Buying it with a whopping 80 of voters in the latest fox news paul describing Economic Conditions as fair or worse, poor. It is no wonder, new data showing homeowners spending 40 of their gross income on their mortgage with rates hitting their highest level in 20 years and as moodys estimates americans are spending 709 or more on goods and services than they did two years ago. Lets bring in our panel, Damn Heninger and bill mcgurn, first, the Treasury Department on wednesday came out with a three page memo on the Inflation Reduction Act, virtually nothing in it was about reducing inflation. All about spending more on more regulations, both of which, spending or more regulations are inflationary. What do you make of that . Reporter President Biden has a habit of saying or whispering that he thinks it is true but nobody else knows that it is untrue, bidenomics with the Inflation Reduction Act is working, roll it back to when they were passing this act. They did call it the Inflation Reduction Act. Dont ask me to defend the economics, inflation was rising, 2 trillion, a lot was Transfer Payments to people and the idea of giving people money to help them pay these higher bills, therefore, inflation is reduced, the inflation didnt come down, people didnt see prices coming down for them and support for his policies are one third of 1 . David i want to read one sentence from this memo. Our first year of implementation the Treasury Department has focused on achieving three goals, creating good paying jobs, strengthening our Energy Security, tackling the climate crisis. Nothing about reducing inflation there but strengthening our Energy Security, how does losing our Energy Independence strengthen our Energy Security . Lets note their semi truth in advertising. Remember how we got this. That billion the end was the end bit of what biden wanted, a Green New Deal and huge proposal for these new entitlements, the be part of this, Healthy Families plan or Something Like this it in the end the only thing that joe manchin would sign up for and they slapped the name on it which was completely inappropriate, Inflation Reduction Act to make it more sellable but this is all about the remnants of bidens Climate Agenda. Though it is quite aggressive even as it is. That Climate Agenda is aimed at undermining americas Energy Security in the name of reducing fossil fuels. It does nothing to help the economy, cheap fossil fuels are the lifeblood of any economy. To the extent this bill is reducing their use, tamping down on it and flooding the zone with new subsidies for things that are expensive and dont work, it is inflationary and undermining american strength. David doesnt senator manchin, another story. The celebratory atmosphere of that meeting on wednesday rubbed against the grain. A lot of americans hurting now. Homeowners are now spending 40 of their pretax income on their mortgages. Theres nothing to celebrate here. That is why the numbers are impacted. Mortgage payments are high, gas prices are still high. People are being told bidenomics is working. All around them, the Household Items they use or pay for are more expensive. I have two daughters, they notice you mentioned that 709 a month people are paying more because they notice, you tell them everything is fine they know its not true. David you have this extraordinary idea, the way they put their subsidies trillions of dollars, originally the plan was 400 billion, it is 1. 2 trillion of subsidies with grand plans of having the government, Government Bureaucrats and politicians decide whats good for the economy, where that money is best invested rather than business people. Does that make sense . It makes sense politically. It suppresses the market. Some capital gets diverted from things where it might better be used but they are spending so much money subsidizing green industries, batteries, solar, electric, microchips, most companies are taking these subsidies, a lot of companies, they have become, those companies becoming dependent on the government longterm, tight bond between the government. If it was a democratic government they direct these industries in the direction they want them to go politically. David we have seen the failure of these policies. Ford got to billion dollars of various subsidies for battery plants et cetera and are pulling back on their tv program because it is not selling, republicans are not buying it, government planning doesnt work in the real market. They are bleeding money. We had a number of electric vehiclesmakers, busmakers go bankrupt because they do not have a workable business model. This reminds me, everyone remember obamas stimulus, solyndra, a lot more coming. David the doe gave a loan to ford, 9. 