ONCE I HAVE THE INFORMATION,
THEY WILL DECIDE WHAT ACTION TO
TAKE.
DAVID: HILLARY VAUGHN, THANK YOU
VERY MUCH.
THE BIDEN ADMINISTRATION BLAMES
INFLATION ON THE PANDEMIC.
HOW MUCH ARE THERE POLICIES TO
BLAME, FOR MORE THAT’S BRINGING
CLAUDIA TENNEY AND HOW SMALL
BUSINESS AND FORMER LABOR
SECRETARY NOMINEE AND AUTHOR OF
THE NEW BOOK, IT’S TIME TO LET
AMERICA WORK AGAIN, ANDY PUZDER.
THANK YOU BOTH FOR JOINING US.
AND HE LET ME COME TO YOU FIRST.
BLAMING INFLATION ENTIRELY ON
PANDEMIC LEAVES A LOT OUT. FOR EXAMPLE IT LEAVES OUT THE
FOR EXAMPLE IT LEAVES OUT THE
FED PRINTING MONEY TO BUY UP ALL
THE GOVERNMENT DEBT THAT IS
ISSUED WITH DEFICIT SPENDING.
IT LEAVES OUT THE ROLE OF THE
BIDEN ADMINISTRATION ON SO MANY
THINGS INVOLVING THE SUPPLY
CHAIN.
INVOLVING KILLING OUR ENERGY
INDEPENDENCE THAT HAS LED A LOT
TO THE RISING GAS AND OIL
PRICES.
IT LEAVES OUT, FOR EXAMPLE, ALL
THE RULES THAT REWARDED PEOPLE
FOR STAYING AT HOME.
HOW WOULD YOU DEFINE OR
CHARACTERIZE THE ROLE OF THE
PANDEMIC DEFENDED THE BIDEN
ADMINISTRATION POLICIES WITH
INFLATION PROBLEM.
>> THIS IS NOT A SURPRISE, LAST
SPRING WITH THE BIDEN
ADMINISTRATION IS CONSIDERING
$1.9 TRILLION SPENDING SPREE ON
TOP OF THE 5.3 TRILLION THAT
WEIRD HE SPENT.
EVEN LARRY SUMMERS, SAID DON’T DO THIS.
DO THIS.
THIS WILL SET INFLATION ON FIRE.
DON’T DO IT.
A SET INFLATION ON FIRE.
HE WAS NOT THE ONLY PERSON
SAYING IT, HE SAID IT, I SAID
IT, STEVE MOORE, JASON, FOR
EVERYBODY SETTING.
THIS IS GOING TO CAUSE
INFLATION.
IT DID CAUSE INFLATION.
NOW THEY WANT TO GO BACK AND SAY
THAT WASN’T REALLY IT.
PEOPLE WERE FORETELLING THE
FUTURE, THIS IS VERY OBVIOUS
WHAT WAS GOING TO HAPPEN.
WE WOULD’VE HAD A LITTLE
INFLATION COMING OUT OF THE
PANDEMIC.
PEOPLE NEEDED TO GET BACK TO
WORK.
WE NEEDED TO GET THE ECONOMY
BACK IN GEAR.
THE REALITY IS THE BIDEN
ADMINISTRATION HAD DONE NOTHING. WE WOULD BE IN SO MUCH BETTER
WE WOULD BE IN SO MUCH BETTER
SHAPE THAN WE ARE TODAY.
DAVID: YOU LOOK AT THE NUMBER
ONE ISSUE, ECONOMIC ISSUE THAT
CONCERNS AMERICANS RIGHT NOW.
OVERWHELMINGLY IT’S INFLATION.
THE PROBLEM OF RISING PRICES.
SO MUCH OF WHAT THIS
ADMINISTRATION HAS DONE.
LET’S START WITH ENERGY WE LOST
HER ENERGY INDEPENDENCE.
IN LESS THAN A YEAR THE BIDEN
ADMINISTRATION WE LOST THAT ROLE
AND NOW THE FOREIGNERS ARE
SETTING THE PRICES AGAIN.
YOU DON’T HAVE TO GO MUCH
FURTHER THAN A LACK OF ENERGY
INDEPENDENCE TO SEE WHERE
INFLATION BEGINS.
>> OF COURSE EVERYTHING IS
CONTRIBUTING TO THAT.
AS ANDY POINTED OUT IS NOT JUST
ALL THE SPENDING CAUSING THE
INFLATION.
IT’S A CONTINUED SPENDING AS WE
LOOK AT THE POTENTIAL BUILD BACK
BROKE AND BUILD BACK BETTER.
WITHOUT HAVING ANY ENERGY
INDEPENDENCE.
WE HAVE ABUNDANT ENERGY
RESOURCES, THEY NEED TO BE
RELIABLE AS WELL.
WE ALSO HAVE INFLATION THAT
AFFECTS EVERYONE IN TERMS OF
ENERGY.
WHEN YOU THINK ABOUT THE PRICE
OF GAS GOING UP, WERE RELYING ON
OUR FOREIGN ENTITIES FOR GAS
AGAIN WITHOUT HAVING ENERGY
INDEPENDENCE.
THAT CAUSED THE CONSUMER MONEY
AND BUSINESSES MORE MONEY.
IT COST THE GOVERNMENT MORE
MONEY TO OPERATE IN MORE MONEY
TO OPERATE OUR MILITARY.
ALL THE COSTCO UP WITH A RAISE
TAXES THE COST OF DOING
GOVERNMENT AND BUSINESS FOR
EXAMPLE. YOUR SEE IN THIS WAY AROUND.
