Can't Do Business in California, Trump's TikTok Defiance, Obama & Biden Tried Debanking Opponents
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Can't Do Business in California, Trump's TikTok Defiance, Obama & Biden Tried Debanking Opponents
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First, they focus on Lemonis stating very clearly that his company will not open stores in California because the taxes and regulations there are too burdensome and make it far too difficult to make a profit, keep employment stable, and keep prices reasonable. This is another black eye for the disastrous tenure of Gov. Gavin Newsom, who clearly cares far more about his own ambitions than the people he was elected to serve.
Next, they groan as the White House creates its own TikTok account. The move is unwise since the app is Chinese spyware. It's also a clear sign that Trump has no intention of enforcing the TikTok ban that became law last year and was upheld unanimously at the U.S. Supreme Court.
Finally, they dig into allegations from multiple banking executives that the Obama and Biden administrations aggressively pressured banks to "debank" or deny financial services to businesses like gun manufacturers and other organizations and individuals they didn't like. Jim explains how banks should have the right to refuse business from certain people or businesses but it's chilling for the government to try to force such actions.
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