tv The Journal Editorial Report FOX News December 29, 2018 12:00pm-1:00pm PST
you think where the big hits and accomplishments for donald trump this second year. i think the biggest one would have been getting brett cavanaugh confirmed. including clarence thomas. the president stuck with them through the end. i think it has to be the highlight of this year. the first year since 2005 we would be above 3% gdp growth. i think he has a lot less
control over. he gets a lot of credit for the strong economy. he is in a take the foot off that neck of the businessman. he has damaged himself quite a bit from his trade agenda. and i think that has caused a lot more uncertainty in the economy. and they have thrown down those in the second half. that can take a while to heal. what about the setbacks. you get the downside.
i think the trade war would be the chief among them. the recent decision. i think that has to be counted among the top setbacks of the year. how little they really accomplished in the last chance. you fought for very hard as i recall. the cost was not a lot of domestic spending. >> they did, but it is a two gear pump. will end up being pretty
modest. is there any downside that you see here. or upside. we are living one of the downsides right now. the failure to get an immigration deal earlier this year the potential is just right there. good democrats that wanted a deal for the dreamers of the president that wanted more border security he just in a push a very hard and now here we are at the end of the year dealing with us enough over $5 billion they can use the immigration issue in the campaign and the election. they ended up losing 40 seats.
it was a bad a call. that issue did resonate with some voters. so mary, have we reached it. maybe is it the conservative high water policy mark the president might want to reach out. they want to get things done. they do have some common interests. i think one of the worried things was on trade. what if the president decides to move closer and they try to
satisfy the democrats again. it may help to get things done. i think one thing we should site on the upside is that people talk all the time about the swamp in washington, it includes the bureaucracies. for the past year a lot of president trumps appointees across had continued to enact dig deregulation activities some which had progress. and some of they had accomplished. they removed religious institutions. they made possible associated healthcare plans. it's a very big deal. groups getting together like that. they had limited the stage browed -- browse habitat. and they had rationalized the clean water act. it was really going to impose
the clean waters act on a lot of the small bodies of water. that has been eliminated. this could work continues to go on by the presidents appointees. and i would also add the education secretary as basically withdrawn the guidance that allowed these kangaroo courts with the sexual assault accusations to take that take place on college campuses. one thing we have learned from betsy devos is how much of the education department was operating under guidance. let alone a statutory authority. she repealed that guidance. also in may repeal may repealed a guidance on school discipline that also was having a destructive consequences in making schools to focus more on political goals and discipline that actually works to change behavior. i think we are also seeing the repeal of those a guidances and those kind of sub regulatory advice pieces that get taken off the books as well. >> that really comes under the
every service member throughout this region for the near elimination two years ago when i became president there was a very dominant group they were very dominant today they are not so dominant anymore. they are addressing u.s. troops. they touting the administration against isis during his first two years in office. in the face of widespread criticism the surprise decision to withdraw forces from syria. they were contributors to the wall street journal.
they will rebuild and they will actually have the capacity to retake territory again given this vacuum that exists. i ran it clearly well own all of syria now. they will have achieved a major strategic victory been able to establish through syria. something they had been after for over 35 years and now they've got it. what does the president president need to do here to essentially do damage control the message of the adversaries that they might take from this decision is one of retreat and weakness. and they might try to exploit that. how does the president counterbalance that. it's really unfortunate there are some things that can be done here clearly. the administration was stitching together.
we have got to get back to doing that work. it is critical work. the major threat in the middle east is not radical islam. the major geopolitical issue is the significant strategic goals. and we have got to get back to the business of doing that. do you think the president was right this week to keep them in iraq pulling out of syria but at least see that i seem i hope that the syria decision gives us get somewhat revisited. i don't think they will reverse the decision by do think we can face the withdrawal and we have some good reason to say longer.
they had anted up the money. if are gonna do the reconstruction and build the schools in the bridges in the electric power plants. we have to do that in the secure environment. we can keep this force is there a little bit longer than to see that through. and i would add to the stability of the region. let's turn to the far east and asia and north korea in particular. i dialogue now with the north korean regime. now we have made a lot of progress since that summit in singapore. what is the challenge ahead for the president on north korea. we are clearly still made it here. there has been some progress there. in the sense that they are talking and reconnecting families. they have routine returned some remains -- remains.
they have not given us a list. with the nuclear weapons and ballistic officials. there is not been one single weapon disarmed or destroyed. on the core issue. the only thing we have to do here. missiles are not flying over japan. there is no sense of crisis. we've got to double down on these sanctions and police it up. i would bring in some military capacity to the region. to let them know that this is not gone away and we are serious about it. in the end does do they face the relatively early decision here.
