LIZ: EDWARD LAWRENCE, GREAT
REPORTING.
JOINING US NOW CONGRESSMAN
FRENCH HILL FROM HOUSE FINANCIAL
SERVICES AND FORMER CKE
RESTAURANT ANDY PUTZNER.
ANDY, WHAT DO YOU MAKE OF THAT
REPORT?
SOUNDS LIKE WE NEED TO RATE
HIKES TO BRING INFLATION DOWN.
WHAT YOUR REACTION TO WHAT YOU
JUST HEARD?
>> HAPPY FRIDAY, LIZ.
GOOD TO BE WITH YOU.
YES, WE NEED TO BE UNLEASHING
THE SUPPLY SIDE.
WE NEED TO MAKE THE TAX CUTS
FROM PRESIDENT TRUMP PERMANENT
AND UNLEASH AMERICAN ENERGY AND
REMOVE ANY REGULATORY BARRIERS
THIS ADMINISTRATION IS PUTTING
UP THAT’S CAUSING THAT SUPPLY
CHAIN, THOSE JOBS: TRUCKING,
INNOVATION TO BE BLOCKED.
AS ABSOLUTELY WHAT WE SHOULD DO.
ON THE REPORT, LOOK, WHAT’S
HAPPENING IS INTEREST RATES ARE
NOW NORMALIZING FROM ZERO AFTER
A PERIOD OF EXTRAORDINARY
ACCOMMODATION COMBINED WITH
RAMPANT FEDERAL SPENDING AND SO
WE’RE BEHIND THE CURVE, THAT’S
WHAT JAY POWELL IS
ACKNOWLEDGING.
INFLATION IS STUBBORN BUT WE
NEED A SUPPLY SIDE UNLEASHING
AND WE NEED THE NORMALIZATION OF
INTEREST RATES.
LIZ: YEAH, INFLATION IS STICKY
AND SUBBORN, ANDY, BUT PRESIDENT
BIDEN MAKE IT IS ABOUT TRUMP.
THE MIDTERMS ARE NOT ABOUT THE
BAD COMPANY BUT MAGA VOTERS AND
HE ATTACKED HALF THE COUNTRY AND
WATCH THE GOVERNOR MAKE A WILD
CLAIM TOO, WATCH.
>> I RESPECT CONSERVATIVE
REPUBLICANS.
I DON’T RESPECT THESE MAGA
REPRESENTS.
>> WHAT DO YOU MEAN BY
SEMI-FASCISM, SIR?
>> YOU KNOW WHAT I MEAN. >> WE’RE HERE TO SAY THAT THE
>> WE’RE HERE TO SAY THAT THE
ERA OF TRUMP AND ZELDON AND
MALINERO, JUST JUMP ON A BUS AND
HEAD DOWN TO FLORIDA WHERE YOU
BELONG.
YOU DO NOT REPRESENT OUR VALUES.
YOU ARE NOT NEW YORKERS.
LIZ: THIS NATION IS BEING RUN BY
NIT WITS.
WE’RE SUPPOSED TO FEEL LIKE HALF
FASCIST, THAT SHOULD MAKE HALF
THE COUNTRY FEEL BETTER AND THE
PRESIDENT IS SAYING THIS WHEN
WE’RE IN A DOWNTURN AT THE SAME
TIME AT FBI RAID OF TRUMP’S
FLORIDA HOME, ANDY.
WHAT’S WITH THE GOVERNOR TOO?
>> THEY’RE NIT WITS BUT THEY ARE
DOING EVERYTHING THEY CAN TO
DIVERT ATTENTION FROM THE REAL
ISSUES THAT MOMS CAN’T EVEN
FIGURE OUT IF THEY HAVE GAS TO
TAKE KIDS TO OUT OF TOWN SOCCER
GAMES OR PUT A HEALTHY MEAL ON
THE TABLE.
THEY’RE WORRIED ABOUT CRIME
COMING OUT OF THE INNER CITIES
AND INTO THEIR NEIGHBORHOODS OR
HOMES.
THEY’RE WORRIED ABOUT PARENTS
WHO ARE CALLED TERRORISTS FOR
TRYING TO GET INVOLVED IN THEIR
KIDS EDUCATION, AND THEY’RE
WORRIED ABOUT PEOPLE STROLLING
ACROSS OUR BORDER AND BRINGING
CRIME AND FENTANYL WITH THEM AND
THE DEMOCRATS CAN’T TALK ABOUT
THOSE ISSUES AND THEY’VE GOT NO
POLICIES TO ADDRESS THE ISSUES
AND THOSE ISSUES WERE CAUSED BY
BIDEN POLICIES AND THEY CONTINUE
TO SPEND AND SPEND AND SPEND AT
THE SAME TIME JEROME POWELL IS
RAISING INTEREST RATES TO TRY
AND STEM ECONOMIC GROWTH AND
INFLATION DOWN.
