GREEN BLOCK ON THE LEFT-HAND
SIDE OF YOUR SCREEN.
WE’VE GOT A NEW REPORT BY THE
COMMITTEE TO UNLEASH
PROSPERITY, I LOVE THAT TITLE,
AND IT HIGHLIGHTS THE NEGATIVE
EFFECTS OF THE INFLATION
REDUCTION ACT.
THIS REPORT, OR PART OF THE
REPORT SUGGESTS THAT OVER
THE NEXT 10 YEARS, EMPLOYMENT
WILL BE CUT BY 900,000.
GDP CUT BY 1.2%, HOUSEHOLD
INCOME, DOWN 1,200 BUCKS, WOW
HOW ABOUT THAT?
STEPHEN MOORE IS WITH US, AND
YOU KNOW WHAT’S IN THIS REPORT.
THE DEMOCRATS NEVER MENTIONED
ANY OF THAT WHEN THEY WERE
SELLING IT TO US.
>> YEAH, BY THE WAY I LOVE THE
BERNIE SANDERS STORY AND
IT’S IMPORTANT TO NOTE, I WANT
TO REEMPHASIZE THAT BERNIE
SANDERS IS THE ONLY GUY,
DEMOCRAT WHO TOLD THE TRUTH
YESTERDAY, AND SAID THIS BILL
WILL MAKE INFLATION WORSE, NOT
BETTER.
SO CONGRATULATIONS TO BERNIE
SANDERS FOR TELLING THE TRUTH.
HE STILL VOTED FOR THE BILL, OF
COURSE, STUART, BUT HE
ACKNOWLEDGED THAT THIS IS MISS-
LABELING CALLED THIS AN
INFLATION REDUCTION ACT.
THE STUDY THAT WE DID AT THE
COMMITTEE TO UNLEASH PROSPERITY
BASICALLY FINDS VERY VERY
NEGATIVE EFFECTS FROM THIS BILL
ON THE ECONOMY, AND MOST
AMERICANS KNOW THIS.
IT’LL HAVE A SIGNIFICANT
NEGATIVE EFFECT, WELL IT’LL
INCREASE THE INFLATION RATE BUT
IT’LL ALSO LEAD TOFUER JOBS FOR
TWO REASONS.
ONE IS THAT IT KILLS CERTAIN
INDUSTRIES IN THE UNITED STATES,
THE THREE BIGGEST LOSER INDUSTR
IES ARE STEEL, COAL, AND
MANUFACTURING INDUSTRY.
NOW, THEY’RE TRYING TO MAKE A
FIX TO THAT BILL AND IT’S
STILL IN MOTION RIGHT NOW,
STUART, BUT THOSE ARE THREE OF
OUR MOST CRITICAL INDUSTRIES,
AND THEN THE OTHER REASON THIS
BILL LOSES JOBS IS BECAUSE
IT’S A MASSIVE INCREASE IN THE
WELFARE STATE IN TERMS OF
WHOSE ELIGIBLE FOR THESE FREE
HEALTHCARE BENEFITS BUT NONE OF
THOSE BENEFITS, STUART, ARE TIED
TO WORK.
IN FACT THEY HAVE DISINCENTIVES
TO WORK SO YOU’RE CONTINUING TO
ENCOURAGE PEOPLE TO DROPOUT OF
THE WORKFORCE, AND GET THESE
FREE GOVERNMENT BENEFITS.
STUART: OKAY, THAT’S HOW IT
WORKS, OKAY.
ANOTHER POLL SHOWS 69% OF US
BELIEVE THE ECONOMIES GETTING
WORSE.
THAT IS THE HIGHEST NUMBER SINCE
2008.
DO YOU THINK IT’S GOING TO GET
WORSE IN THE PUBLIC
ESTIMATION BETWEEN NOW AND
NOVEMBER?
>> YOU KNOW, IT’S HARD TO SAY,
WE’RE SEEING A LITTLE BIT OF A
RECOVERY RIGHT NOW FROM THE
HORRIBLE LAST FOUR MONTHS.
I THINK INFLATION IS GOING TO
COME DOWN A LITTLE BIT, STUART,
BUT THIS IS AN ECONOMY THAT’S
REALLY AILINGMENT WHEN YOU HAVE
A SITUATION WHERE YOU’VE GOT TWO
STRAIGHT QUARTERS WHERE THE
ECONOMY HAS CONTRACTED, WHEN
YOU HAVE THE AVERAGE FAMILY,
STUART, OVER THE LAST YEAR, HAS
LOST ABOUT $4,000 IN PURCHASING
POWER, THAT’S A BIG DEAL FOR
PEOPLE, AND THAT’S THE
REASON MOST AMERICANS
BELIEVE WE’RE IN A RECESSION,
BECAUSE THEY’RE FEELING IT RIGHT
IN THE POCKETBOOK.
WHEN YOU PASS BILLS LIKE THIS ,
STUART, TO MAKE THE ECONOMY
WORSE, I MEAN, SOMEBODY HAS TO
POINT TO ME ONE THING IN THIS
BILL THAT HELPS THE
AMERICAN ECONOMY, BECAUSE I
CAN’T FIND ANYTHING.
ONE LAST POINT, STUART.
IF YOU ADD UP ALL OF THESE
SPENDING BILLS OVER THE LAST 18
MONTHS, $3.7 TRILLION OF NEW
SPENDING, DEBT, AND MONEY PRINT
ING.
HOW IN THE WORLD IS THAT GOING
TO HELP THE AMERICAN ECONOMY?
STUART: IT’S NOT.
LET ME MAKE ONE LAST POINT.
THE SENATOR SUPPOSED TO CONSIDER
SEPARATELY THIS JOE MANCHIN IDEA
TO INCREASE PERMITTING AND GET
THE PIPELINES MOVING AGAIN.
I’VE GOT A BUCK SAYS THAT BERNIE
SANDERS AND OTHER SENATORS WILL
SAY NO TO THAT AND IT WON’T
HAPPEN.
WHAT DO YOU SAY?
>> LOOK, STUART, YOU KNOW WHO
ELSE IS GOING TO SAY NO TO IT
MUCH MORE IMPORTANTLY?
THE BIDEN ENVIRONMENTAL
PROTECTION AGENCY.
THEY ARE GOING TO BLOCK ANY
ATTEMPTS BECAUSE LOOK, BIDEN
SAID, REMEMBER?
I’M GOING TO, I WANT TO CLOSE
DOWN THE OIL & GAS AND COAL
INDUSTRY.
SO, WE SHOULD TAKE HIM FOR HIS
WORD FOR THIS.
THESE PERMITS ARE NOT GOING TO
HAPPEN, FOLKS.
WE’RE NOT GOING TO SEE THE
INCREASE IN OIL & GAS
AND COAL PRODUCTION AND SHAME ON
JOE MANCHIN BECAUSE THE STATE
THAT IS MOST NEGATIVELY IMPACTED
BY THESE POLICIES, STUART, GUESS
WHICH STATE THAT IS?
WEST VIRGINIA.
STUART: WELL-SAID.
STEPHEN GOOD STUFF.
THANK YOU VERY MUCH INDEED,