>> HISTORIC LEGISLATION IS
ABOUT REBUILDING THE BACKBONE
OF THIS COUNTRY AND GIVING
PEOPLE IN THIS NATION, WORKING
PEOPLE, MIDDLE CLASS FOLKS,
PEOPLE WHO BUILT THE COUNTRY A
FIGHTING CHANCE.
>> Bill: HERE WE GO WITH THE
MESSAGE PROMOTING COVID RELIEF
SIGNED INTO LAW YESTERDAY.
BIDEN SAYS THE HISTORIC
SPENDING PLAN AND OTHER
POLICIES WILL TRANSFORM AMERICA.
OUR NEXT GUEST IS ASKING THE
QUESTION WHAT’S WRONG WITH
AMERICAN IN THE FIRST PLACE?
LARRY KUDLOW GOOD QUESTION ON
FOX BUSINESS 4:00 EVERY DAY.
WELCOME TO OUR PROGRAM AND
HAPPY FRIDAY.
WHAT DO YOU THINK THE COVID
RELIEF BILL IS GOING TO DO FOR
AMERICA?
>> I THINK IT IS A VERY POORLY
CRAFTED BILL.
IT SHOULD HAVE BEEN A
BIPARTISAN BILL.
WOULD HAVE MADE IT BETTER.
LOOK.
ONE OF THE MANY FLAWS IN THAT
BILL IT WOULD CONSTITUTE THE
LARGEST EXPANSION IN THE U.S.
WELFARE STATE IN 55 OR 60 YEARS
GOING ALL THE WAY BACK TO
L.B.J.’S GREAT SOCIETY IN 1965.
THERE ARE NUMEROUS PROVISIONS
IN THERE THAT WOULD PROVIDE
ASSISTANCE THROUGH SPENDING OR
TAX CREDITS WITH NO WORK
REQUIREMENTS WHATSOEVER.
AND THE REALLY SAD PART OF
THIS, THE PART OF THE
TRANSFORMATION THAT I DO NOT
WANT.
I DON’T WANT CENTRAL PLANNING.
I WANT TO HAVE INDIVIDUAL AND
PLENTY OF INCENTIVES TO WORK.
BILL CLINTON DEMOCRAT, NEWT
GINGRICH REPUBLICAN 1995 OR
1996 CRAFTED THE BEST WELFARE
REFORM BILL THAT EMPHASIZED
WORK REQUIREMENTS.
IT PROVIDED RELIEF SO LONG AS
YOU WORKED ACROSS THE BOARD.
AND DESPITE DIRE PREDICTION OF
POVERTY IT WAS THE REVERSE.
IT WORKED.
WE HAD A BOOMING ECONOMY, WE
HAD MORE PEOPLE EMPLOYED AND
POVERTY DECLINED.
WHAT MR. BIDEN’S BILL DOES HERE
IS THE EXACT REVERSE.
IT UNWINDS THAT AND I FEAR OVER
TIME THIS WILL TRANSFORM
AMERICA.
THIS IS ONE OF MANY ITEMS THAT
BUGS ME.
OVER TIME INTO A REAL TOP DOWN
CENTRAL PLANNING WELFARE
STATEIST ECONOMY.
WORSE THAN EUROPE EVER WAS.
>> Martha: IT’S INTERESTING.
A PIECE IN THE "NEW YORK TIMES"
CALLS IT SWEEPING REFORMS TO
THE SOCIAL SAFETY NET.
AND POINTS OUT VERY INTENTIONAL
THERE IS ONLY 9% OR 10% IN
COVID RELIEF HERE.
THE REST IS ORCHESTRATED SINCE
THE BIDEN CAMPAIGN POINTING OUT
THE STOPS HE MADE IN GEORGIA,
DIFFERENT F.D.R. HALLMARK
PLACES ALONG THE WAY BECAUSE HE
WANTED TO EQUATE HIMSELF WITH
F.D.R.
