in the green lobby and most Democrats and they started caving to provided in many
cases profits for people’s
mutual funds and pension funds.
Shannon bream Santa bream was I
was station. >> I called said she added she has Sandra has never happened
before never Sandra Smith is co
anchor of their can report I’m
going to be on with you a
little while.
>> Fantastic will be on with
Sandra Smith, it would be like
Janet by the way.
>> You’ll be in studio.
I way I can’t wait So listen
first off let the CEO of
Chevron still measured measured
in their response.
I know it’s not wwe in calling
out the president that would be
appropriate either.
But I’m still noticeably
Yankees, though oil and gas is
so measured. In coming back at
the president and politicians
like Pete buttigieg the fact of
the matter is the
should not demonized the as
these American based companies
that employed thousands of
people when we’re on possibly
the verge of a recession.
Demonization of business bad
capitalist society, good free
market society, good.
Kevin mccarty by the way just
put out this tweet I wanted to
bring it to your attention
Bryant’s I know you like all
things new think about this
inflation so high that if
you’ve had a constant salary
for the last year think
about that. It’s like you’ve
worked more than a month
without pay. That’s Washington
Democrats, what Washington
Democrats took from you this is
the Pelosi pay cut. important
for Republicans to really paint
that picture whether its
sky-high energy gas prices that
we’re all paying or at the
grocery store, whatever and
however you’re being hit by
this inflation that that is of
money out of your pocket
at the same time it’s
administration that continues
to point fingers at everyone
but themselves, including
American companies trying to do
business in America. I know,
and you just pointed out
another quote ways think is
important. We’ve witnessed near
the business expert, but I was
like to be led by economists
because that’s what they do
right 9% inflation, how we’re
going to solve it we’re going
to raise interest rate whistle
going to win or raise taxes
skews me we’ll raise taxes why
is that a good idea. Thankfully
yesterday or the day before
yesterday, Joe Manchin said
yeah I look to the 9%. I’m not
going to go along with it
reconciliations dead without
mansion. It’s not going to
happen. So it makes me wonder
when Democrats are going to
start calling at their own
administration and you walked
in with a quote from a
Democratic lawmaker Alyssa
she just said on another
network that people can feel
and see the spin from this
Biden White House on inflation.
She said quote I think that
what I would like to see is
some sort of path. Ford.
What a path forward so that may
be we can’t fix this tomorrow,
this is not an exact for bait.
But something that says we’re
working on the problem.
We know the kind of sort of
road that we’re on and people
are not happy. We want to get
back to normal pricing. So this
is a Democrat saying to the
White House stop spinning.
What is a very real tangible
problem that people are living
through and feeling every
single day. Nobody’s happy
about this. We’re Republican a
Democrat. You know like paying
what you are at the grocery
or at the gas pump and his time
these Democrats start
identifying the problem, but
you can’t fix it Brian. If you
don’t know what’s causing the
problem don’t acknowledge
what’s causing the problem.
So they’re talking about tax
hikes. More spending when
poll after poll shows that
inflation is the top problem
for most voters right now and
when asked to what do they
what’s causing the problem.
Most people say government
spending. So why is this White
House thinking it’s a good
idea. 116 days ahead to the
midterm elections to tout more
spending couple of things what
I feel is they think that
they’re going to lose at least
one chamber they know it so
it’s going to do anything
agenda driven.
>> Because its agenda matters
more than the well for the
individuals, the exact opposite
Ricci supposed to get into
politics to help the most
people possible instead of your
your own party gain. I want you
to hear the problem, there’s a
lack of trust
this administration is have
proven to be the worthy to be
behind the wheel at a time of
crisis much of which they
created and here’s why cut 15.
>> Doubt we’re going to see an inflationary cycle. Our analysis is going to be done by
our economic They continue to
convey that they believe the
impact will be temper a
transitory overwhelming
consensus is going to pop up a
little bit and then go back to
force is something that.
>> Will settle down.
Transitory time to turn it over
the last couple of months.
>> We actually saw a trend
downward or higher prices here
to stay.
>> I believe it’s transitory
we’re also working to on stick
bottom next. Between
the porch and the story of
stations commuting to do this
much. I’m going to do
everything I can to minimize
putin’s price hike here at
home.
>> What does it I mean what I
mean that right there and then
when you turn around say let me
just say which on the economy.
People have short term people
don’t have that sure to
memories they know we said
before and didn’t prove to be
true and fundamentally I
believe people us respect of
his administration entrust his
administration. On the day
Afghanistan. I like economic
experts to I wish there were
some in the White House right.