2 billion. So i had, new Felony Charges for donald trump, this time for racketeering. The polk county da, but critics are calling a kitchen sink indictment. Will any of the charges stick . We will ask david rivkin next. Let Innovation Refunds help with your erc tax refund so you can improve your business however you see fit. Rosie used part of her refund to build an outdoor patio. Clink dr. Marshall used part of his refund to give his practice a facelift. Emily used part of her refund to buy. I run a wax museum. Let Innovation Refunds help you get started on your erc tax refund. Stop waiting. Go to innovationrefunds. Com you really got the brows. Let me be direct. Youre watching football wrong what do you call a guy in face paint that cant get the game . A clown sorry, what app was it again . No, no. Just give me a second. Amateurs. Ohhh sorry everybody. Directv sports central gives you access to every game. So you never have to compromise on gameday. Was that necessary . I was just illustrating a point. Oh. Get in the redzone with sports pack. Call 1800directv choosing a treatment for your chronic migraine 15 or more headache days a month, each lasting 4 hours or more can be overwhelming. So, ask your doctor about botox®. Botox® prevents headaches in adults with chronic migraine before they even start. Its the 1 prescribed branded chronic migraine treatment. So far, more than 5 million botox® treatments have been given to over Eight Hundred And Fifty Thousand chronic migraine patients. Effects of botox® may spread hours to weeks after injection causing serious symptoms. Alert your doctor right away, as difficulty swallowing, speaking, breathing, eye problems, or Muscle Weakness can be signs of a lifethreatening condition. Side effects may include allergic reactions, neck and injection site pain, fatigue, and headache. Dont receive botox® if theres a skin infection. Tell your doctor your medical history, muscle or nerve conditions and medications, including botulinum toxins, as these may increase the risk of serious side effects. In a survey, 92 of current users said they wish theyd talked to their doctor and started botox® sooner. So, ask your doctor if botox® is right for you. Learn how abbvie could help you save on botox®. David another week, another indictment for donald trump this time in Fulton County, georgia, where District AttorneyFarney Willis charged the former president and 18 co. Defendants with racketeering and conspiracy for their efforts to overturn the results of the 2020 president ial election. In a case that even some liberals say may be one too many. Im joined by constitutional attorney and former Justice Department official david rivkin. It wasnt even a state prosecutor, a local prosecutor using racketeering charges against a former president , 18 others. The Wall Street Journal editorialized this we, inflating it into a rico conspiracy makes the case less credible, not more. It is a broad ranging charge. A charge that incorporates as predicate offenses, lots of exercises of First Amendment rights including tweets. It has never been used, used in the context of real basic criminal conduct. It is not just the substantive charges but a weak case thats going to die quickly at least as far as being prosecuted in georgia. You do have attorneys, mark meadows, Chief Of Staff who file a motion a couple days ago to have a case transferred to Federal District court, which they are entitled because a statute of immunity, of federal offices which is the case of mr. Meadows and mr. Clark who is a doj attorney. This case, it is not just to transfer venue through federal court, also an immunity, but as i argued a little while ago, donald trump has a constitutionally based immunity based on the Supreme Court case, nixon versus gerald, giving immunity to actions done moving in and out of perimeter of constitutional duties even if those actions were unlawful. The Fulton County case is not david other than that you think it is fine but using a guy named Rudy Giuliani, a guy who became famous as a prosecutor using rico. He knows it better than anybody in the United States, not only how to use against somebody but seen every defense against it imaginable. Who is going to win that if it goes to court against him . The local prosecutor or Rudy Giuliani . I will put my money on giuliani but i do not think this case would be litigated on the merits given the Immunity Arguments that do not apply to defendants from georgia. I want to emphasize to the viewers despite the weakness, leaving behind political implications, the justice system, a horrible precedent as you said in the introduction. We have a local District Attorney bringing cases particularly that goes to the heart of what you feel about what trump did, people like clark or mark meadows that essentially discharging the duties of the office. This is a horrible precedent for federalism, separation of powers, exercising First Amendment rights, a truly toxic case, even though all of them or most of them, does not diminish it. David it is also a pile on. A lot of the charges are the same ones jack smith and brought in the federal level and they both get to the issue, into the mind of donald trump deciding whether or not he knew or didnt know whether he was lying or wasnt lying about what happened in the election. There is so much supposition in these charges and than the question of isnt a candidate allowed to contest an election. Sorry, youre not allowed to have the freespeech to question publicly or try to defend your case in court. It criminalizes the rough and tumble and battles over elections. It will be played out for other people down the road. It is highly regrettable. I cant tell you how depressing i find it. The question of what is here relevant for immunity purposes, an objective test that goes to whether or not the sphere of his constitution. David i want to ask a question, on the biden investigations going on, david wise and special counsel before last week, has been making claims about his independence this last week, how independent he is. Do you believe he is completely independent from the department of