews someone like Secretary Yellen but she is such a corporate tool that it’s essentially like listening to a Chase Employer Handbook read aloud
This and also John does not know enough about modern finance to ask the right questions or follow up questions. So she just gives us platitudes.
If you knew more about Janet Yellen you would know that is absolutely far from the truth and she is a brilliant economist.
@@joseph1760 well, she sounds really bad here. If she cannot answer these questions better, there are 2 posibilities. She is either a crook or an idiot.
The only difference between her and Mnuchin is her fascist policies are hidden by being a sweet old lady
@@paulriccio5508 fascist policies? I'm confused, is she is she a capitalist lacky or is she a fascist. You cannot be both, so which are you accusing her of. This is the real world, not fiction. I don't believe her policies are progressive enough but I don't think anything you've said applies to her, these aren't problems that will be solved as easily as you appear to think
Thanks Jon- not only is this good journalism, you've gone beyond to promoting smart policy. I'm hitting subscribe.
I love Jon Stewart from Africa Ethiopia!
I am amazed at Jon's restraint at times. I appreciate his unrelenting questions, he never seems to want to let someone off the hook unless he realizes they are just going to keep circling the topic.
The Good Faith argument can't be used all the time, but starting there is always the best. And Mr. Stewart *excels* at it.
Just when you thought you were done screaming at the T.V. Thanks John...
Right? This was hard to watch.
Yeah. I gave up the crap that is cable 15yrs ago or so, I watch online my phone or tablet.
.....now I often wonder what will be the final straw that has me smash this fucker into bits and be done with all of it.
I've noticed the last few months the YT algorithm has gone to total shit. It's like they heard my above mentioned rant, said, Game On! And are actively trying to be the sledgehammer now.
*also, daaaaamn it's great to have Jon back in action, and kicking ass too!
You can’t even tell who elected her into position. She’s so neutral and unbiased.
Joe Biden appointed her when he was elected
❤ thank you Jon.
It’s fascinating how she’s saying it without saying it; under-regulated capitalism is destructively exploitative by nature, and our campaign finance system creates corruption.
We live in a semi-democratic society that’s rapidly trending towards corporate feudalism. We’re losing control entirely.
Semi control was lost forty or fifty years ago. If not longer.
Refreshing comments from the two of you. Once we realize there is no future with corporations in control worth living in then maybe we can start talking about what's really necessary to change it.
reality is no more. WE're in fantasy land now. I dont want to hear any complaining. We brought this on ourselves.
@@user-kb1hw2yq2f th-cam.com/video/hkftu-OKplo/w-d-xo.html
@@user-kb1hw2yq2f th-cam.com/video/UWF2uAaktlI/w-d-xo.html
She nearly rolled her eyes at her own
“fair share” remark.
Incredible interview wow
Jon Stewart. Thank you for speaking to the inequities of our system. Our government has to do better.
Its AMAZING how she can say these things with a straight face.
Because she’s an NPC. A highly programmed one.
THIS! This has been one of the issues I have had with businesses for decades. There needs to be a fiscal deterrent applied to businesses that have employees that use federal aide programs, like food stamps, medicaid, and welfare. Thank you John for tackling this.
Just watched the Larry Summers interview (about a year later) and it's amazing how much better Janet's interview goes lol. I think Janet probably agrees with 95% of what Jon is saying, but she's trying to answer with solutions deeply within the system, which considering her job makes sense. She can dream all day long but she has to actually be the person to try to improve things within the limited influence and power she personally has. I do wish she stepped out of that a bit for the interview, even if she disclaimed it as wishful thinking... I genuinely think she probably agrees with nearly everything Jon was saying and she starts to agree with him, but then answers within the limited system we have today.
Is trying to improve the economic system a part of her job description?
@@daniel51020 Unfortunately not outside of her specific job authority, the rest of that lies with Congress.
Vote this up!
Jon! Run for president!
Somebody start a campaign to get him on board!
Love the way she pushes all responsibility and blame back on people. Well done.
