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Nicholas Begich: “More than half the banks in Anchorage actually went out of…”

Featuring: Nicholas Begich, Republican | U.S. House Alaska At-large District

Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska

Published June 1, 2024 | Video Starts at 03:36

And around that time, the oil economy in Alaska busted and it threw a lot of families and a lot of businesses into chaos. I think More than half the banks in Anchorage actually went out of business [during the oil economy bust]. And my parents, through all that turmoil, split up and I ended up with my grandparents on my mom's side and my grandparents are actually dyed in the wool Bible belt republicans from Missouri. (03:36–03:40)

CLAIM

Asserts that over half of Anchorage's banks failed during the oil economy downturn.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Nicholas Begich

“I was the youngest person at my leadership level at Ford out of 1100 people as a supervisor within the technology group.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 06:33-06:42
“My very first project there, it was about $200 million in capital expenditure that I was responsible for as a program manager, and we saved…”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 06:41-06:55
“At the time, we were the fourth largest company in the world. We had over 400,000 employees worldwide.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 07:52-07:58
“Today we've got about 150 people across three countries that build applications and mostly for startups.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 10:25-10:34
“We've actually taken equity stakes in around 70 businesses in the last twelve years.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 10:54-10:59
“It was over 1000 high paying us jobs that were created from the companies that we have been working with.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 11:08-11:15
“I became the GOP finance co chair, the state Republican Party co chair under first Tuckerman Babcock and then later under Glenn Clary.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 12:37-12:47
“I joined the board of the Alaska Policy Forum a little over three years ago and became their board president.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 13:09-13:17
“There's another organization I'm a part of called the Club for Growth.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 13:25-13:29
“The infrastructure bill started out as a Democrat bill.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 17:35-17:44
“Democrats chose to split [the omnibus package] in two and pass this one under the guise of bipartisanship.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 17:54-18:01
“The passage of the infrastructure bill unlocked the ability for the Democrats to pursue their more progressive agenda.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 18:08-18:21
“Only 13 Republicans voted for [the infrastructure bill] in the House.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 18:34-18:34
“There's, I believe, about $500 million for something that they're calling tree equity.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 18:41-18:48
“There's at least a billion dollars for DC electrified buses.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 18:57-19:17
“There's $65 billion for mass transit on the east coast.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 19:07-19:14
“It's about $10,000 in spending per US household.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 19:43-19:48
“Congress has completely divorced itself from the accountability that they should have to each individual, taxpayer and citizen.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 20:08-20:18
“We have $30 trillion in debt and rising.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 20:25-20:31
“The pro act is a big labor bill put forward by the Biden administration.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 22:46-22:50
“It takes a good body of the law from California that they've used in that state to crush independent workers.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 22:53-23:09
“They're attempting to steamroll state laws across the country and federalize this law.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 23:09-23:15
“There's what's called an ABC test to determine whether someone's an employee or an independent contractor.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 23:27-23:34
“If more than 50% of your revenue is coming from a single source, you just automatically became that person or that company's employee.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 24:06-24:18
“It's shocking, really, to see any Republicans vote for that bill in the House, there were only five Republicans have voted for that.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 24:39-24:48
“Unfortunately, one of those Republicans was Don Young.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 24:47-24:50
“We've gotten tremendous support from conservative leadership throughout the state.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 27:18-27:23
“The federal work is critically important.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 29:01-29:04
“We're working on the site to get some policy positions out there right now.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 31:17-31:21
“Campaigns are expensive to run.”
Special Guest Nick Begich: A Brief History, The Next Generation, A New Direction for Alaska | Uploaded June 1, 2024 | 31:20-31:26