DRIVING OUR NATIONAL COMEBACK.
CHARLES: THERE IS MORE ISSUES TO
BE IRONED OUT.
THERE IS LIABILITY PROTECTION,
STATE AID, PAYROLL TAX CUT, ALL
OF THAT ON THE TABLE.
JOINING ME ON ALL OF THIS
ECONOMIC ADVISOR TO PRESIDENT
TRUMP STEVE MOORE.
STEVE, I WANT TO START WITH, I
KNOW THAT YOU’RE A FAN OF THESE
PAYROLL TAX CUTS.
WE TALKED ABOUT IT MANY TIMES, I
DON’T GET A FEEL, MY GUT TELLS
ME IT WILL NOT BE PART OF THE
FINAL PACKAGE.
WOULD THAT BE OKAY?
>> NO, IT WOULDN’T.
BY THE WAY I DISAGREE WITH YOU,
CHARLES.
I ACTUALLY THINK IT WAS A GOOD
MEETING YESTERDAY.
EVERYTHING I HEARD FROM THE
PEOPLE WHO WERE IN THE ROOM WITH
MITCH McCONNELL AND THE
PRESIDENT, VICE PRESIDENT AND
STEVE MNUCHIN IS THAT THERE WAS
A KIND OF A MEETING OF THE MINDS
WE HAVE TO DO SOME KIND OF A
PAYROLL TAX TO HELP DIRECTLY
ENCOURAGE EMPLOYMENT AND
DIRECTLY ENCOURAGE MORE HIRING.
SO I DO THINK THAT WILL BE PART
OF THE PACKAGE.
I ALSO THINK, CHARLES, THERE IS
GOING TO BE A REAL MOVE BY
REPUBLICANS TO LOWER THAT
UNEMPLOYMENT INSURANCE BENEFIT
WHICH IS NOW $600 A WEEK, PLUS
NORMAL BENEFITS, REPUBLICANS
CAN’T LIVE WITH THAT.
THEY THINK IT WILL DISCOURAGE
THE WORKERS FROM ENTERING THE
WORKER MARKET, LABOR MARKET IN
THE FALL.
CHARLES: SO THEN, WHAT’S THE
TRADEOFF?
WHAT DO DEMOCRATS GET IN RETURN
FOR THOSE COMPROMISES?
>> BOY, THAT IS A TOUGH THING.
WHAT THE DEMOCRATS WANT MORE
THAN ANYTHING IS AID TO THE
STATE, BLUE STATES AND BLUE
CITIES.
THE TEACHERS UNIONS ARE ASKING,
CHARLES, ARE YOU READY FOR THIS,
OVER $150 BILLION OF AID FOR
SCHOOLS.
BY THE WAY, AT THE FEDERAL LEVEL
EVERY YEAR WE SPEND ABOUT
50 BILLION A YEAR ON SCHOOLS.
SO THEY WANT THREE TIMES THAT
AMOUNT.
I DON’T EVEN GET IT, CHARLES,
BECAUSE, HALF OF THE SCHOOL
DISTRICTS SAY THEY’RE NOT EVEN
GOING TO OPEN UP THE SCHOOLS.
WHAT ARE WE ASKING FOR
$150 BILLION FOR?
A LOT OF FIGHTING GOING ON IN
THE NEGOTIATION OVER THE NEXT
COUPLE WEEKS.
CHARLES: SO TO THAT POINT,
STEVE, SCHOOL REOPENINGS AND
STATES CLOSING BACK DOWN, SOME
SEEM TO BE, BE WILLING TO DO IT
FAIRLY QUICKLY, LIKE A
CALIFORNIA AND THAT THEY’RE
GOING TO BE ASKING FOR THE MOST
MONEY FROM THE FEDERAL
GOVERNMENT.
SHOULD THERE BE SOME SORT OF
CONTINGENCY, HEY, YOU HAVE TO
OPEN YOUR STATE, KEEP IT OPEN IF
YOU TAKE THE MONEY?
