tv The Journal Editorial Report FOX Business August 11, 2019 10:00am-11:01am EDT
thanks so much for watching "strange inheritance." and remember, you can't take it with you. ♪ ♪ ♪ >> in one voice our nation must condemn racism, bigotry and white supremacy. these sinister ideologies must be defeated. hate has no place in america. hatred warps the mind, ravages the heart and devours the soul. >> welcome to journal editorial report. i am david asman in this week for paul gigot. that, obvious, was president trump responding to last weekend's pair of mass shootings that left more than 30 people dead in el paso, texas, and dayton, ohio. those shootings spurring calls for gun control legislation and
expanded background checks as well as so-called red nag laws -- flag laws to keep guns out of the hands of the mentally ill. but the shootings have also renewed attacks over president trump's rhetoric with 2020 hopeful and former vice president joe biden accusing him of stoking hate with his words. listen. >> this president has fanned the flames of white supremacy in the this nation. he's poured fuel on the fire. we have a president with a fox fox -- toxic tongue who has publicly and unapologetically embraced the political strategy of hate, racism and division. david: let's bring in "wall street journal" columnist and deputy editorial page editor dan henninger and columnists kim strassel and bill mcgurn. dan, americans, folks in real america outside the beltway, what do you think their reaction is to politicians trying to score political points on the basis of these shootings?
>> well, i don't think they're shocked, david, but i certainly think they're depressed by it. it was extraordinary even to me, i'm in the business, i'm paid to watch these things, think about them, that after you had these or horrific shootings in el paso and dayton, the president gives a speech and instantly the political process turns into anti-trump sentiment. not merely by joe biden and cory booker, who are standing there literally making political appeals describing a causal relationship between the president's words and these shooters -- david: and sending out fundraising letters. >> in the media, the press as well directing all of its focus onto donald trump when you have, clearly, deep social and cultural problems involved in these shootings. this has happened before x. then the idea becomes that merely if we do gun legislation, registration laws, we've been here so many times, david. and and i do think the american people are getting disspiritted by the low quality of our
politics. david: and, kim, let's drill down on the whole issue of gun control laws, because there's gun control and the president's talking about more background checks, but then there's also gun confiscation. and we were hearing more about this from democrats, marley those running -- particularly those running for president. what are we going to end up with? >> well, look, it's been a revealing moment, david, in that i think there's long been a fear among firearms owners in the country that what democrats were really angling for was to take away guns, and now we have many in the democratic field saying that is, indeed, their goal. i mean, you had beto o'rourke come out and say, yes, he was open to the idea of mandatory con fission case -- confiscation, you have several candidates saying they want to ban, quote, assault weapons even though those guns are no different from any other semiautomatic that would remain on the streets. you have cory booker saying he wants mandatory federal licensing if you're to own a gun -- purchase a gun, rather,
which would involve fingerprinting and interviews. this is scary stuff for a lot of second amendment believers and beyond the pale. that's a political question. in terms of the reality of what we get, you know, we're talking about background checks now. that seems to be something people are settling on, although the reality is that even these expansive background checks wouldn't have stopped the latest shootings. david: yeah. bill, steve scalise, congressman steve scalise, he has a lot of credibility on the issue of gun violence after having been the victim of a horrible shooting himself. he spoke on the issues of exactly e what kim was talking about. let me just play that sound bite, get your reaction. >> in the end, all you end up doing is seeing more and more attempts to take away rights from law-abiding citizens. and keep in mind when nancy pelosi drew up the bill that she keeps talking about, that bill doesn't address any of these shootings. they want to take away people's guns. david: so when steve scalise, the victim of gun violence himself, talks about his fear of
the government taking away guns, that has a lot of credibility. >> yeah. i think kim's right, and i think steve scalise is right. look, there's a lot of people who just don't trust the american people. what we increasingly see -- david: don't trust american politicians. >> well, no, they don't trust the american people, and one of the things they don't trust them with is guns. we behave as though the gun-owning part of the population is this tiny fraction. i think it's about 43%. for many americans this is a normal part of everyday life, and they don't like the idea that if you own a gun or something, you're considered a white supremacist or a menace to your neighbors. i think that's not true. also i think more broadly speaking dan was saying people are cynical. is the idea really that the federal government is going to solve this problem? david: right. >> isn't it just the opposite? when we can talk about mental health, we've emasculated all local authorities whether it's the family, the school, the
