Transcripts For FBC The Journal Editorial Report 20240711 :

FBC The Journal Editorial Report July 11, 2024

Years since 1793. Paul joining the panel this week, wall street journal columnist, dan heniger, kim kim strassel and jason riley. Dan, lets give context of where we are now in the election fight. As i look at it, donald trump to win would have to turn results in some combination of georgia, arizona, pennsylvania or wisconsin. How likely is that . I dont think its very likely that its going to change very much. Its good that georgias going to do this manual recount so we can have a clear idea of how one of these elections turned out with a legitimate recount. But you know, theres a couple things to keep in mind here. Joe bidens lead in most of these states is tens of thousands of votes. The other most famous recount in american president ial history was florida in 2000, al gore and george w bush. Between them, there were less than 600 votes. Out of millions cast. So as a statistical proposition, paul, its pretty unlikely you can turn around that many votes. Having said that, the percentages in all these states are very, very close. This was a closely run election. And i think all things considered, given the intensity of the election, the politics behind it, it is a good thing as Mitch Mcconnell suggested if we let these lawsuits play out, let the recounts play out and come to a natural end eventually as to who won. Its not a bad thing that were going through this process. Paul but kim, what about all of those folks and most of them are democrats but theres a lot in the media too, some on the right, say it somehow tarnishes american democracy, undermines Public Confidence in the system for the president saying at this stage that the election was stolen, to its somehow illegitimate. I would ask them to look at why so Many Americans doubt our institutions right now. Thats why i agree with dan, that we need to go through this process and understand what happened and the reason people dont have a lot of faith is when you look at what happened in 2016, and the last election and the fbis role, all of those democrats now saying hey, just trust us. It doesnt sit well with 70 million americans. And so the process will play out, weve got courts. Were now finally beginning to see what the substance of some of these lawsuits are and this is going to take a couple of weeks. And then were going to get some answers and then we will hopefully all feel a little bit better about the process. Paul jason, so play this out for us here. The recounts are going to go ahead, first in georgia, then youre going to get these legal challenges. All of these states have deadlines, they have deadlines, in statute, certifying the counts and therefore moving ahead with the choosing of electors which will be chosen for either one of the candidates in early december. How do you see this playing out . I see it playing out just the way you described it. I think the election will be certified for joe biden. I dont expect President Trump to ever officially concede. I would be quite surprised if he ever does that. Hes not required to do it under the constitution. Its a niceity. Its a formality. Its tradition. But its not a requirement. But come january 20th, noon, donald trump will be a regular citizen again and if hes on the premises of the white house, he will be removed and thats the end of it. He does not have to concede and i dont expect him to. Paul do you think, jason, that any states with republican legislatures could overcome the actual election count and recommend lek tores for donald trump electors for donald trump instead of joe biden, say in pennsylvania or georgia . I dont see that happening. And i know were going to talk bouts whats going on in georgia a little bit later but i think the reason so many Public Officials right now are reluctant to be a little harder on the president in terms of conceding is because i think they want to keep the spirits up of Trump Supporters for those races in georgia. They want to keep the base fired up and dragging this out to some extent does that, so i think it serves a purpose in that sense. But at the end of the day, no, i dont see them acting in the way you just described. Paul i guess all of you, weve got a unanimous trio saying you dont think that this is likely to turn in Donald Trumps direction. So what is he up to here . What is his goal . What is his political calculation through all of this . Kim, you want to take that . Yeah. Well, look, i think the president weve gone into an election in which there are a lot of questions. We had unprecedented voting systems this time, the use of mailin votes, a lot of changes right prior to the election that were different and so i think what he and his supporters are attempting to do is kind of have a deep look at that and these lawsuits, again, were starting to get some ones, for instance, in pennsylvania, looking closely for instance at how people filled out their ballots and envelopes they were supposed to come in, were they done the right way. Were trying to get an accounting here. I think its a long shot. Weve only just started it. So well look and see where it is and then we go from there. But this is as Mitch Mcconnell said, its not unusual. We have systems exactly for this. Its not going to last forever, as you said, there are certifications on certain days. So hes trying out all of his legal avenues. Even if those are somewhat long shots, theyre something accorded to him under the system and our laws. Paul briefly, is this about 2024 and remaining viable for 2024 by