Statement that this impeachment probe is constitutionally valid invalid and violates due process. I may not use those words but i would say its constitutionally very troubling. To elaborate, the framers were ambivalent about impeachment power, debating whether to create it at all and who should exercise it. They understood that tremendous potential for misuse given the british parliamentary practice and the difficulty in cabining it a bit. They moved it to high crimes and misdemeanors, mentioning treason and bribery. What they expected was the house to unfold things with a certain decorum, follow certain procedures many i wouldnt use the word due process. I wouldnt think that applies in a constitutional sense. Paul thats what i want to focus on, david. Seems to me, you look at the language of the constitution, what it says is the house has the power to impeach, high crimes and misdemeanors and so on but it doesnt say how it goes about it. The due process protections that we think about when we think about a normal criminal trial do not apply here, is that correct . That is correct, paul. The framers expected the house to unfold things in a fair fallings and expected th judici. They can open up information. I want to emphasize one point. This is not a use of legislative power. The framers viewed impeachment as something akin to the indictment in the house and a serious trial in the senate and they expected things to unfold this way. If i may, what i would say that the house is doing now, this is not an impeachment process defined by historical procedures used in the previous impeachments of a president or even british impeachments. Really doing something akin to a bill of a tainder which is constitutionally prescribed. Paul explain that. Thats usually applying to one individual. Theres he three parts to it. Its a bit of legislation that applies to individuals or groups of individuals. It is legislation that determines the guilt of individual or imposes punishment without going through the traditional process. The framers took this off the table. The Supreme Court from time to time has declared certain pieces of legislation, during the cold war or following civil war, imposing some disabilities, you may chuck hell at the for kelly kell at thchuckleat the former. It is very similar to the they style it as an impeachment but it looks like a bill of attainder. Paul they can pretty much do what they want. You can call it a bill of attainder. The house can do what it wants. The question then is, is the president legally on strong ground in resisting cooperation . Well, the president is on strong ground in resisting cooperation even if the house unfolded impeachment in a perfectly historically procedurally proper fashion. One thing that a letter stating on protecting constitutional prerogatives, even in the face of the houses demand, the oversight mode or impeachment mode is appropriate. You can adjudicate this. Youre supposed to protect not just yourself, but also your office, ability to exercise constitutional powers. The notion of the president resisting, irrespective of whatever the house is using, its perfectly appropriate, it is not obstruction. Paul it is not obstruction. Typically these kinds of fights go to the courts and the courts will decide whether or not the houses request is adequate and the white house has to oblige. Is that how this will play out this time . I fear thats not what nancy pelosi has in mind. I think what she has in mind is unilaterally designating among other things look, the underlying offense, the alleged high crime and misdemeanor, is absolutely silly. The president was exercising constitutional powers to conduct foreign policies, wanted to do something, agree with it, disagree with it virtually everything you do as a sitting president is supposed to be beneficial to you, be it trade, arms control, dealing with ukraine. The underlying case is very weak. My fear is theyre not going to go to court, theyre going to have articles of impeachment which says you didnt give us everything you wanted, including every phone call of every foreign leader youve ever had, youre obstructing justice. Paul they can do that as a matter of the constitution, they can construct an article of impeachment in that fashion and then vote on it and then it goes to the senate and the t senate disposes of it as it will. Its a weaker case if they dont if they dont actually play this out in court beforehand. Its a very weak case. Let me underscore. Its fund men l tally not about fundamentally not about trump. My hope is the senate will restore the separation of powers. This is restoring the integrity of separation of powers. The senate has to the take into account not only the president s guilt or innocence but the process the house deployed. That is essential. Paul thank you, david, very interesting. President trump taking his case against democrats on the road as polls show growing support for impeachment. So whats behind those numbers and can the president change the narrative . So they know they cant win the 2020 election, so theyre pursuing the insane impeachment witch hunt. Imagine traveling hasslefree with your golf clubs. Now you can, with shipsticks. Com no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. Sending your own clubs ahead with shipsticks. Com makes it fast easy to get to your golf destination. With just a few clicks or a phone call, well pick up and deliver your clubs ontime, guaranteed, for as low as 39. 99. 