local police department. the people who would know a troubled young man better than anyone -- david: great point. >> and so what do we do? we dump it on the cops or the federal government. david: and, dan, some things don't have political solutions or economic solutions. some things are social. if you look at social media, what that has done. we had a poll out a couple weeks ago, 30% of all millennials don't have any friends. they think they have thousands of friends on facebook, but it's an illusion. for the real psychotic among that group who live in the internet and then come out and try to play that out in reality, you have disasters like this. >> yes. and in the wake of the dayton shooting, there was a lot of reporting done about how when he was in high school, his classmates knew that he had problems, that he had these violent compulsions. it was made public. and recall, david, we went through the same thing with the parkland shooter. there was a lot known about him by the authorities, and they didn't act. for whatever reason, whether it is incompetence at the local
level, whether it's they're overwhelming by other activities and duty, the fact of the matter is simply throwing these laws out onto the table in no way guarantees that people are going to affirmatively act when they see an individual in deep trouble. david: and, kim, very quickly, these red flag laws, so-called, who defines what a red flag is? there are some people that are concerned that maybe some politicians will think wearing a maga flag -- hat or carrying a maga flag will qualify as a red flag. >> right. and that's why the number one duty of the federal government is going to look at this and potentially give grants to the states, it has to be to encourage these states that are approaching this to do laws with actual due process and penalties for anyone who bring false claims. david: all right, kim, dan, bill, thank you very much. well, more than a year ahead of the 2020 elections, gop house retirements are beginning to
mount with four in texas alone. so can democrats turn the lone star state blue? we're going to be asking a man we're going to be asking a man who knwhen you know what's behind you, ♪ beside you, and up ahead... you can keep your mind on bigger things. ♪ safety first. ♪ and second. ♪ and throughout the all-new ram 1500. motor trend's 2019 truck of the year. ♪ great riches will find you trwhen liberty mutual customizes your car insurance, so you only pay for what you need. wow. thanks, zoltar. how can i ever repay you? maybe you could free zoltar?
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vowing to go on offense. so do they have a chance to turn the lone star state blue in 2020? let's ask fox news contributor, "wall street journal" columnist karl rove. he served as a senior adviser to president george w. bush. good to see you, karl. so real clear politics had an article today, yes, the gop should worry about texas. are you worried about texas? >> yes, i am. i'm not as worried about 2020, but i'm worried about complacency that could lead texas to fall out of the republican column unless republicans get reactivated in texas. look, here's -- the article in the real clear politics is pretty darn good. if you take a look at it, john mccain carried the state in 2008. now, remember, that's the height of the financial crisis, and he carries the state by nearly 12 points. david: wow. >> in 2012 mitt romney gets defeated nationwide by barack obama in the re-election but carries the state by nearly 6. and in 2016 donald trump carries
the state by nine points. the republicans had better be careful because if we do better in 2008 than we did in 206, it says -- 2016, it says something about the state. the good news is republicans have gotten motivated. they lost nine seats in the statehouse, two seats in the state senate, two seats in the congress in 2018, and as a result, you're seeing them finally wake up, realize they've become complacent over the last decade, and as a result, there are gigantic e efforts underway aimed at voter registration and reinvigoration of the republican volunteer base. the good news is next year our state ticket will be bed -- will be led by senator john cornyn who's enormously respected. david: one change that article mentions is some things may be beyond the control of the party faithful. texas turning from a rural state into one that is more citified
than it used to be, certainly, and growing in that direction. cities have a tendency e to trend democratic. there's nothing you can really do about that is there? >> yeah, exactly. well, there are. but you're right, right now we have two things going on in texas, the cities are becoming more democrat, and rural and small town texas becoming more republican. the question is are the republicans going to go out there and register those people. we're a dynamic, growing state, we're going to double in population in the next 20 years, and are republicans going to engage in the grassroots activity of registering republicans? there are other a million people in texas today who are either known to be republicans at their previous address or whom a profile of those people shows they're absolutely certain to be republicans, and yet they're not registered to vote. if you look at the history of texas, republicans were still hunting us with dogs in 1978 when we elected our first republican governor in over 100
years. and the way that the republicans won that election and what they did every two years thereafter for the next 20-some-odd years was run massive, volunteer, get out the vote persuasion earths. once we got in the majority -- david: i thought you still hunted with dogs. that's news to me. >> i do. [laughter] i'm not hunted with dogs like when i moved to texas. i was the only republican political consultant in austin, texas, back then. it was awful lonely. david: i'll bet it was. let's bring it out to nation as a whole because i'm curious about the states donald trump turned red like pennsylvania, ohio, michigan. is there any chance that those are in danger of going blue? >> well, absolutely. pennsylvania, michigan and wisconsin, which he won by less than 1%. i think that's different than ohio. ohio seems to me to be trending more red, not more purple. but, absolutely, he's got to worry about wisconsin, michigan and pennsylvania. he's also got to worry about north carolina. and my sense is from talking to
