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tv   The Journal Editorial Report  FOXNEWSW  June 26, 2016 12:30pm-1:01pm PDT

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questions or property stories at i'm bob massi. i'll see you next week. [ woman vocalizing ] >> getting firefighters in the
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battle against the raging wildfire. that fire has burned more than 150 homes and claims two lives. the death toll could rise after authorities found what could be human remains in a mobile home that was incinerated by the inferno. overseas an isis strong hold is after a month long military operation and shielt militias supporting the iraqi military. officials say the challenge is removing bombs isis placed throughout the city hoping to slow down the iraqi advance. see you at the top of the hour. welcome to the journal editorial report. i'm paulit gigot. britain votedgi to leave the
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european union thursday plunging the uk and the rest of europe into political and economic turmo turmoil. the presumptive republican dom knee donald trump weighed inru the vote and said people may soon be coming to american shores. >> you're going to have in my opinion more than just what happened last night. you're going to have many other case where is they want to take the borders back. they want to take their monetary back. they want to take a lot of have a country again. i think you're going to have this happen moreo and more. i believe that. i think it's happening in the united states. it is happening h by the fact tt i have done so well in the polls. >> joining the panel this week columnist t journal" dan henninger, assistant editorial page editor james freeen maee nd a washington columnist kim strasel. dan you have been following the developments for a long time. what do you think it means for europe and the uk? >> let's start with a long time. it was years ago former defense
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secretary donald rumsfeld feld described western europe as old europe. you think of old buildings, countries run by bureaucracy. they have run into the cliffs of dover. are they goinghe to break up li italy, france and spain going to say if they can do it, we can. there is a restructuring that has to happen now. this is a vote of no confidence in the bureaucratic elites 40 years. ope for >> it will work for europe's benefit i if it is a wake up ca for them 20 do what dan says. more democratic accountability, economic reform. i'm worried in the short term about the british economy and the chance of recession. david cameron has said he'll step down. so sur moil within the tory party as well. >> problems in britain are short
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term. this is a huge advantage for their economy. why does europe not create facebook or google? because of the bureaucracy in br brussels. the uk, people willl still want to trade with them. they can look forward -- >> let me challenge you on that. you haveve frankfurt as a financial capital potentially maybe paris,l, too. they will compete for the business that now goes to london and b if the global banks don't have access to the e.u. couldn't they shift s business to the continent? >> i don't see it happening. london didn't become a great financial f center because of t e.u., it became that way because of how the brits ran it and built companies and had a lightly regulated environment. that will continue. all these bankers who were in the uk, jamie diamond, jpmorgan,
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other places saying they will start flying to brussels. let's cut a deal with the uk. don't make us tear up the architecture of the european business. i don't think that will happen. >> what do you think the implications are for american politics. you heard donald trump say he thinks there are implications and he's talking about it. there is no question that worry about immigration and the abilityy of e.u. passport holdes toof set until the uk was part the motivation for this vote. this is a s rebike to barack obama. also to hillary clinton who got on the same camp. donald trump had been promoting brexit. for those reasons you see him already again trying to transfer this back to the united states and the question of immigration
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and control. i think what he's trying to do is draw parallels to what was a populist movement in the uk. back here. that's where his base of supporters are. he's trying to suggest that a vote for him in the fall is about reasserting american independence and control over the future. >> do you think that parallel will work? >> it may be a little bit vague. britain's circumstances were specific. i think there is truth t to the idea that the support that donald trump has out there is in part motivated by people who feel the united states is no longer in control of its destiny and to reassert that. >> let me break into the reverie here. vladimir putin is happy about this. he thinks tuck divide europe he'll have less resistance. how concerned are you about
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that? d the defense budgets are low and the united d states. germany will play a central role. on the periphery where the threat is coming from vladimir putin you have the eastern european nations that have been in tension with western europe over the running of the evident what should the u.s. do. > on the defense thing long term this is good for europe. it moves the defense issue. strengthening nato under mining
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the e.u. is better for the security alliance. we'll see if optimism pays. when we come back, the presidential race the heating up at home with hillary clinton and donald trump attacking each other's personal and political ethics. are republicans getting the pivot they were hoping for? itep the pivot they were hoping for? you don't let anything keep you sidelined. that's why you drink ensure. with 9 grams of protein and 26 vitamins and minerals. for the strength and energy to get back to doing... ...what you love. ensure. always be you.
