JACKIE: EDWARD LAWRENCE THANK
YOU AS ALWAYS.
MEANTIME PRESIDENT BIDEN’S TRIP
TO OHIO COMES AS A NEW MONMOUTH
UNIVERSITY POLL SHOWS HIS
APPROVAL RATING DOWN, DISMAL,
36%?
FOR REACTION TO ALL OF THIS
LET’S WELCOME CONGRESSMAN FRENCH
HILL FROM HOUSE FINANCIAL
SERVICES ALONG WITH FORMER
ECONOMIC ADVISOR TO PRESIDENT
TRUMP STEVE MOORE.
GENTLEMEN, GREAT TO SEE YOU BOTH
AND GOOD EVENING TO YOU.
WATCHING THE PRESIDENT SPEAK
TODAY, CONGRESSMAN IN OHIO,
TALKING ABOUT THE ECONOMY,
ESSENTIALLY SAYING YOU KNOW,
EVERYTHING SEEMS FINE WITH THE
EXCEPTION OF THE WAR THAT WE’RE
SEEING OVERSEAS.
YOU KNOW, WE SHOULD KEEP
CHUGGING ALONG.
THAT IS ACTUALLY NOT THE CASE AT
ALL.
AS A MATTER OF FACT ALL THE
UNDERPINNINGS SUGGEST WE’RE IN
RECESSION RIGHT NOW.
PEOPLE FEEL IT WHEN THEY’RE AT
GROCERY STORE, AT THE GAS PUMP,
THEY FELT IT WELL BEFORE
RUSSIA’S INVASION OF UKRAINE.
THEY FEEL IT WHEN LOOKING AT
THEIR 401(k)S AS WELL.
SO MANY PEOPLE TELL ME I’M CLOSE
TO RETIREMENT.
I CAN’T DO IT.
I’M IN RETIREMENT.
I HAVE TO COME OUT.
THESE ARE TOUGH TIMES RIGHT NOW.
HE SEEMS LIKE HE IS IN DENIAL,
CONGRESSMAN.
>> JACKIE, GREAT GREAT TO BE
WITH YOU AND MY GOOD FRIEND OF
FREEDOM, STEVE MOORE.
YOU ASKED HIM FROM THE PODIUM IS
HER HEAD STUCK IN THE SAND?
WE’RE IN RECESSION AS NOTED BY
ATLANTA FED, WE’RE CLEARLY GOING
INTO STAGFLATION.
THIS COUNTRY HAS NOT SEEN THIS
KIND OF HORRIBLE IMPACT ON OUR
FAMILIES, THOSE ON FIXED INCOME,
OUR WORKING FAMILIES, SINCE THE
1970S AND JOE BIDEN DOESN’T HAVE
A PLAN.
>> NO SOLUTIONS IN SIGHT AND
THAT’S REALLY WORRISOME AT LEAST
WHEN YOU HAVE A PROBLEM IF YOU
OWN UP TO IT, CONGRESSMAN, TELL
THE AMERICAN PEOPLE WE MADE A
MISTAKE, MEA CULPA, WE’LL FIX
IT, HERE IS WHAT WE’LL DO, PULL
OUT BULLET POINTS, WHATEVER IS
TO REASSURE PEOPLE.
INSTEAD ON THE PODIUM TODAY, HE
IS BLAMING FROM THE PODIUM ON
HIGH GAS PRICES ON REPUBLICANS.
>> REPUBLICANS DO NOTHING TO
OBSTRUCT OUR EVIDENTS TO LOW YOU
ARE YOUR GAS TAXES.
I PROPOSED THAT.
ELIMINATE THE FEDERAL GAS TAX
FOR AS LONG AS IT GOES ON.
LOWER FOOD PRICES, LOWER HEALTH
CARE COSTS, I HOPE TO LOWER YOUR
PRESCRIPTION DRUG COSTS.
>> STEVE IS HE RUNNING OUT OF
PEOPLE TO BLAME IT ON.
EVERY TIME HE DOES THE WHOLE
THING GETS WORSE AND WORSE AND
WORSE.
>> YEAH.
