LIZ, BACK TO YOU.
ELIZABETH: GREAT REPORTING,
LAUREN SIMONETTI.
THANK YOU SO MUCH.
JOINING US FORMER INVESTMENT
BANKER CAROL ROTH ALONG WITH
"WASHINGTON EXAMINER" CORRESPOND
BYRON YORK.
THANKS FOR JOINING US WE
APPRECIATE IT.
FIRST TO YOU, CAROL, ARE WE
GOING DEEPER INTO A BEAR MARKET?
>> ABSOLUTELY.
I THINK INVESTORS HAVE BEEN A
LITTLE BIT DELUSIONAL ABOUT THE
POSSIBILITY THAT A SOFT LANDING
WAS ON THE TABLE.
THE DISCUSSION NOW IS, IT IS
DEFINITELY A HARD LANDING, WHAT
IS THE DEPTH AND DURATION AN
UNFORTUNATELY THERE ARE JUST ALL
OF THESE CHALLENGING HEADWINDS.
SOME OF THEM THAT ARE
SELF-INFLICTED BUT SOME
HAPPENING ABROAD THAT COULD HAVE
MAJOR IMPLICATIONS INCLUDING A
POTENTIAL CURRENCY CRISIS, IF
ENERGY PRICES WERE TO REVERSE
AND THAT COULD HAVE IMPACT ON
HARD ASSETS IN THE U.S.
SO UNFORTUNATELY, LIZ, I DON’T
THINK WE ARE GOING TO BE THROUGH
THE PAIN FOR QUITE SOMETIME.
YOU MAY GET A LITTLE BIT OF A
BOUNCE HERE AND THERE BUT I
WOULD HOLD TIGHT FOR A WHILE.
ELIZABETH: GOT IT.
WE’LL WATCH BIDEN’S FORMER TOP
SPOKESPERSON, PRESS SECRETARY
JEN SAKI, OUT WITH HER NEW SHOCK
TAKE ABOUT HER FORMER BOSS.
YOU WILL BE HER FORMER BOSS
PRESIDENT BIDEN.
YOU WILL SEE NANCY PELOSI GET
BOOED HERE IN NEW YORK CITY.
WATCH THIS.
>> I THINK THAT DEMOCRATS, IF
THE ELECTION IS ABOUT WHO IS THE
MOST EXTREME THEN THEY’RE GOING
TO WIN.
IF IT IS A REFERENDUM ON THE
PRESIDENT THEY WILL LOSE AND
THEY KNOW THAT.
>> 2030 HISTORIC.
[BOOING]
[INAUDIBLE]
BETTER JOBS, LOWER ENERGY BILLS
FOR, ALLOW TO US PASS THE IN A
RESPONSIBLE WAY.
ELIZABETH: BY RON, YOUR TAKE ON
BOTH OF THOSE EVENTS?
>> [LAUGHTER].
WELL, ON THE SECOND ONE I MEAN
IT WAS A CONCERT.
WHO WANTED TO SEE NANCY PELOSI
SHOW UP?
IT IS NOT LIKE THEY WOULD HAVE
CHEERED KEVIN McCARTHY IF HE
HAD SHOWN UP EITHER.
IT’S A WRONG PLACE FOR HER TO
BE.
ELIZABETH: IT WAS, BUT IT WAS
GLOBAL KIND OF CLIMATE CHANGE
INITIATIVE CONCERT.
>> IT WAS.
IT WAS.
ELIZABETH: KEEP GOING.
>> PERHAPS THEY WOULD, PERHAPS
THEY WOULD HAVE CHEERED SOME
OTHER LEFTY HERO, I DON’T KNOW
BUT YOU KNOW ON THE JEN PSAKI
STUFF, THIS IS VERY, VERY
SERIOUS.
THE LATEST POLL WE HAVE JUST
SEEN HAS PRESIDENT BIDEN’S JOB
APPROVAL AT 39%.
HE IS A DRAG ON HIS PARTY.
THERE IS NO DOUBT ABOUT IT.
AS A MATTER OF FACT, THE
ANALYSIS THAT ACCOMPANIES THIS
"ABC/WASHINGTON POST" POLL NOTED
HISTORICAL FACT THAT PRESIDENTS
WITH APPROVAL ABOVE 50% TENDED
TO LOSE 14 SEATS ON AVERAGE.
THOSE BELOW 50%, REMEMBER
JOE BIDEN IS WELL BELOW 50%,
LOST 37 SEATS.
PRESIDENT’S WITH JOB APPROVAL
LIKE BIDEN SIMPLY DO NOT WIN
SEATS IN MIDTERM.
ELIZABETH: WHAT BYRON IS SAYING
TOO, A MAJORITY OF DEMOCRATS IN
THIS POLL, THIS "ABC/WASHINGTON
POST" POLL, KAREN, DEMOCRATS
DON’T WANT HIM TO RUN AGAIN.
BIDEN TOLD "60 MINUTES" REMAINS
TO BE SEEN IF HE RUNS AGAIN.
INFLATION IS A PROBLEM.
DEMOCRATS ARE CLAIMING ILLEGAL
IMMIGRATION WILL FIX INFLATION.
>> IT’S A WEIRD THING.
WE DEFINITELY HAVE A SUPPLY SIDE
ISSUE.
I DON’T THINK ILLEGAL
IMMIGRATION IS A FIX, LIZ, BUT
LEGAL IMMIGRATION, SOMETHING
THAT BENEFITS THE AMERICAN
CITIZENS ACTUALLY IS.
