Wednesday at the white house talking about touting his economic suppose it would have been for the economy so far not get your reaction. Guest . The historic American Rescue plan and economic crisis, jobs are up. People are back to work. We have created 10 million jobs a record for any president to this point. 3. 7 unemployment nearly 50 year low in this country. American manufacturing is coming back, 6680 manufacturers. Who wearsri it written that america cant lead in manufacturing . Where is that written . Guess what for all the criticism i got in the help you gave me on gas prices they are down more than 1. 30 a gallon. Since the start of the summer. We are making progress. We are getting other prices down as well. We have more to do. We are getting there. He passed the wants andnd Generation Infrastructure lot that will modernize american roads clean water highspeed internet eliminate in every home and school. Host congressman your reaction to his touting of the economy . Guest at the moment that report came out that inflation was high its grown causing the cost of living for everyone. As colleagues of mine have said this is a gas and groceries election. Gases 33 more expensive than it was from when the president took office. Groceriesn are more expensive. Its very painful to most of the American People. Host how do you bring inflation down and what is the administration doing that you dont agree with . The administration pushed all of this money out of the economy and they want to do it again and some more with loan forgiveness which i think is a mistake. The president was warned by economists that those policies can trigger inflation and they dismissed that. The president did it anyway and i think its been very damaging. Host what would republicans did to curb inflation . Guest when you look at covid what was done on a bipartisan basis but that prior to keeping people in a job in 2020 the beginning of covid when unemployment spiked in the gdp dipped congress got involved on a temporary basis. By the end of 2020 gdp was back even and we should have left it well enough alone. I think republicans would it left it well enough alone. President biden was new in Office Anyone to push that money out there. Host if youre just joining us were talking about the economy and whats it like where you live and congressman adrian smithu republican of nebraska sits on the Ways Means Committee and speaking of trade the white house labor secretary said theyd come to attend to deal with the union for freight rail. This is what he wrote at 5 08 a. M. Moments ago cobbling consecutive hours of negotiations the Rail Companies and Union Negotiators came up with a tentative agreement that balances the needs of workers and businesses in our nationsba economy. If there had been a strike can you talk about what that would have portrayed . Would have been devastating. An agreement is welcoming but the fact that not everything has been resolved takes me a little bit nervous. Ive been talking to agricultural who havee told me they have had disruptions in terms of feed coming in furtheri operations and perhaps getting other products to market. Real is a vital part of our nations economy and especially during this obliging crisis that we have. This is the last thing we need. Host farmers in your district and state how much do they rely on freight versus trucking . Freight rail . Guest both. We have a lot of real workers in my district in the pacific broward has the largest rail yard in the world actually write the middle of my district. Its very busy and it has diverse traffic and thats been on the decline but we know rail is very important and whats great is its so efficient. A lot of freight comes a long way. That leads to other things and i think opportunities but also challenges as well. Host are farmers telling you about high part good prices and are they seeing more money because of high food prices . Guest it so volatile. We at least talkig about farmers not getting to set their own prices for the products they work hard to produce. Pr the Commodity Markets are very volatile. Looking at a farm billry next yr to renew the farm bill and thats vital and will have a lot of discussion on that. Theres frustration oftentimest when prices are higher at the Grocery Store stay with beef butter beeff in ranges across te country typically nebraska those prices tend to be down consumers are paying more thats very frustrating. It speaks to several issues involving in the Workforce Shortage which is a key part of this as well. Explained for people who dont knoweo how works for farms and prices. Is it futures or is it a price that set long before and how does itri work . Futures are involved. W there a lot of contracts out there were a farmer will agree to deliver products to a coop or processor. Months down the road even longer perhaps sometimes there is a spark spot market on the spot being able to sell products but a lot of time its contracted in a way that allows to use their risk. Host we have blended in place for pennsylvania, a democratic caller. Caller hi are you doing . Lets go good morning. Caller good morning. Normally i wouldnt be up at this time and usually wouldnt be watching your show even though i recorded every day. You seem so rightleaning and i just happened to catch it today. Im extremely curious, they wanted the Supreme Court to throw to the state and now they want to throw to the feds again. They have no clue what they are doing, you know . He doesnt have a good plan and i hope the democrats dont go along with it. The thing is theyll Work Together wrong. They are trying to take the rights of women away. Ime had an aunt years ago in the 60s who say we have a limited time at the congressman so we are going to have him tell us what is your position on senator grahams