this process has got to stop. it's clearly coming and the in the next four to six months. if they don't produce an inventory list. and they will be independent inspectors. none of that materializes. it will tell us for sure they have just been gaming us as they have done with previous demonstrations.
are we seeing the more isolationist version of the donald trump foreign-policy clearly the number one isolationist as senator rand paul. and he supports this decision wholeheartedly. he thinks is the best decision in this generation. i don't see how the united states can pull back from this global responsibility to beads -- to be the world's leader to stitch back the alliances that we need to have. the only thing. no one else is gonna do that. and to suggest that we are disputed disengage. that's what got us into all of this trouble that we betting for 70 years. so many years. i'm hoping that's not the case.
will watch that very closely. a look back at the tenure with the successes and failures. uh 'o delivers the news around here. ♪ liberty mutual has just announced that they can customize your car insurance so that you only pay for what you need. this is phoebe buckley, on location. uh... thanks, phoebe. ♪ only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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have made a great and lasting difference in the trajectory of this country. we began a historic rebuilding of our military. the regulatory reform. the long sought expansion. to be all it by the new energy dominance after years of doubt years of the cynics say it cannot be done we achieved the first major overhaul of our tax code in 31 years. >> that was outgoing speaker paul ryan. he is retiring after 20 years in congress the last three as speaker of the house. our panel is back with a look at the legacy mysteries of the hundred 16th congress. let me ask you. mitch mcconnell said that this is the best congress for conservative reform in his lifetime do you agree with that? >> i do agree with that. even though there were disappointments along the way.
and the failure to repeal obama care. i think it really is his top legacy that is what he wanted to accomplish. that's why he came to town and wanted to run ways and means. and the tax reform really will make the code more competitive so i think that has to be considered pretty much the highlight of congress so that there are several others that don't get as much attention like scaling back the dodd frank regulations. the recent criminal justice reform package. in the senate the judiciary revamp. i think there is a lot two-point to on conservative accomplishments. to. >> county to make county see this congress? >> i absolutely agree with mitch mcconnell and all of the things that kate just mentioned. and the speaker touched on it briefly don't forget congress'
role which was monumentally important in rolling back a number of those big last-minute obama regulations. and there to affirm that was that congressional review act. he have never really been used before. they've used it more than a dozen times. but to the extent that they are actually smaller. the list of pages of regulations congress have a huge part in that as well. and to me that has probably been as a single ineffective aspect of this economic revival that we are seen as a tax reform. >> i guess dan, the big threat here is healthcare. failing to repeal and replace obama care that they did not get the mandate. as compared to the big things. not that large. and the failure on the title form. the historic chance to do something about medicaid. and reduce the cost going forward. in the field. in their entitlement reform.
he is obsessed with trade deficit. we have big spending deficit here in the united states. and entitlements are the region. and not doing a deal on immigration both of those issues it hurt a lot of republicans. i should just want to say very quickly the biggest in 31 years. those are such a heavy lift. and the result that we have seen and the uplift and the in the american economy. it just has to be a stellar part of that legacy. they will want to raise the
rates. it has obviously affected business investment. i think paul ryan was the right person at the right time because he is very wonky so he knows all the stuff inside and out but the other day they had open speech. with the 100 15th congress. and it was remarkable how conciliatory he was. i think he have a real sore of skill in hurting these cats. and i think he gets a lot of the credit for having gotten that. i think many of president trump's most important accomplishments tax reform, deregulation and judges.
with the conservative and republican agenda. when you look at the things that were supposed to be the populace agenda, trade and immigration restriction is him. in. those are either failures so far or at best they are a work in progress. trump is going to miss paul ryan a lot. when they have to had to face nancy pelosi across the table. a binder of ideas that it was recently detailed. course he corsi did not accomplish everything. i think he would've liked to do more to promote work more than they do now. you look at a lot of it. and you see that he really was able to accomplish a lot of that. as outdated or possible to
pass. it just is fantasy. and now we see a lot of it as law. >> what about the criticism of paul ryan from the left. that he wasn't critical enough of donald trump on a matter in a matter of personal behavior and statements. is that a fair rap wrapped in your opinion. >> is not fair. whether they agree on everything they belong to the same party. one of the jobs. was not necessarily going to do it. paul ryan by the way he did call out the president especially on things that he thought were very serious in which the president was going in the wrong direction on issues of trade in foreign policy so he marked out some places where he have into your point there were more of the
conservative mold. it wasn't as if you saw the congress passing a lot of populace trump agenda. there is more still head. wall street's wild ride. it is the market volatility on the warning of what's to come in 2019. py holidays" to money well spent. if additional offers are what you desire, . . and to all a good night. see your john deere dealer today to discover more great deals and special financing offers. new year, new deere. - [voiceover] this is an urgent message from the international fellowship of christians and jews. there is an emergency food crisis for elderly holocaust survivors in the former soviet union.