It's to be expected. She is a political appointee of the President.
she is well programmed to provide the answers they want her to give.
@@grahamfloyd3451quit thinking in sides. Blue Vs Red, D vs R…. These are illusions.
It’s old rich people vs everyone else and they have everyone so distracted they can screw us all in the daytime and no one bats an eye.
You don't understand wealth and power...
Very ignorant comment and in today's world only a fool believes it
I don't think she puts any blame or responsibility on the people - on the contrary, she's saying it's a structural issue being faced.
"Janet Yellen has made at least $7m from speaking fees" - the Guardian.
'Nuff said
It is curious that you find this notable. She is a prominent public figure with significant insight into the worlds economics. You might not want listen to her but she is one of the most powerful people on earth, she is not just some hoochie momma.
Well this hoochie momma is simply not that smart as you think she is. These are simple questions she avoids when answered. That 9 mill, speaking fee’s was from citadel. That was bush money really and truly to not talk about what happened on January 28th. You want her deciding the future of your financial future? I don’t.
@@brownj2 Speaker fees and over paid jobs for self, friends and family are THE central problem with our lack of representation. This is straight bribery. She's not selling out stadiums, she's getting individual checks from corporations for her speeches. Her "financial expertise" is not used to make our country better. People like her helped Bill Clinton disenfranchise the "deplorables", caused 2008, bailed out the bankers while they double dipped and stole our houses in 2008, and led directly to the election of Trump by people who have rightly lost faith in Dems and R's. Many Trump voters said "fuck it. Trump's probably FOS, but i know Obama was. I know Hillary is. At least Trump will stir up some shit." Now Biden is carrying on with the same old corruption, struggling to justify failing his populist promises just long enough to lose congress and the senate in '22 so he can blame those darn R's golly gee. You better hope Trump gets re-elected in '24 cuz at least he's incompetent. I give it even chances between trump, and some truely monstrous demagogue. The mistake is D voters belive in "experts" while most of them are just corrupt. It's easy to look like a baller when you pull off the heist of the century. Trumpers went too far in the other direction and don't belive any experts. If you continue to let the media demonize rather than empathize the other side's voters we are doomed. We have common interests.
@@brownj2 Janet Yellen just announced that she's been a Republican this whole time.
She is one of the most accomplished economists of our time and led the federal reserve - no shit she gets paid to speak
Go, John, go. This type of journalism is your calling now. Start your company and interview all the deciders to tell us what their policies are, how they came up with those policies, and what are the consequences for the USA (people and corporations)!
the power of the people is NOT in your voice but in your vote
"People don't like their taxes increased."
People don't like starving either but I guess that is the sacrifice we have to make so that people with far too much can keep far more.
I don't even want them raised i just want YOU to HAVE to pay them like most people who don't pay accountants to cheat for yoy
@@coreygolphenee9633 Agreed. Let us start there.
@@Kilmoran i never forget that every developed country gets a pie graph of where the dollars they took from are going, if they did that in the US people would riot
@@coreygolphenee9633 You haven't seen the pie graph? It's [REDACTED].
@@coreygolphenee9633 and they owe many years of getting away with it! decades! so they should get taxed to the max!
Listen to her try to rationalize through that. Amazon using the post office is costing us a fortune, and an even better example than walmart. I’m constantly disappointed when I hear interviews where access is the main driver of conversation, it’s great to have Jon back. If every time these clowns go in public they faced these questions, things would get better. This woman had no answer and is part of the problem
Not to mention the roads. Thence, Amazon and Walmart both dumping HUGE investments into electric vehicle fleets to further bilk corporate benefits from taxpayer coffers.
Her lack of an answer was her answer. Not in touch with the American people!
The post office is self-sustained... Amazon also pays for it.
@HeyMildred
You're not wrong. The comments here are just an uninformed edgelord's paradise. I gave up this morning.
