SHANNON?
>> Shannon: ALL RIGHT,
TRACE GALLAGHER, THANK YOU.
OKAY, 2020 PRESIDENTIAL
CONTENDER ELIZABETH WARREN IS
ESSENTIALLY ADMITTING ONE OF HER
KEY PROMISES WILL COST MILLIONS
OF MIDDLE-CLASS JOBS.
LET'S DISCUSS.
DEMOCRATIC STRATEGIST KEVIN
WALLING AND FOX NEWS CONTRIBUTOR
KRISTEN SOLTIS ANDERSON.
GOOD TO HAVE YOU BOTH WITH US.
>> GOOD TO SEE YOU SHANNON YOU
SHANNON.
>> Shannon: YOU ARE NOT IN
COSTUMES COME I'M A LITTLE
DISAPPOINTED.
LET'S TALK ABOUT SOME OF THIS.
LEON COOPERMAN, THIS INVESTOR --
THIS BILLIONAIRE GUY, HE
BASICALLY SAID THIS, BACK IN
SEPTEMBER, "YOU DON'T MAKE POOR
PEOPLE RICH BY MAKING RICH
PEOPLE POOR, THE
DEMOCRATIC PARTY SEEMS TO BE
LEANING TOWARD THE LEFT ON
POLICY, WHICH IS VERY HARMFUL
FOR THE ECONOMY.
I DON'T LIKE THE SHIFT TO THE
LEFT" PEERED HE AND MANY ON
WALL STREET ARE SAYING WE ARE
NOT GOING TO BACK THESE GUYS, WE
THINK THEY HAVE
GONE TOO FAR AND IT WILL BE GOOD
FOR THE U.S. ECONOMY.
>> EVEN IF THE SUBSTANCE OF
THEIR MESSAGE IS RIGHT, THE
MESSENGER IS IMPORTANT.
I HAVE TO IMAGINE
ELIZABETH WARREN IS LOVING IT.
EVERY TIME ONE OF THESE
WALL STREET FOLKS COMES OUT WITH
THIS MESSAGE AGAINST HER.
BECAUSE EVEN THOUGH THE FACT OF
THE MATTER IS A LOT OF HER
POLICIES ARE GOING TO REQUIRE
RAISING TAXES ON THE MIDDLE
CLASS IN ORDER TO PAY FOR THEM,
WILL POTENTIALLY HAVE VERY
NEGATIVE ECONOMIC CONSEQUENCES.
ONE OF THE THINGS SHE HAS GOING
FOR HER IS SHE HAS THIS POPULIST
MESSAGE.
AMERICANS DON'T THINK
WALL STREET IS WORKING FOR THEM,
THEY DON'T THINK BIG BUSINESSES
LOOKING OUT FOR THEM, SO THE
POPULIST MESSAGE SHE HAS, EVERY
TIME IT GETS REINFORCED, IS
ACTUALLY HELPING HER OUT, I
THINK.
>> Shannon: GETTING ATTACKED
BY WALL STREET AND RICH PEOPLE
GIVES HER STREET CRIED WITH THE
PEOPLE SHE IS TRYING TO GET TO.
BUT SHE IS TAKING A LOT OF HEAT,
ESPECIALLY OVER THE MEDICARE FOR
ALL SITUATION.
SHE IS ADMITTING IT WOULD COST
2 MILLION JOBS AS PART OF THE
COST, BUT SHE HAS BEEN PUSHED
AGAIN AND AGAIN ON WHO IS GOING
TO PAY FOR IT.
"POLITICO" SAID THIS.
TAXING THE WEALTHY WON'T COVER
THE TRILLIONS IN COST, RAISING
TAXES ON THE MIDDLE CLASS IS A
POLITICAL THIRD RAIL.
OTHER OPTIONS LIKE REDUCING
HEALTH CARE BENEFITS OR RAISING
PAYROLL TAXES ARE ALSO
POLITICALLY DICEY.
SMALL WONDER THEN THAT THE
TOP-TIER DEMOCRATS WHOSE MOTTO
IS THAT SHE HAS A PLAN FOR
EVERYTHING DOESN'T HAVE ONE YET
FOR HOW TO PAY FOR UNIVERSAL
HEALTH CARE.
