>> The talk show that’s getting you talking if you’re with Brian kilmeade truck.
>> Likes to boast the single
best measure of the economy is
the stock. I never thought
that.
Take a look at the stock
market now.
>> We’re on the right track got
more to do. So if you’re
looking for someone that’s
going to keep our economy going
and growing the map behind me
the guy to get dot extremism.
Can come in many forms.
Driven to assault the capital that can come and a smile and a fleece vest.
>> So let me so that’s my take
away. I don’t think the stock
market is indication of the
economy with Donald Trump who I
don’t like said it was and
stock market’s up okay, so we
should dismiss it and then of
course when you see Glenn
youngkin you think he’s going
to storm the Capitol after all
he’s got a fleece vest on for
more providing color
commentator, I’m here to get
her ready for Bret Baier and
her election coverage.
Please re gree Martha maccallum
most of the story of 3
Martha interesting goes 6 time
it is interesting that
essentially even though he said
you know.
>> Some thought that the stock
market was reflected the
economy, but I say it isn’t but
he’s asking you to please
notice it now because it is up
he’s hoping that because get
really point to too many other
things you can point to.
The success of the you know the
economy moving along
gangbusters because there’s a
supply chain problem and we’ve
got an enormous inflation
problem that people on
both sides of the aisle are
recognizing a very big way now
from Larry summers and other
former obama obama White House
folks who are acknowledging
that this is a real problem.
Jack Dorsey says it’s a a huge
problem. You know so
if this is it this is a major
issue. I think you know one of
the things I really notice a
lot that I was mentioning right
before we went to the break is
this issue of suburban voters
right and when you go back to
what they were saying in 2020
during the election. They were
basically saying you know what
I’m just tired of all the chaos
and the tweets what I want is
like a car. Yeah, steady hand
I want to say common sense
leadership and Jose hits.
But they don’t feel like they
got it and that’s what’s
happening in Virginia right
now. They were looking for sort
of a breather right
that just just someone who had
been around for a long time who
knew how things work to add
give them sort of a moderate
leadership, but they didn’t get
it so now they’re incensed and
then they see what’s happening
in their schools and they’re
being told that they’re racist
and they don’t like that at all
so that’s one
of the main reasons that you’re
seeing this big move in an
independent vote. But I think
that you know that is one of
the key factors you have to go
back to the reasons
that people wanted to change
and are the are those reasons
being satisfied right when you
terms of the topics does this
surprise you the economy, the
people of Virginia anyway we
think that
can really the translated to
other states, the economy
number one by 40% other say
education by 23% of the say
health care.
>> 17% in taxes. 9%
so the economy, 40%, how’s it
going. How attacks has
inflation treating you
you know how how the prices how
bad is it to walk into a
supermarket not be able to get
stuff what a presence and have
it delivered then find out you
should lower your standards and
stop ordering stuff you’ve been
kind of selfish and the be
yelled at because maybe you
might have some apprehensions
about getting him medical
advice from a politician that
seems very angry and squinting
all the time and prompt ers
that away too far away.
So if you want like OK, you
know what exactly is going.
Well right now N as we talked
yesterday, you kind of by the a
new show.
This is all self-inflicted, you
can’t control tornadoes
sometimes can’t control Ward
attack. You know the China
virus may be how quickly can
respond. But all this stuff is
policies. He led it really
let drift or won’t he put into
play that have blown up.
Yeah, you know
I think about this now I don’t
know roughly one 0.7 1.8
trillion dollars spending plan
to try to push through.
>> They have an opportunity to
sort of let this thing fall
by the wayside because they
simply can’t get the right
combination of tax of approval
on taxes on how to pay for it.
They told everybody was going
to cost anything
they say because all of the
other people are going to pay
for the rich people so then you
well I don’t really like this
idea of taxing people on gains
that they haven’t Cinema
I don’t like taxing people, the
individuals or corporations as
Christian said about so strip
that out then the IRS idea
right we’re just going to find
people that we can you know we
can audit them we’re going to
just get tons of money for
those audits. Yeah that’s how
to I’m sorry who’s paying for
this at this point all of the
alternatives seem to be seem to
have shifted away in terms of
who’s going to keep us. We are
we had a really interesting
poll they keep going back to
59% of Americans think that
this huge build back better
bill well either hurt the
economy. It won’t help it,
59%. So if you want to get on
the right side of voters, it
might not be a bad time to sort
of say you know what
we’re gonna put this on the
back burner. We’re going to
focus on inflation going to
focus on was going on at that
at the ports are going to get
the economy with the wheels,
turning them. A million things
that could be doing right David
George of truck drivers bring
in the military for a few weeks
and see if it helps no I’m not
sure why Robert Nardelli at text me and said have you thought about how many
truck drivers we have in the
National Guard, their trade
exactly can do it.