"Amazon using the post office is costing us a fortune" And that there is a Trump claim. It's false across the board. Amazon uses the Post Office and pays postage - the tiny reduction in price they negotiated was MORE than offset by the sheer volume of shipping. They "buy in bulk" so they pay less per unit, sure.
The other problem with that claim is the belief that the US Post Office is paid for with taxes - which it is not. It's always been self-sustaining.
The way he opens each interview with a fair playing field is generous. By the end of each interview he puts them to complete shame and he knew he could from the get.
Jon Stewart and Jordan Klepper both let people hang themselves and I love watching them hand over the rope 😂
Tell It Jon !!!!
0:45 as a kid of a family who lost our house in '08 it couldn't be any worse than what she described. These institutions are "too big to fail" and we the people are too small to help. Joker hours with Yellen here
she is paid to be a punching bag, go easy on the old lady.
What an incredible interview, especially how she dodges the facts that corporations have had huge tax breaks on top of loopholes and, they still break the tax rules knowing there’s no one to enforce the laws they break.
Yellen was one of those arguing at the time that the only people who matter in America are the capitalists. She's still arguing that same thing. Capitalists always make threats about how everyone else will hurt if capitalists have to play by the rules. But its the capitalists who became the landlord for half the country with all that money Yellen sent them. Those who lost houses could give a damn if Johnny Silverspoon would have lost his crooked company.
Yeah but if they move to another country they will be gladly accepted with lower taxes and cheaper labor. It's a free market on a global level
@@balboa-capital let them go, at least we’ll have pride in our workers pay 💰 They won’t have the republicans keeping them on corporate welfare elsewhere either
@@willperryman4559 But then that raises the prices of a lot of products we use. Are you willing to pay double for most products you use in exchange for pride?
@@balboa-capital that logic has to end at some point. By that logic, it's a race to the bottom where corporations pay no taxes and 0.01 cents as wages, but they still get to make record profits because "do you want them to leave?". Your kind of thinking is letting the tail wag the dog.
The fact she walked right over the fact that the money hose on ordinary people's mortgages would, also, have prevented those institutions from failing in the catastrophic way she described, it would just have done it in a way that where no-one lost their home. Also, losing your home IS as bad as the great depression.
He's talking about a problem that most struggling Americans will not see since they can't afford to get Apple+, this is the abbreviated version. Our world is so fucked up!
It's clear as day why, if we really look at it. We're living in an "economy" (and I use quotations marks because it is really an anti-economy technically speaking) that is about competitive advantage, buy, buy, buy, sell, sell sell, profit-maximizing and everything's up for sale. When everything's up for sale and people require money to get their basic needs met, you are not going to have the best and brightest or most moral people influencing policy and laws. You are going to get narrow, self-interests rising to the top.
The biggest challenge of our time is realizing the poisonous system we are living in and taking steps to change it so we have a livable, healthy future ahead of us. It's not impossible, it IS very difficult, but it is also, quite frankly, the least we can attempt to do when not changing the system is scientifically unsustainable.
1:52 Yellen: *shrug* "Um, you're in a capitalist system." That pretty much said it all. She doesn't give af.
Except when the big players are in trouble, then it is suddenly in the best interest of the community to bail them out...
Yes, and every other capitalist country in the world has solved this. High minimum wages, high taxes.
lets remember that America doesn't have a right-wing and left-wing party. by global standards, they have 2 right-wing parties
@@lenkacfk7155 which it is, honestly. It's the government's job to save businesses and consumers where the system fails. Well that, and improve the system :-)
She might car but is useless and helpless. She is the corrupted system. I wonder if one bank, one politician lost their home.
When politicians like her say they're "very focused" on this and that, I usually take that to mean they're not doing anything. The problem is very simple, and the solution is very obvious.
Ok so what’s “the solution”? Why wouldn’t these problems be hard to solve?
Mr Stewart you need to interview Thomas Sowell. About this exact problem: where is accountability in today’s economic structure? He’ll surprise you.