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to show signs of strength in 2018 with gdp growth to top 3% for the year. amid stock market volatility and continuing concerns over trade war with china, what should we expect in the new year? senior economic adviser to 2016 trump campaign and coauthor of new book, trump anoymous. steve, let's look at the stock market, ups and downs, sometimes in the same day, what do you make of it? >> well, i think that it's result, paul, one is the trade war with china and very uncertain future. i think at this point 60 days or so to come up with some concessions. i think trump is fighting the right fight. china increasingly a big problem in international economic scene and we have involved in abusive relationship. one thing that investors haven't
been taking total account of is if trump could pull something off in 2018, 2019 where they get trade deal that could lower tariffs, i think you see boom in the stock markets. the other factor, of course, is the fed, i think the fed has made two big errors in terms of raising interest rates where we have basically, full employment, no inflation, wage gains, everything was going great with the economy, why did the fed have to mess this up? paul: let me interrupt here. >> okay. paul: the president isn't helping, even if he's right on the federal reserve with criticism which you clearly think he is, is he helping investors and confidence by bashing the chairman of the fed jay powell in personal terms? >> well, it doesn't have to be personal but i think he's absolutely right to say that progrowth tax reform, progrowth regulation, we have the economy
in healthy shape as we've had in 20 years and the fed comes with rate increases in my opinion caused deflation and when you ask me whether the problem is 2019, i'm worried about the inflationary effects. i think the president is absolutely -- it's proper for him to say, why is the fed doing this, whether he could fire the fed chairman, that's been taken off the table but i think the fed really should be reversing some of these policy mistakes. paul: when you talk about -- i regret my decision to hire powell, do so in public fashion. they did it by bringing in oval office and having dinner and doing it behind the scenes. in some ways, you may disagree and if you do please say so, not
to raise rates. >> well, if you're right about that and you may be, how responsible that would wreck economy -- paul: i don't think they are trying to wreck the economy, steve. >> i don't think there's any case for rate increase. it was a major mistake. look, as i said, show me where the inflation is in the economy. you and i i think both believe the major role of the fed is to keep prices stable. paul: right. >> they haven't done that. if you look -- of the 34 major commodities, 27 falling in place, look at oil, look at copper, soybeans, look at wheat, steel, look at lead, you and i know falling prices can be as big of a problem when we have big inflation in 1970's? >> some of it is slowing global demand. >> i don't know about that.
paul: there's no question that the global economy is slowing. i want to ask you how strong is the u.s. economy right now, the mesh economy -- american economy because we will have 3% growth, first time since 2005, but if you look at first quarter seems to be decelerating. >> first of all, let's celebrate 2018 economy, 2018, the year of the worker. investors did poorly but boy did workers do better. best job market best in 50 years for workers. the lowest unemployment rates for blacks, hispanics and something like 50 years, we have wage gains that we have been looking for, that's one of the problems with the fed and why trump is frustrated. we finally got wage gain and fed wants to pull those back. for workers it's been a good year. for 2019 it depends on whether trump can pull out trade deal
with china. i think that has the biggest impact by far in terms of where the economy is headed. paul: have you talked to sources in the white house and the president decided he wants a deal? >> he's confident. i did talk to the president a couple of weeks ago, he seemed confident that china was going to come to the table. who knows what beijing is going to do with that regime. they have been hurt by those tariffs. trump released leverage. he believes that the leverage that he's gaining from these tariffs, look, i'm a free-trade guy, he believes this is going to bring china to the table and get a call from president xi probably sometime when we get near the deadline and xi says let's make a deal. that would be the best for the united states, for china and the rest of the world economy. paul: all right, but sounds if that call doesn't come or can't get a deal, we could have a -- >> i think so.
paul: fair to say? >> i think so. i don't see trump backing off 25% tariffs that he's threatened? paul: right. >> that would cause global trade war. the stakes -- i'm not discounting, the stakes are really high here. paul: thanks a lot, steve. special counsel any closer to proving collusion between the trump campaign and russia and with democrats set to take control of the house, are congressional investigations about to heat up? capital one cafes. inviting places with people here to help you, not sell you. and savings and checking accounts with no fees or minimums. because that's how it should be. you can open one from right here or anywhere in 5 minutes. seriously, 5 minutes... this is banking reimagined. what's in your wallet?
