♪ ♪
>> Will: PRESIDENT BIDEN WILL
STEP AWAY FROM HIS
SOUTH CAROLINA VACATION TODAY TO
SIGN THE SWEEPING $739 BILLION
SPENDING BILL.
>> Steve: HERE’S THE THING, IT
COULD COST THE MIDDLE-CLASS AND
ESTIMATED $20 BILLION IN TAXES
OVER THE NEXT TEN YEARS.
>> Ainsley: FORMER
WHISTLE-BLOWER TELLING FOX NEWS
THAT THE IDEA THEY ARE GOING TO
GO AFTER THESE BILLIONAIRES AND
LARGE CORPORATIONS IS QUITE
FRANKLY B.S.
IT’S NOT GOING TO HAPPEN.
THEY ARE GOING TO DO THEMSELVES
BONUSES AND PROMOTIONS AND
REALLY NICE CONFERENCES, THE BIG
CORPORATIONS AND BILLIONAIRES
ARE PROBABLY SITTING BACK
LAUGHING RIGHT NOW.
HERE TO ACT AS HOST AND
EXECUTIVE PRODUCER OF "HOW
AMERICA WORKS" ON FOX BUSINESS,
MIKE ROWE.
HEY, MIKE.
>> HELLO.
>> Ainsley: YOU REPRESENT THE
MIDDLE CLASS.
THESE ARE YOUR PEOPLE.
HOW DO YOU FEEL?
>> I DIDN’T NO I REPRESENTED ALL
THE MIDDLE-CLASS.
ON BEHALF OF EVERYONE --
[LAUGHTER]
CAN WE HAVE BILLS THAT ACTUALLY
DO WHAT THEY SAY IN THEIR TITLE?
LIGHT, I WOULD LOVE IT, FOR
STARTERS, IF WE WENT BACK TO A
PLACE WHERE IT WAS JUST NUMBERS
AND LETTERS.
JUST A COMPLETELY ANODYNE --
>> Steve: ARE YOU SAYING THE
AMERICA RESCUE PLAN DIDN’T
RESCUE AMERICA?
>> I’M SAYING THAT IN YOUR NEXT
BLOCK YOU GOING TO MEET MY MOM
WHO WROTE A BOOK CALLED
"VACUUMING IN THE NUDE."
SHE DOESN’T REALLY VACUUM IN THE
NUDE, IT’S A METAPHOR.
IF THE INFLATION REDUCTION ACT
TRULY REDUCES INFLATION, WE CAN
START WITH A CONVERSATION ABOUT
THE NUTS AND BOLTS OF THE BILL.
BUT WE HAVE COME TO THE POINT
WHERE NOTHING ACTUALLY MEANS
WHAT IT SAYS, AND THAT GETS US
INTO AN "THE EMPEROR’S NEW
CLOTHES" KIND OF MENTALITY.
IT’S NOT ONE KID IN THE CROWD
SAYING GUYS NAKED, IT IS, WAIT,
AGAIN, IT DOESN’T SEEM TO
REFLECT THE THING.
SO WE’VE GOT TO PEEL BACK THE
LAYERS AND LOOK AT IT AND WE
HAVE TO HAVE THE CONVERSATION
WHERE, HOW DOES THIS IMPACT THE
MIDDLE-CLASS?
WHAT THE HECK DO I KNOW?
IF IT LIVES UP TO ITS NAME IT’LL
IMPACT THEM IN A POSITIVE WAY.
IF IT DOESN’T, IT’S ANOTHER PIE
IN THE FACE.
>> Steve: ABSOLUTELY.
AND THE ADMINISTRATION IS GOING
TO GO ON A VICTORY TOUR SAYING,
"WE GOT THE INFLATION REDUCTION
ACT."
PROBABLY NOT GOING TO SAY THAT
PART.
BUT THEY ARE SO PROUD OF THE
FACT THAT UNEMPLOYMENT IS
HISTORICALLY LOW RIGHT NOW,
WHICH IS TRUE, BUT IT’S OFFSET
BY GIGANTIC INFLATION NUMBERS.
THE REASON THE
PARTICIPATION -- THE REASON
UNEMPLOYMENT IS SO LOW IS THE
LABOR PARTICIPATION RATE HAS
NEVER BEEN THIS LOW IN A LONG
TIME, BECAUSE SO MANY PEOPLE
HAVE JUST DROPPED OUT.
>> IT’S ALMOST IMPOSSIBLE TO
HAVE A RATIONAL CONVERSATION
ABOUT THIS, BECAUSE IT JUST
FLIES PAST PEOPLE.
IT’S LIKE, YEARS AGO, WHEN I
STARTED MIKE ROWE WORKS, THE
SKILLS GAP IMPACTED 2.3 MILLION
JOBS.
BUT THE HEADLINE WAS THE NUMBER
OF PEOPLE UNEMPLOYED.
THAT’S WHAT WE ARE FIXATED ON.
TELL 10 MILLION PEOPLE OUT OF
WORK.
SO IT BECAME IMPOSSIBLE TO TALK
ABOUT A FEW MILLION OPEN JOBS.
SUPER LOW UNEMPLOYMENT, AND WE
STILL GET GET IT INTO OUR HEADS
THAT THE EXISTENCE OF ALL
THAT OPPORTUNITY MUST MEAN
SOMETHING.
IT MUST SAY SOMETHING ABOUT WHO
WE ARE AS A PEOPLE AND WHAT WE
ARE ELEVATING IN TERMS OF WORK,
AND I’M AFRAID WHAT IT SAYS IS
NOT REALLY GOOD.
>> Will: YOU TEASED IT A
MOMENT AGO, YOUR MOM IS GOING TO
BE COMING OUT HERE ON THE COUCH
AND JUST A MOMENT.
SHE HAS A NEW BOOK.
WE ARE GOING TALK ABOUT THAT.
MIKE ROWE WILL STICK AROUND.
YOU CAN CATCH "HOW AMERICA
WORKS, WITH MIKE ROWE," TONIGHT.
DON’T GO ANYWHERE, BECAUSE NOW
THE ROWES MULTIPLIED.