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Hows that for changing whats possible . The democrats brazen attempt to overthrow our government will produce a backlash at the ballot box, the likes of which they have never, ever seen before in the history of this country. Paul President Trump taking his case against impeachment on the road, rallying supporters this week at two Campaign Stops in minnesota and louisiana, his first since democrats rome opened their inquiry opened their inquiry. Polls h show growing support for an impeachment, with 51 of registered voters saying the president should be impeached and removed from office. Lets bring in Dan Henninger and kim strassel. Kim, i want to get to the polls. First, i want to ask you about the way that democrats are handling this impeachment probe. What do you make of it . Is it enhancing the credibility of the impeachment . No, and i think that that is fundamentally what mr. Sipilonis letter was about from the white house. He made a lot of legal arguments. But i think it was really designed to point out to the degree which the house is not following the usual procedures, not allowing the white house to take part in things like asking witnesses questions or crossexamining them or calling them. And that making the case that since impeachment is a political tool, the goal of it is to convince the public that you are doing things in a fair and just manner and theyre certainly not, because theyre not abiding by any of the past courtesies or standards that impeachment probes use. Paul how so . Theyre doing a lot of it in secret through the House Intelligence Committee rather than the house judiciary committee. That is unusual because both of the other impeachments in our era, nixon and clinton, were done through judiciary, in the open. Right. I think the reason they are doing it through house intelligence is so they can keep everything secret, keep this whistleblower identity secret and the nature of some of the claims but thats not very encouraging to the public. And i think the other thing theyre doing is not holding a formal vote to have an impeachment inquiry and setting out the rules. Theyve been denying republicans the right to take part in some of this. These are all at variance with what past probes have done. Paul also helps with selective leaking. Tell us what happened with kurt volcker, the former ambassador to the u. S. Envoy to ukraine who testified. What happened when he did . This is the thing, he goes, he gives his testimony in private and then they the take selective little snippets and put it out there to drive a narrative. Weve seen the opening statement. It did leak. It turns out it was very ex on rating for the president in terms of the specific claim democrats are making that there was a quid pro quo with the ukraine and military aid hinged upon opening investigations. He flatout said that was not the case and he was the man at the center of all of this. Paul dan, just as a political matter, you have the letter, the pushback, legal issues aside for a second. Is it a sustainable political strategy not to cooperate with an impeachment inquiry . For the president and the white house . Paul yes. Yeah, i think so. Paul really . I think as mr. Sipiloni has said, if theyre going to go through proper procedures and hold a vote, then they will consider cooperating. Paul this will be a vote to authorize an inquiry like they had with clinton and nixon. Thats right. The positive side, it exposes what the House Democrats are doing for what it is which is basically a political strategy, being run against President Trump. Look, as david riffkin made clear, the founders were ambivalent about impeachment. James madison said the bar for impeachment had to be high, otherwise if you simply routinely impeach president s, they would be serving at the pleasure of the congress. They dont. Theyre elected by the American People. So it looks as though what nancy pelosi decided to do is to indeed try President Trump in the press. Just as kim was describing. You have these closed hearings, you listen to these witnesses and then you leak it to the press and you create a kind of tumult around the president. Its driving the polls and now the support for impeachment has crossed 50 . Paul have you heard of the idea of impeaching a president , serious business, and letting the central witnes, witness, the whistleblower in this case, testify a anonymously, maybe behind a screen, with the face shielded . Its remarkable. Yeah. I think i understand their strategy is to try the president in the press, drive his political numbers down. That said, impeachment is at the center of this and the reasons youre suggesting here, at some point the American People stand back and are going to ask what is going on here. Is this a political battle or are they in fact going to proceed with an impeachment . As david riffkin suggested, if they proceed on this basis, the case going into the senate would be extremely weak. I dont think they could even get Susan Collins to vote in favor of impeachment if they go in with nothing more than a collection of political accusations. Paul kim, the polls nonetheless seem to be moving against President Trump on this. Has his own response contributed to this . Im thinking of his invitation to china, publicly, to investigate biden. That sort of thing doesnt look to be helpful to me. Well, look, it might have. And why are we where we are . Because the president , it wasnt the best idea to bring up joe biden. Do i think impeachable . No. To bring this up in the call and then china and then to have Rudy Giuliani out there freelancing and kind of conducting his own investigation into the bidens, it just it doesnt look great. And so the press has taken that and run with it. Thats really as dan was saying, thats really the cause of these polls, is really the kind of incessant press beatdown on the white house and the conflation of almost irrelevant details, designed to make a cloud over the add a medicine strayings. Paul when we come back, joe biden calls for President Trumps impeachment ahead of the democratic debat cos i know what it means to walk along the lonely street of dreams here i go again on my you realize your vows are a whitesnake song . I do. If you ride, you get it. Geico motorcycle. 