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♪ ♪ ♪ paul: it's the story president trump throughout office, charges of collusion, charges of collusion with the russians. probe set to continue in new year, what have we learned so far about the trump-russia connection? back with dan henninger, kim strassel,mary anastasi o'grady. have we learned any factual basis to prove or disprove that allegation? >> absolutely nothing. at least nothing that has been made public by the special counsel's office, we've learned
that there were some russian efforts to try to influence the election, there's been indictments against russian individuals, troll farms, people who did very minor efforts playing with social media but to the core question of whether or not the trump campaign was in any way communicating with the russians in an active effort to try to swing the election one way or another, there still remains no public evidence of that. paul: mary, anything to add on that, we have the trump tower meeting famously with don, jr. and kushner and the russians, we have the steel' dossier. >> donald trump had interest in russia prior to becoming candidate and during candidacy there were conversations between people who represented him and the russian government, you have donald trump getting elected and he almost has this kind of
knee-jerk need to show that nobody can push him around, my friend vladimir putin and so forth, trying to show kind of a commodore with vladimir putin. that hasn't helped him. in terms of actual evidence, i agree with kim, but i also think that he could have done more to draw a very straight line in the sand to show that he is not in any way aligned with -- paul: those things did happen, they exist, the steel dossier exists, they haven't gone anywhere. >> that's right. >> we should add as footnote, the trump administration, especially treasury department has continued to impose significant economic sanctions against russians and cronies around vladimir putin which is driving russians crazy.
those sanctions are biting. paul: we did have a couple of big convictions, paul manafort, former campaign manager for the president, michael cohen, former lawyer in private life and he's been -- pled guilty and implication from the new york attorney's office, u.s. attorney in new york is that trump, donald trump was aware of those campaign finance payments, they called them, and maybe campaign finance violation by the president. what else have we learned? >> well, paul, not much, what you're describing is that we basically learned that donald trump associated with some very unsavorily characters who were engaged in potentially illegally activity not related to campaign but none of that was described with what kim saying whether trump was working with russia to influence election. i don't think that reflects well on -- i don't think what we know
reflects well as mary said on donald trump's judgment and who he negotiated himself with in the campaign. but that's a far cry from what's being presented as collusion. paul: kim, let's take a look at the other side of this, what we learned about what the fbi was doing in 2016 campaign, investigating officials associated with the trump campaign, in many ways, those were some of the biggest revelations of the year. >> yeah, we were talking earlier about congress' accomplishments. i should say this is one of the huge ones, house and senate, devin nunes and the work they did to uncover what the fbi was doing in 2016 and what we now know the clinton campaign and democratic national committee through a law firm retained services with opposition research firm which was behind the steele dossier and used in
large part to spy, surveil and open counter intelligence into the rival campaign, that statement should be shocking to every american. paul: well, where does it go? where do those facts go? are there going to be any political or legal implications for anybody at the fbi? >> well, look, i think we are going to have to wait until there's actually some final announcements, that's dependent on final information. that's dependent on donald trump declassifying some of the information. i think the question too of whether leadership at the department of justice is willing to do thorough internal investigation and also be transparent with the public, we've gotten inspector general who is doing some work. at that point the question then becomes what crimes were committed, were there crimes committed, the biggest ones seem to be leaking, that's a felony f there are people caught to have been doing that, other than that
holding public officials accountable for their action and for that we first need to know what they did in entirety. paul: dan, we don't have a lot of time, 30 seconds or so, what's the biggest risk in 2019 from the mueller probe, he will have to report to the justice department, certainly leak, is it that congress will use to impeach him? >> certainly congress will use to impeach him but the biggest risk is that mueller does come up with a legal charge against him and i just hope, paul, robert mueller, i still kind of feel understands that a lot of american institutions have been damaged here including the fbi and what we want from mueller a full and fair accounting of what has happened, what are the results of the investigation rather than overreach to go come up with a secondary legal charge against the president of the united states. paul: all right, dan, i hope you're right, when we come back hits and misses of the year.