nationwide ban on abortion at 15 weeks . Guest i am prolife. The fact that the Supreme Court handed down to the state is very important. I think we should focus on that. That is what the litigation is about. There will be debates across the house and the senate and this is good. This is something we should not shy away from. We want discussions to be civilized we want to share ideas and ultimately come together with policies and in this case its the states that should address this as the Supreme Court allow them to do. Just. Host you would not be in favor of a nationwide ban likes guess i would support a ban overall. A reasonable ban because i am prolife. I think optimally handing it to the states to decide is the best way go. Host is it a reasonable ban by graham . Guess why that rattled the details and ive heard the headlines but i dont have the details. Discussion and debate are what we should pursue and hopefully with the civilized debate we could come up with policies that are workable. Host james in tennessee, independent line, good morning. You have to meet your television please. Caller okay. Why would you want to take a womans right to weigh . You want tove move us back to te 30s and the 40s with butter rights. I dont care what this man says he is like the rest of them. All they do is claim joe biden committed all kinds of problems and this is about trump. [inaudible] avthank you. Lets go what about a womans rights. The issue you brought up. Guest again im prolife and ive had a lifelong prolife position. We can debate the issues and lets have civilized debates. There will be disagreements. The country was founded on disagreements and yet we came together to give us various policies that we still enjoy today. The constitution. Lets have that discussion. Host the Federal Reserve chair has said they will keep raising Interest Rates until the job is done in the job being bringing down inflation. Do you support that strategy . Guest i hesitate to say raising Interest Rates is the solution. With the feds cant do is control spending inn congress. We need to reduce spending in congress and avoid these huge that the president has been pushing so readily. To me thats the biggest trigger and it happens more quickly than we are going to be able to undo it. The better policies of reducing spending is the better way to go. Host birmingham alabama, democratic caller. Caller he acts like this inflation thing is something only americans are dealing with. This is a global deal here. Had we not put money out there in put money in peoples pockets this thing would have been inouy opinion the republicans wanted that way. They dont want the economy to come around. Able to blamee joe biden and the democrats. Host we take your point its not just america its global and if the democrats had not put money into the economy it would be. Just go reasonable economists told the president not to do this because spending with trigger inflation and it has. We are the leading economy in the world and a lot of economies follow suit and i just think and especially rushing to do this when we look at the president wants this loan forgiveness to be done the executive level without even debating it in congress especially after Speaker Pelosi and leader schumer specifically said this cannot be done without a vote of congress. These are just issues and examples of pushing money into the economy that has led to higher Prices Higher cost of im afraid College Students are facing higher tuition rates. Host camera North Carolina independent line. Its on. The administration being the primary source. Actually, the beginning of money being inflated into the economy started with the checks under the Trump Administration. Under the Trump Administration as well as the tax breaks. There is a phrase used during the Trump Administration within Congress Called trickledown economicss. Dont really hear that phrase anymore. Because if we did voters would understand that policy failed. And as an independent i look at things on both sides but democrats do spend too much money per at this point is a necessity. At the stake that argument. Rex attacks a form we in 2017, actually offered tax relief and increase of revenue to the government because of a growing economy. When a huge focus its important to point to is the fact that we wanted to improve and increase t productivity through a tax code of encouraging businesses to invest in more production. Invest in higher wages. So they can expense all about. That is key, that it worked. The data it shows us up and down the line. The president wants this worldwide minimum corporate tax. That actually discourages companies from becoming more productive. Im very concerned about that progress is on the tax in the socalled inflation reduction act. Let me list the others and havee you react. The tax increase on Interest Income as a 1 tax on buybacks. Imports as a tax at the irs, doubles the agency size. Extended expands the premium ta. Credits and tax credits for buying electric and Hydrogen Vehicles in the Energy EfficientHome Improvements for his wealth tax credits for companies that build new sources of admission free electricity. When you look at the focus on electric vehicles. I am glad the economy and innovation is a leading to electric vehicles. Theres a time and a place foric that. To pick these winter so to speak, the infrastructures not prepared for that. Then kevin thrown citizens from plugging in at their homes. Thats one example of the problem. All of these policies were thrown together, thrown in there and voted on quickly. There are many issues with these im sure we will have more debate about. This should have been more deliberation before that bill was passed. Wisconsin democratic call at your talk with congressman adrienne smith. Go ahead. Yes representative. I