YOU SAID THEY WERE NIT WITS.
YOU’RE RIGHT.
THEY’RE NIT WITS AND THEY’RE
TRYING TO FIND OUT IF REST OF
AMERICA IS MADE UP OF A BUNCH OF
NIT WITS BECAUSE ANYBODY THAT
BELIEVES THESE PEOPLE, HAS TO
HAVE IGNORED EVERYTHING THAT
HAPPENED OVER THE PAST TWO
YEARS.
LIZ: WE RARELY GO THERE BUT NIT
WIT WAS JUST A FUN WORD TO SAY.
IT’S FUN TO SAY.
>> I LIKE IT.
LIZ: IT’S ENJOYABLE TO SAY.
CONGRESSMAN, WE’VE GOT WELLS
FARGO SENIOR ECONOMIST TIM
QUINOLINE SAYING IT FEELS LIKE WE’RE IN A RECESSION AND TENS OF
WE’RE IN A RECESSION AND TENS OF
MILLIONS OF BLUE COLLAR AND JOE
THE PLUMBER WORKER ARE NOT GOING
TO BE EXCLUDED BUT GOING TO HAVE
TO PAY HIGHER TAXES.
A RECENT STUDENT LOAN DEBT ISN’T
FREE.
MORE DEMOCRATS ARE OPPOSED AND
AXIOS REPORTING THE EDUCATION
DEPARTMENT IS NOT READY TO
HANDLE THIS.
IS THAT TRUE?
>> OF COURSE IT’S TRUE BECAUSE
HOW DID WE GET IN $1.7 TRILLION
OF STUDENT LOAN DEBT?
IT WAS PRESIDENT OBAMA TRYING TO
PAY FOR OBAMA CARE THAT SUDDENLY
WE DON’T DO ANY UNDERWRITING.
WE JUST GIVE THIS MONEY AWAY.
WITH WHICH MAKES EDUCATION
INFLATION HIGHER THAN HEALTHCARE
INFLATION.
IT MEANS THAT THE GOVERNMENT IS
IN CONSPIRACY WITH BAD STUDENT
AID OFFICES ESSENTIALLY LIKE
PREDATORY LENDERS AND NOW
THEY’RE FOSTERING THE DEBT
RELIEF ON THE ABACKS OF HARD
WORKING TAXPAYERS AND 80% DIDN’T
EVEN GO TO COLLEGE.
IT’S A FALSE GAME AND IMMORAL
AND NOT THE WAY TO GO ABOUT IT
AND PLENTY OF CONSTRUCTIVE WAYS
TO HELP PEOPLE PAY THEIR COLLEGE
LOANS BACK LIKE EMPLOYMENT.
LIKE WORKING IN PUBLIC SERVICE.
USING IT AS A RECRUITING TOOL BY
CORPORATIONS RECRUITING
HIGH-TALENT STUDENTS.
THE BOTTOM LINE.
WEALTHY PEOPLE ARE THE
PREDOMINANT USERS OF STUDENT
LOANS WHEN YOU LOOK AT 50% OF
THAT TOTAL STUDENT LOAN BALANCE
ARE FOR FOLKS GRADUATING FROM
LAW SCHOOL AND MEDICAL SCHOOL.
LIZ: CO-THE CONGRESSMAN’S POINT
TOOK INTO CONSIDERATIONTOO, ANDY
THE CORRUPT ACADEMIC SYSTEM
DOING TUITION GOUGING OF MIDDLE
CLASS FAMILIES WHILE THEY’RE
LIVING ON THE HOG TAX FREE.
>> THIS IS PLUMBERS AND TRUCK
DRIVERS PAYING FOR THE EDUCATION
OF OVEREDUCATED UNDEREMPLOYEED
INDIVIDUALED AND HELPING TO
RAISE THE SALARIES OF PROFESSORS
WHO GO TO COLLEGE AND THEY TEACH
THESE STUDENTS TO HATE AMERICA.
AND YOU’VE GOT AMERICAN
TAXPAYERS WHO AFFORD TO GO TO
COLLEGE FOOTING THE BILL IT.
IS AN ABSURD POLICY AND IT’S A
POLICY THAT WILL HELP IGNITE
INFLATION.
JUST LIKE THEY’RE SPENDING BILL
BACK IN MARCH OF 2021.
THE MORE THE GOVERNMENT SPENDS,
THE WORSE INFLATION GETS.