We also this new report from
the committee to unleash
prosperity showing that most of
Biden’s top officials have 0
experience in business.
>> It would be funny if it
wasn’t so terrifying
the very team that has been
deployed to help us avoid a
recession. And climb out of
this inflationary crisis
doesn’t have a lot of
experience dealing with it
I mean I look at guys like
Brian Deese and by the way
these people are always welcome
on our show we invite them
every day they don’t send us
anybody or solve them.
Not married often you know we
ask fair challenging questions.
But is there are tough to
answer at this moment. But
lacking experience. I reached
out to
Larry summers, I’ve been saying
this on your own Janet Yellen
acknowledges she’s been getting
this inflationary problem
wrong. Larry Summers has been
raising the red flag on this
for quite some time but here is
my point in the middle of all
this bright.
The very people that this
administration from day one has
said that they are setting out
to help the hard working middle
class. Americans
they’re the ones who are going
to pay for all those mistakes
and all those officials who
have gotten this right all
along guess what’s going
to happen to be a lot of short
term pain for long-term gain
gain and Larry Summers is
making the point that we’re
going to see millions of
Americans lose their jobs.
Unemployment going have to go
above 5 or 6% for years right
to bring that it that down that
inflation rate.
Felicia was one 0.4% when Joe
Biden took office right now
we’re at 9%. So a couple of
things so when people act like
they’re cheering the Fed to go
up 75 or a 100% basis points.
>> Well good with a facet race
goes up the faster inflation
were down but along the way
these people try to buy a
house. Look at their credit
cards are already on the
popularity poll, the bucks was
hurting housing
and eventually some people that
will occur and say I don’t know
if I keep my employment.
My payroll is that Laura that’s
the point that’s the point
those are the people who are
going to pay for these policy
mistakes.
>> It’s going to have to
happen. I mean you look back at
history Brian anytime we’ve
gotten any severe inflationary
environment you’ve got to raise
interest rates and the point
is that to hurt the economy.
I mean that there’s no other
way to to be that picture
you’ve got to hurt the economy
in hurt demand
to bring down those prices that
would be the goal of raising
those interest our people are
plotting hiking the raise the
interest rates but they see
that as a necessary evil to
bring down prices so as you
know.
>> Be with your financial
background there’s been
pressure these major investment
firms to stay away from fossil
and to the point where it
actually is being good
investment but it’s not a good
political investment. Well
looking for more environmental
friendly opportunities. So blackrock’s and State Street managed to more than
20 trillion in combined assets.
So Dan Sullivan put together
with
10 co sponsors has introduced
legislation that will require
investment advisor with more
than one percent of fund shares
to vote only upon the
instruction of the fund’s
investors, not on their own
discretion. He’s trying to do
with Kentucky’s doing statewide
and push these investment firms
to look at oil and gas
and coal because sub the arts
they are come. I
think insidiously destroying
their businesses and I think is
pushed back now in Congress to
defend the people that work
there.
>> You think this is
>> look I think people are
looking at at the entire
energy situation sort of I said
I I would say from sort of one
view. I
think increasing oil supplies
in this country, you’re going
to have to increase the
willingness to invest in the
fossil fuels industry.
Everybody’s been told not to
spend on that industry because
we have an administration
that’s not friendly to it.
I think when we’re talking
about increasing oil and asking
Saudi Arabia I think there’s a
bigger picture there. I think
we can get the oil here we need
to be able to refine it into
gasoline, see need the
investment into in the right to
the refining capacity in this
in this country as well not
seeing that yet I mean we’re
we’re maxed out as
far as refined or a refinery is
in this country right now so
these caged in West Virginia’s
doing they said if you do they
have they told 6 of the
nation’s largest financial
institutions.
>> Cutting JP Morgan black
fracking Wells Fargo.
They might not going will no
longer be allowed to do
business in their state of West
Virginia. Because of the
positions on fossil I just love
that they’re taking action
instead of being victimized
because there’s some great
people work in that business.
We are better and cleaner than
anybody else. We could be
working on a bombing there.
But Sandra the big picture I’m
thinking about a deal using the
pandemic to jam this stuff down
your throat and is just not
ready and Europe’s realizing is
not ready.
The fire Germany fire up the
coal plants again that’s going
to be a mask and China never
stop winter is going to be a
mess.
>> Right all The bottom line is
Bjorn lomborg has said all
along. This transition was not
ready. No one was ready for
this transition, push the
transition prematurely and
people pay the price hard