Transcripts For FOXNEWSW The Journal Editorial Report 201808

FOXNEWSW The Journal Editorial Report August 4, 2018 19:00:00

Weekly news commentary and features from the editors of the Wall Street Journals editorial page. 1. 3 trillion spending bill, we know that we have to push both parties to do the right thing and not sideline on individual parties. This is not a Binary Choice, how do we drive members of congress and those who want to seek our support to do the right thing on the issues for the American People and help them improve their lives. Paul all right, thank you, davis, i appreciate you being here. Coming up, President Trump calling out the Koch Brothers for refuse to go support some republican candidates, what effects dispute have on midterm elections next. Over 75 years of great savings and service. You cant argue with more. Why would ya . Geico. Expect great savings and a whole lot more. Tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and Difficulty Breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. Man ask your doctor about jardiance and get to the heart of what matters. Against strong borders and powerful trade. I never sought their support intaus i dont need their money or bad ideas, they love my tax and regulation cuts, judicial picks and more, i made them richer, network is highly overrated. Ive beaten them in every turn, they want to protect their companies outside the u. S. From being taxed, im for America First and the American Worker a puppet for no one. Two nice guys with bad ideas. So with two major Gop Powers Currently feuding, what does this mean for the future of the Republican Party. Lets ask columnist Dan Henninger and bill mcburn and Mary Anastasia ogrady. Dan, what do you think President Trump is on assault with the kochs . Picked somebody to have a fight with so that it reflects well on him and animates his base. Donald trump is all about that base. Lets talk about that, despite what the kochs paul is not a minor event, i think it is a warning shot across american politics, as spokesman said they dont see as Binary Choice but the trump people think its his way or the highway and on the Left Progressive its their way or highway, increasing number of americans are starting to drop out the Binary Choice and what the Koch Brothers are doing, some of it a mistake, but i think we are going to see much more of this sort of thing, substantial things within the two parties withdrawing from the kind of Binary Choice that theyre being forced to make. Paul well, we know, mary, republicans arent in a very tough fight to hold congress, okay, so you need all the allies you can get . [laughter] right. Paul why would you get in the fight with one of the biggest Donor Networks out there . Brian hooks, charles koch deputies said that the Trump Administration is engaging in things that are divisive and damaging for the long term and that really hit a nerve with donald trump maybe because its true and charles koch came up, theres been a lot of divisiveness before donald trump but thats what dan is referring to with respect to the base, thats what the real risk is here. All the kochs are saying on immigration, trade and fiscal deficit we want to stick with core values, free market, welcoming immigrants, legally, and basically controlling federal spending and some of these people who donald trump is defending and want the kochs to go along with are very much on the other side of the arguments. I think thats an important place to draw the line. Paul important place because in particular, bill, i agree with mary on this because the kochs unlike a politician, right, politicians have a hard time disagreeing with donald trump because they can pay a price at the polls or republicans, the Kochs Have Freedom just as you do as columnist. First amendment, right. Paul they can say what they believe. And i think by standing up and saying what they believe they are actually creating space to have a debate about some of the important issues within the party. Yeah, look, i think its insane to do this before the midterms. The goal of a party is to get 50 plus 1, right, in an election, the kochs are traveling on the trump train about 80 of this, its their money. Theres always tensions between groups who have issues in the party and the party wants majority, the other groups want little more purity and the problem is if youre one of these groups whether youre the nra or Koch Brothers or Prolife Group they always say would you have a democrat, they are worse, the democrats have the same goal with their groups, you know, planned parenthood, they are open to republicans who are prochoice but people say would you rather have a republican in there, occasionally if youre one of these groups, i think you have to take someone down or let be taken down to be serious or not taken for granted. The Koch Brothers are spending a lot of money to support Brett Kavanaugh, his nomination, why you wouldial would alienate someone like that . They have pretty good record. Paul steve bannon, dan, piled on afterwards and said to republican candidates, if you take koch money there will be punishment. That was his word. Bannon wants to remake the Republican Party to Protectionist Party into an Immigration Restrictionist party, not just illegal but also legal immigration, really cut it down, and i think this is the fight in many ways for what theRepublican Party believes in. Yeah, it is, and what we are doing here is getting mixed up between partisanship, the party, and ideological beliefs, the Koch Brothers are fundamentally an Ideological Organization not a partisan organization, most of the time that corresponds with the Republican Party but since the Trump Presidency some of the splits have become evident as steve bannon trying to create a trumpian party. Sure, hes entitled to do that, but in the next 3 months between now and november, i mean, you have about 25 Republican House seats on there that are not safe, they are on the bubble and they have got to decide for themselves whether they are going to align themselves with steve bannon or whatever it takes to get them reelected and control hold control of the house of representatives. I think the reaction of donald trump is very much related to the problems hes having with his trade policy. I mean, he is getting incredible pushback from within inside the Republican Party about the problems that the farmers are having, the problems that manufacturing is having, so hes already on the ropes on this and now hes confronted by the kochs, thats why he exploded, i think. Paul when we come back President Trump to raise tariffs on china, how do we expect china to respond and what does this mean to the American Economy . 