lousiest ideas for democrats, ever, i know she's a bit young but she might remember a decade ago this was also barack obama's climate change ambition, ran bill that played no small role in democrats losing the house the next year, that's because americans have no interest in a climate change plan like this is going to add trillions to the economy, hurt economic growth and make no measurable difference to climate change out there. nancy pelosi better think real hard if she wants this agenda to be the face of her democratic party. paul: mary. >> this is a miss for economic and political disaster of the year, no it's not connecticut. [laughter] >> that came in close second, venezuela, 2.5 to 5 million people have fled the country. the imf expects another 1 million to leave this year, hyperinflation might reach 1%, the regular blackouts, no
running water, supplies, things like blood pressure medicine and cancer drugs are impossible for average people and the average venezuelan has lost 20 pounds, how can you mess up a country that's so prosperous so badly? paul: and the answer is socialism. >> thank you. paul: kate. >> paul, mine is actually -- the trump administration's worst policy move this year, hhs rule that would basically look at tettering what we way, paul, what that tells investors who are trying to bankroll the next cure for disease, price controls are coming, if you're looking for cure for alzheimer's, that's really going to change your behavior. i hope the trump administration backs off that route in the new year. paul: dan. >> paul, my miss goes to the internet, while we know the internet is a wonderful tool,
this year we recognize it comes with sharp and dangerous edge, mark zuckerberg call today -- called to committee. not letting children use devices and tablets that they have created because they think it's hurting their kids and finally stories about hacking, especially chinese hacking into america's institutions. i think seeing that the internet has a dark side, no answer to it yet but that has got to be the beginning of wisdom. paul: i will add my miss, shootings at parkland and high school there and the synagogue in pittsburgh not only murderist evil but end up leading to bad laws, regulate guns for law abiding, we have to take one more break, when we come back s hits for the
paul: time for hits of the year, kim, start us off. >> so my hit of the year is on the news that the u.s. this year became a net exporter of petroleum products for the first time in decades and, again, take you back a decade ago everyone, the doomer and gloomers, even president bush saying alternative fuel heading toward
energy independ anticipates thanks to technological revolution that includes horizontal drilling and fracking, we are experiencing shell revolution, u.s. -- this is great for the economy, it's great for our ability to affect foreign events and our relationship with opec countries, this is just a win all around for the united states and it just keeps improving. paul: do i remember the woodchip economy, whatever to ha? >> supreme court justice brett kavanaugh for toughing it out despite humility and treatment that he got from democrats during confirmation process. now, this is an important necessarily because justice kavanaugh is so essential to the court but if a smear campaign was able to defeat justice, a nominee, it would destroy the process, destroy the institution demand that sense justice kavanaugh saved the court. paul: thank you, mary, kate.
>> paul, i would like to give hit to researches that won nobel prize for immuno therapy, unleashing immuno therapy to fight cancer, fda has been nothing short of revolutionary in fighting cancer, we have used chemotherapy which is highly toxic. i just think that all the bad news of 2018, the human progress we are making on things like cancer is incredible. paul: as long as we don't impose price controls in 2019. >> that's right. [laughter] paul: dan. >> the supreme court is back for my hit, this is for specific case, the janice decision in june that said public employees cannot be coerce today -- coerced to make contributions. thomas jefferson himself said it was wrong to force people to pay to support political activity they don't believe in, bringing
up to date, i would like to make shout-out for former illinois governor, bruce, name was on the suit but he initiated the idea to bring it. huge victory for the freedom of public employees to be independent in their political thinking. paul: didn't win reelection but legacy achievement. my hit would be to american institutions, remember the dona fascism that was supposed to hit us with the trump presidency, somehow didn't seem to arrive. we had an election, democrats won, they're not complaining about the results. so maybe american democracy works and maybe the constitution holds up pretty well after all and maybe will even in the next 2 years, all right, so american institutions, if you have your own hit or miss of the year be sure to tweet it to us at jer on fnc, that's it for this week's show, thanks to my panel, thanks to all of you for watching, i'm paul gigot, happy new year.
we have to see you right here next week and on in 2019. ♪ ♪ >> fox news alert, it is day 8 of the partial government shutdown and it's anyone's guess when it may end, president trump and congressional democrats at odds for funding for border wall as both sides continue to pass the blame. hello, everyone, welcome to brand new hour of america's news headquarters, i'm laura ingle here for arthel neville. eric: i'm eric shaw. senate in the house not in business and not scheduled to hold votes until at least on monday. currently about 5% of federal government remains close at this hour with more government agencies expect to go run out of money very soon.