people inside the trump cam ap pain they're concerned about -- campaign, or they're concerned about north carolina. they're reasonably comfortable, but they know they can't take anything for granted in texas -- excuse me, in florida. they're worried about iowa which was a state that he flipped from 2012 to 2016. and they, but they're, you know, they're looking for opportunities, new mexico, colorado, minnesota, new hampshire, nevada where they came in close. david: right. >> but, yeah, they've got every reason -- politics never stays static, and so they're smart to be concerned. david: karl, i don't want to let this segment go by without talking about the shootings, more of the to the shootings that we've seen this week. it's a week of mourning, and we've had some serious mourning going on, consoling. that's been good. but the unrest tented attacks -- unprecedented attacks on the president of the united states by the opposing party suggesting that he is directly responsible for these attacks, your thoughts on that. >> well, look, i was taken aback.
i mean, it seems the more struggling the democratic presidential candidate was, the more outrageous their words. but you used the word responsible. we heard that from cory booker. we heard that from pete buttigieg, from robert francis o'rourke, we heard it from bernie sanders and elizabeth warren. all using the word to basically accuse the president of being an accomplice in the murders in el paso and in dayton, ohio. and, you know, that is really over the top. i think the democrats have made a mistake because that's not going to get the swing voters who are up for grabs in this election to their side. but more important than that, it's poisoning our politics even more than it is. our politics is brokennen, and it does absolutely no good for people to go out there and say as robert francis o'rourke and others have done that the president a white supremacist or a racial bigot, that he's a racist and that he has a direct responsibility for the people who pulled the triggers in those two towns. would we say the same of bernie
sanders? after all, a supporter of his was the guy who shot, tried to kill the republican house and senate members at their baseball practice a couple years ago. david: well, of course, the ohio shooter was a leftist d. >> right, self-described leftist, absolutely. david: karl, thank you very much for joining us. have a great weekend. when we come back, targeting trump donors. congressman joaquin castro tweets out the names and employers of trump campaign contributors as hollywood elites get behind the boycott of another big donor and his fitness chain. ♪
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anybody -- i mean, being out as a contributor wasn't the problem, but tying me to that horrific tragedy in el paso was galling. it just made me sick to my some stomach. david: that was trump donor david hanrahan speaking out on fox after he was named by congressman joaquin castro on twitter. the brother of julian castro tweeting out a list of 44 trump donors saying their contributions are fueling a campaign of hate. we are back with dan henninger, kim strassel, bill mcgurn and allysia finley. good to see you all. bill, the public shaming of decent americans, there wasn't a person on that list according to the people i talked to who were on that list, who was a white supremacist, who was a racist, who isn't anything other than a decent american. it's happened before in america where we've had these -- the
mccarthy era, and it reached a breaking point, and mccarthy eventually was shamed himself. do you think we're close to that point? >> no, i think this is part of -- look, i mentioned before there's a marked contempt for a lot of ordinary americans who may disagree with the ruling elite and, therefore, they're regarded as haters. and in the list, i think, is part of this. but we saw it a couple years ago with mozilla, he contributed to the traditional marriage part of the proposition 8 campaign, and he was forced out of his job. so there's this name and shame, the idea to take a law that's meant to have accountability and weaponize it against ordinary citizens is just extraordinary. and remember, there's a famous supreme court case, 1950, naacp v. alabama, where the alabama, i believe, state's attorney general and other groups were trying to get the name of naacp
donors. and the naacp was worried that that would make them vulnerable. david: but, dan, beyond the legalities of all this, just the social consequence, i think, to the p.c. shamers is beginning to mount. i just wonder if it will mount to the point where it may shame the shamers themselves? >> i wouldn't go that far. [laughter] david: there's no shame. >> this is their primary tool. this is the tool of the left, david. intimidation always has been. moral intimidation. the left has always used that technique even, remember, during the cultural revolution in maoist china. you shame people. now they have instrument and weapon of social media to do it over and over again. using it against people like the texas contributors to donald trump. i agree with you that the left will not give it up, but i think the rest of the american people are becoming more and more upset of seeing this technique used against average people out there who are being pulled in like this fella was. it just rubs them the wrong way.
