Reaction from Fox News contributor and former economic adviser to President Obama, Robert Wolf.
This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
Joe Bidens economic agenda
stack up to the President
Jedediah joining us now. Fox
news, contributor and former
economic advisor to President
Obama Rob the Wolf
Robert welcome to the show.
Did I miss something?
Is Bernie Sanders actually the
one running for president
here?
Why is he the one out there
talking about Joe Bidens
economic policy?
Why isnt it Joe Biden?
Well Joe Biden, has spoke
about his economic policy.
He gave four speeches just on
the economy and the contrast
between Joe Biden and President
trumps recovery couldnt be
more different.
President trumps talking about
a payroll tax cut
that wont help the thirteen million
people recently unemployed by
the pandemic.
It doesnt help that eighty thousand
small businesses that got closed
with the pandemic, so theres a
huge contrast between the two
and trickle down economics is
not going to be the way to get
us into a recovery
PETE Robert. Do you really think
people see Joe Biden as the open
up candidate the
mask mandate, one that hes
the one that allows business
thats absurd and do you not get
worried hold on? Do you not
get worried
the covid response? We have
one hundred and eighty thousand people that have passed
away. Six million people impacted
when the President said
PETE and youre not pointing
any fingers at China at what
they did.
Joe Biden would give him a free
pass.
This is not a conversation about
Covid those Robert.
This is a conversation about the
economy.
Are you worried about mayors in
northern Minnesota, who are
Democrats saying that were
leaving our party because the
policies of the Democrats
have crushed the working class
in Minnesota so were going to
President Trump
thats, the policies of Obama,
Biden, theyre, rejecting
not Donald Trump
thats, a fact.
Six Democrat layers in Minnesota
signed a letter.
Okay, so lets talk. Facts
here are facts:
the stock market that President
Trump is touting, which is up
Amazon, Walmart target up one hundred percent.
At the same time, twenty percent of
small businesses were closed.
Twenty five major retailers have closed
thirteen people. Thirteen million people are
unemployed from the pandemic
Jedediah, but Robert hold on a
second
youre talking about things that
have happened
were in the midst of a pandemic.
There were shutdowns
that happened.
What im pointing to and what
PETE is also addressed is what
the economy looked like before
this, which was actually quite
good.
We can talk about that too
Jedediah. So what do you want to
see?
Do you want to see tax hike, the
corporate tax rates higher?
What is Joe Biden going to do
thats actually going to bring
about positive change?
You can keep coming at me
its fine.
Let me reply so a couple things
one before this took place.
Just for clarity. President
Obama had two hundred and twenty five thousand jobs for his
last three years and president
trumps first three years was
one hundred and eighty three thousand
their gdp, which President Trump
thought was going to be. North of
five percent came in at two point: five percent Pre Covid
PETE, so youre denying that
Donald Trump had a strong
economy,
youre denying that and youre
going to tell everyone to deny
what they saw.
I didnt say that at all,
you were just asking for a
comparison.
We had lets be clear.
We had right now, eight straight
years of a trajectory going one
way
now we have a depression and
those are just the facts, so we
can do contrast and compare, but
trickle down. Economics is not
whats going to work for a
recovery.
Jedediah im telling you.
Unfortunately, people are in
distress, and I sincerely doubt
that people in businesses are
going to want to hear that tax
hikes are a plan when they are
already suffering right now
I could be wrong, but I dont
think that is going to go over
very well.
Pete were out of time
Jedediah. Unfortunately, we have
more fox amp friends is am coming.
Transcript generated on 2020-08-30.