IF YOU GO BACK TO THE POLICIES
THAT WE’VE HAD, FISCAL POLICIES
AND GOVERNMENT POLICIES OVER THE
LAST COUPLE YEARS WE’VE HAD A
TERRIBLE LOSS OF JOBS, FIRST
FROM RETIREES, SOME OF WHOM MAY
COME BACK NOW BECAUSE THEIR
401(k)S AND THEIR HOME EQUITY
IS THE ACCIDENTING BEATEN UP BUT
ALSO LEGAL IMMIGRATION.
IF WE WERE ON THE SAME
TRAJECTORY WITHOUT COVID WE
WOULD HAVE A MILLION MORE LEGAL
IMMIGRANTS THAT ARE COLLEGE
EDUCATED.
WE DON’T HAVE PLACE TO LIVE,
DON’T HAVE ENOUGH ENERGY.
SO THE WHOLE SUPPLY SIDE NEEDS
SOME REAL FIXING.
ELIZABETH: THE OTHER THING TOO,
TO CAROL’S POINT, BYRON AS IF
THE DEMOCRATS WANT TO MAKE THE
MIDTERMS ABOUT ABORTION,
JANUARY 6 HEARINGS, TRUMP, WHEN
VOTERS ARE SAYING ABOUT
INFLATION, CRIME, ENERGY, GAS
AND THE BORDER.
A OUT OF CONTROL MOB RANSACK AND
LOOT A WAWA IN PHILADELPHIA LAST
NIGHT.
POLLS SHOW MIDTERMS WILL BE VERY
MUCH ABOUT INFLATION AND CRIME
AND SHUTDOWNS.
BUT A NUMBER ABOUT DEMOCRATS,
BYRON ARE TALKED ABOUT REPLACING
BIDEN IN 2024.
THEY DON’T LOOK SO HOT EITHER.
THEY WERE THINGS LIKE SHUTTING
DOWN THE ECONOMY LIKE GOVERNOR
GRETCHEN WHITMER AND GAVIN
NEWSOM OR DEFUND THE COPS LIKE
AOC.
THAT LED TO A MASSIVE CRIME
WAVE.
REACT TO FORMER PRESS SECRETARY
SAKI ABOUT DEMOCRATS ON CRIME,
KAMALA HARRIS CLAIM YOU CAN’T
STOP MORE CRIME WITH MORE COPS
ON THE BEAT.
>> CRIME IS A HUGE HAVE
ANIABILITY FOR DEMOCRATS.
I WOULD SAY IT IS ONE OF THE
BIGGEST VOLUMER INABILITIES.
>> IT IS OUTDATED, WRONG-HEADED
THINKING THE ONLY WAY YOU GET
MORE COMMUNITIES TO BE SAFE IS
PUT MORE POLICE OFFICERS ON THE
STREET.
WHAT WE HAVE TO DO, AND WHAT WE
WILL DO IS REIMAGINE PUBLIC
SAFETY.
ELIZABETH: DID THEY DO A GOOD
JOB REIMAGINING PUBLIC SAFETY,
BYRON?
>> AS I SAID, THAT DOES NOT AGE
VERY WELL.
YOU KNOW, CRIME ASK A HUGE ISSUE
BECAUSE ONE, IT’S GOING UP.
PEOPLE ARE IN GREATER DANGER AND
TWO, YOU KNOW, THERE HAS BEEN A
PROLIFERATION OF CAMERAS
EVERYWHERE AND WE TEND TO
ACTUALLY SEE MANY CRIMES BEING
COMMITTED.
IT REALLY DRAMATIZES THIS FACT.
YOU KNOW, THE FACT THAT A LOT OF
DEMOCRATS DID WANT TO DEFUND THE
POLICE OR TO REDUCE THE FUNDING
OF POLICE OR TO CHANGE THE
PRACTICES OF POLICE SO THAT
MENTAL HEALTH WORKERS, SOCIAL
WORKERS WERE SENT TO CRIME
SCENES INSTEAD OF POLICE
OFFICERS, ALL THAT IS EXACTLY
TRUE AND THE OTHER THING THAT
YOU STARTED YOUR QUESTION WITH
IS, THERE IS ABSOLUTELY NO DOUBT
THAT INFLATION IS THE MOST
IMPORTANT ISSUE TO THE MOST
VOTERS RIGHT NOW.
ELIZABETH: WE GOT THIS TOO.
THE ASSOCIATED PRESS SAID MORE
THAN A MILLION VOTERS IN 43
STATES HAVE LEFT THE DEMOCRAT
PARTY, CAROL, FOR THE GOP PARTY
ESPECIALLY IN THE SUBURBS WHERE
SWING VOTERS LIKE INDEPENDENTS
OFTEN SWAY ELECTIONS.
ALMOST HALF OF REGISTERED VOTERS
CONSIDER THEMSELVES
INDEPENDENTS, CAROL.
THAT VERSUS MORE THAN A QUARTER
WHO IDENTIFY AS DEMOCRAT OR
REPUBLICAN.
THIS IS THE PARTY GOING UP, THE
INDEPENDENT PARTY.
>> I THINK PEOPLE HAVE REALLY
SEEN THE IMPACT OF DECOUPLING
FROM REALITY.
ALL OF THESE THINGS THAT SOUNDED
NICE AND GREAT IN REALITY LED TO
A BAD OUTCOME.
NOW IT IS IN THEIR BACKYARD,
THEY REALIZE THIS IS
FOUNDATIONAL.
IF WE DO NOT GET THE ECONOMY
UNDER WRAP, CRIME UNDER WRAP
WE’RE HAVING A BIG PROBLEM.