JACKIE, I WOULD JUST ADD TO WHAT
THE CONGRESSMAN WAS JUST SAYING,
I WOULD EVEN GO FURTHER THAN HE
DID.
IT IS KIND OF INSULTING WHEN THE
PRESIDENT TALKS ABOUT THE
GLORIES OF THIS ECONOMY WHEN
PEOPLE ARE REALLY HURTING AND I
DON’T UNDERSTAND HOW THE
PRESIDENT’S PRESS SECRETARY CAN
SAY, JACKIE, THAT PEOPLES
BALANCE SHEETS LOOK SO GOOD
RIGHT NOW.
I WILL TALK FROM PERSONAL
EXPERIENCE.
MY WIFE AND I LOOKED AT OUR
BALANCE SHEET WITH THE HUGE
LOSSES IN STOCKS THAT WE OWN IN
OUR 401(k) PLANS AND, WE LOST
A COUPLE HUNDRED THOUSAND
DOLLARS.
SO OUR BALANCE SHEET IS LOOKING
WORSE THAN EVER, NOT BETTER THAN
EVER.
AND I AGREE WITH WHAT YOU JUST
SAID, JACKIE.
I THINK WHAT IS REALLY
UNSETTLING TO THE FINANCIAL
MARKETS RIGHT NOW IS THE
PRESIDENT IS A MAN WITHOUT A
PLAN.
IN FACT ALL OF THE THINGS HE IS
TALKING ABOUT RIGHT NOW IN TERMS
OF SOLVING PROBLEMS ARE JUST
VARIATIONS OF THIS CRAZY
"BUILD BACK BETTER" PLAN.
REMEMBER THAT WAS THE
4 TRILLION-DOLLAR SPENDING BILL
THAT HE WANTED TO PASS BACK IN
THE WINTER AND SPRING.
AND SEW IT IS TROUBLING THAT
THEY DON’T COME UP WITH SOME
MORE CENTRIST SOLUTIONS THAT
MAYBE REPUBLICANS COULD BUY INTO
THAT WOULD GET THIS ECONOMY
MOVING AGAIN.
LIKE MAYBE A REAL TAX CUT.
MAYBE ENDING, LET’S SUSPEND THE
WAR ON AMERICAN ENERGY RIGHT NOW
AND POLICIES LIKE THAT WOULD
HAVE POSITIVE IMPACT.
JACKIE: QUITE THE CONTRARY,
STEVE, I THINK THEY SEE THE
MIDTERMS AND YOU THE CORNER,
LET’S TRY TO SPEND AS MUCH AS WE
CAN BEFORE THE TIDE TURNS.
>> EXACTLY.
JACKIE: THIS IS OUR LAST SHOT AT
IT.
TO YOUR POINT ABOUT RETIREMENT
ACCOUNTS, $3 TRILLION OUT OF
IRAS AND 401(k)S ALONE.
$3 TRILLION.
I’M NOT TALKING ABOUT PENSIONS,
EVERYTHING ELSE THAT THE AVERAGE
AMERICAN IS INVESTED IN, JUST
OUT OF THAT SEGMENT OF PEOPLE’S
RETIREMENT ACCOUNTS.
IT’S CRIMINAL.
CONGRESSMAN, I WANT TO COME BACK
TO YOU BECAUSE TRANSPORTATION
SECRETARY PETE BUTTIGIEG PLAYING
THE BLAME GAME AS WELL TALKING
ABOUT THE PAIN AT THE PUMP.
HE IS SAYING IT IS ALL ABOUT THE
OIL COMPANIES.
THIS ADMINISTRATION CAN’T GET
THEIR STORIES STRAIGHT BUT WATCH
THIS.
>> WHEN IT COMES TO THE SKY-HIGH
GAS PRICES DRIVERS ARE MAD ABOUT
IT, I’M MAD ABOUT IT, THE
PRESIDENT IS MAD ABOUT IT, OIL
EXECUTIVE COMPANIES ARE
THRILLED.
JACKIE: OIL COMPANIES ARE NOT
THRILLED.
THEIR BREAK EVEN IS IN THE
30s.