15 minutes could save you 15 or more. I am royalty of racing, i am alfa romeo. Thand find inspiration who win new places. Ct. 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Paul former Vice President and 2020 president ial a hopeful joe biden this week calling for President Trump to be impeached for the First Time Since the inquiry was launched. The call comes asthmas chew sets senator Elizabeth Warren pulse almost even with biden in the real clear politics polling average and ahead of the fourth democratic president ial debate in ohio. So what should we expect when those 12 candidates take the stage on tuesday night . Were back with Dan Henninger, kim strassel and kyle peterson. So kyle, i guess no big surprise that biden got out ahead of the train here on impeachment, he more or less had to ahead of the debate, otherwise he would have been beat up on not having done it. I think this is an attempt by him to take back court contrf the narrative. One of his quotes this week was impeachment is a god awful thing for a nation to go through but weve just got to do it. Paul weve just got to do it. His selling point is hes the guy who can beat donald trump and hes banking on the fact that voters will take him as the best guy to do that at the end of the day. Paul will all of them line up for impeachment. I guess there wont be discenter discenters on diss dissenten stage. How long will they be forced to talk about the details of impeachment when they presumably are running for the president ial nomination of the democratic party. It seems as though president ial politics of the party are being run by House Speaker nancy pelosi in washington. In other words, all of these candidates at some point are going to have to get off the impeachment train and Start Talking about their own agendas. Because theyre trying to appeal to democratic primary voters out there and keep in mind, the Iowa Caucuses are six months away. Its a long time. So these people are going to be trying to break through and talk about themselves, not just donald trump. Paul i would predict theyll pivot immediately and say this is donald trump should be impeached, yes. But our problems are much bigger than donald trump. And heres what im going to do about them. What about the hunter biden and joe biden story . Do you think some of the democrats are going to make an issue of that on stage, taking on joe biden, saying, look, the fact that your son was involved in china, was involved in ukraine, makes it almost impossible for you to win. Do you think anybody will frame it that starkly . That is a Million Dollar question of this upcoming debate, paul, in my mind. I think theres things that argue on both sides. So we just dont know. One, you do see some progressive media now going after the bidens over this, which is new. And so well wait and see if some of the candidates, therefore, think that it is fair game to bring this up and make the case, look, you are no longer in a position to really make the case against donald trump, joe biden, because of your own problems. But on the other hand, i there s a kind of collective jumping on anybody lately who had been going after each other on the stage, saying that this just divides the democratic party, you shouldnt be doing this. So that might also bar some of they might feel as though they shouldnt go there because the blowback may be bigger than the benefit. Paul what do you guys think of that . I think Tulsi Gabbard might do it. Everybody has to figure out a way to stand out. No way any of the others are going to be accused of carrying trumps water. I would think she may attack biden over his son. Paul not even Elizabeth Warren . Elizabeth warren is making corruption part of her big theme. Whether or not joe biden did the right thing in ukraine, theres no question that hon tear Bidens Hunter bidens behavior was swampy behavior. He was slip streaming behind his father to do business deals. Theres no question of what he was doing. Thats what warren is campaigning against. She doesnt need to make that case at this point. She is rising in the polls. Shes up about 10 points with moderates and shes up about 10 points with black voters. Neither of which are her natural constituencies. I think she feels like she can leave that to the other candidates. This is going to be the biggest president ial debate stage in history, i believe. There are four guys who are not qualified yet for the november debate. Theyre looking for a way to break through and Elizabeth Warren can let them take those shots. Paul does anybody take a shot at warren . I doubt it. Paul just a free ride . Shes now equal they all have target voters out there. Theyre not trying to target Elizabeth Warren. Joe biden appealing to black voters, older voters who are supporting them. Pete buttigieg has to win in iowa or come in second. Iowas caucus