YOUR SEE IN THIS WAY AROUND.
I DON’T SEE AN END IN SIGHT.
WE DON’T SEE AN END IN SIGHT AS
WE ROUNDED THE COMPLETE ALPHABET
OF WHAT THE VARIANTS ARE GOING
TO BE.
WE’VE GOT TO LEARN TO LIVE WITH
THIS IN A SAFE AND RESPONSIBLE
WAY BUT NOT INCENTIVIZE PEOPLE
TO STAY AT HOME AND NOT CONTINUE
TO HAVE A DYNAMIC AND LABOR
FORCE WHICH IS THE PROBLEM.
WE HAVE SUPPLY CHAIN ISSUES,
RAISING PRICES.
WE TALK ABOUT SPECIFICS, WE DID
SURVEYS INTO A DISTRICT.
90% OF THE BUSINESSES THAT
RESPONDED TO OUR SURVEYS, THERE
WERE MANY THAT RESPONDED, THEY
SAID THEY HAD PROBLEMS IN SUPPLY
CHAIN, PROBLEMS OF THE COST
INCLUDING THE COST OF GAS
BECAUSE THEIR SHIPPING, TRUCKING
AND EVERYTHING ELSE.
80% OF OUR CONSTITUENTS
RESPONDED SAYING THEIR
THANKSGIVING COST MORE.
EVERYTHING IS COSTING MORE.
WE HAVE PROOF OF THAT INNER
DISTRICT IN UPSTATE NEW YORK.
DAVID: THE KEY TO THE
SUPPLY-CHAIN PROBLEM IS REALLY
THE LABOR SHORTAGE.
YOU DON’T HAVE PEOPLE AROUND TO
TAKE STUFF OFF THE SHIPS VERY
OFTEN THEY DON’T HAVE ENOUGH OF
A CREW.
IT STARTS WITH THE 11 MILLION
UNFILLED JOBS PROBLEM THAT WE
HAVE IN THE ADMINISTRATION ADDED
FUEL TO THAT FIRE AND MAKING IT
REWARDING PEOPLE FOR STAYING AT
HOME.
NOW BY THE WAY THEY ALSO ADDED
MORE FUEL TO THE FIRE WITH
LUMBER FROM CANADA.
MAYBE THERE WOULD BE A GOOD TIME
FOR THAT IN THE FUTURE NOW YOUR
PAIN TRIPLE OR QUADRUPLE WITH
THE PRICE OF LUMBER.
>> THIS ADMINISTRATIONS POLICIES
ABSOLUTELY NO SENSE.
WHEN THE JOBS REPORT COMES OUT
AND IT’S OBVIOUS THAT THE
PROBLEM IS NOT ENOUGH WORKERS,
TOO MANY JOBS.
JOE BIDEN SAYS I HAVE THIS GREAT
PLAN BUILD BACK BETTER WILL
CREATE A BUNCH OF JOBS AND
CREATE A BUNCH OF PROGRAMS THAT
ENCOURAGE PEOPLE TO STAY AT
HOME.
THIS IS HIS SOLUTION FOR NOT
ENOUGH PEOPLE TO WORK.
ALL HE DOES WITH HIS SOLUTION IS
EXACERBATE THE PROBLEM.
WE HAVE A REAL PROBLEM IN THIS
COUNTRY WITH PEOPLE NOT GETTING
BACK IN THE LABOR FORCE.
LABOR FORCE PARTICIPATION IS
VERY LOW.
THAT’S A NUMBER TO PAY ATTENTION
TO IN THE LABOR FORCE
PARTICIPATION RATE THAT IS
DRIVING INFLATION OUT AND IT MAY
DRIVE THE EMPLOYMENT RATE DOWN
BUT PEOPLE ARE NOT WORKING.
THESE POLICIES ARE ABSURD IT’S
ALMOST HARD TO ADDRESS THEM. DAVID: WE GOTTA GO, WHAT DO WOKE
DAVID: WE GOTTA GO, WHAT DO WOKE
POLICIES HAVE TO DO WITH THE
FEDERAL RESERVE.
WE KEEP HEARING HOW THE FEDERAL
RESERVE HAS TO BE INVOLVED IN
WOKE POLICIES, CLIMATE CHANGE,
ET CETERA.
THEY HAD TWO MANDATES ONE IS AN
UNEMPLOYMENT MANDATE.
THIS POST TO KEEP UNEMPLOYMENT
DOWN.
THE OTHER IS A MANDATE FOR
SECURITY FOR CURRENCY TO
MAINTAIN THE VALUE OF OUR
CURRENCY.
THOSE ARE THE ONLY TWO MANDATES.
HOW DOES A WOKE BUSINESS FIT IN.
>> IS SUPPOSED TO BE SUBJECTIVE
AND INDEPENDENT AGENCY.
WHAT ELIZABETH WARREN AND OTHERS
ARE THREATENING THIS WILL NOT BE
AN INDEPENDENT AGENCY.
IT’LL BE LOOKING AT THESE ISSUES
IN AN OBJECTIVE WAY, WOKE IS HIM IS GOING TO BE INTERFERING WITH
IS GOING TO BE INTERFERING WITH
THE MISSION OF THE FED.
PARTICULAR WITH AN ORGANIZATION
LIKE THIS, IT’S SUPPOSED TO BE
INDEPENDENT AND NOT INTERFERED
WITH GOVERNMENT AND GOVERNMENT
POLITICS.
DAVID: IF YOU THINK INFLATION IS
BAD NOW JUST WAIT UNTIL THE FED