President Trump Ask Venezuela How Did Nationalization Of Their Businesses Work Out
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[President Trump Ask Venezuela How Did Nationalization Of Their Businesses Work Out]
[Reporter:] Source: LYBIO.net
When it comes to the Defense Production Act we know that Governors across the country all day today we’re pleading with you to utilize the DPA saying that they need it –
Depends which Governor your talking about.
[Reporter:] Source: LYBIO.net
– specifically for that allocation fees that you mentioned Mr. Navarro. Why not use it now if that would answer their pleas for help?
No, we are using it now. The fact that I signed it it’s in effect, but you know.
We’re a country not based on nationalizing our business. Call a person over in Venezuela. Ask them, how did nationalization of their businesses work out? Not too well.
The concept of nationalizing our business is not a good concept but I’ll tell you why – as Peter said, we may have to use it someplace along the chain, but we’re getting calls.
Here’s the beauty of it.
If we go out, and we want, let’s say masks, we don’t know who to call on masks – but Hanes who makes things of cotton, various elements, lots of things, it’s a great company. They called us and they said we’re going to make millions of masks.
We got a call today from 3M and there’s a big article today the head of 3M. They’re going to make tremendous products. And they’re more or less in that business and if they’re not, like for instance.
General Motors spoke to us.
Ford spoke to us about doing ventilators.
The beauty is they’re calling us.
If you go the National route – Nationalization route – we’re going to tell a company to make a ventilator, they don’t even know what a ventilator is. In the case of one company, they used to make them years ago, and they know how to make them.
[President Trump:] LYBIO.net
You know, it’s a very complex piece of equipment, frankly.
So what we’re doing is – I think Peter said it; maybe better than anybody is going to say it. We have the threat of doing it if we need it.
We may have to use it somewhere along the supply chain in a minor way, but we have millions of masks being done, we have respirators, we have ventilators, we have a lot of things happening right now.
So just the threat of using it, but using it’s actually a big deal. I mean, when this was announced, it sent tremors through our business community and through our country, because basically, what are you doing? You’re talking about, you’re going to nationalize an industry or you’re going to nationalize – you’re going to take away companies. You’re going to tell companies what to do.
The truth is, most people, nobody would know where to start.
There are companies out there that you wouldn’t think of, that have called us, that say, we can do ventilators, we used to do them years ago.
And they can do them in large quantities.
Other companies –
If I call companies and say, ‘you build ventilators’, they don’t even know what a ventilator is.
So it’s really working out very well.
One of the reasons I read the numbers to you is, because we’ve given vast numbers of just about everything, we’ve taken it out of our supply, out of our supply, and we’re restocking our supply, but we’re really backing up the Governors.
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President Trump Ask Venezuela How Did Nationalization Of Their Businesses Work Out. We’re a country not based on nationalizing our business. Call a person over in Venezuela. Ask them, how did nationalization of their businesses work out? Not too well. Complete Full Transcript, Dialogue, Remarks, Saying, Quotes, Words And Text.