voters are primarily white. Hes going to present himself as an acceptable person on the national stage. Theyre trying to argue on behalf of themselves, not take down their opponents. Paul kim, do you think warren gets a free ride here . The arresting ament against her, seems to me, is her positions are too left to be able to they are going to be a vulnerability against trump. Wont anybody make that case . Somebody has to at some point if they simply want to break out because up to now, the entire idea is let me try to break out by showing what a great candidate i a am and talk about my winning messages. Thats not helping any of these guys. Weve been setting m the race a long time with biden warren moved up in the polls. Youve had three frontrunners and everybody else is down at 5 or 2 . I think at some point theyre going to have to take on board that the strategy for coming up the in the polls and bringing down the top guys a notch is to make a case against them. Paul still ahead, amid turkeys assault on the kurds, bipartisan condemnation of President Trumps syria withdrawal, general jack keane on the president nationwide jingle alexa added ukulele to band shopping list. Perfect. Peyton, what are you doing . Nationwides teamed up with amazon to bring you the allnew echo auto. Youre gonna love this. Alexa, add xylophone to band shopping list. alexa okay. We dont need a band shopping list. Alexa and i disagree. Alexa, add positive attitude to band shopping list. alexa added positive attitude to band shopping list. Thats for you. You need it. Join nationwide now and get a free amazon echo auto. Do you recall, not long ago we would walk on the sidewalk all around the wind blows we would only hold on to let go blow a kiss into the sun we need someone to lean on blow a kiss into the sun we needed somebody to lean on all we need is someone to lean on campaigned on ending the endless wars. Were all over the world, fighting wars, half the places nobody knows what theyre doing over there. I feel that we are doing the right thing and i think the country feels that too. Those be done. Otherwise, youre never going to do it. Paul that was President Trump he defending his abrupt decision to pull u. S. Troops from Northern Syria ahead of a Turkish Ground and air assault that began wednesday against Kurdish Forces who have been a crucial american ally in the fight against islamic state. The president s decision earning him bipartisan criticism on capitol hill with republicans and democrats warning that it ensures the reemergence of isis jack keane is a fox news senior strategic analyst and president for the institute for the study of war. Good to see you again. So the administration argues that once president erdogan of turkey made the decision to go into that Northern Syria area, the president of the United States had no choice but to move away and allow it to happen. Do you agree . No, i dont agree. I think the pushback could have come as soon as erdogan suggested that he was breaking off negotiations to establish a safe zone which had been going on for weeks. Paul right. And that he was going to establish that safe zone by force. I think our response should have been that we control the air space in that area. We are not going to tolerate an invasion of Eastern Syria by Turkish Forces and we will retaliate. I think consequence of that statement, erdogan would not have taken on the United States over that buffer zone. I believe if we would have gone back to a diplomatic solution. Paul the ambassador, jim jeffrey, came to see us during the u. N. Event, meetings here, he said that negotiations had been going on they were kind of working they thought in a decent direction. Do you think that erdogan thought you know what, i think i can call the president s bluff here and see if i can get him buff him out of here . I think thats actually probably the case. I think he believed that Advisory Team around the president really wanted a diplomatic solution here and wanted to keep a force there because isis is trying to come back. Paul right. Which is really the concern we all have. And i think he believes that given the president s rhetoric, to end these endless wars, get out of here and quickly as possible, he saw it as an opportunity. Paul play through this on the implications of this, the isis prisoners, the kurds have. We also have iran in syria and russia. How is this going to play out in your view . The strategic implications are pretty serious. For our audience to understand, theres 10,000 plus isis fighters in almost 20 Detention Centers, all of them largely being guarded by syrian kurds. They have not uncovered those Detention Centers yet. But as this military invasion picks up, in terms of the breadth of it and the depth of it, i believe the syrian kurds will have no choice but to remove those guards and send them to their homeland to defend what the turks are doing to them. At that point we have a major acsell rent of isis. Theres 18,000 isis fighters between iraq and syria. Paul that are outside the camp. Outside. Now were adding 10,000 to that. Were getting pretty close to isis numbers that invaded iraq. That is a very dangerous situation. I believe they would begin to retake territories. And what it would mean to the world to see an isis flag again, standing over some town or city in Eastern Syria, given their pabehavior in the past. Paul the president president says we dont need to worry about it, theyll just return to europe, for example, if they came from europe. Its not as if they only care about