Transcripts For FBC WSJ At Large With Gerry Baker 20240712 :

FBC WSJ At Large With Gerry Baker July 12, 2024

Climate has been lacking, a real choice for americas voters in just over a weeks time. A good part of the evening was spent on the big news of this week, talking about the business act deaths of mr. Bidens son hunter. Unlike our colleagues and some other news organizations, we wont ignore the issue, but well discuss it later in the show. The biggest differences were around policy, the economy, health, energy and other areas. Joe biden got off to a start by warning of a dark winter of covid ahead while President Trump insisted that the primary responsibility is to get the economy moving again. Were opening up our country. Weve learned and studied and understand the disease. Were learning to live with it. We have no choice. He says that were, you know, were learning to live with it. People are learning to die with it. Gerry in many ways, this frames the election. President trump is eager to get the country back to work, end the lockdowns and manage the risk from covid. Joe biden emphasizes caution and Public Health and Public Safety above all. The president s hoping that voters will remember how good the economy was a year ago. And, in fact, voters do seem to have a pretty favorable view of their own finances in the economy. 55 of americans, according to a gallup poll, say theyre better off today than they were four years ago. Thats a higher number than any of President Trumps predecessors seeking reelection. And time and again on thursday mr. Trump sought to make the case that mr. Bidens plans would harm this economic performance. Perhaps the most revealing moment came late in the debate when mr. Biden talked about his energy plans and indicated that he wants to get rid of fossil fuels. Would you close down the by the way, id have a transition from the oil industry, yes. Oh, thats a statement finish. The oil industry pollutes significantly. Basically, what hes saying is he is going to destroy mr. President. Finish the oil industry. Will you remember that, texas . Okay. Will you remember that, pennsylvania . Oklahoma . Vice president gerry the democrats instantly knew that they had a problem, especially for voters in places like pennsylvania. And joe bidens aides later tried to walk it back. Mr. Biden earlier made a remark when he said he had never called for an end to fracking even though, actually, he has called for an end. It all highlighted what could be a real challenge for the democrats. They have very radical plans for the economy that may threaten the jobs and livelihoods of Many American workers. Whats at stake for the u. S. Economy as we confront the last few days of this campaign . Joining me now is chairman austan goolsbee. Thanks very much for joining us. Yeah, great to see you again. Gerry so the debate on thursday nights lots of policy discussion there, we can get into a bit of that. It was striking, again, that joe biden laying out his energy plan did indicate quite strongly that he wants to get rid of fossil fuels, he wants to get rid of fracking. Pretty radical plans the democrats are coming up. They also are going to raise taxes on corporations and on wealthier individuals, look, im just wondering at a time when the economy is so fragile and so much uncertainty, is this a risk that this bold ambition might just be a little bit too riskiesome. No. I mean, you lumped a whole bunch of things into the same sentence, and we can go through any one that you want. I thought the snippets that you took from the debate about energy were, hopefully, not intentionally, but clearly misleading in the very same paragraph that the Vice President said what his plans were, he said he was talking about over the next 50 years that by 2050 we would be lowering the cost of the cleaner energies and that we could generate millions of jobs in those clean are energy spaces. It was not a gerry he was directly asked finish. An immediate uncertainty. The suggestion in your question is the economy seems bad right now because of covid. Isnt it a big problem to ban the oil industry, and hes proposed nothing of the sort. Gerry no. I mean, he was asked directly he want to get rid of oil, yeah by 2050. By 5030. Gerry there is this 2050. There are big plans to support green energy initiatives. I dont think theres any question, professor, that the democrats [inaudible] and so people listening in pennsylvania and West Virginia and elsewhere are hearing a democratic campaign, a democratic president ial nominee who is basically saying were going to get rid of those industries, and were going to move on. Im just wondering at a time when maybe this is not the time to be entering into a major radical reform youre saying radical reform, and you just keep leaving off by 2050, which he said in the debate. I think if you look at the polls or if you look at the data, its quite clear that renewable energies, at a time when were having massive fires, massive floods, huge hurricanes, climate is on a lot of peoples minds, and whats happening with Carbon Pollution throughout the world is motivating all countries to try to look for Renewable Energy sources. Gerry so