david: and there are real consequences to this. we had a person scheduled to be on a show i do on fox business on thursday who was all set to be -- he's one of the people on that list. he backed out because his family convinced him that it would be dangerous to him and the whole family if he appeared. i mean, these are real consequences that can lead to harm for the people being shamed. >> right. and a lot of the businesses in texas who are being boycotted, they employ a lot of hispanic workers. in california you had with proposition 8, the same-sex marriage referendum in 2008, you had gays who ran businesses, who were boycotted and had them not just shamed, but they were actually harassed and death threats against these people. the worry is that this will not chill speech and people will not donate because their names will be disclosed, and, you know, their economic security will
be -- david: kim, there's a big difference this time with what happened in the '50s with mccarthyism. the president himself has put himself in front of this story; that is, he says things that lot of people think but are afraid to say because they'd be accused of, they'd be shamed themselves. he actually goes out in front of the crowd and says these things. is that what makes this different and maybe will make the shamers retreat eventually from where they are? >> well, he's bringing attention to it. and this is important because, look, as a strategy, the left has been employing this now for quite some time, you know? bill mentioned what happened out in prop 8. there was also a searchable, walkable database that they compiled of everyone who donated in favor of traditional a marriage, and the people on that list faced some horrific consequences. the obama campaign did it back in 2012 against several businessmen who donated to mitt romney. but by bringing attention to it,
i think two things happen. one, people begin to fight back against it, and that's important. two, i think you're going to start having a debate in washington, d.c. about how you protect average americans who want to take part in the civic process. that might be by raising the contribution, the level at which you have to report contributions or other sort of legislation that provides people some peace of mind that they're not going to get harassed just from taking part in their constitutional right to be involved in debate. david: all right. still ahead, as trade tensions with beijing continue to escalate, is president xi jinping waiting trump out? and, hoping to negotiate with another white house occupant after the 2020 election? we're going to be asking one of the president's advisers on china coming next. ♪ ♪ ♪ ♪ ♪ ♪
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president xi jinping decide today gut it out and wait until 2020 in the hopes that he will be negotiating with somebody other than donald trump, somebody easier than donald trump to deal with, let's ask michael, the director for chinese strategy at the hudson it -- institute and author of 100-year marathon, chinese strategy to replace america as the global super power, michael, appreciate it. >> thank you, david. david: this this is the week whe markets begin to price in the possibility of no deal with china before the election, we saw it happen, we saw the tick on monday, the terrible drop when the reality of that scene settled in, is the market right no deal with china before the election? >> well, there's a good chance now of no deal, the president has been making the case that the chinese see the democrats as softer, much softer than he is on the china trade especially on
enforcement, and so i checked with the chinese myself, david, both their press and talking to chinese individuals who advise the government, they do believe that biden will win and got polls and their own assessment, interestingly enough to me back in 2016 they said trump will win, he will carry wisconsin, pennsylvania, and michigan and i said, no, that's not true, i'm sure hillary is going to win at some point in 2016 they were right, but this time they seem to believe that bide season going to win and that would explain the president's comments probably accurate. >> now could it also be, michael, that they are trying to make a trump reelection as difficult as possible, they know as well as everybody in the country knows that if there's a china deal the market wills go way up, the economy all around the world would have positive reverberation because of china deal, could they have been actively trying to prevent donald trump from reelection?
