John Stossel, tonight at 8:00p ET on the FOX Business Channel
GLENN: I want to go right to John Stossel who has crony capitalism that he is exposing on his program on FOX. What time does your show air on FOX, John?
Stossel: It airs at ‑‑ unfortunately, not on FOX but Fox Business.
Glenn: Fox Business, yeah, yeah, yeah.
Stossel: Which not everybody has, but it's 8:00 eastern time, 7:00 Central.
Glenn: Oh, good. So, they only put you up against O'Reilly.
Stossel: I'll crush O'Reilly.
Glenn: So, it's no big deal.
Stossel: And then I repeat against 20/20 on Friday and I'll crush 20/20.
Glenn: I'll tell you, this is ‑‑ I've been watching you develop this story here and you're going to break the news today and do the whole story. This is ‑‑ this is one of the more amazing stories and it's hard to amaze me now, but this is one of the more amazing stories about what our country and what our government has turned into and there is no fear of getting caught, it seems, because this one's easy to put together. Tell us what you found.
Stossel: We found that there are ‑‑ the window business is suffering, like many, in this recession and Anderson is suffering, Marvin, Elaine, but this one little company that's doing really well. Gee. Why? And suddenly we find the Vice‑President shows up at the company to plug it and the President mentions the company by name and last week they get a special tax credit that goes to no other window company.
Glenn: Okay. Hang on just a second. Wait, wait, wait. The Vice‑President was there? The President mentions them by name. Have they mentioned, like, pal low windows?
Stossel: Never. Never mentioned any other window company.
Glenn: Well, they must be making something special?
Stossel: No. They have good windows, apparently, but no evidence that they have anything superior.
Glenn: There's no special green anything in these windows?
Stossel: Oh, they all claim to be green and they're getting green money.
Stossel: Subsidies for weatherization.
Glenn: Subsidies for weatherization. Oh, because we're all keeping our homes warmer without using as much heat because we have these great windows
Stossel: Well, the Anderson windows would do that, too.
Glenn: There's not some sort of special weather stripping on these windows or anything?
Stossel: Not that I know of, not that we could find.
Glenn: Uh‑huh. So, what did you find?
Stossel: We found that the head of the weatherization department of the Department of Energy is sleeping with the vice‑president of policy for the company and that the company gives money to the Obama campaign.
Glenn: Yeah, but what did you find that would be incriminating? What did you find that might lead someone to believe there was something, you know, sleazy going on?
Glenn: (Laughter.) John, how can ‑‑ I mean, the arrogance of these people astounds me, that they just don't care. I mean, how hard is it to figure out, because they're not just sleeping together. They're married, right in
Stossel: Yes. They're married.
Stossel: I misspoke. I don't know that they're sleeping together. Some married couples don't, but they are married.
Glenn: So, they have ‑‑ they're married and she is ‑‑ she oversees, like, the weather stripping stuff, right?
Glenn: So, she would be the one that would ‑‑ what's her job exactly?
Stossel: Well, whoever knows what exactly these jobs are, but she's in charge.
Glenn: What's it supposed to be?
Stossel: Giving out all this money for weatherization, giving out tax credits, giving out stimulus funds. I have a list of her jobs somewhere and, you know, in fact, what she has disclosed, her marriage, she has said that she's going to recuse herself from anything having to do with this company, but basically she would have to recuse herself from her whole job, her whole job is weatherization.
Glenn: Weather stripping. Do you think, John, that maybe the government has gotten too big when we have somebody that we pay for in tax dollars in charge weather stripping?
Stossel: And for the thousand other reasons that you mention all the time.
Stossel: This one tiny example, because people say we need more safeguards to keep this kind of thing from happening or disclosure, but the truth is we just need limited government. That solves it.
Glenn: Let me ask you this, John: I saw Hillary Clinton talking about Haiti today and she said, I want you to know we're going to spend a lot of money in Haiti, but we're developing systems to make sure that none of it is wasted and we'll know where every dime goes.
Glenn: Does that fill you with confidence?
Stossel: There will even be rip offs in the systems that they install to keep track of the money.
Glenn: Oh, of course there will be. Of course there will be. One last thing. The ‑‑ have you heard the President and his tax on banks?
Stossel: Let me see. The British are taxing. First they give them money and then they tax it. Well, yes, the President is talking about taxing the banks because their profits are almost as big as the Feds.
Glenn: No, no. This is something new. What they've done is he's decided that we have to get this TARP money back. So, let's just say that you're, you know, Bank of America and let's just claim that you paid it back. You're still going to get hit with a fine and a heavy tax because in that TARP money they also gave money to GMAC and GMAC, let's say, use them as an example, didn't pay it back. Well, somebody has to. So, the banks are going to pay for it.
Stossel: Which means they'll loan a little bit less and the banks will pass it on to the economy.
Glenn: How far are we from capitalism and how close are we to ‑‑ I don't even know ‑‑ some sort of an oligarch, oligarchy here in America?
Stossel: Well, close. I call it clone knee capitalism tonight. My wife tells me that's a bad title, nobody what it means, but we're certainly telluding the free market. It's not a free market. It's a bent market. It's a manipulated market.
Glenn: John Stossel, tonight at 8:00 on the FOX Business Channel. You don't want to miss it. And, John, I have to tell you, I'm glad you're on our side. I really am. I really am. Thanks.
Stossel: It's great to be here. I have to make one suggestion to you. When your voice is going and you're interviewing Sarah Palin, you really should tell people at the beginning that your voice is going because it ‑‑ otherwise, all your enemies and you have more than anybody are going to say, look. He's pretending to cry.
Glenn: Is that what you thought? Is that what you thought the whole time?
Stossel: Not the whole time, but at the beginning I thought, what, is he breaking up here? And then I realized it was your voice.
Glenn: Can I tell you something? You're so right. I was on with our affiliate in Chicago today, WIND, and he said, you know, And you started talking about, you know, your past and, you know, you needed redemption more than anybody else, he said, and you got very emotional. I said, No, I wasn't emotional. I was losing my voice and then I went (clearing throat.) Excuse me. So, you're right, John, and that's a good safety tip. You've been in television more than I have. A lot longer.
Stossel: At least they don't hate me as much.
Glenn: Oh, I don't know. We could take a survey at ABC. I think they probably hate you, maybe more than me. John Stossel. Thank you so much, John.
Stossel: Thank you, Glenn.