europe. They want to hit us. Oh, yeah. First of all, the facts dont suggest that. The majority of the fighters, paul, are from the region, not from europe. Some fighters are, a couple thousand from europe. Most of them will stay. Theyre radicalized, theyre committed to the fight. If they see the opportunity to he retake the territory they had lost and obviously the leaders would be suggesting that, thats whats going to happen. Will some return to europe . Yes, sir. Paul the president s argument to that is, well, look, weve been fighting this long enough. Why dont you in the neighborhood take care of that, so turkey, youll have to deal with isis, so syria, youll have to deal with isis, iraq, youll have to deal with isis. Whats your response to that. We have the best of all worlds here. We have this iconic organization that grew to a size and scale we had never seen of radical terrorists. We had 60,000 syrians to fight them. Paul to take casualties on the ground. They did the fighting. Fighting its a myth that the United States was doing the fighting. We were advising them for artillery and air support. For a modest investment, we got a huge payoff, destroyed the calcaliphate, pushed back the organization to a terrorist network, protected america, protected europe. Huge, significant payoff for that investment. The se second thing thats happening is the iranians are massing on the western side of the you river. We own everything on the eastern side. Theyre doing that as we speak. That is happening because they see an opportunity. The kurds are going to go north and they will go east at some point, thinking the americans are not going to do anything about it because they no longer have a ground force that they can rely on. Why would they want to go east . Because 70 to 80 of all the oil fields in syria are in Eastern Syria, under the control of syrians, sirran Democratic Force syrian Democratic Force thats the United States is coordinating with. Theyre after that prize. Paul if the kurds if we walk out on the kurds and theyre punished and massacred by the turks, if we need them in the future theyre going to say sorry, you didnt you betrayed us the last time. I mean, its a blatant betrayal and certainly you couldnt blame them for having that kind of reaction. Theyre very close to our military people there as you can imagine because we helped train them, we armed them and theres a bond thats there. And im not certain they would abandon us completely. They have every right to, to be frank about it, given what weve done. We put their families at risk there. Thats really tragic. Paul thanks for being here. The Supreme Court picks off the new term with politically explosive cases on the docket as the fight over Justice Brett kavanaugh still simmers a year [phone ringing] how are we doing . Fabulous. I wonder how the firms doing without its fearless leader. You sure you want to leave that all behind . Yeah. Stay restless, with the icon that does the same. The new rx crafted by lexus. Lease the 2020 rx 350 all wheel drive for 439 month for 36 months. Experience amazing at your lexus dealer. Now you can, with shipsticks. Com no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. Sending your own clubs ahead with shipsticks. Com makes it fast easy to get to your golf destination. With just a few clicks or a phone call, well pick up and deliver your clubs ontime, guaranteed, for as low as 39. 99. Shipsticks. Com saves you time and money. Make it simple. Make it ship sticks. 2,000 fence posts. 900 acres. 48 bales. All before lunch, which we caught last saturday. We earn our scars. We wear our work ethic. We work until the works done. And when it is, a few hours of shuteye to rest up for tomorrow, the day well finally get something done. the day well finally get something done. I wanted more thats why ive got the power of 1 2 3 medicines with trelegy. The only fdaapproved 3in1 copd treatment. Trelegy. The power of 123. Trelegy 123 trelegy. With trelegy and the power of 1 2 3, im breathing better. Trelegy works 3 ways to open airways, keep them open and reduce inflammation for 24 hours of better breathing. Trelegy wont replace a rescue inhaler for sudden breathing problems. Trelegy is not for asthma. Tell your doctor if you have a heart condition or high Blood Pressure before taking it. Do not take trelegy more than prescribed. Trelegy may increase your risk of thrush, pneumonia, and osteoporosis. Call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. Think your copd medicine is doing enough . Maybe you should think again. Ask your doctor about oncedaily trelegy and the power of 1 2 3. Trelegy 123 save at trelegy. Com paul the support kicking off the new term with high profile and potentially explosive cases on th the docket. The they heard oral arguments in a trio of cases. The Civil Rights Act prohibits discrimination based on sex. This as protesters gathered in front of the High Court Last weekend to mark the one Year Anniversary of Justice Brett kavanaughs confirmation. Allysia, what cases should we be looking for this year . Well, next week we have a case involving the puerto rico financial control board, the constitutionality of that. The big case in november is over the constitutionality of Donald Trumps rescinding daca which provided work permits and legalized young adults that were brought into the country as kids. Paul big immigration case. Other topics, gun rights, abortion, religious liberty. Right, the first week of december, youre going to hear new york, new york city gun regulation that