>> i don't think so. they've got their own fear of instability of their economy slowing down, of demonstrations breaking out, not just in hong kong but if this is spread to chinese mainland cities, they are looking at the survival of their regime so there's a pretty serious incentive for the chinese to make a deal. the president as you know has talked about there may not be talks in september after all, so he's a pretty tough customer in these negotiations. i noticed, david, in the chinese book's shop one time, art of the deal is not only translate intoed chinese but best seller. >> not surprised. >> master negotiators in xi jinping and donald trump, which one will outsmart the other is still open. my money is on donald trump because our economy is bigger, at least for the time being, they are closing in on us, you know, but xi jibbing ping -- jinping is no pussy cat.
>> he's not but he has so many problems, not only the economic problem which is dragging the economy down, also had the problem with hong kong, he has problem with his own military, the majority of them are business people in addition, of course, they have unfair advantage in business dealings but when the economy goes down, they get hit and they might be less likely to support him. >> well, the talks are secret and there's 150-page agreement and had strong enforcement provisions in which there could be suits in chinese courts, tariffs 3,-layer, appeals process, when the chinese studied more closely they saw how binding, we will do the best efforts, we will do the best we can, if they sign they would be punished if violated. president trump is the first president to put this type of enforcement regime in place, now there may be some way to have
some issues covered and have a phase 1 and then a phase 2, that could make everybody happy but the chinese have bolt since may first, that's the chance for progress play be. >> right, i was hearing from my own sources that, in fact, if president xi was the deal but it was the bureau that pushed back more than he did, is that true? >> no, i think it's -- we have a pretty good idea now that the full translation of a document had not been made until sometime in april and a couple of other players got involved who don't know english and ambassador in geneva who has flown back, trade expert and then the commerce minister himself went over the whole document and realized how binding this is and now they are trying to take it back and the president won't have any of it and immediately slapped tariffs
24 hours of their reneging. >> of course, they are waiting for political situation to change here should we expect any change in the political situation over there? as i mentioned, it's like those entertainers that used to balance plates on skates. >> very good. >> i'm wondering if they're all going to start falling down. >> well, i think you're correct that there's a debate going on, political debate going on both in beijing and washington, the chinese like the play up splits in the white house, you always talk about navarro who they say is crazy and lighthizer is really too tough and they have their softer americans, we have a view of -- i personally have a view of the chinese political system as also having hawks and doves, so the two debates are interacting with each other, i'm still mildly optimistic, i like the president's way of saying let's wait and see, but he's put pressure on the chinese in a variety of ways, he's also shown them how it can be finally
calling the hong kong demonstrations a riot which is one of the issues that the students are demonstrating against, they want word riot removed. he's showing xi that he can be friendly too. >> thank you very much for being here was, still ahead, the fallout here at home from the china trade showdown is the uncertainty starting to drag down the u.s. economy and will the president pay a political price in 2020 with the farmers who helped him get (vo) the hamsters, run hopelessly in their cage. content on their endless quest, to nowhere. but perhaps this year, a more exhilarating endeavor awaits. defy the laws of human nature,at the summer of audi sales event. get exceptional offers now. hey, who are you? oh, hey jeff, i'm a car thief...
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somebody had to do this with china because they were taking hundreds of billions of dollars out of the united states and somebody had to make a stance, i think our country is doing really well. david: president trump this week dismissing chancer the china showdown is starting to take an economic poll, tax reform and deregulation and could it hurt him with the farmers who helped him get elected, we are back with dan henninger, skim -- kim strassel and mary o'grady, mary, i spoke with the farmers and they don't want to be on welfare forever, they are getting payments because of the tariffs, the china tariffs, it's going to