would just like to ask you, 2017 and 18, corn was 3 a bushel beans like five. Thats it trumps trade embargo the trade tariffs with china. The carpets in wisconsin where i live are very happy about the commodity prices. Diesel prices are sky high. But that is price gouging. Doesnt make anyone under the republicans want to take it on. Because ten years ago diesel was cheaper than gas because it refined much more efficiently. Its the first thing out of the refineries. As far as the economy goes, we looked at all these red states the republicans for 40 years i dont really see where they got a foot to stand on as far as helping the average person. Entherefore when they retire thr Social Security and selling because the wages have been suppressed so long the antiunion and big business policies. I want to explain some of that to me please. I think one of the biggest issues these days is the cost of energy and certainly the president started day one boasting about perfecting want to shut down Domestic Production of fossil fuels. That was his priority. We are paying for the results of those policies. That hits everyone. When we talk about wages, we saw an increase in wages following tax reform of 2017. In a lower inflation rate. Workers were getting ahead. Not with all the inflation we have now the cost of living even though wages have gone up it is overshadowed and undermined by the higher prices. Whether its at theri Grocery Store, the gas pump, looking for a new house that they can find my. Supply chain crisis were at any price some things just are not available. Quickly go to louisiana, george is there watching democratic color. Good morning. Caller my question for mr. Adrienne smith, i would like to know why we are not saying there is a food shortage. Quit using the word inflation when we are looking at bird flu for the chickens industry, are being slaughtered, rain or drop, why are not talking about that situation . Thats not just the United States thats globally but. The Russia Ukraine conflict added to the food shortage. Russia invading ukraine. Inappropriately i would add has complicated everything because ukraine is considered the bread basket of europe, commodities are really a worldwide issue. Now, i have to say even during our challenges food are still available. Yes, its more s expensive but e are helping to feed the world. Youre feeding america, helping to feed the world. Wo i think we are in a strong position for that. At theth caller does raise a vey valid point. There are some shelves that are empty. Folks are not able to see the variety of the Grocery Stores that they would like for with without variety theres less competition. We hope to get this supply chain back on track we need to get folks backfilling the Job Vacancies that exist all across the primary. The public sector, the private sector, these Job Vacancies exist for you mentioned earlier the doubling of the irs workers and their budget, i think that is a mistake. I think we will see a lot more audits of small businesses. A lot of the American People are to pay their taxes. We get bill privette once again. I think that is a mistake and costly as well per. Dave is in North Carolina independent. Good morning. Arent you a basketball player . Played with the royals at one time . Not me. Play a pickup game of best wells a while though. [laughter] okay. I believe this inflation thing is created by greed. I know you guys want a trade or switch in the presidency and that is why all of these prices all of these crisis is are happening. What do you think about that . Greed is the problem here. We want consumers to have options in the marketplace. We want them to be able to select from among products whatever they feel is affordable find the various details they are interested in. That is empowering consumers. As things become short on the shelf they dont have those choices. That also leads to higher prices. But this is painful for literally everyone across the economy, this has been verynf painful and thats why i hope we can address the supply chain shortage by getting folks back into the workforce. We have the workforce today as a percentage is smaller than what it was in the fall of 2008. President biden is boasting about the unemployment rate. And yet thats only part of the picture. The Bigger Picture more accurate is to follow that workforce participation rate. We are not in very good spot right now. Democratic collar. Caller good morning. How are you guys . I think you are doing america a disservice when you try to push the republicans agenda all the time. We wake up the Washington Post, wall street journal, you go back and show us the republican senators are making. I know he got this guy as our guest. He wants to be the chairman of the house a ways committee. I think i hear isly disgruntledi know thats not you guys agenda. If you want to funnel to put up there and show a democrat, thank you have a great day. Carry a new state of the going to talk with democratic congressman coming out at 8 30 a. M. Eastern time. We certainly do our best to balance this program. We have to take the network as a whole would take balance very seriously we tried to make it every day able to make decisions about what we are covering and the gas we have on here. But congressman if you want to address what he had to say there. I always think is left leaving leaning in their editorial type of the Washington Post and the wall street journal at the same time thats pretty balanced. Republican hi there mike. Hello. I amam here. We are listening to you, go t ahead. I was just saying before we got thisen administration we haa pretty good economy. I think once they are voted out i think we will be fine again. Split right congressman you have a reaction to that . Speak to the house has three year term so they drastic