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shareholders were wiped out. contractors, many of them small businesses, took heavy losses. many went bust but donald trump, he came out fine. >> hillary clinton has perfected the politics of personal profit and even theft. she ran the state department like her own personal hedge fund doing favors for oppressive regimes and many others and really many, many others in exchange for cash. >> so, kim, you can see the campaign is off to a high-minded start. >> it will be a socrates seminar before it's over. >> this is part of a broader speech to suggest he would be a disaster running a u.s. economy. she's trying to tap in to the fears that many people have the anxieties they have at the moment about the economy and that's going to be her main
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pitch going forward. it is an aspect of the broader appeal. >> i think also that if you look at the head to heads on issues, trump's big advantage now, the economy. about ten points ahead. part of the advantage is people know he's a business success and say, you know, he can carry that over. she's trying to under mine the image add the aura and say it can't translate to good economic management. >> she's trying. that was a missed opportunity for her this week. there was really nothing new. the story of the casino bankruptcies in atlantic city has been well told. >> you know it and i know it. do the american people know it? >> there are a lot of miss in the trump business resumé. there are hits, too. the more -- we'll talk more about the business the clintons are doing. this is not a good contrast for them generally between his career in the private market and theirs which has been basically
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selling government influence. >> she's laying the ground work. there is a long way to go to november. she has huge ad buys in six states. it will sach late voters in the states with negative advertisers. trump will have to respond to that before he's defined in the states as unfit to be president. >> i think she's trying to under mine his argument for change. she knows she won't win the change argument but is trying to say you can't trust him, don't take the risk. that's why four years ago barack obama went after mitt romney and bane capital. maybe that's the script she's trying to replay. >> that's when i heard the speech. mitt romney was all through my mind. that's the additional thing she's going to try to do, too.
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this is heartless capitalism. even if donald trump were able to implement what he wanted to do this is not the kind of reform or change you want in the american economy. it will be one in which we have more income and equality. people out of work and the wealthier get wealthier. >> james, you are shaking your head. >> this won't be the romney campaign. mitt romney's bane capital was better by any metric. mitt romney was a better businessman than donald trump. unfortunately he was embarrassed about his wealth, romney. he was embarrassed about the business career and wouldn't defend it. i don't know why. trump doesn't have that problem. he'll defend it. he'll say there were failures. look at trump tower. people swear by these golf courses. he won't have a problem standing up for himself on the business case. >> donald trump's attacks on hillary clinton. what's he trying to do going after her political and personal evidents as well?
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>> he's defining her as the special interest. crony capitalism. the one thing he's showing is one thing republicans wanted for a long time. the candidate will take the bark off the opposition. going mano a mano with hillary clinton. it will be a fistfight. he's showing her you want to attack me, i will dump on you relentlessly. attack you as a corrupt person. there is a lot of suspicion in the country. >> what do you think? >> absolutely. it was also just interesting, too, the way trump delivered it. we are seeing the beginnings this week. we'll see if it lasts. the beginning -- >> you have to have the kav gnat. >> the beginnings of a real presidential campaign and that they are now fund-raising, putting together operations in the states. we've got a candidate who at least for the week since they
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had the campaign shake up is talking in measured tones, making points about the opposition and not going down rabbit holes on things to land him in trouble. >> donald trump has to make a positive case for the economy. what is he going to do to make it better? >> that's what we would have liked to see. there is no trump business deal. the dictator of kazakhstan. russia got a huge supply of uranium. >> all right. >> we went to kazakhstan. >> when we come back, once the champion of civil liberties is the political left now in the business of bullying americans out of free speech? the intimidation game is proved next. r people with heart failur, tomorrow is not a given. but entresto is a medicine that helps make more tomorrows possible. ♪ tomorrow, tomorrow...