just to be clear, we shouldnt expect in a Biden Administration any significant measures to quickly move towards significantly restraining fossil fuel energy output, is that right . Well, you can go on the web site and see what the plan is. The restrictions are he thinks that we should stop massive subsidies of the oil industry. And that has majority support of the american people. I find it a little odd to argue the economys in tough shape, so the one thing that we should not cut are the subsidies to the oil industry when we could be using that money for a whole bunch of more productive things that are more important for the growth of the country. I just find that gerry just very quickly, Vice President biden does plan a major fiscal stimulus if hes elected, and market seems to like that. They seem to be expecting, you know, a significant boost for the economy. There are an element of that program or an element of paying for that program is significant tax increases, raising Corporate Tax rates, on wealthy individuals. Again, is that something that you would expect to change, is that something that might need to be reviced or should revised or should they just press ahead with those plansesome. Well, you mentioned that in the content of stimulus. I dont think the stimulus and rescue money that is about covid, the Vice President has said that should go on the National Debt. Thats what National Debt is for. That should, we should not be raising taxes in the short term in order to address what is a temporary phenomenon. For his build back better plan, which are about the longer term investments, he does want to raise tax it is on high income people and thinks that Corporate Taxes should go back to Something Like international and u. S. Historic norms of 28 rather than the extremely low rates of 21 that were under the trump tax cut. I dont think that theyve expressed what the timing would be, but my observation is in this covid recession there are widespread sectors of high income people and big corporations that have had no recession at all. Their profits are higher than they were before, their wealth went up more than it was before. So the i do not think that the argument is cent that it would def is correct that it would devastate the economy. Gerry i wish we had more time to discuss, but thank you very much, indeed, for joining us. Hunter bidens emails have been in the news, but you wouldnt know it from the Mainstream Media. My next guest says news outlets, some of them anyway, shouldnt be getting our tax dollars. Thats coming up. Yeah, thats half the fun of a new house. Seeing what people left behind in the attic. Well, saving on Homeowners Insurance with geicos help was pretty fun too. Ahhhh, its a tiny dancer. They left a ton of stuff up here. Welp, enjoy your house. Nope. No thank you. Geico could help you save on homeowners and renters insurance. The rx crafted by lexus. Lease the 2020 rx350 for 409 a month for 36 months. Experience amazing at your lexus dealer. And a high risk for fracture, osteoporosis lease the 2020 rx350 for 409 a month for 36 months. 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Prolia® can cause serious side effects, like low blood calcium, serious infections, which could need hospitalization, skin problems, and severe bone, joint, or muscle pain. Are you ready . Ask your doctor about prolia® fda approved for 10 years. I have heard joe biden say that hes never discussed business with hunter. That is false. I have firsthand knowledge about this because i directly dealt with the biden family including joe biden. Gerry that was Hunter Bidens former buzz partner, tony bobulinski, with explosive allegations on thursday. The question is hunter biden was seeking deals with a lucrative cut for the former Vice President himself. Now, theres no evidence of yet that joe biden was set himself to directly profit from the deal which, in any case, fell through, but the story is of great significance. Even if it was only hunter shaking down foreign governments, how much did mr. Biden sr. Know . How might it affect his judgment on policy . If youre in the unfortunate position of being confined this week to Mainstream Media and big tech, you wouldnt have heard anything about it. The New York Post broke the story, theres been a concerted effort by the media to downplay or denounce the story. Heres nprs explanation. Quote we dont want to waste our time on stories that are not really stories, and we dont want to waste time on pure distractions. Now, the stated reason given for refusing to follow the story was the very familiar one, it was, apparently, all made up by the russians. The media once again clearly taking their talking points on this from democrats. There are 50 former National Intelligence folks who said that what this hes accusing me of is a russian plant. You mean the laptop is now another russia, russia, russia hoax . That is exactly what this is where hes going gerry no one anywhere has provided any evidence to support this claim. Mr. Bob lib sky bobulinski, as far as we could tell, was not being controlled like a puppet by the kremlin. This is the same media that told us President Trump colluded with russia to win the 2016 election. Now the media have decided this simply is one story theyre not interested in. With me to discuss is immediate Research Center tech Vice President dan gainor. Thanks for joining us. Oh, certainly. We have to talk about it somewhere. [laughter] gerry what does this mean for the media and way in which peope should treat the meet ya and respect the media, that they can just choose to ignore what, by any standard, is an extremely important story. What it means is, basically, theyre feeding us a constant narrative of news, nots necessarily whats news, but what they want to share with us. They dont want to damage the chances of their president ial candidate. We did a tallly, so far abc, cbs and nbc, occupant of 73. 