be dollar for dollar and getting money from the tariffs, that's $60 billion over a year but they don't want to be on welfare forever and their support is wearing thin. >> let's remember in 2017 china bought $19.5 billion worth of farm exports from the u.s., in 2018 it was 9.1 billion and now just this week china says we are not buying any more farm goods from the united states, so, yeah, wear us in and if you put that together with the fact that they've had bad weather conditions in the midwest, farmers are starting to hurt and, you know, donald trump is charging the american taxpayer to pay the tariffs, he's giving it to the farmer, that's not a -- something that can go on forever. >> is there anything other than the china deal that could boost the economy right now and get it going, i mean, there's the
usmca. >> trade can certainly do it especially in a world sluggish right now, i think even a nominal deal even on china would give people confidence, what do the markets hate most, uncertainty. if you're a farmer you can't plan for next year and you don't know what's going on. it's the big question overhanging the administration, these trade deals, right, is the president -- is one going to get through, for example, is the deal with méxico actually going to get through congress. >> what do you think? >> something he's going to win about especially on trade, so it looks pretty doubtful to me. david then you have, europe, dan, they think negative interest rates which is a bizarre concept is going to get them out of all the trouble they're in where they're not dealing with lowering high-tax rates, decreasing their regulations which are -- make
ours even before donald trump look good, so what are we going to do about europe? >> well, i don't know what we will do about europe, they have to help themselves but the fact is that they are part of the global economy, i mean, the president sometimes conveys idea that trade is not important, trade is essential for the growth of these nations and europe and just this week it was reported that the united kingdom's economy contracted in the second quarter for the first time since 2012, it was a surprising number, not expected, meanwhile germany is slowing down, france and italy as well, yes, they should be doing labor reforms inside the economies but president trump has targeted germany with possible tariffs on their autos as well and this is coming contractionary effect and, yeah, it's a long way to the election in november 2020, but if something else doesn't go onto lift the global economy and if trade suppresses it, the president could be in a
politically tough spot by that time. david: kim, on the other hand, the president is right, jobs in the united states are through the roof, we've never had a better job situation in my lifetime in the united states and that's led to higher wages as well because the job market tightness it gives more leverage to wage earners to boost up wages, there was an article in market watch on friday of this week that suggested that the president could give up as much as 3,000 points on the dow before the democrats could really use the economy and the markets against him in the political campaign, do you agree? >> well, look, yeah, the fundamentals remain very strong and i think that's why you also see this amazing resilience in the stock market. >> yeah. >> right? >> there's a lot of people throughout that continue to say, we are only one clothing bell away from a disaster that assets are overpriced and we are waiting for big fall but i think
what you see is markets increasingly and traders have been reassured by some of these fundamentals, and so they might get knocked around for some of the comments that come out, the latest news on the trade deal but they seem to get their footing again, i think the worry rather is that you've got -- is the bigger question of business investment and slowing there and this uncertainty that bill mentioned, is what could come in the future if they do not have some reason to be able to believe that there's continued good times and continued possibility or that trade is really going to knock them sideways. >> well, we are hearing bill, some discussions in the part of some investment banks that we could have a recession before the election, do you think that's possible? >> well, i think, look, anything is possible, some people are rooting for a recession and there's a lot of talk about recession and then we -- we get some better numbers, i think
going back to the main part, trade is a big part of what drives the american economy, a lot of our suppliers, people in the united states, even small concerns depend on trade and especially depend on trade for their growth because -- i'm not sure the average american realizes how much of our agriculture goes overseas, you're mentioning iowa, i saw a farmer interview who said one out of every four pigs goes overseas. >> right. >> i think he was saying to china, and so these are really important for the very businesses that donald trump wants to protect. >> by the way, a lot of democrats who went there that are vegetarians to try to get the vote of iowa pig farm. >> they are not eating the barbecue. >> when we come back 2020 democrats step up war on fossil fuels with joe biden now joining the ranks of bernie sanders and calling for a total ban, but will the issue backfire with voters in some key states?
