YOU.
ELIZABETH: EDWARD
LAUREN: GOOD TO SEE YOU.
THANKS FOR JOINING US.
JOINING US FROM HOUSE ARMED
SERVICES AUSTIN SCOTT AND
WHITE HOUSE CHAIR OF ECONOMIC
VICE.
YOUR REACTION TO EDWARD
LAWRENCE’S REPORT, DEMOCRATS
WANT TO TAX OIL COMPANIES EVEN
MORE?
>> YOU CAN’T MAKE THIS STUFF UP,
LIZ.
BUT I GUESS YOU SO.
WE DON’T WANT TO DEPEND ON
FOREIGN SOURCES, FOR, ONE IS
ENERGY AND ONE IS FOOD.
THE DEMOCRATS ARE TAKING US DOWN
THE PATH.
I HOPE THEY PUT THE PROPOSAL ON
THE FLOOR AND LOSE EVEN MORE
SEATS IN NOVEMBER.
ELIZABETH: TO THE CONGRESSMAN’S
POINT, THOMAS, DEMOCRATS ARE
FORECAST TO LOSE CONGRESS.
THEY HAVE NO ANSWER TO
INFLATION.
THE BIG WARNING TO DEMOCRATS
FROM DEMOCRAT REPRESENTATIVE
SEAN MALONEY AFTER THE MEETING
THIS WEEKEND, HE RUNS THE
DEMOCRATIC CONGRESSIONAL
CAMPAIGN COMMITTEE, HE SAYS WE
ARE THE PROBLEM.
WE’RE OUT OF TOUCH WITH VOTERS.
STRIKING THAT THE U.A.E. AND
SAUDI ARABIA WOULD NOT PICK UP
THE PHONE WHEN THE PRESIDENT
CALLED.
WHAT DO YOU THINK, THOMAS?
>> I THINK DEMOCRATS KEEPING ON
TO BLAME THE PRIVATE SECTOR OR
COMPANIES FOR THEIR POLICIES.
IF YOU TAKE ENERGY PRICES, NOT
ONLY ENERGY PRICES GOING AFTER A
WAR ON U.S. FOSSIL FUELS, BUT
ALSO OUR FOREIGN POLICY.
WE HAD RUSSIAN INVASIONS UNDER
BOTH OBAMA AND BIDEN BUT NOT
UNDER TRUMP FOR GOOD REASON, AND
SO IT IS IS NOT ONLY A FAILURE
IN ENERGY POLICY DRIVING THIS, A
FAILURE IN FOREIGN POLICY.
THEY KEEP BLAMING THE INDUSTRY
AND PRIVATE SECTOR.
75% OF INDUSTRIES HAVING PRICE
HIKES.
THAT IS COMPETITIVE INDUSTRIES.
YOU CAN’T RAISE PRICES IN
COMPETITIVE INDUSTRIES BECAUSE
YOU LOSE TO YOUR CUSTOMERS
EVENTUALLY.
THE BOTTOM LINE IS, THIS IS A
POLICY-INDUCED, THESE ARE POLICY
INDUCED PRICES WE SEE, WHETHER
ENERGY OR GENERALLY.
ELIZABETH: YEAH.
>> DEMOCRATS ARE BLAMING THE
PRIVATE SECTOR FOR IT
ESSENTIALLY.
ELIZABETH: TO THOMAS’ POINT, NEW
POLLS, CONGRESSMAN, SHOW
HISPANICS AND BLACKS ARE GOING
TO THE GOP.
INFLATION IS ON THE MIND OF
EVERY AMERICAN FAMILY BUT THE
DEMOCRATS ARE FOCUSED ON THE
CLIMATE AGENDA.
IT IS NOT A GOOD LOOK INFLATION
STARTED RISING ALMOST EXACTLY
WHEN BIDEN CAME INTO THE
WHITE HOUSE.
FORMER OBAMA TREASURY SECRETARY
LARRY SUMMERS WARNS INFLATION
WILL CONTINUE THE NEXT YEAR OR
TWO.
>> LIZ, IF YOU GET UP IN THE
MORNING, YOU GO TO WORK YOU KNOW
GOOD AND WELL THESE DEMOCRAT
POLICIES ARE NOT WORKING FOR
YOU.
WHEN NOVEMBER ROLLS AROUND,
AMERICANS WILL WALK INTO THE
POLLS, THEY WILL SAY ENOUGH IS
ENOUGH, THEY WILL CREATE BALANCE
GIVING REPUBLICANS BOTH CONTROL
OF THE HOUSE AND THE SENATE.
BIDEN WILL HAVE TO DO SOMETHING
HE HASN’T DONE, HE HASN’T HAD
HIS HAND CALLED ON, SIT DOWN
WITH THE REPUBLICANS TO
NEGOTIATE WITH THEM.
LIZ, I ONLY KNOW ONE REPUBLICAN
IN THE HOUSE OF REPRESENTATIVES
OUTSIDE OF REPUBLICAN LEADERSHIP
THAT ACTUALLY MET WITH PRESIDENT
BIDEN.
THAT IS NOT THE WAY IT ES
SUPPOSED TO WORK.
THAT IS NOT WHAT HE PROMISED.
THIS IS THE MOST PARTISAN
PRESIDENT WE HAD IN A LONG, LONG
TIME, MAYBE EVER.