Jon does a wonderful job of this. Obviously, she can't give him a valid response, because there isn't one...and many of her responses are capitalism talking point (e.g. they'll go somewhere else), which is nonsense and has been proven to be. Corporations don't "move out" of the US because of higher taxes.
Capitalism - the best/ worst, worst/best system there is.
Lol agreed. You think wallmart can just put their massive stores anywhere? They put them where they can sell the most and that is america
People act like tariffs wouldn't work against these businesses. I get consumers pay for those but if they force the price of good up to where people don't buy it then the company will stop getting importers willing to pay for the goods in the first place.
You are misinterpreting her comments on companies threatening to move out over high taxes. Did you know that she has a plan to have a minimum corporate tax worldwide so that companies can’t evade taxes by moving to 0% tax countries? For example, Apple’s European headquarter is based in Ireland because they struck a deal with the Irish government for low taxes.
The valid response is what do you think the word Capitalism means?
I feel like he has to pull his punches a bit, otherwise he risks having the access to people he’d like to ask harder hitting questions. That’s a tough spot to be in for one of the people who are really trying to unpack the fiscal problems of our times in regards to the “disappearing middle class, who were the backbone of the economy that got the executives of the profitable companies very rich, and then moved their bases of operations out of country, to increase profits, but leave the workers & families who got them there, out in the cold.”
She knows what the issues are, but her “OhWell” attitude speaks more than anything said “allowed”.
Nice play on words mate!
She can’t do anything about it. She doesn’t have the power to change laws. She’s just saying everything in a matter of fact way because that’s how it is. If you don’t like the laws, vote for politicians that will change them or bother them enough until they do.
John nailed it. Free market is free market. Free market where the government picks winners and losers and hands out subsidies isn't free market.
Have you noticed how well he mirrors the pace and rythm of his guests to connect so well with them. I loathed listening to her (only because I know every word is guarded by fear of messing up markets or annoying our corporate overloards) but her last statement? Uhm…yeah….yeah that’s exactly right! Didn’t think I would end this agreeing with her in any way
Makes me sick to listen to Jon speak to these people...he gives them simple alternative solutions and all they do is talk in circles about why the current failing policies and processes are still in place.
At least he is asking them real questions wich is something fox news and cnn will never do.
@@ramonserna8089 I agree he is a much better interviewer...but no matter who or what the questions are the outcome is the same...no accountability for people in authoritative positions or corporations in
Technically the answer is correct. A company like Walmart should pay more taxes if their employees are receiving government subsidies and Walmart should lose rax breaks for wherever they are not paying a living wage in the states and cities where their workforce is located. We have to recognize that large companies pay little taxes because state and local governments provide tax breaks to attract jobs rather than stipulating that the jobs provide living wages and access to employee benefits.
Yup
Make no mistake about what's going on here. Jon isn't there to get to the bottom of anything or confront these people. He's there to bail them out.
This is so hard to watch. Thanks for asking these basic and important questions, Jon!
He's trying to salvage their image.
My husband suffered a stroke because of the 2008 crisis, he is paralyzed a nd aphasic
It was a great depression for the commin people, the bankers survi ed just fine but the people didn't
I'll give her credit, she has her answers ready
Jon Stewart for POTUS
These are the kinds of questions I wanna hear answered by credible people like her. Thank you Jon Stewart in coming back. We need quality talk shows like yours....
“There’s a big problem, and we’re going to fight the problem with the the same solutions that got us here since 1970’s!” Don’t expect anything to change until money is taken out of politics.
And a mandatory retirement age. No more octogenarians!
And don't expect the money to be taken out of politics until the system changes.
I've said that myself for years. It should be illegal for the self interest to legally bribe politicians. That has never helped this country out in the grand scheme of things...just individual corporate powers. I ask myself, "whatever happened to government of the people, by the people and for the people?" We have a marriage that has taken place a while ago. Forty years ago corporate America has proposed to Uncle Sam and Uncle Sam said yes...the very definition of a fascist form of government. Mussolini defined it for the world.