saying, look, this wasnt fair in 2020 . Well, thats certainly going to be a very powerful argument if he chooses to run again and i would not be surprised if after this, if he does fail in this, that that will be a top argument of donald trump if he runs again. Paul still ahead, all eyes are on georgia as the battle for control of the u. S. Senate comes down to a pair of runoff elections in january. Whats at stake in the peach state showdown, when we come back. Now we take georgia, then we change america. To support a strong immune system, your body needs routine. Centrum helps your immune defenses every day, with vitamin c, d and zinc. Season, after season. Ace your immune support, with centrum. Anywhere convenience. Everyday security. Bankers here to help. For wherever you want to go. Chase. Make more of whats yours. Adapting. Innovating. Lsetting the course. But new ways of working demand a new type of network. 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So i can tell you, guarantee you, kim, that when Chuck Schumer says the most important election was the presidency, he doesnt mean it. He thinks the most is he going to be majority leader . Its been his lifelong goal. Whats the difference between 5149 senate in policy terms with Mitch Mcconnell running it versus 50 50 with Chuck Schumer . Its enormous. Take Chuck Schumers word for it. He said everything would be on the table if he is majority leader. That means getting rid of the legislative filibuster, that means potentially packing the supreme court, it means potentially adding d. C. And puerto rico as states. And it means a greenlight to most of the Progressive Agenda that youve heard that part of the party talking about from the Green New Deal to medicare for all. In my mind, i think joe biden would be better off with a Mitch Mcconnell because he wouldnt face all that pressure that would come from a democratic senate. Paul yeah, jason, do you agree with that about the Mitch Mcconnell better for joe biden running the senate, even if it means you cant get everything on his agenda through . I do. I do. I think it would of be better for the country as well. I think they voted for divided government on election day by and large, whether at the federal level, at the president ial level, congressional races in the house, state legislatures and so forth. I think what the American Public wants is a check on that Progressive Agenda. And i dont think its what biden would otherwise be pushing for. So, yes, i think it does help. Paul dan, when you talk about a 50 50 senate, i think a lot of people dont understand. With Kamala Harris there to provide the 51st vote, democrats would run the chairmanships of all the committees. And you dont even need to break the legislative filibuster to do a budget, for example. So you could pass huge tax increases on 51vote majority. Thats right. And i dont think people as well have quite focused of on what those committees would look like if the democrats took control of the senate or if it was 50 50 as you suggest. The chairman of the Senate Budget committee, believe it or not, bernie sanders, socialist of vermont. The head of the Banking Committee would be Sherrod Brown of ohio who is a progressive. The head of the Financial Services subcommittee would be elizabeth warren. And the head of the finance committee would be ron widen, who is very much on dashboard for all of on dashboard for all of. The republican of which is wiscn would no longer be the head of the oversight committee, which would of be the end of overlooking what has been going on with the fbi and the Trump Administration and the presidency. They have enormous power if they get hold of those committees and legislation would of move through, for sure. Paul with these two races, how do you read them right now of. The betting markets have republicans heavy favorites. As we know from the election the other day, they dont always go that way. How do you see it . Well, heres what democrats have in their favor. The argument that they make is, look, this president ial election just showed that georgia is in play, okay. And thats a different scenario than weve had in the past. Heres what republicans have going for them and i think what you see in those betting markets, which is that if you look at history, republicans have always won any state runoff that they did have there. Theyve also been on the ground. Theyve got a good ground game, far more up and operational than joe bidens which got a late start there. Most importantly, what weve been talking about, they probably have the better message. Which is look, the fate of the senate hangs in the balance. If you want a check on the Progressive Agenda, you need to make sure both of these republicans go to the senate and you see them hitting the candidates, republican candidates are hitting that very hard and already some big hitters in the Republican Party coming into the state to make that message as well too. Paul jason, i noticed you recall that Chuck Schumer line about we take georgia and then we change america. That is already in an ad by republicans running in the state of georgia, saying dont let them take georgia. Thats going to hurt did Chuck Schumer just hurt his own cause . He might have. He might have. I mean, the democrats are trying to keep their base excited too about this race. We know georgia is changing demographically and politically. Its moving closer to a virginia, say, than to a mississippi. And the recent elections have shown that. Stacy abrams was a sore loser but she ran a pretty good race, considering she is a democrat runing in a