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♪ ♪ >> any place for fossil fuels including coal and fracking in a bind administration? >> no, we would work it out and eliminated and no more subsidies for either one of those, either any fossil fuel. >> wow, 2020 presidential hopeful joe biden taking hard left turn on energy policies saying there would be no place for fossil fuels in his manage, the former vice president joining the ranks of bernie sanders with his call for a fossil-fuel ban, so will the hard line hurt him in his home state of pennsylvania and other places where coal is still king, we are back with dan henninger,
kim strassel, alicia finley and mary o'brady. the last democrat to lose to donald trump had words of advice about the next democrat who challenges him on coal, right? >> yeah, there's only one democrat who has lost to donald trump, hillary clinton, and in march of 2016 she went to a town hall and she bragged that she was going to put a lot of coal companies and coal miners out of work and then in her book that she wrote after her loss she said that that was one of her biggest regrets because, i mean, essentially she managed to alienate millions of workers and people who depend on fossil fuel industries who just didn't feel that they could trust, retain their jobs in a clinton administration. so basically every candidate this time in the democratic field promising to go well beyond even that, eliminate fossil fuel jobs altogether, bye, bye oil-working jobs, bye,
bye transport jobs, bye, bye alaska, bye, bye, everything. this is not going to sit well with rural white-working class, even minority-working class people that work in those jobs. >> dan, there's a cost to all of this, it's not like it hasn't been tried before, president obama had many plans to -- to change -- switch over from fossil fuels to -- to various renewables and, of course, we saw a whole lot of disasters result from that. spain tried to do it, they had a terrible time and had to abandon program because it didn't work economically, they are recommending to switch over to something that hasn't been proved to work. >> that's right, it's like medicare for all, how would you make the transfer from private insurance held by 150 million to a medicare for all program, what happens in between? same thing with this idea of eliminating fossil fuels, as kim was just describing, there are tens of thousands, hundreds of thousands of americans working
in energy-related industries and they are setting -- sitting there wondering where is my job going to be as we transfer out there in 2050 to solar and wind, their job will probably be under water. this thing that biden said, democratic debates, it's so really, that is going to come back to haunt him for sure. absolutely hammered him with that statement and be assured he will flip-flop back but there's no way he will for be able to take that back. >> forget about jobs but what about the renewable energies which sounds wonderful is only a tinny fraction of the energy we produce today. >> and part of what's happening today by the way in the economy, the boom that we have is because of the fossil fuel boom, right? >> yeah, but we need today power all of our industries, that's any point and and in order to create fossil -- renewable energies we also need things like steel, aluminum, plastic,
those big wind turbines, they are not going to be put up with wood. >> that's right. >> the idea that in 12 areas if we don't get rid of fossil fuels we are all going to die, i think is preposterous and really damaging to the economy. and alyssia, then we have the ulterior motive that some of the green plans have underneath them and in some cases maybe the motivating factors like aoc's green new deal, i mean, they -- they have an ulterior motive of removing capitalism, you look at proposal that is have nothing to do with energy per se but have to do with an economic revision in into a socialist economic. >> right, they are trying to impose more government control over the private economy and then use as basis of more income distribution. california is a classic case of cap and trade where you basically done refiners and manufacturers and redistribute
those profits to renewable companies, they also as you mentioned the green new deal jobs guarantied because they know they will put hundreds of thousands of people and business out of work, that is just another mechanism to expand the -- expand the states. david: kim, is there no middle ground on energy now in the democratic party? >> none whatsoever, think about how quickly that has happened, david, you know, even a couple of years ago barack obama recently barack obama bragging about how the oil production numbers went up under his tenure and people said that natural gas was our bridge fuel to the future and those who said that we should keep energy in the ground were willing radical fringe of the democratic party, they are now the mainstream, this is the position of all candidates. david: all right, we have to take one more break, when we come back hits and misses of the
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this is bordering on harassment, the democrats cannot get over the fact that they lost the kavanaugh battle. they are continuing to look for anything that might discredit him or even give grounds for impeachment, i remember lindsey graham warning that this is what democrats would do if they got power taken for word they're abuse it. david: bill. >> miss checking the site, white polar bear apologizes for being white. another story had aoc losing on the price is right because every time she was asked to guess the price of something she said free, this is the kind of thing that is fact checking and miss, sense of humor and sense of proportion. >> the onion is fine but conservative is not.
>> noise new york city bill de blasio who has offense public drinking, the result of this where the so-called subway surfer who has been wreaking havoc across the country pulling emergency brakes for the 18th, allowed to walk after each one of these. >> i'm giving hit to andrew yang, running for the democratic nomination, ninth person to qualify for democrats criteria for participating in the debate and i'm giving a hit to him not so much because of ideas but because he's the last representative of the private economy running for presidential nomination. good luck for for andrew as long as it that's. >> thanks to all of my panel and thank you for watching, you can catch me on bulls and bears on
the fox business network, 5:00 p.m. eastern time, monday through friday, paul is back next week, we hope to see you night. maria bartiromo's wall street is next. maria: happy weekend everyone. welcome to the program that analyzes the week that was an helps position you for the week ahead. i am maria bartiromo. what a week it was!in a few moments, former federal reserve chairman allen greenspan is my special guest this weekend. we're going to talk about the economy and this week that was wild in terms of the stock market. also ahead, we will talk with not one but two golf superstars this weekend. brooks kept a and rory mcllroy, coming up right here. but first the dow halting is losing