Both parties have failed this country! We need a third party and it's not going to be Andrew Yang's forward party. No, not after he circumvented a question about accepting corporate money.
Let's not forget about "Citizens United" legally allowing corporations which are considered people now to give an unlimited amount of money to spend on elections. Those justices who helped pass this law say it's not necessarily corrupting. Who are they kidding?
We need a progressive third party and to repeal Citizens United.
Mr. Stewart, I love your take on the American taxpayer subsiding corporations. A business model that relies on someone or something else other than their work product to make a profit is not a viable business in a free market. I have been saying this for years and I’m really happy to hear someone with a national platform say it. I do think that you were playing softball with this interview. I understand that you wouldn’t get interviews, that matter if you attack every individual. I also understand that this issue is one of the most important issues our country faces. Please keep up your efforts to explain simple concepts about the so called free market economy that America brags about. It’s not a free market in any sense of the word. I personally don’t want a completely free market. I want one that benefits people in the opposite way our economy currently does.
She always sounds like she's about to burst into tears
She's lying!! How would the banks lose if people were given money to pay their mortgages TO THE BANKS!!!
Clearly you don't know how much it costs to maintain a yacht.
I'm glad I'm not the only one yelling this at the screen.
@alex Could start with only allowing people to apply for assistance with one mortgage. Then single families who live in their home could survive and refinance without being put on the street. Regulating the rate on mortgages is another idea. Buying distressed assets would have seen the government inject cash into banks and then have the home as an asset to use for low income housing assistance programs to stem the massive homelessness crisis in the US. Their were a lot of things they should have done, but fire hosing the banks with cash was the easiest way to fill their campaign coffers.
We're being _played by lyres as Rome burns._
@@8BitNaptime 😂 well, that is true.
The fact that it was so hard for her to say the things we all know as facts shows how corrupt the system is. She seemed truly scared to say the wrong thing.
A lot of wisdom here.
I was getting that exact feeling, lol. She seemed very nervous about what he was asking, lol.
Holy cow I miss John Stewart!!! I would love to see him interview all presidents and every CEO
The Walmart analogy is such strong argument and Sec. Yellen is doing a good job of avoiding the crux - Walmart should be forced to pay higher employee wages and avoid utilizing government programs (food stamps, subsidized housing, etc.). Walmart avoids paying Federal and State taxes as aggressively as possible, demands local tax subsidies to operate and pay as little as possible to employees while senior executives rake in bonus after bonus. It's obscene.
It's truly heartwarming to see Jon Stewart back at it. It's so refreshing to see important issues actually brought to light and discussed, despite them not really going anywhere.
As much as I miss the (og) Daily Show, I’m loving this new show. Jon’s a much better interviewer than anyone at CNN or MSNBC, not to mention Fox.
This is like watching a conversation between dumb and dumber.
John Stewart should run for President!!!!!
Every politician when they are in a corner:
"We are proposing..."
"There's a lot of truth in what you are saying..."
true, but the infrastructure bill currently being negotiated is supposed to restore significant funding to the IRS to collect billions in taxes that are owed, but simply never collected. So she has a point.
"We're really focusing on..."
@@derosa1989 it ain't every day Joe that needs to be squeezed more though. Let's see who the revamped IRS focuses on.
Fatalistic elitism sounds so much nicer when it comes from a soft spoken old lady, eh?
Nah, it just sounds more pathetic.
@@waltergrace565 didn't sound nicer to me. My souk is on fire right now. I am pissed.
@@pharag4886 I hear, ya. But, hey, brought to you by Apple TV.
@@waltergrace565 right. There is a heavy amount of irony in that lol
Please look up who Janet Yellen actually is. She and her husband were fighting on the front lines when economics was being dominated by Milton Friedman and the elitist Reaganites. Yellen was one of the best US Fed chairmen/women (unemployment down from 6.2% to 3.9%, low and steady inflation). When I was studying economics, she wasn't in that position yet, and it was the high hope of progressive economists for her to become Bernanke's successor. She did succeed at getting the job, and did it wonderfully well.