5 hours of broadcast time, 16 minutes, 42 we could ises with seconds. With abc, they havent done one second. Thats not news, thats, you know, censorship. Gerry what do you think can be done about this . I mean, we do have other outlets, the wall street journal editorial page has been writing about this, conservative commentary, obviously, fox news and fox business have been covering it. Is that okay . Can we just accept one set of medias going to ignore the story they dont like, and the oh media are going to do it . Well, if the tech world were werent, maybe we could. But its been more than a week, and the New York Post is still silenced by big tech. And youve got, you know, National Public radio, you know, the p in public, is not and the p for propaganda. We cant have all of the major levers of media in our country and big tech censoring stories they dont like. That basically leads to dictatorship. Gerry and youve been raising the alarm about National Public radio, havent you . Tell us what kind of response youve had. Oh, ive actually managed to make the term defund npr a trend on twitter twice this year. Ive been very happy about that. My colleague, tim graham and i, this is one of our big pet issues. Because american taxpayers are forced to pay for this, and american conservatives on shows like talk radio are forced to compete with their own tax dollars against liberal outlets. Gerry to me, one of the most disturbing things of this whole episode is the way in which so many journalists have been prepared to, essentially, trash other journalists and accuse them of being assets of the kremlin, of the russian state. In the past, journalists there was always competitive rivalry, or but i dont think people were prepared to actually impugn peoples patriotism and credentials. Weve reached a really terrible point. Well, weve reached the point where and we see it particularly in the New York Times where the young, woke employees have no tolerance for neutrality, no belief in it, and youre not supposed to be an activist, they want to throw you under the bus. Which is why we saw multiple people leaving the New York Times editorial section this year. Gerry well, were in the home stretch of the election now, tens of millions of people have already voted. What could yet change the trajectory of this race . Thats next. Are you frustrated with your weight and health . Its time for aerotrainer, a more effective total body fitness solution. announcer aerotrainers ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form. Aerotrainers unique design allows for over 20 exercises for a total body workout. Plus, you can easily transition from one exercise to the next. 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Hes always gotten a government paycheck, he gets Government Health care, hes always protected, and i think that was very evident when he was talking about closing down the economy again for covid, talking about the minimum wage which would destroy businesses, talking about Climate Change which would destroy the oil and gas industry which he said he wants to move away from, whereas you have someone like President Trump who has run a business, so he understands that his decisions have real world impacts and potentially, you know, closing down that business, potentially reaching its demise if he makes the wrong one or even running a country, his policy decisions, husband actions have real world his actions have have real world impact. And so i think that was one of the biggest things that stood out to me, or was really, you know, action and decisiveness versus someone who really thinks in theory and comes up with bad policy prescriptions because he doesnt understand the impact of them. Gerry what about hunter biden . A lot of the media suppressed or ignored the story, but people know about it, it was in the debates. Do you think its going to change many minds . I do think it matters because it goes into why people hate politicians. You have someone who has enriched himself off of the taxpayers for 50 years, who allows his family to leverage that last name to make money. I think this is the reason why people chose an outsider in 2016, and again what we saw on the debate stage last night, President Trump very much positioned himself as the outsider in the race, and joe biden is someone whos been there for 47 years, had every opportunity to do everything that he di

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