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we're back with a wall street journal's potomac watch we're back with "the wall street journal's" potomac watch columnist, the author of the new book "intimidation game." so, kim, you cited some examples of how you think free speech is being under attack. give us a couple. >> so, the book goes through a number of examples where you are seeing the same thing happen again, this strategy, and the same tactics that are being used sometimes by the same people on the left to silence and intimidate their conservative opposition into getting out of the political debate. you saw it in the irs. you saw it up in wisconsin where prosecutor went after 30 conservative groups that had supported scott walker's government reforms. you've seen it against conservative donors. you've seen it in attacks by liberal activist groups against corporations and free market think tanks that want to be in
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politics. >> so how does it manifest itself? is this the use of prosecutorial power? is that what you're saying? i guess in the irs case, it was targeting tax exempt groups for additional scrutiny of their bona fides as a tax exempt group. but the democrats would say look, the irs also went after liberal think tanks and liberal non-profit groups, too, so it's not really partisan. >> yeah, no. part of this one tactic is indeed sicking a bureaucracy on your opponents and we've seen that manifest itself in many ways. the irs, one thing i'd like to think, this book really is an expose of what did happen at the irs and what is important is that what we know is that, in fact, this wasn't just a screw-up out in cincinnati by a few line agents, and liberal groups were not targeted. this was a concerted effort by a number of people for partisan and ideological reasons to keep a lot of conservative groups silenced during not just one, but two election cycles. >> lois lerner, who ran that tax
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exempt organization's operation at the irs, she did lose her job. but have there been any other consequences profession fally as a fallout from the irs case? >> there has been no accountability whatsoever. we now see moving a house committee move to sensor john koskanen. it has stone walled every probe and not entered any reform. in fact, some of the targeting is still going on. there are still groups who have not received their non-profit status. >> one of the things you talk about is campaign finance. limitations on campaign finance and disclosure or donations to candidates, especially independent political groups. what about people who argue, in fact, that money is not speech? and, in fact, because the wealthy can have an outsized influence on political campaigns, you basically need to limit their ability to have that
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influence? >> look, money is a proxy for speech. if i told anybody that they were going to run for president and they could only have $50 to do it, i think everyone would agree you'd have a bit of difficulty getting your message out. so the ability to spend money is a question of being able to effectively get out speech. you know, as for the question of these sort of limitations, you know, it's often that the little people who are hurt most when there are limitations on governments, on big spending, americans all through history have come together and pooled their money in order to magnify their voices, and sometimes that money does work its way into politics, but usually with the outcome of having more debate. >> you'd even go so far as to say you ought to be able to keep those donations private. you shouldn't have to disclose those if you don't want to. >> in some circumstances, yes. i think we as a nation need to rethink our disclosure regime, because what we're seeing, and is in this book is that there are people out there who are now using disclosure as a weapon.
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they use it to put together lists of new targets of people to go after. and we've got a situation where disclosure's been turned on its head. it's supposed to be allowing us to keep tabs of government officials, but look at hillary clinton and her server. that's clearly not working out very well. instead of being turned back on citizens. >> okay, thank you, kim. we have to take one more break. when we come back, hits and miss of the week. you're here to buy a car.
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what would help is simply being able to recognize a fair price. truecar has pricing data on every make and model, so all you have to do is search for the car you want, there it is. now you're an expert in less than a minute. this is truecar. time now for our hits and misses of the week. kim start us off. >> e time now for our hits and misses of the week. kim, start us off. >> everyone will remember in 2014, barack obama issued an order legalizing millions of illegal aliens authorizing work permits. this is another way of saying that he broke the law, as issued by our congress. this is a hit to the 26 states who sued them. the federal judge who issued an injunction against that and a deadlocked supreme court that upheld that injunction this week. the rule of law does matter. >> all right, james. >> paul, this is a big hit to
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vin scully, who is retiring this year after the greatest broadcasting career ever. but i think in his 67th year, he made his greatest call. here he is setting up a venezuelan player at the plate recently. >> socialism failing to work, as it always does. this time in venezuela. you talk about giving everybody something free and all of a sudden there's no food to eat. and who do you think is the richest person in venezuela? the daughter of hugo chavez. hello. anyway. 0-2. >> goodbye to vin scully. >> all right, dan. as a native of cleveland, i have to give a hit to the cleveland cavaliers for their historic come from behind victory over golden state, breaking a title curse going back 52 years. but i would like to tell my fellow clevelanders don't drink all the champagne yet. next month, they've got to host the republican national convention and donald trump and trump's left wing entourage.
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i think clinton will overcome this one, too, but i'll be watching. >> it will be a close call. remember, if you have your own hit or miss, tweet it to us. that's it for this week's show. thanks to my panel and all of you for watching. hope to see you right here next week. welcome to america's election headquarters. >> i'm arthel neville. topping news this hour, donald trump and hillary clinton going at it over brexit. hitting each other over how they responded to the vote. this as newly released polls show where the presumptive nominees stand with voters. >> and a grim announcement in california. officials there warn the death toll from the devastating wildfire could get even worse. we will have the latest. >> also, new financial fallout over the brexit vote. as we monitor the openi