MUCH RATHER HAVE OIL IN THE
50s WHERE THEY MAKE IN THE
PROFIT TO INVEST IN THE FUTURE
WHERE PEOPLE ARE NOT POINTING
FINGERS AT THEM LOOKING AT ALL
THE PROFITS THEY’RE NOT HAPPY
ABOUT IT.
BUT THIS ADMINISTRATION CREATED
A SITUATION WHERE THEY CAN’T
EFFECTIVELY AND EFFICIENTLY DO
THEIR JOB.
THAT IS WHY THE AMERICAN PEOPLE
ARE PAYING MORE AT THE PUMP.
>> LOOK, OIL EXECUTIVES HAVE
BEEN TOLD BY JOE BIDEN HE IS
GOING TO ELIMINATE FOSSIL FUELS
PREMATURITILY BEFORE WE’RE READY
TO MAKE THAT TRANSITION TO
RENEWABLES.
WE HAVE NO WAY TO GENERATE THE
RENEWABLES TO POWER ALL THE
ELECTRIC CARS, OUR HOMES, OUR
INDUSTRIES.
WE NEED BASELINE POWER, ONE OF
THE CHEAPEST, BEST, CLEANEST
WAYS TO DO THAT IS THROUGH
NATURAL GAS.
BY UNLEASHING AN AMERICAN
INDUSTRY AS STEVE MORE
RECOMMENDS WE WILL PRODUCE
ENERGY, GET BACK UP TO
13 MILLION BARRELS A DAY, CLEAN
LNG TO HELP OUR PARTNERS AROUND
ALLIES HERE IN EUROPE THAT WILL
BENEFIT PRICES HERE AT HOME.
HE HAS A WAR ON ENERGY.
HE PROPOSED 145 BILLION DOLL
MARS NEW TAXES ON THE ENERGY
INDUSTRY.
HE SAYS HE WANTS TO PUT THEM OUT
OF BUSINESS.
THAT IS A LITTLE HARD TO HAVE
CERTAINTY WHEN YOU’RE FACING NO
APPROVALS FOR NEW PIPELINES, NO
REAL APPROVALS FOR LEASING ON
FEDERAL LANDS, NO ENCOURAGEMENT
FROM THE ADMINISTRATION.
JACKIE: YOU’RE ABSOLUTELY RIGHT.
STEVE MOORE, I WANT TO GIVE THE
FINAL WORD TO YOU BECAUSE IN THE
MONMOUTH UNIVERSITY POLL, 88% OF
PEOPLE SAID THE COUNTRY WAS
HEADED IN THE WRONG DIRECTION.
57% OF PEOPLE FELT HURT BY THE
POLICIES OF THE FEDERAL
GOVERNMENT, THAT THOSE POLICIES
HURT THEIR FAMILIES.
>> JACKIE, DID YOU SAY 88%?
JACKIE: YES.
>> I’VE BEEN IN THIS GAME A LONG
TIME SINCE THE EARLY ’80s,
I’VE NEVER SEEN NUMBERS THAT
BAD.
BY THE WAY THOSE ARE WORSE THAN
THE NUMBERS THAT JIMMY CARTER
FACED.
SO AMERICANS ARE FEELING THE
PAIN.
THERE IS NO SPINNING THIS RIGHT
NOW.
BIDEN NEEDS A RADICAL CHANGE IN
DIRECTION.
HE KEEPS DOUBLING DOWN ON THE
FAILED POLICIES.
AS LONG AS HE DOES THAT WE’RE
NOT GOING TO SEE IMPROVEMENT.
I AGREE WITH WHAT YOU STARTED
THE SEGMENT SAYING, JACKIE, AND
I’VE BEEN SAYING THIS FOR THE
LAST EIGHT WEEKS ON FOX BUSINESS
NEWS, WE ARE IN A RECESSION
RIGHT NOW AND WE’VE GOT TO GET
THIS ECONOMY MOVING BECAUSE I
HAVE LIVED THROUGH SEVEN
RECESSIONS, JACKIE.
THEY’RE REALLY PAINFUL.
JACKIE: GOD BLESS YOU.
I’M NOT ENJOYING IT AND I DON’T
THINK A LOT OF OTHER AMERICANS
ARE EITHER.
THEY WANT TO SEE AN END TO IT, A
REVERSION OF COURSE ON POLICY.