IT’S ALMOST INCOMPREHENSIBLE
WHAT THEY’RE DOING AND SOMETHING
THAT 80% OF AMERICANS THAT
DIDN’T GO TO COLLEGE SHOULD
CERTAINLY BE CONCERNED AND UPSET
ABOUT.
LIZ: WHAT ELSE IS
INCOMPREHENSIBLE IS THE DEMOCRAT
CHAOS AND THEY’VE BEEN ALL OVER
THE MAP.
WATCH THIS :
>> MY DAUGHTER IS GETTING OUT OF
SCHOOL, I SAVED ALL MY MONEY,
SHE DOESN’T HAVE ANY STUDENT
LOANS.
AM I GOING TO GET MY MONEY BACK?
>> OF COURSE NOT.
>> SO YOU’RE GOING TO PAY FOR
PEOPLE WHO DIDN’T SAVE ANY MONEY
AND THOSE OF US WHO DID THE
RIGHT THING GET SCREWED.
>> PEOPLE THINK THE PRESIDENT OF
THE UNITED STATES HAS THE POWER
FOR DEBT FORGIVENESS, HE DOES
NOT.
HE CAN POSTPONE, HE CAN DELAY
BUT HE DOES NOT HAVE THAT POWER.
THAT WOULD HAVE TO BE AN ACT OF
CONGRESS.
YOUR CHILD JUST DECIDED THEY
WANT TO -- AT THIS TIME NOT WANT
TO GO TO COLLEGE BUT YOU’RE
PAYING TAXES TO FORGIVE SOMEBODY
ELSE’S OBLIGATIONS, YOU MAY NOT
BE HAPPY ABOUT THAT.
>> THE FAIRNESS QUESTION, THE
PEOPLE THAT ARE SITTING AT HOME
HAVING JUST PAID OFF THEIR
STUDENT LOANS OR YEARS AGO,
WHAT’S IN IT FOR THEM?
LIZ: NOTHING.
CONGRESSMAN, IS NANCY PELOSI
GOING TO TELL THE PRESIDENT HE
DOESN’T HAVE THE AUTHORITY TO DO
THIS?
>> OVER 100 REPUBLICANS WROTE
HER A LETTER TODAY SAYING SHE
SHOULD BUT THIS SHOULD BE ONLY
CONSIDERED BY CONGRESS.
LIZ, WE SEE THIS TIME AND TIME
AGAIN WHERE THE EXECUTIVE BRANCH
HAS TO UNDER ARTICLE 2 FULLY
EXECUTE THE LAWS PASSED BY
CONGRESS BUT THEY CAN EXAGGERATE
IT.
WITH PRESIDENT OBAMA WITH DACA
AND PRESIDENT BIDEN ON THIS.
HE DOESN’T HAVE THE AUTHORITY TO
FORGIVE $300 BILLION OF DEBT AND
STICK ON THE HARD WORKING
TAXPAYERS.
LIZ: SOUNDS LIKE A FIGHT COMING.
ANDY GALLOP SAYING THE
PRESIDENT’S APPROVAL RATING UP 6
PERCENTAGE POINTS TO 44, THE
HIGHEST IN A YEAR.
HE’S STILL UNDER WATER AND 53%
DISAPPROVE OF HIS JOB SINCE I
THINK HE STARTED.
HE’S BEEN UNDER WATER.
ANDY, YOUR TAKE ON THIS?
ARE WE HEADED FOR A SPLIT
CONGRESS BECAUSE THE PRESIDENT’S
PARTY, IT GAINED JUST SEATS IN
JUST TWO RACES.
GEORGE W. IN 2002 AND BILL
CLINTON IN 1998.
ARE WE HEADED FOR GRIDLOCK?
>> WE COULD WELL BE HEADED FOR
GRIDLOCK BUT THAT WOULD BE THE
MOST POSITIVE THING THAT
HAPPENED SINCE JANUARY OF 2021.
WE NEED TO SLOW THE AGENDA, THE
BIDEN AGENDA.
IT’S DOING TREMENDOUS DAMAGE TO
THE COUNTRY AND IT’S NO WONDER
HIS POLLING IS UP SOME.
HE’S OUT THERE TELLING ALL THESE
STUDENTS HE’S GOING TO FORGIVE
THEIR DEBT.
IT’S NOT TILL AFTER THE ELECTION
BEFORE THE COURTS TELL HIM HE
DOESN’T HAVE THE AUTHORITY TO DO
THAT.
LIZ: YEAH, AND THE STUDENTS ARE
GOING TO HAVE TO PAY HIGHER