Program:  Cavuto Coast to Coast
Date:  6/27/2022
Station:  Fox Business News
Time:  12:00PM

DAVID ASMAN: Kingsview Asset Management CIO Scott Martin is here with me now. Scott, you lived there 25 years. Have you ever seen it this bad?

SCOTT MARTIN: No, it’s getting bad, David. And after the facts that Grady laid out about the taxes alone, I’m moving. You know, I’m calling the moving company right now. David, we’ve actually been talking about it for a while and still have some things here we got to take care of. But I do look at relocation a lot. Just like was pointed out about Citadel and Ken Griffin. The funny part about what I think the experience that Ken Griffin had was, as Grady said, he tried to put money in to the races, $50 Million or so if you count it. Right. With respect to getting as they as they said here, David, they tried to vilify the guy for basically trying to dominate the election and take over and things like that. He’s trying to improve the business climate and the social climate of the city and he gets wrecked for it. And that’s the problem with the politics too many times.

ASMAN: That’s a problem with politicians everywhere, starting at the top, starting with President Biden. I mean, he he says we need oil and then he vilifies the people who produce it. I mean, it’s it’s so common where you want everything, but you’re not willing to incentivize anybody to get it.

MARTIN: Right or make consequences. I mean, Lori Lightfoot, state’s attorney, Kim Fox, come out and say, we don’t want gun violence. We want everybody to enjoy the beautiful city, which it is. I mean, look at this behind me, gorgeous. But guess what? Like it was pointed out in one of the comments there, people are scared to walk around. Yeah, people are nervous. And the consequences, David, don’t exist. The reform of cash bail, the fact that people get out when they commit an aggressive crime, they go back on the street, recommit the crime, get out again. How does that deter people from going out and hurting innocent people?

ASMAN: Yeah, well, 34% increase in violent crime. I don’t think there’s ever been a case where year over year there’s been a 34% increase in violent crime. Where do Pritzker and and Lightfoot live, by the way? How can they how can they remain in a bubble so, so totally ignorant of what’s happening to the people around them.

MARTIN: In the city. And the great question about that is they get security just beefed up around their home,

ASMAN: of course. I mean, that’s. The whole thing. Like we should mention, by the way, for those we should mention for those who don’t know that Pritzker is a billionaire. So he even if he didn’t get public for protection, he could he could afford it himself. But, you know, it hit very close to home, as I’m sure you know, Gianno Caldwell, who’s a wonderful, wonderful person who works here at Fox. There he is with his younger brother, much younger brother who was killed on Friday as a result of gun violence. We don’t know all the details, but he was murdered. It was it was the worst day in Gianno’s existence, as he put it, when it when it hits people. Do you know anybody personally who has been affected by that uptick in crime?

MARTIN: A lot of them, David. I mean, folks who have been either robbed or carjacked or in the case of Janos Young, dear brother, folks that know, people that have who’ve been killed on the South Side or anywhere, frankly. And this stuff just keeps repeating. David. And the sad part about it is what’s what’s what’s great about what G.A. said is hopefully this brings to light some some focus that we need on this stuff because unfortunately, as you mentioned, how bad the stats are, David, when the stats get so terrible, a couple killings here, a few more carjacking, their robberies, their attacks, those kind of go under the radar because it’s like, oh, well, the the data is already bad. You know, the data has already been shocking. So more it just doesn’t seem to pile on as much as it used to because like you asked me in the first question, it’s gotten so much worse that it’s kind of like it’s kind of standard. And that’s the attitude a lot of the folks have here, and that’s got to change. And that changes. Your thinking. Of movie presentation.

ASMAN: By the way, a lot of I don’t know what Pritzker’s talking about when talking about people moving back because the stats are clear that people are voting with their feet, they’re leaving Illinois. I think it’s the leader. That’s the only thing that leads in is the number of people leaving the state. So it’s a horrible state and they.

MARTIN: Or they move here, David. They move here for a couple of years and then they leave. They try it and then they’re say, We’re out of here. We’re sorry we came back. Buh bye.

ASMAN: By the way, any chance of that Republican Richard Ervin winning?

MARTIN: I doubt it, because you know what? Pritzker’s got a stranglehold on the on the on the state because of a lot of the history here. And the problem is, to a lot of the voters in Chicago, very, very liberal and very focused towards the Democratic side.

ASMAN: They’re going to go bankrupt then because you lose the people and you lose the tax revenues and you go back. Unlike the federal government, you can’t print your own money.

MARTIN: Could be the. First state to file bankruptcy. The city might. Hello, Detroit. Yeah.

ASMAN: All right. Thank you so much. Good to see you, Scott. Good luck in Chicago. We appreciate you being here.