AND THE MONEY WE GIVE YOU,
ADDITIONAL MONIES FOR THE
SCHOOLS HAVE TO GO TO SAFETY SO
THAT SCHOOLS REOPEN?
>> WELL LET ME DEAL WITH THAT
SECOND ISSUE BECAUSE IT’S THE
CRITICAL ONE.
THERE IS NO QUESTION THAT WHAT
THE PRESIDENT HAS BEEN TALKING
ABOUT AND MENTIONED YESTERDAY IN
THAT MEETING ACCORDING TO MY
SOURCES IS, WE’RE ONLY GOING TO
GIVE MONEY TO SCHOOL DISTRICTS
TO GET THE SCHOOLS OPEN.
WE’RE NOT GOING TO SUBSIDIZE
THEM TO KEEP THEIR SCHOOLS
CLOSED.
AND BY THE WAY, THERE IS A LOT
OF TALK IN THE WHITE HOUSE ABOUT
SOME KIND OF VOUCHER SYSTEM, IF
A SCHOOL DISTRICT REMAINS
CLOSED, PARENTS WANT TO SEND TO
THEIR SCHOOL WHICH IS HALF THE
PARENTS IN THE COUNTRY, THEN
THEY SHOULD BE ABLE TO GET,
MAYBE A FIVE, 10,000-DOLLAR
VOUCHER FROM THE FEDERAL
GOVERNMENT SO THEY CAN GO TO A
PRIVATE SCHOOL OR CATHOLIC
SCHOOL, JEWISH SCHOOL, MAKESHIFT
SCHOOL WHERE YOU GET PARENTS
TOGETHER, GET FIVE OR SIX
PARENTS TOGETHER WITH A
MAKESHIFT CLASSROOM.
YOU CAN’T HAVE FUNCTIONING
ECONOMY IF YOU DON’T HAVE KIDS
BEING EDUCATED.
CHARLES: SURE, SURE.
LET ME ASK YOU ABOUT REAL QUICK,
WE’RE WINDING DOWN HERE, BUT
JUDY SHELTON LOOKS LIKE WILL
LIKELY BE APPROVED BY THE SENATE
FOR THE FEDERAL RESERVE BOARD
VERY SOON.
IT WASN’T LONG AGO WHERE THERE
WAS NOTHING BUT CRITICISM ABOUT
HER, THE GOLD STANDARD, A LOT OF
REPUBLICANS CAME OUT AGAINST
HER.
I WAS SHOCKED TO FIND OUT NOT
ONLY WAS SHE STILL IN THE
RUNNING, SHE MAY GET THE JOB.
WHAT’S YOUR THOUGHTS ON THIS?
>> SHE WILL GET THAT JOB.
THERE IS NOBODY BETTER.
I’VE KNOWN JUDY SHELTON SINCE
THE JACK KEMP YEARS WHICH WAS
25, 30 YEARS AGO.
SHE IS A SUPERSTAR.
SHE IS SO NEEDED ON THE FEDERAL
RESERVE.
NOW DOES SHE HAVE SOME, SOME
OPINIONS THAT CONFLICT WITH
MAYBE WHAT CHAIRMAN POWELL AND
SOME OF THE OTHERS THERE THINK?
ABSOLUTELY SHE DOES.
THAT’S WHY SHE IS NEEDED.
THEY NEED SOMEBODY WHO DOESN’T
DRINK ALL THE KOOL-AID THERE.
CHARLES: YOU KNOW, JUST MOMENTS
AGO, AS WE WERE TALKING SHE WAS
APPROVED BY THE COMMITTEE.
GOES OUT TO THE SENATE.
LOOKS LIKE SHE WILL GET THAT
JOB.
I SAY CONGRATULATIONS TO JUDY.
SHE STUCK TO HER GUNS.
YOU KNOW WHAT?
YOU DO NEED THE DIVERSIFIED
THINKING ON THE FEDERAL RESERVE.