has in the past prohibited gun owners from bringing their guns outside of the city to shooting ranges or second homes. The city tried to or asked the court not to hear it, saying its moot because were not going to enforce it so please dont hear it. The courts last week said were going to hear it anyway. Paul despite threats from Democratic Senators led by Sheldon Whitehouse of rhode island saying if you dare take this up, there will be retribution, the im mri being n being well pack the court. The new york regulation was imposed and when the Supreme Court started thinking about taking the case, they unimposed the regulation and changed it. Paul so we admit its unconstitutional. Or they didnt want to get the ruling. If that standard holds, when your case gets taken by the Supreme Court, you reverse yourself and its mute would undermine the judicial process. Paul what did we learn this week from the discrimination oral arguments. They were fascinating. On the one hand, there were two case thats were combined that had to do with sexual discrimination based on ones sex and this is basically involved gay people. Paul Sexual Orientation. Sexual orientation. The other case is about gender orientation. And this is about a young man who works in a funeral home who decided he was going to be a woman, wanted to wear womens clothes to work and so forth. On the Sexual Orientation case, it was interesting because Justice Gorsuch was suggesting that perhaps a fair reading of the 1964 title 7 would include Something LikeSexual Orientation but having said that, he didnt say that at all about the gender orientation case and even steven briar said we are wading into an a area here that no Supreme Court justice back then could have imagined they would be dealing with. I think perhaps the Sexual Orientation case has a chance of winning 54 but i think the gender orientation case the justices are going to say that congress if theyre going to include that is going to have to revisit title 7. Paul i read that, the gorsuch statement the same way. You could see justice kag a an come on over here, Justice Gorsuch, the definition of sex in the act includes Sexual Orientation. I think thats a very broad reading of it. In 1964 they werent contemplating these cases or these issues. I think they also said congress one of the argument is congress has considered every term since 1975, theres been a bill introduced to include Sexual Orientation under the law and kagan is like wait a sec, s, the court isnt supposed to consider the legislative history which is playing to gorsuchs argument. Paul hell look at sex and think what did the court think about the definition of sex at the time and how can we read that. Thats one. Thats one of s thats an interesting change now that there are five conservatives on the court. A lot of the discussion was on those grounds. And whats interesting, though, is gorsuch made the point that the Supreme Court gavel is a blunt instrument so there was a lot of talk about whether the precedent could be used to challenge mens and womens sports in college, mens and womens restrooms, all sorts of stuff like that. They seem to not have grappled with consequences. Paul isnt this something that should be left to legislatures. I think thats where the court will ultimately come down. I think there was richard posner, a Second Circuit appeals justice has said that we cant expect congress to grapple with this, the courts need to do it for us. I think thats creating pa pandoras box. Paul when we come back, Elizabeth Warren takes on the business roundtable, demanding that americas ceos make good on their vow to put stakeholders ahead of shareholders by endorsing her yo as a struggling actor, i need all the breaks that i can get. At liberty butchemel. Cut. Liberty mu. Line . Cut. Liberty mutual customizes your Car Insurance so you only pay for what you need. Cut. Liberty m. Am i allowed to riff . What if i come out of the water . Liberty biberty. Cut. Well dub it. Liberty mutual customizes your Car Insurance so you only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. To the wait did frowe just winners. Prouders everyone uses their phone differently. Thats why Xfinity Mobile lets you design your own data. Now you can share it between lines. Mix with unlimited, and switch it up at anytime so you only pay for what you need. Its a different kind of Wireless Network designed to save you money. Save up to 400 a year on your wireless bill. Plus get 250 back when you buy an eligible phone. Call, click, or visit a store today. Paul you may remember back in august we told you about a statement from the business roundtable, announcing they are putting stakeholders ahead of shareholders as their primary Business Purpose. Well, now 2020 democratic president ial hopeful Elizabeth Warren is demanding that these ceos prove they mean it by endorsing her agenda, in a letter to Jp Morgan Chase chief jamie dimon and other executives, warren wrote if you and the other 181 Corporate Executives who signed the brts new statement on the purpose of incorporation, planning to live up to your promises you made, i expect you will endorse and support the reforms laid out in the accountable capitalism act to meet the principles you endorsed. So dan, shareholders are the owners of the company, people who actually put their capital to work. Stakeholders are employees, suppliers, customers, and according to Elizabeth Warren, the community that you work in and operate in and you can define that as narrowly or broadly as you want. Did the Corporate