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It gives you super fast speeds for all your devices, provides the most Wifi Coverage for your home, and lets you control your network with the xfi app. Its the ultimate wifi experience. Xfinity xfi, simple, easy, awesome. Paul as the trade war with china continues to escalate President Trump has asked advisers to explore the possibility of raising tariffs from 10 which was announced last month all the way up to 25 drawing criticism from both sides of the political aisle advocating a more open trade policy, this coming as the bureau of labor statistics released latest jobs report showing the Unemployment Rate dropping to 3. 9 , so what does this mean for the economy as a whole lets bring back Deputy Editor Dan Henninger, and Columnist Bill mcgurn and mary ogrady. So mary, you saw the jobs report. Little more little lighter job creation but still pretty strong. Well let me say at onset, everything is okay, we are doing fine, we are still in sweet spot but the jobs number was disappointing a little bit below what the expectations were, Labor Participation is still below 63 , weve been hope to get that higher and theres a lot of focus on the fact that wages are up, wage gains 2. 7 but lets remember that those those are nominal wage gains. In real terms wages are flat over last year and a lot of that, i think, can be explained by rising Healthcare Costs which become more and more part of the conversation. And i think that what we are seeing here is a real problem, again, with Donald Trumps trade policy, not only because of the trade policy but because thats where hes spending all of his Political Capital instead of fixing other things. Paul mayjune numbers were raised 59,000, so the average so seventh year of economic recovery is more than that. Its really very good. On average 2, 20 over paul thats good. Its very good paul from 2016 and 17. Yes, i agree, but what i would say is, again, the numbers are disappointing and lets remember that we are running into headwinds here because Interest Rates are going back up and we have the tariffs coming which, you know, i think donald trump feel like, hey, i announced tariffs were going up and Nothing Happened therefore i can do more and i think the repercussions of what is going to happen as these tariffs hit the economy havent been factored in yet and when they are you run into some problems. Paul thats the question of audience, i get it emails all of the time, if trade is so dangerous as a policy, so damaging, then why is the market not going down and why is the economy strong, your reply . Im saying a lot of Effects Havent Hit yet. In the first half of the year exports, they rushed them to the docks to get them out of the country so that they could beat the the retaliation that were getting hit with in europe, in mexico, in canada and in china and as that starts to actually sink more into the economy, i think you start youre going to start to feel it in the jobs numbers and in wage numbers and thats important to wall street and the market. Paul the president had truce with europe, bill, hes working on a deal trying to get one with mexico and canada. If he did that and then china was the only trade feud, can the economy kind of plow through that . Yeah, i have a slightly different take from mary, i share her concerns, this is good news, we are in an economy where the growth is 4. 1, higher than Unemployment Rate, only in the times that i lived in hong kong did i enjoy Something Like that. [laughter] the good economy sort of gives cover a little bit to hide some of the costs and i agree that the full costs have not been yet felt, if you compare to Bush Deal Tariffs in 2002, much worse economy, the pain was much sharper because you could see it. Who knows, maybe the tariffs knock off a few points on the growth, we dont really know, unfortunately thats i think its giving coverage to the idea that there are no costs and i agree with mary and i think we will see them later. Its good news for what we have, The Dark Side that it may give excuses for more and the tariffs. Paul dan, you have been arguing that trump should use the economy, Strong Enough and grown enough that he ought to run on it and instead of some of the other issues and stress Whats Going On in the economy . Well, hes running on it. Ive watched two huge rallies hes had recently and midst the 70 or 80 minutes which he talks theres a lot about the economy and there should be. The question is should the republican candidates themselves be doing it and i argue that is the single thing that they should be con concentrating on. The economy is booming after 8 years of torture in obama years. They rolled back regulations, liberated the American Economy, but i think there is a flag flying out there and that is trump has died today use tariffs, try to force changes in the chinese economy and the simple question is, is this tool, the tariff war right tool to change the chinese because they just this week said they would retaliate with tariffs on over 5,000 american goods. Theres a risk factor no question built into this. A game of chicken, paul. Paul and somebody loses. Right. Paul thank you all, still ahead a look at midterms election has new poll indicate that is trump may be losing support in the Battleground States of the midwest. Felt great not having hepatitis c. Its like a load off my shoulders. I was just excited for it to be over. 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Youre a nincompoop phone ping gentlemen, i have just received word the louisiana purchase, is complete instant Purchase Notifications from capital one. So you wont miss a purchase large, small, or very large. Technology this helpful. Could make history. Whats in your wallet . Keep it comin love. If you keep on eating, well keep it comin. All you can eat riblets and tenders at applebees. Now thats eatin good in the neighborhood. Paul these numbers dont look good if youre a republican in the midwest, what do you think is going on there . Well, they are and they arent. The key thing is turnouts, we are not seeing a great deal of shifting in terms of party id. We are seeing kind of the traditional, Intensity Gap being the party of the white house, if you look at 2010 obama had a 10point gap in 2014, 11point gap, 2006 we had an 8point gap, right now the gap is running 7 points nationwide and the democrats are more intense and what you will see in the races including the race coming up in ohio next week is that the intensity is real issue, is not that voters are deciding One Direction or the other, its one side or the other is more intense and theyll turn out in larger margin and that makes difference in campaign. Paul right, if you look at the real clear politics average of the president s approval rating nationwide is about 43, 45 now, so in the mid western states which, you know, you have republican governors and two of them, and youve got a former republican governor tim running again for governor in minnesota, those numbers are 5, 6, 7 points lower than national average. How do you explain that in the Upper Midwest . Well, its just the makeup of the electorate if you will. Oneone of the things we had to o when trump came in because it was

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