>> And then was brought up.
And brought up to the president
during his town
home’s haha immediately walked
it back out and exploit it
we’re not going to do that I
can do better understand it,
you know and and people to
judge has the stakeholders they
all listen to each other when
everyone who are stakeholders
everybody all the stakeholders.
>> And they all listen to each
other. So that’s good we’re
going to check that box are
good, but I guess some of the
stakeholders unlike the aid of
the National Guard coming in
and drive in some stuff ran for
a while to alleviate this
problem plus you know you’re
going to send more of these
containers to Florida
where the governor there has
said we have some open space in
2 different places don’t send
any more to California because
they can’t handle what they’ve
got there.
So distribute them around the
country it seems like there are
some ways to start to
get the wheels turning here,
Evan L you can’t drive a truck
in California let you unless
you could declare citizenship
their residency there.
>> And when you do that your
taxes go through the roofs of
truck drivers go. Yeah, I’m not
going to lot of truck drive we
were already 60 to 80,000
drivers down and a lot of money
not even going to California
because they’re not going to
pay taxes. So it is their fault
again. I love this.
The supply chain is getting so
bad, it’s such a burden that
the Biden administration is
having the key players meet
once a week, wow sounds like
an emergency. This has a 5
alarm fire you’re going to meet
once a week fantastic. Well you
could probably accomplish a lot
can order some lunch maybe stay
a little after,
but maybe meet twice a day this
is what I’m saying this is the
listening sessions and the
stakeholders who come together
to discuss options, it’s all
these words that people know me
nothing.
>> In terms of stuff actually
getting done people are smarter
than that may look at and say.
>> There has to be there has to a more productive.
>> UCLA manual never let a
crisis go to waste right so you
got crisis you’ve got the
supply chain issue jump all
over it. Yeah,
you know get out there spent
time there the president at the
ports right now they they’ve
called or the National Guard
there fixing this problem
they’re going to get your toys
for Christmas. They’re going to
get you even your the tragedy
of your peloton will be fixed
and you know show action take
action. Right so one of the
people that have turned on the
president’s economic plan
programs and effort.
>> Is this guy Jason Furman,
Mister of high class problems.
So he said the
original sin was an oversized
American rescue plan really
that is the pride of Joe Biden
he’s got nothing else to hang
its hat on it contributed to
both higher output, but also
higher prices oops so he worked
for president obama he said
that Larry summers on
inflation, the spending the
printing of money that
happening at a staggering rate.
He has a problem with it he’s
taking 9 Janet Yellen with that
Elizabeth Warren’s taking on
the Fed director wants a new
one in there so.
She wants more taxes, Joe
mentions no kitchen cinema says
no. The Bernie Sanders wants an
expansion of Medicare
right away too much this gives
me 2026, it runs out right 2026
why would we do something that
would put more burden on it
with vision and dental
might be quite it would just be
practical for second with this
exact could get you joined by
something no no I just go
ahead, but this is exactly what
I’m talking about was that sort
of like calm steady hand that
that people expected.
>> This is what they expected
when they hear Joe Manchin come
out and say gee you know what
I’d love to get everybody all
the stuff, I’d love to give pay
for everyone’s college
education. You know free
preschool in all of it.
But the problem is we can’t
afford the programs that the
government already runs like
look at the stuff the
government already does
they’re already running out of
money so why would you give
this to them to run
all of these programs when they
have no track record in doing
them successfully in just one
other thought you know, Peter
mccall’s bringing in Bernie
Sanders. So what does that tell
you it tells you that I do is
yeah and it tells you that he
feels like. Perhaps this
is my assessment just as having
covered these stories for a
long time that he that he needs
the progress is because he’s
lost a lot of them now so he’s
going back to grab that you
know that core vote in the
progressive side with an
appearance by Bernie Sanders in
hopes of l a bigger turnout,
right we’ll we’ll see how this
goes because got moderate
holding up the Democratic
agenda. You can’t even vilify
Republicans.
>> And when it comes to
mandates they want to vilify
Trump supporters. But you know
who is helping with the protest
for Kerry Irving and the Nets,
black lives matter
because a lot of minorities and
that a lot hosting point are
not getting
the vaccination so it keeps
swinging. Donald Trump. He’s
not there he’s not tweeting.
>> And he’s not running he’s
not a surrogate.
He doesn’t he likes Glenn
youngkin but he understands if
you search him so I think first
first time for now he
understand the research
themselves too much. He will
blow up any chance he has
because right or wrong there’s
a lot of people that don’t want
to vote for him right or wrong
Glenn youngkin can’t win
without Trump supporters.