deep south state like georgia so things are changing. And i do think that keeping the president ial stuff alike for donald trump is partly about keeping the base excited for this georgia race. I think the odds are very much with the republicans in georgia, particularly in the warnock race against loeffler. Hes pretty far left of the state and he benefited a lot from doug collins being in the race and sort of splitting the republican vote. So i would be very, very surprised if they could pick up both of those or even one. Paul theres a huge difference between 51 and 50 but also a big difference between 52 and 51 because you have that extra seat cushion. All right. When we come back, House Democrats are pointing fingers at each other after their losses in last weeks election. So who is to blame for their shining house image shrinking House Majority and what does it mean for their policy agenda . For over 30 years, lexus has been celebrating driveway moments. Heres to one more, the lexus december to remember sales event. Lease the 2021 is 300 for 339 a month for 36 months and well make your first months payment. Experience amazing at your lexus dealer. And well make your first months payment. Noand if youre troubledan a liby falls and bleeds,ners. Worry follows you everywhere. Over 100,000 people have left blood thinners behind with watchman. Its a onetime, minimally invasive procedure that reduces stroke risk and bleeding worryfor life. Watchman. Its one time. For a lifetime. We now have a president of our party in the white house, joe biden. We have a majority in the house, albeit smaller. But nonetheless, a majority. 132 gavels, chairs of committees, subcommittees and the rest. The beautiful diversity of our caucus and we see it as a tremendous opportunity as we go forward. Paul Speaker Nancy Pelosi set to preside over one of the slimmest House Majority in decades, despite polls that had predicted a blue wave, democratic members are pointing fingers at each other with centrists blaming the left flank for the losses, saying their ideas and rhetoric allowed the gop to tag them as socialists and antilaw enforcement. Jason, what do you make of the speakers analysis of the election that it was trump at the top of the ballot and she thinks it was all just terrific . [laughter] well, its a nice bit of spin. I dont think very Many Democrats would consider would say they had a terrific election last week. I think the House Democrats had a few problems. One is, it was never really clear what they were running on. They werent united on a theme. In 2018, they were pretty united, running on healthcare. This time around it was less clear what they were trying to get across to the american people. I think also nancy pelosi might have overplayed her hand with that most recent stimulus package that shes been negotiating with the white house. They made some pretty good offers and she rejected them. And that might have hurt some of her members back in their home district who were expecting her to cut a deal on covid relief and so that might have had something to do with it as well. Paul as i counted, dan, republicans have picked up 11 seats so far. And democrats have turned three for a net of eight and it looks like its going to run into double digit gains for the republicans. Thats a very narrow majority. Could the speakership be in jeopardy when that comes to a vote in january . I do not think her speakership is in jeopardy when we come to a vote in january, paul. But i think that speakership is in jeopardy when we go to a vote in 2022. Im here to predict they are going to lose control of the house two years from now. Look, they only have about a s , 11, 12 seat majority. After barack obama won his first term in the midterm, he lost 60 seats in the house. Bill clinton in the midterm elections, the democrats lost 54 seats in the house. Were talking here about 10 or 12 seats that the republicans have to win and clearly the momentum is in their favor right now. So i think were looking at the possibility, especially if the republicans hold the senate, of the congress being in the control of the republicans two years from now, which would really change the political picture Going Forward to the next election four years from now. Paul kim, though, before we get to 2022, she or some democrat will still have the gavel. But with that narrow majority, what does it mean for the democrat agenda . I mean, you have alexandria ocasiocortez and the progressives saying were not giving up at all. Were not slowing down. We want the Green New Deal. We want a big tax increase. We want all kinds of legislation. But are they going to have the votes to pull that off . Yeah, theyve got a big problem. Look, i think one of the biggest stories in recent years has been this split in the democratic party. And the fact that youve just got these two wings that dont even operate on the same planet anymore. They were able to kind of paper that over, over the last congress, by largely he focusing on investigations on donald trump and obsessing on donald trump. But hes likely not going to be there anymore and so people are going to be looking at them, what is their agenda and this is going to be front and center, this fight. And with that very narrow majority of, its very difficult to see on what issues nancy pelosi can bring together her caucus behind issues that everybodys going to agree on and weve seen this already, the finger pointing and the fighting. I think youre going to see what centrists, theyre going to be much more vocal, makin

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