Trump Selects Exxon Mobil CEO as Secretary of State

The transcript discusses the potential confirmation of Rex Tillerson as Secretary of State, highlighting Republican doubts and the implications of his business background. It explores Tillerson's relations with Russia and contrasts business acumen with diplomatic experience. The conversation also touches on the financial benefits for executives entering government roles, such as deferring capital gains taxes.

What is the main concern of some key Republicans regarding Rex Tillerson's confirmation?

• His lack of experience in business

• His relations with the President of Russia

• His stance on environmental issues

• His educational background

What is one argument in favor of appointing business leaders like Tillerson to government positions?

• They can bring a new kind of expertise

• They have extensive diplomatic experience

• They have a long history in politics

• They are familiar with military strategies

What is a potential risk mentioned about appointing business leaders to diplomatic positions?

• They might not understand economic policies

• They might prioritize business over diplomacy

• They could increase government spending

• They may lack negotiation skills

What financial benefit do government appointees receive when selling stocks?

• They can avoid all taxes

• They receive a government bonus

• They get a higher stock price

• They can defer capital gains taxes

How can appointees defer capital gains taxes on stock sales?

• By keeping the stocks indefinitely

• By investing in real estate

• By purchasing treasury bonds

• By donating to charity