HE WANTED TO CREATE THIS
TRANSFORMATION OF AMERICAN
SOCIETY.
THIS IS NOT A COVID BILL.
IT IS A TRANSFORMING AMERICA
BILL.
THE PROPONENTS OF IT SAY IT IS
GOING TO REDUCE POVERTY IN
AMERICA BY A THIRD.
DO YOU BELIEVE THAT?
DO YOU THINK THAT’S TRUE?
>> I DO NOT, MARTHA.
I ABSOLUTELY DO NOT.
THERE ARE SO MANY DISINCENTIVES
TO WORK.
IN SO MANY PLACES IN THIS BILL
THE GOVERNMENT ASSISTANCE --
AND BY THE WAY TAX EXEMPTIONS
GOVERNMENT ASSISTANCE -- MEANS
FRANKLY UP TO 150,000 OR
170,000 A YEAR PAYS MORE TO NOT
WORK THAN TO WORK.
THAT IS A FUNDAMENTAL ISSUE.
AND THIS IS REALLY FAR LEFT
STUFF BECAUSE MOST ECONOMISTS,
MOST SOCIAL ANALYSTS DON’T WANT
THIS SORT OF THING.
THERE HAS ALMOST BEEN A
CONSENSUS DOWN THROUGH THE
YEARS AGO HARKING BACK TO THE
GREAT BIPARTISAN COALITION OF
BILL CLINTON AND NEWT GINGRICH.
IT SERVED THIS COUNTRY WELL.
I DON’T WANT CENTRAL PLANNING.
I DON’T WANT UNCLE SAM TO RUN
THE HEALTHCARE SYSTEM.
I DON’T WANT TO ENLARGE THE
WELFARE STATE.
I DON’T WANT TO RAISE TAXES AND
DESTROY CARBON FUELS AND FOSSIL
FUELS.
I WANT -- I DON’T WANT TO
PUNISH SUCCESS, I WANT TO
REWARD SUCCESS.
I THINK FREE ENTERPRISE BEATS
GOVERNMENT PLANNERS EVERY DAY
OF THE YEAR.
THAT’S WHAT HISTORY PROVES.
I DON’T WANT TO END OUR HISTORY
AND I DON’T WANT TO END OUR
CULTURE.
I WANT TO STAY WITH OUR
JUDEO-CHRISTIAN CULTURE.
A STORY WE COVERED YESTERDAY IN
A FANCY NEW YORK CITY PRIVATE
SCHOOL YOU CAN’T USE THE WORDS
MOM AND DAD.
HUH?
I DON’T WANT ANY OF THAT STUFF.
WE CAN IMPROVE AMERICA.
WE CAN IMPROVE AMERICA BECAUSE
OF OUR GREAT DEMOCRACY AND WE
ALWAYS MOVE FORWARD WITH
PROSPERITY AND SECURITY AND
HELP, BUT THIS IS WRONG.
BIDEN DID NOT RUN ON THIS.
I KNOW HE TALKS ABOUT F.D.R., I
GET THAT.
IF YOU GO BACK, FOLKS, GO BACK
TO THE SOUTH CAROLINA PRIMARY
WHICH HE WON AND CLOSED OUT
BERNIE SANDERS.
HE RAN AS A MODERATE.
MR. CLYBURN, JAMES CLYBURN WHO
ENGINEERED THAT THEY SOLD HIM
AS A MODERATE AND A UNITY
CANDIDATE.
WE HAVE SEEN NONE OF THAT AND I
WILL TELL YOU I LIKE AMERICA
JUST AS IT IS.
>> Bill: QUOTE FROM LAST NIGHT.
WE WERE HIT WITH A VIRUS MET
WITH SILENCE AND SPREAD
UNCHECKED, DENIALS FOR DAYS,
WEEKS, THEN MONTHS.
I THOUGHT HE WAS TALKING ABOUT
BEIJING.
APPARENTLY HE WAS TALKING ABOUT
YOU AND THE GUYS AT THE WHITE
HOUSE.