>> So we try to straddle that
line. I want you to hear how
diverse the Democrats and how
different they are. So while
mansion cinema pushing back on
taxes. Elizabeth Warren’s
ignoring the president just
like she nor barack obama to a
degree and said this yesterday
cut 13 the problem in America
right now with billionaires.
>> Is that they don’t pay taxes
the way everybody else does
this is our chance here we are
we’ve put together a package to
make investments and we have a
chance to say Jeff Bezos
you and the other
700 billionaires are actually
going to have to kick in some
money on this I think it’s
right thing to do right.
>> He is not doing anything to
the economy.
Jeff basis.
>> I would love to see what the
write offs are and see
what’s happening.
>> But the engine and the
engine of the economy are these
billionaires in many respects.
I was staggered to see that
this generation
of billionaires are the at the
number of first generation
billionaires are off the
charts, it’s growing every
year. Of the charitable giving
we know about America’s most
terrible listen to this.
The financial researchers from the libertarian Cato journal determine that half of the well
from the 4 400. Our newly
created in one generation.
These are the people I want to
learn from and listen if
they’re smart people to sit
down from Price Waterhouse and
now in government. They can
look at this and say guys
this is an area we kiss and I
think they are trying to get
around. But they’re playing the
game and game is the way we all
do individually and some level
if I could do a tax write off
maybe people give to give to
charity. They want to get that
tax rate on maybe they’ll go
invest something to have some
type a loss on a regular basis.
So if you want to look at that
but to continue to vilify
people say they’re not paying
anything when they are
employing 10’s of thousands of
people and going into space.
I think that’s a
reach well.
>> I I I see both sides of that
and I think
it is important for everybody
to unite that Joe Manchin just
said he’s OK with a 15%.
You know corporate minimum tax
for for the commission of that
is needed 21% so why would that
be a problem well this this is
additional sort of base
corporate tax I think for those
poor people in that in that in
in the billionaire range and he said you know I want to vilify people for making a lot of
money but I do think that it is
kind of patriotic tax and he
thinks that everybody should
pay I agree with you that they
they are huge drivers of the
engines of the economy
and that certainly they I don’t
think that it says 12 people
for for people in that position
to paid 0 right are they.
You know like you just pointed
out there’s a ton of creative
ways to lower your tax base
based on losses and based on
charitable giving and I think
that they take advantage of
every single possible thing
that they can in that regard.
So if you want to change that
you have to change the laws
regarding the loopholes that
are allowed just going to talk
very generally as they could
but history and I know you get
this the business background.
>> But for example subject
bases making a ton of money of
Amazon
because okay. I would pay a tax
is or Isis space program and
that space probes can probably
be a loss for about 20 years.
But the same time I appoint as
thousands of scientists
and then you know blue collar
workers looking to buy a
building by a warehouse I would
have people come around in the
New Mexico them to be able to
flourish that little town and
in creating business along the
way and I decide to take a risk
to do that you know I went for
50 years and never got anybody
in space. But it turns out you
didn’t end
and then you get these people
as basics, you know people are
paying big money to go into
space. I’m I’m all for this is
that it is I think why exactly
what you know when NASA was
falling on really hard times
that was that was the plan for
private industry to take over
some of the research.
>> That NASA was doing so that
part of the plan I think it’s
worked really well and we want
to be as a country that is on
the cutting edge of space
exploration so more power to
them on that so he created some
by not giving the government.
but some billions of dollars he
reinvested in something else he
knew would be a loss in the
short term, but I want you to
hear with Tilman Fertitta told
me yesterday he’s number one 50
on the Fortune, 50400.
>> I believe in taxes to make
our country great.
Absolutely. I don’t think a
ballot sheet billionaires tax
is the way to do it
if they do Bryant all it’s
going to do is make me not
build as much because I don’t
have the ability that creates
so many more jobs
and then your pay and so many
different taxes every employee
pays payroll taxes all your
sales taxes all the taxes they
pay it’s truly a mistake.
It’s it’s it’s a social
it way of not doing things in
this country. It’s the European
way our great capitalism will
slowly come to an end.
>> So your thought on that yeah
I heard I heard him say that
you have it was really
interesting interview and I
played yesterday for Austin
goolsbee goes away so there’s a
billionaire who does want to
billionaire tax that’s
shocking. But the reasons that
he does make a lot of sense in
terms of the kind of business
that he’s able to build and the
different decisions that he
would make if he had to pay
under a different track to tax
structure which you probably
heard a lot of people. I was
only chuckling because last
night I said you know the
Houston Rockets are playing in
the World Series tonight here’s