Executives make a mistake in changing the definition of their Business Purpose . Yes, i think they let the cam camels nose in under the tent. Getting Something Like union representations on boards as in germany, something that the left in the United States has been trying to do for a long time, for at least 20 years. And finally Elizabeth Warren has codified into this act of her. United states capitalism creates a lot of wealth, which accrues to shareholders and ceos. That that wealth should somehow be captured by the Broader Community and reprogrammed away from simply shareholders into the needs of the community. Probably she she is going to do this with high taxes on big corporations, high taxes on wealthier individuals, and the idea behind it is you just take the money from them and give it to people down here. That is the theory behind it. Paul well, specifically she would take she would require these big corporations, any both 1 billion in revenue, to get a new federal charter. Right now theyre chartered at the state level. Get a new federal charter that would say you must respond to stakeholders and also put 40 of the Board Members would have to be employees. Employees would have to elect them. Paul which probably means representatives for the most part. So youre talking about rewriting the basic framework of american corporate governance. I think thats right. Dan was saying make it more along the european model. The reason why we have stronger growth in the u. S. And stronger actually wage growth as well compared to europe is because companies are incentiveized to create profits for their shareholders which they distribute, as it happens many shareholders are mom and pop investors, people who own mutual funds, ir as. In fact, the public Pension Funds in the groups, the lobbying group i represented, came out against jamie dimon letter, saying wait a second here, youre supposed to be serving us, the shareholders, not the stakeholders. Paul well, the brt, their response is you guys are wrong, we have put ourselves in the Stronger Political position because by not falling for the by pointing out the truism that corporate profits help employees, help suppliers, help the communities in which they operate, weve now put ourselves in a stronger ground. Do you buy that . From Elizabeth Warrens perspective, theyve already conceded the principle. Now she wants to haggle the price man. Thats whats going on here. Paul the principle being what should corporations should they serve owners. Right. Or should politics should what workers and unions want be in the board room. If you flip it, that doesnt make any sense. Should parents get board seats in the Teachers Union board. No, because it exists to serve the interests of the teachers. You would ask whether ceos would welcome being regulated and paid like what existed in the 60s, no comfortable existence, no threat to take over, competition wasnt intense, you work for the public good and youre comfortable. I bet some of them would sign on. Paul if you have to suddenly answer to local politicians or National Politicians or serve larger ambitions than merely making a profit, say its some Climate Change agenda, thats a recipe for the destruction of capitalism. It sounds like regulated utilities, doesnt it. Paul worse. How would you make an Investment Decision in the best interest of the company if it is have you to answer to all of these people outside the company . Thats why some people call it socialism. Paul here, here. We have to take one more break. When we come back, hits and misses of the w i cant believe it. What . That our new house is haunted by casper the friendly ghost . Hey jill hey kurt movies . Ill get snacks no, i cant believe how easy it was to save hundreds of dollars on our Car Insurance with geico. I got snacks ohhh, i got popcorn, i got caramel corn, i got kettle corn. Am i chewing too loud . Believe it geico could save you fifteen percent or more on Car Insurance. Thand find inspiration who win new places. Ct. Leading them to discover were woven together by the moments we share. Everything you need, all in one place. Expedia. Paul time now for our hits and misses of the week. Kyle, start us off. I will give a hit to ellen degeneres. Last weekend she was spotted sharing a laugh with george w. Bush. That outraged progressives on the internet. I dont know if they wanted ellened to do a citizens arrest, but to her credit, she didnt back down. She said im friends with george bush. When i say be kind, not only to people the same way you do. Paul and shes a packer fan. Dan. Montgomery, alabama, elected its first black mayor. Clearly, this has political and moral implications while given the significance of montgomery in the civil rights struggle. Mr. Reid said in his victory speech this was about the collective hopes of everybody in month bombly. And i think montgomery. This sort of is a heartening example of the civil rights struggle being fulfilled. Paul allysha. This is the hit to boston childrens hospital, they created a cure for one child with a rare genetic neurological disorder, and for this i think shes 3 years old when she was diagnosed. And this may be the key to modern medicine where researchers are able to pinpoint the cause of one gene thats causing a disease and be able to treat very precisely. Paul all right. Thats a fantastic story. And remember, if you have your own hit or miss, be sure to tweet it to us jer on fnc. Thanks to my fan, thanks to all of you for watching. Im paul gigot, hope to see you right here next week