>> YEAH, SHANNON FEARED I'M A
SINGLE-PAYER GUY, I'M WITH THE
VICE PRESIDENT ON THIS, WE GOT M
VICE PRESIDENT ON THIS, WE GOT R
VICE PRESIDENT ON THIS, WE GOT H
VICE PRESIDENT ON THIS, WE GOT E
VICE PRESIDENT ON THIS, WE GOT A
VICE PRESIDENT ON THIS, WE GOT .
REPORTS ARE THAT SHE WILL COME
OUT WITH THAT PLAN TOMORROW,
ACTUALLY, AND RELEASE THE PAY
FORCE FOR THE MEDICARE FOR ALL
PROPOSAL SHE IS PUTTING OUT
THERE.
I THINK IT'S NOT A WINNING
STRATEGY FOR DEMOCRATS.
MIGHT BE -- A WINNING STRATEGY
FOR THE PRIMARY.
SHE IS AT HER BEST WHEN RAILING
AGAINST THE WEALTHY AND RAILING
AGAINST THE CEO'S, WHEN RAILING
AGAINST THE 1%.
WE KNOW INCOME INEQUALITY IS AT
ITS HIGHEST POINT OF A COUNTRY,
SO SHE IS TAKING A PLAY OUT OF
THE PRESIDENT PLAYBOOK FROM 2016
IN THIS POPULIST MESSAGE, WHICH
MAY VERY WELL RESONATE WITH
THE PARTY.
>> Shannon: SHE AND
SENATOR SANDERS HAVE SHARED SO
MANY COMMONALITIES BID THAT
DIFFERENCES LUCKY POLICIES, BUT
FOR THE MOST PART, SEEM TO BE IN
THE SAME LANE.
AND I SEEM TO BE BATTLING FOR
THE SAME SLICE OF THE POTENTIAL
PRIMARY.
LIKE IT'S A BAD WORD, THAT SHE
ADMITS TO BEING A CAPITALIST.
SHE ACTUALLY ADMITS TO BEING A
CAPITALIST.
SPEAK WITH YOU SOMEONE VERY
ECONOMICALLY PROGRESSIVE, YOU
MIGHT LOOK AT
ELIZABETH WARREN AND
BERNIE SANDERS, I WANT THE
ORIGINAL FORMULA, NOT THE KNOCK
OFF.
I WANT THE PURE, UNVARNISHED,
EMBRACES THE WORD SOCIALISM
FULLY.
IF YOU'RE A DEMOCRATIC VOTER
INTERESTED IN ELECTABILITY, YOU
MIGHT LOOK AT BERNIE SANDERS AND
SAY HE'S A LITTLE TOO EXTREME,
MAYBE ELIZABETH WARREN'S
ATTEMPTS TO PLAY THE GOLDILOCKS
GAME, DON'T BE TOO HOT OR TOO
COLD, BE RIGHT ON THE MIDDLE,
MAYBE THAT'S ENOUGH.
I THINK HER POLICIES ARE TOO
CLOSE TO BERNIE SANDERS FOR HER
TO HAVE ENOUGH OF AN
ELECTABILITY EDGE.
IF YOU ARE REALLY TRULY
PROGRESSIVE, WHY GO FOR THIS
NARRATIVE?
YOU CAN GO FOR THE NAME-BRAND IN
BERNIE SANDERS.
>> Shannon: THEY TALK ABOUT
THE 50 YEAR UNEMPLOYMENT LOW, IT
DIDN'T JUST HAPPEN, IT'S THE
EXPLICIT RESULT OF CONGRESS IN
PRESIDENT TRUMP MOVING FORWARD
WITH REAGANOMICS.
IF THEY THINK HE WILL POUT HIS
OPPONENT WITH THE FACT HE HAS
CREATED REAL WORK FOR REAL
PEOPLE, WHETHER IT IS JOE BIDENO
PEOPLE, WHETHER IT IS JOE BIDENR
ELIZABETH WARREN.
>> MY CONCERNS ARE LOOK AT THIS
QUARTER.
1.9% GROWTH, I THINK IS GOING TO
BE REALLY PROBLEMATIC AND HELD
AROUND THE NECK OF THIS
PRESIDENT GOING FORWARD PEERED
HE PROMISED 5%, 6% GROWTH IN
GDP, AND WE'RE NOT SEEING THAT
LEVEL OF GROWTH, AND I THINK
THAT WILL BE A KEY ISSUE IN
2020.