justice . I dont. You choose special counsel outside the department and one thing he should be investigating is what happened in the front end and he was the one who was involved in it. How can he investigate himself. It is appalling, cynical and appalling. David thank you very much. How are voters reacting to Donald Trumps latest legal woes and which of his rivals are rising and falling ahead of the first republican president ial debate, our panel is back with exciting polling next. Thats my boy. Stay off the freeways only pay for what you need. Liberty. Liberty. Liberty. Liberty. Zyrtec works hard at hour one and twice as hard when you take it again the next day. So betty can be the. Barcode beat conductor. Lets be more than our allergies and for fast, allergy relief with a powerful decongestant, try zyrtecd. Every business thats why Comcast Business De is launching theal. Mobile made free event. With our business internet, new and existing customers can get one year of unlimited mobile for free. Its our best internet. Powered by The Next Generation 10g network and with 99. 9 reliability. Plus one line of free mobile for an entire year. Its the mobile made free eventhappening now. Get started for just 49. 99 a month. Plus, ask how to get one free line of unlimited mobile. Comcast business, powering possibilities. David how are voters reacting to Donald Trumps legal woes . 53 of voters say a former president does something illegal when it comes to efforts to overturn the 2020 election, 51 say the department of justice is motivated by partisan politics, and a question about bidens electability. Congressional investigation continue to unravel the claim that he knew nothing of his sons milliondollar Business Deals but more important could be the loss of confidence in the president s ability to lead particularly on the economy, 56 of independence think that biden made the economy worse. We are back with our panel. With all the Problems Trump has there are growing questions about bidens ability to win. You laid them out in a column this week. What are the biggies that biden has to face in reelection . Reporter democrats are making this huge bet that Donald Trumps liabilities, he will win the nomination but cant win the general election. My point is if you look at President Biden in isolation, take donald trump out of the equation, this is one of the weakest nominees democrats of put forward in decades, this is a guy who has bad Approval Ratings on the economy, people are very concerned. Most americans feel they are worse off than they were a couple years ago, Hunter Biden Investigations dogging him and more will come out about that, this is a big issue during the campaign and obviously just the age issue, we had a paul, seven in ten americans, and think is too all to be president. And a lot of problems too. He hasnt been good for the economy, he made the economy worse, the economy, the most important issue in election. Could that somehow give trump the ability to wipe out the indictments when it comes to voting for. Wouldnt rule it out. Looks like we are likely in 2024 to have an indicted Republican Former president and current candidate running against sitting president , will likely be impeached. Battle to the bottom, who is more unpopular. I agree it is a big risk, this should be capable for republicans against bidenomics, no one is buying it and all the liabilities, hunter and so forth, but depends who is more unpopular with the voters in key elements like independence. David such a rich territory for a republican going against a president with all these problems particularly the economy, the problem with Donald Trumps mouth. He just is always putting his foot in it in one way or another. Didnt hurt him in 2,016 but it did in 2,020 and may have hurt republicans in 2022 as well. It seems like his advisers are trying to get him on message. He spoke to larry kudlow, lets play us out of that and get reaction. You will be able to purchase an electric car but every form of car that is made got youve got to have choice like in school, we want school choice, we want choice for buying cars and washing machines, all of this stuff. The dishwashers they were telling me you have to run it five times. What do they do . They end up the whole thing is crazy. To a large extent everything you and i talk about his common sense. We have a lot of common sense, the problem is they dont have common sense, dont know what they are doing. It is turnaround fast. David a good message. David americans want that. Can trump stay on message . After the last election trump does nothing, on his own behalf. A lot has happened. Are you have all these indictments, trump in original election, the fox ball 56 , the numbers for republicans, 13 . They think trump did something wrong. 62 of independents think he did something wrong. Theres a real mismatch between what republicans think of their indictments and what independents think. The indictments Building Support for trump. There is a resentment among republicans and it is rolling forward toward possibly a nomination. Then you get into next year and they have the prospect of independents deciding President Biden completely incompetent Running Economy but donald trump because of his mouth david based on what we heard, an Interesting Exchange between Vivek Ramaswamy who is up in the polls, up 11 in republican polling but he had an exchange with a woman at a Campai