HIGHER AND GROWTH IS COMING
DOWN, THAT’S WHAT IT LOOKS LIKE
IT’S HAPPENING.
ARKANSAS CONGRESSMAN FRENCH HILL
IS WITH US NOW.
CONGRESSMAN, GREAT TO HAVE YOU.
THANKS VERY MUCH FOR BEING HERE.
WHAT WAS YOUR TAKE ON THE BANK
CEO’S THIS WEEK?
CONGRESSMAN: WELL, MARIA, IT’S
GREAT TO BE WITH YOU.
I THINK JAMIE DIMON IS RIGHT AND
I THINK JANET YELLEN IS TOO OPTIMISTIC.
SHE HAS A BEARISH ASSUMPTION.
I THINK JAMIE DIMON’S ASSESSMENT
IS BETTER.
I ASKED HIM IN THE BANK HEARING
AT THE HOUSE, SHOULD THE FED BE
FOCUSED ON PRICE STABILITY AND
NOT BE CONCERNED ABOUT RACIAL
EQUITY AND THINGS LIKE THAT IN
SOCIETIES THAT ABSOLUTELY THAT’S
WHY I’VE INTRODUCED LEGISLATION
FOR THE FED TO FOCUS ON PRICE
STABILITY BECAUSE INFLATION IS A
THIEF AND I HAVE TO TELL YOU
SINCE INAUGURATION DAY, JOE
BIDEN HAS HIT EVERY POLICY WRONG
AND HAS MADE OUR ECONOMY WEAKER
AND OUR FAMILIES MORE INSECURE
FINANCIALLY BECAUSE HE’S ADDED
REGULATIONS, ADDED TAXES,
CLOGGED UP THE ARTERIES OF THE
AMERICAN ECONOMY RIGHT AT THE
MOMENT WHEN IT SHOULD BE
GROWING.
HE INHERITED A V-SHAPED
RECOVERY, LOW UNEMPLOYMENT, LOW
TAX RATES AND WORKING
POPULATION.
MARIA: CERTAINLY FEELS LIKE JAY
POWELL IS THE ONLY ONE DOING
ANYTHING ABOUT INFLATION RIGHT
NOW BECAUSE WHEN YOU LOOK AT THE
RESPONSE FROM THE WHITE HOUSE,
IT’S JUST MORE SPENDING AND MORE
SPENDING.
CONGRESSMAN, DO YOU HAVE ANY
IDEA WHERE THIS RAIL DEAL STAND
BECAUSE IF WE DO HAVE A STRIKE,
DID THEY ADVERT A STRIKE AFTER
THE MIDTERM, IS THAT THE WHOLE
POINT OF TENTATIVE DEAL WAS AND
IF WE DO HAVE A STRIKE FROM THE
RAIL WORKERS, DOESN’T THE
ECONOMY SLOWING DOWN GET MUCH
WORSE?
CONGRESSMAN: ABSOLUTELY.
THE RAIL STRIKE HERE WITH THE
CLOGGED ARTERIES, THE ADDED
REGULATION AND THE ADDED TAXES
WOULD BE CATASTROPHE GETTING
BACK ECONOMY ON TRACK.
JANET YELLEN AND JOE BIDEN
SPENDING ANOTHER TRILLION
DOLLARS MAKES THE FED JOB’S
HARDER.
THE FED WAS LATE.
YOU AND I KNOW THAT.
MORE PAINFUL RATE INCREASES BUT
THEY HAVE THE HEADWINDS OF AN
UNLIMITED AMOUNT OF FEDERAL
SPENDING THAT JOE BIDEN HAS
GREENLIGHTED WITH HOUSE
DEMOCRATS AND SENATE DEMOCRATS
AND RAISING TAXES AND RAISING
REGULATIONS.
THAT COMBINATION MAKES THE FED’S
JOB EVEN TOUGHER.
MARIA: YEAH, AND WE DON’T KNOW
HOW THE RAIL COMPANIES ARE GOING
TO AFFORD A 24% INCREASE IN
WAGES AND WHETHER THAT STOKES
OTHER UNIONS TO START STRIKING.
ALL OF THIS IS SOME OF THE
REASONS THAT HOUSE REPUBLICANS
ARE SET TO UNVEIL THE COMMITMENT
TO AMERICA AGENDA TODAY,
CONGRESSMAN DURING FUNDRAISING
EVENT IN NEW YORK YESTERDAY,
PRESIDENT BIDEN MADE MENTION TO
HOUSE MINORITY LEADER KEVIN
MCCARTHY’S AGENDA ROLLOUT
CLAIMING THAT THE GOP WILL
REMOVE THE SO-CALLED INFLATION
REDUCTION ACT AND RAISE THE COST
OF SOCIAL SECURITY.
HE’S TALKING ABOUT REPUBLICANS
RAISING THE COST, CONGRESSMAN.
YOUR THOUGHTS?
CONGRESSMAN: TYPICAL POLITICS BY
JOE BIDEN.
KEVIN MCCARTHY WILL BE IN
PITTSBURGH, PENNSYLVANIA TODAY
ROLLING OUT OUR COMMITMENT TO
AMERICA THAT IF OUR CITIZENS
TRUST THE HOUSE REPUBLICANS TO
TAKE THE HOUSE THIS FALL, WE
WILL DELIVER ON PUSHING BACK
AGAINST JOE BIDEN’S FAILED
POLICIES ON THE ECONOMY.
WE WILL PUSH FOR POLICIES THAT
WILL MAKE AMERICAN FAMILIES
SAFER.