I love when he goes "Mhm"
As long as syndicates are crippled …no change at sight to put the rights to survive decently as a salaied person. PERIOD
“Jon run for president in 2024.”
Sincerely,
America
LOL! Good luck convincing him to take that job.
@@rayblake4093 it’s worth a shot
Even if he ran and won good luck in pushing through his agenda. You'd have more shit heads like Manchin and Sinema blocking it.
@@TheMr02drop Maybe so but within those 4 years (maybe 8) he will unapologetically say what needs to be said, he won't be "political" and he won't make decisions with lure of money from special interest groups. He'll be the anti Trump, and if he fails to even get one law passed he will not have failed in waking up this country up.
@@TheMr02drop But he'd use the bully pulpit. Biden uses it to slowly preach bipartisanship when one side of the aisle completely refuses to play ball. I don't think Jon Stewart would have any issue addressing congressional opponents on any side of the aisle by name and, potentially by how many dicks they should eat.
Make them pay their fair share, HOW LONG HAVE WE HEARD THAT LINE, THE OTHER ONE I LOVE IS HOW ARE WE GOING TO PAY FOR IT
It's a deceptive line. Everyone can agree to 'fair share', but who gets to decide what is fair, that is the real question. That's always the real question.
They never ask how we are going to pay for it when it’s the military.
People STILL don't get it smh...the Federal government is the issuer of USD, it can pay for anything it wants in USD, its where USD comes from. The actual relevant question is how are we going to resource it? If we want bridges built where are we going to find the workers, machinery, concrete and other building materials, the US Federal government can always pay for these things, USD are typed on a computer.
@@henrygustav7948 You can't just print money and get rich; that's not how money works. Look at what happened to Zimbabwe. The inflation was so rough you couldn't buy practically anything with the currency.
@@TimoRutanen I never said print. I said the actual relevant question is how are we going to resource it.
Also look at Zimbabwe, they replaced skilled farmhands with unskilled workers resulting in a price increase which led to more money being created. The inflation caused the money printing.
He is authentic and speaks his mind. She is trying to fit the world to her logic and it’s breaking her brain.
This should be part of the regular news. A comedian asking better questions than a journalist.
{things that affect all us}
She talks to him like he's stupid she's baffled that he understands the system
Not sure where you read into that at....I saw a mutual exchange of dialog. Don't be such a drama queen.
@@garrydye2394 @@garrydye2394 Read into what? how does that even make sense? And a dialogue is when 2 or more people EXCHANGE legitimate information for both sides benefit. This was John Stewart asking this scum 😆 why she is so corrupt with their new policies and why she doesn't do anything about it. And she answered Every question with a dog whistle and no that's not a racist term but Democrats want you to think that it is. It's a way to HIDE and Mislead what the viewers who don't pay attention or just don't care or don't know any better about the topics. People are too dum to pay attention or at least really figure it out what's being said they would rather pretend it all makes sense to them 🤭. John asked why do billionaires screw over the workers that make them billionaires and she said they can because our policy they made allows it. These are the people telling the immigrants to come so they will have slaves to do these jobs for like 5 dollars an hour because they don't have a choice if they want to make money because they're not American citizens so they can't get a real job and they will be slaves to the billionaires "policies" basically the billionaires that are allowed to screw people over will fire Americans who deserve jobs and raises and offer the immigrants an "opportunity" to make chump change for jobs Americans are underpaid for OBVIOUSLY! A Dialogue bro? What world are you in? But anyway you have to actually pay attention to whats going on. Respect and faith in other people is not given its earned. That woman will send you the wrong way down a one way just to have 1 less problem Or competition.
@@garrydye2394 mutual? She responded with barely on topic and off topic scripts. gaslighter.
Philly Phresh, Totally Agree ! But then. She’s quite Silly..and Never really made any coherent speech ever. She has signed up with the rest to destroy America. Welcome to her favorite professor Henry Kissinger ; when she went To Stanford. They quiver at the thought of Control.