ELIZABETH: CONGRESSMAN
DARRELL ISSA ATTENDED 17 STATE
OF THE UNION ADDRESSES, THOMAS.
YOU USUALLY SEE ACTION AFTER THE
ADDRESSES.
NOT ANYTHING ON THE WHITE HOUSE
AFTER THIS.
WE’LL WATCH DEMOCRATS SAY THE
ANSWER TO RISING GAS EVEN
DICTATORS, LIKE PUTIN, THE
ANSWER IS ELECTRIC CARS.
WATCH THIS.
>> TODAY THE AVERAGE GAS PRICE
IN AMERICA HIT AN ALL TIME
RECORD HIGH OF OVER $4 PER
GALLON.
I’M WILLING TO PAY $4 GALLON.
I WILL PAY $15 A GALLON BECAUSE
I DRIVE A TESLA.
>> LET THE MARKET WORK IN THIS
RESPECT PEOPLE WILL FEEL PAIN.
THEY WILL LOOK AT THE F-450 GUY
BEGAN I CAN TRUCK.
THEY WILL SEE HYBRID INNOVATION.
>> I HAPPENED TO BE SANDWICHED
BETWEEN OUR TWO ELECTRIC
VEHICLES.
SECRETARY BEAUTY AND I BOTH HAVE
THE TWO OF THE ELECTRIC
VEHICLES.
>> WE NEED TO MOVE TO GREEN
ENERGY SOLUTIONS.
GREEN IN THE IS THE END WHERE WE
SHOULD BE SO WE DON’T FIND
OURSELVES IN THIS POSITION.
>> THERE IS IT.
>> NO SOUND OR FUMES.
>> THERE IS NOTHING.
>> HOW DO I KNOW IT IS ACTUALLY
WORKING?
[LAUGHTER].
ELIZABETH: OKAY.
ELECTRIC CARS COST $60,000,
RIGHT?
THAT IS A LOT OF MONEY.
THAT IS STICKER SHOCK ALONE FOR
THAT, RIGHT, THOMAS.
ALSO THIS, NANCY PELOSI CLAIMS
GOVERNMENT SPENDING IS REDUCING
THE NATIONAL DEBT.
IT IS NOT INFLATIONARY.
THE GOVERNMENT POURED 6 TRILLION
INTO THE ECONOMY.
FEDERAL RESERVE IS POURING.
NOW THE ANSWER IS TO BUY
ELECTRIC CARS, WHEN THE ELECTRIC
CARS ARE FUELED BY OIL AND GAS.
2/3 OF U.S. ELECTRIC COME FROM
FOSSIL FUEL, THOMAS.
>> I THINK THE ISSUE HERE IS THE
OBVIOUSLY GREENER ENERGY IS
COSTLIER.
IF IT WASN’T THE PRIVATE MARKET,
THEY WOULD ROOT OUT FOSSIL FUELS
FASTER THAN ANY GOVERNMENT
COULD.
THE PROBLEM WITH THE DEMOCRATS
POLICIES ARE, CLAMPING DOWN WITH
TAXES ET CETERA, ON THE OIL
COMPANIES IS THAT NOT ONLY ARE
THEY MAKING ENERGY MORE COSTLY
FOR U.S. CUSTOMERS, THEY’RE AT
THE SAME TIME INCREASING GLOBAL
WARMING BECAUSE THEY’RE
SUBSTITUTING YOU KNOW, VERY
CLEAN FOSSIL FUELS IN THE U.S.
RELATIVE TO FOREIGN FOSSIL FUELS
WHICH IS MUCH BROWNER.
SO THEY’RE BASICALLY
SELF-DEFEATING IN THEIR OWN-GOAL
TRYING TO REDUCE GLOBAL WARMING
BECAUSE THEY’RE MAKING ENERGY
COSTLIER HERE AROUND WE HAVE
MORE GLOBAL WARMING AS A
CONSEQUENCE.
ELIZABETH: TO THOMAS’ POINT,
CONGRESSMAN, YOU’RE IN D.C.,
FROM WHERE YOU SIT, ARE
DEMOCRATS OPEN TO HEARING WHAT
ANALYSIS LIKE TOMAS JUST
DELIVERED FOR IS CAUSING MORE
GLOBAL WARMING OR THEY’RE SO
INTOLERANT THEY’RE NOT LISTENING
TO ANYTHING AND RAILROADING THE
COUNTRY ALONG?
>> NO, THEY WILL NOT BE
INTERESTED IN COMMON SENSE.
TOMAS IS RIGHT WHAT HE SAYING.
THE FACT OF THE MATTER WHEN YOU
RAISE ENERGY TO THE COST OF THE
U.S., CANCELING THE KEYSTONE
PIPELINE, YOU FORCE
MANUFACTURING OUTSIDE OF THE
U.S. INTO AREAS WHERE THEY HAVE
NO ENVIRONMENTAL STANDARDS
WHATSOEVER.
SO WHEN YOU TALK ABOUT THE
BATTERIES FOR THE VEHICLES THAT
THEY WANT TO MOVE US ALL TO, THE
FACT OF THE MATTER IS THE RAW
MATERIALS, RAW MATERIALS IT
TAKES TO MANUFACTURE THOSE
BATTERIES ARE IN SHORT SUPPLY.
IT IS SIMPLY NOT POSSIBLE TO DO
WHAT THEY’RE DEMANDING BE DONE
RIGHT NOW.
ELIZABETH: GOT IT.