WE WILL WORK ON SECURING THE
BORDER, STOPPING THE OPIOID
CRISIS, FUNDING OUR POLICE AND
WE WILL HOLD THIS ACCOUNTABLE --
THIS GOVERNMENT ACCOUNTABLE FOR
THE FAILURES THEY’RE HAD NOT
ONLY IN FOREIGN POLICY BUT IN
DOMESTIC POLICY.
MARIA: YEAH, I MEAN, KEVIN
MCCARTHY SAID YESTERDAY HE’S NOT
GOING THE SIGN ONTO ANY MORE
SPENDING AND FUNDING BILLS
UNLESS THERE’S A FOCUS ON THE
BORDER AND THAT THERE’S SOME
FUNDING FOR THE BORDER AGENTS,
BUT LET ME GET YOUR TAKE ON NEXT
WEEK AND WHAT HAPPENS.
WILL THE GOVERNMENT SHUT DOWN
OVER THIS FIGHT ON THE FUNDING
BILL?
CONGRESSMAN: WELL, THE FIGHT
RIGHT NOW IS BETWEEN DEMOCRATS.
YESTERDAY I SPENT ALL DAY
MEETING WITH CONSTITUENTS FROM
ARKANSAS BECAUSE THE HOUSE
DEMOCRATS COULDN’T EVEN GET A
BILL ON TO THE FLOOR BECAUSE
PROGRESSIVES WANT TO KEEP
SPENDING MONEY, THEY WANT TO
STOP JOE MANCHIN’S EFFORT TO
SPEED UP ENERGY THROUGH REFORMS
TO ENVIRONMENTAL RULES.
IT’S HOUSE DEMOCRATS THAT HAVE
-- THAT CAN’T GET APPROPRIATION
BILLS PASSED THIS YEAR.
AND SO THE HOUSE AND SENATE
DEMOCRAT LEADERSHIP HAS TO
FIGURE OUT A WAY TO KEEP OUR
GOVERNMENT OPEN.
MARIA: SO IS THERE ANY CHANCE
THAT REPUBLICANS WILL BE ABLE TO
STOP THIS SO-CALLED INFLATION
REDUCTION ACT?
WE KNOW IT DOESN’T REDUCE
INFLATION.
WE KNOW THAT IT’S JUST MORE
SPENDING AND IT’S A CLEAN
CLIMATE BILL.
WILL YOU BE ABLE TO STOP IT OR
IS IT MOVING FORWARD BECAUSE JOE
BIDEN WANTS $80 BILLION
ALLOCATED TO THE IRS TO HIRE
87,000 NEW IRS AGENTS TO AUDIT
EVERYBODY?
>> RIGHT, IF WE TAKE THE HOUSE
BACK, WE CAN CHECK THAT AGENDA.
WE CAN TRY TO SHAPE IT THROUGH
APPROPRIATIONS BILLS THAT WE
PASS OVERSIGHT BY HAULING PEOPLE
UP FROM THE ADMINISTRATION TO
TESTIFY.
BUT IF WE REALLY WANT TO RESHAPE
THAT INFLATION PRODUCTION ACT
WHICH IS WHAT I CALL IT, WE NEED
TO TAKE THE SENATE BACK TOO.
WE NEED OUR CITIZENS ENGAGED.
WE NEED REPUBLICANS IN CHARGE IN
THE HOUSE AND SENATE AND THE
LEGISLATIVE BRANCH AND WE CAN
THEN TAKE ACTION USING BUDGET
RECONCILIATION TO RESHAPE AND
REDIRECT THE INFLATION
PRODUCTION ACT.
MARIA: I SEE.
OKAY.
MEANWHILE NO COMMENT FROM YOUR
COLLEAGUES ON THE LEFT ABOUT
THESE WIDE-OPEN BORDER.
CONGRESSMAN, ANOTHER MIGRANT BUS
ARRIVED IN NEW YORK CITY THIS
MORNING.
IT COMES AS THE DEMOCRAT
LAWMAKER IN FLORIDA FILED A
LAWSUIT SEEK TO GO BLOCK
GOVERNOR RON DESANTIS FROM
SENDING MY NOR MY GREATS TO
OTHER STATES.
HOUSE HOMELAND COMMITTEE
CHAIRMAN BENNIE THOMPSON IS
CALLING THE BIDEN
ADMINISTRATION, CALLING ON THEM
TO PROBE DESANTIS NOW.
CONGRESSMAN: LOOK, THIS IS ALL
POCK TICKS FOR THE MIDTERM.
I’M NOT WORRIED ABOUT 50 PEOPLE
WHO GET OFF BUS IN MARTHA’S
VINEYARD.
I’M WORRIED ABOUT THE 50 PEOPLE
THAT ROSE TO THE DEATH IN
TRAILER IN TEXAS.
2,000 PEOPLE A MONTH
ENCOUNTERED.
IT’S THE LARGEST OPEN BORDER IN
20 YEARS AND THIS TOO WAS
GREENLIGHTED ON INAUGURATION DAY
BY JOE BIDEN WHEN HE STOPPED ALL
THE TRUMP-BORDER POLICIES, SAID
THE BORDER WAS OPEN, AMERICA WAS
NOT GOING TO FOLLOW PRESIDENT
TRUMP’S POLICIES ANY LONGER AND
THAT’S CREATED THIS CRISIS AT
THE BORDER BY HIS OWN DECISIONS
HE’S TAKEN.
MARIA: YEAH, IT’S UNBELIEVABLE
WHAT MARTHA’S VINEYARD
LEADERSHIP DID.
THEY PUT THEM ALL ON A JET AND
SENT THEM TO CAPE COD.
YOU CAN’T WRITE THIS,