After already labeling the tax bill that had just passed the House and Senate as "controversial," NBC's Samantha Guthrie put her own personal bias on full display when she asked House Speaker Paul Ryan, "Are you living in a fantasy world?"
Guthrie was combative with Ryan from the start, interrupting him several times as he tried to answer her questions about how he expect the tax bill to benefit the American economy. Then Guthrie showed Ryan and the audience the reason she was so combative: she doesn't believe the GOP plan can work at all.
“The problem is a lot of CEOs have said, really candidly, I’m looking at a list of CEOs that said, ‘We don’t plan to reinvest.’ What they’re planning to do is to do stock buybacks, to line the pockets of shareholders,” Guthrie stated.
The host wasn't done there; she had her anecdotal story ready to show that the Republicans were on the wrong track, citing the left's favorite businessman and supporter of numerous left-wing causes, Michael Bloomberg.
“Let me quote Michael Bloomberg, a billionaire hardly an enemy of business, he said, ‘CEOs aren’t waiting on a tax cut to jump start the economy, a favorite phrase of politicians who have never run a company – or to hand out raises. … It’s pure fantasy to think that the tax bill will lead to significantly higher wages and growth,’” Guthrie said.
“I’ll ask you plainly, are you living in a fantasy world?” Guthrie asked with a mocking laugh.
While Guthrie was relying on anecdotes, Speaker Ryan arrived prepared for the interview and cited surveys of manufacturers among others.
“I would compare that anecdote to just the surveys of businesses like the National Association of Manufacturers’ surveys which show the vast majority of businesses are going to do just what we say — reinvest in their workers, reinvest in their factories, pay people more money, higher wages. The data is very clear by the way, workers benefit from this through higher wages. It’s not a question of if, it’s a question of how much," Ryan said.
While Guthrie may think the GOP plan won't work, the fact is several high profile companies are already doing exactly what Ryan said.
AT&T and Comcast both announced bonuses for hundreds of thousands of employees, Boeing announced plans to spend hundreds of millions on new training programs to upgrade the skills of their workers and Wells Fargo announced it would raise its minimum wage from $13.50 to $15 per hour.
Something tells us this is just the beginning.