Children's Television Chop Shop

  • Aired:  10/08/12
  •  | Views: 55,900

Leading financial analyst Lou Dobbs uses questionable math to compare the costs of "Sesame Street" and big oil tax breaks. (2:53)

AS YOU KNOW, LOOK, WE FACE A GROWING DEFICIT AND DEBT PROBLEM IN THIS COUNTRY THAT MITT ROMNEY HAS VOWED TO FIX.

WHILE HE'S NOT SPECIFIC ABOUT THE MEASURES, THAT ALL CHANGED AT LAST WEEK'S PRESIDENTIAL DEBATE

>> I'M SORRY, JIM, I'M GOING TO STOP THE SUBSIDY TO PBS.

I'M GOING TO STOP OTHER THINGS.

I LIKE PBS.

I LOVE BIG BIRD.

I ACTUALLY LIKE YOU TOO BUT I'M NOT GOING TO KEEP ON SPENDING MONEY ON THINGS TO BORROW MONEY FROM CHINA TO PAY FOR IT

>> Jon: PACK YOUR TOTE BAGS AND RIDE THE HIGH CULTURED TRAIN BACK TO CANCEL TOWN.

YOU CAN TAKE YOUR INVISIBLE ELEPHANT FRIEND WITH YOU, YOU EIGHT-FOOT TALL YELLOW FEATHERED FREAK.

WHO FIRES BIG BIRD?

LOOK, AFTER THE INITIAL ELATION OF GETTING A SPECIFIC... SETTLE DOWN.

AFTER GETTING A SPECIFIC FROM ONE OF MR. ROMNEY'S PLANS WHICH FELT VERY GOOD CAME THE REALIZATION THAT THIS MOVE TO

CUT SESAME STREET MIGHT NOT DO THAT MUCH TO ADDRESS THE $16 TRILLION DEBT.

WELL, YOU COULDN'T BE MORE WRONG.

>> THE NUMBERS ARE TRULY TROUBLING

>> IT TURNS THAT OUR OUT OF CONTROL SPENDING INCLUDES ROUGHLY $450 MILLION GIVEN EVERY YEAR TO THE CORPORATION FOR

PUBLIC BROADCASTING, $8 MILLION OF THAT GOING TO -- THAT'S RIGHT -- SESAME WORKSHOP AND BIG BIRD.

>> Jon: $8 MILLION.

WHY, THAT'S ONE $6 MILLION MAN AND THEN 20 $100,000 BARS.

NOT REALLY A HUGE LINE ITEM IN THE FEDERAL BUDGET.

FOR A GUY LIKE LOU DOBBS, ENDING THESE CORPORATE HANDOUTS, NO MATTER HOW SMALL, IS ABOUT PRINCIPLE

>> PRESIDENT OBAMA TODAY CALLING FOR AN END TO $4 BILLION OF TAX BREAKS FOR BIG OIL.

$4 BILLION AMOUNTS TO -- ARE YOU READY?

-- IT REPRESENTS 0008%.

$5 TRILLION, AND THIS PRESIDENT IS FOCUSED, FOR WHATEVER REASON, IS .0008% OF THE PROBLEM.

>> Jon: FORGETTING FOR JUST A SECOND THAT $4 BILLION IS NOT .0008% OF $5 TRILLION BUT IN FACT .05%, WHAT'S A COUPLE OF

ZEROS BETWEEN LEAD FINANCIAL ANALYSTS ON A BUSINESS NETWORK?

BUT LET'S FOCUS ON THE ARGUMENT WHICH APPEARS TO BE THAT $8 MILLION IS GREATER THAN $4 BILLION.

IN THE WORDS OF A CERTAIN MATHEMATICALLY INCLINED VAMPIRE, I BELIEVE THE QUOTE WOULD BE "THAT'S BULL

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